Touching 4H downtrend line with bouncing off strong supply zone at 0.618 fib level at daily time frame targetting the previous lower low.
Looks to be great setup for a swing. Auntie Cathie has been buying a lot of shares of SKLZ lately SKLZ -- LEVELS: 14, 15.60, 19, 20.70, 23.30, 25.70
A quick look at #PancakeSwap (#CAKEUSDT, #Binance, 4HR): Whether we see a wedge or a broadening formation, CAKE is broke up from it with a nice spike in volume. If confirmed, it could be a good entry. If it fails, price could go back to the $23-$22 level. If you want to read more about PancakeSwap on CoinMarketCap, click here . What do you think?...
A quick look at #Ren (#RENUSDT, #Binance, 4HR): There are two way I can look at this chart: A) Ren broke out a descending triangle on March 26; B) Ren broke out yesterday from a triangle. Either ways, price has been ranging since March 26. Let's wait to see if the price bounces back from the upper side of the triangle, or for a confirmation of the upper...
A quick look at #Litecoin (#LTCUSDT, 4HR, #Binance): Price broke the upper resistance of the pennant pattern on April 5. After reaching T1, it stopped at $297 on its way to T2. Price is now retracing to S1, where it might bounce back. If not, next supports are S2 and S3. What do you think? Still learning here, so any constructive feedback and positive...
A quick look at #Livepeer (#LPTUSDT, #Poloniex, 4HR): Price broke out the upper resistance of the triangle pattern . Let's wait for a confirmation of S1 or S2. If confirmed, we could see #LPT explore higher grounds. If both fail, price might go back down to S3. What do you think? Still learning here, so any constructive feedback and positive vibes to...
A quick look at #NervosNetwork (#CKBUSDT, #Binance, 4HR): Price broke the upper resistance of the wedge pattern on April 11. However, since April 8, it's been going within a tight range between $0.029-$0.032 (reaching up to $0.035). It seem the , where it seems S1 is struggling to act as support. If it manages to hold and bounce off of that and break through...
A quick look at #Ethereum (#ETHUSDT, #Binance, 4HR): ETH has been in a wedge formation since March 20, and broke previous ATHs three times. Price has been in a tight range since April 2 and, on April 13, it broke out of the pattern. After reaching T1, it stopped at $2,548 (ATH). If S1 holds, ETH can try again to break the ATH and move higher. If S1 does not...
A quick look at #TrustWalletToken (#TWTUSDT, #Binance, 4HR): Price broke the upper resistance of the pennant pattern on April 4 with a nice volume spike. Since then, we missed TP1 by a $0,01 and lost support at the $0,80 level. Currently, we are testing support at $0.74. If it manages to hold and push higher through resistance, we could see #TWT resume its...
A quick look at #TheGraph (#GRTUSDT, #Binance, 4HR): Price broke the upper resistance of the wedge pattern on March 28. Since then, we managed to reach TP1, and now price is in this tight range between $2.15 and $1.90 (S1). If S1 holds as support, GRT can attempt once again to break R1 and resume its walk towards TP2. If S2 does not hold, price could find...
A quick look at #Chromia (#CHRUSDT, #Binance, 4HR): Price timidly broke the upper resistance of the wedge pattern on April 8, but it has also been trading within a range since March 16. CHR needs to break R1 before aiming to TP1. If rejected at R1, price should go back to the EMA200 or S1 and, if that does not hold, to S2. If you want to read more about...
A quick look at #Polkadot (#DOTUSDT, #Binance, 4HR): Price broke the upper resistance of the pennant pattern earlier today, April 17, hitting its ATH at $48.36. Since then, the 1HR chart shows what to me seems to be a confirmation. I opened a position at $44.63. If DOT manages to flip R1 into support, we can try to reach TP1. If it does not hold, price...
A quick look at #ChainLink (LINKUSDT, 4HR, Binance): Price broke and retested the upper resistance of the pennant pattern on March 31, and the following wedge on April 13. LINK then managed to break TP1 (Woo-hoo!) and run up to $44.40 (ATH), short of TP2, where it was rejected. With the double-top, price is taking a break and should likely find support at...
Hello traders, We might have a chance here to gain some profits during this Re-accumulation period. Targets are on the chart. Good Luck!
A quick look at #Algorand (#ALGOUSDT, #Binance, 4HR): Price broke the upper resistance of the triangle pattern on March 29. Since then, it broke the $1.47 resistance, flipping into support (S1). If S1 holds, price can try to break R1 and push the price higher. If S1 does not hold, price might go back down and try to rebound from the EMA200/S2. If you...
Hello traders, after reviewing my previous chart, I decided to create a fresh chart as I had put too much emphasis on an indicator and not price action. I'm currently trying only a new combination of Wyckoff and Elliot counts (Fractals). I've focused on only keeping VIX, RSI, and EMA as indicators. I still believe we are entering the 5th wave move and have already...
Hello traders, Here is my plan for DogeUSDT. Doge has left its range and is in an upward trend. RSI is over-extended on the 4hr so I expect either a quick pullback before continuation or a deeper retest of an earlier order block before more upward momentum. VIX is flat and EMA's are fanning out. Just need to time entry. There shouldn't be a deep retracement at...
Hello traders. My wave counter is indicating the start of the 5th wave break out on the 4hr. The yellow line is the quickest and is for individual/sub-waves counts, the green line is for each completed 1,2,3,4,5, the red line shows the whole structure. The yellow line will show when to exit and when to place buy/sell orders etc. We had a short two-wave correction...