About meI am not T/A expert but I do have some knowledge using it. I will be posting most of these charts so I can look back for trading purposes but your free to use them to help guide your own crypto journey. Welcome to the Crypto Family!
The run isn't done yet. We still wave wave 5 to go but wave 4 needs to happen first. RSI is telling us that wave 4 may be starting soon. Iv'e marked where I believe the correction levels are. Always wait for confirmation before taking or exiting any position.
I originally thought and descending triangle but was premature in that call. This has now formed what looks to be a bull pennant. Please wait for confirmation on any and all trades. Keep any eye on the bull pennant forming. Bollinger bands are tightening and preparing for a move.
I believe Neblio will test the 13149 line again. At the moment it is resting on 2 support/resistance lines. The green is a long term resistance line and the yellow is a previous support/resistance level. keep an eye on if we can close a candle above the 13149.
After quite an active day for most coins it seems we are about to see some pull back. I've noted on here the possible breakdown of a descending triangle. Until I see a clear drop or a candle close below the line I won't consider this a breakdown yet. I have it entering wave 4 of a larger wave 3.
I'm just posting this a an alternate option to a chart I've been using. I assumed we had finished wave 2 and entered the first leg of wave 3. but what if this is now the final C wave of our correction. I will keep both charts a valid charts until they are proven wrong.
Well it looks like $NEBL was busy while I slept, after what was an interesting battle between the bulls and bears we have found some sort of support level. I'm not yet convinced that the upper support will hold though. I see more history supporting a drop to the lower support level. If we can hold one of these support levels I see a strong chance we make another...
Well I had a feeling NEBL was going to head downward. There was some bearish divergence on the 30min chart that I posted earlier and I said to keep an eye on it. It was kind of a toss up for me though because it had started out to a possible ascending triangle and then formed a symmetrical triangle. The yellow line that was once resistance will now be tested as a support.
This is a clear example of why waiting for confirmation is key. I had posted earlier about seeing a possible ascending triangle. But after some time had passed the triangle broke down and the case can be made that it was a descending triangle in the making. I had a clear buy in point at 560sats and had I tried to catch the bottom I could have taken a loss. As I...
Looks like $NEBL did as expected, Now its off to the races. I have marked a few historical points of Support/resistance. Volume has stayed pretty constant throughout this whole push with only a few large spikes. I expect a small pull back soon that will test the previous resistance.
Looks like we have finished wave C of our ABC correction. A nice impulse wave up has now turned into an ascending triangle. If this is Wave 3 of the larger structure we should see a continuation up Towards around 1056 sats. $BTC still will affect this so depending which way $BTC goes it could affect if this goes short or long of the target.
OK so I'm really stretching with this count. I know that wave 4 cannot fall into wave 2 normally, but the rule also states that this is an exception in volatile market and let's face it Crypto is as volatile as it gets. I'm still aiming for the .786 region. I have marked a breakout buy zone but would be very careful entering a trade there. I would need to see the...
TRX has entered a it's notorious sideways action. I believe we are in the C wave of a 3-3-5 corection but have yet to complete the final 5 count. I have marked a possible buy zone but will need to see some Volume if I'm going to take a postion.
I'm just posting this one to save and idea I have been playing with for awhile. Please don't take this as me saying this can happen, it most likely will not.
