Fibb
RVNUSD deep retrace, ready or not?RVN recovered momentum candle for 3/4, or more.
Currently at the deep retrace on Fibb's
Will it bounce now, or dump to lower numbers.
It already lost 93% from ATH, but we have seen worse scenarios, its not the end.
My opinion: It didnt accumulate in this low area to long and might play between two lowest fibbs few months, or skyrocket to GP.
$CNS still has alot of growth! About CNS Token:
Centric is an innovative dual-token digital currency and decentralized blockchain protocol built on sound economics. The dual-token model rewards adoption with a fixed hourly yield, and stabilizes over time as it self-regulates token supply to meet ongoing changes in demand
Follow up from previous TA link:
4 Hourly Chart is used as breakout successfully achieved from previous TA.
Trend-based patterns (The WHAT):
1st Low: 1st April 2021 – 0.0013 (start of breakout, uptrend)
1st High: 3rd April 2021 – 0.0039 (185.5% increase in 2 days 8 hours, peak)
2nd Low: 5th April 2021 – 0.0026 (-32.74% increase in 2 days)
Market Cipher is used for giving confirmation signals.
Market Cipher (The HOW):
1) Momentum wave:
2nd April 2021: 1st green dot on momentum upper wave based on daily chart was on 2nd April 2021, in between 2 red dots. This shows price action was supposed to go higher but did not as per follow up red dot which means selling pressure was more than buying pressure. The momentum wave is also on the overbought zone, signifying selling pressure was more than buying pressure.
6th April 2021: 2nd green dot on momentum upper wave based on daily chart was on 6th April 2021, follow up with a red dot on the same day 8 hours apart. This shows price action was supposed to go higher but did not as per follow up red dot which means selling pressure was more than buying pressure.
Selling pressure was more than buying pressure can be confirmed with additional check to red candles with bottom wicks and narrow body on both dates.
2) Wolf Pack ID
Wolf Pack ID measures trend strength, which is to be applied AFTER we are done analysing momentum wave.
2nd April 2021: Wolf Pack ID was quite high, indicating strong trends for the upcoming 4 hour candle bars.
6th April 2021: Wolf Pack ID was better than average, indicating weak trends for the upcoming 4 hour candle bars.
7th April 2021 00:00 (UTC +8): Wolf Pack seems to crossing from red to green, indicating strong trend for the upcoming 4 hour candle bars.
3) Gann Fan and Fib Retracement
X-Y coordinates between vertical line and horizontal line from the top of 1st April 2021 and draw Gann fan on a 45 angle
X-Y coordinates between vertical line and horizontal line from the bottom of 1st April 2021, draw Gann fan on a 45 angle.
4) Price Predictions:
Gann Fan identified key resistance and support levels as per white diagonal lines. 0.0028300 at 6th April 2021 will be used as reference.
White diagonal line uptrend shows possible bullish price actions in blue. Note on the dates referenced from today 7th April 2021 00:00 (UTC +8)
I. 8th April 2021 – 0.0034
II. 10th April 2021 – 0.0039
III. 16th April 2021 – 0.055
White diagonal line downtrend shows possible bearish price actions in red. Note on the dates referenced from today 7th April 2021 00:00 (UTC +8).
I. 11th April 2021 – 0.0019
II. 14th April 2021 – 0.0013
SPX Setup Rebound to 3500 area.US500 - Short term - We look to Buy a break of 3469 (stop at 3455)
We are trading at oversold extremes. Prices have reacted from 3442. Bespoke resistance is located at 3469. A break of 3469 is needed to confirm follow through bullish momentum. We have a 61.8% Fibonacci pullback level of 3509 from 3550 to 3442. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 3509 and 3520
Resistance: 3469 / 3496 / 3509
Support: 3465 / 3460 / 3455
USDJPY will pprice respect the .5 or .618 fibb? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
USDJPY Will price break below support? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
AUDCAD Price just hit fibb level! This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
USDCHF Has price finished pulling back? This is a full breakdown of my perception of Price action on higher time frames! I take my entries using smaller time frame confirmation and you should too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Good Luck!!!!!!!!!!!
GOLD - Elliot experts thoughts?!I need your advice on this particular prediction.
Currently in a stage of learning/practicing Elliot Waves.
Therefore, do not copy me!
It's just an idea of mine.
However, everyone can share their own thoughts in the comment section below.
Also, don't forget to support me! :)
VEN/BTC Short-term wavecount (potential 7:1 trade)Hey my dudes, here's my take on the current VEN/BTC situation, I love this project and I'm definitely long on this one and it's looking like the stars are lining up for this. Here's the very short-term idea I have and I'll post a bigger picture if this one is correct.
BTC/USD will go up soon?!BTC did a dead cat bounce on ema150 (same level with a little support at 9910 and same level with level 0.786fibb) then did another dead cat bounce on ema 200. Looks like btc is going down to around 7950 on level 1fibb where is a nice support. On RSI it looks like it's going oversold soon... so will btc make another dead cat bounce and beat the support at 7950 to go down further or will it bounce back up to around 10k? we'll see..