Safori

Safori

Seeing a gorgeous diamond bottom here. Immediate target is 0.0231 with extension target of 0.0258. A&E bottom on USD pair (see previous charts) still very much in play.

Safori

Finally got a higher low on the 1H, although no higher highs as yet. Candlesticks forming up as an inverse H&S with declining volume and StochRSI looking healthy. A few intermediate challenges though: price is below the Ichimoku (doubled the settings recently to reduce the noise) and the 50MA, so a breakout from these levels is heavily dependent on volume if we...

Safori Updated 

The falling wedge is resolving itself into an inverse H&S pattern. A break of the current neckline sets us up for another stop hunt that could force price action up in a series of big spikes and contracted consolidations. Stops should remain at 9k, and expect an extended period of chop in the 9.6-10k range before continuation.

Safori

Obvious bullish pennant has formed and is likely to breakout on volume from current levels towards 9.6k. Folllowing a brief consolidation, we should be pressing on towards 10.5k. Expecting strong resistance there as that level trapped a lot of bulls on the way down in Q1. StochRSI looks good on lower time frames as well. TP1 = 9.6k TP2 = 10.5k SL = 8.9k Onward...

Safori

Currently testing resistance at the 1.618 Fib level of the all-time move with StochRSI nearing overbought territory. Volume looks great, as does momentum. Expecting onward movement through intermediate resistance levels with a primary target of ~$280, taking profit at the levels below (expect each of these to turn into support once the subsequent TP is reached...

Safori Updated 

See related idea below for more context and market overview. Two possible bullish continuation patterns are emerging, including a bullish pennant and a descending triangle. With StochRSI oversold (and careening towards a reset) and Ichimoku signalling short- to intermediate-term bullish conditions, one expects to see a breakout from the current level towards the...

Safori

Price is looking to exit the bearish pitchfork we've been stuck in since ATH earlier this year. Aiming to clear resistance block and move on to attempt final downtrend line of the pitchfork. The breakout from the pitchfork would suggest a conclusion of the downtrend that dominated Q1, and would be a further confirmation that alts season is upon us. First target...

Safori

Trade Open: 0.0.00007397 SL: 0.0.00007107 TP1: 0.0.00007743 (5.40%) TP2: 0.0.00008251 (11.65%) TP3: 0.0.00008810 (19.43%) R/R: ≥ 1.32

Safori

Trade Open: 0.0.00000941 SL: 0.0.00000899 TP1: 0.0.00001046 (10.7%) TP2: 0.0.00001225 (41.5%) TP3: 0.0.00001565 (63.1%) R/R: ≥ 2.40

Safori Updated 

Expecting to see an Adam & Eve double bottom here, as we are retesting the February lows with relatively lower volume; red triangle is the Adam, Yellow arc is Eve. The pair of bullish divergences (hidden and normal) on StochRSI supports this read. Adding to my long here with SL below the vertex of the Adam with an extension target of ~$360. I'd get out there and...

Safori Updated 

Target 7200

Safori

An inverse H&S is looking to form with StochRSI almost down to 0. Volume profile supports the structure. To determine the upside target of an H&S: (i) calculate price difference, x, between 1st trough and the head of the structure, (ii) target is price at breach of baseline + x. Here we're looking at targets in the yellow zone, i.e. 8-8.5k, but my TP is currently...

Safori

Candlesticks look like forming a bearish continuation pennant following the extended decline from Jan 25 (white dotted lines), but the volume profile and StochRSI also support a consolidation hypothesis. A downside breakout would involve a retest of the local lows, below which stops should be set (~0.0001649). Upside targets are in play with a bullish break of the...

Safori

Candlesticks look like forming a bearish continuation pennant following the extended decline from Jan 25 (white dotted lines), but the volume profile and StochRSI also support a consolidation hypothesis. A downside breakout would involve a retest of the local lows, below which stops should be set (~0.0001649). Upside targets are in play with a bullish break of the...

Safori

I'd buy the breakout at $0.55, and navigate the range with the dotted green lines. Need to break ~ $0.74 to beat the bull trap though.

Safori Updated 

Looking set to break through the immediate resistance @ $126 en route to retesting resistance @ $162, the all-trend 1.618 Fibonacci extension. Intraday levels shown by dotted green lines. Breaking $162 beats the bull trap, with a subsequent upside target of $200

Safori Updated 

Bear Case: 50/200 MA "Death Cross" has already happened on some exchanges (50 goes below 200), and should complete across the board by tomorrow even if we see a short term reversal. This is one of the core signals of a downside reversal in a market, but the caveats are that it must occur with rising volume and with both the 200 and 50 MAs in decline. Neither is...

Safori

4H zoom to the top of that buy box