This is the 2 cases that I am really think it is. Both seems to say that we are short term bullish and WE'RE REALLY CLOSE TO THE BOTTOM if not happened yet! 1. We already bottom and ready for a Mid Term Bullish Trend - this case 2k is likely expected 2. If not then we are still in short term bullish for 4th correction and the 5th to FINISH the ZIGZAG correction...
I think we nearly end now yet there might be 1-2 swings before we reach the bottom. I think 1.1k is a key level and the rejection should happen there. For long term trader you better stay out off the market for sure as it will takes months forming a base as you won't know till then whether 1.1k is really a pivot low.
MKR just gained lots of in flow after the crash of UST and it is looking very good both in term of TVL dominance on ETH and price action chart. 1. 1000 USD is a solid support here if you want to buy or go long for a swing trade it is a good SL point. 2. MKR is no.1 TVL in couple of TOTALDEFI chart both seems to confirm with a confluence here. MKR STORSI/RSI seems...
If you are looking to accumulate UNI, I think you should start playing an attention to it now. 1. I still think 3.8 will get tested again. This will be the level to determine whether the base of the next cycle will be there or not. As drawn in the chart, I expect it to get test very soon at least once. However, it can be thrice or more but the more the better....
I think 1.8K is likely to be reached as a "KEY POINT" of which 3 scenarios for the long term market progression will be as follow from most bullish to bearish: 1. 1.8K is held and finished as a truncated Zigzag of the 4th 2. 1.8K is held but the next upswing will only be C of the B of Zigzag (as labelled on the chart) // Or may be now is the 1st of C with an...
It looks like BTC wants to test 30k soon. FED's raising interest rates on May and June might set an important pivot point. Prepare for a choppy price action and some sorts of ranging.
Hopefully 2.5 USD can hold. If that so the break of the triangle will be a very nice sign of the correction completion. Volume does indicating that the triangle is forming. We should wait until the resistance is broken for the trend follower strategy unless you are accumulating it - current price can be a good entry for building a position.
I think this structure is solid for APE. We can see that the triangle is forming and around 1/3 from the apex of the triangle can be the timing for breakout from either side. For me I am accumulating it, thus I bought as near as the support as possible and save some portion in case of a break down to accumulate more. If we can break above this 50% resistance, the...
I still think the upward momentum will persist though there might be a bit of a correction in short term. This might be an opportunity for those who did not enter it yet.
KUB is going up to test 415 -450 THB. After that it depends on the global sentiment of the next FED hike and geopolitics. RSI should reach Overbought level for this swing. The break out has been confirmed unless negative event crash happens like escalating Russian/Ukraine war causing the break of 250 THB.
After the FED announced the unsurprising interest rate hike, cryptomarket included ETH is trending up with very few fraction above the diagonal resistance. This is a very good indicator. I am expecting 3800 as a target at least before the buyer who accumulated around 3k started to risk off their position by selling some of their ETH and before the next interest...
I happen to come across BNB on-chain data which I find very interesting and coordinate it into the price action zone that you may consider significant for accumulation. 1. 75% of BNB holder at the moment is 1-12m period holder which started since the break out a year ago. Along the way that break out line become a valid support until now. The evidence of this...
It is reaching a significant diagonal resistance of the Bear market. I believe that it is going to be about the reaction after "FED" announced their hike and plan today. We need to keep an eye on this important event as it will mark the sentiment of overall crypto-market. It is going to be very volatile no matter what.
It is interesting to keep an eye on LUNA as a laggard. It behaves like an alternative investment where money flow from other dominants like BTC ETH because LUNA is one of the strongest competitor. Once BTC ETH finds the bottom, money might flow back from LUNA to BTC ETH. If that so, it might follow BTC ETH structure. This is just an interesting hypothesis based on...
If we are capable of sustaining the upward momentum till the end of today, it is likely that we are having a "break out" from the recent swing (3.45-2.7) making the new upward momentum of a larger degree rising from the primary support at 2.6-7. The rough target is 4.45 if 3.45 is broken for this new upward swing unless the breakup is failed and returned to the...
1.According to the chart, Standard Deviation Channel fits very well in giving us a geometry of the market structure. 2.Incorporating EW with timeseries dominant cycle, the uptrend cycles are lasting around 425 weeks before the correction occur which takes 60 and 120 weeks as an harmonic cycle. 3.EMA50/200 Golden Cross and Death Cross does confirm the impulse and...
I still think the low at 2.1k is solid and there are 2 cases possible here. 1.The 4th wave has ended and the current swing is the 1st impulse. 2.The 5th of the C is not finished yet and is going for a diagonal finish. The target for the 1st impulse of the large 5th is at the middle of this significant channel drawn in the chart Well the most bearish case only...
Continued from our last COMP analysis. We need to really keep an eye on this week as it is reaching the significant falling wedge trendline. The breaking of 140 USD level is going to be very crucial as it will confirm the ending of this long Bearish correction due to Elliotwave count! This will mark the new impulse of the new cycle with very good Risk to reward!.