Meme stocks have been consolidating recently, and CRYPTOCAP:PEPE appears poised for a breakout. A bullish triangle pattern has formed on the chart, suggesting a potential move to new highs if confirmed. Applying Elliott Wave Theory, we can see a potential five-wave impulse move up from the April 5th low. The recent retracement found support at a critical...
Reddit has deceived the IPO buyers but the chart might be hinting at a turnaround. Elliott Wave theory suggests a possible 5-wave downtrend is ending. The current rise could be a wave 1 up before the real rise. Keep an eye on $47.50! If price breaks above this resistance level, things could get bullish, with a potential reach towards $58-$60 at first with a...
Now, I know $500k sounds like pure hopium, but read this. Bitcoin has got a history of defying the odds, with gains of +1500%, +10,000% to even +60,000% in the not so distant past! See these green lines and orange zones? Those could be our pitstops on the way to half a million, according to this simple Fibonacci analysis . Here's the important part: This is...
Identifying potential long opportunities in the crypto market, I'm currently monitoring BINANCE:JUPUSDT and BINANCE:SOLUSDT BINANCE:SOLUSDT : Entry: 197.06$ (or a close break above resistance if identified). Stop-loss: 195.30$ Target 1: $210 (potential new high). Target 2: $259 (longer-term bullish target). Note: Consolidation around $210 could be a healthy...
I'm looking fora finished fourth wave on this one. Imo price is now carving the first wave of the higher degree pink wave 5. So, if you're not in yet, wait for a pullback in wave 2 before getting in thus minimising risk. My stop is at 6.710 as I'm already long @ 6.906 while writing this post.
NVIDIA's chart is getting interesting. There's a chance we might see a breakout towards $1000, and here's why: Elliott Wave Triangle in Play? Sharp traders might have noticed a possible Elliott Wave triangle forming. This pattern often appears before a significant price movement. Right now, it looks like wave E (the last one) is unfolding. If it breaks above...
At first glance, this correction looks like a Triangle but I believe that's a deceiving look. I'm leaning more to the bearish side on this one and think we should see an acceleration to the downside if 2153 is breached. I'm positioning my self towards that at least but since I don't really know where my stop will be (probably around 2157), I won't activate any...
The recent rally has come to an end as you all can see but is this a buying opportunity or a sign of things to come? Key points: ]MEME coins are experiencing a pullback. This could last days or even weeks. Coming price action will tell. Fibonacci levels (100%, 127.2% , 161.8%) could be potential entry points. These levels represent historical support areas...
Price has been slowly rising while contracting a lot those last few weeks. It's not a bad idea to try to buy now imho. Stop at today's low @36.46 or a bit lower @36.30 . Target is open for now
Buying right now is a bit too risky for my style. I'll wait a bit and see if price can drop to the 80-82 zone, stalls and starts to go back up without going below 794, otherwise I'll pass on this setup for now. BINANCE:SHIBUSDT , BINANCE:DOGEUSDT are of similar setup although I prefer to stay with PEPE as it's leading the two others for now.
If you're wondering if a dip in those MEME coins is a buying opportunity or a sign the party's over, measuring % price drops during such big rallies is a very valuable tool. Here's how: Track the % retracements: During a big rally or steady uptrend, healthy pullbacks typically retrace similar percentages. So, simply measure the size of each dip and compare...
I'm looking for a rise from current levels as long as price stays above 40.55$ which is my Stop . Very little risk with a profit potential of 3R if not more.
The best move for this finished imho. We should see a correction that ideally shouldn't exceed -10% from the high but it will be mostly time consuming, frustrating all late comers. So, if you're a short/medium term trader it's best to just take your profits and stay out of the market for the next few weeks or try your luck somewhere else in another group. If...
Price contracted very nicely those last few days. Stop is at today's low. Target is open.
Hey guys ! I know I haven't been actif lately, I apologise for that, my other projects are taking up all of my time and focus sadly and it's not about to change for now at least. Also, as you've noticed, there's haven't been many good opportunities to buy the last few months... So, it's been best to simply stay out. Anyway, here's a quick update on the...
Buy point is/was when price moved above yesterday's high around 206. I'm using 202.8 (today's current low) as my Stop. FIY I'm already long this name since beginning of April, so, I'm just adding to my current position.
CROX is approaching the 144 - 146 resistance zone. It's possible for it to go for 148-150 but I won't chase it as R/R isn't good enough for me right now. I'll wait for a small correction that should last more or less one trading day and ideally price needs to be contained by the orange marked zone. So, I won't touch it until Wednesday at least so I don't get...
Interest rate decision is in less than 15min and a 25bps hike is expected. Markets have run ahead of it this week so a small pullback is likely but as long as prices stay above the dotted Invalidation levels, there's nothing to worry and we should resume higher tomorrow probably. From a risk/reward perspective, I think it's a good idea to look to go long,...