Rumble in the Jungle

19. Juni 2023

This is just another experiment. A little bit crowded with the shapes but I had no other choice. Let's see where this ends up. up. up. These shapes used to be support, resistance or retracement areas, but they slowly shifted into projections.

24. Juni 2023

Anmerkung

The price bounced twice off the purple rectangle. Doesn't look bearish and the bears are sleeping. Maybe next week we see some more movement. Linked idea "Cardano Update" has more info on what to look for.

25. Juni 2023

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3rd bounce at the rectangle. This could get a little bearish

25. Juni 2023

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what will happen at the circle?

26. Juni 2023

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And we have reached our visioned scenario when asking "what happens at the circle?"

27. Juni 2023

Anmerkung

What happens at the circle stays at the circle. Interesting rebound but this doesn't look bullish enough so far. Are we going to follow the path of the red highway or test the purple rectangle again?

5. Juli 2023

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8. Juli 2023

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I extended one of the blue arcs just in case. I don't know where the green arc should stand as it changes its shape depending on the stretching of the scale.

10. Juli 2023

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Pivot point at the shutdown sign? Don't know if anything relevant is still expected from this project.

16. Juli 2023

Anmerkung

This was interesting. It seems the price popped up after the end of the resistance rectangle. It also went through the intersection of the 2 edges of the arcs. I also added another curve using the 3 ends of the top shapes. I extended it and it seems the market bounced right off it. Nice coincidence. Just like the pivot point of the Shutdown Icon.