If we're able to get above the 50 EMA that's a strong indication of a Uptrend fixing to happen, so if we get above it & the Volume pick up we should see a big push above the upper trend line rolling into Thursday morning. If we hit the 50 EMA we could see a rejection & continue to call into a Consolidation phase sticking around .27 heading into Friday.
We've bounced off the lower trend line now headed back to retest $50k which this may be the beginning of a Market Bull Run through the weekend. If we happen to retest the lower trend line we may fall too $47,200 & consolidate through the weekend.
We've been creating Higher Highs & Higher Lows since the 19th & may very well continue this pattern heading into the weekend, if we do we may test $2.30 this weekend. If we hit the $2.00 resistance we may find ourselves in a Consolidation phase heading into the weekend around $1.90 & $2.00 which would be a healthy consolidation for the coming week.
We've been in a strong pullback which we are nearing the 50 EMA which I do believe we will bounce off & continue moving in the Uptrend. If we do we will see a slight pullback then a nice spike heading into the weekend. If we do fall below the 50 EMA we may retest the previous resistance at .020 then see a Consolidation phase unfold heading into the weekend.
We may have just witnessed a Fake-out, looking to get rid of the paper hands before the next leg up. We are currently still in this Bullish Pennant & may begin our next swing upwards through Tuesday Night & into Wednesday morning. If we are able to bust through the top of the pennant, this may be the beginning to a big Bull run surging through .36+ heading into...
As we bounced off this resistance we had a pullback but we should see another push to break the resistance. If we are able to break above the resistance we should see a retest then could be on our way too $3,500 towards the end of the week. On the other hand, if we get a sell-off we may retest the bottom trend line, retest the upper resistance then could see a...
Since August 11th we've continuously created Higher Highs & Higher Lows, even with this large pullback we are still in this Uptrend since we haven't crossed over the previous Higher Low. If we are able to continue along this Uptrend we may reach $3.20 heading into Thursday afternoon/evening. We've got a lot in the near future for Cardano which I do expect us to...
On the 4hr chart we've created a nice Bullish Pennant, but we need confirmation before setting a trade up. As we enter Wednesday morning we will begin to get an idea of the path we will be heading into the week. If we are able to break above the Pennant pattern we may head towards .005 nearing Thursday afternoon, with that being said now would be a solid Buying...
Taking a look at the 4hr chart Doge has created a Bullish Pennant Pattern, what we should see unfold next is a surge through the top of the wedge pattern followed by a retest then a nice push Upwards. If we happen to break this Pennant Pattern & get a reversal, we may find ourselves at the .26 resistance followed by a consolidation phase through the week.
We've continued in this wedge pattern for a few days now & seem to be ready for a new pattern tomorrow, Wednesday the 25th. We've got 2 strong resistance lines below us which are .26 & .28, so if we do fall below this wedge those are the 2 prices we should keep an eye on for buying opportunities heading forward. We could consolidate between the two moving into...
We're in a vital time for Bitcoin as we may have a large pullback too $47,000 then see a consolidation phase through Monday. If we're able too break above this resistance followed by a retest we may see another leg up towards $50,000 Monday afternoon.
We may see a nice push through the top of this wedge creating a retest followed by a nice spike to .36+ or well fall below the wedge then consolidate around .28 & .30 through the weekend.
I believe we'll see a slight pullback then we need to pay attention to the Volume, if we're able to catch Volume we may head to .35+ Saturday afternoon. We very easily could have a sell-off then a Consolidation Phase through the weekend.
$50,000 is a key price that could get us into the next leg up in this Bull Cycle. It could also help kick start this Alt-season that's on the verge of breaking out heading into 2022, which will be driven by Cardano & Ethereum even DogeCoin will have a huge role to play.
We just broke above the Bearish trendline with a slight retest, next we may see a push towards $34K as we go through the weekend. Also taking a look at the RSI it indicates we've touched a nice trend line here which could send us on an Uptrend. If we do hit the above resistance at $3,315 we could hit a reversal & fall back too $3,110 which would fall to the top...
Now is the time for Cardano to make that $3 run this weekend. We just crossed the ATH resistance with a nice retest & now it's time to FLY! Let's see if we can continue to gain Volume & Momentum through the weekend.
Bitcoin is on the verge of another Head & Shoulders pattern inside of the wedge which we are nearing the end of. If we end up creating a Head & Shoulders this weekend we may see a sell-off sending us too $36k range which would keep us inside of the wedge pattern. Breaking out of the top of this wedge is very possible & if we do we may test $50k early next week.
We've got 2 scenarios that we may see play out, we may hit this resistance fall below to the .018 resistance fall below it with a retest then continue down too .017 If we hit this resistance & test .018 followed by a Touch & Go we may he headed too .02 early Friday morning. Appears we may be creating a Cup & Handle which would be great for the weekend.