the simplest way we could see the DOGEthe next level of Fibo that could reach is $0.6 and $1.5. it seems early to breakout the roof of descending channel and needs rest in this channel.
MEME
Butterfly reversal scenario with $215 target on the 3rd wavein the last post, I had about AMC I showed you we are on the 3rd wave of Elliott and the target could be $215. if this target is true it could have a butterfly reversal scenario. with this target and butterfly harmonic pattern I have calculated the 4th wave and the 5th wave of Elliott and the ABC correction. you could see the targets in the chart.
Bullish Elliot Wave SUPERCYCLESo based on my previous post we broke down below 0.25 and literally plummeted to 0.14, as bearish as this sounds it has created a possible Bullish Elliot wave Supercycle scenario.
From the chart, we now have a completed wave 1-2-3-4-5-A-B-C in blue and have the makings of a larger wave pattern in yellow with waves 1 & 2 complete.
Wave 3 will be triggered if we can break and hold above 0.3
Wave 3 is the largest wave in the cycle and proportional to waves 1 & 2 for scale taking us potentially to 1.00 and beyond.
Wishing the bulls luck here.
No Mans LandThe symmetrical triangle is now invalidated due to the break below the yellow dotted line and we find ourselves in a descending triangle in the context of an uptrend (solid yellow line horizontal blue line).
Strong Blue line support @ 0.255.
The previous symmetrical triangles' lower trendline (Yellow dashed) is now acting as resistance.
So what does this all mean:
Bullish Case:
We breakout over the solid yellow line and move much higher where the dashed yellow line acts as a temporary pause. Based on the chart this could take up to May 7th to play out.
Bearish Case:
We break down and hold below 0.25, which would be very bearish as the next level of support below that is at 0.18.
Some observations:
The pace of the down move over the last 2 days has slowed as compared to the initial descent from 0.42 which is slightly bullish, however, there is some extremely unusual trading activity between 0.3 to 0.32 (heavy selling and buying)
Fingers crossed, let me know your thoughts and observations!
the targets of $Plug with harmonic patternsXABC is a butterfly harmonic pattern:
AB=0.78 XA
BC=0.38 AB
tp1=1.6 BC=$62 *reached*
tp2=1.27 XA=$134
tp3=2.24 BC=$325
other targets with X345 cypher or shark possibility:
tp4=1.13 3-4=$94
tp5=1.41 3-4=$155 *more likely*
tp6=1.6 3-4=$220
since other targets of butterfly are higher than $75 the price zone of could not be dangerous, but be careful at this price zone.
correction from $24 to $10 was the 4th wave?recently I was extremely bearish on MVIS but I changed my mind.
XABC shark harmonic pattern:
AB=0.38 XA
BC=2.24 AB *invalid*
tp1=0.78 XA=$20 *reached*
tp2=0.88 XA=$29
tp3=1.6 BC=1.42 3-4=$34 *cypher reversal possibility*
tp4=1.13 XA=$76
tp5=2.24 BC=$248
AMC is bullish on the 3rd wave of Elliottlet's talk about what we have now not what we will have. the 1st wave of Elliott broke down descending channel and 2nd wave pullback to it so we are on the 3rd wave of Elliott but what is the target. we have a butterfly that gives $43:
AB=0.78 XA
BC=0.88 AB
CD=1.6 BC= 1.27 XA=$18 *reached*
or
CD=2.24 BC=$43
since we had a strong wave on the 1st wave I believe the target must be higher. the target of Fib channel of the whole chart is $215
a pop to $40 and then sinking!butterfly harmonic pattern:
(4)=0.78 (3)
(5)=0.88 (4)=$39
(A)=1.6 (5)=1.27 (3)=$14
(B)=0.38 (A)=$20
(C)=2.24 (5)=$8.5
calculation of targets of the unpredictable stock!crab harmonic targets:
AB=0.38 XA
BC=0.88 AB
tp1=2.6 BC=$32
tp2=3.6 BC=$160
tp3=1.6 XA=$750
other possible targets:
tp4=0.88 AB=$2 *reached*
tp5=1.6 BC=$6.7
tp6=0.88 XA=$24
tp7=1.13 XA=$76
tp8=1.41 XA=$280
I'm not sure the 5th wave is starting or the 3rd wave!cypher targets:
AB=0.38 XA
BC=1.42 AB
tp1=1.27 BC=$2.3 *reached
tp2=0.78 XA=$4 *reached*
tp3=2 BC=$11
other possible targets:
tp4=0.88 XA=1.6 BC=$5.5
tp5=2.24 BC=$20
tp6=1.6 XA=2.6 BC=$47
I wouldn't sell till see a reversal harmonic pattern.
Clov is a crab!crab harmonic pattern:
AB=0.38 XA
BC=0.88 AB
CD=2.6 BC=$14
or
CD=3.6 BC=$18.5
or
CD=1.6 XA=$29
DOGE still hungryDOGEcoin 🐕 is getting ready to break up this triangle , and if successful I think there is chance for run to 0.517 and even higher.🦴
ENTRY : local high @ 0.331
SL : local low @ 0.280
TARGET : height of the triangle projected from midpoint of the local range (BUY STOP-LMIT - SL) @ 0.517
RRR : 3.65
INVALIDATION : when SL level hit
Like👍 & Enjoy🍿!
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$DOGE to $1 for the memes, for financial freedom. fib levels, repeated fib channels for fun, parabolic steps.
Cardano on the way of 3rd wave of Elliottafter breaking the descending trend Cardano could continue the 3rd wave till $5.5 with two resistances on the way.
tp1=2.6 C=$1.77
tp2=1.6 A=$2
tp3=2 A=$5.5
from $2.8 to $250we have a Gartley harmonic pattern of the 2nd wave of Elliott with three targets:
tp1=$4.6
tp2=$3.6
tp3=$2.8 *more likely because the 2nd wave could form butterfly pattern with ABC and the 1st wave with $250 target*
Fubo could have a positive reaction to 55 day moving averageI've been hoping that Fubo remains above the 99 days moving average and doesn't get bearish cause I saw Fubo for the first look a bat but today I see a crab!
crab harmonic pattern:
CD=1.6 XA=$6.7
or
CD=2.6 BC=$5
or
CD=3.6 BC=$2
I see the left-wing of the butterfly!37$ could be the end of the 4th wave of Elliott.
butterfly harmonic pattern:
AB=0.78 XA=$37
BC=0.88 XA=$90
CD=1.6 BC=$20
