REN is another DEFI coin that doesn’t have any historical price resistance as it’s so new. We had a healthy pullback this weekend, but I like how it’s held up. It dropped passed the .786 to the .618 and bounced from there. If you can see the purple lines we see declining volume on a downtrend. We can interpret this as less sellers willing to sell at a lower price....
Update on AAVE. Congrats if you took profit at the T1 on my last AAVE chart. AAVE had a healthy pullback, but I think their is still gas in the tank. If you look I readjusted the fibs and it retraced from the 1 fib level to the .786 which is a good spot to buy. The RSI is also bottomed out. This is a buy imo. You can wait to see if it goes to the .618 at $357ish...
Entry - $16.48 SL - $14.95 T1 - $19.68 (R/R - 2.16 ) T2 - $24.32 (R/R - 5.21 ) T3 - $26.82 (R/R - 6.84 )
AAVE is a relatively new coin with solid fundamentals. With it being so new their isn’t much historical data so we will have to rely on fib levels for a reliable entry and exit point. The Stock RSI is saying it is overbought, but the big volume spike is confirming that this move is legitimate. If you don’t already have a position, I would wait to buy in between...
Great long opportunity on Ethereum. Ascending triangle is close to fully breaking out, but like all ascending triangles it can also be invalidated. It's not over if it goes back into the triangle, but if it breaks down under support the trade is invalidated. Conversely ascending triangles can also break down out of the triangle, but reverse back up. I have placed...
Let this one play out all throughout 2021. Let's squeeze the bankers that have been screwing with the silver market for decades. Remember this is a weekly chart so give it some time. This one will rip to all time highs and then some while in price discovery. Hold the line boys. Target 1 is at the 1 fib retracement, Target 2 and 3 are at the 1.272 and 1.414 fib...
This chart is displaying a classic wyckoff distribution pattern. Keep a tight stop at $284. Targets 1-3 are on the .618, .5, and .382 retracement levels. Keep a cool head, this one will play out over the next couple months. Entry - $269 SL - $284 Target 1 - $235 Target 2 - $216 Target 3 - $198 R/R - 2 (T1)