With this counting, the recent pump could be explained as a bear trap (4 wave against the dominant trend downwards)
The likely target for the 5th wave would be 37-39k
Flux has been very stable during the recent market crash. Insane relative strength. It is on its way to ATH and it moving very fast.
On the 15 min, you can see a nice cup and handle forming. On 4H we have a bullish MACD crossover.
Be buying the breakout with huge volume.
My take on a bullish play within the next few days.
The deciding factor for me will be that we keep the trendline, as of right now, this might as well go into an impulsive wave in the bearish direction.
So what does speak for bearish? We have a bullish divergence on the 4h and a macd crossover on the daily.
Iota is getting ready to move on.
Potential entry point is breakout above resistance paired with spike in volume.
New ATH will confirm the trade.
Potential targets are 1.65 and 1.95
Buy outbreak above the blues resistance line with increased volume. If it crosses the grey resistance soon afterwards the entry is confirmed.
This coin is still getting a lot attention. There could be easily be happening another pump today.
