Shib after an initial rally off the PCZ of the two Harmonics to the left has pulled back towards the 200 Week SMA and Briefly Consolidated this level also happens to align with the 1.618 and 0.786 Confluence zones. The MACD will see be crossing into the green and if it does we can see this atleast go for an AB=CD Continuation Move from here but i think it's likely...
TRX had a similarly Bullish ABCD BAMM Pattern on the FTX chart but that has since played out and gotten shut down. Now we move on to currently active exchanges and we can still see a Potential ABCD BAMM and a Cup With Handle; if we can stay above the moving averages i suspect we will pump to the measured move between the 1.414 and 1.618 Fibonacci Extensions above.
This stock looks like it's setting up to lose pretty much all of it's current value below the moving averages and the Bearish ABCD with Bearish Divergence along with Hidden Bearish Divergence on the Weekly. There's also the terrible Earnings and there's just no justifying how bad it is. If this Bearish ABCD plays out then i'd expect an ABCD BAMM Movement down to...
DexCom appears to be in a Diamond Pattern while showing big MACD Hidden Bearish Divergence on the Weekly Timeframe that could later lead to a Confirmed ABCD/Gartley BAMM Harmonic breakdown upon the breaking the B point which from there likely could take it down to the Pattern Completion Zone of $30.64.
I will be playing this via the currently slightly OTM: FEB...
I still hold my Macro Target of $168.81 on ETH but for now just considering the local price action i think ETH is set up for a move down to around $1080 which will be the PCZ of this Potential local ABCD we may be forming here as we show Bearish Divergence at the 200SMA as the Potential C Point.
If this Weekly Level can hold and we get Follow Through Price Action then the level of the 1.13 Fibonacci Extension up at $4.35 would be our next Harmonic Target.
This is total 3 and it tracks the total market cap of all the Cryptocurrencies combined Excluding BTC and ETH and there is currently Hidden Bullish Divergence on the weekly and a potential AB=CD Pattern in development that if it plays out would add around 540 Billion Dollars to the Total 3 market cap taking us to the top of the channel where we may then face a...
We have an Ascending Triangle here on the weekly Timeframe and we are looking to target the 1.618 extension which would be the AB=CD BAMM Target from here upon breaking 500k. We are also showing Bullish Convergence on the MACD and Hidden Bullish Divergence on the RSI above the Breakout Point of the pattern.
We have Hidden MACD Bearish Divergence on the Monthly and if proceeded by follow-through price action we can be in the midst of breaking through the confirmation line of a 3 Rising Peaks. Upon Breaking through i suspect it will give us an ABCD BAMM movement all the way down to a minimum 88.6% retracement but at a maximum it could go slightly lower than that.
We have a big potential ABCD BAMM in the works here that could send the USD up to the 2.618 if we bounce from here and we are currently setting up for a Reciprocal CD leg.
We are right on top of the 800 day Simple Moving Average and the CPI data releases tomorrow so we will probably know rather or not this was a good trade really soon after the release of the data.
From the looks of it Coinbase may be getting ready to make a reciprocal ABCD movement downward as it's threatening to break through the B level and beginning to enter a CD leg that would take us down to the 1.414 Fibonacci Extension.
In an effort to trade this movement I will be buying 7 of the (18 FEB 22 $200 PUTS) that are currently trading at a premium of...
Corn seems to be Breaking Out Bullishly from a Descending Channel and the Projected AB=CD move would take us to the 1.13 Retracement. We may be able to take advantage of this Projected move by Entering now on the Breakout and an attempt to capture the CD leg's Projected Move Up.
We also have a bit of RSI Hidden Bullish Divergence to back up this Potential Early C Entry.
