lukeyhwh

lukeyhwh Dec 10, 2024

Big sell off to scare people out of the market. It will likely move higher to 70c and then to 90c. Big long term triangle. A crypto that is already being used in multiple real life, renewable energy projects in Australia and India. Trading renewable energy instead of buying power from the grid is a realistic future.

lukeyhwh Nov 22, 2024

Powerledger is one of the few crypto currencies with huge potential. Rather than just being a community meme coin, it has already established itself in the renewables sector - a billion dollar, real-world industry. This means it could be a fantastic investment option with stable, long term growth. From a Technical Analysis viewpoint, the chart is also looking...

lukeyhwh Dec 11, 2023

Algo will likely retrace lower, if we close below the previous large bullish candle. Looking at the weekly RSI, we see Algo had pulled back at the same level on the first wave of its last bull cycle a few years ago. We have also not closed any significant bullish candles on the lower time frames as of yet, to reclaim the recent large sell off candle. Despite...

lukeyhwh Nov 25, 2023

We broke above the resistance line of the larger bull flag. My previous trade idea of a small bear flag within this pattern became invalid after this breakout. Any losses going against a trend or pattern can be made back by reversing your position once your previous trade idea becomes invalid.

lukeyhwh Nov 24, 2023

It appears we are forming a bear flag and the measured move can be seen down to the 0.10c area.

lukeyhwh Nov 23, 2023

I believe price will retrace according to the red arrow. We had a triple top after a decent run up. Now we distribute and move back down to a strong liquidity zone before heading back up

lukeyhwh Sep 28, 2023

This is the small time frame fractal I observe playing out on the daily chart. A break out to the upside of this pattern on the smaller time frame could carry over to the higher time frames.

lukeyhwh Sep 28, 2023

Based on a current 3m chart analysis and comparing it to the daily chart, I have spotted a potential fractal pattern that may indicate a reversal is on its way on the daily chart. Looking at the 3 minute chart over the past 2 days, I see an identical fractal pattern, as indicated by my blue squiggles. I encourage you to analyse the 3 minute chart on the 2 most...

lukeyhwh Sep 13, 2023

We see a rising wedge pattern and lack of liquidity. BTC will head lower after falling out of the rising wedge. The lines I've drawn show where the price will drop. Price could drop further, but I speculate we will reaccumilate back down at the bottom of the wedge.

lukeyhwh Sep 11, 2023

Downside is continuing. I have not seen any strength or signs of bullishness in ALGOUSDT as of yet, and have not been trading at all. I am expecting more down side as the recent trading ranges have collected all liquidity and there is now a lack of liquidity to move price higher. Capitulating to the downside will allow new buyers to enter the market and allow...

lukeyhwh Aug 22, 2023

ADAUSDT In my opinion the chart looks bearish. No signs of bullishness. We had a small pump last month to bring in buyers. We now see this move being sold in to. We have not seen any real solid bullish signals. Looking at chart history, we could move down to previous resistance points. The yellow lines represent a fractal pattern found in certain other charts and...

lukeyhwh Jul 20, 2023

In this idea, I have spotted a fractal occuring that is identical to the ADAUSDT daily chart. This fractal indicates we have a large incoming crash in the short term for ALGOUSDT. I will not be entering any trade until after the incoming crash. The markets are weak at the moment and with many retail traders thinking the market has turned bullish, many buyers will...

lukeyhwh Jul 17, 2023

Hi Guys, thanks for checking out my idea. I think if we fail to break above the previous high, we could see a potential trap situation. We could head down and do another liquidity sweep before we push up and make a new high and the bigger time frames. Remember we are still in a major long term downtrend and could still see a bit more consoli in the current range...

lukeyhwh Jul 16, 2023

I am looking for a sweep below the current liquidity zone down into the OB. Since we have have sweeped the current liquidity zone for the past couple of days, this indicates that the recent order block will provide significant support and enable us to gather momentum and push up to the upper previous inefficient liquidity zones, resulting in some nice gains.

lukeyhwh Jul 15, 2023

We are still in a massive downtrend and have recently made a lower low and could be now forming a lower higher. Many traders a getting induced to blindly go long based on the basis of the recent large "bullish" pump. However there has not been any confirmation of trend change. It would not surprise me to see retail traders go into draw down as they try to front...

lukeyhwh Jul 13, 2023

ETHUSDT, Heading back down to previous demand zone seems likely.

lukeyhwh Jul 10, 2023

We are struggling to hold support and are still below the current support line. We have done a full retrace of the most recent pump and failed to move price higher. I suspect we are headed for one final 25% dump before we actually see any real bullish momentum. Many people are starting to load up their bags of crypto thinking the bull market is in. I think those...

lukeyhwh Jul 9, 2023

In this idea, I ask the question of whether or not ADA still has the possibility of more downside. We see previous trading ranges of interest highlighted in the boxes. We see that the red boxes highlight the fact that we have not made a higher high or higher low as of yet. We do see some bullish divergence on the RSI, but in my opinion this hasn't been confirmed....