Luna is completing its first wave with subwave 5 as ending diagonal/rising wedge. Meaning it's good news for those who are latecomers and haven't had the opportunity to buy yet. All we need to do is to play the waiting game and let the market correct. This is Weekly chart. It's going to be a long wait. It's always good to have better entry point rather than...
Broken rising wedge and another rising wedge forming. Strong resistance near $46,000 - $50,500 as so many buyers were stuck hodling since December 2021. Many will exit to breakeven or take some small losses making it difficult to break through $50,800. Lack of recent volume also looks worrying. Plenty more evidence that Bitcoin will soon taking a dip. Please...
According to the price target of Head & Shoulder pattern in Daily timeframe here, Bitcoin will inevitably hit $17,000. There is also a rising wedge pattern that is forming right now. Rising wedge is a bearish pattern. The broken bottom support of the wedge will thus strengthening the idea of Bitcoin will soon be taking a dip. Please tighten your trailing stop if...
This is a correction post from my previous post as Tradingview Ideas are uneditable & undeleteable after 15 minutes. According to the price target of Head and Shoulders pattern in Daily timeframe here, Bitcoin will inevitably hit $29,000. There is also a rising wedge pattern that is forming right now. Rising wedge is a bearish pattern. The broken bottom...
XCAD Network Initial Coin Offering was somewhere around May 2021. So I'm certain this chart is showing XCAD from the very beginning. It started with a 5 wave Leading Diagonal with subwaves 3-3-3-3-3 to complete a Supercycle Wave 1. And then it retraces to form Wave 2, a Zigzag pattern as I checked on the Daily timeframe. Trading volume also shows some spike...
As we can see here on this Weekly chart, we have a very clean impulsive wave 1-2-3-4-5 to the upside completing wave (I). And then market retraces forming a Zigzag correction for Wave (II). When can we buy? When Wave c of the Zigzag inner waves count is finished. Please see Daily chart for a 1-2-3-4-5 sub-waves count of the Ending Diagonal. When the count is...
Chiliz might be going to end correction soon with Falling Wedge brekout & Resistance 1 breakout in place. Break above 0.3304 should signal the start of the Wave 3 of Grand Supercycle. Good buy range is anywhere between Initial Break zone and Resistance 1 level. This is Weekly chart, things might take some time to kick off. Be patient.
As we can clearly see Decred on a Weekly chart here, it's about to end Wave 2 Zigzag correction. But the Bulls will not take charge until the break of Resistance 1 level at $66.8. If the break happen, it should be ready to enter Wave 3 impulsive move soon.
ETH is currently forming a bearish Head & Shoulder. Break below neckline would prolong bear market. Nothing is confirmed now until the break of the neckline. But the chance are quite high as Support 1 was broken decisively and also oscillator's divergence.
Looks like the Broadening Wedge of Dow Jones Industrial (DJI) Index here has been broken. Market retraces back to the broken wedge support and succesfully rejecting it, hence SBR (support become resistance) was validated. Abstain from buying stocks for a moment. Pile up a lot of cash, once the recession is over, it's time for shopping spree again. Quoting from...
- Market retraces since April 2021 - And now it has hit Weekly Inside Bar support, - And then forming engulfing candlestick pattern. Low of the engulfing formed another support. Which can also be our stoploss level. - Market breaks the Resistance 1 quite desicively. - And then broke Resistance 2 as well. - This indicates that the Bulls are now back in...
SOL has just completed its Wave 2 and is now ready for Wave 3 up. 115.45 resistance has been broken desicively with quite considerable amount of volume. Uptrend is highly likely to continue. Best buy range is anywhere between 78.62 to 115.45. Chaikin Money Flow indicator is also below 0 line indicating best time to buy. For a refined entry, consider doing...