GJMRealEstate

GJMRealEstate

BULL TREND: needs support to hold BEAR TREND: needs support to fail

GJMRealEstate

multiple failure at EMA many hurdles to go more time needed for shake out

GJMRealEstate

.06 support line holding for now. long term MA holding for now declining volume suggest exhausted selling failure of LTMA and .06 support would scrap this chart.

GJMRealEstate

short term battle for breaking the down trend, or revisiting the possibility of further price decline.

GJMRealEstate

looking at the possible long term channel here. will add 5 wave prediction when the bottom is truly confirmed. (almost, but maybe more downside) MACD looks oversold. If this channel holds up it could be a good reference for years ahead.

GJMRealEstate

might go down for a bounce off .66 otherwise looking for a run to the top of the channel. possible bear wave 5 completion. keeping an eye out for channel reset signals.

GJMRealEstate

could be end of correction

GJMRealEstate

leaving this here to see how it plays out

GJMRealEstate

needs to close above several critical converging supports or could see more down side

GJMRealEstate

setting up for a good run pending confirmation of additional signals

GJMRealEstate

a thorough consolidation hugging the top of the correction channel. ready to take off.

GJMRealEstate

all signs pointing to a stellar climb

GJMRealEstate

price action should soon follow

GJMRealEstate

massive triangle, supported by 300 EMA on the 4 hour period. the consolidation could essentially be over right here.

GJMRealEstate

obviously there has been some selling. I think there are new highs ahead, but the shake out continues until the order books are fresh out of sellers!

GJMRealEstate

I hope this is in the cards for cardano. healthy consolidation. also a very fast consolidation. squeezing out every last seller before testing old and new highs.

GJMRealEstate Updated 

nice consolidation as we head for the 50 EMA

GJMRealEstate

consolidating for the next move.