FLM/USDT is testing the logarithmic bullish trendline after a dip. It may go a little lower so we are only looking to buy this token when it prints a nice bullish reversal pattern. We would like to see something like a hammer or engulfing first. The stoch reads oversold. The invalidation price is a little below the highs of what we think is most likely wave i.
I will only go long if a 4 hour candle closes above the yellow line. If so, it seems likely that price will move up to test the aqua colored logarithmic trendline. There is both a big and a small inverted head and shoulders to keep an eye on, and closing above this level will mean that both of them are in full force pushing price up.
A somewhat complicated WXY correction has now completed for QTUM. I am a little late to this, but now is still a good time to get long. Make sure to set some take profits because we don't know exactly how high 5 can go yet.
FTM has failed to breakout both to the upside and the downside of this triangle. Now I think that it will break out for real to the downside soon. Trade will only activate with 3 hourly candle closes and good volume. Stay tuned for updates.
A bearish abandoned baby might be marking the top finally. AXS has had a great run and will continue to rise in the long term but it definitely needs a large correction soon.
TWT will soon complete the expanded flat correction . This means that the trend to the upside will resume and we can expect a target of a 1.618 extension from wave 1. The stop loss is put below wave 1 because that would invalidate the idea. There is no exact entry target so I am planning to just dollar cost average in at the buy zone personally. Make sure to like...
I correctly identified the pump at every stage before it happened. Now I am happy to announce that the pump is almost over, and we should see a solid dump. Wave 2 is able to correct even the majority of wave 1 (although it usually doesn't), so we can look to buy back AXS at perhaps 2.70. Buy target might change, it depends on the exact type of corrective pattern.
I've been holding this one for a while now and it doesn't seem to be doing too much probably because you can't trade it on Binance yet. But I have reason to believe that will all change in the next few days here because of the wave structure. We saw a solid 5 wave move to the upside that took price to almost 0.004 ETH, and I think that is actually wave (1) of a...
This is going to be impossible to grasp without a good knowledge of Elliot wave, but it is clear that Theta is rolling to a stop right now for a substantial retracement. The key to trade this kind of thing safely is to simply wait until an hourly candle closes below the 0.618 and then go short there with a stop loss a little above it. This can potentially create...
Breaking this channel is kind of a big deal for AXS since it would be the last thing in the way of it reaching price discovery and going who knows how high. But often these breakouts are fake so we have to be careful of a head-fake. Scenarios: Daily closes above the trendline - breakout confirmed, buy Daily closes below the trendline - breakout was fake, maybe...
If you look at a similar point in time in the AXS price history, it looks almost exactly like this one. This means there is a good chance it will continue to play out like that, and AXS will reach a high of 4.00 before a significant correction.
It was a triangle all along. Lets look to buy at the yellow line and then sell at 3.75.
We want to get either long or short after a break and retest of this price range. The current market favors a break to the upside slightly but the downside is also very much a possibility. Either way, it is likely to come back and retest which is the only place we are interested in taking a trade. Make sure to like if you agree with this idea or comment why if you don't!
GRT would like to break out of this triangle probably to the upside. We will look for 3 hourly candles closing outside in a row plus good volume which is especially important now because BTC may be about to dip which could kill the trade. Manage risk accordingly!
We are looking to get long on BNB if either the trendline breaks and closes to the upside with an hourly candle or if we can get low enough to test the aqua-colored line which acts as support around 210. It appears that BNB is still making the last leg up of a (5) wave move to the upside and this entry is just to confirm that.
The stars are aligning for FTM! There is an Inverted cup and handle, a log chart trendline breakdown, and a clear completion of a 5 wave move to the upside has already occurred so we are in the corrective phase. I expect that price will break and close an hourly candle below the cup's handle in the next few days here and that is where I will look to enter a short.
I put a red zone for all the places that I think will be major resistance and a green one for the major support. The idea here is that price is in an uptrend and we can look to buy either when the bull flag breaks out to the upside (more aggressive), or when the resistance level is tested and then we come back to support (safer). The target is just below the...