CryptoPummel

heikin 1M - 87,561 heikin 1W - 81,978 CPR Monthly S3 - 77,463 POC - 67,449

Believe it or not EGLD is going to drop to the next confluence support area at this level. The market has been terrible for now, and it will probably be for the next 2 months

Checking what's happening usually in cryptomarket in the months of September and October, this setup reflects where to buy ADA, considering the FIB extension levels and the megaphone pattern that has been forming since 2023

The idea is to check 2 other times that a similar situation was brewing.If you look at the chart, in around 7-8 weeks of consolidation, after that it will pump like crazy.I put my target in the range of 30-44$

EGLD is following a very similar wyckoffian path to Bitcoin. It is the time to jump in.Everything is explained in my tweet:x.com/CryptoPummel/status/1855974457648492707Different to BTC, Money comes and go in and off the altcoins like crazy. I think the pump can be much faster now, after a very slow consolidation. And volatility will be much bigger. The time for strong hands has come.

Taking the Wyckoffian approach of counting in PnF charts I figured out these 3 stepped targets, depending on the Y-axis point size (1000 or 2000$), and the start-end for counting the bars.I counted from ST to SPRING and from BCLX to SPRING. Therefore in this chart there are 41 bars between BCLX and SPRING, a "reversal amount" setting of 3 and a size of 1000 $ per point, then 41*3*1000 = 123,000 that are added to the SPRING price (16,000), giving a final target of 139,000.I did these for the other settings comented above, which are more conservative targets.Be ready!

Heikin Ashi weekly S/R levels are determined by red bars with no wick after an uptrend.Those levels coincide EXACTLY with all the retracement Fibonnaci levels from current swing from the latest high. To me this is a signal that don't go lower. Note as well the bullish divergence that already started a bullish rally previously.Close to the recovery!

We can continue seeing consolidation of Bitcoin for a while. The overbought condition has been extended for a while, with a significant bearish divergence in RSI. We need to see how the following 2 weeks develop.

I already added the comment to my other idea (linked below). A more conservative target would be 140-170$ if we are believers of the 1.618. This is when we don´t consider big wicks, we also look at the volume profile resistance levels and we look at the historical 0.618 retracement from previous all-time-high. This could be a possible channel to go there, also depending on Bitcoin ETF, when first buys will be allowed, and so on....Order cancelled

REACCUMULATION FOR MATIC! The gains for MATIC can be huge. After overcoming the weekly ichimoku baseline and taking it as support, MATIC should now go to higher levels. The 1.618 level is already a 170% gain. Unless the pattern would become a distribution one, which right now does not seems to be, MATIC can really exploit. The X.618 religion is back!