NOT FINANCIAL ADVICE I'm noticing a weird occurrence of the Doji on the Daily for $DOGE, that it pumps everytime you see one. What are the odds that the current Doji results in a pump, considering: - nothing else meme-able at the moment (not GME, not TSLA, not AMC.. ) - Elon Musk appearing on SNL in a few hours - BTC moving sideways, meaning alts pumping Btw,...
NOT FINANCIAL ADVICE . Zilliqa's is uptrending, in a good way. From Mar 2020s all-time lows, we have had an insane trip breaking previous all-time highs. There's also a seemingly neverending list of projects and partnerships being announced every week these days. On Twittersphere, #ZilFam is growing fervently and the community is never bigger. The best news...
NOT FINANCIAL ADVICE In this Ichimoku Cloud study, here are three bearish signals that we can clearly see on bitcoin's daily chart: 1. Price action playing out within the Kumo cloud, hitting Senkou Span A (leading Span A) resistance and trending down 2. Tenkan sen (blue conversion line) crossed the Kijun sen (base line) and trending down 3. Chikou span...
NOT FINANCIAL ADVICE. In this study piece of $THETA's recent explosive price action, we see a very strong move to the upside after weeks of Price Action trading in a prolonged triangle of a Wave 4 pullback as shown below: Here we see how the 0.618 resistance impacted price action as it traded in a channel below this fib level. That is until it finally broke...
What does divergences tell you? That while price action are making highers highs and higher lows, the buying pressure is decreasing steadily, which is almost always a signal for a reversal -- aka a bearish trend incoming. Not since late Aug 2020 till early Oct 2020 did we see a slightly prolonged bearish trend stretching more than a month And do you remember...
With $BTC expected to hit a consolidation point or minor pullbacks.. ...the stage is set for Alt Season 2021! And we have $VET here that is endlessly retesting ATHs ever since the turn of this year. While 5th Waves are characteristically related to FOMO, we can clearly see that the 'energy buildup' is increasing ever since late March. I will not be...
In this recent study for $VETUSD, we were waiting for price action to touch our TP -- and it did: A successful movement into Wave 5 territory has been fulfilled, but has it actually completed? Are we now entering a pullback or corrective trend? If so, what are the levels for us to watch out for? Here's a theoretical pullback levels -- assuming we have fully...
NOT FINANCIAL ADVICE. In this elliot wave analysis, $NEOUSD looks to be on a Wave 5 underway with a TP of $91.65 highs from its Mar 2020 lows. With NEO Blockchain 3.0 genesis block around the corner, there is good momentum for this token.
NOT FINANCIAL ADVICE. Wouldn't it be fun if we could just go wild with our $ZIL price predictions? For this thought exercise I wouldn't bore you with the details of fib retracements, extensions and motive/corrective waves considerations that were employed here. THE FORECAST So I wanted to have some fun at predicting the price action for $ZIL in the next...
NOT FINANCIAL ADVICE. Who's Bitcoin's saviour this time round? Who's the one that will elevate price action towards higher highs? Michael Saylor, Paypal, Elon Musk, Biden's stimulus have all played their trump, no pun intended, cards. As inflation fears subside (what inflation?), so has this unique asset class's dizzying rally since March 2020's lows. Is...
NOT FINANCIAL ADVICE In this previous chart (shared below), I anticipated that if $ZIL broke $0.19 resistance, that we might be in a 'fake' correction -- and it turned out so, as price action carried the momentum towards an extended fifth wave: So the recent pullback actions (mid-Feb to early-Mar) were not sustained enough nor strong enough to warrant a full...
NOT FINANCIAL ADVICE. On the hourly chart, we can clearly see that sell pressure is relentless. The MACD is showing that even though selling pressure decelerated, it is again picking up acceleration to the downside. Bearish outlook. The RSI reversed upwards slightly as it almost slipped into 'safe' territory, but is showing momentum back towards sell pressure....
NOT FINANCIAL ADVICE Now Justin Sun may not have the cleanest of blockchain records, and may have rubbed some people the wrong way, but make no mistake that Tron Protocol itself is quite usable. Its fundamentals may have changed somewhat, post pandemic as it 'embraced' DeFi and began on a journey of self-rediscovery, especially on the wings of $USDT use. Let's...
NOT FINANCIAL ADVICE. We have yet to witness the full Coinbase Effect on $ADA, which was boosted by upwards of 20% as soon as news revealed its Coinbase Pro listing on 18th March. Give it a few more days before Cardano's utility feeds further into the appetite of would-be investors and grow more attractive as an asset. The Coinbase effect usually plays out...
On a Grand Supercycle degree, a simple Elliot Wave analysis reveals to us just how bad it can potentially be for Gold in the next few years. Just saying.
I found $CHZ sitting at $0.13 a few days ago, on Monday the be exact, and though, "What an exciting project!". In a short span of time, it has since more than 2x -- which screams hyperbolic or overheated to me -- and I do expect things to calm down further in the coming weeks. A good buy in signal would be if $CHZ trades back within the 61.8% fib retracement...
Charting for a friend. On the 1D chart, it looks like Corrective Wave C is underway. Target price range to look out for is between $194 to $261. Recommendation would be to wait on the sidelines with your dry powder, on this one.
Charting for a friend. Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory. As such, Wave B might not even have ended its run and may dip even lower. An assumption that Wave B has completed is generous indeed, and in such...