BTC $64,934.00 ▲ 0.00% ETH $1,919.41 ▲ 0.04% USDT $0.9993 ▼ 0.02% BNB $603.70 ▲ 1.38% XRP $1.04 ▼ 0.15% SOL $76.42 ▲ 1.60% DOGE $0.0702 ▼ 0.28% SHIB $0.00000462 ▼ 0.90% PEPE $0.00000286 ▼ 0.30% BTC $64,934.00 ▲ 0.00% ETH $1,919.41 ▲ 0.04% USDT $0.9993 ▼ 0.02% BNB $603.70 ▲ 1.38% XRP $1.04 ▼ 0.15% SOL $76.42 ▲ 1.60% DOGE $0.0702 ▼ 0.28% SHIB $0.00000462 ▼ 0.90% PEPE $0.00000286 ▼ 0.30%
Piyasa

SMCI - sideshow until one breaks

SMCI - sideshow until one breaks

Hi everyone,
Looking at this chart for a large Wave to finish in a Triangle as all internal waves from the top are in 3 waves -ABC
Final wave E I am tracking 2 options :
1 - It finished and ABC into (A) now I am looking at 47$ for wave (B) then to retest the 22$ lvl for wave (C) to finish E;

  • Why 47$ ? There is a huge downtrend line that in the past price reacted to;
  • Previous lvl on the fib retrace of 0.887 was respected in the big structure as a B wave;
  • Same support of 0.887 Fib Retrace to finish the (c) into E at 22$
  • Supply and Demand volum at the 47 and 22$ lvls
2- Wave E is Finishes as we have am ABC, while very short compared to the rest, we have a 3 wave internal and is in the triangle structure;

Conclusion:
Case 1 , will take profit and wait for the 22$ test - Key on WAIT! As it could brake down…
Case 2 - stock breaks the 49$ pushing higher then retest;

Please comment, judge and be constructive, we all learning!

To mention @Wiseball for his amazing Divergence Indicators - Go Check him out!

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