I just wanted to share my superimposition of 2018 , I think this is another great piece of evidence in conjunction with my last post (RSI cycle) that shows the first phase of a new bull-cycle.
Sorry it's been a while since I've posted a price update, I've started OPAL stakepool. We can finally confirm another takeoff with the completion of this right shoulder. The right shoulder may form above or below the current price range.
This is not a prediction. The completion of this shape depends on factors external to Cardano; Bitcoin. But it just keeps repeating itself.
What a perfect entry for XRP. I have 100% ADA as of May, but I'm watching XRP with great interest. I hope they win their legal case for all the credibility they deserve. If that happens, I anticipate we flip the neckline of the all-time here right away (above fib-extension).
Revision of older Diamond idea implying completion-to-support.
Thanks to @VincePrince , I've noticed error in my 'diamond' idea, and this decisive triangle rules it incorrect. Here we would be outside that "diamond-top", but we're now holding an Inherently bullish channel formation well. If you don't follow Vince already, I highly recommend his ideas!
2day. Can't ignore this shape but there's still potential for a break above. Break below can expect wicks through the orange fib area, to find support on the yellow downtrend. Always net bullish. Come Delegate to OPAL !
Looks like more downward pressure before our continuation out of this area. We should not worry at all, buy all you can:)
Two ways this can play out. 1. Breakout from yellow neckline. Long (more likely) 2. Break down below yellow neckline. short
Don't trade my ideas. I don't short this crypto investment. My Idea: An inverse H & S is the likely bullish scenario under this (purple) neckline. Bear scenario: ATH formed left shoulder to (purple) neckline head. Cardano pays interest, are you staking?
RED resistance to become support for this fib level.