Stoic-Trader

Stoic-Trader

Updated price action has given me a neutral bias for CFX. The pullback was deep, and we are looking at 2 scenarios: Bullish: Leading diagonal which would take wave 5 to the mid-0.30's. Bearish: A breakdown of the bottom ascending trendline for a new lower low. While we are between the bottom ascending trendline and the solid green resistance, I don't see...

Stoic-Trader

▶️In my longer term view for LUNC, we are currently in black wave 2 correction inside the larger gray wave 3. ▶️If this scenario plays out, we would be looking at a 2-3x gain in the next few months. ▶️It is not yet clear if black wave 2 is finished or we are still in a longer correction (A). ▶️ The blue descending trendline is the key for price to pump.

Stoic-Trader

My updated count on the daily chart shows we shold be in green sub-wave V of blue 3. 1.00 is an obvious target for this next leg up.

Stoic-Trader

The pump from the last few months could be finally running out of steam, at least in the short term. There is a Head and Shoulders pattern being formed, with clear bearish RSI divergence. Remember that in these situations the more conservative trade is to wait for a break and retest of the neckline.

Stoic-Trader

My primary count considers that we are currently in Black wave 5, which will wrap up Gray wave 3. I don't expect this next wave to go much further than black 3, and the 20-25 range should offer resistance for the next correction (gray 4). Alternatively, the recent leg down is just black A of a larger ABC correction. This count would still make the overall...

Stoic-Trader

The resistance was quickly broken and wave 3 went all the way up to $70. The swift correction found resistance in the gray zone, which I'm considering to be black wave 4. In my primary scenario, we're back in the uptrend for black wave 5.

Stoic-Trader

We seem to have reached blue wave 3 in this uptrend movement. Wave 4 correction is a buying opportunity. The 50% pullback level (at 0.1362) is where I'll look for reversals in smaller timeframes for long trades. The 0.22-0.23 zone (in gray), is the next major resistance, and would be a good target for wave 5.

Stoic-Trader

My primary count considers we're currently in green wave III inside blue wave 3. Pullbacks are buying opportunities. We probably won't see anything below 35.00 again.

Stoic-Trader

Black 5 extended all the way to 0.40 for Gray 3. We are now in Gray 4 correction, and I expect it to be held between 0.20 and 0.25. This count is valid as long as we stay above 0.18170 (Gray 1 high).

Stoic-Trader

RLC´s ump is currently in blue wave 3 of black 3. Pullbacks for blue 4 are buying opportunities. There is a strong resistance level just below 3.50, which could serve as resistance for black 3. This will be my target if we get a decent correction before reaching it.

Stoic-Trader

My primary count considers were currently in blue sub-wave 5 of black 3. As with most other cryptos, price is very overextended, and even if this uptrend has been very resilient, at some point there has to be a correction, so I'm not a buyer at current levels. Pullbacks to black wave 4 are buying opportunities.

Stoic-Trader

As with most other cryptos, price is pumping for black wave 3. There is no RSI divergence present, so we could still see further upside before a correction. Pullbacks for wave 4 are long trade opportunities. Price is currently trying to break strong resistance in the gray zone (44-45).

Stoic-Trader

Price is going back inside the longer term ascending channel I showed in my previous analysis. Still not clear if we have an 1-5 or ABC (in black), but in the short term, I expect further upside. Corrections for blue wave 4 will be long trade opportunities.

Stoic-Trader

In the long term, HBAR is very promising and could give investors great gains. But, from a trading point of view, the daily chart is giving us an overextended RSI with strong bearish divergence, typical of a wave 5. As a trader, I will wait for pullbacks in order to look for long trades. Wave 4 bottom (around 0.12) could offer support for further upside, but...

Stoic-Trader

Even though the overall bias is bullish, price in the daily chart is in overextended RSI conditions and beginning to show bearish divergence. Next major resistance is the green zone around 0.00006. Major support is the gray zone just above 0.00004. I will be watching for pullbacks to enter long trades targeting the green resistance.

Stoic-Trader

Algorand is one of the cryptos which has shown bigger gains in this bull pump. There is a major resistance level in the 0.70 zone, which has been important since 2020. I believe this is the next target to the upside. In terms of Elliott Waves, my primary count considers we are currently in gray wave 3. Pullbacks are buying opportunities until we reach gray...

Stoic-Trader

The strong upside movement is part of an impulsive wave which began in early August. In my primary count, we should soon reach the end of blue wave 3. Corrections to the green support zone (around 0.022-0.023) will be interesting to look for new long trade opportunities.

Stoic-Trader

We have a reversal pattern in place. Black wave 2 happened as a flat correction (blue ABC), and black 3 should find resistance soon, probably in the gray ascending trendline which dates from 2023. Pullbacks for black 4 are buying opportunities.