By far one of the best looking charts in crypto right now (for a coin that hasn't mega pumped yet). Reminds me of RNDR before its meteoric 400% rise last month. There's a lot of horizontal resistance. The final destination could be anywhere, but initial target is ~50% gain. I took all profit too early in RNDR. Won't make the same mistake here.
One more drop and then I might think about going long.
swilton
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@harrydog1, Would have been nice if it pulled back to the 9s, but the entire crypto market has a lot of energy and TRB volume is starting to stand out. I exited this trade a very long time ago, but might reenter if it pulls back. Greed goes both ways though, waiting for lower lows for entry opportunities can be just as dangerous as waiting for higher highs for exit opportunities.
harrydog1
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@swilton, True , but everyone these days is on the ICT bandwagon and waiting for the bots to sweep up the liquidity areas. So, $6.50 seems as good as any to watch for.
swilton
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@harrydog1, It did pull back to the 9s, but I didn't reenter my position. Too bad.
harrydog1
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@swilton, Yes I've moved on also.Have a look at waves for an enter 2024. If it follows the last two cycles it could be a nice earner.
harrydog1
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I want a test at $6.50.
harrydog1
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a back test of the down trend line might be the go to 19.40 odd
harrydog1
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down among the dead men.
harrydog1
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this is not looking good.
harrydog1
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Oh, next thought,it is now under the upward trend line and has become resistance and also coming up to another downward sloping line from 2021 and august 2022 where it could break down from this confluence of resistance lines and send it to the area I wrote about.