PRESEARCH MAINNET $PRE search mainnet coming as soon as the end of the month the run up will be interesting currently inside the fvg and shown nice ltf structure to give us bias we could see some upside going into launch.
lower orders sat 0.048 and ready to hook more up some more nodes
Nodes
STRONG IS STRONG IN 2022It seems we have completed the ABC correction of wave 4 and I am expecting a major wave 5 to bring us up to 2,000usd mid this year.
I used fib levels to estimated the correction depth. Adding to this, Elliott wave count we can conclude the strong BUY on STRONG!
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Strong/ETH price holding well regardlessStrong/ETH price is holding pretty well regardless of the complete market capitulation we are currently seeing across the board. Price in $usd has taken a huge hit and return to previous support level of 400$ which I had not expected to ever see again. My guess is this is a buying opportunity of a life time given the evidence of STRONG pumping in /eth and if BTC can sustain consolidation around this 30k price range.
Strong breaking 100 MA of a bear trendFirst time strong breaks out of the 100 MA on 4H after its largest pullback from an ATH where the market saw multiple copycats trying to profit or rug off the success of the project.
STRONGUSDT Long- STRONGUSDT can be found on Kucoin
- STRONG is a very good project which has had huge success in previous quarters
- Ath's were reached with a sizeable correction followed
- Downtrend momentum has been broken and appears to be tiring out near this support zone which could be a good dca oppotunity
- You can just hold the coin or you can run nodes if you're interested in nodes or passive income
PREUSDT Long- PREUSDT can be found on Kucoin
- Pre is another project with huge potential
- For anyone familiar with nodes this is one to look out for
- You can also just buy the coins to hold if you're not interested in nodes
GTII Rising Wedge| Range Median| Structural Resistance Today’s Technical Analysis – GTII – trading in a valid rising wedge where a break back to structural support is likely.
Points to consider,
- Range median (Local resistance)
- Structural support retest (S/R Flip confirmation)
- RSI divergence
- Stochastics in upper regions
- Noticeable bull volume
GTII’s range median is an important level marking the apex of the rising wedge. A break down to structural support is probable; it needs to hold to confirm an S/R Flip.
The RSI is showing divergence, price is making consecutive higher highs whilst the RSI establishes lower lows, a valid bearish divergence.
GTII has noticeable increase in bull volume nodes, it needs volume follow through once structural support is tested.
Overall, in my opinion, GTII is likely to break bearish from this rising wedge; structural support retest is probable, level bulls must defend.
What are your thoughts?
Please leave a like and comment,
And remember,
“You create your own game in your mind based on your beliefs, intents, perception and rules.” ― Mark Douglas
LTCBTC Sellers in control| Technical Confluences| S/R FlipEvening Traders!
Today’s Technical Analysis will focus on LTCBTC which is testing a key trade location with multiple technical confluences.
Points to consider,
- Sellers in control
- Key trade location being tested
- Local support next viable target
- RSI neutral
- Stochastics in lower regions
- Volume climax nodes
LTC breached key technical structural support (now resistance) confirming that sellers have gained control. LTC is currently testing a key trade location with multiple confluences, the .50 Fibonacci, the 21 Week MA and the Point of Control. It’s viable to say that LTC is more probable to test local support due to heavy resistance; this will put in a lower high.
The RSI broke out of its wedge; this was in confluence with the oversold bounce, now is currently neutral. The stochastics on the other hand is trading in the upper regions; it has lots of stored momentum to the downside.
There has been a clear volume climax however with lack of bull volume follow through. This indicates absence of bull pressure, putting more emphasis on testing lower lows.
Overall, in my opinion, LTC is likely to test lower regions; this is due to heavy technical confluence at the current trade location which is also in direct proportion with the bearish sentiment.
What are your thoughts?
Please leave a like and comment,
And remember,
“Accepting losses is the most important single investment device to insure safety of capital.” – Gerald M. Loeb
