xtremerider8

xtremerider8

As I warned last Jan 6 that MATIC may have topped-out, MATIC after it overshoot outside the up channel, indeed fell down & recently bounced from the violet MA100 with an engulfing candle. So the probability is high that it has reversed already. Note the TP1 & TP2 using FIB levels 0.50 & 0.618 respectively. Indicators are also turning up. Bearish Scenario still...

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BTC crash down from the 46k old support & finally found support at 40-42k level which I warned several times before. Will this hold? I don’t know. There is only a slight bounce even though oversold. So let us see if it will bounce off 40k & go above 42k to be bullish. I will be bearish again if it breaks below 40k. Then 35k & the 30k double bottom will be the next...

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ALGO may have already bounced from the FIBONACCI 61.8% at 1.27 which coincides with the uptrend line & 50W ma. ABC correction most likely completed. Next resistance will be 2.0 & then 2.35 which is exactly the 61.8% FIBO retracement of 3.0 top to 1.27 low.

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I thinks wave 2 has already bottomed at 17.60 in this weekly chart. Now at the base of an accumulation range…finishing with a hammer candle. Best to wait for next candle confirmation. Stoich RSI turning up. You may range trade …buy at 27 & sell at 48 with some volatility at 37 to 39 mid zone. Once Brazil’s economy restarts in full gear, Wave 3 of the bigger wave 3...

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In this weekly chart 3000 coincides with ma50 line so a short term bounce is expected. Stoich RSI ais also oversold. Also holding 3000 means ETH will have a chance to go back inside the up-channel. Otherwise, next support is 2663. Money Flow Index shows that money has been pouring into ETH since Apr 0f 2020 when ETH started. Its bull run. That up-channel has not...

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In this weekly chart,Faang stocks etf completed a bearish W-pattern & fell & now consolidating around the W-neck area 33 to 37 undecided where to go. TNX rates are going higher which puts pressure on growth stocks like XLK FAANG stocks, SMH while some money seems to be rotating to value stocks like DIA, IWM & IYT. The good thing is Metaverse is here to stay so...

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In this weekly chart, HBAR already bounced up from around 80% FIBONACCI level (0.22 zone) & now holding support at 61.8% around 0.272 which also coincides with the weekly ma50. Money flow index inside mkt cipher B has stayed mostly green since Mar 2021 when it broke above 0.153 starting a big bull run to 0.46. From there HBAR made a complex triangle wave 4 but has...

xtremerider8 Updated 

QNT has been strongly staying above 172 the midpoint of the green trading range box. Bearish scenario: if 172 breaks down & QNT enters the red warning box. Then a double bottom is possible at the red rectangle base 138-152 zone. Bullish scenario: If QNT breaks above the green box around 200 level which should confirm the end of the abc correction & a new wave 1...

xtremerider8 Updated 

On this weekly chart, SOL just retested 34 ema at around 136. However, this abc down may find support further down at 50ema around 115 w/c is also the base of my Green rectangle support box accumulation zone. I’m bullish because: 1) the Stoichastic RSI is oversold & turning up 2) 115 is near the 61.8% FIBONACCI retracement Warning: a drop below 115 may bring...

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3 different scenarios for TAN: 1) It will make a double bottom at current level of 70 (also around ma100 Weekly 2) It will fall more & institutional buyers will appear start accumulating at ma200 area w/c is around 60. 3)There will will a fake-out below ma200 stopping at 50 support zone with positive divergence. BTW, 60 is my best bet because: 1) the 60 zone...

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Will the weekly ma200 be able to stop the correction of SQ at 140? Or maybe more downside (still big red candle touching ma200 & no sign of dip buying)? The next supports are 100 & the strong 84 previous resistance turned support which coincides With an 80% FIBONACCI retracement from the start of M-pattern at 32 to the peak at 284. With any scenario, Wave 3 shall...

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AOTS, an acronym I borrowed meaning alignment of the stars. All moving averages correctly stacked in proper sequence signaling a very bullish uptrend Despite increasing c. cases. From peak to trough in this weekly chart, VNM has completed an ABC down & started wave 1. However,be careful as there will be very strong resistance at around 24 the 2014 Top which...

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TRON tested the low end of the big symmetrical triangle in this weekly chart. There are 2 supports to buy for very good risk to reward ratio….ma100 at around 0.0624 & ma200 at around 0.045 which is also a double bottom of a big descending triangle. Bullish scenario will be for TRON to bounce off ma100 & beakout the triangle somewhere around 0.085. Happy New Year...

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I posted last Dec 23 about MANA BIG MOVE coming soon. MANA fooled many with higher high & higher low crawling up the up-channel hanging for dear life. However we were expecting it to come down 1 more time to complete wave 4 soon before any serious uptrend (wave 5) could start. SO IT FINALLY DID. 2.20 double bottom could be a strong support. 3.70 is the resistance...

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When Matic broke our 2.60 but was not able to close a full candle above(bears brought it down again back inside conso box the next day), I warned that the highest Matic could reach is 3.0 coz the peak is near. Unfortunately it did not. Bulls brought it up for only 2 days & then they lost to bears completely. We may expect a ABC complex wave 4 correction with a lot...

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XLE will continue to be bullish this 2022 as a recovering economy should need a lot of energy & oil. XLF will rise with XLE as many big banks invest in energy. 55 will be a good support & the next resistance areas are 65, 72 & 80. Target price may be the height of Head & shoulder at around 88. But wait….XLE has yet to breakout of a falling wedge soon & then the...

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As I mentioned in a previous post, TNX yield should continue rising this 2022 as economy recovers. That will be very good for banks. 39 should be a strong support. Target price will be the height of previous descending triangle/c is around 45.

xtremerider8 Updated 

CELO now still building energy to break 4.15 after bounce from lower uptrending channel. You may buy on pullback to 3.50 support. First target price at 4.80. 2nd target price at 6.90. Cutloss a little below 3.22. Currently in wave 3 after wave 2 bottomed at 1.311 last Jan 2021.