Ambassadorj

Ambassadorj

As above. Interesting inverse correlation of LUMBER prices with IOTXUSD .... When LUMBER prices drop to local low/bottom, IOTX seems to spike higher shortly after that. Maximum bull run on IOTX happens soon after the crossover as LUMBER price action is on a major downswing and IOTX price action is on the up swing. Looks like this scenario might be playing out...

Ambassadorj

As above. Interesting inverse correlation of LUMBER prices with IOTXUSD.... When LUMBER prices drop to local low/bottom, IOTX seems to spike shortly after that. Maximum bull run on IOTX happens soon after the crossover as LUMBER price action is on a major downswing and IOTX price action is on the up swing. Looks like this scenario might be playing out right...

Ambassadorj Updated 

Would not be surprised if we see 37K in the very near term then who knows...rejection and down to 34K again? We do have some very concerning RSI divergence on the higher 1W and 1M charts and proceed with caution! Just need a good old trigger to start that crash (e.g. 2009 style). Good luck traders!

Ambassadorj Updated 

As above. A little unbelievable. Had a bounce off of the bottom ascending channel trend line at 33K and just broke out at 36K. Poised to touch top of ascending trendline at 40K? Whatcha ya think?? Good luck traders!

Ambassadorj Updated 

Hahahahahahahahahahahahahahahah! Mike Novogratz you sooooooooooo smart.

Ambassadorj Updated 

As above? Anybody else see this dip to 17% in their charts??

Ambassadorj

As above. Bearish RSI divergence continues on weakly chart and topped out locally at 37K. Trading in what appears to be an ascending broadening wedge. If breaks 34-33K support level look to around June 2022 for possible large dip to below 30K? Good luck traders!

Ambassadorj

As above. Early 2022 going be continued bear market likely with impending MACD cross over on the monthly chart. Will keep watching. May be good for ALTs. Good luck traders!

Ambassadorj Updated 

As above. At 0.786 Fib level of support from local ATH. Still in overall price down trend like rest of ALT market but looks like some MACD bullish divergence forming on 4H. Watch for crossing of 50 and 350 Hull MA (area of interest outlined in red circle above), Madrid Ribbon crossing into green again, and MACD crossing into positive territory for possible...

Ambassadorj Updated 

As above. Approaching strong top resistance line again in this down channel since 13th of November and testing support of 0/21 to 0.23 range again. Volume low thought. Overall, large descending triangle since ATH that contains a falling wedge or flag or whatever with a pole running from 0.15 to 0.44??? Watch for potential breakout up in red circle areas if...

Ambassadorj Updated 

As above. There looks to be a bounce and some short-term support at the upper trendline of the previous channel that was breached last week. Also, the Hull MA have crossed again indicating additional possible continued up trend in the short term. Will follow the NEWS as data coming out this week on retail spending and foreign market trends as well. Good luck traders!

Ambassadorj Updated 

As above. I'ma spend this holiday locked in My body got rid of them toxins SKLUSD broke local down trend and pumped up to low 0.4 range again. Needs more volume to break 0.5 level which has been recent strong local resistance level and if breaks this level, look for possible bigger bull run to start. 1D and 1W RSI look like they are trending up and still...

Ambassadorj Updated 

As above. Broke out of down channel and touched bottom of larger support trend line. Appears to be headed up towards top of larger top trend line in low 30's. The Madrid ribbon also has crossed green on the 1D and that signals bullish uptrend at least in the short term. Will follow. Good luck traders!

Ambassadorj Updated 

As above. Temporary support ay 0.23 with bounce and breakout of down channel currently. Maybe pump back up to at least 0.29 range next at 0.5 Fib level. Will follow. Good luck traders.

Ambassadorj

As above. Correction continues as broke support at 0.26. Next stop if downtrend continues is likely 0.23 to 0.21 with some bounce if we are lucky but not sure yet. Good luck traders!

Ambassadorj Updated 

As above. Looks like possible triple bottom/ inverse head and shoulder pattern on the 1D. Watch for breach up of pink trend-line if reversal and uptrend takes hold, or if pattern fails, breach of yellow bottom channel support. Potential target if turns bullish would be 0.5 range. Will follow. Good luck traders!

Ambassadorj

As above. Watch neckline carefully. H&S may be in play for a dip. Possible target if dip occurs is low to mid 0.2 level. Good luck traders!

Ambassadorj

THANK YOU FOR LAST PUMP IOTXUSD COINBASE!!! As above. Me thinks correction in progress and watching development of one of three possible triangle patterns for future trading. Will follow. Good luck traders!