pedrogarrinhas

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR! I am not yet convinced that about this breakout. Awaiting for a confirmation whether this is a fakeout or a real breakout! In fact, if this is a simetrical triangle that broke down, the lack of volume does not confirm this break out! I believe that another possible structure would be a descending triangle. As the current candle close...

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR. XRP short term to compensate for the lack of action on the long term. XRP Pumps prior to the weekly close just to demonstrate how manipulated it is. :)

pedrogarrinhas

Not a financial advisor. LUNAUSD is forming a Adam And Eve pattern. If this pattern breaks the neckline, target would be close to 12$. Surely the top of the triangle (from the linked idea) is a possible target on the 1D.

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR!!! BTCUSD might be breaking out of a IHS having a target close to the 39k. This is a bit of a strange analysis as today is the monthly candle close that might say something different when compared with yesterday's weekly close which had a very bearish setup. Good luck!

pedrogarrinhas

NOT A FINANCIAL ADVISOR! As we saw from the previous linked idea, the BTC.D reacted to the support as expected. Since that idea, a RSI breakout occured, therefore I am expecting a further move up for the near future until RSI tops. In this idea, I want to compare with 2017 by using bar patterns and therefore this is a bit speculative. The RSI Breakout agrees...

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR!!! Not an Elon Musk fan nor do I hold DOGE! Even after this analysis and loving the chart I will not buy it! => this is just for fun! Very easy to manage risk at this position, just consider a drop below the trendline (1) as a stoploss. (4h candle close) Reasons to be bullish: 1) Holding upsloping trendline (1) 2) 19-23 May => RSI...

pedrogarrinhas

NOT A FINANCIAL ADVISOR! This is a bit speculative as there are not many touchpoints forming this triangle...therefore the title says "Potential..."! This chart shows 3 price actions ranges! In terms of risk management, the stop loss would be @ a candle close below the triangle lower trendline (support). The current downside would be around 80% to the lower...

pedrogarrinhas

Not a financial advisor. BTC.D is reaching historical lows. => I am not predicting any move here...just saying to be aware of these levels and possible change on market cycle! Still the 2 possible Scenarios: (it goes up or it goes down...right!) 1) Will BTC react at these supports? (Is Alt season about to end?) 2) Will it simply continue it's drop? (Is Alt...

pedrogarrinhas

NOT A FINANCIAL ADVISOR! Some interesting Technicals that I am currently looking at to maintain my bullish bias: 1) RSI daily support 2) Horizontal Support 3) MA-20 Support There is also interesting higher lows on the 4H chart and it was interesting to see yesterday the orderbook defending some of these positions. Today's orderbook is not looking as strong in...

pedrogarrinhas Updated 

Not a financial advisor! Price action reaching the resistance of the multi year falling wedge.

pedrogarrinhas Updated 

AS ALWAYS NOT A FINANCIAL ADVISOR! This is an update on the previous call linked below. There is at the moment, a possible Inverse head and shoulders under development. This is still not fully developed and it is possible a bit more of downside. NEVERTHELESS I am expecting that the target for this IHS will have a price target above ATH. This will represent a...

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR!! Do you see a cup and handle?? The neckline is a bit...inclined...but...I don't believe it invalidates the bullish formation. This would be a continuation to the upside with a target around the 70k. Again this is just for information only! :)

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR. CAKE had a triangle formation that is currently breaking out. Initial target below the 20. Secondary target below the 30. RSI looks good. GOOD LUCK

pedrogarrinhas Updated 

Not a financial advisor. If the price action channel is respected and the RSI support maintained... I would expect 2$+ ADA if the top of the channel is reached. Will keep a closer look above last high!

pedrogarrinhas Updated 

NOT A FINANCIAL ADVISOR! I have never seen a cup and handle on the RSI...amazing! Therefore I wanted to share it!

pedrogarrinhas Updated 

Not a financial advisor!!!! No fundamentals? Fine ... don't sell your house for it! Currently looking at a possible Cup and Handle. For this formation to succeed, it will require Doge to reverse in the near term. Support is represented by a rectangle (you can call it your stoploss) The neckline and the target is also on chart! RSI might breakout.

pedrogarrinhas Updated 

Not a financial advisor... Downtrend has been broken...you know what comes next! :)

pedrogarrinhas Updated 

Not a financial advisor. Again...XRPUSD...Due to SEC's lawsuit trade it at your own risk. For me, it looks like a Cup and Handle.