AAVE in price discovery - LONG OPPORTUNITYAAVE is a relatively new coin with solid fundamentals. With it being so new their isn’t much historical data so we will have to rely on fib levels for a reliable entry and exit point. The Stock RSI is saying it is overbought, but the big volume spike is confirming that this move is legitimate. If you don’t already have a position, I would wait to buy in between the 1 and the .786 fib levels. I don’t think we will see it drop to the .786 so when the RSI comes down below 40 I would enter there.
Entry - $400
SL - $362
T1 - $540 (R/R - 3.38 )
T2 - $590 (R/R - 4.64 )
Fib
Bitcoin. Consolidation Before a Push Higher?So far Bitcoin has been respecting my trendlines and Fibs very well. See previous idea
It's a bit insane, but we may just essentially be consolidating here before pushing higher past the last Fib extension without any real longer retrace.
Nothing can be said until 2 days from now when this weekly candle closes.
- If we close within this area of the Fib and the trendline, it would be very bullish and I would expect price to push up next week.
- If we fall below the 3.618 Fib, I expect we move back down to the green trendline.
Blue Skies For Algo This Year ? ALGO/BTC #algo $ALGO #Bitcoin Here we see our weekly ALGO Bitcoin chart . It's looking extremely nice for upside as it already hit a TD Sequential 9 in red and has gone up .
You will notice the last resistance here above us seems to be near 6500 sats on the weekly chart and the last resistance on the daily chart is near
9153 sats which is also near the .236 fib . When we get above these levels we will be in price discovery mode - which is also known as " Blue Skies "
. or a Blue Sky Breakout .
Because there would be no more resistance above us to stop us ! This would probably bring us at least up to the .50 fib near 17600 and above that the .618 fib near 21600 . That would be at least 10x up from where we are right now - and possibly much more. Could be a Blue Sky year for ALGO !
XRP Daily - Fibonacci With the zone mentioned on the chart being from the weekly timeframe, it is likely that we will see a push towards this now $0.26 has broken.
The wick on the 22nd to $0.24 was also a sign that this move is likely to happen.
This would close the Monthly candle as a doji which is a good sign next month should be bullish.
XRP 12H - Daily Bullish Wedge RevisedI have revised this wedge / triangle to suit the 12H timeframe which includes a solid fibonacci retracement.
The price action did not abide by the previous post so amending it to suit the most recent high and lows makes more sense.
If we zoom into the 4H we can see the 61.8 being respected and now the 78.6 being tapped to a T
Should this hold and we see a solid 12H & Daily close back within the trendline / triangle, I would be very happy with this set up and a bullish move to happen going into Feb.
KNC PRICE TARGET THIS WEEK MAKING THE CALL
HAPPENS BY FRIDAY
I HAVE DECIPHERED THE CROP CIRCLE
TIME TO BET THE FARM
Lol, for real though, ive been doing this fib circle on knc as an experiment and have many times on numerous amounts of charts rearranged the circle to the point of a headache. but KNC has structure well enough to make sense. everyone knows alts are having their time in the sun cuz daddy bitcoin is allowing it for now but I believe this fib circle, and time line adds up. this is in log scale
Potential Bitcoin/USD Short Position to $23000I am personally looking for a short position on BTC/USD.
Price has dipped below support on the daily chart.
I am looking for price to touch off of this descending trendline/resistance.
and for the -68 FIB level to get hit and for price to reverse and find support at $23000.
XRP Weekly - 20th Jan - End of Month OutlookCurrently we are between the 61.8 and 78.6 retracements following the big move in November
The grey arrow shows that we had a Lower High formed, just barely, from the 22 June low - followed by a bullish engulfing.
And since then we have had a Weekly wick to the 78.6 again and close above.
A solid Weekly close above the $0.366 and we are away.
Coincidently, Brian Brooks said on Dec 4 that we would have regulatory clarity within 6-8 weeks, which also aligns with this price action.
twitter.com
Check the next chart for a Daily triangle forming which aligns with this bias.