TheSnowballEffect

TheSnowballEffect Updated 

Short term reversal to the next resistance level Based on the convergence of a higher timeframe trendline and the POC level from the last consolidation + RSI divergence. Overall Uptrend This is not a AAA setup because the reward is small if you take into consideration all the resistance it has to go through (highlighted in purple). To me, the sellers are getting...

TheSnowballEffect Updated 

RSI showing weakness + price is slowing its upward momentum. You can see from the 2 green vertical lines that price formed A higher low, but RSI formed a lower low. I confirms that price has a difficult time going higher. At the same time, we can see the manipulation of the resistance level where market makers took the stop losses for liquidity before going back...

TheSnowballEffect Updated 

Rebound from previous major accumulation zone + RSI divergence SL at the support level that would invalidate the POC bounce TP at where the initial sell aggression started

TheSnowballEffect Updated 

Price overextended and reaching POC level where there is a lot of liquidity. It is also in convergence with the lower trendline, adding relevance to this long setup. It would create an expanding triangle pattern. On the lower timeframe, you can see accumulation due to RSI clearly going up: 1h chart :

TheSnowballEffect Updated 

The chart speaks for itself. Volatility is dying and people have stopped paying attention to this coin and are FOMOing on other coins. But because this was THE coin that started this bull run, I expect it to also be the first one to go back to it's normal trading zone (20 to 30 sats ). Indecators: We can see from the VPVR that price is very near breaking...

TheSnowballEffect

look for a reversal on the short-term price action. Trendline from 2008, so it's a strong one for now.

TheSnowballEffect Updated 

When price volatility stops like this, it usually means indecision and that price is ready for a big move. We don't know yet which way the move will be, but we can be prepared for it. SETUP: breakout of the consolidation.

TheSnowballEffect Updated 

Price is now encounting resistance AT THIS VERY MOMENT and will likely start going down from here. There is a big consolidation from late 2018 that price has not reacted to yet. Easily 3.5RR potential. You can see the RSI is converging very well from the 4h chart:

TheSnowballEffect

Price is bullish, and it has broken to the upside. It is now retesting the convergence of the trendline and the last consolidation. Placing an entry where there will be liquidity (POC line) so it is more likely to bounce at the spot. Price should not even touch the last retested smaller consolidation; if it does so, that means that the uptrend will be invalidated.

TheSnowballEffect

3 tops to 69K-ish, then a mountain of sellers down to next MAJOR support

TheSnowballEffect Updated 

The market is showing a lot of weakness indicated from the RSI, but the price is at its highest since July of 2019!!! Everyone is euphoric, so it's time to think the other way around. There has just been a mini break of the consolidation to the downside. The retest of the POC level is the perfect entry for a good RR. Stop above the consolidation. It has to reach...

TheSnowballEffect Updated 

The market ALWAYS looks for liquidity and is magnetized by it. That is why there is a manipulation of trendlines , then bounces at the consolidations POC (Point Of Control) levels where it finds liquidity.< Imbalance is where price has shown very little volume , and you can expect liquidity to be sitting there because price has not had a chance to trade at...

TheSnowballEffect

Price just broke out of a descending channel, which is bullish. It is ready to break out from a larger timeframe resistance (in yellow) Based on the trendlines from the RSI, price should be retesting the break of that channel and for a "spring" so that price can break the resistance with force and aggression to the upside. The spring will be formed from the...

TheSnowballEffect Updated 

Rising wedge forming after an aggressive push up. The bulls are having a hard time pushing the price higher. We can see that the RSI is stuck at a certain level and not going higher either. I'm expecting the price to break down the rising wedge, which will confirm the change of direction. Entering on the retest of the breakout for a good Risk-Reward setup of...

TheSnowballEffect Updated 

I am seeing weird curvy channels being formed like fibonacci channels. Here is a psiibility of what price could do it it continues folowing these channels. Am I crazy seeing this? this is a new type os analysis to me.

TheSnowballEffect

Waiting for a break and retest of the consolidating triangle to enter short. On the bigger timeframe, price should be retesting the inverted Head & Shoulders break because it is a big support level. The RSI is also in a downtrend, which makes it more probable that the consolidation (triangle) will be breaking to the downside. ^^ Daily view 4h view:

TheSnowballEffect

Long term break to the upside. Placing a limit order for the best entry. / 4.8 RR Price has been showing strength in the lower timeframe and is now ready to break out of its consolidating zone. The consolidation has been tested 4 times in the past, and we all know in theory that the more times a resistance or support zone is tested, the more it weakens it. Right...

TheSnowballEffect Updated 

They are also celebrating a sponsorship with SomniumSpace on the 30th of January 2021 (in 2 days!). So it might just spike because of new investors. This is a no brainer because it is not very likely that it will go lower and the potential is huge (10x)