@veryfid made this post in 2021, showing support and resistance indicated by a pitchfan: Interestingly, when you add more lines to the fan, it still "works". Just thought this was an interesting thing to share.
As noted in the chart, we there is a nice little 3 tap setup that I'd expect ~5% from. If it closes above the Fib by closing daily above, there even is significantly more upside available.
Ocean closed 4h above a significant level at ~0.18 on volume and and higher-tf momentum/volatility look like an upward move is more likely than not.
Volatility is extremely low, the stochs got a nice upward curvature and wavetrend is in the middle of moving up as well. A nice bounce to a Fib level up to the .618 seems likely.
With LOOKS being a rather new asset, the 4h chart seems to be the most high term timeframe that's sensibly usable, so that's what I'm basing this off of: Momentum: Multiple drives bullish divergence on wave trend and RSI Stochs have curved upward from lows and stand erect Volatility: Volatility extremely low Trend Multiple higher highs and...
Volatility is at extreme levels, so a local bottom is likely to be close. Momentum indicators on the daily will start turning up if it holds its current range. If Bitcoin bounces, then AOA is likely to reach the .385. If it closes above it and thereby breaks upward of the last low, it might even go on to the .618. Otherwise, a bullish scenario would be if it is...
On the daily, we have multiple positive signs for an upward reversal: * Various oscillators confirmed bullish divergence * Very low volatility levels, pointing to the potential for a strong move * Higher low will confirm trend if price doesn't break down to support again The chart is rather young, but all in all, I think it's not misplaced to be talking about a...
Momentum, wave trend, RSI are starting to point upwards again. Trend is showing positive signs as well with a higher low. I'm cautiously optimistic about FTM's consolidation being done now. Let's see what happens with BTC's weekly close in ~45 minutes :D.
Closing a 2h-4h candle above the 55-day EMA at roughly 3000 would likely lead to a test of the PRZ at 3350. Closing another candle above 3350 could mean a breakout to the next resistance level (in red).
Enjin just pumped up to the resistance level right up to the end of the handle. Retesting on lower timeframes atm.
C98 is hitting the wedge's resistance line after shooting up and then dipping below it again during the recent bitcoin dip. If Bitcoing doesn't dip again in the coming 1-2 days, I expect a breakout.
Looks to either straight up go to new ATH or bounce at around 2.18 before breaking upward.
STARSUSD is really new, so there's not a huge degree of TA that's possible. What is clear, however: There is a local high (1h-4h) There was a very bouncy bounce on some candles The price action has been bullish as f since its start and I don't see anything that makes me thing it's not going to continue for at least another leg up This leads me to the...
ONE already broke through the cup and handle, but is likely to retest at least one of these levels as support. Buy zones: a) Hitting lower bound of channel b) Retest of support level of the big cup and handle from May
Looks to be breaking out of the wedge soon as it gets wedged into the fib retracement level.
FET has yet to break out in the alt runs of the recent days and looks to get going rather soon. As an aside: When FET breaks out, it breaks out like a mfer. Buy zones: a) Support above 0.69 Gann (hid the Gann levels for better chart clarity) b) Retest hitting volume-heavy POC
After a recent explosive rise, Badger has been declining since BTC's correction some days ago. Money flow and RSI seem to indicate that this current lower timeframe support level might turn out to become the bottom before the next move up.
Two important indicators exhibit noticeable similarities to the point in time just before the previous pump got going: 1. Big market cipher wave beginning to flow upward. 2. ATR came down to basically the exact same value as it was before the pump. Looking at the situation as a whole, I expect the price to travel down a bit further before then making a strong...