I'll keep it short as there's no clear analysis to make yet, but it comes from the bottom... and we have only 10mio market cap, and its volume is growing, and it is broken from longtime resistance, AND it hasn't pumped yet in the past.
Link is probably next, but its marketcap is already 160mio.. and it isn't a new coin.
Kommentar
⋅
On the minute chart ! still on track, but forming a little too fast a rising wedge... Possible retracement to 430 sats, but opportunity to break up... This is real day trading
Trade ist aktiv
⋅
minuscule fractals forming, but ready to break out to 550 sats
Kommentar
⋅
forgot to post:
Kommentar
⋅
wait for breakdown... if not, hold... yellow trendline fuctioning as support short if broke
Trade ist aktiv
⋅
DOCK rejected from the large ascending parallel, forming a symmetrical triangle and trading in small channels, watch for break up from the abcde correction if parallel channel holds
Trade ist aktiv
⋅
break up confirmed
Kommentar
⋅
hopefully Bitcoin doesn't mess up things, but atm DOCK is counteracting on BTC.. if BTC doesn't go below 6.5K I guess
Trade ist aktiv
⋅
We have to get fast through last ATH, pass 500 sats... we will have a little struggle here probably, but if we get to 550 sats, we have an inverted H&S confirmed and then this thing will blow... let's just watch the 500 sats, otherwise there is a 5th wave finished... but there should be an overextended fifth to 600 for sure, if previous high is invalidated.
Kommentar
⋅
Dock a little trapped in an ascending parallel, hopefully not a double top forming, lets wait it out... it should not drop from this lower green circle and parallel... we could have a little longer resistance at the 500 sats...
Kommentar
⋅
break or make?
Kommentar
⋅
last support and last possible abcde correction on larger scale... if drop below 440 = bearish
Kommentar
⋅
that was a nasty drop from the break down of the ascending parallel... there is a small ticket to the upside because of the descending triangle, but it could turn into a right head of a H&S ... so it can drop to 400 sats or if it can reach the 477 sats, it could turn bullish again...
Kommentar
⋅
so in the meantime I was curious about the FIB levels, and idd. it hold structure after a 5 wave completion, right on the 38.2%, so technically we could have a dropdown to the 61.8% if a H&S is forming, but this could be just a finishing of a wave 2... so after this correction we could have a quite violent wave 3 up if everyone's still in the game of-course and if the right shoulder doesn't complete.
Kommentar
⋅
both H&S and inverted H&S forming
Kommentar
⋅
DOCK showing mixed signals and 3 H&S's, both regular and inverted, 2 possible inverted ones, but it should break up from the descending parallel first, otherwise an old H&S could define a total wipe out... This could be a pullback as well, as we have reached the first target and the top of the first ascending parallel on the larger scale above and the 3th resistance as drawn on the same chart.
Kommentar
⋅
Depending on bitcoin a little bit, but a possibile ABC ending. We have to break out the descending parallel, then it's a go.
Update please, will
It be like gochain chart, I mean a second wave like the first one in a couple of days maximum , or it will go down for more than week? Do u see any imminent bull signal
CocoChen
⋅
Now, I am out, wanna ask you when is good to re enter?
Wolverinos
⋅
@CocoChen, if you made some gains, it's not a bad choice... it could still go up, but I am mostly concerned about bitcoin... as most coins act the same now.. this could be a larger correction, or it could be the end as well of-course... it is hovering at a resistance level from beginning of August, so it could have a pullback and go up again... it is certainly still the biggest gainer on binance
CocoChen
⋅
@Wolverinos, thank you, now, I am out first, to wait a good timing to enter again. If u have update, it will be very appreciate to follow it
@Wolverinos, i think i will wait 380 around to reenter, base on your chart, it look more like going down to have some correction.
Like gochain first time to pump last week, from 465 to 830, then pull back 600
Wolverinos
⋅
@CocoChen, yes it could be, but this one is moving much faster I guess
CocoChen
⋅
@Wolverinos, yes, i hope it will be like the gochain again
It be like gochain chart, I mean a second wave like the first one in a couple of days maximum , or it will go down for more than week? Do u see any imminent bull signal