Is this the Wyckoff price cycle for OP? It matches up with a $10 target from a cup and handle idea, I have posted it in the comments and related ideas. There are no guarantees, but a lot of coins seem to be in some type of Wyckoff trading range.
Comment:
LOOKOUT FOR A SPRING THAT MAY KNOCKOUT THIS TRADE!! This is exactly how the market maker stops you out and makes sure any positions you have accumulated/in a trade gets stopped out/liquidated!! The Spring in accumulation is designed to freak you out and stop you out!!!! Stay woke!
Comment:
This is what a Spring is designed to do!!
"Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring."
school.stockcha...ts.com/doku.php?id=market_...
"Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring."
school.stockcha...ts.com/doku.php?id=market_...
