Quick post to alert of BOBA at a major fib..
Golden fib at $1.3111 is a major landmark.
What happens here will offer some clues.
It is PROBABLE that we get a pullback.
It is POSSIBLE to break and retest to fly.
It is PLAUSIBLE that we have "the top".
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Building this big patterns
obviously take time.
An inverse head and shoulders
really is just a representation of "Smart" money & "Dumb" money.
(Smart & Dumb are interchangeable with patient v impatient or emotional v unemotional, whales v shrimps and most likely a combination of all these characteristics)
Anyway BOBA has left shoulder , the rejection from...
Looking at the provided chart, it appears that the price has recently formed a rounded bottom, often referred to as a "saucer bottom" pattern, which is typically considered a bullish reversal pattern. The price has broken out from this pattern and is currently showing a strong upward move.
The volume accompanying the upward trend seems to be significant, as...
We've seen the downtread break and accumulation appears to be starting for another breakout. With a 100-700% upside potential this could be a huge sleeping giant.
We're seeing some pretty big buys at the bottom. Maybe someone getting ready for a breakout?
Seeing a nice bounce on the lower end of the flag.
Target of this leg up is 1.075. (or perhaps 1.0480 when it's taking longer to complete)
Will update this idea further when the pennant is forming and eventually breaking out.
BOBA USD
LINEAR CHART
1D DAILY
TREND LINE ANALYSIS----
- Symmetrical Triangle (BLUE TRIANGLE) Broke upward and is now RETESTING itself
- Long Term Trend Line (RED LINE) Broke Upward and now being retested
- Fibonacci retest showing multiple GOLDEN POCKET scenarios for a good BUY entry
Despite the 'over bought' signals on the DAILY chart, possible ZK hype and...
BOBA NETWORK (BOBA)
Boba Network bought at $0.43
Target $0.60-0.63
Expecting to hit target within next 27 days
Its not Financial advice
Just my personal view.
Boba hit target ($0.63)
successfully today on 30 July 2022
Posted idea for Boba on 19 Jul 2022
that it will hit $0.63 within 27days
In just 11 days it hit our target
Thanks
Setup: Boba is at its all time low. It got rejected off the 9 EMA and the high volume confirms this rejection. This give us a good entry point
Entry: 0.2839
TP/SL: Trail using the SAR indictor
Setup: BOBA just broke down of its daily lows. I like the fact it consolidate first before breaking down. This means there are people willing to sell at a low price and the sellers finally overcome the buyers.
Entry: 0.4
SL: 1 ATR above the consolidation point at 0.4638/ trail using SAR
TP: Trail using SAR
Was looking over my old charts today and noticed something that made me go hmmm.... On my old BOBA chart I noticed that it was tracking perfectly down towards my projected level of $2.27. After drawing a few lines I realize that it might have confluence with the present market trend and if so it would schedule the market trend to reverse at a well anticipated...
BOBA, although it's "straight out of the box", looks to be forming a clearly established HEAD-N-SHOULDERS pattern. Could mean a steep dive for what looks like a good project.
