Possible that we are seeing a "W" formation, aka., "Gartley", and or "Butterfly"
This isn't confirmed yet, and we want 'to see some closes above the $7 mark to even confirm this.
However, if this plays out as the pattern mentioned, then we will search a bearish momentum over take the coin.
That means, usually upon the exit of this pattern, the price goes down. I've highlighted a potential support box for when that time comes.
Until then, we are still expecting a rise higher up hopefully. The second bounce as mentioned in the previous ideas and this chart wasn't the strongest bounce up, so the strength right now is weak, and it may possible just continue sideways.
Previous chart:
This isn't confirmed yet, and we want 'to see some closes above the $7 mark to even confirm this.
However, if this plays out as the pattern mentioned, then we will search a bearish momentum over take the coin.
That means, usually upon the exit of this pattern, the price goes down. I've highlighted a potential support box for when that time comes.
Until then, we are still expecting a rise higher up hopefully. The second bounce as mentioned in the previous ideas and this chart wasn't the strongest bounce up, so the strength right now is weak, and it may possible just continue sideways.
Previous chart:
Nota
Target one hit.Downwards movement coming to $6.2
Nota
Support zone hit Way earlier than expected
Nota
We are now bullish long term.Nota
cup and handle very bullish if it breaks the top of the cup line
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.