Looking for support to hold here on the 4hr and daily to confirm the retrace and position for 5th wave move.
Raven has a lower correlation coefficient to BTC than the majority of alts and as such, possible setups may be more reliable regardless of BTC price movements in the short term.
What do you see?
Comment your own opinions and TA
Long time since last post and a lot of learning in that time for myself personally and professionally.
This is my opinion only and I am already in trades / holdings for the long term that I am not touching.
We have seen BTC continue the upward pressure as the flag consolidates, both a conservative and stronger resistance area have been inked however...
Liking what I see here for a solid buy zone.
MACD is resetting, waves are following the Gann Fan and has held the support here on larger time frame.
Barring a dump in BTC I think this is likely to move soon.
What are you seeing?
Solid looking wave counts here, looking for a buy confirmation in the 1st green, if btc drops then looking for the second, otherwise if it falls through both I would be more concerned. red is conservative target
The D3ADLYTuna is here to poison your minds with LEND
MACD on the daily has turned here, 4hr looking good as well, waiting for a 'hopeful' dip back into buy zone here but this has been a consistent trend line buy zone as well.
Support has held well.
-Always use a stop loss.
-Utilise alerts to notify you when you are...
The D3ADLYTuna is here to poison your minds
The purple lines show approximate short term targets but read these in conjunction with BTC movements. As this is a strong support and low level I feel comfortable riding another wave 1 upwards and happy to ride out the waves.
A short stop loss below the buy zone and recent lows should suffice...
Lsk has been on my radar for the last few days as one that hasn't really moved much in the currently rally, potentially delayed mover, with the drop its now sitting at the bottom of the channel/pitchfork with 4hr MACD turning.
Barring another fear dump this looks like a solid entry with a tight stop loss to be safe.
The D3ADLYTuna is here to poison your minds, so let's look at ZCash.
Zec I have been watching for a while now however it has now broken out of the general down trend.
I welcome your comments and feedback.
Good increase over the last few bars.
Yes it's pointing down right now but this lines up with the current...
Its a storm! - It's broken past the support 50% line, watch for your next retrace level, Storm moved up too fast and should see a large correction if its to continue with elliot. Or it could just say F-it and do what ever.
This looks ugly to me personally.
Qtum is sitting on the 50 ma on the daily, sitting near the bottom of the ichi cloud, has falling sell volume and painted a very nice picture. You can see where the crowd on the side was waiting to buy the breakout of the falling triangle and the bears have pulled claws out. IF we hold the ichi cloud support I expect a nice bounce and uptrend resuming here....