DewyCandles

DewyCandles

No big change to pepe so far but yes, we have some new scenarios added to it. This scenario is the one that invalidates the 2nd scenario. We haven't finished the 5th wave and we are in a wave 4-blue but unlike the 2nd scenario, it is unfolding as a Barrier Triangle in which we are just about to end it wave D-purple then price will head down to complete wave...

DewyCandles

No big change to pepe so far but yes, we have some new scenarios added to it. One of them is this this idea that unlike the 1st scenario, we haven't finished the 5th wave and we are in a wave 4-blue which is unfolding as a Contracting Triangle in which we are just about to end it wave E-purple and breakout of it to complete wave 5-blue.

DewyCandles

Following through on the 1st scenario I posted 2 weeks ago, now we are very close to ending the wave C-green of wave 1-orange if truly this scenario is going to play out amongst others. Price will start to drop following the arrow (white line).

DewyCandles

This is a quick scalp for #pepe. It is somewhat obvious that we are in wave B-green of this impulsive move. However, the wave ABC-blue of the wave B-green could be an Elliottewave FLAT pattern (yellow arrow path) or a ZIGZAG pattern (white arrow path) hence 2 scenarios is depicted on this chart. FWB:PEPE #Scalp #Crypto

DewyCandles

A classical analytical rule is that for a trend/line to be valid it must test or react to the line at least 3 times. Now we have the 3rd reaction and a sharp bounce followed by a breakout of the channel on the 4HTF. If the daily candle loses above the channel, then we will have a confirmation of a bull run for #APT. (See 2nd scenario on page for more context)

DewyCandles

NYSE:APE you're still early. See previous analysis on page for context.

DewyCandles

Normally, the #Marubozu candle beneath the 62% Fibonacci is a red flag but shouldn't conclude yet since the day is not over, it can turn into a shooting star with a long wick. But if the candle closed like that and opened beneath the all-time trendline just short the hell out of #BTC!!! So what's my personal bias if you ask me. I don't think bitcoin will crash...

DewyCandles

On the weekly chart which represents a long term, but has retraced down to the .60% Fib. ret. level ($29,000 - $32,000). Now, this point is a strong support level because from this point in previous times, uptrend/bullish reversal usually occurs. a CANDLE CLOSE below the .60% Fib. level ($28,477) will send it to .78% ($18,365) for further confirmation if...

DewyCandles

Generally APE is in uptrend but you know, wouldn't it be nice if you know where to take profit along the line and when to re-enter on the lower timeframe? Your like and comment will make me publish all the intraday analysis LFG!

DewyCandles

Interesting fact about the current APE situation here I give detailed analysis. First, Ape breakdown from the overall 70% Fibonacci retracement which is unlikely, then it went further to break the 100% Fib. retracement again this is very unusual considering how bullish the APE market was but it happened due the the overall catalyst (BTC, UST, LUNA). Now here...

DewyCandles

Generally, ARPA is on a ranging downtrend but that's not what we here for. Interesting thing is, it's repeating the same proportional movement is of mid March to April. This is a good time to build a long position if all things being equal from the current position, we are expecting 35% profit on Spot and 350% on Futures using x10 leverage. Target:...

DewyCandles

Two scenario here... after breaking out of the falling wedge price retested and couldn't continue the bull run hence, breakdown, which turns to a descending triangle. Right now there's no sign of reversal as volume is absent in the market and price could possibly poke out to touch the weekly support trendline. Hold while we keep watch and update you on the next move.

DewyCandles

On daily timeframe chart is forming a "descending parallel channel" If the candle closes below the major support zone of $0.74 then price will reach the weekly support zone of $0.5. Wait for breakout of the resistance trendline of the parallel channel or touch to weekly support zone to build a position.

03:55

DewyCandles

Don't mind the audio quality & the background noise I didn't plan this just decided to share. One of the ways I figure out why a pattern fails and while my stop loss hit I fix it and make sure I recover it and even more sometime. Yea I know its not good to have that mentality of "I must recover, I can't take a loss" but as a professional you can fix it right on...

DewyCandles

If there is one thing I love about APE it is the way it respond to Elliot Wave analysis. Wave 1 ending at $17.298, wave 2 respected the Fibonacci retracement level of 0.786% at $9.505 then consolidated forming the a,b,c,d,e corrective Elliot wave 2. After breakout we see the 1.00% Fibonacci Extension perfectly at $19.580. (now this is where the trap occurs most...

DewyCandles

This is one of my invented 15 minutes scalping method whenever I find the "Ascending Channel" As you can see in the chart the point where price touches the resistance level of the channel (red arrow) is where to place a short or sell. While the point support level (green arrow) is the buy or long zone. This point are not just picked randomly, they are selected...

DewyCandles

Looking at our previous analysis on APE it breaks out earlier than predicted reaching it previous high and now it will retrace by 62% Fibonacci or 78% before we can see another uptrend. The next uptrend as you can see from the chart will test the new resistance level one or few time before breakout to reach the Elliot wave 3 which according to Fibonacci extension...

DewyCandles

EGLD has been on a downtrend and has retraced to $112 from the $545 peak. Now it is forming what we call the converging Elliot wave which usually happens at the end of a trend. As you can see in the chart it has respected the line and it is heading toward $190. The Stochastic RSI confirms this hence bullish. Place you buy around $150 - 155 and set your stop...