HOT seems to have finished the ABC correction of wave 4 and starting subwave 1 of wave 5 here. surely all depends on BTC to hold above previous low and HOT to to hold above previous low as well... My reasoning behind this is that the correction has been deeper than the 0.786 fib level and that it has managed to not form a lower low during the last BTC dip. the...
We can see subwaves 123 off this bounce here clearer than most Alts. therefore this worth scalping IMO. it could still retrace to the 0.618. therefore teh Sl is below it.
CAKE seems to have finished one full cycle with that last correction. If BTC drops it could however drop further to the 25$ area. the previous structure shows 5 waves with the fifth being extended. these 5 waves are the 1st wave of a bigger structure and the ABC correction is wave 2. IF BTC holds here we could see the start of wave 3 that can stretch up an...
there is a possibility that BTC is currently in a flat expanded ABC correction of the fourth wave. we seem to be currently in wave C of that correction that can have 5 subwaves... Until that Bearish divergence trendline on the RSI gets broken. this theory still stands... the bottom indicator is an experimental indicator relying on the net Volume 21-day average. it...
Fill seems to be finishing Wave 4 in the form of a triangular ABCDE correction. this one is nice, since a Long here would only require a SL of 6.2% to invalidate the whole setup...
SOL seems to be in subwave 5 of wave 3 now. aiming for it to end around slightly above 60 $, before it corrects at wave 4. seems to have also finished the second wave inside the subwave 5. so could be a good spot for longing here up to the end of wave 5... Unless BTC dumps more here off course. to see the smaller subwaves,zoom in on a lower timeframe..
There is a confluence of support and 0.5 fib level at that area. placing my Buy order slightly above that channel top... placing a SL is tricky on this one, as there are other supports right below the channel top. so its up to you and your position really. the bigger the position the tighter the SL and the more likely it will get triggered.. Remember it mainly...
BTC has a tendency to repeat its fractals.. we see a similar downward channel like the one seen in the previous correction from 58k to 43k. For a bullish scenario we would need this channel to break upwards, otherwise the bearish scenario will win... there is also a very low volume zone (green box) that has to be filled sooner or later...
CHZ could be forming an ascending channel as seen in the RSI also. sitting at a confluence of supports here, we could expect a bounce...
ALGO broke a major resistance, that was attempted over and over again. has been ascending in an ascending channel. expecting it to retest and bounce as it has been in that ascending accumulation phase for some time now. Check out the volume on that breakout on the 1hr...
BTT swing opportunity. It seems that the BTT Correction as drawn an ABC. while the C seems to have finished at the 0.618 level a bounce could be anticipated here. Be careful as any BTC dip (which is highly likely) will ruin this current setup.
About to finish corrective wave C. potential Bottom of wave is between 0.0118 and 0.01062, where the previous resistance is expected to turn into support. TP at 0.382 fib level