cultureofwoods

cultureofwoods

Thought I would post this because I think the chart is interesting. I am expecting continued upside for some time based on the possible wave count and the most interesting thing about the chart is the massively overshooting B wave off wave 1. This phenomenon is all over the alt market. It shook a lot of people out and it will also mess up a lot of traders' targets...

cultureofwoods

Just an update on Perion; very clean wave count so far and expecting a decent bounce from here of at least 50%+; still expecting one more major wave down for a final low after the bounce; targets will depend on how high the relief rally goes; take all future price predictions with a grain of salt - its just educated guesswork until the price action starts to fill...

cultureofwoods

Seems clear ZOOM is going to lose the low; recounting waves allows another low but only just. Long plan doesn't change much in this scenario. However, a major capitulation is possible if this was actually a distribution instead of accumulation range and the long invalidation is on the chart as a blue dotted horizontal line. Personally, I won't sell even if we do...

cultureofwoods

Last night's drop is being blamed on stop hunting; this is likely the catalyst but the move was coming based on the wave analysis. This chart is now very similar to the ALGO chart, with an ABC off the launch high completing with this final HTF (yellow) wave 5 of the C wave down; first target was the 0.618 log Fib extension - could go lower but I count five waves...

cultureofwoods

Last night's drop is being blamed on stop hunting; this is likely the catalyst but the move was coming based on the wave analysis. This chart is now very similar to the ALGO chart, with an ABC off the launch high completing with this final HTF (yellow) wave 5 of the C wave down; first target was the 0.618 log Fib extension - could go lower but I count five waves...

cultureofwoods

Just publishing this because many tokens are showing a similar pattern of a truncated wave 5 of 3 and this is making the current price action tricky to interpret. This wave count cleans up the chart and suggests the bottom of a HTF corrective wave 4 is near. Swing trade targets on the chart.

cultureofwoods

Zoom has been consolidating and forming a rounded bottom for a while. It is much cheaper now than before Covid and yet is a much stronger business so undervalued IMO. Either way, the chart looks like the downtrend is over and it has completed waves 1 and 2 of a new impulsive uptrend. Recent price action appears to have completed the retrace of wave 1 of 3, so we...

cultureofwoods Updated 

Felt an urge to publish this one; very clean wave pattern. The only problem is that wave 3 should not be the shortest wave and this appears to be the case within wave 5. Make of this what you will but I am prepared to put it aside. Swing trade target is $3 for me. Longer-term, probably a 10x from here to $13...

cultureofwoods

Not sure what is going on with this stock but, putting aside the possibility of it going to zero, the chart strongly suggests a target of $5.89 or just below. Expect a bounce from here to about $18.32 (entry at $11) but this may not happen if the sentiment is very bearish - could just straight line to the target (or to zero...). Satisfying how it hit the 1.414...

cultureofwoods

Never made any money; revenue growing very rapidly in recent years; could be a huge company if it gains market traction and self-driving cars take off, which - lets face it - they will. Chart is a complete mess but the overall theme in my view is corrective price action trying to find a bottom before taking off. Volume starting to increase so I think we are close....

cultureofwoods

The idea is that NIO is in a wave 4 correction off the highs and has one more impulse up before it likely consolidates sideways for a long period of time.

cultureofwoods

Interesting chart this one - difficult to make sense of the current, likely corrective, price action. Higher time frame I am expecting another wave up (wave 5 of 5), for which the ideal target is just under $0.027 but the move could be truncated and only achieve $0.02 to still be a valid wave 5. Within this correction, I feel that we are likely to bounce to the...

cultureofwoods

Very bullish on this token, primarily because of the massive spike in volume for the recent move, which suggests this was a wave 1 of a new impulse. Also, fan tokens have actual utility and are not likely to disappear. Barcelona has the second biggest fan base of any in the world (320m) and could easily achieve a market cap of the same number - that's over 10x...

cultureofwoods Updated 

Kadena appears to be in the process of its final move up as part of a first wave expanding wedge, with a minimum target of around $6.65. This chart is actually very similar to the Arweave chart but earlier. There was a brief pause just before $2 to shake out the more bearish traders but I think this resistance will not hold. The expanding wedge may be the A wave...

cultureofwoods

This is my chart for the current BTCUSDT correction. Seems to have started off as a simple ABC and then morphed into some mutated mess of a correction. The first impulse failed and we are in a second ABC (C wave target 0.764 to 0.854 in cyan and orange respectively) with the final stage apparently a WXY where the Y is an expanding ABC (target 1.618 in blue). All...

cultureofwoods

AR has beaten expectations for it's falling wedge breakout. It is the storage solution for Solana, so I guess it has been dragged along with SOL's massive run. Most likely scenario from here IMO is that the market will treat this move as the C wave of a massive ABC correction from the project launch, with a target of around $80. This would represent bearish...

cultureofwoods

A very interesting chart. One of the first projects to integrate AI into blockchain architecture so that it is self-learning - possibly the first project. They have been building for seven years and the chart suggests a token accumulation since this time. Current breakout target is $20 but the resistance trend line is quite steep so we may actually just be in wave...

cultureofwoods

This is probably just going to $15 in a straight line. Breakout of inverse head and shoulders on the chart above but also a breakout of a five-year accumulation bullish pennant that you can't see because if the lack of history on KuCoin.