


lady_luck
re-entry at the bottom green line, next target up in green, watch for break of puple TL
watch purple line for breakout / buy entry, green line for target 1 & 2
Waiting for a high volume spike on breakout of the first green line then the next two are the targets
There is two descending TL on my chart, the lowest one with wide dot has been from the top of the top candle, the second dot has been drawn from the close of that same candle. Etherum PA is about to be either rejected or break through that second one. So far Etherum has been trapped within a narrow chanel, wave iii has been very disappointing and only met 0.618...
PA broke the TL (first black line) of wave c of C It has now been tested as a support and holded the price. The is an other support below, which is located near fib 0.236 of this move up. My first target is located arround 9300, it's near the second black TL of the decline from wave b + the previous support now turned resistance from the bottom of wave a and last...
The resistance from the TL of wave c of C (lowest black line) has been broken. After a slight pullback PA has now retested it and so far found it acted as support. If S1 fails, my second support/entry point is S2 which is situated at fib 0.236 of this move up. The first profit is at 9300, there is a strong resistance at that level, formed by the TL of wave B...
The double top scenario isn't realistic, the price meeting target (usually around 60% of the move from the top) wouldn't be able to be met from a lowest valley at 134. There is simply not enough room to the downside for that scenario. The cup and handle is more likely, PA has made an handle with a retracement of a third of the advance or 0.382. And the handle...
This is a long term idea Mostly to be aware of the real chance of a current bearish potential Several intricate patterns has build up If after declines PA fail to close above the red resistance lines on the daily This scenario would be getting more likely Head and shoulder in formation Daily RSI is overbought Volume peaks at top of 5 Nevertheless MACD peak at...
The 15min, 1h and 1D macd are in neutral position. Daily stoch rsi is in overbought territory 4h macd is bearish The huge volume spike on "a" indicate a corrective pattern There was no clean breakout of the trend chanel despite of it There is a smaller triangle developing within this larger wave 4 triangle Nearing the end arround fib .382 Hence most indicators...
The blue TL represent a weak triangle which lack enough reaction high to be valid Also during what could have been considered a break out, the volume kept on declining. There was no confirmation there, nor with the momentum. PA is trapped with 3 narrow resistance level above, each of them backed by the highest volume seen since the beginning of the decline. The...
Wave c of A ended with a significant read on mac D The top of wave B has been marked with high volume There is a convergence of support trendlines at 260 The 288 level was the strongest resistance ahead, but now 274 is acting as such After a retest and failure to break above that level, PA would fall bellow 250, with next support found at 230 and 202. Good places...
I can see a good short set-up There is 3 reaction lows at 16830cny The volume has been contracting since wave A It leads me to place a wave a that overshoot the top 18900 cny is strong resistance and a good entry for a short. A SL around 20100 cny, the next major resistance is a good idea, A break above would signify the uptrend to resume.
Price is likely to retest 147 in the next few hours. Followed by a correction to 170-184. Good entry point for a short with SL at 196 Following targets/long entry would be first 98 and the next supports are found at 79 and 51. If this correction is more sideway (less likely scenario) 79 would be the final target. EW count on this chart does not apply to my...
wave A of 2 was sharp and simple. Hence a different corrective pattern among exchange. Ascending triangle wave B on bitfinex now completed near fib .764 Typical compression of the momentum while achieving this wave Identical remark for the volume MACD read of wave c (and wave d on smaller TF). Expecting an even more complex wave C toward ..618 or .764 of wave...