PORTO is 800% off from it's bottom made in May 2022, not bad...
H&S pattern forming unless it can hold this diagonal and break up testing that resistance above. If the bear market continues, I don't know how this will keep going up and not break down eventually.
Relative strength on PORTO is wild though, this is what you want to see.
Take note for next bullrun...
LAZIO has been mega bullish recently, anyone know why?
Really interested, pumped off the low and now creating this massive range where I can't unsee all these levels. It looks good tbh, hold this key level currently and I see more pushing to the upside.
Will these pump sustain upward momentum, or is this just going to fail and break down all the way to its...
My TA on SOL for the next week, keeping the levels clear for me. We can pump or dump, but no matter what for now it is still just ranging until we break the range high or low.
Some LTF levels to watch, we just flipped a lower timeframe s/r which is good to see, meanwhile support and resistance on either side in green/red.
All we can do is play it level to level...
LINK needs to reclaim upper range band with confirmed candles (as seen drawn in green/red candle like boxes) and then I will long.
For now, this is a temporary short imo back to mid-range if we see a break in the recent trend's market structure. That's a short-term scalp though, so I'm not interested.
Ping Pong until further notice I guess, range still in tact...
Okay in all seriousness , my thoughts on SUSHI if we push higher on the chart. Short-term target and of course larger resistance/supply above to get past.
Must hold this key S/R that is currently seemingly being flipped, for now.
Bitcoin showing some green today but overall market structure is still bearish and not broken as of yet.
Monday could see green with a red Tuesday, we've seen this all too many times before.
Neutral for now.
An interesting observation I made on ETH comparing the previous bear market's notable structure and how it is similar to the fractals we're seeing currently.
Not calling the bottom, just an observation folks. However IF the 3 boxes play out like before, then in theory we would be bottoming now in blue box.
Would be cool...
Bitcoin still playing within this range, not bullish or bearish imo. As long as we hold the range low then of course the only other option is to test the mid-range and potentially the top of the range. We currently had a nice bounce (spring-like candle) off of demand/range low and want to see us flip the level of 19.6k before testing 21.5k. At that point I'll...
BTC observing a potential spring on the daily timeframe. A spring is a deviation below/above to take out liquidity and rapidly reverses the other direction, typically marking a significant shift.
What do you think - spring or is this headed lower this week?
GALA has been relatively weak here when others are showing strength, but that is fine imo because not everyone can show up on time. I've taken a fractal from something we saw before not long ago, that is exactly how I want to see this playing out for a long position.
Retest back down to top of demand zone with a strong punch up, many coins looking very similar to...
What I want for a long on Sand - especially given the relative strength were seeing now in the market today.
A retest of demand (grey box) where we broke previous MS and have triggered a micro trend reversal for now would be my entry. This grey box lines up with the break of MS and also the 618 fib level of the recent move off the local bottom (the sweet spot)....
More on this idea with some further detail, un-tapped supply above and local demand right below.
It's okay if we see red on Monday and come back down to the grey area. It would be a healthy imo.
Looking for longs.
Swept two previous highs now, into local supply.
If looking to short I'd take it on a lower timeframe break of MS and bearish retest targeting the grey box.
Ultimately I'm looking for longs and would like to add more in the grey box if we get it.
SPELL - update from previous post
Got the range low sweep (green)
Got the range high sweep (red)
Got the range EQ bullish retest (yellow)
Playing out quicker than expected, but the principals and levels are the same.
Target above in red dot circle.
SPELL has had relative strength lately and I feel nobody really noticed. Unless you zoom in down to current PA, it won't look like it has done much recently.
That is not the case, SPELL has:
- Broken out of two resistances (indicated in "breakout" and "s/r")
- Flipped a key S/R level into support, thus breaking bearish market structure
- Is developing a...