Out of all the altcoins ADA perhaps has the best chart of them all. So much strength and structure it really took me by surprise from a bearish perspective, and still now where other giants such as THETA are dying off, ADA still hangs tough. One day I will love to buy this coin but only for the right price at a market bottom. However the day is drawing to a close...
That my projection before the crash of THETA going to $1 was actually quite modest. LL coming soon enough. Not advice.
As the title says - DXY could be getting close. Just a simple chart here. Notice how price is rolling to the upside and hugging the moving average. Long term breakouts usually come from smooth ascents, not jerky sudden impulses. Higher highs and higher lows. This also has significance for stocks - see linked threads for my take. Not advice.
DOCN is a name I want to buy not short but anyhow its hit my fib target and there's plenty of bearish divergence. This gap and also if price rejects off this MA is a good sign its topped also. Back to $60 at least, could be more. Not advice.
The Fastest Move Dictates The Dominant Trend - Neely. Now the top has passed the dominant trend is revealed. I haven't been in this game too long but I have looked at A LOT of charts and I will say that this bounce is the strangest I have ever seen in terms of fibonacci and also that it arrived from a squeeze not a capitulating bounce. And this is why I now...
Having broken out, this move has all the volatility hallmarks of a B wave correction currently reaching up for what may be a blow off top. Although on higher time frame price drifted far past 0.618 from ATH retracement, good chance here price on this bounce price will not get far passed 0.618 retracement from the local top. But price could drift and confuse -...
Good chance ES will correct to at least the 100Dma here. Significant 2.618 fib has been hit taken from first significant pivots in Nov '20 after previous correction where price tagged the 100Dma. Todays bearish engulfing candle takes price passed local low which will likely conclude in an ABC zig zag correction back to $4350 area. Not advice.
After a multitude of fakeouts there appears to be a clear change of character (CHoCH) here with a contracting fractal driving an impulse upward. Price is holding well along the 30min20ma and shows there is structure to this move. Notice the form is unlike previous price action that is fairly spineless. Also the sudden impulse and collapse with no...
CLOV now looks likely to be in accumulation. Recent impulsive downward thrust was a fakeout and price has bounced well back into the horizontal channel. The easy return to channel is a very bullish indication I think considering how much time it has spent here already. Price has spent a lot of time in this channel and continues to return to it - this is probably...
LTC breaking out here past local top resistance. The fibs and resitances are somewhat scattered here, but there is a clear confluence with long term 0.618 meeting a potential ABC 1:0.618 @ $241 and $244. Price could continue on from there up to $300 depending on how much time BTC will allow. Currrently BTC is probing higher in what appears to be a topping...
ICX is at a pivotal juncture. Price has already tested the 200Dma and selling pressure should now be weakened. In addition ICXBTC is in exactly the same scenario - testing the 200Dma and a clear domed bottom. Back to ICXUSD and price has breached distribution resistance. It could really pump here or soon - also depending on BTC. Not advice.
ATOM has had an enormous recovery surge currently 36% to take price to higher high. This impulsiveness is a big clue that this coin is ready to have a solid rally good for swing trade as BTC recovers. However bearish divergence suggests there may be a correction coming first. ATOM is responsive to the 4H50ma and 4H200ma. If price tags the 50ma area, that will...
Sticking my neck out for fun on this one. 🔥 In light of BTC pushing higher, it will probably drift sideways plenty enough to allow some significant alt rallies.. And DOGE is a moon coin. 🌙 If price breaks passed local top without too much fuss, then I think this will be a 1.618 extension up to $0.93. If it gets there good chance it overshoots to hit round...
COIN looks like it can impulse to the upside if it can continue this trajectory. It is responsive to the 200Hma and also 500Hma. The 200Hma is doming, - capturing tops on the way down and now bottoms moving up. The 500Hma catches the recent bounce - B? If price breaks back above 200Hma then it could be en-route to make a 1:1 C wave up to $330 area. This...
MANA is curling upward here and could become impulse soon. This looks like a C wave 1.618 extension up to $1.87. Not advice.
THETA looking impulsive here. If it breaks up past local top then it may be a strong rally. 1.618 @ $14.2 2.618 @ $34 Not advice.
MATIC having looked corrective has broken out from a bull flag with significant impulse after the 4H 200ma caught the bottom. First major hurdle is the local top here and MATIC will probably form a continuation pattern before moving up. If it breaks through which it probably will then next significant fib targets are - 1) 0.618 @ $1.97 2) 1 @ $2.38 Impulsive...
ICP looks set to break out somewhere in this area. Since the bottom, price has completed a 1:1 ABC and now looks to be in a continuation pattern. Notice the mini bull flag breakouts within the horizontal channel. Each one builds pressure. As Wyckoff described - they are "the cause." When price breaks out that will be "the effect" of pressure built and may well...