We could be in ABC correction. Anything below 15.50 and the trouble starts.
Classic Elliot wave with double bottom. Without news this may complete with a lower PT around ~$10
As you can see from the simple chart below. INO appears to be back on its path of growth it was on before it went Parabolic on the news that the DoD was buying $70m worth of Inovio vaccine injectors. They are submitting their Phase I trial data to peer reviewed journals (as it always does) on Monday. None of the other vaccine candidates in Operation Warp Speed...
We've already broke through Impulse 3 retracement and sitting on impulse 4 support. RSI and MACD are not looking like BTC wants to climb. The question is, how low will it go.
Breaks Blue - Possible see a run Breaks Yellow - Possible see a continuation Breaks Green - Possible Decline Whats your money on?
If BTC futures are really effecting this current trend, is this what well see tomorrow at 10 am? If manipulation is real than maybe it drops off the map blow 8,000 sats? Last week BTC Dropped ~4500 Sats from ~13,000. If the same logic applies here could we see something as low as 7,000 sats? What if it goes the other way. There is no manipulation. Will it...
Of course we should always have several strategies when doing TA. If ADA decides to go south, sideways or north. However the MACD and Volume are looking very similar right now to the last time ADA made its run to its ATH. The candles look similar as well. I know many have predicted ADA could start to rise again. Could this be the lead up? I guess we will find out.
If we hit 6700 we could see another run to the top. Let's wait and see.
CDT has been doing well creating the baby, mama, papa fractals, and just when it was ripe to break out 2 bad news stories put the market into a downward trend. Now that the bad news is over and everything is recovering things look better. Finally today it broke 22% and i feel as if the upward movement is finally back on track.
POE has been ready to pop for awhile. The baby, mama and papas are done forming but again - bad news in the market creating down turn has taken its wind out of its sails. As it tries to break out of its current trend towards the first fib line it keeps stalling. Is this a continuation? Probably, but will it break out eventually. Yes.
Already up 1000 satoshi since the first down trend after the 22% break out. I think this will keep going up. All coins suffered bad news last week but looks like these are back on track again. This is a good scalping opportunity as there are pockets of resistance of course going up however the trend looks upward.