The Good: Seems to have held the area of concern and is making Higher Highs. The Bad: The bounce off of the area of concern looks a bit lazy and is finding resistance on a wee bit of resistance that was previous support and is also in the algo area. For the bulls the first thing is to break back above this area and flip it back to support again and continue higher.
Played this variant, there is a bears variant as well so will be watching this retrace for clues on whats really going on. Staying above 24.57 would be ideal, MO.
Popped up off the POC from the last chart, finally decided a direction atm. These are the pos counts im seeing atm. Still need to get over 1.50 or this could stay range bound.
Dang Fine example of an Inverse Head and Shoulders with the throw back to the neck line and everything! Been tracking it, in other places, since before the right shoulder formed and managed a nice entry! Rolling with this count for now the W1 of the Diag is not ok. Whenever a retrace starts, no rush lol, will be looking for the usual suspects for a W4. 280 is the...
Looking at these levels to hold as support for a retrace whenever the W3 has finished.
So looks like elon came through in the darkest of hours... is it going to be enough? Its a good start but its still fitting some bearish counts... Need some more green here to invalidate the bearish...at the least find support on this area and start a move up. Is "news" enough?
So it looks like the levels I was watching have been respected pretty well by the PA, but still have some work to do. .61 is a dece level to watch, flipping that would be good for the bulls. Not all sunshine and rainbow farts though. The moves slope would suggest its more corrective in nature, but the more levels it bust up through the better it would look as a...
Held this area of previous support, for now. Need to break up out of here for any type of ups to occur. Breaking below this area decisively, in a fashion beyond a wick/stop loss hunt, would watch for this area to turn into resistance.
Sold at the right time...So it followed the red path from a few charts ago. Not surprised. So these are the general paths im looking at, atm. Some legacy support/resistances Im watching to react from.
Played off of the resistance line I been watching. And this is why you have a back up plan. These are the 3 paths im keeping an eye out for, not in the literal but general. These support/resistance areas have been nice tradable price areas in the past...going to keep trading em.
Did some grindage on the trendline from previous charts and broke out above finally. Not on the moon yet, still plenty of resistance above! PA needs to start breaking these resistances and flip them back into support. The quicker the more bullish, the longer it takes the more i would lean toward this still being in a larger corrective structure. If these...
Trend line holding it down! Need to break out of this channel from my last chart! It looks like the omld happened, a bit deeper then expected, but theres a possibility that sharp correction is over. Doesnt mean moon at the moment. The move down could be a subwave of a larger structure. That is the bullish interpretation. The circle could also potentially be an...
Rode it up form .09, shorted from .82 with a few orders. But watching for some clues here. Got the looks of a double Zig Zag atm. Wouldnt mind one more leg down to hit some fibs and bounce off of some support/resistances. 2xZZ does not always mean correction is over btw.
This is the basic bullish PA id like to see for ADA to dig it self out. Was expecting a bit of a stop loss hunt dip down... but need to put in some more green here to say bottom.
Got the bounce I was looking for but not out of the woods yet. Looking for a nice correction, when ever this little move up is done, to gain confidence in more of a move up. Also there is some heavy resistance up above that it needs to reclaimed. Price is at one now and 60k is a yuge one...but a couple dillies could make quick work of it lol.
So for this variant, would be nice if it could claw its way up and out, but there are many obstacles ahead the ways up, support/resistances. If it falls some more 50k is on watch.
Hit the area I was looking for and reacted! Now on to phase 2, hold this and bounce! Not sold on the idea that a turn here means an automatic ath . It could just be in some kind of larger sideways correction. Obviously, these support resistance levels are going to be an important part of my analysis... if it bounces here.
So the PA destroyed the ZZ idea and followed more of the sideways correction I had. Gun to head, im rolling with this count for the mean time. May be another retracement here coming soon, drops in momentum and volume are indicating so. But its got the hype on it so def not a short.. yet. Boxed are the most likely targets for a wave 4 and 5. ATM could be done with...