RektMyMom

Short trade idea for XRP. Expecting price to return to next support level available @$0.43 levels after daily candle closed below current support, coinciding with weekly close as well.

Expecting bitcoin to move back down to support following a daily candle closing below local support. Along with this BTC.D chart, clear bearish divergence suggests BTC will be weak in the coming days/weeks.

Chart above us is what we call a Fifth Wave Extension Impulsive move. Basically a fifth wave extension impulse move has the fifth wave to be the longest of the 3 impulsive moves to the upside and wave 3 to not be the shortest, which leaves us with wave 1 being the shortes of the three At the End of a Fith wave extension move, Price usually retraces the entire move, i.e from the start of the fifth wave to the end of it, which means we can expect a 100% retracement. However, it also says that Wave 5 always retraces 61.8% which RUNE hasnt done so far and would have us our first buy orders at the 61.8 region before even dreaming of a bottom (tho i bought some at support on the dip) We can place orders at the 0.764 fib support region as there was a lot of volume traded there, and should hold as support and as a worst case scenario as seen below Note that in a fifth wave extension, it is very important that there is no overlapping. Should note also charts like this are a reason I'm still bearish on Bitcoin. check out the Bitcoin analysis below. If you agree, pls leave a like and share your thoughts in the comments. Feedback is always appreciated.

In our last Venus analysis, we talked about how price could drop all the way down to the 61.8% fib support level as shown below Now that we have reached that level, the question is what happens next? In addition to the Uptrend channel we constructed last time, price managed to sneak in a downtrend channel as well which went unnoticed in our previous analysis. A safe entry would be to wait for price to break the downtrend channel back into the uptrend channel and make a retest before buying, or to wait for a 2nd test of support of the downtrend channel ifyou havent gotten in already. We also added an update to our original analysis citing that we could bottom at the 123.6 fib region with the 161.8 being the worst case scenario as shown below Have your stops below the 161.8 region and HODL First target- Previous ATH 2nd Target- 1.382 fib resistance 3rd Target- .1.618 fib resistance If you agree pls leave a like and share your thoughts in the comments as well Always manage your risks.

Welcome back to our QTUM analysis SeriesIn our first analysis, we pointed out buying zones for a potential bottom as shown in the chart belowA month later we updated that idea after a few buyng zones were metNow in this analysis, we are analyzing afresh, with a different view.In our two previous analysis, we drew 2 trendlines that price continued to respect, as shown belowNow resting the last trend support which was created when the overall impulse move was initiated, we can see that we are currently in a channel, one which has a target of at least $80-100 dollars depending on how soon we test resistance again, and aligns with our 5th wave top coming in at the 1.382-1.618 fib resistance eventually.Previous ideas are linked below.Added in another trendline running across the chart for a potential rejection and a take-profit zone. That way, we can have the growth of wave 5 and 1 almost equal or closely related if we don't get $80, even though it would still technically be shorter than wave 3Should Bitcoin decide this isn't it's bottom and take another dive, we will most likely retest the $4 support before a move to the upside.If you agree with this, pls leave a like and your thoughts in the comments section.As always, feedback is appreciated.Just realized i got stopped out of QTUM.Next area of interest as stated before will be the $4.4 dollar level.High chance the wave count on this gets invalidated but lets see how it goes.

If you've been a follower for long then you know the story of my username, and my plan to make it all back at the time.Well, it's time to revisit that plan.Looking at the chart above, current Price action is signalling for a confirmation of a First-Wave Extension.First-Wave Extension is and impulse move consisting of 5 impulse waves, 3 to the upside (1, 3 & 5) and 2 corrective waves (2 & 4), of which wave 1 is always the longest, and wave 5 the shortest. Wave 3 cannot be the shortest no matter the extension.Now, as we see from the bottom back in early 2015, price rallied up to new ath's totalling a 83,700% increase in growth before finding support at the 0.382 fib region (This is the first step of a first-wave extension). Forming a channel in the process after two price touch points at resistance, a second touch at support was made on the 2nd retest of the .382 fib region. Should this be indeed a first-wave extension, we would have our wave 3 target at just under the 1.618 fib resistance hence, 1.382-1.5 fib resistance should be a good measure of where price would get rejected and aligns perfectly with our channel and fractal(well almost for the fractal)Should Bitcoin have found it's bottom as explained in my recent analysis (link below) then this should be the bottom as well for litecoin, or we risk testing the horizontal support (orange) once more and a possible wick down to the .618 area($74)If you agree with this idea, pls leave a like and your thoughts in the comments section.As always, feedback is appreciated.Next stop for litecoin if we lose this rangeshouldn't go past the green zone (123.6) otherwise we go to the 161.8 straight before finding a bottom.

Greetings fellow Traders, Today we consider the trading pair DOT/USDT Looking at the chart above us, we can see that ever since DOT was listed(or after the rebrand at least), Price has continued to respect an ascending Trendline while forming a Ascending Triangle pattern in the process. Currently Near Support of the trendline, and still in it's Larger Wave 2 correction, Price seems almost bottomed out. Taking a look at our RSI, ever since the wave 1 top & price hiting our triangle resistance, a bearish divergence was formed, sending both price action & our RSI into territories for a buying spree, most notably the RSI into the oversold region and price into accumulation. Should that same pattern repeat itself (and it looks just as though it might), we can expect one last retracement to the trendline support before gearing up for another impulse wave move to complete wave 3. Take profit zone is calculated by taking the length of the triangle from start to resistance and placing it ontop of the triangle, along with some other confluences on the fibonacci tool. Trade Idea: --DCA your way down to triangle support --Target PROFIT ZONE for quick gains --HODL the rest until strong price rejection. If you agree with this idea, pls leave a like as well as your thoughts in the comments section. As always, feedback is appreciated!

Greetings Investors!Today we consider the trading pair SAND/USDTAlright, Lets begin!Sand has seen impressive price growth since it's listing back in August last year, forming an Ascending Channel that price has continued to respect each time it has been tested.Question is, will it respect it this time?Taking a Look at our RSI, a bottom formation started to form while also creating an accumulation range in price action, and confirming with a second bounce on rsi support before a breakout from the range. Growth was 1537% from above the range.Soon after, Sand will go on to form Resistance for it's current channel (both on price and RSI) marking a top and confirming it with a mini acuumulation in Price and RSI(blue circle), before getting rejected bact to the channel's support, breaking below the 50 level rsi as well as it's trendline and confirming a bottom with multiple bounces in the oversold region.Finding a bottom on wave 2 correction, Price seems to be replicating the same pattern on the RSI and price action after a wave 3 top. Each accumulation range from breakout to top had diminishig returns, hence multiple range forecasts shown depending on if it's time to go down or if we test resistance one more time.ENDGAME: Wait for price to either return to RSI oversold region or Channel support for Buying action.ATR Bands suggest a sharp move is incoming as well. Should the two not sync this time around, do not rule out Fifth Wave Extension Bottom Scenario.If you agree with this idea, Please leave a like & share🙏 as well as your thoughts in the comments section.As always, feedback is appreciated🙏NOTE: DURATION OF WAVE FORECAST MAY BE INACCURATE!BLUE ZONE SHOULD READ, BOTTOM IF FIRST WAVE EXTENSION, NOT THIRD WAVE EXTENSION.IDEA REMAINS THE SAME OTHER THAN THAT.Averaged in at these levels. could be a bullish pennant, we continue our DCA strategy

Hello Traders!Today we will consider the trading pair KDA/USDTFirst-off, from a fundamental point of view, Kadena is a solid project with appealing Use CasesLaunching one of the world's first scalable ready for application,Public braided blockchain,Delivers Security & throughput, with a mission to unite public applications, private blockchains, and other interoperable blockchains in one place, driving traffic to the high-bandwith computer at the heartof the Kadena public blockchain.Ohh, Forgot to mention it processes more transactions per second than solana. 480,000 transactions/second compared to Solana's 2,777 all thanks to it's braided chains.Moving to the Technical Aspect of things, the chart above suggests Kadena is undervalued coupled with it's fundamentals.Bullish Divergence formed complicated things, therefore we consider multiple scenarios if not all.Currently in a large degre 5-way impulse move(orange), price action is yet to complete the 3rd wave.3rd wave consisting of a smaller degree 5-way impulse move(blue) looks to be either in the 4th (correction) wave still, or on coure for it's 5th impulse wave to complete the larger-degree 3rd wave. (Still holding it's ascending trendline, white pathway looks valid for the time being)Highlighted are pathways price could follow, each following the rules of the wave count.DCA zone/240(1) support is a good area to grab some irrespective of which scenario plays out.Blue support zone down at the D4 support area(0.618 support) is the best place for large buys and to go long.Green confluence zone is a take profit area with confluence irrespective of which scenario plays out,Blue Resistance zone is Main target should wave 5 be much longer than wave 1.Either way, Wave 3 looks to be the longest making this a Third Wave Extension.Forgot to mention, major exchanges listed on currently are KuCoin, Coinex, Bittrex & Gate.io for the time being.Binance, Coinbase, FTX, Bitstamp, OKEX, Crypto.com, Poloniex, Huobi Global, Uniswap, Upbit and other exchanges still yet to list KADENA. We're Early!Update to the chart! Seems our DCA ZONE is going to be a likely stop for price, should the RSI repeat it's pattern.Price has managed to find it's way to our DCA zone and we have eliminated a few pathways in the processPrice action becoming clearer by the day.HODL!

Picking up from where we left on our analysis on UNISWAP yesterday (linked below),Price looks to have broken above the pennant whilst forming a bearish divergence in the process.Could be a short opportunity and will most likely be a fakeout until invalidated of course.Trade Idea;Wait for price to close below resistance before going short.Enter with a stop-loss above rejection and target support of the pennant.If you agree with this idea, pls leave a like as well as your thoughts in the comments section.As always, feedback is appreciated.Hidden Bearish Divergence is confirmed and now the trade is in place.Took some profits at supportTrade complete.Been a minute since an update, but turns out the trade was in our favour and the setup was indeed correct. Congrats if you took this trade.