Sonny

They ran the stops - re-entered long

Gone long - dont think we get much of a pullback as they force everyone to chase

PENGU EW Count - HTF and LTF analysis

Doesn't get much more bullish than a nested 1-2, 1-2 on HTF... and that's what we have here. Move off the recent lows is clearly impulsive and it barely gave anything back in the subwave 2 retracement. I think it was the only coin not to go lower than it did on Friday over the weekend.

So this is where wave 3 of 3 kicks in which is the parabolic part. This is why I'm 100% focused on PENGU due to the relative strength, and not everything will run hard at this juncture. So my plan is to make as much money as possible on PENGU this week and then use those profits to rotate into the laggards (XVG + CFX) into the September 7th bottom.

So profit taking levels for PENGU...

We will have big psychological resistance at $0.5 & $1 - they also line up nicely with relevant macro Fib levels too. So they will be the levels to de-risk. I don't see this momentum continuing past 30th August based on the astrology, so I will be using a mixture of levels and timing to tak