So we have a possible ABC correction shown on the chart. Volume seems to confirm that. Then we have waves 1 and 2, bouncing between the two green boxes (support and resistance) and now we've possibly begun wave 3 from the FAN support line, which should take us to the top of the wycoff distribution/re-accumulation box. I would suspect the redux resistance from the...
This has been brewing for quite a while. TFUEL, Theta's gas coin, just shot up 40% today (completing it's 5 wave impulse... so don't buy the top there! Wait for the retrace to $0.05 or so) That has to be bullish for Theta (and possibly a whale strategy to shake loose the holders of the core asset by pumping its low cap gas coin). Anyway.. chart pretty obvious....
Am I seeing this correctly? The entire chart is one big accumulation pattern that is pending an imminent breakout from its sign of strength accumulation and retests. Next few weeks this could shoot up to 11,000 sats, and later even higher. On the fundamental side, the devs on this project are delivering consistently to schedule. Very impressive. And they have...
Very clear wycoff accumulation pattern on the higher time frames. We have already broken out of the box, and now we're accumulating on the top of it. By my super secret methodology this will continue until approx March 3rd, and then we shoot way up! Use your own methodology to figure out just how high it goes! I'm hoping for nothing less than 0.1 BTC.
We're right at the top of the wycoff accumulation box; and with such a beautiful weekly MACD and RSI I would expect the sign of strength and move to the upside to follow. All time fibs make the logical targets. Note that the Binance chart has less history than others - so perhaps check out BitFinex or whatever; as their fib levels are a tiny bit higher than those...
Clear as day descending triangle! High time frames are also incredibly bullish.
The first target would be the more bullish scenario. Second target adds a bit of risk, in that the price could just full on collapse into shitcoin hell if we break the diagonal trend line. But this is an interesting project, the technology is live and the devs have hit their milestones to date. Best of luck!
Brand new coin, shot up, now its finding its way back down. We had a nice 20% bounce off the 618 fib... to which you'd expect this to bleed out until we hit the 718 fib and see another little bump. Buy in the green box; sell a 10-20% profit IMO.
On the daily version of this chart, there is a clear M pattern, movement down, and we retraced ALMOST to the apex of the M, but there's a clear $100 gap. Seeing as the 4 hour is showing some bullish signs; i'm wondering if we don't fill that gap as a sort of fake out to the upside; before continuing down. Let's see.
As soon as a pronounced V bottom forms, it's time to buy for a ride up! Don't think it'll take long - few weeks tops.