ANC or Anchor Protocol is a rare case when chart from KuCoin provides a lot more insight than Binance market. Depending on how you draw your Fibs, ANC has reached the GP during recent high, or is yet to reach it around 5.7 to 5.94 range. Lets proceed with the latter: I think, ANC will drag either in this S/R Daily channel, perhaps even as low as 3.98. Volume is...
Thesis is pretty simple: Following a weak channel (token is brand new, but it's on Binance) Fibonacci Retracement taken from the genesis to ATH, gave me the target. TUSDT breaks below 0.18, I'm Shorting to the GP of 0.145 to 0.15, with a pit stop at 0.1655. Once GP is reached, I'll plan a Long entry, i.e. back up towards 0.1655 and previous Fibonacci...
0.94 area after this retracement is finished? Why not, it has Trust in the name.
Well well well, how the turntables! We all know why this went flying. Sticking with the metrics, WAVES should go for a drop-in, followed by riptide. Volume drop-off is understandable, but this just might be the perfect hedge. Aiming for a take off towards 25-ish, big Resistance sits just around 34. Don't wipeout!
Unplanned AVAX setup for the next couple of days. AVAX is in a decent downtrend channel starting from November 22nd, great volatility and range. Many Long and Short opportunities, but I'm not testing the channel limits. Looks like AVAX will try to arc down to 79-80 maybe as low as Support of 76, then up to test the Golden Pocket between 87.63 to 86.62. Happy...
GLMR, or Moonbeam, has been getting destroyed, and the absence of Margin and Futures markets present limitations, I can't Short it. So my plan is to time the bottom. I'll be using the 4H and 15M charts to feel the market. And observing how GLMR channels, I expect GLMR to arc towards 2.20, it has moved 48% in 4 hours before, so nothing is unexpected. There's a lot...
SYSCOIN is difficult to read. Previous time SYS had similar metrics, it went down ~20%. I am trying to see order in chaos, hence all the lines. Dashed Yellow lines = Downtrend limits I took from a 4H chart White and Dashed Green lines = Long term Uptrend channels from 21H chart And a couple Support and Resistance channels. I want to see how SYS reacts to these...
FTM battling in the S/R channel, attempting to complete an impressive Double Top. Neckline creates a very strong Support channel, coincidentally it's also the ~ Golden Pocket of Fibonacci Retracement taken from all time low to all time high (without account for massive wicks). Neckline/GP range 1.27 to 1.16 Since January 22nd, FTM has been consolidating forming...
BTC is in a downtrend daily channel, BUT the weekly channel is still in the uptrend, however there's one caveat, BTC is approaching the bottom of it's weekly parallel channel. Vector with which BTC is planning to escape it's current S/R channel is very murky. In the short term, I think BTC will test 41K, then down to 39.5K If BTC breaks below S/R Daily, next...
API3 is very new for any solid TA. The chart is peppered with weak Supports on 4H and lower timeframes. So far it appears to like Fibonacci levels, taken from all time high to all time low. Looking at the 4H chart, bulls, or perhaps community enthusiasm is lifting API3, but there are some dramatic candles of +20% moves. I can see this reaching 5.69 and then...
Let’s see what GNO does at 352. Ideally GNO will go to 326 then 306 and 285, after which it’ll start retracing. GNO is low volume, overpriced, prediction something-something, leveraging it doesn't seem like a great idea. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you...
SHIB is cruising between strong S/R, a Golden Pocket of Fibonacci Retracement from it's September low, and the 4H Support channel. If you look at the chart starting from January 20th to February 7th, it almost looks like SHIB attempted an "island" reversal, but didn't quite have the volume to push through the Golden Pocket. At the moment, SHIB isn't calling for...
SLP moved 370% in 7 days, based on that and a prayer, I think my thesis holds water. Wave count is almost textbook, but watch out for 3 and 5, they can fly. Expect a lot of chop between 3 and 4, if SLP gets there. Keep in mind that SLP is making a comeback from all time low. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT...
EPS (Ellipsis) is in a general downtrend on Daily and higher time frames, with an occasional side action. In the short term, it looks like EPS will retest the Golden Pocket (0.2754 to 0.2822) channel of Fibonacci Retracement from December 27th. I'm waiting for either a bounce off of Support 4H or the GP rejection. This is my Thesis, targets are purely...
Update on the BTC wiggle waggle idea, linked below. BTC is fighting a narrow but important S/R channel (Bright yellow channel), on multiple timeframes. 4H is saying time for a bounce, 12H says not so much. I'm sitting on my hands until the S/R Channel is resolved. After all it is Monday, lets not make it any worse. Target #1 = WAIT! for BRIGHT YELLOW CHANNEL to...
MIR or Mirror Protocol showed up on my screener, low daily RSI, very high % Volume change, slow day so lets take a look. Chart says MIR is great to short, as it has been in perpetual glide since the summer. Quick google search shows MIR is somehow related to LUNA, with some security issues, irrelevant. MIR is relatively low float, so naturally the candle marked on...
PEOPLE approaching Golden Pocket (0.0626 to 0.0599) of Fib Retracement from January 24th. It might bounce off GP into daily Resistance. or Arc from the middle of strong Downtrend channel. This is my Thesis, targets are purely hypothetical based on my analysis. This is NOT Investment and/or Trading Advice. Happy Trades! ❤️ If you enjoy my ideas, Please...
ARPA reached the Golden Pocket of Fibonacci Retracement taken from March 2020 to all time high. And naturally retraced, seems like it still has ways to go until bottom. Daily Support (~0.06921 to 0.05846) is one possibility. 4H Support of 0.08245 is another. Relying on my BTC idea, I think Daily Support is a likely target. Keep in mind that ARPA has been in a...