Looking to buy the break down past the green line with stop losses at previous support. First profit target around 60 k.
1 to 2 week time frame or more to cross the Blue line to consider adjusting risk.
No selling under the Blue line, no buying above it
Almost there.... Going long with tight SL. Expect to break out of two downtrendlines.
Look for weakness close to the ATH. Close long/Build short as it runs out of momentum. Target is the 0.5 or 0.618 retracement.
Watch for the big volume candle incoming.
A look at the two largest sell offs in the opening day gives us some data (with decent volume) on market structure.
Only recently have we seen a little buying support around $29-$30, but not nearly enough to consider significant accumulation.
Accumulation could happen in the lower range between $28 - $30 going forward, with the significant possibility of a...
Weak volumes off the sudden crash indicates low buyer interest.
We should see another break of the red trendline to do a second test of Fib 0.382 @ 4.7 cents, then a slight drawback and another dump down to break through 4.7 and hit a new low at fib 0.28 (3.7 cents)
I expect to see a price channel between 3.7 and just above four cents as a possible accumulation...
Looks like Elon up to his antics again.
Some Fast buying around low 5 cents to keep price action up.
However there does not see to be enough follow up to create more momentum. The volume from the spikes is good, but that only indicates a larger one time buy, and lacks the consistent buying and increasing volume we need.
We were still unable to break through the...
Unfortunately Breaking the Red line was pretty significant, and price has so far failed to recover.
We are likely to bounce up past the two blue lines, but will probably fail and fall back to test 6.2 and break through to go into 5 cents or lower.
We just finished the 3rd test of 6.2 since it first hit after 8 cents. Its highly likely, the next touch will break...
Finishing the ascending wedge pattern, looking like it might break out to higher highs.
Volume is also declining up to this final point, suggesting highly volatile price very soon.
A dump down could find early support and be a good entry point to continue price discovery towards 2300.
After a scary time in the buy zone, we have survived, and formed a small ascending triangle that looks like it will run out.
We should blow past the green trend line, lets see if we can bounce off it to get confirmation.
several touches of the yellow down trend line suggest next touch should break up.
Very bullish the second touch of the red line didnt break, and was bought up quickly.
I expect price to break out past the yellow, briefly test the green trend line, before running out to retest the ATH @ 8.9
It probably will bounce off the ATH, which might have good entry...
We are about to see the fourth test of the downtrend line, where price should break out and retest the ATH @ 8.7 cents
I expect to bounce of 8.7 dip down and retest again, or break out into new ATH and start price discovery.
Fib extension Price targets after breakout:
1.618 @ 12 cents
2.618 @ 20 cents
GJ guys, two pushes with volume.
definitely good to add to this, buy the pull back, defend 3.4 cents
As to my previous idea about 1cent to 2 cent buy range i still feel is valid. This push could also run out of steam just under five cents, and tumble back down.
Both strategies could play out, risk management will be essential
1-3 month outlook: accumulation around 1.5-2cent sell targets are 8-10 cents
Review of the breakdown from 8 cents.
- Lower and lower volume on pumps and dumps suggests that despite our best efforts, retail is just not enough to move the needle and control the market. Each time we are tested at a support, we fight back with very little impact.
- Retail buying is...
We price channeled last night, with a little push and pull back.
After several dips being bought up, great opportunity to hunt the STOP LOSSES to help load up in the low 3 cent range.
After taking out weak hands, look for the push to new highs.
Buy the DIP opportunity, or adding when we test resistance could both be viable strategies.