Danger of a bigger dump on CHILLGUY
Updated
After reaching the 1st target to 0.69 based on my previous idea, I've noticed that the chillguy was not so chill anymore and it seems that a huge dump is coming.
this could quick turn around as this token is highly volatile.
The move upwards seems to have been in a larger ABC pattern instead of a pumping 5 wave up (please feel free to share your thoughts if you see it otherwise, happy to collaborate and expand knowledge).
NOTE: you can see the yellow ABC wave up and fibs to the left.
I'm seeing a big 5 waves down as we are moving to the December dump before Xmas pump and smart money might move into lower cap memes, or utility coins.
There must be a solid reaction on .618, or else there is a higher risk for a retrace at .786 - .886 range support.
Notice that chillguy now is under heavy manipulation so big candles moving both ways to liquidate both shorters and longers. Be vigilant and only consider using very low leverage or spot trading. NFA!
This is only an idea and I could be wrong, I could be right... we're all floating aimlessly in the macro cosmos of this beautiful universe. This is all a game withing a dream.
Stay safe and healthy!
Sawabona!
this could quick turn around as this token is highly volatile.
The move upwards seems to have been in a larger ABC pattern instead of a pumping 5 wave up (please feel free to share your thoughts if you see it otherwise, happy to collaborate and expand knowledge).
NOTE: you can see the yellow ABC wave up and fibs to the left.
I'm seeing a big 5 waves down as we are moving to the December dump before Xmas pump and smart money might move into lower cap memes, or utility coins.
There must be a solid reaction on .618, or else there is a higher risk for a retrace at .786 - .886 range support.
Notice that chillguy now is under heavy manipulation so big candles moving both ways to liquidate both shorters and longers. Be vigilant and only consider using very low leverage or spot trading. NFA!
This is only an idea and I could be wrong, I could be right... we're all floating aimlessly in the macro cosmos of this beautiful universe. This is all a game withing a dream.
Stay safe and healthy!
Sawabona!
Trade closed: target reached
Price reached the retracement range between .618 - .886
Currently on accumulation zone for the next leg up. It could go further down (see BOME, SLERF, PNUT cases after their first billion mcap run)
I'll share a new idea w my thoughts.
I'm not actively trading and closed my short a few days ago.
Only sharing as my personal thoughts and none of this is financial advice. I'm not holding any position on chillguy at the moment as there are other ones that might be more attractive.
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