What an amazing rally !! Who would have thought ? Congratulations to everyone who took part and made money in this run. So this cycle started in March last year and made 1500% gains roughly till wave 5. Now what we have formed is a ascending wedge which is breakdown pattern. It has contacted 3 times on top line of the wedge and next move should be leg down to...
Bearish ABCD. wave 1 - Goes unnoticed wave 2 - Corrective Wave 3- Biggest and explosive Wave 4- Corrective Wave 5- Final leg up Now appears to be making a ABCD bearish pattern. The entry at upper line of wedge will provide a nice rr short trade. Currently holding long entry at 50243 .618 fibb. Please like or comment.
Looks like there’s still a lot left in this bull run. Currently wave 3 in progress. After wave 4 correction another leg up with wave 5 to complete the full cycle. Then followed by ABC correction. Will be waiting for wave 4 to compete and go long on impulsive move at fibb level. Thanks for reading Please like or comment
Mana had a nice rally up and made a retracement on .618 fibbs on 17 march. Since then its forming this breakout pattern. RSI is showing lower lows but price action is making higher lows which suggests a breakout. I have set up alarm on both trendlines to trade the break either way, which always present a good RR set up. I have medium confidence in Breakout due to...
On 24 November we saw XRP making recent ATH at .79 and got slaughtered at the price level. And made a lower low on 29 Dec never to be seen again till now. There is still a lot of believers who keep buying between 20c - 50c range but the moment it goes over 60c it is faced with previous bag holders trying to get out. The breakout pattern it has formed in chart...
BTC has completed 5 Elliot waves impulses. Now forming a wedge breakout is very likely which will make wave C. Please like or comment thanks
Elliot impulse looks complete time for ABC correction. I will start first block at 200MA , .618 level and .786 level. Please like or comment
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All the moving averages are rising together supporting the uptrend. RSI broken trend but price action trendline is intact which tells there is an bullish impulse in price action. It usually is the start signal of an uptrend and RSI will start making bearish divergences as BCH will make impulsive higher highs. This moment could be the end of deeper pullbacks we had...
We all know that a very big proportion of trading is done with black boxes or algorithms. Its very hard to read them and even harder to predict their next move because they are calibrated to change on regular basis. But I have found many times that it mostly bounce of levels where there is a confluence of two indicators. And it does that 2 times and changes to...
Breakout highly likely, upside or downside. Wait for the breakout. More chance of making upward move because currently we are in an uptrend. RSI showing strength with bullish divergence. Volume is also healthy which suggest upper breakout. Please like or comment. Thanks for reading
When something goes over all time highs. One reliable indicator you can use is Fib Extension to see where could we face a pullback. Fibonacci is all about the structure presentation. So i have applied it to all time weekly chart. I have seen btc making pullbacks to previously monthly close many times. Currently previous monthly 33137. 53747 is fibb level up where...
Wow !!! ADA went up like a rocket. These gains look very unrealistic at first glance to anyone but its a different story when you dig deeper into details. I would like to invite you in my time machine and take you back in 2017. I bough my first home and you ? Back to ADA- It was launched in same year by Charles Hoskinson and opened at $1 ( looking at ADA/USDT...
The Company www.immuron.com.au Immuron Limited is a commercial and clinical stage publicly listed Australian biopharmaceutical company with a proprietary technology platform focused on the development and commercialization of a novel class of specifically targeted polyclonal antibodies that we believe can address significant unmet medical needs. The company was...
Had nice rally in the past but failed to make a higher high. Looks like its going to make a triangle pattern if purple support holds and breakout will provide a good rr trade opportunity. Alternatively if purple support breaks on daily level short till the gap which is fibb .618 level. That's my plan anyways. Will trade cfd only. No overnight holds. Appreciate...
We have a very nice set up here. It is currently below its Book Value (13.70) and also below on POC on all time Fix Ranged Volume profile. But we are having some historical high volume since sept 2020 and Share Price is holding a roughly 200% gain since then
So we have a classic S/R play on this one with .78 fibbs level working as a retracement in aggressive downtrend in the past. It has broken out after a recently long consolidation but got rejected at level 2. It broke the level 1 but found support at 10ema and been making gains since the start of the week. Currently the rising volume supports the uptrend. We have a...