mikeUkTrading

mikeUkTrading

Is the GOLDEN CROSS only mater of time? Price achieved bullish break out of flag consolidation by far and it doesn't seems to be the fake this time. 200 MA is the last stand for bearish trend to define close time performance for this asset.

mikeUkTrading

I expect the price make a move towards lower trading range and build 3rd wave of accumulation ( wedge ). Same price behaviour can be seen on BTC chart.

mikeUkTrading

I expect price to start trading in the new trading range ( channel ).

mikeUkTrading

I'm currently waiting for bullish break out of the triangle formation.

mikeUkTrading

I'm waiting for re-entry if candle closes below 9 MA on 1D ATR.

mikeUkTrading

I'm currently waiting for candle closed above 9 MA on 1D ATR. This most likely would indicate beginning of recovery and rise of the price.

mikeUkTrading

To not break the down structure price gonna have to rise sharply from this point.

mikeUkTrading

Price comming closer & closer to it's trading range highs ( descending channel ) when the impulse wave is under the construction ( 1,2,3,4 , 5 )

mikeUkTrading

As the analysis shows I expect simple run up ( or beyond ) towards high of current trading range ( channel ), after price action broke out of GAN FAN.

mikeUkTrading

Bullish break out setup view.

mikeUkTrading Updated 

I wait for another wave to occure inside of the pull back. It may act as impulse wave to the price rise, I assume. Target $1550

mikeUkTrading

Price battling the way of of GAN FAN levels and stands on the edge of current correction channel.

mikeUkTrading

Price battles out the way of GAN FAN and misses last impulse wave before rise.

mikeUkTrading

Price rejects to leave the level so most likely remains inside until bullish break out.

mikeUkTrading

Price target $0.53

mikeUkTrading

In the assumption that bull flag uses the same channel edge angle as the last one The price seems to build bearish butterfly pattern, what would indicate another leg down to complete 3x bottom price point on $45 000. However if the top edge is broken the uptrend will continue.

mikeUkTrading

Two scenerios. 1# Price declines towards 100 MA. 2# Price rises coused by reversal wave.

mikeUkTrading

Price starts to bulid reverse H&S pattern. Once the wave is completed and the trend Iine remains unbroken i expect a rise towards new all time highs.