It's quite the busy chart but it's all about confluences. And right now I'm seeing strong confluence, which is a vote of confidence for me. Bullish divergence with RSI signalling 5th wave completition (corrective) Falling wedge boundaries being respected RSI climbing slowly but surely Bounce off .786 fib retracement and making a HL (need to see HH...
TRON's PA is a thing of beauty. The HLs in HTF on the ascending triangle are aesthetically perfect. Price has been on the rise for a little less than two years. Sooner or later the god candles will print out.
The chart speaks for itself. A textbook rising wedge. This is NFA
I believe that this cycle's wave 1 and its correction are done. Wave 2 being a shallow correction at Fib 0.236 gives us some clues as to what to expect next. Here's why I believe Wave 1 and its corrective wave 2 are past us and how wave 3 has already begun. RSI bearish divergence (usually happens between the tops of wave 3 & 5 price action) Correction to a...
So VeChain corrected to Fib 0.618 and it's making a nice retest of the resistance, which it already broke, from the top. Overall this is looking real good!
Algo is is gearing up to challenge its overhead resistance; the last one remaining in this cycle. I believe this will happen sometime in June/July. Things will ramp up suddenly after that.
BNB's pennant has been breached to the upside. Will the re-test confirm the move?
TRX has never held this strong compared to other bull runs. It's printed an interesting 3-year old bull flag. And if the price holds well above and retests with conviction, we could see the start of an impulsive wave next. TRX has historically been the punching bag of negative sentiment in crypto and that is changing. Justin Sun has recently embraced his bias and...
Lots of indecisiveness surrounding ARB. This is one of those moments, as a trader, where you can't rush into a trade. You have to let the market decide and then make a move to go with the flow. Symmetrical Triangle...Check HL on PA (so far)... Check LL RSI... Check! Poking of 55MA...Check! The close on the daily TF today will be key in forecasting what...
IOST PA exhibiting an interesting pattern when bottom. Chart speaks and so we listen! The bottom pattern is slightly smaller or less volatile than the last, which I believe is a sign of maturity (less manipulation). It's true that 5 is slightly more pronounced in the previous bottom but again most likely due to manipulation. So we can disregard the long wicks....
BNB has escaped its slump on the third attempt. It's now heading to $450 and there's nothing you can do to stop it. NFA!
The fib level 0.618 (0.001111) is an attractive target considering LTCBTC had significant reaction to the 0.5 fib level. This is the only explanation I can come up with as to why Litecoin wants to go this low with its strong fundamentals.
I think DASHUSD has found bottom and is about to embark on its next impulsive wave. Wave 3 is exactly 161.80% of wave 1, which is an amazing confluence! Wave 2 retraced to .618 (nice) but the next wave correct to 0.5-0.55 (with manip/fakeout) The multi-year downturn has formed a bullish wedge (RSI wedging too which is nice) Up & Onward I do think the price...
No need to comment further. Mcdonald's time-tested pattern FTW! This is NOT FINANCIAL ADVICE
IOST is gearing for a bull move next. MACD is turning green. RSI is turning bullish. The stars are lining up. Will there be wick down the bottom of the wedge to shake things out? If so I'll be sure to buy more. NFA
It's about time you drop what you're doing and pay close attention to this beautiful construct. It's once in a lifetime opportunity and it's happening. NFA
IOST is about to pump. I think it will hit $0.50 next year. Cheers! This is NOT financial advice.
Get ready to DCA folks. LINK is about to fakeout and shakeout. My TP for DCA'ing will start below $5 all the way down to 4.x. Accumulate, accumulate, accumulate! THIS IS NOT FINANCIAL ADVICE! Cheers