Here are a few areas to watch for if you're still trading ZIL.
A few area to watch in support of bullish continuation. Watch areas for bearish retracement.
PEPE is bullish so the continuation is favored; however, there are bearish retracement targets to watch for.
Price has made it to an area where I'm looking for a retracement. Stay tuned!
We are experiencing a retracement. This is how it could potentially work out.
With the downtrend structure being broken with the last bullish movement to the $0.91USD target, there is potential for more consolidation which a bearish wick to the $0.3768 - 0.40 USD area prior moving up to the previous high at $0.95USD or as high as $1.018USD.
The entry point at approximately $0.36550 is in an area of inefficiency which has confluence with the 78.6% fib level and 80% Gann large volume candle on the H4 timeframe. This level is also at 50% of the inefficiency and there is potential for a harmonic shark pattern to develop. Be aware of the potential for price to dip to $0.29560 with harmonic Shark Pattern...
#Bitcoin harmonic perspective that could see price reaching down into the $12k to 12.7k range. Watching for reaction if price bounces from the $29k area. Also observing the Wyckoff Distribution in this analysis as well for reaction zone confluence.
I've been watching this since the CNN Article dropped on 12/1/21. Price is in a decent area right now considering the long-term target outlook ($444 is a Great number) but there are a couple of buy zones that we can watch for a better discounted entry price.
Watching DXY for bullish movement, especially with the holiday and Black Friday approaching in the States. The bullish movement would complete a 4th wave before the bearish move to an imbalance area below.
I know that this is a lot to take in but I wanted to have a little fun with the Gann Fan to identify a potential opportunity to catch an entry on Render.
I understand that this may not be a popular publication but this TA is based on market rebalance, efficiency, and market-market greed. If there is to be no money left on the table before the XRP moonshot, I think this is how it might play out.
Watching for the continued development of the Elliott wave now that Gala has started to expand. At this time, the retracement entry zone is dependent on where the 5th wave finishes. Price action will be monitored as the candles continue to print.
What if #BTC has been in a huge Wyckoff consolidation range since the beginning of the 2021? This is an outlook that considers price action movement to $34,580.
This is a price action outlook that I will watch for next week. 3 points of CONFLUENCE for target at 93.150: 1) 1.618 Wave 5 extension of Elliot wave 2) 50% of the 4-hour imbalance 3) Potential Bearish Cypher Harmonic point D @ 78.6 An additional point of confluence is the Quarter Level. I would post the overall technical analysis used to drill down to this...
Watching for Break of Resistance @ $0.43 to confirm price continuation OR Break of Trendline to confirm harmonic development (retracement) before the next bullish expansion.
Potential upside targets at $3, $3.20 (wick high) and $3.37. I want price to dip back into that entry zone one more time but we'll see. Downside $0.70 if price action craves the dip with an Algo wick...
Watching for either Elliot Wave continuation or the progression of the 3 Drives pattern. #yin A break/close above $2.25 gives some confidence of continuation to $2.46. #Yang The alternative is retracement to $1.74 or the $1.30 dip area. If we go lower than $1.03 then more bearishness is possible as a bullish Cypher harmonic could be forming.