kmacman

kmacman

Just throwing it out there, obviously doesn't work on arithmetic scale, but seems to fit pretty nicely since July 2021. Could be invalidated quickly depending on price action over the next few weeks, though.

kmacman

I think we're in wave 5 of 3 right now. That means after this peak, we are in for correction wave 4 of the bigger (yellow) wave. The white dotted ray marks the end of wave 4 of the most recent smaller (grey) impulse, which tends to be the lower bound of the upcoming correction (see white solid line drawn earlier.) This means that Luna COULD pull back to 50, not...

kmacman

Still waiting on a convincing retracement marking the 4th wave. Hoping to hit the 130's at peak, but we'll see. I'm watching for bearish divergence on the 3h as a sign that we're running out of steam on the impulse overall (see dotted lines below from prior peak)

kmacman

Luna gathered up the gumption to retest the $91 s/r yesterday after the decisive break to the downside on 3/25 but just couldn't hold it. Last few attempts showed declining volume and it looks like we're riding the wave back down currently. Big bearish candle after second failed breakout (red arrow.) Not quite "engulfing" but it certainly makes a...

kmacman

So I'm new to Elliot Waves but I'm trying to make sense of what is going on with Luna these days. Log chart, LTF (1 week.) Pretty clear 5 wave impulse to the top. Second bounce around prior ATH would fit for a bull market flat correction. Zooming in a bit closer, we can see confirmation of 3 waves down and back up. To complete this bullish flat we should...

kmacman

I love being able to say "I told you so." Been buying this beauty all the way down and back up, DCAing my cost basis down the whole way (I got a little to exuberant during it's first pump to ATH.) We're still below 50% of ATH right now, and if you take a minute to look at the fundamentals you'll see why I've been so bullish Convex. STF (3h) RSI and MACD still...

kmacman

Huge leg up earlier today, just hit a .5 retracement or that move. Looking to see if we set up support or if it’s gonna continue the downfall.

kmacman

ETh decisively broke above prior s/r, hourly candles fitting nicely into an ascending channel since then. If it fails would expect a fall back to prior resistance level for retest.

kmacman

Didn’t quite make it to the previously determined but zone. I still imagine we will bounce but with markets heating up and Terra tokens supposedly launching today I don’t know if we’re going to hit my initial target. Might unfortunately have to fade this one.

kmacman

Looks like the winds are changing. I caught a small initial short but got stopped out overnight when the first dump retraced, stop was set in a profit range so not the end of the world. Currently looks like we're retesting the 31.6 S/R. New lows below the short dotted white line would be my confirmation that this run is over. Would love to see the RSI bounce off...

kmacman

Bullish news for Spell yesterday with yield payed in stablecoins, details to follow. Chart is up a good amount from lows but still REALLY far from ath. Watching this cup and handle formation. If volume picks up on a retest of local high followed by a breakout could be a good buy signal.

kmacman

Luna has been GRINDING in this range for a while building up a nice support level around 90. Looking at the dailies we are seeing a bullish divergence (white dotted) with a higher low on the chart but a downtrending RSI. Short term following a clear bullish trend (yellow solid line) I think a breakout retest of $100 is going to be my signal for a buy. If that...

kmacman

RUNE has been on a tear recently. I'm not sure if it's just my twitter feed, but it pops up a few dozen times a day as the next best thing since sliced bread. Honestly, I find the idea intriguing, and the whole "rune's MCap will be 3x of platform TVL" with Luna and IBC interoperability, as well as being able to buy native currencies instead of wrapped tokens, it...