This is my daily timeframe analysis, for context this is my LTF (Low Time Frame). I will be working with 3 time frames for my analysis, a LTF (Low Time Frame), an ITF (Intermediate Time Frame), and a HTF (High Time Frame). As stated earlier my LTF is Daily candles, my ITF is Weekly candles, and HTF Monthly candles. The HTF will be used to identify where we are in...
After the initial run up, a bear flag was formed, which broke downwards and looks to be attempting a bull flag. Stopped at the .236 fib retrace level.
Firstly, I'm in no position to teach anyone. The only reason i make this public is so hopefully more experienced traders can weigh in and hopefully help me if they would be so kind :). Anyways i won't really be able to describe it in a way that would really help most and i lack a lot of the verbage still, so on to what I'm seeing. On the chart you can see the...
Some patterns i'm seeing on the chart. A sloppy falling wedge, possibly currently forming a rising wedge which leads me to believe it price will not break the upper trend-line of the triangle. With price action forming a rising wedge, with the trendline there and a rejection already, i don't believe the wedge will complete but still gives the same signal with the...
Looks like a falling wedge on the daily timeframe, and we are approaching strong support level. Keep an eye on this one. Fundamentally it's an under-hyped project which could really become a big deal. Virtual land ownership in the first virtual city will be a hot commodity one day i believe.
Based on what im seeing in the charts, a nice ascending triangle, retesting the bottom trendline. If the trendline holds i expect a breakout to the upside. I also expect the trendline to hold. Upper timeframes starting to look pretty good.
Looks like a falling wedge with ARK, they are doing a lot of goo things on the fundamental front, so keep an eye on this one.
Bullish engulfing candle, should see similar movement to the other square.
This is zoomed in to the 5 minute timeframe, you can see the massive move upward with volume to match. This is important because of the overall trend we're seeing, since the longer timeframes suggest an uptrend is starting again this move is significant in confirming that view. When the volume goes up with the price this essentially means the people buying and...
Not much to say here, the trendline i drew a while back is holding and was tested twice. If this line holds i'd say we have more room to go. If it doesn't i dont think this rally is strong enough to make it past $10k.
We've got a few different scenarios that can play out in my mind, you can see them outlined in different colors. I think we go up from here and follow the green because there was a very strong bullish engulfing candle on the 5 minute chart which prompted me to make this update.
It's goinjg down for now, i think we could see it stop at the trendline i drew and continue the bullish trend but it looks like for the time being its moving opposite of bitcoin.
ETHBTC is well oversold and starting to come back i think this will be a great entry for a bull run coming.
We've got a trendline that has contained upward movements converging with a lower trendline that has stopped downward moves. One or both of these trendlines will break, should give us more idea of price direction.
Cardano looks to be in a short term down trend to compelte the wave still shows a lot of upside potential long term.
Looks like we might be seeing a smaller inverted Head and Shoulders pattern.
The wave to the left is what we are fighting up against so measure success accordingly.
Seeing the same thing we've seen twice already i think, i think we see 7600 at least most likely 7800, but we will see how strong the rally is.