We are currently in a strong resistance line & what we see unfold tonight will be a strong indicator of how our Friday morning will go. If we are able to break through this resistance we may be around $3,200 heading into Friday morning, but if we do test this resistance then fall below it we would see a retest followed by more consolidation on Friday.
We just broke above the upper resistance of the wedge, what we may see next is a slight pullback before we head to .34+ through the night. If we do fall back into the wedge we may consolidate today heading into Friday morning, the next trend will set up the weekend.
After we consolidated we rose right into the previous wedge which is now a continuation. The good news is we're nearing the end of this wedge typically leading to a new trend with a spike. We are going to see a minimal pullback to then test the top of this wedge, from there and f we decide to have a sell-off well potentially fall to .25 which has very strong...
This will play out as a fake breakout & fall too .30 followed by a consolidation phase or we will continue this new Uptrend pattern & test .36 as we roll into Thursday morning.
Since we've had this pullback we've reached a important resistance moving forward. As you can see if we fall below this resistance we may end up creating a Head & Shoulder pattern which we've seen many of times where we consolidate after then get bullish. Or we could hit this resistance creating Double Bottom which usually follows up with a nice Uptrend. Excited...
As you see here we've been riding along this Uptrend resistance very nicely. We created a Triple Bottom but ended up consolidating a bit heading towards to the trend line, now that we are here the 2 things we need to look for is a cross over or Touch & Go. If we do fall below the trend line we may see .28 again followed by a Consolidation phase heading into...
We've created a Triple Bottom in the RSI chart, as well as created a nice Uptrend that we've been holding on too since the 9th. If we do continue moving on this trend we may test $49k rolling through Tuesday, but if we do fall below this trendline we may retest $42k & consolidate through the week.
We've been in a strong sell-off & now testing the upper resistance, what makes me think we will see a Uptrend unfold is the RSI, we have created a Triple Bottom which usually leads to a bullish trend. If we were to fall to the $1.50 resistance then we would see a Consolidation or Bearish trend unravel Tuesday into Wednesday.
Here we see that we've been in a slight wedge pattern running along this resistance, if you also take a look at the RSI we've been in a slight sell-off which is actually a strong Bullish indicator. We've been in a sell-off but have stayed fairly steady along this resistance, once we get the Volume back up we will be in a nice Uptrend. If we do get a pullback we...
As you see here we've created a nice falling wedge pattern along with a Triple Bottom on the chart as well as the RSI Indicator. If we get a push through the top of this wedge we will see a slight retest then a Uptrend to approach .35 again. If we do break through the top & on the retest continue to have a sell-off we may continue to fall down to .29 resistance &...
If you go all the way back too April '21 just before the massive Bull Run we had a Consolidation Phase which we just came off of starting in July running into Aug. Next we broke into an Uptrend, yes in April it was larger than the one we are seeing now, but it's identical to where it has started & finished. Next was the Bull run that sent us too All Time Highs,...
If you take a look at the RSI we've been in a bearish downtrend which we just broke through the top of. I do expect us to continue this as we near the top of the wedge in the chart above. If we are able to break through the top of this wedge we may test $31 then get a retest back too $29.80 with a slight consolidation before getting continuing on this Bull run.
If we do have a pullback, it will be a healthy at that. We may fall to our previous resistance at .30 then give .35 another shot. We very well could continue on this massive Bull run, but if we do cool off a bit it might be a great time to buy in before the next leg up.
As you take a look at the RSI it indicates we broke through the top of this Bearish downtrend & set for a retest phase. Next we need to pay attention to the retest, if we're able to retest the wedge then continue this uptrend & look for a bullish trend to establish itself. Or if we will fall below the wedge & look for our resistance at .019, if we do break that...
If you take a look at the RSI it indicates we've created a Triple Top which is usually followed by a pullback. If we do get a pullback we may fall too .125. This would be a great buying opportunity if you're looking to average down. There is a possibility we fall to the middle resistance (.130) get a Touch & Go then push through the upper resistance at .137! It...
If you take a look at the RSI we were actually being oversold as we rode along this resistance which is a Very Bullish indicator. To go along with that we broke above the downward trending line which also indicates we may see another push too .0054+ moving into mid Monday. If we do break below this resistance we could fall too .0043 or down too .0041, this would...
Since the 11th of Aug. we've been on the massive Uptrend & haven't slowed down yet. We have had some Wedge patterns develop which we have continued moving up, we have just now broke through the top of another wedge as well. If you take a look at the RSI there has been a Triple Bottom created over the past 7 days which also indicates we may continue too see this...
If we do see a large pullback we may fall too .35 which is a strong resistance. If we do end up falling to there it would be a great entry point if you're looking to average down or enter into the market for the first time. If you take a look at the RSI it's showing we were in a wedge pattern that created a nice Elliott's Wave with a breakout & now on a retest.