Mini eth dump amidst all this EOS & XTZ fuckery. Followed by a solid recovery as King Vitalik takes back the throne, and alt season really kicks into gear in July.
- bull flagging above support with a bull div - looks very similar to how it started a bull run last time
- historically high hit rate bouncing off the bottom of this fib channel
Looks like it's in the support zone of a wyckoff accumulation cycle & there's bullish divergence
bitcoin breaks the double top and runs regardless... just in some instances it gets rekt afterwards.
idk tons of liquidity above, but unfilled gap below. Maybe hit the liquidity first, and crash to the gap once the bullish move runs out of gas. It makes sense. Sorta. Whatever, this'll age beautifully.
Really nice confluence around 110k sats for a target... but it seems unrealistic af tbh. Something like 75k prob more likely. Don't spot buy it imo. Looks like it's going to get rejected by the cloud and fall back. 20k sat buys would've been a bargain.
Great zone to spot-accumulate. Prob going to explode up out of the order block above that line. Not sure about target zones, mine are a bit conservative. But I like the r/r here way more than on a lot of other coins.
Currently in accumulation, will break out when it closes above that line. No idea how to figure out a target for it though. Presumably the target will be decent since it made a HL on HTF (assuming the higher low is respected before it breaks upwards anyway).
- bbands tightening - sitting above .786 fib - thicc resistance above - textbook wyckoff accumulation - exaggerated bearish divergence Likely explodes downwards out of the order block, turns into a capitulation wick, and 'springs' up to 'jump across the creek' Bullish AF
- massive volume - not exactly a falling wedge, but close - sitting above strong support - MM fees getting lowered May 15th, last time this happened polo coins pumped hard - and pasc is only on poloniex - rock solid fundamentals, this coin isn't vaporware - it has real world use cases
Prob going down from here, at least a bit. But I'd imagine we spring up soon after. Need to figure out where to place my bids...
Looks like 5.9k - 6.1k is a nice reversal zone. Anything under 6.5k is prob good entry imo.