Stoic-Trader

Stoic-Trader

In a longer term view, the solid run of the dollar could begin facing hurdles soon. I am considering this to be wave C, which would lead us to a reversal pretty soon.

Stoic-Trader

This token had a nice rise over the last 6 months, but technicals are not looking good right now. We have: - Ending diagonal pattern for blue 5 / black 5 / gray 3. - Bearish RSI divergence I don't see SUI as a good opportunity right now (unless you are a holder), and I'll wait for a corrective pattern (gray 4) before looking for new long trades.

Stoic-Trader

After a 500+% pump, IOTA made a solid correction down to 61.8% pullback, which is acting as some sort of support. My primary count considers black C / gray 2 is over. But... to have a higher confidence that the uptrend has resumed, I'd prefer to see a break of the purple level at 0.4495.

Stoic-Trader

▶️ The ascending channel gave us an ending diagonal with bearish RSI divergence. ▶️ The break of the bottom trendline is a strong indication that the downside will persist. ▶️ Most obvious initial target is the closing of the gap at 296.34.

Stoic-Trader

Expecting TON to find resistance in the 5.45 to 5.50 zone for another leg down, completing green V. This zone is a confluence of 50-61.8% pullback and resistance from lat December lows.

Stoic-Trader

XRP Triangle Ripple has been in a symmetrical triangle since early December, which gives us a slight bias for upside continuation. Lower prices (wave E) will be interesting to look for long trades.

Stoic-Trader

After a beautiful pump, ZEN is now correcting, together with the whole crypto market. We have already reached typical correction levels (50-61.8% pullback), so I'll be keeping an eye on reversal patterns for long trades. There a support level in the green zone, around 18-19, which could serve as the platform for a new uptrend.

Stoic-Trader

A Bear Flag has formed and it seems that it will soon be broken to the downside. A correction to the gray resistance zone will be an opportunity for short trades. This view is supported by: Lack of bullish RSI divergence on the December low Bearish RSI divergence on the January High Impulsive move to the downside on the last couple of days.

Stoic-Trader

▶️ I view the upward movement starting in August as a leading diagonal. ▶️ This suggests a new ABC pattern upwards for black 5. ▶️ Note that Black 4 might still be ongoing, potentially leading to another drop to test the bottom ascending trendline.

Stoic-Trader

▶️ I am biased towards further downside price action. ▶️ Drop from early December has an impulsive look. ▶️ Upside movement is forming a corrective bear flag. ▶️ There is no RSI divergence in the recent low. ▶️ Therefore, the higher probability is for a new leg down retesting 0.1462 low.

Stoic-Trader

I believe Netflix still has upside potential. Wave Analysis: We are nearing the end of the current correction (green c / blue 4), which should lead to the next upward movement (blue 5 / black 3).

Stoic-Trader

Black 4 from my previous analysis seems to be complete. Blue 1 should be wrapping up soon. Blue 2 is a buying opportunity targeting recent highs.

Stoic-Trader

Upon completion of an impulsive wave to the downside, we are now in a correction which should target the 0.57 to 0.574 zone. This matches the 50-61.8% pullback with the green ascending trendline previously broekn in mid-December.

Stoic-Trader

In the 4H Timeframe, I'm expecting another leg down to retest 0.6676 low. Ideally, I'd like to see a reversal pattern in the 1H timeframe against green resistance just above 0.90.

Stoic-Trader

▶️I believe we are in the correction from the whole impulsive movement which began April 2022 (at 881.56 low). ▶️My primary count considers we have finished black A, and are currently in black B. ▶️Expecting further downside to test the green support zone and ascending trendline. ▶️Note that the 50% pullback would be close to 2.500.

Stoic-Trader

Bulls are showing reaction in the 50% pullback level, which could be the beginning of green wave V. Even if we don't see new highs, I do believe we should see an upside correction targeting the 2 purple lines.

Stoic-Trader

The downtrend is losing strength against the bottom green descending trendline. I expect a reversal to the upside soon, targeting the levels shown in the chart. My primary wave count considers this to be the end of several "ABCs"

Stoic-Trader

My primary count for TSLA shows we're currently in red IV correction, inside blue 5 / green III. Unless we see a major reversal, dips are for buying until green V wraps up.