Boba Network (BOBA) — Get Ready for Explosive Wave 3 (Easy 28X)I'm not going to make many posts about altcoins and I'm only posting some of those that I'm holding personally and have the best structure in my opinion.
This is another great opportunity similar to my previous posts.
During a wave 2 correction price action did a retracement to the 0.786 level and is now moving sideways inside a support zone.
RSI is stable and moving sideways on support as well.
Nicely looking structure on the BOBA/BTC chart, sleeping on support:
Look at these wild green weekly candles in the first wave: +70%, +45%, +98%.
And +5000% in one week in 2021.
Judging from the size of wave 1, wave 3 can easily reach previous all time high and even exceed it.
Conservative target: $6.00 (2700%).
BOBAPERP trade ideas
BOBA USD has a taste for $0.35 but its true target is above $2ATR is set to a 14D TF when using a 4HR TF. I need the overall picture so I retraced ATR lines so I can bring the chart to a 1D TF.
My ATR is detailed to my specific needs. Sometimes using the same timeframe as ATR, the idea chart can get corrupted.
Pay attention to this and it's very important if you are investing in BOBA you follow these instructions.
Add indicators:
Make sure Stoch is above the 25-level line
Make sure RSI is above level 50
Make sure the MA is set to 14 and candlesticks must be above the MA 14.
YOU MUST BE ON A 1-DAY VOLUME TIMEFRAME for BOBA. Each ALT restrictions apply
The strategy for this is not to sell until stoch is overbought and do not think for a moment about the "WHAT IF'S" like what if it goes higher. NO, get out when it's overbought.
As of now, Stoch meets the condition of level 25.
RSI is at 41 and needs to be at 50 or above
MA 14 is currently above the candlesticks
If BITCOIN continues to go bullish, then only you will know if you can tolerate a BOBA correction and then enjoy the pullback for a greater price.
If all these conditions are met then it's entry time. If you're not sure. Hit me up:). If conditions are not met but let's say two only got met then don't complain about how you got trapped.
Keep this strategy for entry
Currently, BOBA is at PIVOT LOW. If this was me, I'd enter and wait. Boba is a Smart Money ALT.
This ATR may say for now 35 cents but the reality of it, I can see BOBA going above and beyond $2.
My rocket blaster has placed the buying signals in the same zones where whales bought which are the green triangles.
If you do enter this trade. Do not sell for losses. Don't ever treat Crypto like a casino.
Random Doodle for BobaIt just tagged its 1.618 fib extension completing a 1-2-3 setup 3 wave move to the upside, its going to try to rise above the 50 day sma (in gray) but it may retrace as it comes down before it jumps up above it like Bth, Eth, Sol, and all the other alts are doing at the moment with some offsets in time.
Aside from an ABC pullback, its setting up a larger 1-2 3 setup for a larger bullish move in about a week or so. Probably providing a good re-entry in the coming few days.
Once it gets above its 50D SMA it will be bullish as Boba and the rest of the market are setting up for larger upside moves. It will most likely do the retracement prior to time its main move up after the blue chips, cause they usually move first then the alts follow, but if it instead quickly gets above its 50D SMA it may just hold it and retrace above it then go up more.
Good Luck. God Bless! =)
BOBA.usd heads up at 1.3111: if not top, then a major landmarkQuick post to alert of BOBA at a major fib..
Golden fib at $1.3111 is a major landmark.
What happens here will offer some clues.
It is PROBABLE that we get a pullback.
It is POSSIBLE to break and retest to fly.
It is PLAUSIBLE that we have "the top".
================================
BOBA has the potential to soar over $2Building this big patterns
obviously take time.
An inverse head and shoulders
really is just a representation of "Smart" money & "Dumb" money.
(Smart & Dumb are interchangeable with patient v impatient or emotional v unemotional, whales v shrimps and most likely a combination of all these characteristics)
Anyway BOBA has left shoulder , the rejection from this level to make our bear market bottoms
to flush all the sellers...
An opportunity for strong hands to accumulate
A run up maybe caused by a handful of smart money and/or market conditions raising all boats.
Another opportunity for weak hands to exit.
And the right shoulder when the big players make the higher base, from which they take the asset to the neckline again.
Fundamentally #BOBA like all scaling solutions should do well in crypto fall, with high network and gas usage.
BOBA is looking like the brew is ready to serveLooking at the provided chart, it appears that the price has recently formed a rounded bottom, often referred to as a "saucer bottom" pattern, which is typically considered a bullish reversal pattern. The price has broken out from this pattern and is currently showing a strong upward move.
The volume accompanying the upward trend seems to be significant, as indicated by the increase in the volume bars at the bottom of the chart, which tends to confirm the strength of the move.
Technical indicators like the Relative Strength Index (RSI) are showing increased momentum, as the RSI line is ascending, but it is not yet in the overbought region, which suggests there might still be room for the price to move higher before becoming overextended.
The Moving Average Convergence Divergence (MACD) shows a bullish crossover, with the MACD line (blue) crossing above the signal line (orange), which typically suggests upward momentum.
Ready to fill the teacup with our brew?
BOBA / USDBOBA USD
LINEAR CHART
1D DAILY
TREND LINE ANALYSIS----
- Symmetrical Triangle (BLUE TRIANGLE) Broke upward and is now RETESTING itself
- Long Term Trend Line (RED LINE) Broke Upward and now being retested
- Fibonacci retest showing multiple GOLDEN POCKET scenarios for a good BUY entry
Despite the 'over bought' signals on the DAILY chart, possible ZK hype and volume can send this coin.
BOBA 1h ShortSetup: BOBA just broke down of its daily lows. I like the fact it consolidate first before breaking down. This means there are people willing to sell at a low price and the sellers finally overcome the buyers.
Entry: 0.4
SL: 1 ATR above the consolidation point at 0.4638/ trail using SAR
TP: Trail using SAR
RETURN OF THE BULL RUN... POSSIBLE DATE??!Was looking over my old charts today and noticed something that made me go hmmm.... On my old BOBA chart I noticed that it was tracking perfectly down towards my projected level of $2.27. After drawing a few lines I realize that it might have confluence with the present market trend and if so it would schedule the market trend to reverse at a well anticipated date, exactly at 12:00 a.m. on 12/12/21!
HMMMM!!!