XZCBTC 4HXZC ; I think the last bottom levels in sales. Seems to be possible there are of the Wolfe & Adam-Eve patterns and the RSI divergence is about to occur and a nice double bottom is formed. I expect a volume break soon. Break a leg&Good Luck!
Adam
Double creux en Adam & Eve La figure en Adam & Eve est matérialisée par un creux étroit (Adam) suivi d'un large creux (Eve). il est conseillé d'attendre la confirmation de la cassure de ligne de cou (rectangle mauve) avant de prendre position. Il y a également une certaine probabilité que le marché réalise un throwback sur la ligne de cou après la cassure.
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IIPR Adam & Eve Pattern| Bull Flag| Bull Volume Needed!Hello Traders!
Today’s chart update will be on IIPR which has a potential bullish pattern playing out – an Adam and Ever reversal formation that will be confirmed by a break of structural resistance.
Points to consider,
- Bullish pattern coming to fruition
- Structural resistance to break
- EMA’s supporting price
- Stochastics in upper region
- RSI trending up
- Bull volume required
IIPR’s Adam and Eve will be confirmed by a break and a close above current structural resistance, price is now consolidating near this resistance in a potential bull flag, a hold of this level will mean a confirmed S/R flip.
EMA’s currently supporting price, needs to hold true when key levels are broken for a continued bullish bias.
Stochastics is trading in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. RSI as of now is respecting its uptrend, a break of its line will cool it off to neutral levels.
Bull volume needs to come true in this current bull flag otherwise this whole set up will be negated, we have notable bear volume as of now.
Overall, in my opinion, that chart will be confirmed bullish once structural resistance is broken with confirmed bull volume. IIPR does have bullish formations but are not confirmed as of yet.
What are your thoughts?
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And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee,
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Monero Prolonged Adam & EveMonero has broken out from a prolonged adam and eve setup. Simple chart. Simple trading pattern.
Adam and Eve pattern should put as near $8,600!Long story short, I expect us to make it all the way up to $8,600 based on the current Adam and Eve pattern, along with building bullish strength in the price action and volumes levels.
The price target is right at the upper end of a few of the upper price channels over the last 6 month, and right before we hit strong short term resistance.
I plan on taking 10 to 20 % profits depending on GBTC's premium at the time.
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