This is my first post and analysis. Still learning... With that said, not that i am a big fan of the elliot wave but following the wave, using fib, stoch and rsi it looks like we will complete a full retracement to the .24 level. We broke the last fib retrace which was the 21.6 at .667 when we bounced off .55. We have some support in the .41 range but as I have learned the trend is your friend and this seems to be following exactly that. Just my opinion, as i said i am learning and any other opinions would be appreciated. Shout out to @MagicPoopCannon as i have learned quite a bit from his analysis. Thank you and good luck, this is financial advice to myself hahaha.
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Looks like we had a small breakout to the .618 fib but couldn't break through. Sitting on some support@.99/1.02... I still think we are still bearish... If it can't hold .41 here we come....
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If you are playing long, this is definitely not a bad price to get in as I see long term this is a great token.
agreed... .24 is a safe bet
I am an AUTO BUY-IN @ .25
I see this quickly hitting .226 cents the bouncing back up between now and Feb. 23rd.
I suspect though, prolly by Feb. 14th (Calling it the Valentines Day Massacre for all cryptos.)
Good call for your first chart!
And, may good fortunes be with you!
The Wiz
Kaliks
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@WizardOfRealms, I think we are still bearish. Haven't seen any signs that would continue this breakout. We had decent volume but the sell volume has increased dramatically recently
WizardOfRealms
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@Kaliks, I am watching it... got out... did profit...
@Kaliks, well this has been a wild ride lol. It looks like it's trying to finish the right shoulder of an h&s on the 4 hr chart. If that happens, a rally to 1.6 before retrace. We will see..
Kaliks
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@Kaliks, sorry 1.35 Then retrace I think... still bearish
I am an AUTO BUY-IN @ .25
I see this quickly hitting .226 cents the bouncing back up between now and Feb. 23rd.
I suspect though, prolly by Feb. 14th (Calling it the Valentines Day Massacre for all cryptos.)
Good call for your first chart!
And, may good fortunes be with you!
The Wiz