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What symbols does the trader recommend buying?
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Is this cycle based on a Macro Bull Flag chart pattern? What do you think?
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Looking at the Parabolic Curve Pattern and the chart of Solana, does the idea that Solana is just making Base Level 2 coming out of a cup and handle pattern make sense? Could the long term price target be in line with the two peaks from the prior cycle tops? What do you all think?
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Bullish Eth Diamond pattern is playing out. Short term gains right now. Looks like a good short term trade.
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Looks like a diamond pattern has emerged which is a bullish pattern in this scenario. Eth higher soon?
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What if it's all just a giant broadening wedge that will have a long time to climb back up to previous highs?
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Update to earlier idea... it hit the target which is the distance between the top/bottom of the opening of the symmetrical triangle. Next is to retrace and either set up a new range or keep breaking up.... i don't have a new target for this. will take some time to establish a new trading range.
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Hard to tell which way this will break... the MACD and RSI which are not shown here indicate it may break down for a short term... I'm long Shib overall... it has a long way to go to get back to a "good range" for me. "Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. The breakout or breakdown targets for a symmetrical triangle is equal to the distance between the initial high and low applied to the breakout or breakdown point."
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Looking at the chart from a larger perspective - is this year a giant bull flag, and we are at the tip of the waving flag which is tearing up and becoming tattered on the ends? Will we rise up out of the flag and ascend to the moon? Could be... but anything is possible... tomorrow could bring more fud... I'm long BTC and altcoins.... if it's a bull flag then things are looking about ready to pop.
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Looks like a diamond bottom pattern has formed. Will price breakout and go higher soon? See this link to learn more about Diamond Bottom Patterns. youtube.com/watch?v=L5UEuoomj7M
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Looks like there's a bullish divergence happening. Hopefully price retraces up and things turn back to being green more than less!
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