Daily stoch RSI and RSI showing decreasing buying pressure (actually a massive bear div on RSI)
If my count of EW is right we are wave 5, maybe one more impulse to 1.618 to 2.618 fib extension followed by big correction
Not such a good time to buy then if you're a casual trader, better wait for correction IMO
What do you guys think?
Trying to do my own research, I'm just getting started on the EW principle and would appreciate your input. I'm not sure on current EW count for EOS, are we currently in wave 3 or wave 5 of this cycle?
Fib extension based on last cycle seems to indicate that we are we are finishing up this cycle (so currently wave 5), and it would be good time to...
ICX just reached feb 26th's high, 4H RSI and stochrsi indicators are both overbought, rising wedge, MACD 4H about to cross and go down
a lot of new for ICX, but needs to retrace. 2 potential buy zones that I can see:
20 / 200 EMA zone, which is also 0.382 fib retracement level --> 0.0003489
50 / 100 EMA zone, which is also 0.618 fib retracement level -->...
Daily chart, seems like it will retrace to 100 - 200 MA, also 0.618 fib retracement, and BTC action (up or down) will probably make DGB drop. Good confluence point, strong resistance, buy in between 450 - 350...
Like STRATIS, it seems like QTUM reached a bottom, low volatility, flat MACD, and right now looks like we are in a period of consolidation. A few targets, traders may wait for strong break of 0.002 to get in. Going in with a small position.
Seems like we are on a consolidation stage with price which is already very low, low volatility, bullish divergence. Going long with a small amount. Traders may wait for a break above 0.00056 which would signal a starting upward trend.
My first chart, critics and tips are welcomed :)