Stoic-Trader

Stoic-Trader

DOT finished a 5-wave cycle which is now being corrected. Wave C could have finished in the green support zone, but I don´t rule out another leg down. The break of blue resistance will be very bullish.

Stoic-Trader

Taking a closer look at the 4H timeframe, it seems that the downside is not over yet. The upside movement was corrective (green ABC), while the downside is impulsive (green I-V). I expect green resistance to hold any bullish movements.

Stoic-Trader

DOGE's correction could be wrapping up the blue ABC soon, which could give us long trade opportunities. Ideally, I'd like to see a recovery above gray resistance and retest, for a new wave up targeting green resistance (around 0.165-0.170.

Stoic-Trader

The dollar is getting a reaction to the upside, and my primary count considers green wave IV is finished. Stop Loss is set below wave I high. Final target is just above green wave III for green wave V. Intermediate targets are in resistance levels along the way.

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Even though we're still inside the black channel, the conditions are in place to consider price is back in the uptrend. Major gray support has been broken and is being retested. If this level holds, we're set to test the mid 0.0003's.

Stoic-Trader

It is possible that C98 could start to regain upside momentum soon. Even though the impulsive movement is not entirely clear, I´m relying on multiple ABC wave patterns. Wave Count: My primary count suggests there is one more leg downward needed to complete black wave C. Strong support is anticipated just above the 0.20 price level. Technical Indicators: I...

Stoic-Trader Updated 

BNB is currently in gray wave 4 correction. At the moment, it seems that this is a triangle formation. Nevertheless, this is not a good price for a trade, since the stop loss would have to be way down, and wave 5 could be short (since 3 was extended). In case we get a deeper pullback, I'll look for long trades. If not, I'll wait for wave 5 and a larger correction.

Stoic-Trader

The correction phase for SLP is likely still ongoing. My primary count expects further downside for green wave V to complete the larger blue wave C. The 100% extension level (at 0.002865) for blue wave C is the most probable target, occurring in over 70% of similar scenarios. Invalidation Point: This count invalidates if SLP rises above 0.0062 without first...

Stoic-Trader

The thesis of an impulsive wave which is being corrected is solid. Ideally, we'd see another test of recent lows before regaining the uptrend. This scenario invalidates if 0.04764 is breached.

Stoic-Trader

Expecting continuation of the upside for a test of recent high. If price hits partial profit, I'll move my stop loss to the entry point. Trade supported by lack of bearish divergence in lower timeframes.

Stoic-Trader

Price broke out for an extended wave 3 (230% gain over wave 2 low). We´re now in black wave 4 correction, which I believe is not over yet. Some more downside will be interesting for long trades.

Stoic-Trader Updated 

Expecting follow-through to the upside after correction in smaller time frames. Entry = 2.623 SL = 2.494 TP = 2.751 / 2.881 / 3.010

Stoic-Trader

USDCNH is caught up in a tightening triangle, but bullish RSI divergence indicated a higher probability of a break to the upside. Partial targets are shown in orange.

Stoic-Trader

D Update My primary count considers we are in an ending diagonal (blue 1-5) to wrap up black wave 5. There is strong trendline support with is currently being tested (gray zone). This count is valid as long as we stay above 0.4606.

Stoic-Trader

SUSHI seems to be finishing a 5-wave cycle and a larger correction should be expected soon. I don´t rule out that wave 5 may still be in progress as an ending diagonal, but I would only take quick scalp trades at current levels. An interesting pullback zone is the 1.3-1.4 region, which is a key support-resistance level and matches the 50% retracement level.

Stoic-Trader

I have adjusted my wave count to account for the continued upside. There is an ascending channel that is guiding price. Note the mid-channel line also acting as an important level. I don´t see trades at these levels, and will wait for pullbacks.

Stoic-Trader

SOL´s uptrend has been running as expected, and I believe there´s still some more upside left before a larger correction. Dips in smaller timeframes are for buying.

Stoic-Trader

ROSE finished the black 5-wave cycle and we're now correcting the move up from the beginning of the year. I'm considering we're still in black wave A, and expect choppiness in the short term until the correction is completed. The 0.09 - 0.11 zone (yellow box) seems like a good target for the pullback, but let's see what price action tells us first.