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Cylinder

ROSE/BTC LongROSE/BTC looking good for continued upwards movement: A Livermore cylinder has been printed with increasing volume on the price rises (indicated by the + signs) and the decreasing volume where the price falls (indicated by the - signs). Once the 7 wave finishes and price holds above the 0.236 Fib retracement line, we can expect the violent 8 wave to transpire taking us to at least the 1.618 Fib retracement line, even the 2.618 line @.00000515 and @.00000675 respectively. Ichimoku is nearly as bullish as can be: -Kumo cloud is green -Tenkan is above the Kijun -TK is above the clouds -Price is above the cloud and is a few sats from being above the TK -Lagging span is above the cloud and the price
Long
by Hrempe
OCEAN/BTC LongOCEAN/BTC looks primed for price increase here: A near picture perfect Livermore accumulation cylinder has been printed and is stalling before its next leg up, the 8 impulse wave, which in Livermore cylinders is one of the two most violent waves. Price has increased on increasing volumes (indicated by the + signs) and has decreased on decreasing volumes, (indicated by the - signs) During the 8th and 9th wave we expect volume to be very large and price to be reflected by sharp movements upwards, potentially getting to the 1 zone of the fib retracement tool @.00006157 Adding conviction to this thesis is that the MA30 has crossed above the EMA100 which has been a tell tale sign this bull market of which coins have/are gaining strength. Ichimoku is mostly bullish: -Kumo cloud is green -Lagging span is above price and cloud -Price is above cloud -TK is above cloud However it still has work to do before it is fully bullish: -TK is bearish -Price is below TK If support holds above gray line @.00002341 and the Livermore cylinder begins to play out, we may expect that relatively quickly the TK will cross bullishly and price will rise above the TK, confirming the whole chart being bullish at that point.
OLong
by Hrempe
SNX/USD Potential Livermore CylinderSNX/USD may be in a Livermore Accumulation Cylinder (just getting in to this technique, if anyone can link me to the best Livermore Cylinder learning material that would be greatly appreciated.) We see the trend being respected on both diagonals. Jesse Livermore traded by the rule as well to determine whether he was on the right side of a bullish trade, volume would increase on price expansion and decrease on retracements. This is evident here where the + and - symbols are placed. If we truly are in a Livermore Cylinder, we should expect another test of the upper trendline, which has been acting as resistance, for the 6th impulse on increased volume (estimated by the gray + sign). Then a test of the bottom trendline which has been acting as support for the 7th impulse which creates support confluence with the previous all time high at impulse 4 (gold line) that should act as support as well on decreasing volume (estimated by the grey - sign). After this has happened and confirms as still holding its shape we would expect further upward expansion toward the 8 to 10 impulses which aren't all charted yet, however I will update that if necessary when the time comes. "Synthetix Network Token (SNX) is an exchange-based token created and issued by Synthetix, a decentralized synthetic asset issuance protocol built on the Ethereum blockchain." - CoinGecko Synthetix is a promising project, more DeFi and should have a bright future. Regardless of whether or not the Livermore Cylinder holds true SNX could do very well in the long term.
COINBASE:SNXUSDLong
by Hrempe
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