I hate to be a bringer of bad news, but I have spotted a bearish divergence on MATIC 4h chart, it already happened once, could happen twice. If the price gets above EMA 21 and holds, it is invalidated. Take care :)
So, ROSE did 90% in 11 days and is already showing signs of rejection exactly at HTF range high. It is a good buy, right? KEKW Alright, back to being serious.I am seeing potentional cup and handle pattern or double top. I will be watching for bounce from 0.36-0.38 or rejection there - MARKET will soon tell us, I got a feeling :D I tried to draw some projections of...
HTF perspective - 1D chart We are at the end of descending triangle, SXP still can go both ways - RIP or UP UP scenario would be clean break above red TL - retest + hold with not much of a resistance to $3.5 imo RIP scenario would be R.I.P aka worse than stablecoin. DO NOT jump in yet imo since SXP has not yet decided its direction, be patient. CHEERS :)
Seems like the bearish divergence on 4h chart is playing out. The EMA 21 support did not hold. Overall SUSHI did 100% with little to no correction so I think 30% corrective move is healthy with making HL and continuing with the uptrend. If we do not make HL and make LL instead or lose $7.5-$8 support, there is a high chance we are gonna revisit the HTF range low...
HTF perspective --> sushi hits range low --> pumps towards mid range or range high It is still in the huge downtrend, so far playing the range --> 3 possible scenarios ? IMO we hit the mid range, after that, keep an eye for a while to decide which direction we go
Explanations in chart, if retest of S/R flip does not hold, it is invalidated.
Everything described in chart, I think this is very possible long setup with only 1 potentional resistance on the way up for easy 20%.
I would like to see another HL made around the white box and then boom HH around 7.42
I posted kind of a bullish idea on SAND few days earlier, but my pov switched when I zoomed out from 1h to 4h and i cannot unsee this almost pitch perfect H&S pattern. Lets see if this plays out, or not :)
I was looking at FTT chart from HTF perspective and I could not unsee the similarities I saw in the beginning of the uptrend. We can clearly see HHs and HLs which confirm the uptrend but if you watch the double retest of trendline with EMA 12/21 crossing up - it started a huge move upwards to the new ATH. All I am saying is that it is looking like the trend line...
FET from the HTF is looking like it wants to get back into the trading range. IMO watch out for EMA12/21 crossing up while breaking the white box and it might get spicy. Nothing really to trade yet (on the HTF), just keep your eyes on FET daily chart.
Past is known to be repeated... sort of. Well I see some similarity once LUNA previously reached ATH, dropped rapidly, bounced from trend line (around 86-88 imo) to at least old ATH or perhaps even higher, market will show. I dont say it is 100% gonna play out, but I will most likely load some in around 86-88.
Since EMA 12/21 crossed up, the EMA 21 works well as a support and the white box imo is crucial, if we break it then we might aswell pump it.
POND has reached an area of interest for me, added some to my bag and will see how this plays out. POND is known with incredible swings up so.. nothing more to say.
As described in the chart, watch for possible breakout of trend line and crossing of 8 EMA and 20 EMA.
4H TA on Floki Inu 1. staying withing the current trading range - buy low, sell high (WHITE) 2. breaking through current resistance zone and possibly reaching the target line (GREEN)
Luna - possible scenario of making another new ATH, staying within the ranges, then bouncing from trend line around 60 usd with slight retest of 66.5 usd to ATH, slight push back around ATH and then breaking current ATH. Following up the retest of ATH with bounce up to the trend line.
After RLCUSDT went parabolic and made an ATH, it has made several attempts to recreate the move or even go further to the new price discovery. I found a crucial resistance which is showed as a white box in the chart. Yesterday RLCUSDT looked really strong, but got rejected again. If it stays withing the ranges of triangle today, I think there is a great chance of...