WAVES is very volatile and will have a major bounce into resistance. The question is where the bounce will happen exactly and it should take place in the zone marked out below between 1.70 and 1.35. Will start to DCA around the 1.70 mark and add incrementally down.
With less than 20 days left until the 6 month close, the bulls will be looking to hold the 6 month 10sma level. While many are looking for the dump to 13900 levels, I don't think we see it until next year. The end of month close should be contested in the 18200 region.
Let's keep this very simple. We only have 19 days until the 6 Month candle closes. Anything below the previous candle body lows is a buy. A 6 Month candle close beneath previous candle bodies invalidates the long and you can find your exit.
Think Matic gets one more push up into the 1.00-1.03 zone before selling volume comes in. Correction is necessary and should get a good decent temp bounce in the .60-.63 range.
Good pump today that is currently being sold into. I believe there is a good chance of retracing to the 12H support neckline for the retest and a good buy opportunity.
This might finally be the move we have been waiting for. Consolidating in the lows for days, we see Jasmy about to close over the 2D 10sma. Already in a macro falling wedge, we can see a decent size move up to the 2D tenkan which would break out of the falling structure.
Simply setup. Falling wedge here and daily support has come under price. We haven't seen the daily 21ema and 200ma as support since LUNA lost it at $72. Seems rather significant, no?
2 week resistance along with 1 week 10sma retest. APE still under investigation by SEC. This is all a retest of Support flipped resistance.
Price broke out and has formed this nice bull flag. We have retested support and daily ema support coming up to support price. Daily kumo twist and this is a perfect setup. Target back to local high ~50%.
2 week 21 ema and 1 tenkan currently rejecting price. Opened second monthly candle over the 10sma. Looking at the daily structure, seeing the bid zone around the top of the cloud between the 2 week 10sma (curving up) and the monthly 10sma. Been patiently waiting for this long as I believe it to be the long into the trend trade. Easy invalidation with close...
Here we see the 2 week 21ema and tenkan acting as resistance (took the short here). Looking for rejection to 2 week 10 sma which lines up with monthly candle support. If you flip over to the monthly chart, you see monthly 10sma (support) dipping down. Pay attention on monthly open to see where the monthly 10 lines up. Could dip down to the monthly candle...
Had a nice retest of 2D tenkan and now ready for the cspan trade to the kijun. Daily cloud thinning out, would line up with test of daily 200MA.
If anyone has been watching the 2 week, could have seen that recent PA was over resistance. Now we see the 2 week tenkan diving down and could open the new candle UNDER price. This would line up with monthly support 10 sma. Watch for the 2 week close today. If market dips mor, the 2 week 10 is a good long entry.
JASMY has been getting hammered but now it appears that .004 will offer support. We can see it hitting close to diagonal downtrend. Volume has been coming in over past 7 days and we can see bullish divergence. Daily candle has been bought up today which we have not seen im some time. Wouldn't be surprised to see reversal here.
All time frames at support including this big one on the 2W along with 3W. Easy invalidation and possible big move up.
This isn't a small break up from this inverse HS, this is a macro break of trend and can lead to a big move.
VRA has been holding well during this bear market but eyes have been on the 2021 order block seen here. If price breaks down further, looking for the long bids in the OB. Good luck.
Nothing fancy here. 12H 200MA has been respected to the tee since last December. Coming for the retest as support today. Held weekly 10sma at close, held 2 week 10sma at close. Already broke out of long descending channel. FIFA World Cup on the horizton. This sucker looks ripe.