I get that nobody wanted to hear it, but it's literally as simple as this. A trendline retest for $FET. Perfect monthly body closure above it. It would be so stupid not to have taken profits around $2,00 - $3,00, I would never understand that.
I would like to see the price of $FET return to $0,50 for a trendline retest. There’s a significant potential for the price to drop further, as there’s too much empty space. However, from the $0.50 level, my DCA strategy will resume, targeting $0.10.
I’ve got a strong feeling something is brewing for $CRV. It looks like the bottom is forming. Whether we get one final spike lower or not, this price action has me feeling very bullish. I wouldn’t be surprised to see us back at $1,00 in no time.
$FET has reached the 0.786. Fantastic price action. There is still a risk of taking out the lows, but if this fibonacci is respected, I am only looking upward ($0.38 short term).
$FET has taken out the low on the weekly chart, and when that happens, what do you look for next? Exactly, a sweep of the high. That high sits at $0.45, so that’s my short-term target for the price of $FET. We could still get a retracement, but it will be followed by new highs.
If $ZEC respects this (bearish) Fibonacci, we will see lower price action, possibly even below $100. We can see that the retracement levels have not yet been fully filled, which requires upward price action. From there, the $182 and $27 levels are within reach. If it's is not respected, then I think it will explode.
$FET has taken out the low on the weekly chart, and when that happens, what do you look for next? Exactly, a sweep of the high. That high sits at $0.45, so that’s my short-term target for the price of $FET. We could still get a retracement, but it will be followed by new highs.
$FET has reached the -0.27 ($0.24) and the low wipe possibility is still present. If we manage to respect the -0.27, we can look towards higher highs, but $0.18 is easily achievable for now.
This scenario for $FET would be ideal. A low wipe where we see $0.18. Try to profit from this, the lower the price, the higher the profits. From there, the bottom could be formed. I expect this price action to only happen if $BTC drops further to $85,500.
@PilotESZ@Casper_Network@VuoriTrading I think $CSPR has done enough, it's currently at its all-time high. That makes me bullish. And I don't need a 100x.
Here you can see how powerful Fibonacci is. When $AKT were at $7.00, everyone would have called you crazy if you put $0.40 on the chart. Look where we are now. Always look at the bigger picture.
$AKT reached $2,60 a while ago, which seemed unlikely to many. I drew the fibonacci from a different low. The price could now bounce to the bearish fib levels and potentially revisit the lows around $0,50. It’s just one scenario, as always, try not to be caught off guard.
@PilotESZ I’m expecting a fantastic rally upward for $CSPR, but I’m not ruling out lower price action. Try to position yourself in a win-win situation.
The low that hadn't been taken out yet has now been filled for $CSPR. Fantastic, this makes me even more bullish. In my view, this was the very last thing that still needed (or could) happen. Congratulations, wishing you all a great ride ahead.
What exactly do we see now on the monthly chart for $CSPR? Always look at the bigger picture, very bullish if you ask me. There's still an open low to be taken out, which will bring the price to $0.06 or lower. Always try to profit from both sides of the market. Upward potential is huge, a move to $0.05 is easily achievable.
This scenario for $FET would be ideal. A low wipe where we see $0.18. Try to profit from this, the lower the price, the higher the profits. From there, the bottom could be formed. I expect this price action to only happen if $BTC drops further to $85,500.