Good day traders IOTA is kinda playing in no man’s land right now. Currently we’re trading below both the 100 and 200 MA on the 4 hr chart. With the 100MA about to cross the 200MA, we might see some additional bearish momentum. Additionally, we have a bear flag being formed to complete this ABC zig zag that should target the .786 correction at roughly 1.30...
Good day ladies and gents, This coin needs no introduction since its daily trade volume is more than most coins when they are spiking. Love it or hate it, TRX is going places. Based on the first and second cycles, we can expect TRX to be somewhere around the 5600 satoshis either within this year or the next: Now back to our trade. The only thing bad about...
Good day traders and happy Mother’s Day to the ladies in our lives Speaking of ladies in our lives, let’s take a look at ADA, whom we’ve been stalking since the decline that started on May 2nd. Please see that previous idea (in related ideas below) to get a better picture of my wave count. Basically, we were waiting for ADA to correct to this 50% retracement...
Ladies and gentlemen, In our last idea on ICX, we expected a decline to the .618 retracement at roughly 3700 but it only went 4000 and bounced back quite hard. Being that this was the confluence of the 800H MA and the 50% retracement, an algo target, we had a nice and strong impulse wave towards our resistance at 4900. After coming to a hard stop at the 4900...
From a technical point of view, the price of the VERGE cryptocurrency is in an interesting place on the chart: very close to the target level of 61% Fibo at 0.0514. From there, the price may turn back and, by breaking the downward trend line, return to the upward cycle. Resistance levels on the chart.
After the three wave advance to the upside, the marked is reversing again towards the local lows at the level of $8,200. This small wave up might be a wave x, which indicates a possible drop lower towards the level of $7,712 as the correction evolves into a complex one. Moreover, the golden trend line is still providing the dynamic resistance for the price, so as...
Good day traders This is an update to my previous idea on XEM. Please see that idea in the related ideas section below. I typically don’t like complex charting because with complexity, we have more noise. However, with XEM’s pricing action being so complex, we enlist the help of our friend the Gann Fan Here you can see multiple points of confluence validating...
Good day traders, Looks like we have a nice ABC zig zag in the fourth that just bounced off on our 200 MA in the 4hr chart. I’m bullish on EOS due to the release that's coming in June. Feel free to review my previous idea on EOS in the related ideas section below. Even though I'm bullish , let’s still trade above the pivot point just to be safe since we are...
Okay so we've found solid support along the black trendline i've wicked off, right above our last resort bottom green box. Good news is that we HAVEN'T passed through the 1:1 for the C (bottom green box), which keeps us bullish. Do I see us passing through the Black Trendline? ...It's hard to say, but at this point, we seem to be consolidating and sell pressure...
Hello traders, ZIL has gotten all sorts of pumps lately, mainly due to being listed on multiple exchanges within the same week. It has basically gone parabolic. Looking at the daily, you can see that the last time ZIL closed a candle below the 10 EMA was on April 10th. After that, it saw more gains than Arnold in his prime without a single candle closing...
ADA/BTC (Cardano) BUY, 05/07/18, written 9:45 p.m. EST, by Michael Mansfield Cardano's Wave 4 is likely bottoming at or near the Wolfe Wave trend-line (dashed black line). The low came a day early to what was optimal but within the 5-12 days that I expected the retracement to last, and mentioned in the prior Cardano post. Nevertheless, even if the low is in, the...
Deep retracements across the board following the straight rip down on BTC rejection from 10k. Some alts have already hit these low retracement targets. This is a big test for them to hold the lows and see continuation. Good for a swing near term if we can hold the pivot.
So we can see we have found trendline support currently, but will it hold? Here is something interesting, if I take a fib extension, and pull from W-X-Y, you can see that we've hit the 100% fib level, and found firm resistance at the 0.786! So we can see the Algos are at work. Currently as far as I can see, we've double topped and are now retracing, and at this...
RSI is oversold, so there is the potential to play the bounce, however it is too risky in my opinion, unless you have to motivation to do so. So as listed in my other QTUM chart, except now "updated" to fix the chart text TYPO...I have been expecting a bullish reaction here at the 61.8% Golden Zone, where YES, we can see we have found nice support...for the time...
So our supports held but weren't enough for a reversal. Which leads me to give a new count, and our red trendline is in the wind. SO WHEN WILL THE SELLING STOP?? ANSWER: The highest probability target always for an abc correction down, Is that C is most likely 100% of A = 1:1 extension. And since when have our A&B which are in, we have targets to pull from. And...
Here is my bear count, which is almost in, as it looks like we have almost completed our "bullish" triangle correction pattern, that is on its final leg down. I think my first target may be too weak to hold, but wether we bounce now or at the red trendline, we should be seeing a bounce soon. Id be watching for a bounce off the red trendline, to gage a good...
Good day traders, I had no idea you can do these recordings on here. Super easy and fun to do. They only let you do 10 minutes at a time so I kind of rushed through it. Let me know in the comments if any improvements can be made. Thanks for reviewing and good luck out there If you have found this to be entertaining at the least or if you hated it, feel free...
Shot in the dark prediction for Qtum going off the data we've got, unless there a fundamentals at play, Qtum is so closely correlated to Bitcoin, you may as well watch the BTC chart. Green boxes are entry points I'm watching...I wouldn't enter now unless Bitcoin is bullish. It's internally working its way up, trading in the channel (black trendlines), from what...