NULS currently in accumulation below the the AR resistance. I can expect a very similar scenario to what ADA and IOTA did at the same levels shown below. I'm not saying because IOTA and ADA did that, NULS have to do this, I'm just saying this pattern Breaks out aggressively most of the time.
ONT/USDT pair has successfully retested the Neckline of the Inverse Head and Shoulder pattern after a high volume Breakout. Now, according to Wyckoff Accumulation Schematic, we need to see a Breakout of the AR resistance area (Red Area) to get to SOS .
NULS/USDT is a very similar setup:
NULS/USDT pair has successfully retested the Neckline of the Inverse Head and Shoulder pattern after a high volume Breakout. Now, according to Wyckoff Accumulation Schematic, we need to see a Breakout of the AR resistance area (Red Area) to get to SOS .
Beside the Wyckoff Accumulation Schematic which is currently at BU/LPS in Phase D of the Accumulation, There is Cup and Handle Pattern forming. A breakout of this Cup and Handle Neckline will take us to Phase E (Moon Phase).
I can't stress enough how important this Wyckoff Accumulation Schematic is. Very easy setup with high reward. you can go back and check my analysis on IOTA/USDT Pair before the last explosion. Here is some snapshots to illustrate the setup:
During This cycle, Wyckoff Accumulation and Re-accumulation Schematics would be your best friends, STUDY them, MEMORIZE them, and simply APPLY them to the markets and let them reap the gains for you.
I want you to compare what ONT/USDT has done so far with what IOST/USDT pair and ADA/USDT pair after the SPRING.
UMA/USDT is forming a very similar pattern to what IOST/USDT pair formed before a strong Bullish move. This pattern offers a good risk to reward ratio since the invalidation of the idea is right below the swing low.
Falling to form a Lower Low multiple times indicates strength in the market.
Here is a snapshot of IOST/USDT:
Following on my last post about IOTA/USDT - Wyckoff Accumulation. IOTA made 100% + move to establish the SOS I was waiting for, now we can expect a deep pullback (30% to 50% correction) to get our BU/LPS (Backup/ Last point of support) so the trend can resume into Phase E.
Hopefully everyone is making good money.
So far ETH is following the exact same pattern BTC has followed after Breaking its ATH (All Time High), If the price action continues to follow BTC path, we have a decent chance of pushing to 2K after Breaking out of the TR (Trading Range).
More often than not, the SPRING shows a Bear Trap, which pushes the price up when they run for cover.
Here is a clear...
LTC outperformed BTC (percentage-wise) during the last cycles. This cycle BTC Doubled from around $20K to $40K, which indicates, we can expect even a bigger move from LTC. First we need to see LTC breaking its ATH (All Time High) around $370, then Doubling in price from its ATH to around $740, then outperforming BTC . I don't see any reason why this cycle would be...