GVT - Currently down trending and yet to bottom out, possible bottom is the 10k area. GVT is respecting confluence zones, has bounced off previous ones as show below in this description, Ladder buys between the 10.5 and 10k area with a stop loss set at 9887 Sats, possible target is the 11.5k area
MACD is Bearish
RSI is the middle
50 MA is above price
Look at the ...
Santa just hit pause on the "bear" and we are likely to have yet another counter rally.
Remember that Santa can only brings so many presents and that we in my opinion are gonna resume the bear when:
1: If we have a shallow retrace, we stop at zone 1 (Fib 0.3-0.5) and the hit "play" on the "bear" immediately.
2-3: If we are going above Fib:0.5 into ...
Alright so here is a good setup i have come across now that the markets have closed .. unfortunately i am currently in GA longs which i have not exited for the weekend .. hoping for one last push up (liquidity spike) then the sell from this potential daily supply area in confluence with the 78.6 FIB level and the 4hr ABCD Pattern .... Great Risk to Reward ...
Testing out a new trading technique using Bollinger Bands on the RSI, price should retrace to the suggested buy area and with ADA being in a triangle, (similar to the XRP pump in September(i think??)) and currently down 89% from ATH this puppy should moon, if all goes to plan it'll probably blow my targets out of the water.
Nice scalp short opportunity off current trend line ,
Then a wait and see if this gartley can complete could give good bounce back into the consolidation resistance given we can hit both targets
Gartley completes at pretty significant previous support levels (Will update with bigger picture) giving a good spot for stops