davuddadar

davuddadar

The primary strong capitulation point occurred in May 19th at the $26 price point. Since then, the price has bottomed at $9.50. This makes the $26 the 0.5 level of Fib retracement. From August 20th, the price has ranged in the 0.5 to 0.618 band of Fib speed resistance fan, and has formed a broadening falling wedge (a bullish pattern) with the target at $26...

davuddadar

In June 2014, the price was under the 200 day moving average and the MACD line rose from a dip to reach the orange signal line, after that there was 60 days of sideways movement and no definitive breach of 200 day MA and then the price crashed 75%. Right now, we are in a similar situation. The price is around the 200 day MA and MACD has reached the signal line. If...

davuddadar

BNB has formed a fractal formation of flat-top triangle with a head and shoulders at the end. Both are bearish signals. I expect a retest of previous low of $230, but if it can get a strong bounce at around $265, there might be a retest of $320.

davuddadar

BTC is in a rising wedge and we know what that means: bearish, right? Not quite. Currently, the price is at 0.75 Fib Speed Resistance Fan point. If the wedge is about to continue upwards, the volume has to increase and the price will have to break the 50D MA. If that happens, the first target is 0.618 Fib point at around 37K. On the other hand, if it can't hold...

davuddadar

The last time the 7D MA crossed over the 30D MA, we saw a 50% pump after 3 days. Because of overall bearish market trend, we might not see that repeated that fast this time, but it will eventually get there.

davuddadar Updated 

If, by the beginning of the next week, the price could not break the sloping resistance line, the death cross is going to happen. And if death cross actually occurs, we will definitely lose the MA 300 support and the price probably will enter the 25K to 28K channel.

davuddadar

The 7D MA needs to cross 30D EMA to repeat the previous upward trajectories. If by next few days, the ratio doesn't bounce of the 0.043-0.044 zone, we will probably see a collapse to 0.037 level.

davuddadar Updated 

Since late 2020, the MATIC price action has been consistent on the 30 day MA (Cyan band). From Dec 2020 to May 2021, the price has tested the support 6 times on the gray sine wave, and has tried the resistance 3 times, on the gray dashed sine wave; and stayed in this range for this period. From early March to late April, the price has consolidated in a 75% range...

davuddadar

I am a firm believer in the power of Sine Wave, and this chart shows why. First, some explanations: 1- The green wave, starts at the bottom of 2011 price and ends in the top of the first peak; 2- The dashed yellow wave, starts at the mid-range of sloping phase (which is the FIRST peak), reaches the bottom at the first bear market nadir, and ends in the peak of...

davuddadar

NFA

davuddadar

Third time's the charm...

davuddadar

Possible scenarios after completing the triangle

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NFA

davuddadar

WE ARE JUST GETTING STARTED

davuddadar

Each sine wave has twice the range of the previous one. As you can see, on two previous occasions, the price has fluctuated between the support trend line and corresponding sine wave. After breaking the support trend line downwards, a new support line is established and the next cycle begins. Next target is 75$.