Swoop6

Swoop6

21 ema broke on the 4h chart RSI/MACD both look positive in terms of a trend reversal, Let's see how this plays out Key support level hovering around 100, first profit target at resistance level marked if trend is true.

Swoop6 Updated 

Hovering above strong support line buy into the uptrend once confirmed and ride up to resistance level as a first target or 38.2 just above it.

Swoop6 Updated 

I expect it to continue dropping into the blue zone and bounce off the 5k level then swiftly spring back to 6k which will hopefully spark the uptrend, maybe i'm too optimistic and there are too many unknown factors with a stranglehold on short term prices.

Swoop6 Updated 

RSI approaching oversold on daily chart wait for confirmation of uptrend and ride it up strong resistance at roughly 820~ and strong support at ~600.

Swoop6 Updated 

RSI Way oversold on the daily chart and floating around strong support wait for the confirmation of an uptrend and ride it up.

Swoop6 Updated 

Trading in a tight channel and it looks a turn to the downside is quite likely, expecting if we break below the channel to fall into the blue box which would have us in the range of $29.27-27.44 before seeing a possible bounce up.

Swoop6 Updated 

RSI way oversold on daily chart wait for confirmation of uptrend and ride it up very strong support around 100 area if we go that low.

Swoop6

Actually curious and would like someone with more knowledge to look over this, so here goes the last real 1-5 Elliott impulse waves we had that completed followed by multiple ABC corrections has us landing on an area right around Wave 4 which to my knowledge is where ABC corrections usually end, We are currently on that level and it's the first time out of the 3...

Swoop6

Ont has held rather well given the recent events and still looks bullish on the charts, If we continue to move up profit targets are in the blue zone suggested, strong support at the 74-75 level and strong resistance at the 96-97 level, however if we fall below the 62 level it's probably a sign we're not bullish anymore.

Swoop6

RSI oversold on daily chart, Wait for confirmation of a move up then ride it, strong support at 66 and strong resistance at 84 even more resistance at 38.2 fib level.

Swoop6

If uptrend continues profit targets are roughly 320/367 gl.

Swoop6

If we continue to trade in the channel we may continue to go lower and find a bounce in the area suggested(possible end of ABC correction) and that will be the sign of a trend reversal, however a breakout to the upside out of the channel could also dictate the same, would like to hear thoughts.

Swoop6

Possible bounce off support? waiting for bullish engulfing candle to confirm an uptrend, oversold on weekly rsi. Is a turn around likely? would like to hear thoughts.