UnknownUnicorn3664665

UnknownUnicorn3664665

Since we're still below a major resistance, it's also possible to look for bearish scenarios. We will know what's going to happen once we have a break on either side. If we break down from here and below the daily breaker (+ daily horizontal level), we'll be looking to short the retest and aiming for those lows there. Again, wait for confirmation and trade...

UnknownUnicorn3664665

Looks like that resistance was finally broken AND retested as support. If we keep making higher lows like this I believe the next target is the old high for the near future.

UnknownUnicorn3664665 Updated 

Overall this is a nice .705 retracement we have here. The resistance zone around 1150 level is holding us back but it's been tested twice already, reducing the sellers each time. If we manage to find support now around the broken 1080 level, it should give us enough acceleration to finally break that resistance and ultimately head for the previous big top.

UnknownUnicorn3664665 Updated 

ICX looks like getting back on its feet after getting rekt by BTC a few days ago and ruined my idea. Since we have some new development here: After breaking this resistance I can see all those previous highs as possible targets. Right now it's being held by the previous resistance turned support. Keep making those higher lows babe!

UnknownUnicorn3664665 Updated 

Higher timeframe (daily) looks like it gained support and has been consolidating for a while. 1H Timeframe has us wicking to that support (lower block/breaker) and attacking the higher block for some time now. IF we break up from that block (lock above), a viable buy strategy would be on a retrace to that same block, while targeting that void (explosive...

UnknownUnicorn3664665

That first idea yesterday has gone well, it was smart to take some profits at that resistance block which it hit perfectly. Now that we've retraced a bit and are finding new support, we should make a new attempt at that resistance, maybe wick even higher, and if we keep pounding it we'll eventually break it!

UnknownUnicorn3664665 Updated 

After a small retracement to retest the top of the range + 0.705 ideal juicy fib level, we should see a fill of the void as a nice 3.5 R/R trade, stop below previous low.

UnknownUnicorn3664665

With this move up we've filled the void that we left during the most recent dump and also retested the range low from before that dump. Also check the retracement when we pull the fib from the last high to the low. Unless XBT gets back within the range I'm afraid we'll have to anticipate further selloff at least to the next high timeframe support.

UnknownUnicorn3664665 Updated 

We're currently pushing into resistance(previous support), so an immediate long wouldn't be a good idea BUT if we manage to break through we can play the retrace into that block (green scenario). If we bounce down right now and make a higher low (yellow scenario), it would also increase the chances of breaking through that resistance. Upon successful retrace we...

UnknownUnicorn3664665

On the daily we have a break in market structure to the upside and a proper .705 retrace that we should have been looking for (to the pip actually). On the 4H timeframe we also have some higher lows and a repeated effort against the resistance zone which is exhausting the sellers. The strategy is that once we finally break above that resistance, buy on...

UnknownUnicorn3664665 Updated 

Daily view: I can see a perfect .705 retracement on the daily timeframe, into a bullish orderblock (image below): On the lower timeframe (1H), we've broken past the resistance that was holding us back and now we should find support on it before taking on some more highs. Target for now looks like that daily resistance level which would also fill the void...

UnknownUnicorn3664665 Updated 

Since we've seen those recent highs broken, maybe a good retrace for a BUY would be around the 1635 level which falls within the 1H orderblock between .62 and .705 fib levels, plus that's near the level of the previous high that we have broken with this impulse. This idea comes with a stop below that 1453 recent low.

UnknownUnicorn3664665 Updated 

We're currently into a daily resistance block, and since we still haven't bounced hard off it and are proceeding to make higher lows, on lower timeframe, we can assume that the buyers are trying to push it through that resistance eventually. Target is based on the weekly + daily resistance blocks. Two possible strategies for the target of around 5627 to 6400...

UnknownUnicorn3664665 Updated 

Nice to see that NEBL has broken the high of the range it's been stuck in for a while. I see 3 possible optimal retracements and all of them would make sense. Upper yellow is the top of the big range and lower yellow is the top of this local consolidation. Third possible retracement is the bullish orderblock from which this pump originated. It's possible...

UnknownUnicorn3664665 Updated 

So far DOGE has bounced from that sweet fib spot and from that 4H breaker to the PIP. If we can rely on meme magic to keep us safe, it should keep making higher lows until eventually it reaches at least 110 level from that previous high, and if it somehow breaks it, the sky's the limit! BUT if it drops below that breaker it might go further down to fill that...

UnknownUnicorn3664665 Updated 

If we take the fib from the last major high and low on the 1H timeframe we can see that ICX has retraced right around 0.705 level which is ideal AND touched that 1H gray bullish breaker. Also a good sign is that it's been making higher lows on the 4H and Daily timeframes. Only thing that worries me right now is that green pivot level which we have fallen through...

UnknownUnicorn3664665 Updated 

This current retracement lines up well with the fibs (just under .705), successfully tested 4H(red) and 1H(gray) bullish orderblocks for support, and seems like it wants to make some higher lows. All somewhat good indications of a possible move upwards. Next step would be breaking the yellow pivot line and establishing support on top of it beofre attempting to...