OBV moving up slowly but surely with price.
Now consolidating in triangle on hourly with volume increasing. Next major resistance is around the 1450 area where green line is marked.
Place stop loss below the low point of triangle for a great risk vs reward trade.
Beautiful Elliot Wave formation. Looks absolutely primed for a very big pump. Set buys from the .5 to the .786 retracements where the yellow arrows are.
There's a chance it has a shallow retracement but that's rare for a wave 2. Minimum target here is $8.00. If wave 3 extends it's going much further. I'd expect this coin to go to at least $8.40 to $8.80 at top of...
EOS making classic ascending triangle.
Should be the 5th wave of larger wave 3. If it extends, it could go to 9.50$.
Take profits at around 9$ to be safe and let 25% ride if it moons.
This profit target is based on the length of wave 1 and the pennant/flag pole length. Has nice confluence with the channell you can see in blue too.
What a run. Hopefully you've made some serious money here by having the balls to buy the dip when most of the world was screaming 'bitcoin is dead' for the 100th time.
Anyway, looks like we've finished 5 waves up of the major 3rd wave. Time now to correct pretty deeply.
Given the move up was a parabolic advance, it means the correction will be fierce too. At least...
Wave 5 should be same length as wave 1 at a minimum. (which is $408).
So target for wave 5 is from bottom of wave 4 where the blue arrows are +$408.
If wave 5 extends to 161% of wave 1, it will be $408x 161% which=$660.
So an extended wave 5 would give us approximately $6250.
Correction after should be to approx 5K area afterwards. Which would be...
Volume on wave 3 was the signal for me. Those are just beautiful waves 1 and 3. If wave 5 completes here, the retracement will tell us if we've actually hit the bottom of the bear market and are now accumulating for the next bull run, or if we are to test new lows.
I'd favour the bullish scenario right now to be honest. During the larger wave 4 (which could last 2...
Classic wave 4 triangle in the making.
Volume of wave 3 was awesome.
Good thing with this play is that all you have to do is set your stop loss at the bottom of the C wave of the triangle (roughly 4900$ or slightly lower to be safe).
Risking $150ish for a $650-700$ gain.
If the stop loss is triggered, we know that this was a correction, not a 5 wave impulse, so...
This shitcoin just got pumped.
Nice bounce coming off the 618.
Keep an eye on the 0.618 on this altcoin pumps, it provides incredible support for algos and bots that take advantage of the B bounce of the ABC crash after each big pump leg. Take profit at the 0.382 fib and then let some ride to the 0.236
Personally I don't think we've seen the bottom yet. But in the short term, it's time to try and squeeze some more retail money into this ponzi while the media's paying attention. Perfect time since we've hit 3200 and plenty of normies thinking this was the 'bottom' of the bear market. It could be, but I think we'll at least test the 3200/3k area again. Probably...
-I will post close up of current movement and what I think is currently an ABC below
-RSI on daily chart just broke support but this triangle and the recent bullwick still support this ABCDE triangle as a B wave of an ABC before completing wave 5 down.
-We should see a 0.61 1:1 or 1.618 extension of Wave A to make Wave C which would potentially top out at $1.40....