I didn't enter any shorts yet, but I think this is going towards 4.00$-4.60$ shelf after breaking down into thin air zone.
This setup provides clear invalidation below discount area at 8.00$ with a take profit level at range premium of 12.00$, which gives 50% move. It can also be a tripple bottom with a neckline at 12.00$, which if flipped opens a target of 18.00$. I’m entering it here and leaving room to DCA lower.
NIO is respecting trend-lines of this beautiful wedge and showing some strength on 4h and 1d RSI. I think it may find local bottom here, reverse & breakout from the wedge. I'm looking to bid 7.00$ area if given or after it breaks out to swing long up to 14.00$
Noticed there’re quite a lot of bullish ideas on XLM shared. I’m also bullish on the long run, but see no reversal signs yet: XLMBTC is weak, EFI and RSI aren’t showing any divergences. I believe more downside is coming and I will consider to step in at 0.08$ area for mid term exposure all the way up to 0.16$ of the upper boundary of the bullish megaphone. Thoughts?
COMP is currently chilling at daily support level and right at the bottom side of the huge triangle, showing RSI divergence on 4h and 1d time frames. Giving possible upside move with more than 50% and small risk with stops below support & trend line could be a nice play.
Expect continuation of downtrend on ETHW with a target of 1.5$-1.8$