DewyCandles

DewyCandles

FX:USDJPY TRADE SETUP Picking up from the previous analysis (see the previous analysis below for context) I believe It is nice to take the LONG opportunity that presents itself here. The kind of soon-feeding you want. So here is the whole long setup since the short played out. All the details is on the chart starting from the Entry to Stop loss to Take profit...

DewyCandles

You also have to know how to check for correlation in various coins to have a clue on the direction of the trend in a particular timeframe. Such is the like of this BINANCE:FLOKIUSDT and BINANCE:FETUSDT but it doesn't stop here, there is more and I'll be showing them to you one after the other. Presently FLOKI is at the end of second phase of what I call...

DewyCandles

BINANCE:FETUSDT is still bullish on the higher timeframe but buying now is not advisable because of the risk reward. What you should wait for is the retracement to point 2 area after present price reaches point 1. But if price fails to reach point 1 and starts to deep from current price then it is best to buy lower after price has taken the PSL (previous swing...

DewyCandles Updated 

Short term play for BINANCE:CYBERUSDT is bearish with a good RR but the Higher Timeframe narrative hasn't changed

DewyCandles

I told you that the new technical analysis you will be getting is going to be top notch with a touch of SUPPLY & DEMAND, SMART MONEY CONTRACT, ICT (inner cycle trading), CLASSICAL analysis and of course ELLIOTT WAVE THEORY so it can go round to fit literally everybody's style. My first detailed analysis is BINANCE:ENSUSDT (Ethereum Name Service). Let us start...

DewyCandles

If $cyberudt is interested in being bullish it should come with volume this week else it will take the previous swing low. Not until we see a change of character BINANCE:CYBERUSDT is assume to be still bearish as we have been seeing a lower low. That is why on the 4 hour timeframe I have placed a limit order for a SHORT position especially seeing the exhaustion...

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Let's watch this play out. A good risk reward with clear invalidation level.

DewyCandles

Invalidation level is at previous swing low. 3 Take Profits

DewyCandles

BINANCE:CAKEUSDT is 100% away from this low. The TPs and invalidation level (stop loss) is clearly on the chart.

DewyCandles

Not much to say here other than (first and most important point) BINANCE:BTCUSDT is still bullish. Yes the bull run is not over yet but do not expect some ridiculous target. The most considerable target is between 80 - 90k while the extreme for me is within 91 - 120k. Look at the RSI and you will fins some similarity where the previous double top printed a ...

DewyCandles Updated 

BINANCE:FETUSDT should be going down to $1.28 from there, I expect a bounce and it bullish continuation because on the daily timeframe which is considered a primary cycle, the volume is still pretty strong. Unlike the first scenario, this one won't be going much higher but at least $6 is expected so when you get there, don't make the mistake of "oh we are...

DewyCandles Updated 

The striking correlation between $flokisusdt and BINANCE:PEPEUSDT will make you think they're being developed by the same developer, it is insane. Starting from the wave 2 and 4 of the of wave 1-yellow being a classic Zigzag and Triangle and wave 2-yellow for both being a classic Zigzag as well. If you missed that big run for Floki and Pepe (called it since) ...

DewyCandles Updated 

I don't see why BINANCE:ONEUSDT shouldn't make new highs from here. The double resistance must definitely hold. OTHER ANALYSIS BINANCE:BTCUSDT BINANCE:DOTUSDT www.tradingview.com BINANCE:CYBERUSDT BITFINEX:APEUST BINANCE:BTCUSDT

DewyCandles Updated 

Simple and classic for BINANCE:EGLDUSDT - Breakout | Retest | Boom Invalidation level is clearly on the chart at $22 (red dotted line) OTHER ANALYSIS COINBASE:ADAUSDT BINANCE:ACAUSDT BINANCE:MANAUSDT BINANCE:LINKUSDT OKX:CFGUSDT

DewyCandles Updated 

For the past 2 years COINBASE:ADAUSDT have been in a downtrend, it broke out of the Descending Channel, retested it and created the clear bullish path by creating a higher high and a Change of Character not just on the chart alone but also on the RSI both on the daily and weekly and that is a very strong bias right there. 2 scenarios here, it is no doubt that...

DewyCandles Updated 

No doubt we are in an uptrend for BINANCE:NEARUSDT and this might just be a nested 1-2/1-2 which is super bullish reaching as far as $40. Now we are at a crossroads and if this scenario is valid from here we should se price retrace to the 50 - 78% Fibonacci level to form either wave 2-blue for the leading diagonal wave 1-blue or a deeper retracement down and...

DewyCandles Updated 

The Other Elliott Wave Count BINANCE:ALGOUSDT shows a classical Head & Shoulder Pattern but as an Elliott Wave Trader I see it as a potential Truncated Head & Shoulder and wave 2 about to end. When this wave 2 ends I am expecting ALGORAND to begin it bullish run for the ALT SEASON. At least a x2-5 200 - 500% is guaranteed. Entry is anywhere in between the box...

DewyCandles Updated 

This is part of the wholistic macro view analysis you should see the full analysis for context in the update section. PREVIOUS ANALYSIS 1. 2. 3. THE PRESENT AND FUTURE BINANCE:BTCUSDT SHORT TERM - THE END OF WAVE 4 OF WAVE 5 ERA Now let's snap back to the present and also project the future. Presently I am confidence that on the lower timeframe, price...