Moon_Boy_Crew

Moon_Boy_Crew Updated 

Matic is trading inside a rising channel with 4 of the waves already completed. The potential target of the 5th wave is 0.79 to 0.86. The idea is invalidated if we fall below the pivot low.

Moon_Boy_Crew

As shown in my other chart (linked below), the current price action fractal is a very close resemblance to the move ETH had when it broke out of the $400 resistance. Well, we are at $4,300 as of right now, and if we repeat that move we should reach around $7,000. This is not a forecast, just a comparison of the previous price action fractal with the current....

Moon_Boy_Crew

In 2017 Ethereum formed ascending triangle, then broke out to almost double, followed by a sharp correction, and then continued upwards. The current price action reminds a lot of that ascending triangle, so is Eth setting up a similar move? I personally think so, even though the move might not be as explosive. See my next chart...

Moon_Boy_Crew Updated 

Eth seems to be traveling in 2 opposing channels. A narrow upwards channel, and we might be forming a wider downward channel. The channels provide good support (entry) and resistance exit areas. We are currently in the upper half of the downward channel and the longer we stay there, the higher the probability to break out of it. The yellow arrow shows just one...

Moon_Boy_Crew Updated 

In addition to my idea for BTC forming a large triangle pattern, it's possible to consolidate right below the upper resistance line of the triangle and break out from there without retesting the lower $50K support line. This option is also supported by the reduced supply of BTC on the exchanges and the overall market sentiment.

Moon_Boy_Crew Updated 

1. A few days ago $Doge broke the diagonal resistance on both the USD and BTC charts and retested it as support. 2. It also broke the 21 dma on both charts and holds them as support as well. Based on previous performance, we can expect continuous bullish momentum with potential profit-taking targets of $0.30, $0.35, and $0.45 over the next few days/weeks....

Moon_Boy_Crew

The Matic / Solana chart hit support and is about to break the 21 dma. Whenever that happened previously, Matic gained 50%, 250% or more against SOL so it's a no-brainer trade in my opinion. If Matic fails to break the 21 dma and if it breaks support to the down side, the trade would be invalidated. Based on TA & FA, however, this seems very unlikely.

Moon_Boy_Crew

We might be forming a large ascending triangle... 1. We just got rejected from the previous ATH which gives us two touch points at the top. 2. We also just formed two touch points thanks to the rally from the 30K bottom, which might end up being the right shoulder of the triangle. 3. Also, the 21 WMA is rising and it would make sense to retest it and use it as...

Moon_Boy_Crew

In previous bull markets, Bitcoin has been having 30% to 40% corrections every 180 to 240 days. We have already had almost 200 days since the last deep correction in March, and so far we've had only 20% corrections. This gives us a higher probability of a deeper correction in the near future. A lot of people are speculating that BTC will fill the CME gap at...