First, this is only a fantasy, it will probably not happen but I just draw the things I want to see if I am going to be exposed to a position. At the moment, we have nothing but a downfall. Unless the downside momentum slows down, this scenario will not be valid and we will be back at much lower prices. In case a price action like this happens, watch you momentum...
This will be my plan for FTT play till the end of year or maybe early 2022. Calculations made on fibo and meaningless trendlines :) Fingers crossed. Peace.
Still following the weekly scenario as mentioned in Would like to point out a shorter term move and potential resistance area to watch out for.
THETA is a lovely project focusing on decentralized streaming. As the price goes, as low as 3.80 can be met technically. Need a bullish candle pattern to confirm the start of the trend but I never chase the bottom. As in probability, this has a better chance on upside the way I see it. These prices seem to be good levels for accumulating and my targets for next...
Reversal patterns printing on daily, oversold stoch on weekly and selling momentum is slowing down. We might be bottomed out and this on has a good R:R. The support area should be help no matter what or this trade is a stop :) will try to update this in time.. Peace
With monthly - weekly - daily momentum all in oversold territory, BABA is currently sitting just above a crucial support on the weekly chart. I will be expecting a bounce and spending some time in the highlighted area for a while.. I'm on the long side as it has more probability in my point of view and last weeks close was a gravestone doji. I think we are...
Ripple is still above its major support area accumulating. You never know when this guy pops, it has a tendency to surprise the market. I will be watching this breakout from the marked area which will drive XRP token upwards with a catalyst probably. Breakout above $1.40 is crucial for this idea Three targets marked for midterm, with first two being...
TLM is getting tights. Might expect another retest of the support region and breakout. Entry should be close to the green box to minimize risk. Got 4 targets for TP and invalidation below the pattern. Enjoy!
Now that my bear scenario is off the table, I was looking for an alternative bullish cycle other than the one I posted before, which I will link as related idea below.. A more possible scenario in my mind would be a midterm 5th wave extension might be in due. I highlighted the important gann trend lines that would be acting as S/R and put in some fibo levels to...
I have two scenarios in my mind and both of them shows the same direction
Conservative target of $1.60 should be easy. I'm expecting a consolidation period before the big move but you never know with the low volume coins. Invalid below 0.85 so should be minimal position since its a very risky trade. For the ones who don't know the project, I recommended visiting their website. In brief, WOO Network is a deep liquidity network with zero...
HBAR looks similar to FET chart and getting ready for the breakout. I expect nothing less than ATH after this accumulation.. Enjoy!
MIR is showing strength and this might be the bottom for the accumulation to start a new trend. Candle patterns do not validate just yet, but RR ratio seems fine to me. $3.30-3.60 area needs to break and it will become a huge support for the new buyers. Stop should be around $2.80 to limit the risk. There is a huge upside potential with three conservative...
Link is on the verge to complete its cup& handle formation. Breakout validation will be confirmed by larger volume and getting past the neckline. Stop can be set to the bottom of the handle with two targets equal to the handle size and cup size in sequence. Targets are also aligned with previous weekly highs and fibonacci levels if you analyze in depth which...
KCS needs to cool off after this massive rally to have a healthy continuation. If it does head up for the 1.618 level directly, the consolidation will probably be too deep and might cause a panic sell off. Best scenario here is to form a bull flag/pennant while consolidating and accumulating. As long as the momentum and volatility cools off a bit its fine. Also...
COMP has been accumulating for some time and I have no doubts about the following two targets on the chart. Below 350 is a perfect entry for the current situation. I have no idea what the pattern would look like but one example is on the chart. There are dozens of possibilities (bull flag, eve-adam, cup-handle, bullish pennant..etc) but the result won't change...
ICP might be on the verge for a breakout. Trade Strategy: 1-) Buy close to support, stop below support, 2-) Buy the breakout stop below the black trendline. 3-) Buy the retest after breakout, stop below the green levels. -Targets are blue levels. Good Luck
Expecting this support area to hold to carry the market above 3.5T. If it fails, we will be in a longer consolidation phase and I expect alts to bleed. So please hold :) Technically following week should get the momentum to oversold territory and get ready for the next leg up, its already printing a hidden bullish div but this is only speculation and momentum...