DEGEN meme token has regained approximately 25% after retracing 100% of its Nov '24 pump. Momentum is strong and it looks to have some additional room to run prior to a healthy pullback. Currently long and looking for price action to complete an inverse head and shoulders pattern. Looking to take profit initially at the median, add to my bags on the pullback...
Unconfirmed at this point but definitely a pattern I'm closely watching. As I've stated in other charts, the market is due for a 15-30% correction and I anticipate SOL to be significantly impacted since it rocketed to new to new ATHs with little to no resistance at the previous ATH. For the record, I have an open long position in a HODL account where my SOL bags...
My trade plan is as follows. My bullish bias has been confirmed based on confluence from price action, technical patterns, and oscillators. Price is accumulating under the R/S level that flipped to resistance due to the latest BTC dip. I've entered a long position and set my SL at .071c with a R:R of 3:1. TP1 at .092c TP 2 at the .382 fib. I wouldn't be surprised...
Buyers look to be stepping back into the AMP market...
Overall, I am macro bullish, but bearish near-term as we've not had a significant correction since the bull trend resumed off of the summer's range lows. Thesis for correction Bearish Technicals: ascending narrowing wedge,'overbought' HTF RSI levels, and summer mid-range highs were never swept Market Sentiment: Moon bois have returned. Perfect opportunity...
I'd like to see a long downward wick into the demand zone on sustained high volume sessions and a breakout and retest of the downward trend line and/or key local R/S levels. I will not become confident in a trend reversal until R/S flips occur. Reference Aug 11 - continuous high-volume sessions were not sustained and the price bleed-out began. I've set some...
Wasn't familiar with this coin but did some research and believe this ERC-20 token has legitment utility and value. With the recent announced partnership with Binance as a fiat/crypto on-ramp option to its trading platform, I'd assume this coin will be listed well in advance of the business relationship launch. It will be interesting to watch this coin long...
After rejecting off the June high, HBAR is attempting to turn a major level of resistance into support. I anticipate a lot of resistance breaking through the Mar-May mid-ranges (.28-.31c), but this coin has potential to 3-5x minimum during this bull cycle. Extremely bullish on the fundamentals of this project. If you are unfamiliar with this project's utility, I...
Fib channel tool does a nice job helping with visualizing accumulation/distribution and price action within specific fib channels. My hypothesis is that price will spring off the .382 or .236 fib in the coming days and test the 1.618 fib.
I am currently long and am publishing my trade plan based on current market conditions. Once LTC is able to break through June's midrange, it will likely be off to the races for ATHs. I'm anticipating a 15-30% market correction within the next week or two; however, my trade plan isn't to scale of time, rather these are the major levels I am watching and plan to...
With the exception of two deviations, AMP/USD has been accumulating within a 1.5-cent range over the past two months. I'm currently long but believe there may be another buying opportunity before the next leg up. This chart reflects my opinion of the most likely scenario to play out over the next few weeks. I used the Gemini chart as the basis for my...
The higher this bull trend continues without relief, the deeper the eventual correction. Thesis for correction Technical Pattern: Price action has formed an ascending wedge similar to the one formed in April/May '21 that started the major sell / bull cycle market correction. RSI: Flirting with 'overbought' for the past 2 weeks without mean reversion. ...
COINBASE:MATICUSD I don't have much experience with fractals but the current price actions seems very similar to what occurred over the past few days.
After 6 months of studying charts/TA I decided it was time to create and publish my very own first chart and analysis. ETH continues its upward trend after recently rejecting the 50 EMA and testing resistance on the 20 EMA . Currently looks as if some consolidation is occurring on lower trading volume . Watching closely to confirm potential bullish pennant or...