It's hard to look at this coin any other way to be honest. That first A wave retrace gives it all away. We could see B come up a good ways -could even test ATH and above- but make no mistake, Sushi may be done this time around. Trade Safe. See you in the trenches!
Wave 3 here has extended far beyond the 4.618 extension of wave 1. This typically means a good correction followed by a truncated 5th. Let's see how this all plays out, but I'm not optimistic about challenging the ATH again soon, unless wave 3 is not finished yet (which is also possible). Trade safe!
My concern here is the lack of divergence on the RSI. We can see clear divergences on Histogram and OBV. Coins can bounce with just those, but I would have preferred to see it on the RSI as well. Bitcoin really made this coin bleed badly. Lets hope Bitcoin goes sideways for sometime so that this coin can resume its 5th wave.
WIN did bounce of the area I highlighted as the "next support" level on the .786 fib range, but is still in some hot water. I'm not convinced this bounce will lead us higher for the moment. We need a clean close above the "DANGER ZONE" for me to contemplate a trade here.
If you're still here, you survived the 7.5B liquidation crash from this weekend and I'm glad to see you all back. Let's take a look at Bitcoin for the upcoming weeks. We are now entering a (b) wave which should see Alts soar in the next few days/weeks, followed by the 5th wave of this wave 3 bull run. Targets are fib related, and could vary greatly. This is just...
The weekend's crash really made things a bit more obvious as to what this coin is doing in terms of correction. The bull flag it is forming is obvious and the range it is in is quite considerable as well, which is ideal for a great scalp. I don't expect us to stay in that range much longer. I do however expect a retest of the upper trendline once wave 3 breaks out...
This is a short term long play I'm considering. BUY the ODIN ZONE, Sell The FLOKI TP ZONE. Low leverage. SL $7.80
With last night's BTC mini dip, BAND Was able to complete is ABC. 26$ is the next target from here. Ladder down is possible to about $19.00, but I don't think it will go that low. SL Below that level.
As some of you may know, I flipped to a bullish bias towards the 52k area. The bear volume just wasn't there. This is a count I,ve been watching for some time which I believe to be the most plausible count. The wave targets are fib inspired. BTC is currently trying to flip the 60k into a support. So far it has held on the first retest. It also has a long time...
This overnight correction forced by the BTC mini dump is pretty healthy for this subwave 3. It also means that wave 4 will most likely be more a shallow retrace and wave 5 could take us much higher. Lets see how this plays out! Don't forget to adjust your stop losses.
My last HBAR idea had us in a contracting leading diagonal. This morning after the Bitcoin correction, HBAR is most likely printing an expanding diagonal as illustrated on the chart. Assuming Bitcoin is done its corrective wave for now, alts should bounce a bit harder than BTC. HBAR broke down from a somewhat strong support in the $0.365 region last night, a...
The double top DOGE printed out illustrates the top of a 5 wave structure and the top of the B wave. This is probably a short term scalp setup. I see us visiting a double bottom at the very least. If the double bottom doesn't hold I see us visiting the $0.085 region.
Update to the previous setup: We've seen a nice bounce with an increase in volume over the past 24 hours. We're already at our first resistance near $0.0017. Let's see how this coin reacts. I do see a lot of upside remaining as we enter subwave 3 of wave 5.
HBAR seems to be evolving in a contracting leading diagonal in its 1st wave since correction from ATH. I believe we're just finishing the end of wave 4 in that substructure, with a wave 5 taking us to an ATH retest. The subsequent wave 2 retrace will be the very last chance to buy the dip before this coin takes off. Do NOT get left behind on this face melting!
Support levels are a bit wacky on this coin. But now we're at a bounce or die level right now. The next level of support in the form of the 2H 200 EMA is at the 0.00136 level. Tread with caution here guys.
Lets see if the pictogram plays out this way, but XRP has been melting faces lately. It broke out of a bull pennant and retested the trendline with a small bounce. Wouldn't take much to send this coin flying again. Lets watch!
HOT Swing play might come to fruition in the next 24 hours. I expect more correction to come. I will be looking to enter a long between the 0.5 and the 0.55 fib range, which coincides with the powerful 4H 200 EMA support (expect a wick to the 0.01515 range). You can ladder in a bit more if we drop to the 618 fib range, but suggest putting a SL below the 666 fib.
There was a big bounce off the 4H 200 EMA a few hours ago. We can see a few divergent signals justifying that bounce. Wave C might be done, but it was very shallow. I'm not in this trade right now and would not advise a long as long as the 200 EMA isn't retested at a minimum. I'll be a definite buyer if we can retrace to the 618 fib region at around $0.0095....