A quick analysis on Cardano(ADAUSD) :
1) Cardano had a nice IMPULSE run-up from Dec 2020 to Feb 2021 going from $0.13 to $1.47 as shown in my 5 point wave in the diagram above
2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase
3) Looks like the correction is a FLAT correction look at my...
Bitcoin has surged over 1700% since March 13, 2020 -- without a major retrace. Might a 50% retrace be nice, normal, needed or required before advancing further? I say yes to all four. And it is well underway.
I'll let the formations do most of the talking. The diamond tops are some of my favorite technical chart patterns, but this comes with a couple added points:
Break the area of support on the Diamond's right side
Must have a lot of volume after breakthrough
Some important news backing the move
Declining Momentum indicators or crossovers are a bonus
NULS saw a massive breakout on BTC charts followed by a textbook retracement right back to our liquidity area.
This is prime real-estate for picking up a potential long and there's PLENTY of up room left on this chart.
These corrections on the market ARE NOT a bad thing. I know it seems like the sky is falling, but for growth to continue we must stay away from...
Just dipping my toes back into the charting waters, this time I'm in for the long haul and setting up to stream!
Was just perusing the crypto screener here on TV and saw BATUSD @ the top of the strong buy ranking. Figured I'd check the chart and see if I wanted to dip back in... think I'll be putting in some limit orders and waiting for some sheeple to cash out...
REN is an excellent project, and one of the earlier projects to take off on this overall alt run. Feels like forever ago!
Looks like we're almost done with the retracement and ready to swing up for our next leg of the journey. Already breaking out of the...
TSLA is currently completing it's wave 3 of C of B which means we are still in the correction and resumption of bearish trend will happen soon.
Important resistances are 763 and 825 corresponding to 0.618 and 0.786 Retracemenets respectively. A small correction and 1 more short ascending wave is predicted before the completion of whole wave B and starting down...
Another idea why the $SPY has had an incredible run. A simple and effective analysis - K.I.S.S!
DIFF = -
The spy has historically respected the daily 200 MA. In four different sequences, we see 3 times where there is 1 return to the daily 200 MA over an extended period of time:
1. 463 Days : DIFF - 37.98%
3. 272 Days : DIFF - 23.92%
After hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over:
1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off...
On the daily, you can see, FIL jumped all the way to the "golden number" (1.618) on the Fibonacci, and has started its decent.
Looking for buy opportunities at retrace back to .618 or .5. Hopefully, we will see $80-$100 range on the retrace.
This may have been the pump for FIL this Alt Season, or could just be the beginning!
Thanks for your...
After the Huge pump doge is continuously dropping and the bears are not settling yet. We can see one more drop to the previous low and the drop can below the support and will use it to form some strong reversal pattern. These patterns will form below the support like.
This post is just to share my views on doge. This is not trading advice in this...
Chart is a bit messy, but pretty self explanatory. I'm taking profits on XRP and look for re entry. Still long term bullish.
I know, everyone's saying Alt season is here. Overall sentiment is very bullish and shifting in favor of alts. So why would I sell?
XRP has often deviated from the rest of the market, as we just saw with this 100% pump while most coins...
HMBL, 1D: This Gartley has exceeded the 0.786 retrace to a full 0.886. Observed reversal divergence is Class A bullish following a double bottom at the PCZ here near 1.40. Overhead Fib targets have historical precedence, very easy risk mgmt just below $1.