FA: CogX June 10-12th (June 11th 5pm for the Fetch.AI timeslot) SA: Binance IEO sentiment is at an all time high. TA: Daily looking strong, losing the daily diagonal would not be good. Invalidation: BTC dumping could return us back to the daily POC or below.
A/D indicator and Time bars don't hold any significance here, just playing around with them.
Short-term update: H1 closed above the first weekly red and daily black resistance, continuation would run it up to .2500.
Don't want to get too hopeful yet as BTC might chad pump/dump, will update trend-lines when/if we break both weeklies on the H4.
Trade active
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~No retest yet on the first weekly (now support), a strong closeout on this hourly candle and we're primed to move up to the next weekly resistance. All eyes on the H1 close in ~40 minutes.
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The Doji right on the daily black line is another good confirmation.
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Things are looking great, BTC is making a run for it as well. I think we retest the upper weekly tonight. A clear break through and this sh*ts going to go ballistic.
If the meme diagonals break I think we test the black resistance on the daily before bouncing up again. 19M marketcap vs 88.1M 24h volume is extremely bullish (cz MMs), i have stops up just incase BTC dumps here.
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^Meant to post this chart above.
Trade closed: target reached
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Stopped out above.
1.95R tweezers on the M30, going for a scalp.
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Tightened stops. 2.44R.
Trade closed: stop reached
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Eyeing the .618 retracement to restock, if FET starts running i'll eye the upper weekly breakout/rejection.
2.44R trade got stopped, would have been fine with looser stops. BTC keeping me cautious still.
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Hit the .681 retracement, not the greatest breakthrough and the H1 hasn't closed yet. Filling up further on the retest of .25 and then i sit on my hands for a few days.
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Stopped out, not inclined to reload at the .618 due to the constant retests. LINK stealing binance liquidity, rightfully so.
Focusing on ETH until majors cycle. Will re-enter alt setups at a later time.
Things are looking great, BTC is making a run for it as well. I think we retest the upper weekly tonight. A clear break through and this sh*ts going to go ballistic.
If the meme diagonals break I think we test the black resistance on the daily before bouncing up again.
19M marketcap vs 88.1M 24h volume is extremely bullish (cz MMs), i have stops up just incase BTC dumps here.
If the meme diagonals break I think we test the black resistance on the daily before bouncing up again.
19M marketcap vs 88.1M 24h volume is extremely bullish (cz MMs), i have stops up just incase BTC dumps here.