Price has touched 0.382 fibo and it's worth to open long with stop loss below fibo level (~8900$).
I expect a consolidation in the nearest 30 days, possible forming a triangle. Keep in mind possible bearish scenario: going below 9000$, that's the area of weakness, and I'd close longs if price would dip below.
Price is touching the resistance line. If it breaks, I expect it to go to 2500-3000 sat at first wave, and possible to rise up to 5000-6000 at the next one.
Volatility is decreasing and I expect a correction at this or next week. I don't think we dip much lower than 30-35% from the latest high. It would be a good area to close shorts and flip to longs between 6000$ and 7000$.
I think we are in correction phase after the last 5 waves impulse. Possible targets are 4500-5000, not only because of longs, but also for closed shorts. There is also possible X-Y-Z double wave combo, with a slightly lower targets (4200-4500).
Quarkchain bounced on 0.5 fibo line, it's good idea to entry here with a stop at 620 sat, and next possible targets are 1300, then 1600.
This little gem has just broken trendline. Correction is over, indicators looks pretty bullish.
I think about two main scenarios. 1. Bullish breakout. Price will go up and break the trendline. Keep an eye on price action, if there will be low momentum and low volume, there could be a pullback to triangle zone. 2. Bear trap. Price will go down to knock out longs and collect more shorts. However, it won't lasts too long - maybe a couple of days. After that,...
This coin is relatively new, had no strong rise yet. Market cap is only $20 mln, so it's easy to go up to 300-500%. Volume is steady increasing and the price is still very low.
Bulls are stronger now, it's possible to get a little pullback (-3-6%), but the next target would be about $6700
Recent low was about 4$ and now price is about 6$. Still in buy zone, next targets: 30-50$. This coin has very good potential.
Don't jump in too early. Watch our for a higher timeframes like 1d, 3d, 1w. Not sure about next stop. I think about two possible scenarios: touching lower trendline for 5300 and bounce up, or spike down up to ~4800 and then reversal.
Price touched 0.618 fibo and is moving up now. Next targets: 7150, 7480. This is NOT trend reversal, just a bounce.
Downtrend lasts almost for a 2 months, and now we can see a first two signs of reversal on 1w chart: there was no lower low and trendline has been broken. $7300-7800 will be key levels, because of fibonnacci 0.5 line, EMA200 and trendline. There wasn't a global trend reversal, so we are still able to see BTC below $6000 if it won't break these levels.
Bears are way stronger this time. If it falls below $6400, next target would be about $5000. Absolute low would be about $4000, it's -80% correction from the top.
Is it just an observation, but it's interesting to see.
56000 sat is a good zone to get in with a stoploss at around 45000 sat.
Check out this coin at Binance, I think the accumulation phase has been finished.