Well, the Cup and Handle pattern maybe is not ideal, but at least the breakout of the parallel channel is. If the market keeps an uptrend, target one - around 0.5 - 0.52$ is realistic. The Fibonacci levels on a Weekly time frame also relate to this level.
Short position, based on h - pattern is canceled. The rule says - when the correction movement up goes above 0.5 Fib of the length of the h-pattern, the trade has to be canceled. It's too early for long. Need confirmation. STG is in the list of the FTX tokens, so... its movement up is a bit tricky
h -pattern on 4 h TF. Usually, it plays out fully. More downfall for STG.
Levels for FET - Weekly chart. Cup and handle. In its entire existence, it has not retested the gold pocket on Fibonacci. Perhaps it would have been better to retest 0.5, but even without such a retest, it formed a Cup and handle pattern. This is how I see it developing in the long run and in a bull market. FET is an AI token, so we can expect some serious...
STG is one of my favorite tokens and crypto projects. Mostly for trading. But I would like to have a bag either. That's why I watch it not only for daily trading (I am not a daily trader at all, prefer the formula "buy low, sell high). It looks like STG is at his "last leg down" phase. It is healthy to reach 0.147 on the Fibonacci retracement level. The only...
The hype around the LTC halving did not change the Fibonacci corrective wave. I use Camarilla pivots for greater precision. The move up during the halving met resistance at $96.5 on the Camarilla. There is a Change of Structure (ChoCH) according to the Smart Money strategy. Downside direction. Buy zone or long-term investment - $61 - $67
TOTAL 3 just crossed EMA 200 on 4 h It made a beautiful consolidation (I measured it with Camarilla pivots). Don't panic through the RETEST period. If we stay at the marked levels our lovely alts are okay. If you choose so, buy more. The PANIC Square is the place where it's better to chill and not look at your portfolio every day. Relax. Don't sell. HODL. It...
Based on CMC ETH played a beautiful market structure pattern. Both Fibonacci levels and Camarilla's pivot point strategy gave confirmation about this long setup. Invalidation - if it breaks the structure and goes below 1608-1607. And still, if it happens, and still ETH follows the CMC structure, it should be made a V-shape bounce, so the loss could be minimized....
Let's be honest, I don't like ETH, never ever have bags or intend to have. I don't care who will get rich from it. Reason - I like many tokens on ERC-20, but they cost me such gas fees that I can't afford them on my private wallet. And I have to keep them in CEX, which does not make me their owner, according to the rule "Not your keys, not your crypto". So, it was...
It just looks like that. Why not be a pattern like the Simpsons :) Besides, as we know, this is a fragment of Michelangelo's Creation of Adam. So... now all that's left is for the chart to paint the "Adam and Eve" pattern
Reason for entry - Intraday pattern performed at 4 h using the Camarilla pivots method. Entry - only if the price goes above 102.5$ and is retested during the week - of 14 - 21 Aug 23 If there is an obvious uptrend in the market, it's possible to take entry 2 at 100.6$ if it is only a correction wave. SL - 99.1$ Target - RR 2 - 109.9$ FIB - daily, above 0.7;...
I only use horizontal lines to determine support and resistance levels. I build my main chart at 4 h. I also use the diagonal trend lines. I am still learning. RUNE movement looks like this to me. If it breaks the resistance at 9.19, it goes to 10, 13, and up. Or sideways... Risk zone for downtrend - 7.92