If you followed my ideas on KNC since day one, you would be up almost 300%!! Congrats to who followed.
*New supports* that MAY be tested,These supports are important for continuation another leg up.
Since my last idea on the 30% correction went through perfectly , we find ourselves in a familiar place...
ZRX failed to break heavy resistance on the 3day chart multiple times as you can see, and has now made a lower high on the 2day.
I expect a pullback and these are the levels I will be looking at.
My call on the breakout was precise. I bought in at .82 and sold everything, Now what? Just be patient if you missed out.
A correction is inevitable no matter how bullish,it is actually constructive for the structure for continuation. The key is where is a "good" buy now?
Well that depends If BTC drops, everything follows.
A key area too look for is the $1.08...
btc broke resistance of 9790(not confirmed until daily close) and is gearing to breakout. Looking at major time frames 1day through 3 months, all stochs pointing strongly north.
1 month and 3 month close in 20 days.
Now that Zrx broke out, it will be confirmed bullish on every major time frame upon close tonight.
Like my KNC analysis, I do not see much pullback on ZRX unless BTC breaks down.
A break of .36-.364 on a hourly open and close would make me cautious.
Now that KNC broke out, whats next?
Well open interest is off the charts, do not let stochastics fool you that the top is reached. Although it may very well be... for now that is.
Major time frames are extremely Bullish will be confirmed at close. Now unless BTC breaks down, I do not see major pullbacks happening.
If we do break under 1.08 on an hourly with a...
Atom stochs from 1hr-weekly all up in sync together, which is a powerful indicator that ATOM might flip bullish, unless momentum stop. The trend is up in all time frames. I will be setting tight S/L on this trade.
As of right now the 1day H&S failed to complete but the 12 hr H&S has completed and has a target of 6815 to the exact.
Current support is 7298, our old resistance on weekly TF now being used as support.
Our target of 6815 is old support on weekly TF
But we did bounce off of old resistance , keep in mind.
The Head and shoulder on the daily played out, with a lot of room to fall.
All supports and resistance on my chart are body open/close- no wicks.
Currently all gains made from the last 20 weeks are erased.
we are coming towards much support
Bottom in yellow on chart, although we very well may have hit it -anything is possible.
Let me know where you guys...
Short term- Red circle indicates possible h&s(In light blue). may get faded.
Bigger picture- daily is bouncing in a Bull Flag(In purple) and possible handle.
This is all without looking at indicators, just visual's.