Stellar (XLM) is currently displaying a descending wedge pattern / ending diagonal, which I´m interpreting as the red wave C of the blue wave 4 correction. We could still have a test of the 50% pullback level, sitting at $0.1021, before any bullish momentum picks up. If the descending wedge pattern is broken to the upside, we could see Stellar's price climb...
BNB has recently tested wave 4 support at the purple line from my previous analysis, and it was immediately rejected. Following this, the descending trendline has been broken, indicating a possible shift in momentum. Currently, BNB is undergoing a pullback from the initial impulse. I expect a break to the upside soon, with $300 acting as a strong support level.
Pullback and Recovery: As predicted in the previous post, AVAX retraced to the 50% Fibonacci level, where the bulls promptly re-entered the market. This swift response indicates strong support at this level, highlighting the resilience of the current uptrend. Impulsive Price Action: Recent price movement in AVAX appears impulsive, further supporting the...
The gray resistance from my previous post has already been tested twice, and is holding tight. Nevertheless, bearish reaction hasn't been strong either. Right now, we are just consolidating between gray resistance and green trendline.
We are getting the initial indications that the bearish momentum is fading away, with a break of the descending channel that began in early February. There is still a major hurdle for bulls at 0.64 resistance. We can also correct some more to the downside to retest the channel top. Even if perspectives are getting more positive for MANA, there is still no...
TrueFi´s descending wedge is also being supported by 0.075 support. A break of the wedge to the upside gives us a high probability of targeting 0.090 resistance first
After DOGE´s recent strength, fueled by Elon Musk´s Twitter, there has been a lot of speculation of a potential rise in SHIB. Let´s stay away from the hype and see what price is actually telling us. The channel shown in my last post was broken, which is a bullish signal. Nevertheless, we´ve been only going sideways for 2 weeks, and are still below strong...
The pullback has been held by the green support from the previous chart, and my thesis is still the same. I believe we will have another higher high above 0.05137 before a significant pullback
Jasmy broke the wedge from my last post with an impulsive wave which is now being corrected. Higher probability is for another leg to the upside, targeting 0.0057 resistance. We also have 0.0046 just below which could provide a shield for long trades.
High risk, high RR, half position Expecting one more wave to the upside to complete the wedge. Entry 0.6238 SL 0.6185 TP1 0.6291 TP2 0.6354 TP3 0.6424
Hadn't published this trade I entered yesterday, but it is still valid. ➕Entry at 37.64 🛑SL 36.09 💚TP1 39.20 💚TP2 40.74
(High risk, half position) Entry 0.2750 SL 0.2639 TP1 0.2861 TP2 0.2972 TP3 0.3259
High risk (half position or less) Limit Entry at 0.06259 SL 0.06196 TP1 0.06323 TP2 0.06406 TP3 0.06488
In my primary count, I´m considering Matic´s bottom was defined last year, and we are now in an impulse to the upside. This scenario invalidates at 0.747. The bearish argument would be that the upside movement is a bear flag, but price action still hasn´t given us indications towards this.
ARB has been in a descending wedge for the last 11 months, with lower lows and lower highs (red arrows). I still expect one more lower low before a reversal. Perspective will only turn really bullish if the wedge is broken. I see 2 long opportunities depending on price action, shown on the chart.
The first "higher probability" leg to the upside shown in the previous chart (see related idea) has been reached, and gray resistance held so far. I am biased to the upside for Monero, and believe it could move to the 200-250 range. The gray levels on the chart are the resistance levels that could be used for profit taking in long trades
Polkadot just broke a descending trendline, which could lead us to a new pump, initially targeting 7.294. If the current wave count is confirmed as 1-2, the upside will be much higher (9.00+).
I have two valid scenarios, as shown on the chart, but don´t plan to take any trades just yet. We´re too close to resistance to go long, and no reversal pattern to go short. Let´s wait and see.