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~JiJ
Gmorning!.... as i said. Expect some selling around 6817.. it did... 4hr chart is now overbought. Stochastic rsi is at the ceiling.
It sold some but it is likely to push a bit higher cuz daily chart is approaching overbought and may have one more push it in
Daily chart looks to have another push... but the structure says it has to break above a previous high to actually be bullish. Watch for a fall back to the daily support. It may or may not make an attempt at the daily resistance. Im gunna say not til after the 4hr cools off back to 4hr support.
Overall my idea is 4hr will do a cool off over weekend after pushing up past the 6817 resistance for a bit today to create some liquidity to pull back into.
Good luck
NFA
~ JiJ
Happy Canada Day to all my fellow Canadians!
We had the headfake... hope no one sold.. 6817 is still in the cards.
Stochastic rsi is bullish again after trying to get ppl to sell on the fake downside.
NFA
~JiJ
Is a complete fake out ... a pump is coming imho. Like I said 4hr chart can take 2-4 days to fully oscillate....
No way it stays in oversold... its a headfake.
NFA
Hang on!
~JiJ
Pengu hourly chart looks like its about to push up and head towards 6817 resistance on the 4hr chart i was talking about in my previous post.
Stochastic rsi indicator is pointing up.. historically it rises from here as pre previous Stochastic rsi indicator positions.. we are currently rising out of oversold.
Of course nothing is guaranteed its just highly probable based on indicator positions on the hourly.
NFA
~JiJ
Good afternoon! I know its been a while. Been working hard on my own project with some other team members so i haven'tbeen charting much. Website revamp was uploaded today. Can check it out if interested.
Anyways... pengu 4hr chart is indicating that an up move should be here soon... according to the chart the stochastic rsi is bullish.. we have a resistance at 6817 which i think it will get rejected at and then retest the 6187 support before possibly moving up and breaking that resistance.
Not Financial advice.. just my opinion based on the 4hr chart indicators.
Weekly chart is bearish... hopefully it stays in range as the indicators settle.... could see a low around 5000 according to weekly at least short term. Unless btc breaks down... but it seems to be holding the 58-60k zone for now.
Good luck!
-JiJ
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🔊 - Some of you know.... some may not. We have a community token for upcoming things in the works. There will be an official announcement in the weeks to come.
In the beginning, if you look at the chart, I forgot to buy my own token at launch.. I ended up buying near the top. The token also got sniped not long after I aped in mear the top as our plans were unfolding for a use case and partnerships with Tree planting projects.
Research says dev wallet sold. This is not true. I moved the dev wallet tokens to my ledger wallet.
All the plans are still in place and we are still cooking. Website will be revamped, use case is cooking.. things are moving forward once again.
Stay tuned!
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-JiJ
Is Bearish.. weekly chart is also Bearish... there is a decent probability after the market crash we just had to hit a new lower low
.. 4hr chart is often the most reliable chart in day to day and it takes about a week to oscillate up and down.
That said... 4hr stochastic rsi is bearish and points down. Macd is about to make a red bar.. support on 4hr is 56974
It could turn up... but i think market makers now want a lower low to liquidate and deepen the fear.
Of course trump could open his mouth and flip this on a dime.. I can not predict geopolitical.
Good luck
NFA
-JiJ
Come join our ⚡️FREE⚡️ Crypto trading community while you wait for market conditions to improve! Ask questions, make friends, and learn charts or even teach us stuff you know! Everyone is respectful and kind.
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Also, with the downturn of the markets everyone is depressed... the reality is alt season is around the corner! DCA is the way!
So.... my project $JiJ (which has taken a big hit in price) will be taking a different direction for now. Website will get revamped... and a new utility is on the horizon. More updates about that in the future. 😜 Stay tuned!
Keep an eye on https://www.jumpinjack.ca for future updates! We are still cooking and adapting.
-JiJ
Pengu looking like its getting rdy to test resistance... and possibly break it then reaxh for the one above it...
Stochastic rsi is out of oversold and in the head fake zone... meaning more often than not when the lagging line on stochastic rsi indicator is above 20 ... trajectory is set. Now this can sometimes fail... but its got a greater than 50% chance of heading to overbought.... any pull backs are just delays.
Resistance is: 0.0117
Next resistance above that one is: 0.0134
This is continued from my last daily chart post if you compared this one to my last one... youll see theres lots of up to go.
Good luck!
NFA!!
~JiJ
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Look where pengu was when stochastic rsi was low before... now look where stochastic rsi is now....
.012 will go by fast ... closer to .014 by the time daily is overbought again.. imho
Daily chart often takes a week or just over a week to play out..
Good luck!
NFA
~JiJ
As of today... at 10am pst the Clarity act passes.
This paves the way for banks and regulators.
What is your thoughts?
Was clarity a good thing or bad?
Lets get a discussion going.
-JiJ
That 4HR CHART is about to push from oversold... im expecting this next leg up to pass .012xx
Happy Friday ppl!
Hang on! There's not enough swing in the price currently to try and accumulate more pengu without spending more... fees will kill you.
Btc is about to go to 84k in next week or so...96k in 6-8weeks... (imho)... this will push up entire market.
Good luck!
NFA
~JiJ
Pengu nearly hit .012... a correction was inevitable... however... now pengu 4hr chart os oversold and correction is nearly done. It might go as low as .0097... which is support... but to stay in structure we should turn back up somewhere near hear for another stab at .012+
Like I taught my kids when they were little and learning to ride their bikes.... they would stop on the hill... then try to go again. It would be hard! ... so id say to them. "Go down first then turn back up!" ... was a life lesson and light bulb moment for them.
Sometimes you gotta go down to go up.
NFA
-JiJ
So.. pengu is moving as predicted. .012 will likely face resistance and then pull back to support.
Stochastic rsi is very bullish still in the overbought zone... daily is curved upwards with another push into overbought... (not shown)
Im expecting pengu to reach, tap and get rejected at . 012353 .... then slip to .011 to test support in a slow fade see saw kinda way... maybe hang out in that line for a bit before next leg up to new local highs past .012...
For now... this is my thoughts.
Good luck! Hang tight!
NFA
~JiJ