I am going to try to catch this falling one.
I am long on DRGN PERP.
My target is $1347 just below $1401 (one of the fib values)
$1401 is also where the main drop started.
The r/r is about 3.88
I lose small if my sl is hit.
This is set and forget trade.
I am putting a small investment into this. This is not the safest of all the coins.
According to Ichimoku, $ETHUSD is bullish. Below is an analysus using Ichi.
ChiKu is above the price . This is bullish
A green kumo twist is incoming. This is bullish
Price is above tenkan & kijun . This is bullish
Tenkan is above Kijun. This is bullish
We already had a retest on kijun. This is bullish. Downward pressure is less likely.
Super Algorithm has called Bullish on both 1 day and 2day timeframe
Target based on Atar COG weekly red dot. If it gets there, it might continue or exhaust. It is also right below the S2 pivot.
Parabolic SAR is bullish on both 1day and 2day timeframe
I think $ADAUSD (Cardano) might make the following moves
* Move up towards 0.12ish (1.414 fib). It is also the top end of the flat Kumo cloud. Flat kumo clouds are strong s/r. So I expect it will retrace as soon as It hits the $0.12. I am hoping to see a leledec exhausion to give confirmation at that place
* Then it retraces to the $0.058ish region from where...
Reasons why I am bullish on #ETHER
Price above Parabolic SAR
Tenkan > Kijun
Squeeze as indicated by red cross
Price inside cloud and looks like wants to cross the cloud
Potential resistance at each of the fib values
Only thing I wait for is the bullish sign from my Super Algorithm Indicator. If price goes reaches near or above $400, I...
This is only a thought
It depends on many factors
Firstly how will DXY behave coming week?
Currently, DXY is printing a Leledec Sell (unconfirmed yet) on weekly. If the leledc stays, will there be some rise on DXY
If that happens, it likely will affect ETH. ETHUSD has little retrace for weeks now.
So if ETH retraces and bounces on the midpoint, then it is still...