There is a cluster of fibs around 3.3k sats on ICON. Bullish divs on oversold areas provide more confidence for a long set up at those price levels. Pitchfork channel support also (1.5) -got tilted on the published chart but its kinda visible on the pic below.
Detailed count:
Detailed count:
Note
It pierced through the target with an extention on the subwaves, next chance for long is at 30xx sats. The majority of the alts are positioned for a bounce, its just the typical capitulation on crypto markets.You can wait for your thick moku to get slimmer and go for a 10% profit or you can attempt to catch a knife and go for 40%, its just a matter of preference.
Note
Note
Almost there, pay attention to the orderbook.Note
If you paid attention to the orderbook, that was a +9%. Did your moku or CMF catch that? LOL!Note
Its impossible, untill it happens. Someone inform the "oracle" of this site.Note
This is a good area to take some profits and reload on a potential retracement later on.Same goes for ADA around 2.9k sats in case you are trading it.
Note
Note
Will be updating for targets here and on EOS since the chart is not that visible.Note
Watch for a potential bounce at those levels. Its right at the original target again and forming a doji on the daily.Note
Note
Its still holding on the second target of the retracement after this market sell off.Now, before you panic and start screaming 3k, think about this: as long as BTC is trading above ~6.5k (or even 6k) and this doesnt break the low, it can be your last chance to buy alts that cheap.
Trade closed: stop reached
Count is invalidated. Although it will bounce i have to re-label the whole thing.Have a look at this idea for a potential bounce on the crypto market.
Note
Cant find a count on the BTC pair but there was one on usd. Most likely the bottom is in, anything below invalidates the whole count cause it breaks the ATL.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.