SOLANA short term buy trade opportunity - Solana appears to have re tested its most recent low . Looks like support is being confirmed with a potential W formation. Short term profit targets are marked out for you .
By my own application of the Elliot Wave theory to BTC price action, I can submit that BTC is currently in Main impulse wave 3 of a super cycle that commenced in Oct/Nov 2020 at around $10K .
As we know each impulse wave is made of of 5 sub waves and I believe that we are seeing corrective sub wave 4 of the main impulse wave 3 is ending with an accumulation...
Shiba inu $SHIB is currently resting on a zone of Quadruple confluence of
1. 61.8Fib level,
2. Previous resistance area now turning to support ?
3. Lower equidistant channel support
4. This could also be the end of Elliot wave 2
Hopefully after a period of accumulation, we will ride wave 3
That looks like successful re test of our buy zone at POLONIEX, problem is that I am seeing different levels on different charts as exchanges listed FLOKI at different times. BUT if you are looking to hold FLOKI long term., this is is a decent entry point
so we are back in business.! I did say a few weeks ago that Bitcoin will find buyers at around the $50k mark . Bitcoin respecting market structure here
Bitcoin uptrend looks set to continue.
Next target is $70K !!
Binace native token appears to be consolidating forming a bullish flag. A break out of this flag will send BNB to new all time highs. One to watch as more and more projects launch in Binance Smart Chain
This is a pullback or retracement trade idea
Looking at Bitcoin H4, we see that trend line is broken with a fairy significant impulse move earlier today to the downside after a rejection of $14k over the weekend.
So I have waited for a retest of the back side of the trend line that has acted as support. Bitcoin has closed at 9pm UK time below that trend line...