Upon initial inspection of this chart on the daily TF i have spotted PA approaching a strong daily resistance. Coinciding with this upon analyzing daily RSI we see it has respected the 70 RSI level 4 times from the last 5 interactions. Upon further analysis we see bearish divergence on the 4hr TF, whilst on the 1hr TF we see momentum clearly stalling with buy...
Very notable test of year long trend line, waiting for daily close above and possible retest before entry. Anyone with experience investing in this sector feel free to hit me up, thanks.
Currently testing 18 month supporting trend line. Break and retest of this would be interesting, none the less this proposes a nice entry with definable risk and considerable probability of a bounce. Play at your own peril my pretty ones. Dad x
Wave 2 of larger degree 3 wave potentially complete. Buy on retracements. Invalidation - 125.25.
All analysis and direction on chart. As with all alt analysis, BTC stability dependent. Confident it plays out.
PA has found a floor after approx. year 7 year sell off. Note volume. Possible disparity between actual value and current price ? Monitor to see which breaks first, price floor or resisting trend line.
Reasons for entry : -EW count - Ending fifth wave diagonal -RSI - Bearishly diverging -Volume - Bull volume decreasing Target: .382 fib retracement which is a region of confluence with previous PA support.
Current Price: 145.30 Price is moving within this channel if it breaks below, flipto short position, taking profit at support levels illustrated.
Shorted Apple at market due to disappointing earnings report. TA wise we are assuming parallelity in the channel and hoping for a reaction from the top trend line.
Current Price: 9.9658 Similar to Cronos, if immediate support does not hold we will flip our position to a short and ride the trade until we see a reversal, taking profit before the illustrated support levels.
Current Price : 9.71 If Cronos does not hold the 9 dollar support we will flip position to a short at this price point. Taking a portion of profits at the first line of support @7.95 all the way down to our next level of support @5.91.
Reasons for entering trade: -Bullish Div on 1d -Falling wedge pattern -Oversold Entry: 154,05 Target:170 Stop Loss: 148