Hi everyone. Long time has passed since my last post.
Going straight to the point, I see a clear ABC correction and a great rejection from 200 EMA in the 4H chart, a great rejection from the 55 EMA in the daily chart, and more important, FLM is still undervalued. during this week, whales continued to accumulate heavy FLM doses for the next trip, like a shroom...
Hello everyone! Looking at the chart of DOGE/BTC, we can se a great accumulation period. and even a spring area around the 25 sats.
Now, in the last "bullish trend", we can see the formation a of what could be a Inverte H&S pattern, that could take off DOGE to Moon, or even Mars.
So, this is not a reccomendation to buy or sell DOGE, but I'm already accumulating...
I'm accumulating DOGE since May, and opened a long position at 26 sats.
I do think that we started an uptrend.
Put some arrows showing where I'm specting (max lows) this retrace. The last IMO before the stratosphere at 80 sats, and another one before moon, at 100 sats.
I think that we need to see how DOGE is going to react to Binance liquidity. It may over pump...
Chart is self explanatory.
We will see a pullback in BTC probably to test de $10k. XRP will test the 3000 satoshis (MAs), can get a little lower yes, but when BTC continues the fall to $9k, XRP can sky rocket to 3700 satoshis.
Open: 2900-3050 satoshis.
STOP LOSS: BTC closes above $10300 or XRP closes below 2850 satoshis on a daily candle.
Targets: 3500-3700 satoshis.
Here we can see key support/resistance levels on ETH chart.
If a candle closes above the resistance, we can go up, re-test the mentioned resistance (now support), and possibly go up to $110 before the breakout.
ADX shows the bears losing strenght, and MACD shows a possible cross, but I think we are going down, to test the $98 support.
XLM is heading to test key supports levels from June/18. There are some similarities from June/18 and actual date.
Stoch below 10 + MACD looking to rise its momentum.
If XLM rebounds, I'll be bullish. Note that we are right now in a bear market, and another BTC short may take down XLM.
Happy New Year! And good luck on your trades.