EU has been on a tear lately, despite any ''good'' news (econ or otherwise). Being an EU bear, I am always looking for short entries which start as scalps. If scalp survives, I take profit on 1/2 position and leave traling stop on rest. 1.1350 round looks like a great first attempt to short. 1.1365 zone would be next one to watch, but not strong. 1.137x area...
Quick plot to see if this ABC retrace plays out. This is a lot of support in the 3900-3928 zone. If it holds, then we have a shot at break of 4.2k. We are also up against the previous Negative Impulse plotted here: Prior to that, I had anticipated the top at 4.2k
As we all know, Bitcoin Cash lead the most recently rally. It still looks the strongest of the majors, targetting 172. If it reaches 172, then time to evaluate a retrace path.
Impulse = strong continuous force for a limited amount of time. When there is a return to Impulse, it is a critical zone to watch. Rejection from, Penetration of, or Traversal through are clues. . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves...
Quick chart to plot a long scalp that might turn to runner. IOTABTC has been following this fib sequence pretty closely. There are a lot of fudnamental reasons for this coin to rise. The 2.618-.764 band is of interest, a common retrace target. Want to see a disctinct bounce at the 2.618 then retest of 2.764. If conditions are right, the 4.236-.382 band will be...
Quantum had quite a spike which has mostly retraced. It is now approaching some Fib support zones to watch. BUT need signs of accumululation (sideways for a while). 600-610 would be the Ideal bounce point. 569-580 should bring very strong buying. 520-569 could breach, but better bounce hard.
This is an update to my ongong TRX analysis linked below. It is finally approaching some key support zones to watch. Now we just need to wait for bitcoin to rest so alts can run. 536-547 would be aggressive long entry. 501-510 should show a bounce at least. 445-451 looks ideal entry with tight SL. 410-415 could well be Bull's Last Stand. Of note: I was watching...
Previous analysis (below) caught a top perfectly. The sharp drop continued through all three sessions. Now we have the inevitable bounce, ty to N. Korea. This is just a quick update with resistance zone about to be tested. If it breaks through with ease, it could continue to next zone easily. But I suspect the bounce is about done, and down move will...
ICX has been making some moves recently. But bigger picture indicates we are in wave 4 of 5. EW and Fibs indicate possible lower low or double bottom. Previous short term analysis said break of .30 would hit .37, which it did:
ECB and Draghi gave the EU quite a drop last week. Now we look for the pullback zones to short soon. Three zones are indicated by fib confluences. 1.125 round is the first zone and psych number. 1.126 should be strong resistance from 4h fibs. 1.128 should be bears' last stand and idea short. Chart notes: Drag the PRICE scale UP to reduce overlapping...
Gold fell hard and then slowly recovered a bit. The big drop looks like a wave 3, so 4,5 coming? I see three possible wave 4 to 5 transitions. But more important than the EW count are the Fib zones. Confluence of fibs always provide strong support/resistance . In the bigger picture, this retrace should lead to higher highs. See my previous Idea about new highs:
ZRX made another wave up, which finished exactly at a 5.618. The pullback so far resembles and ABC correction, staring C now. Green zones represent support zones to watch for possible bounce. Previously I was looking for a retrace to enter, which I did per this plan: the above long was executed with a "Ladder" of limit buys between the two support zones.
Quick plot that points at a possible support coming soon. NOT trading this nor do I know much about the token. Just posting observations to study as price moves. Zoomed out to show origin of Blue Fib
Enjin had quite a run, and is probably not done yet imo. But it needs a retrace for profit taking and re-engaging bulls. Green zones are Fib Confluences that should cause a reaction. Extreme caution with these new coins and suddent hype. But Samsung support and use in games is very bullish sign. For me these are not hodl buy zones, just scalp zones.
RVN pulling back nicely, in sync with Fibs. Currently at a support, but looks likely to break. Fib of wave down looks headed to 3.618 or 4.236. 575 seems likely for the ABC target. 500 should be strong support if reached. 750 will be resistance and hard to break.
Stellar got some love from recent Crypto-wide rally. But it has been a laggard compared to other big coins. I think once BTC and ETH settle down, XLM might go. There is Key Resistance just above current price. If bulls can break the 4.618 then it might run. Round number 0.1000 will also cause a pause. But once past the nearby hurdles, then 15-25% jump is...
Quick plot to observe ZRX retrace. There was picture perfect 12345 impulse. And per Elliott, next comes an ABC correction.
RVN with quite a ravenous rampage with 3 different Impulses. "3 Drives Pattern" in play here, only measured with precision. During retrace, "Confluence of 2" or of 3 are of utmost interest. 750 sats would be a nice place to bounce given psych value. 640 sats is bulls' Ideal defense, being the top of last Impulse. 535 sats is bulls' Last Stand, without much support below.