I'm going to sit on GALA token. Obviously depends on what BTC does but this has many projects and could play out an inverse H&S. This can also look like a possible wave 3 playing out. I will enter more funds once we break out of the resistance on both price chart and RSI.
Daily chart looking like it may bounce for a long inverse H&S to play out. Bought in @ 5% of my funds and waiting for a bullish engulfing candle before adding to my position. Stoch RSI is over sold territory. Also monitoring BTC on the daily for confirmation.
Weekly Elliot wave is my prediction. Wave 0-1 completed. Wave 2 -3 pullback was right on a good fib level and now it seems we're on the way to Wave 3. I have to 2 potential targets for wave 3 so I will take profit on the 1st wave 3 target indicated on the chart. If it continues to climb, I will re-enter my position and carry to the 2nd wave 3.
This current area could be the temporary resistants line for a pull back or could go up further. Both looking very interesting as they could both play out a massive inverse H&S, if this be the case, ETH/USDT is going to fly. I'm waiting for a bearish engulfing candle before I exit ETH and pair with ADA, LTC, LINK, DOT, KSM just to name a few.
Not based on anything other than waiting for this to play out. 1. Could be a possible descending triangle in play for a further drop 2. Could be a fake descending triangle for a further drop to shake out the panic sellers and target leverage traders and then pop right back into the triangle for another leg up. 3. Could also play out as some people speculate a...