CUBEUSD
CUBE Somnium Space Cubes Upside Coming?Hello friends, today you can review the technical analysis on the 4H linear scale chart for Somnium Space Cubes ( CUBEUSD ), an altcoin cryptocurrency.
#CryptoPickk noted in the chart:
1) The Somnium Space Cubes price has been in a Triangle Pattern since early November 2021. The price broken down from the Triangle during the recent crypto crash, but with a Double Bottom pattern, the price is making an attempting to get back into the triangle and move upwards.
2) There is also a Rising Broadening Wedge Pattern also noted with the red line forming within the triangle pattern.
3) Taking the Fibonacci Extension from the last high to the last low, the 1.618 level (Golden Ratio) is at $27-$28, which would be the estimated target price.
4) There are two checkpoint areas where a re-test may need to occur around the 0.5 Fib Level at $17.50-$18 and another one around the 0.786 Fib Level at $20-$20.25. Having a re-test of the triangle will help strengthen the price movement upwards.
5) The RSI ( relative strength index ) has a resistance trendline (in orange color) which it may need to break for a nice pump upwards.
6) The Volume is picking up but still low, so if a pump may be coming, keep an eye on the Volume.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$ALICE in Wonderland or should I say the #MetaVerse?If you follow cryptocurrencies at all... you know the #MetaVerse is getting it done! $ALICE is a low liquidity coin and IMO has the ability to double or triple still from here? Only time will tell what lies ahead in the MetaVerse but at least you know that there are a lot of coins like $ALICE competing for your money!
CUBE Somnium Space Cubes Price ActionHello friends, today you can review the technical analysis on the 4H linear scale chart for Somnium Space Cubes ( CUBEUSD ), an altcoin cryptocurrency.
#CryptoPickk noted in the chart:
1) The Somnium Space Cubes price has been in a triangle pattern since early November 2021. The price is approaching the apex of the triangle pattern.
2) There is also a rising broadening wedge pattern also noted with the red line forming within the triangle pattern.
3) The price has the potential to re-test the bottom of the trendline which meets the 0.236 Fibonacci Retracement level before a nice move upwards. Keep an eye on the $17-$18 range.
4) The RSI (relative strength index) has been supported by a bottom trendline and has potential to re-test it again. This is outlined with the red circle on the RSI chart.
5) The Stochastic RSI (Stoch RSI) is hovering in the overbought region but based on prior trends, it may complete a double top before going back down. However it has potential to go straight down as well, which would bring the price down accordingly.
6) The Volume is low, which may be the reason why a sizable move is coming soon.
7) If the price breaks up out of the triangle pattern, keep an eye on the re-test around the $21-$22 range (where the 0.618 Fib level is) before moving higher.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
MY MINIMALIST ANALYSIS FOR SOMNIUM SPACE CUBE$CUBE
11.10.21
1313H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
LOOKING FOR THE NEXT BEST ENTRY
The Market has amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION.
THOSE WHO FOLLOWED THE ENTRY of SWING 2, WE ARE ON OUR WAY TO THE NEXT EXIT!
Congratulating all those who have climbed the SWING together with me.
The BULL SEASON for CRYPTOS is dictated by the BULLISH STRENGTH OF Primarily BITCOIN and then ETHEREUM. We still have more room for the UPSIDE.
Happy Trading!
REMINDER:
INDICATED ARE ENTRIES, PARTIAL EXITS/TOP-UPS, EXITS, and MAXIMIZED AREAS OF VALUE
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
HOW TO USE THIS MINIMALIST CHART
Created on a MONTHLY, WEEKLY & DAILY Analysis (The Dynamics of the Market.)
It is designed for SWING TRADES at the BOTTOM. I do not SHORT, though, you can still use it.
You can CLICK AND hold THE CHART and PAN or DRAG IT.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR pivot points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR pivot points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS,
and, if you wish to hold longer for a MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
At times I include WAY BEYOND PARABOLIC Price TARGETS depending on The Character of the Market (CRYPTOS ONLY).
Watch out for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to Share.
Vive Le Autist!
Vive Le Egalitarianism!