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This is a Bearish perspective.Some might see a bull flag IF this price action plays out like this, however, it's possible that we could see lower lows in the form of a "Bart Simpson" pattern.Complete Speculation, but saving this idea in case the scenario plays out.

This structure looks like a cup and handle to me. I've indicated a key level of support and resistance with the blue lines.Here are some tips for identifying a Cup & Handle pattern:Cup Formation: The pattern starts with a rounded bottom (the "cup") that resembles a "U" shape on the stock chart. The left side of the cup shows a downtrend followed by a gradual bottoming out. The right side of the cup shows a gradual uptrend, forming the other half of the "U" shape.Handle Formation: After the cup formation, there is a slight downward movement in the stock price, creating a smaller dip known as the "handle." The handle is usually shorter in duration compared to the cup and has a downward-sloping or sideways trend.Volume: Volume tends to decrease during the formation of the handle, indicating a temporary decrease in trading activity.Breakout: The pattern is considered complete when the stock price breaks out above the resistance level formed by the top of the cup (often called the "lip"). This breakout is typically accompanied by an increase in volume, signaling potential bullish momentum.To confirm a cup and handle pattern, traders often look for these characteristics and use technical indicators such as moving averages, relative strength index (RSI), and volume analysis. It's important to note that not all cup and handle patterns lead to significant price movements, so traders often combine pattern recognition with other analysis techniques for better decision-making.Learn more about TURBO here => turbotoken.io/

Do I see a triangle continuation pattern forming? (in red)I say speculative view in the title of this Idea because none of the patterns I think I see have completed yet. As a trader, you have a higher probability of trading after validation/confirmation of patterns rather than anticipating their completion. But it's fun to speculate sometimes : )We could expect price to continue upwards if this turns out to be a Symmetrical or Ascending Triangle pattern.Because this potential triangle pattern is following a price increase, this could be a Bullish Pennant. If so, the first price target would be the height of the triangle (blue lines), the 2nd price target would be the height/distance of the black lines.I've placed 4 purple lines indicating where I'd take profits.I could also see an un-completed Elliott wave (3) forming. I'll follow up in a few weeks to see how price action progresses.I shouldn't have attempted to draw a channel on a higher time frame with such little data. Charting is Learning.

ETH has been wicking into the $13-15 range repeatedly. It's knocking on the door, and I feel like it's just a matter of time before that door opens, support is lost, and the price tanks.I'm not entirely sure where the next level of support is however. I will keep an eye on this one and update as things materialize.Update: wowzers. nearly 2x since posting.

Merge was uneventful, which was positive, however I see ETH taking a dump, along with the rest of the crypto space.

Calculated based on percentage moves on previous price action.that region acted as resistance. would not be surprised to see pa go down to the bottom of the parallel channelPrice action pushing against the top of this box I've drawn. Would not be surprised to see pa break to the upside from this .60 to .66 level

I'm short now. Despite Fisher Transform only being at 1 standard deviation. I think there will be a shake out before the breakout.June 13th - perfection

As a NEAR holder I hope this doesn't play out, but I've charted what I consider to be a "worst case scenario" and I'll ask myself, if this happened, how would I play it?NEAR is a simple, scalable, and secure blockchain platform designed to provide the best possible experience for developers and users, which is necessary to bridge the gap to mainstream adoption of decentralized applications. NEAR is completely carbon neutral as certified by South Pole.Unlike other blockchains, this network has been built from the ground up to be the easiest in the world for both developers and their end-users while still providing the scalability necessary to serve those users. Specifically, NEAR is designed to make it easier to: Build decentralized applications, even if you're only used to building with "traditional" web or app concepts. Onboard users with a smooth experience, even if they have never used crypto, tokens, keys, wallets, or other blockchain artifacts. Scale your application seamlessly - the underlying platform automatically expands capacity via sharding without additional costs or effort on your part.I'm watching to see how price action interacts with that lower support/resistance level I charted. (lower green line)

Let's see if the Elliott Count on the TF will be followed by an ABC.