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This trade is a little risky but could be a good scalp. It appears we have created a rising wedge on the short term and are retesting our old support as new resistance. If this is the case our TP is around $29,700 with our SL around our last high of around $30,700. Quick in and out.

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After the news of GME launching a wallet, we have seen a major move up. After finding a low around our key $78 level, support came in strong. This has created a potential double bottom that could send us all the way back to our red trendline! We can see this red trend line is very key as we have found many of our rallies stall out at that level.

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Here we can see $XTZ is fighting the psychological $2 level. It was our old support (green arrow) currently flipped into new resistance (red arrows). Shorting here with the stop loss just above our last 2 highs (double top?) around $2.011 gives us a great risk/reward trade setup for the short term. Good luck!

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On the lower time frames, we did form a rising wedge that has currently started breaking down. The measured move price target for this drop is around $27,800-28,100. Wait for a 4H confirmation close before entering, but keep your eyes on this pattern.

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One of the most interesting charts I am looking at right now is the 5D chart. This $28,950 is extremely important. It was our final resistance in Dec 2020 (red arrow) before flipping it into support in Jan 2021 (green arrow). Then it was our wick lows from May 2021-Jul 2021 and currently we are still holding the candles bodies on the 5D at this level. Not to...

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If we are to get a significant breakout from these levels to the upside then here is what you should look for. So far we can see that our 200 MA (Yellow line) on the 3D is highly significant. It was our old floor before we fell through it which means technically it could become our new ceiling. Therefore, do not be surprised if we have around a 40% move to the...

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We are either forming an ascending triangle or a symmetrical triangle, therefore I have laid our both for you. Both scenarios show that our measured move is around $34,000 but we could go as high as $36,000. Watch for a break of this triangle either up or down, but my bias is towards the upside at the current moment.

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A lot of you were interested in our last KNC trade, so here is an update. Price has been holding steadily between $2.60-2.80, but we might be closing the daily candle as a bearish doji (cross). Here I have outlined in the chart every other time we have closed the daily candle as a doji at the top, and the subsequent drop that has followed each one. So far every...

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Eth has managed to create a higher low on the lower time frames. This means we could see a bullish bounce over the next few hours. My PREDICTION is that in 2 days time when the weekly candle closes, ETH's price will be $2,150. If that can be accomplished, $2400-2500 will be the first target. Second target would be $2750-2950 before potentially hitting our new...

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Really good RR on this trade. 5% risk (SL at our last high) and a potential 40% gain. The last time we created a doji on the 4H (red arrow) we had a pretty significant crash after. Our last 4H candle just formed another doji so it would be interesting if we repeated a similar pattern.

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As with BTC, we can see a similar pattern with ETH. Our parallel channel that previously acted as our support is now acting as sell pressure. Shorts are really good here with tight stop losses. For us to flip bullish we would need to start closing candles above the $2,150 level.

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Here I have outlined 2 very key trend lines. We have our resistance (red trend line) and our support (white trend line) that is currently acting as new resistance. With price action remaining below both these levels we can see another leg to the downside. For us to switch to a more bullish scenario, we would need to close above $31,400 (yellow ray) and hold those...

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If we are able to break above our resistance (from the previous post), we could see a move up to the 3D 200 MA which currently sits around the $2400 level.

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We have recently had a move down from our triangle. This means if we are to retest our old support and flip it into new resistance (red arrow), this would be a bear flag and give us an initial target around $1600.

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The chart on the left (4H line chart) shows that we have double bottomed in the short term. Also on the 1H (chart on the right), we can see a bullish W breakout pattern forming. Since the markets have been so bearish recently, a swift move to the upside (short squeeze) could be in the cards.

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We have been forming a symmetrical triangle that can clearly be seen on the chart above. Some might draw it from our wick lows (which would increase the % breakout/breakdown), but I like how I have drawn it above due to the amount of confluence with the trend lines. This would give us a conservative measured move breakout above $0.11 or a conservative measured...

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After an almost 100% rally from the lows, KNC is coming up against its major resistance zone. This ranges from $2.10-2.30. Placing tight short trades here could be profitable.

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As I posted on May 1st that the S&P was going to have a major move. At the time we were still above our box of support ($4,050 - $4,150). Now we have broken below that key support range and are currently retesting it. Most likely we will flip OLD support (green arrows) into NEW resistance (red arrows). Therefore, if selling occurs in this zone it could lead to a...