UBQ is close to the lowest its been in a while and has been in a steady falling wedge. Just barely broke the trend line, and on the MFI there has been some steady uptrend momentum despite the downward trend. Not to mention I like this coin's future long term as well, should be an interesting next few days. Comments/ suggestions appreciated.
To start, NEO is one of my favorite coins I'm in long term for, so I hope I'm wrong haha. I'm seeing a rising wedge and a preceding double top, both of which are bearish signs. If this happens, hoping it only drops to $42 support level before bouncing up stronger than ever! Agree or disagree? Comments?
Looks like resistance has been tested 3x, looking to break it and hit new fib levels towards $7 range.
I'm seeing a potential Elliot wave formation after this huge spike. Fib levels look like theres support at 275 and 245 areas. Will we see retracement back to these levels? If this does follow the Eliot wave prediction, we might be seeing next high at 500 (.786 Fib)! I feel like Lite at this point is so unpredictable its hard to say what its going to do. Thoughts...
Just my thoughts. After seeing cash repeatedly have fast short bursts of bullish green movement followed by slow regression, I think its going to drop towards the pennant support over the next day before finally breaking through and heading towards 2k. Put the fib time zone, we'll see how it plays out. Im personally setting a couple buys at 1375 and 1400.
First time posting, welcome to any input here. I know looking at the 30 min chart is hard to react to and can be difficult to really forecast with but i noticed an Elliot wave pattern and decided itd be a solid first post to start with. I think it should drop to .001102 support area which should be a good buy area .