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Fibon

LTO Long EntryLOT has recently had some good volume and price action leading to a great spike and retracement. It has fallen back to the .618 fibonacci level which is a common level to hold and start a long position at. I am bullish on this crypto because of the use cases, recent volume and good price action leading to this area. Alongside this the greater market has BTC ranging and the stock market due for a few green days. Adding 20% of total position in case this drops to the .7 fibonnaci where I will add another 20-40% depending on market conditions
by cheliosTD
1
Aesthetic and Volume Analysis Show Future Price Target of 420Here I am analyzing Tesla's downturn using geometry, volume, and trendlines. First, we have a major support line broken yesterday , after historically defending the price for 8 times successfully. Now, this is expected to turn eventually into a resistance as the price tries to jump back into the upper triangle. Since the last year, Tesla's price was forming one triangle after another, all leading the price higher. The triangles themselves are the value areas where most of the buying and selling takes place. The pumping between them --- that is jumping from one triangle to another -- is mainly buy and rather defenseless. So, since we are falling currently from the top triangle, we will arrive soon in the middle one, which settles around 420. The green spiral represents the positive force which started the trend from the beginning, while the red spiral represents the negative force which is bringing it down. Both converge at the target point of 420, which is also the origin of many other forces acting on the price to bring it there as can be seen. This vantage points of sort was chosen based on aesthetic analysis of the geometry in the graph, the symmetry, and the specialty of the point regarding the forces it emits and their effect on the historic prices. The volume profiling shows that the upper triangle is done for with massive selling , leaving the defense to the middle triangle, since the line in between is weak. The massive selling indicates a loss of trust in the endurance of the Tesla bubble, which was a cash cow for a while. Something similar is happening to BTC right now. The declining volume in the later days, as shown in the OBV indicator, is a good indicator that the price wouldn't go below 420. IN a way, this is the inefficient market cleaning up the inflated value of a company which is doing very well on the fundamental level, but was heavily inflated by the price dynamics. My forecast is that we would reach the 500s very soon and then the prices would swing in a downward triangle until it flattens at 420 in September.
CAPITALCOM:TSLAShort
by MontyMacht