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I have been monitoring this price action to its extremes and studying distribution patterns that no one is really looking into, perhaps maybe at an institutional level is what they are seeing what you are seeing right now
Uncomfortable? Good, but welcome to the financial markets.
In order to understand what a distribution pattern is, you will need to understand...
I'll give you two scenarios for ETH
Retesting the 0.786 and finally claiming the 1.618 around 6153 which confirms an altseason.
So far, ehereum is following a trend line, and it's slightly correcting every now and then.
Truth? typical staircase pattern but i do not like it.
Reclaiming and retesting the golden pocket. 4024 and...
Okay, lots of mana FOMO so i'm here with not so good news.
However, this to me looks like a blow off top.
what happens with a blow off top is that it retraces and tests the golden pocket after an irrational bullish leveraged euphoria rally
this confirms a dead cat bounce, or what it's called in the market cycle
"we're just cooling off"
I refuse to believe that QNT will nuke
It is a SOLID project.
What i think:-
I think this will happen, either fake out from here or down with a little deviation and double bottom then up.
Stop loss would be a little below these fake outs OR if it stayed there for very long, then get over it.
Dollar cost averaging here could make sense.
I saw some people wondering about FIL.
Very interesting chart, so here's my personal trade setup for it.
First of all, the 3 purple ranges are strong support levels which may cause impulses there.
Hence, here's what I will do, but it's a risk with a potential of 80-120% profits for the mid-term and may double your investment.
I think FIL will retest the...
Lets update you on ETH
If you followed my initial analysis, you must be in serious profits now.
We achieved our target of the inverse h&s!
Although the target initially is around 4500 approx, there's still a possibility!
Now, let us continue because the charts never stop.
I do not think eth is done yet because right now the chart is showing a bullish flag...
Legends & Scientists, Hi!
A picture speaks a thousand words?
Yes it does, and this is SLP.
Allow me to explain
Well first, on the daily, we have established a well rounded double bottom which is also a retest from the low of May 2021.
Moreover, the volume is now bigger than ever.
Yes, look at the below volume, that's what accumulation looks like.
Let me enlighten you
Sometimes trading all time highs must be difficult but let me explain to you why sometimes buying high could help you go higher
First off, we could see a flag or a decending broadening wedge here
this confirms that if we break the daily supply zone, then the technical target is 64% up. around 11.6$
KDA Established a demand zone, around the...
I'll be honest about SOL.
Yes, it has potential, but that double top I am seeing in the supply zone is not very nice to look at, which simply means: be prepared to consider this a top if the 217 levels stayed a supply zone.
now the good news: SOL retested and wicked down to the 0.786 level and bounced off from there.
Our golden ratio is still around the 145...
MKR Is giving me BTC Vibes before a breakout prior to ATH
it seems like it is gearing up into a diamond formation and the demand zone looks super strong.
That being said, i will DCA into those 3 areas between the 0.236 and 0 fib levels.
Potential increase: 150%
will use super small capital for this trade
Formed an inverse H&S.
Breakout from there would lead to 56.64 Target
Luna did not break my demand zones which means institutional demand is within those levels, that's great.
Supply zone: 41$, Watch out for here.
I have been watching XRP since 1.09, I became a buyer post it going up the EMA Ribbon, and for that i am 20% up on my trade!
However, XRP broke a triangulating pattern and is now at its retest level.
Technical target is 1.5!
Bullish on it, lets see if it works ;)
Usually in bull markets, we retest the EMA ribbon below and bulls enter strongly to go above.
That being said, we're at an auction level (consolidation).
Bull signs: bull flag on the daily, two strong support levels, and a double bottom
Bear signs: not much buying volume, sell signal triggered, and below EMA
Wait for a confirmation and enter a long if you...
Still time for retest atleast to 0.39, NKN is going through a very strong resistence on the ichimouku cloud, it's fighting through it but that is why you're finding big red candles come in out of nowehere, it's under bearish territory.
However, it went over strong resistence levels on the daily, and is not retesting the 0.40 - 0.35 as support.
DMI is bullish,...
XRP is showing a nice MACD crossover coming up, although, don't forget those are lagging indicators and in breakout trades, you should only trade the breakout, and not wish for it to do so.
DMI is showing also a cross over coming up.
My eyes on XRP to either long or short.
As for now, i'm watching.
You will never know when the trend ends, on the 4H Chart, it's textbook analysis that we are trending upwards.
Until you see a rejection in more upside, and breaks the trend line, you can consider some shorts, as for now, you're good if you're long.
Take profits when it breaks the trendline on the 4h chart.