Hi Guys,
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I have provided a projection channel. As you can see the lower section of the projection channel utilises the bottom lines since the genesis of the coin. The integrity of this is in tact. This lower channel line targets over 5 cents. The upper channel line puts us at around 16 cents. Once we break out, a conservative call is that we target these key areas on the next set of five Elliot Waves (EW).
You can also see that we are still doing ok with the MA100. Once we gets some upward price action and momentum, the key area for resistance will be the previous high range (0.48 - 0.50). When that is breached, we are popping champagne like New Years Eve, because it is clear waters ahead. Kai's yacht main sail will be propelled the full force of wind and ploughing through the oceans. Those next five waves are going to be a sight to behold.
As you may remember from my last chart, we have already run the first five waves of EW. Therefore, we are currently in the correction mode. Corrections can run deep and this is no exception. However, you can see I have a bull signal now. Whilst this can easily be defeated, it is more probably that we will see a shift in momentum and upside movement.
On the 4 hour chart the MACD has crossed and the RSI is way down at the bottom showing us we are over sold. Both of these indicators are positive. You can also see that volume is slowly increasing. Another positive sign.
Another way to look at Kai right now is that we have just completed a wave 1 and in the process of corrective wave 2. What happens after wave 2? Usually the biggest wave of them all. Wave 3. Then another wave down for wave 4 and then wave 5, which can sometimes top wave 3's stellar pulses.
This is a great zone to accumulate. The sellers are getting exhausted. The bulls and strong hands will take over centre stage and get ready set to rampage. Let's get ready to RUMBLE!
As always, stay safe in these crazy times.
Love and light,
Crypto Nut
Please smash the like button and follow to stay up to date. Thank you in advance for supporting me.
I have provided a projection channel. As you can see the lower section of the projection channel utilises the bottom lines since the genesis of the coin. The integrity of this is in tact. This lower channel line targets over 5 cents. The upper channel line puts us at around 16 cents. Once we break out, a conservative call is that we target these key areas on the next set of five Elliot Waves (EW).
You can also see that we are still doing ok with the MA100. Once we gets some upward price action and momentum, the key area for resistance will be the previous high range (0.48 - 0.50). When that is breached, we are popping champagne like New Years Eve, because it is clear waters ahead. Kai's yacht main sail will be propelled the full force of wind and ploughing through the oceans. Those next five waves are going to be a sight to behold.
As you may remember from my last chart, we have already run the first five waves of EW. Therefore, we are currently in the correction mode. Corrections can run deep and this is no exception. However, you can see I have a bull signal now. Whilst this can easily be defeated, it is more probably that we will see a shift in momentum and upside movement.
On the 4 hour chart the MACD has crossed and the RSI is way down at the bottom showing us we are over sold. Both of these indicators are positive. You can also see that volume is slowly increasing. Another positive sign.
Another way to look at Kai right now is that we have just completed a wave 1 and in the process of corrective wave 2. What happens after wave 2? Usually the biggest wave of them all. Wave 3. Then another wave down for wave 4 and then wave 5, which can sometimes top wave 3's stellar pulses.
This is a great zone to accumulate. The sellers are getting exhausted. The bulls and strong hands will take over centre stage and get ready set to rampage. Let's get ready to RUMBLE!
As always, stay safe in these crazy times.
Love and light,
Crypto Nut
The link above shows an even clearer picture of where we are going. It is on the 1 day chart. As you can see only three signals. A bull that took us all the way up (the five ways) a bear (correction) and now another bull signal. Guess where that takes us?