Stoic-Trader

Stoic-Trader

Gray waves 1 and 2 seem to be over, with gray 2 setting a bottom at 0.004746. The new uptrend is looking like a leading diagonal, and the gray zone could provide support to end blue 4 and begin blue 5. This gray level is where I´ll look for reversal patterns in smaller timeframes, for long trades.

Stoic-Trader

The correction went beyond gray support, which is now serving as resistance. This resistance, along with the green ascending trendline that was broken, are now holding price. My primary count considers black C has already finished, and we're in a new upside. The secondary count (based on the lack of RSI divergence) considers one more leg down is due. A break...

Stoic-Trader

Bulls have shown up and I believe we will see a short term uptrend. Targets are in 1x, 2x and 3x Stop Loss, and coincide with key resistance levels. 🚀 Entry = 2.07745 ☠️ SL = 2.06585 🏆 TP = - 2.08908 - 2.10055 - 2.11221

Stoic-Trader

At the moment, I still don't see a clear bullish argument for ONE, even with the upside on the last few days. My primary count considers we still have one more leg to the downside for black 5 / gray C. There is a strong resistance level in 0.0250. I'll consider we're bullish again if we break the purple level (at 0.0304).

Stoic-Trader

It's not yet clear if the correction is over or not. Price is currently testing strong gray resistance. I'll consider the bullish trend is back once we break the purple level. The lack of RSI divergence still gives us a decent possibility that one more leg down is due.

Stoic-Trader

We can get a good overview of the correction in the weekly chart. The ABC correction is beginning to find support levels, but it hasn't tested the major gray zone at 0.040. Of course it doesn't have to, but this would be a good level to look for long trades. Once the purple level (at 0.0667) breaks, I'm definitely bullish.

Stoic-Trader

Expecting a new leg to the upside after retracing 50% from the recent price rise. Price action is indicative of an impulsive wave to the upside. Entry = 1.6180 SL = 1.4768 TP = 1.7596 / 1.9011 / 2.0421

Stoic-Trader

The correction from the March high is still ongoing. Even though 1.000 (green zone) is offering strong support, I still believe we will see a stop-hunting event for another leg down before a recovery. If that doesn´t happen, I´ll be bullish above 1.695 (purple line).

Stoic-Trader

Gray support, which matches 61.8% pullback is being very resilient. My primary count considers the correction has been finished, but I don´t rule out a stop-hunting event for a new low. Above green resistance, I´m very bullish.

Stoic-Trader

Expecting a continuation of the upside for red and blue wave 5. 🚀 Entry = 0.66042 ☠️ SL = 0.65855 🏆 TP = - 0.66229 - 0.66416 - 0.66603

Stoic-Trader

I'm considering the current downtrend to be the correction from 2171.30 to 4093.92 (black Fibs). 61.8% (2905.75) is offering solid support. Nevertheless, the 100% extension (which occurs more them 70% of the time) sits at 2693.35, which matches the green support zone. My preffered path for a reversal is shown in the orange arrows - a test of green support, with...

Stoic-Trader

GMT is seeing some recovery in the last 2 days, but I see no reason to be bullish yet. I'm looking at an ending diagonal (green I-V), which would require one more leg down to complete blue wave 5 / black wave C. There is also no RSI divergence and no higher high. Overall, bears are still in control.

Stoic-Trader

IN the 4h timeframe, price is making a flat correction (ABC) and I expect support in the blue zone for continued uptrend. The blue zone represents a convergence of previous support zones and 50% pullback from the impulsive wave.

Stoic-Trader

DOT finished a 5-wave cycle which is now being corrected. Wave C could have finished in the green support zone, but I don´t rule out another leg down. The break of blue resistance will be very bullish.

Stoic-Trader

Taking a closer look at the 4H timeframe, it seems that the downside is not over yet. The upside movement was corrective (green ABC), while the downside is impulsive (green I-V). I expect green resistance to hold any bullish movements.

Stoic-Trader

DOGE's correction could be wrapping up the blue ABC soon, which could give us long trade opportunities. Ideally, I'd like to see a recovery above gray resistance and retest, for a new wave up targeting green resistance (around 0.165-0.170.

Stoic-Trader

The dollar is getting a reaction to the upside, and my primary count considers green wave IV is finished. Stop Loss is set below wave I high. Final target is just above green wave III for green wave V. Intermediate targets are in resistance levels along the way.

Stoic-Trader

Even though we're still inside the black channel, the conditions are in place to consider price is back in the uptrend. Major gray support has been broken and is being retested. If this level holds, we're set to test the mid 0.0003's.