Theta: C&H
The cup and Handle pattern is completed. Wait for the breakout and retest of the neckline.
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The cup and Handle pattern is completed. Wait for the breakout and retest of the neckline.
Please hit LIKE if you find this idea useful!
🙈 Locally watching a falling wedge . Price tested it successfully. I will try to enter long with the goals indicated on the chart
Binance are masters of marketmaking and painting charts. They brought SXP to a nearly full retracement from its major run and have shaken as many people as possible out. As we approach new week starting from 21 September, we may expect - but not necessarily get - one last scam wick downwards to hunt for stoplosses and force utter capitulation of SXP holders before starting a full-scale reversal, possibly coinciding with weekly closure. Despite all the scary news and FUD, Binance and Swipe team still hold a large percentage of SXP coins and likely to keep charts perfect they will not allow decimation of the support floor currently found around 13200-13600 sats , in order to keep the overall long term upward trend intact. Full recovery seems plausible within 5 weeks. Further price action will depend on FA releases. Given the level of FUD against Binance and Swipe, it does seem likely like a coordinated campaign to shake out holders who forgot that barely a month ago Swipe was viewed as a Unicorn. If it's a Unicorn defi powering the largest crypto credit card by far (basically all binance customers), is it reasonable to assume it peaked at 350m USD? Is it also reasonable to forget CRO's marketcap is still 3.5b USD?
Shakeout perfectly executed. Reversal commencing around weekly closing/opening. Risk/reward is 1:4 within 1 month.
Checking back in on our trade of a buy on Bitcoin . We have had over 1000 pips in price movement in our favour. Its currently taking a rest stop at the .382 fib level. We can see its just rejected off my 17EMA. Two scenarios can come from here it actually uses this support to push up further, or its made a lower high from the previous bearish movement. Make sure you lock in some profits on this on and let it ride out. GLIYF
📉 ATOM previously continued forming a Head & Shoulders , now finally crossed the Neckline to downward. More to come