ETHUSD: Bearish Scenario Based on Martyv TA Kit and RO FlashI'm getting back into market analysis, forgive me. So looks like ETHUSD wasn't able to hold onto the 236, and using the Martyv TA Kit I am able to see from a few different schools of measurement ( elliot waves coincide roughly with the 236 on the 45-min chart, and on the 30-min I do see a lovely indication from the RO Flash (Rocky Outcrop, check him out on YouTube and here for top-tier analysis resources). The RO flash on the 30-min would take us down to roughly the 786 on a retrace, so there's a tiny bit of confluence in the predictive sense there. Anywho, let's see what happens!
Candles on the left, Heiken Ashi on the right... y'all gotta try this! Gives a lot of context.
I'm going to try and put my thoughts into these ideas more often. I'm having trouble with journaling my trades and hoping this will open a door for me. Cheers!
Rockyoutcrop
BNB 4hr Long to at least 624.6 (+13%)BNB is above the .236 fib level of the most recent drop. The .618 lines up with the 200 MA, and there is an RO-DMI Flash at $624.60.
There might be an inverted H&S which the measured move from would take you back up to the .618/200 MA. May want to wait for BNB to burn off some bearish divergence in the short term. A better entry might be at around 540ish.
If it can reach the 1.13 fib at $646 and if it can maintain above resistance at around $650. I would expect it to retest ATH and if it breaks that I would expect $720-800 as the next ATH.
We'll the 4.20s soon.Has been a tripp , right? It ain't easy to transition an entire underground movement into a legal bureaucratic compelling business. There's so much potential for these companies.
So let's look at the recent price movement. The DMI shows we reached equilibrium around the mid 4s, if we get a broader market uptrend we'll highly likely see our favorite number 4.20. Exceptional volume has shown up meaning an uptrend is forming. If the ship is steady (RSI) well probably could see 5s again end of month. Let's set sail!