FishMunga

FishMunga Updated 

Could this strange confluence of trend lines finally be the bottom for ICP? I felt that surely my trend line drawn from the low of the coinbase opening range on May 10th would be the end - my last possible level of resistance drawn, yet it's teetering on the bring of failure at this point as well, with a double bottom on the hourly. Despite its' obvious...

FishMunga Updated 

We can say it's not, but it is... After BTC's big flush on May 19th it found support, just below $30K, off the double-bottom of Jan 21st and Jan 22nd. That left me wondering if a 'Head and Shoulders' pattern would form on the daily. On May 23rd I drew an ascending support line (purple), connecting the lows of the 19th and 23rd, all the way up to the 42K mark -...

FishMunga Updated 

After BTC's big flush on May 19th it found support, just below 40K, off the double-bottom of Jan 21st and Jan 22nd. That left me wondering if a 'Head and Shoulders' pattern would form on the daily. On May 23rd I drew an ascending support line (purple) all the way up to the 42K mark - matching the left shoulder high of Jan 8th. Indeed, this ascending line,...