GOAT looks pretty good here
Sweeping those lows and going on to break Market Structure right away is nice sign of changing tide
Could see a pullback into the H12 OB defended heavily and would be the optimal place to enter longs with invalidation below the OB
Also very likely it just runs from here, so positioning spot might be the wiser move
As simple as it gets
You can also observe NEIRO/USD on the Weekly timeframe and argue it is soon to enter a Wave 5 Elliot Wave Impulse
Expecting at minimum a +100% move from here - most likely much higher
Very simple HTF trade idea on BasedAI
- Accumulate in a range for 150+ days
- Break the range (Weekly Close above)
- Re-enter the range toward the mid point (discount)
- Hold that mid range as support
- Reclaim the top of the range
- Continuation to Monthly Resistance Levels
Note: Based Labs is releasing a L1 Mainnet called Based in November 2024; BasedAI is the...
I thought there were some striking similarities between Pepecoin when compared with Dogecoin
Firstly, note the timescale difference between the two - Pepecoin is on a Daily timeframe whilst Dogecoin is on the Weekly timeframe
The initial move served as an area of support for DOGE, and you can see that price eventually wicked below the point of impulse while also...
My previous PEPECOIN analysis was a little pre-emptive and ended in a false breakout that fully retraced the move
Since then market conditions have improved drastically and are objectively in a far better position than my previous analysis
PEPECOIN/USD showing a clear Range Breakout and is currently Retesting the top of the range as support. ETH Pairing also...
Looking to see the Bull Market Support Band continue to act as support now that it has been reclaimed
RSI also looking healthy
Invalidation if price shows continued weakness below the Bull Market Support Band
Pepecoin looking strikingly similar to price action from Feb/Mar 2024 on its ETH pair
USD pair also showing similarities, but certainly not as strong as the ETH pair
Strong S/R flips have taken place and I'm expecting to see an explosive move if these support levels continue to hold
Pepecoin looking strikingly similar to price action from Feb/Mar 2024 on its ETH pair
USD pair also showing similarities, but certainly not as strong as the ETH pair
Strong S/R flips have taken place and I'm expecting to see an explosive move if these support levels continue to hold
