Probably the next pumped coin

I'll keep it short as there's no clear analysis to make yet, but it comes from the bottom... and we have only 10mio market cap, and its volume is growing, and it is broken from longtime resistance, AND it hasn't pumped yet in the past.

Link is probably next, but its marketcap is already 160mio.. and it isn't a new coin.

Note

On the minute chart !
still on track, but forming a little too fast a rising wedge...
Possible retracement to 430 sats, but opportunity to break up...
This is real day trading

Trade active

minuscule fractals forming, but ready to break out to 550 sats

Note

forgot to post:

Note

wait for breakdown... if not, hold...
yellow trendline fuctioning as support
short if broke

Trade active

DOCK rejected from the large ascending parallel, forming a symmetrical triangle and trading in small channels, watch for break up from the abcde correction if parallel channel holds

Trade active

break up confirmed

Note

hopefully Bitcoin doesn't mess up things, but atm DOCK is counteracting on BTC.. if BTC doesn't go below 6.5K I guess

Trade active

We have to get fast through last ATH, pass 500 sats... we will have a little struggle here probably, but if we get to 550 sats, we have an inverted H&S confirmed and then this thing will blow... let's just watch the 500 sats, otherwise there is a 5th wave finished... but there should be an overextended fifth to 600 for sure, if previous high is invalidated.

Note

Dock a little trapped in an ascending parallel, hopefully not a double top forming, lets wait it out... it should not drop from this lower green circle and parallel... we could have a little longer resistance at the 500 sats...

Note

break or make?

Note

last support and last possible abcde correction on larger scale...
if drop below 440 = bearish

Note

that was a nasty drop from the break down of the ascending parallel...
there is a small ticket to the upside because of the descending triangle, but it could turn into a right head of a H&S ... so it can drop to 400 sats or if it can reach the 477 sats, it could turn bullish again...

Note

so in the meantime I was curious about the FIB levels, and idd. it hold structure after a 5 wave completion, right on the 38.2%, so technically we could have a dropdown to the 61.8% if a H&S is forming, but this could be just a finishing of a wave 2... so after this correction we could have a quite violent wave 3 up if everyone's still in the game of-course and if the right shoulder doesn't complete.

Note

both H&S and inverted H&S forming

Note

DOCK showing mixed signals and 3 H&S's, both regular and inverted, 2 possible inverted ones, but it should break up from the descending parallel first, otherwise an old H&S could define a total wipe out...
This could be a pullback as well, as we have reached the first target and the top of the first ascending parallel on the larger scale above and the 3th resistance as drawn on the same chart.

Note

Depending on bitcoin a little bit, but a possibile ABC ending. We have to break out the descending parallel, then it's a go.

Wolverinos

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Wolverinos

Also on: