Quickie: Looks like its breaking up, would be nice to have the area flip into support but a nice large green candle would be nice too... A couple paths ill be watching. Possible algos in play as well.
Quickie: Looks like price is getting squeezed between the box of resistance and the raising trendline. So alarms set for each way of a break, will let the market decide which direction it wants to go, then follow. If it gets super tight would be looking for an entry.
Quickie: Some nice confluence in this boxed area, , Elliott wave, fibs and a previous resistance. Watching for this area to flip into support.
Quickie: Possible bullish scenario. Breaking 640 and hold as support would be a good start towards confidence in this count.
Here is a visual representation of an Elliott Wave Zig Zag with some common labeling mistakes. Also has some idealized Zig Zag guidelines as well.
Up 340% since entry! Follow the path from the last chart pretty dang good, MO. Some bullish paths im watching out for, looks pretty clean so far. AOI on the chart. IF the wave 5 of 3 as labeled is done, expecting a wave 4 to be put in, wave 5 could still be rolling though. EWO agrees with the count for now. I do have a bearish count on my last shared count I...
Got a reaction where I was looking, but not out of the woods yet. Still keeping an eye on the muy importante lazer to hold. IF i have this correct looking at the white box as a most likely target for the wave 5, again if that pivot was the orthodox end of the potential wave 4. Wave 4s in nature can take time to evolve so not expecting a immediate shot up, though...
Been following the path from the last chart dang close! So possibility its still finishing up the D wave of the Triangle, with one more leg down for the E wave. Got AOI marked on the chart. There is a slight possibility its done, so if it starts moving up and breaking some of those pivots would lean that way. This structure is getting drawn out and its starting to...
Triangle VARIANT. So A Bunch of stuff I could go into here. BUT, TLDC, It could maybe be a triangle pointing up, no rules are being broken, but some guidelines are. So because of that, my confidence in the count is questionable. Basically, Doge has to prove it. IF it can hold the $$$ box area, and these supports, and pump past the proposed Wave D, I would lean...
Just hit the channel boundry, 1:1 the 1st move, and the 1.618 for the proposed 3. looking for a W4 atm. 1.70-1.80 is the area bulls want to defend, MO.
Nailed the Ending Diagonal entry from last nights chart! Now im seeing a zig zag down and a zig zag up. the 3rd move is a bit questionable atm. Could still be multiple things, most are corrective, with a Leading diag being the most bear, atm, MO. The 2nd ZZ did hit the .80 fib retracement of the 1st, so dependent on your wave B/X fib retracement allowance could...
Up 1200+% at this point! So it looks like the wave out of the triangle decided to extend into a protracted wave. IF that is so watching for these counts to play out. Liking the white count a bit more, seems "cleaner" and is the more conservative count im considering. But both share many common traits so in either case, atm, looking for a wave 4 corrective...
UP 500% since first post and it NAILED! and penetrated the Post Triangle Thrust projection! So if this was a wave 4 triangle there is a POSSIBILITY this move could be done, PA even hit a most likely target for a W5. Going to watch these area to see if they hold as support or break below and turn into resistance.
DANG! NOICE! Charts have been hitting pretty dang good, MO. Check them out below! So now what? Well with out going into the boring Elliott Wave stuff, lol, pretty much helped with the swing expectations, but here is a target IF IF IF it was a W4 contracting triangle. May expect a higher target depending how this move plays out. 1st thing is 1st, lets see an ATH!
LOVE seeing these long term charts play out so well! Elliott wave FTW, if this is correct, could be seeing some nice ups!
So the 2 time voted "grandma could do better" chart worked out pretty good as described in last chart, it broke the trend line down and retested the previous support where bulls were waiting and bounced 20%! BUT for this triangle variant, its not all sunshine and rainbows though, as things in the market rarely are. Still being cautious as anything could happen and...
Red Path NAILED the Price action, and my previous Elliott wave chart is progress pretty well also so check that out. If you are actively trading this asset, you may want these lines. Moved the level labels around a bit and noticed RSI on the 1 hour has bounced off the bottom, last 2 pivots coincided with overbought oversold areas. Volume still dropping. Green...
The last chart was wrong about the omlu but pretty dang close to catching the pivot point. It broke a yuge resistance area, now it just has to come down and find some support and flip it. Have a bear and bull count on here, not saying the Wave 3 is done yet, the more PA pumps the better, more proportionate, it would look. Holding 38.50 would be pretty huge...