Rumble in the Jungle

19 Jun 2023

This is just another experiment. A little bit crowded with the shapes but I had no other choice. Let's see where this ends up. up. up. These shapes used to be support, resistance or retracement areas, but they slowly shifted into projections.

24 Jun 2023

Nota

The price bounced twice off the purple rectangle. Doesn't look bearish and the bears are sleeping. Maybe next week we see some more movement. Linked idea "Cardano Update" has more info on what to look for.

25 Jun 2023

Nota

3rd bounce at the rectangle. This could get a little bearish

25 Jun 2023

Nota

what will happen at the circle?

26 Jun 2023

Nota

And we have reached our visioned scenario when asking "what happens at the circle?"

27 Jun 2023

Nota

What happens at the circle stays at the circle. Interesting rebound but this doesn't look bullish enough so far. Are we going to follow the path of the red highway or test the purple rectangle again?

5 Jul 2023

Nota

8 Jul 2023

Nota

I extended one of the blue arcs just in case. I don't know where the green arc should stand as it changes its shape depending on the stretching of the scale.

10 Jul 2023

Nota

Pivot point at the shutdown sign? Don't know if anything relevant is still expected from this project.

16 Jul 2023

Nota

This was interesting. It seems the price popped up after the end of the resistance rectangle. It also went through the intersection of the 2 edges of the arcs. I also added another curve using the 3 ends of the top shapes. I extended it and it seems the market bounced right off it. Nice coincidence. Just like the pivot point of the Shutdown Icon.