Stoic-Trader

Stoic-Trader

▶️ DYDX remains stuck inside the black descending channel, and the recent breakout attempt was just a fakeout. ▶️ On the 4H chart, there are no clear signs of a reversal, so the recent upside move appears to be corrective. ▶️ The yellow zone, marked by a confluence of Fibonacci levels and mid-range resistance, is a key area to monitor for potential downside...

Stoic-Trader

▶️ The downtrend is currently held by green support just above 24.00, but there are no signs that the decline is over. ▶️ The move from blue resistance to green support showed strong momentum, suggesting it may be blue wave A of a downside ABC pattern. ▶️ This structure implies that a corrective blue wave B may follow, eventually leading to a blue wave C to the...

Stoic-Trader

▶️ AUDUSD has broken the green ascending channel that had been in progress since late April. ▶️ This break suggests wave 1/A likely concluded at 0.66250, supported by bearish RSI divergence on the high. ▶️ Retests of the bottom of the broken channel could offer short trade opportunities. ▶️ The initial high-probability target is the 38.2% Fibonacci retracement at...

Stoic-Trader

After breaking the black descending channel price made waves 1/2 and pumped to the upside for wave 3, where it was held by the blue resistance zone. We are now in wave 4 correction, and I am waiting for reversals in smaller timeframes for long trades.

Stoic-Trader

➡️ Downside motive wave: We are finishing 5 waves at strong blue support zone. I don´t see enough momentum to break this zone at the moment. ➡️ Expect a recovery: Price will probably make a short-term recovery, with a high probability of reaching the middle of the range at 1.85-1.86. ➡️ After this recovery (wave 2 or B), expect further downside, potentially...

Stoic-Trader

➡️ We had a pretty aggressive move to the downside, which was held by the bottom of the ascending channel. ➡️ Since price is still inside the channel, I have only switched my short-term bias to neutral, not bearish ➡️ Key for bulls: Breaking the green resistance zone around 0.022 ➡️ Key for bears: Breaking the descending channel bottom and blue support zone...

Stoic-Trader

➡️ Dogecoin blasted away from the black descending channel and past green resistance (now support). ➡️ In my primary count, we are currently in green IV correction, and expect new higher highs. ➡️ A retest of green support would be nice, but it is probable that price won´t go that far.

Stoic-Trader

➡️ SUI has broken the green descending trendline originated on the early 2025 high. ➡️ Price is also being held by the gray support zone around 3.60. ➡️ Next target is the blue supply zone at 5.00 round number. ➡️ Invalidation is at 2.2937 (pink line), so be wary of liquidity hunts below gray support.

Stoic-Trader

➡️ My wave count considers we're now in blue wave 4, and this corrections should finish soon. ➡️ The 125k round number is an interesting target for green wave III. ➡️ This scenario is valid as long as we stay above blue 1 top (at 110.529).

Stoic-Trader

➡️ Solana has been correcting for the last couple of days, but the trend is clearly up. ➡️ There are 2 confluence factors that should give price support: the gray ascending trendline and the green zone. ➡️ Initial Targets (purple lines) are: 218.45 (100% extension) 258.79 (beginning of blue potential supply zone)

Stoic-Trader

➡️ After confirming blue wave C, price is making a motive wave with sub-waves 1 and 2 complete. ➡️ Price is initially being held by the gray supply zone, which dates from October 2024. ➡️ This high could have marked the end of wave 3. Pullbacks are buying opportunities, but I prefer to see at least a 38.2% pullback for wave 4 before looking for new long trades.

Stoic-Trader

➡️ Price attempted a breakout from longer term gray descending trendline, but was held by strong green resistance, so it became a fakeout. ➡️ Price also broke down from minor blue resistance and ascending trendlines. ➡️ I had labeled the early July low as blue wave 5, but that is up for discussion, due to the lack of bullish follow-up and RSI divergence. We...

Stoic-Trader

Truefi´s recent upside after touching the green descending trendline looks convincing, with a motive wave and bullish RSI divergence. I´m labeling this as wave 1/A. Right now price is overbought, so I´ll wait for wave 2/B pullback to look for long trades. Next key resistance zone is just below 0.04.

Stoic-Trader

On the 4H Chart the 2,200 supply zone proved to be too strong for bulls, and there was a strong rejection. My primary count considers that was wave Y, and I´m currently neutral to bearish. A break of blue support zone around 1,970 should take us to another retest of 1,700 support.

Stoic-Trader

In the bigger picture, the pair is currently inside black wave 2 or B, which is happening as a flat correction (blue ABC). We should still have some upside in the short term. The gray area is an interesting zone to begin looking for short trades.

Stoic-Trader

I expect further downside for EURAUD. Ideally, I´d prefer the current upside correction to reach 50% pullback (at 1.79088). Intermediate targets are the green zones which served as resistance & support levels during the uptrend, and final target is the blue zone close to the May pivot low.

Stoic-Trader

The grind to the upside is losing strength, and I´m waiting for a break of the green ascending channel to the downside. Initial targets are the base of the ascending channel (at 191.900) and close to the recent pivot low (at 187.300)

Stoic-Trader

Bullish price action from the last couple of months has been unconvincing, and this looks more like a wave B correction. A break of the black ascending channel would be a trigger for wave C. It would be interesting to see a reversal pattern in smaller timeframes if price touches the gray supply zone.