lukeyhwh

lukeyhwh

If we break out and consolidate above the current yellow box, we could see enough strength to climb out of the current slump and hopefully head up and start a new short term cycle. Stochastic and RSI both sitting low on the current time frame. I'm expecting we move up to the next yellow box as indicated by the green arrows. If we maintain consolidation in the...

lukeyhwh

We will see more downside upon breaking down through the current support region. We will go back down to the bottom of the wave 2 breakout, since it was our last area of strength in the current short term cycle.

lukeyhwh

We could see more upside if we break above the previous up trend line that Held as support for the previous Elliot waves, making a higher low and higher high.

lukeyhwh

We saw the triple top failing to make it past resistance, followed by a savage drop in short term price. Looking at the previous strength areas, I suggest price may move back down to where wave 2 started. Red arrows point toward potential targets. Consider following me if you like my analysis and for more trading analysis.

lukeyhwh

Here we see the strongest short term trading zones highlighted with the green boxes. After seeing my previous analysis play out, we now see price moving slightly above a previous zone of strength. If the current candle closes bullish, we could see a push up to previous short term resistance point/s as indicated by the pink lines.

lukeyhwh

The blue boxes show signs of previous strength in those price ranges. We see weakness in the trading range highlight in the yellow box. The upper blue box shows stronger historical price action. This upper blue box could act as initial resistance. Currently we are seeing strength in the current accumulation phase and seem to be sticking to a solid price range that...

lukeyhwh

Here we see the 2 potential upside down smiley face patterns. It may be possible that history will rhyme itself once again and perform another upside down smiley face pattern, hopefully without the rug pull and just sideways consolidation followed by a breakout.

lukeyhwh

Possible Elliot wave with triple top. Another possible 5% to the downside where we see strongest short term support. I'm guessing we will see some more future pumps in the near future, judging by the other pumps we see in the crypto space.

lukeyhwh

Probably consolidate in the yellow box region followed by some more upside to the pink/purple resistance line.

lukeyhwh

Likely a short term sell off into the yellow box region. This is because there has been a good pump of cash. Now people will take profit, lowering the price.

lukeyhwh

A short term bounce up filling the gap, followed by some possible downside due to profit taking after the pump.

lukeyhwh

We could see strong support building on the lower line, with further consolidation above that support, we could see a 200% move up in the next 6 months upon breakout above historical resistance. Maybe a quick sell off in the short term.

lukeyhwh

PRICE WILL PROBABLY FOLLOW THE YELLOW ARROW. hopefully bounce in or off the GC.

lukeyhwh

I discovered yellow squares and green lines and thought I'd draw a bunch of them on this chart. They may coincide with some sort of price action around those levels. who really knows what could happen. I expect price to move up over time and expect some selling opportunities at each of the green lines.

lukeyhwh

points of interest looking at possible resistance and support on the way up. Based on number of times price has interacted in certain ranges. Likely to move above gaussian channel in the coming weeks, assuming the market has bottomed out and looking at trends in price in other cryptos.