Possible cup with handle. Volume look very good and OVB made a new high. I prefer to play the pullback with a small SL because the cup with handle is stronger when they came from an uptrend, here we came from a downtrend.
I think we are in the best area for playing the third wave, we have a hidden bullish divergence and ETH have to superform BTC because it was lagging recently. TP @ the end of the third wave and maybee playing the fifth.
Perfect trading range Twitter are crazy since 1 week about DOGE Elon Musk favorite crypto Pump it!
2 possibility : Entry at support (if price goes down again) OR Playing breakout
I think we are at the begining of a third wave (1-2-3-4-5). RSI already broke trendline, OBV is bullsih too.
If this altcoin season continue, this target could be easy to reached.
ZEC ready for a fifth wave. BUY @0.01374 SELL @0.1572 STOP @0.01375
I think ZEC is near a reversal, this is one of the best crypto project with strong dev team. I think is very undervaluated.
I think we ending the wave 2 correction.
KMD look ready for the fifht wave, possible quick profit.
After this 2 massive waves, I expect a last one with high profit.
The volume is drastically increasing , OBV look crazy. A minimum increase of 100% of the price is not crazy to believe. TARGET TP1 => 993SAT TP2 => 1168SAT TP3 => 1925SAT
Possible future trend reversal with triple bottom structure. OBV is making higher high, this is a good sign for triple bottom, if we break the neckline with more volume on the third bottom, that could be a big bullish signal.
BULLISH - Potential end of Wave 2, we are on the end of correction, bears show weakness - Bullish divergence on RSI - MFI extremely oversold - Rising wedge - Perfect stop loss hunt area - Best spot for swing with good RR (between golden ration 0.618 and 0.854) - If next H4 candle is bullish, good price action (Bullish abandoned baby pattern) BEARISH - On Balance...
Scénario 1 (S1) : Long, we are on a wave 3, target near $200 Scénario 2 (S2) : Long, Bearish correction to golden ratio, target @$141. Bearish from $141 to $109 Scénario 3 (S3) : Short
Good price action on ZEC/BTC, here is why : 1. Recent spike of volume with high price momentum. 2. Pullback on golden ratio and H4 support , ideal bounce for swing. 3. On Balance Volume divergence (see yellow arrow). 4. RSI came back to the bullish zone . TP1@ 0.018 TP2@ 0.0185 TP3@ 0.02
We can see a beautiful Inverted Head and Shoulders who start to be confirmed with a declined volume. The theoretical objective is equal to the 78.6% ratio of fibonacci. To be less agressive, you can wait for a throwback to the neckline if it happen.