mahyarkj

mahyarkj Updated 

Optimism is one of those altcoins that I have been carefully watching for a while along with TWT that has recently broken out of a triangle. OP chart very much reminds me of Matic before breaking the triangle after almost 650 days of consolidation; so I decided to share my thoughts hoping we all make some money if it follows the footsteps of Matic. - Usually when...

mahyarkj

14.6 cents before the end of 2023 next target is $1.38 by late 2024 and possibly $6 before the bull run ends.

mahyarkj

- I assume we will shortly break above 800 daily EMA this week and touch 32.6K which is the 50 percent fib level of the previous wave down from Nov 2021 - Then we go back down to retest 50 and 200 daily EMAs and then move towards 61.8 percent fib level of the previous wave at 39K - After that a shallow pullback and finally 58K - I don't think we go any higher...

mahyarkj Updated 

As you can see on the chart I use 50 and 200 EMAs and MACD to count the waves. Whenever we see a valid 5-wave structure we can also see the corresponding reactions with 50 and 200 EMAs. - First we see 50 cross above 200 EMA for the first wave to the upside. - Then we see a cross below 200 for 2nd wave correction and the gap between EMAs turns red. - A bullish...

mahyarkj

- IMHO we are currently completing the 2nd wave of the larger 5th wave. I assume we will break above the blue line by mid-2023; we will consolidate above or below channel median line for a while and then continue for completion of 3rd wave of the larger 5th wave (hit top of the channel). - After that XRP is going to retrace for a while (similar to what BTC is...