Retest and consolidation.. it will pop soon. Pretty straight forward.
Woo is at golden pocket 61.8-66% retracement. If you like the project this can be a lvl to look at.
ENS broke the downtrend formation on the weekly, looking at daily timeframe we can see that it also broke a bullflag after a reaction from 61% golden pocket from the wave 1 measurement. According to Elliot Wave Theroy, the 3rd wave normally goes to 1.618 fib extension of wave 1. Personaly i'm looking forward to see the price hit 40usd in the upcoming...
Imbalanced area to be filled. Consolidation under resistance Fibs as tp
Looking for a possible SFP short setup, looking to fill the imbalanced area marked in the chart. NFA
Inferior line of the pitchfork acting as resistance. Rising wedge, not a lot of strength. Imbalance around 18k, that would be an abc confirmation. R/R ratio of 5 NFA
Retest demand, breakout and test supply area, imbalanced zones to fill the void NFA
Still think there's room to go down, if this wave corresponds to a 4, then we should expect at least or less than 38%, waiting for demand to be met around .30 NFA
Looking at eth.. strong R on the RSI, but what's curious about is the fact that we're at 50% retracement since the last swing low.. this last had 61% retracement golden pocket.. wave 5 is missing.. i will be cautious longing tokens from now on. 50% fib retracement is still validating a wave 4 count from Elliots theory.
Fibs on the chart. Retesting, if it holds next lvl would be 5$ NFA
Imbalanced candles and demand areas to be tested.. you know how rules of d/s work.. keep it simple. Top of the channel. Correction before going up.
Looking forward to short the thing. Theoretically ABC by the technical aspect. 100% of leg 1.. is it the top? RSI overbought, ATR looking down... BTC looking weak.. OB 24$ would be my target. NFA
Price reached area of liquidity, bearish OB. Lets see what the market wants from now on. Although, short entry might be also in the table. Chart repeats previous pattern. Liq Pool, supply and dump.