Fib channel pointing at next low and when to expect it?
3/2/21 - $.56 to $.52. This price will probably not hit exactly on. I plan to put in a few buys a little above this number.
I find a lot of people who share their charts focus to heavily on smaller scales and never look at the Day, Week, or Month. The larger scales serve as a road map of where price is...
Next candle may drop to $.85 to $.87 resistance level.
I may or may not buy in at that range.
Will look to sell at $.95 to $1.05.
Can't stress it enough trade cautiously. Risk is not always worth the potential of a reward.
*These are my opinions for the purpose of pattern recognition. This is not financial or trading advice.
I'm expecting a slow weekend..
ALGO heading to $1.08 to re-test resistance level. My exact price prediction is $1.0725.
Price could go to $1.17 but I don't think it will based on previous peaks in the 1hr and 30min views.
3/1/21, or possibly sooner, we should see price start dropping dramatically.
*My opinions not trading or financial advice.
1. Will most likely see a re-test of the $15.3 resistance/support level which I expect to break.
2. Next support to test is $12.7. If this support breaks expect a re-test of $10.5.
3. If the $10.5 support breaks I expect price to rattle around $8.5 to $10.5 before beginning next impulse wave.
My thoughts on Cosmos ATOM:
Total supply 260,906,513. APY for staking...
Like aapl and a few other stocks BTC is forming a Head & Shoulders pattern.
If the 2nd shoulder is above the neckline expect a new Elliott impulse wave. Price will go up.
If the 2nd shoulder is below the neckline the correction wave will continue. Price will go down.
At the moment I see a buy price of 30-35k very possible sometime in March to April.
NASDAQ:AAPL seems to be following the path of crypto. The cycles for APPL appear to be longer than other stocks and alt-coins but is currently forming a correction wave. Interesting pattern noted is the finish of the correction wave matches the peak of the previous wave. For the past several cycles.
1. Will price break the upward channel?
2. Will the 2nd...
ALGO finished the Adam and Eve pattern and retested the neck line. Price is now dropping to the .67 then the .52 resistance areas. In the short term I'm bear on ALGO. In the long term, after this cycle completes, I'll be holding until a price in the $5-10 range while collecting an APY.
In my opinion the current midterm trend dictates a price of $.50 - .70.