Stoic-Trader

Stoic-Trader

Expecting a new leg to the upside after retracing 50% from the recent price rise. Price action is indicative of an impulsive wave to the upside. Entry = 1.6180 SL = 1.4768 TP = 1.7596 / 1.9011 / 2.0421

Stoic-Trader

The correction from the March high is still ongoing. Even though 1.000 (green zone) is offering strong support, I still believe we will see a stop-hunting event for another leg down before a recovery. If that doesn´t happen, I´ll be bullish above 1.695 (purple line).

Stoic-Trader

Gray support, which matches 61.8% pullback is being very resilient. My primary count considers the correction has been finished, but I don´t rule out a stop-hunting event for a new low. Above green resistance, I´m very bullish.

Stoic-Trader

Expecting a continuation of the upside for red and blue wave 5. 🚀 Entry = 0.66042 ☠️ SL = 0.65855 🏆 TP = - 0.66229 - 0.66416 - 0.66603

Stoic-Trader

I'm considering the current downtrend to be the correction from 2171.30 to 4093.92 (black Fibs). 61.8% (2905.75) is offering solid support. Nevertheless, the 100% extension (which occurs more them 70% of the time) sits at 2693.35, which matches the green support zone. My preffered path for a reversal is shown in the orange arrows - a test of green support, with...

Stoic-Trader

GMT is seeing some recovery in the last 2 days, but I see no reason to be bullish yet. I'm looking at an ending diagonal (green I-V), which would require one more leg down to complete blue wave 5 / black wave C. There is also no RSI divergence and no higher high. Overall, bears are still in control.

Stoic-Trader

IN the 4h timeframe, price is making a flat correction (ABC) and I expect support in the blue zone for continued uptrend. The blue zone represents a convergence of previous support zones and 50% pullback from the impulsive wave.

Stoic-Trader

DOT finished a 5-wave cycle which is now being corrected. Wave C could have finished in the green support zone, but I don´t rule out another leg down. The break of blue resistance will be very bullish.

Stoic-Trader

Taking a closer look at the 4H timeframe, it seems that the downside is not over yet. The upside movement was corrective (green ABC), while the downside is impulsive (green I-V). I expect green resistance to hold any bullish movements.

Stoic-Trader

DOGE's correction could be wrapping up the blue ABC soon, which could give us long trade opportunities. Ideally, I'd like to see a recovery above gray resistance and retest, for a new wave up targeting green resistance (around 0.165-0.170.

Stoic-Trader

The dollar is getting a reaction to the upside, and my primary count considers green wave IV is finished. Stop Loss is set below wave I high. Final target is just above green wave III for green wave V. Intermediate targets are in resistance levels along the way.

Stoic-Trader

Even though we're still inside the black channel, the conditions are in place to consider price is back in the uptrend. Major gray support has been broken and is being retested. If this level holds, we're set to test the mid 0.0003's.

Stoic-Trader

It is possible that C98 could start to regain upside momentum soon. Even though the impulsive movement is not entirely clear, I´m relying on multiple ABC wave patterns. Wave Count: My primary count suggests there is one more leg downward needed to complete black wave C. Strong support is anticipated just above the 0.20 price level. Technical Indicators: I...

Stoic-Trader Updated 

BNB is currently in gray wave 4 correction. At the moment, it seems that this is a triangle formation. Nevertheless, this is not a good price for a trade, since the stop loss would have to be way down, and wave 5 could be short (since 3 was extended). In case we get a deeper pullback, I'll look for long trades. If not, I'll wait for wave 5 and a larger correction.

Stoic-Trader

The correction phase for SLP is likely still ongoing. My primary count expects further downside for green wave V to complete the larger blue wave C. The 100% extension level (at 0.002865) for blue wave C is the most probable target, occurring in over 70% of similar scenarios. Invalidation Point: This count invalidates if SLP rises above 0.0062 without first...

Stoic-Trader

The thesis of an impulsive wave which is being corrected is solid. Ideally, we'd see another test of recent lows before regaining the uptrend. This scenario invalidates if 0.04764 is breached.

Stoic-Trader

Expecting continuation of the upside for a test of recent high. If price hits partial profit, I'll move my stop loss to the entry point. Trade supported by lack of bearish divergence in lower timeframes.

Stoic-Trader

Price broke out for an extended wave 3 (230% gain over wave 2 low). We´re now in black wave 4 correction, which I believe is not over yet. Some more downside will be interesting for long trades.