We lacked the umph to continue the upswing from the attempted break out. I'd predict consolidation between .325 and the high point at .45 until around mid July. Play the ranges if you're a day trader, hold tight (or hodl if that's your thing) Mid July sees us above .45 OR the weekly trend is broken.
I'm currently targeting a move towards 84k before May 16, however a loss of 56.5k would see me pulling profits for a deep pull back. My target exit would be 75k.
While I was optimistic that my last post a few months back would see a break out, we didn't. We retested the .61 fib band and have consolidated ourselves back up to the .38 fib levels. I sense we will continue consolidating and squeezing up the wedge that sees us with a good sized break out or break down happening around late April/early May. If it continues to...
Well, the 22nd wasn't the break out but a break down. We knew it was possible, and we knew where to buy! Ok, I did... did you? So what was missing that appears to have returned, making a move up more likely? VOLUME. Last week say almost nothing for volume and when there's a lack of volume prices flux more. Set buys and sells, walk the dog till something...
Previously noted in comments on reddit The break out/break down looms on the 22nd. It's looking like longs are winning at this moment but momentum won't really resume until we break .375. (My guess where short stops are) best wishes! I'd hate to see this puny half cent wish-wash till mid march... I get bored walking the dog.
Set your dip buys and walk the dog, we're just gonna bounce around until enough buyers with conviction inch the price up over the upper fib level. best wishes as we coil for the next break out!
Classic dip and bounce off the lower fib band. Did that shake you out of your hold? Yeah, big dogs pull that crap. But good old FIB was there to keep you level headed. A break over .32 this morning will likely see a resumption of trend, though consolidation can occur for the next week or so between the fibs. I'm holding for the break out over .445. a move to...
Didn't quite have the steam to make it to the .645 levels. Consolidation will likely occur between the white upper trend channel near .495 and the lower channel at .445. What I anticipate this week is plenty of dip buying opportunities for those who use the fib retracement to size. Long term this is just consolidation for the upward trend continuance, I'll buy...
That dip from .38 back to .28 is scary. But in no way is this a reversal of trends. This is one of the dips to buy at. Each yellow line marks a good place to buy the dip. Don't try to time tops and bottoms, watch for the bounce off the fib lines before entering.
DNT is trending higher and doesn't really have a previous high to limit it's movement. Explosive moves could occur in the coming days. I'm seeing consolidation between .335 and .395. If scalping, those are tight ranges. I'd hold for the swing up, but watch for it to lose .325 and hold it on the 4 hour would indicate a pull back to a lower fib level around .25....
looking a little top heavy since we started hitting the next fib over .44. However, the 4 hour chart indicates good strength over the next 24 hours for a move over .64. Should we break and hold .645 the next fib is .99. If we reject .645 a pull back to .285 is possible, consider profit taking or buying near the fibs near .37 and .285
The chart looks strong for a move past .44 (previous monthly high) to possibly .645. A short dip in volume led to a slow increase in price before volume resumed for the battle with Algos at .37. I am currently holding steady anything above .325 for the jump but will exit the position should we lost .315 because a dip toward .185 is possible.
Solid monthly upward room to $21 on the weekly. Daily is low in the channel and appears to be consolidating between the 9.37 and 7.70 level. I would anticipate continued coiling between the white line and the red line forming a bull flag that breaks out or breaks down somewhere around Feb 25th. At this level, entry is best done in the dips to $8 for the...
Long term this is a place to park profits as the monthly move up is unlimited. That said, the price action is currently top heavy and looks to be due for a weekly pull back into the 50% fib and possibly as low as the 30% fib before bouncing. While I am not interested in this crypto at this level, I would be interested in buying dips for a long term hold.
After a pull back to the 50% fib level, we seem to be seeing a bull flag. I'd anticipate a move by Feb 8 towards .265
It appears that Jnug is accumulating in the $14 range for a move higher this week or next. I would anticipate a move towards $16/$18 this week.
Anticipate a healthy pull back into the $15.32/$15.08 before resuming the up trend. Overall there is a wedge squeeze under way that will likely resolve by July 20th. Until then it will remain range bound between $14/$18 until ultimate break down or break out. With annual cycles, I'd anticipate a break out in July.
Jnug appears ready to resume it's uptrend after a pull back to the $14.34/13.76 range. It should bounce off that area and resume it's uptrend into the $17/20 area.