It's just idea so such straightforward fractals have a habit of not unfolding, i could imagine some more brutal moves. (in many respect i find teh bottom formation in Mar-23 a way to late, i find it more likely in Nov-22)
Alternative to the first trading idea I have posted recently, this one being clener and easier to trade.
Idea about a fractal i find compelling rn. Let's see how it unfolds.
Expecting lows in the blue box, Nov-22 to Feb-23 (will add a better matching adjustment soonish) I expect a bit of reaction on the current lows, (a more decent bounce as what we have seen)
Idea of bounce it is basically a 4h fractal end of Jul 21 to aug 21, after that i added arbitrary downtrend projection from last failed cycle (because the one in july was not failed, made higher high + gigher low from the prev.)
Adding fractal of the last reacumulation at lower range, I think we can have some reaction, maybe even bearish retest of 200dma, followed by stronger relief rally. Anyway, the projection marks bottom on 5th of February. Sentiment is crushed right now, to mark the bottom I would like to see higher volume.
Yet another strong set up. MATIC seemed to have "infinite bid" during this last correction and handled it nicely. If we sesome verticalaccumulation below previous ATH $3 should not be a problem.
I think the bullish continuation for $CAKE is imminent, $17 should act as magnet, in the worst case scenario it will be just a bearish retest of that level (important SR level and 200dma extrapolation), $15 might be hard to crack but I think it should go. Will update once we get there. Not much hype around it, love to see it.
The relative strength of AVAX is music to my ears and strongly supports the posssibility of a strong rally ending in Q1 2022.
Let's see how it unfolds, have some puts just in case i am wrong