We seem to have completed waves 1 and 2 of the upside, and this token could get huge gains soon.
The conservative entry would require a break of previous 30.68 high.
If you´re more aggressive, you could begin building up a position now. Note that the correction could still be in progress, and we´d have lower lows below 20.
Not financial advice....
All charts are made on current market conditions.
Mainnet is live i like this project and feel it can have a future.
Things of note:
We need a monthly close above 20.00 to go after 33-36 range.
Anything between 11-20.00 seems to be a consolidation zone .
Area of interest right now around 17.50 please follow the path i highlighted.
Right in...
Price action from early July is happening in 3-wave movements (green ABCs).
This is indicative of an ending diagonal, and I expect another 3 waves to the downside for wave 5.
This count is valid as long as we stay below wave 2 (21.255).
There is slight RSI bullish divergence, indicating the loss of strength in the downtrend, but I'm keeping this count as my...
Can you guess that this one is ready to move next?
This pair produced a very strong wave since June 2022 and is getting ready to move again.
Why can it grow this much?
If you look at the BTC pair you can see that it is really strong. Let me tell you why.
It had a different name in the past, they crash it for years and years, change the name and start from the...
Correction is still ongoing, but the wave count hasn´t been invalidated. I don´t believe the downtrend is over, but as long as we stay above wave 1 (at 19.17), I´m keeping this count.
We would need solid bullish price action to consider a long trade. Initial barriers are the green descending trendline and resistance at 32.00.
In my primary count, I am considering W4 to ve concluded.
A break of $40 resistance should lead us to a new higher high (at least $50).
We also have a possible inverted Head and Shoulders pattern that reinforces this scenario.
In my previous SSV post, I made an amateurish mistake: looked only at the SSV/USDT pair in Binance, which has less data, without looking at a longer term picture.
In this chart we can see clearly that a deeper pullback was the highest possibility.
Still can´t tell if Wave 4 correction is finished. We may still have some more downside to test the 50% pullback.
A small update after the merge earlier today:
- SSV broke to the downside before the merge and right after the merge it pumped right back up, with nice volume, above the trendline and got rejected by the .382
- In my opinion we will go into a small accumulation phase where we just go sideways for some time. It would make sense if this accumulation will be...
Market Structure shift occurred at 14.96+ level, retested the 88.6% fibo level swing that lead to that shift.
I can assume that price is set to hit 18.9+ area.
Please like and follow me, comment what you think about the idea. 🙏🙏🙏
I would consider the par as bullish if 4H candle stick closes above 9.23 price level.
PPPDirhams.
Disclaimer: This is just my idea. Am not liable for the end results if adapted by anyone. Trade cautiously as there are chances that you will lose your investment..
BINANCE:SSVUSD
