BowserMan

BowserMan

The drop from ADA's previous pump has gradually lost momentum resulting in the formation of a parabolic curve. This is often a sign that buyers are getting the upper hand from sellers and that a reversal of the downtrend is coming. See also my previous idea on COMP with a very similar formation. Short term targets are on the chart. Trade safe!

BowserMan

Big ascending triangle forming with strong hidden bullish divergence. Enter as close to the bottom trendline of the triangle as possible. Targets are on the chart. Still depends on BTC price moves but with dropping BTC dominance the effect of BTC on alts is diminishing. With BTC price action currently turning bullish I think this will play out quite nicely! Trade safe!

BowserMan

Turns out kava wasn't ready to break out of the ascending triangle I mentioned in my recent post just yet, price dropped and bounced from the bottom support. There are slight hidden bullish divergences on obv and rsi on the daily chart and price is lagging behind to that of some other alts and current price action is indicating it is ready to catch up. Expecting...

BowserMan

COMP has been consolidating above a previous support level for close to a month now and has started to form the first halve of what could be a parabolic curve bouncing off the trend line. The parabolic sar indicator has turned bullish on the daily timeframe for a couple of days now and there is a slight bullish divergence on the RSI daily. Even though support...

BowserMan

Most experienced traders know that leveraged tokens should be avoided at all cost. Exchanges advertise these products to ignorant traders who are afraid to trade on leverage, with phrases like "Now you can use leverage without the risk of liquidation!". Be aware that these products have been carefully designed to take your money, and then some. The underlying...

BowserMan

Kava is currently consolidating just below major resistance which is also the top of a massive ascending triangle. Supported by a steadily rising OBV this looks very bullish. I expect a big move up when KAVA breaks through this resistance level.

BowserMan Updated 

Massive falling wedge forming on the weekly chart, which is nearing completion at the end of Elliott impulse wave 4. Wave 5 will be massive and the last wave this cycle.

BowserMan

If GRT respects the ascending trendline we should see a nice pump very soon. We currently have a falling wedge reaching its conclusion at the crossroads with the ascending trend, expecting double pressure and a big pump. Bullish divergence is pointing in this direction too.

BowserMan

Algo has been performing very well lately even with shaky BTC price action. The chart could show the beginning of an ascending triangle forming with potential bullish continuation. The hidden bearish divergence on the RSI supports this idea. Trade at your own risk!

BowserMan

1inch should bounce off of the channel bottom here. We also have a hidden bullish divergence on the rsi. DYOR

BowserMan

I am watching sushi closely now. Trade safe.

BowserMan

Moon soon?

BowserMan

I am very bullish on VET long term. Right now we have a small falling wedge forming with a short term long opportunity.Targets and SL in this trade are based on recent swing highs and lows and direction of the breakout is largely decided by btc price behaviour! Practice proper risk management.

BowserMan

I like to call it the chopsticks pattern. Up or down?

BowserMan

What I see..

BowserMan

This triangle is reaching its conclusion. BTC is certainly due for a correction but Bulls are still strong and a surprise to the upside is a possibility. This triangle can break out either way. Be safe.

BowserMan Updated 

With ascending triangles the price will typically breakout in the same direction as the trend, which is UP. Bullish! Always use tight SL when trading triangle patterns.

BowserMan

What I see for VET right now. Not making any assumption as to which direction either of the triangles will play out. The smaller triangle had a failed breakout followed by a dump which was stopped at the triangle bottom. If this holds I am looking for the smaller triangle to complete and finally break out to the upside. If support fails I will look at the larger...