In my primary count, I still expect another leg down for black wave C. The lack of RSI divergence on the recent low leads me to believe that the downtrend is not over yet. If price breaks the gray resistance zone, I'll reevaluate.
WOO is in corrective mode, and I believe that it will target at least the 100% extension to the downside. The upside has shown RSI divergence, the downside hasn't. I'll be looking for reversal patterns in smaller timeframes to take a short trade.
We are inside a descending channel (bull flag), and I don´t see a trade at current prices. I am watching 2 possible reversal paths: - Orange: Break of flag and retest of upper trendline. - Blue: Testing lows with divergence, with a bullish reaction and break of trendline.
Waves still behaving according to my longer term count. As long as we stay above the purple line (wave 1 high), we can expect a wave 5 hitting at least 0.15. A break of the purple line will lead to a new analysis/count.
I believe wave C should extend to the gray zone, where I'll be looking for reveral patterns. If we break below the previous low at 0.555, the count invalidates.
In the 1H timeframe, I expect another leg up for blue wave 5. This is valid as long as blue wave 1 stays intact. This will form black wave 3 or C.
My primary count considers gray wave 4 is happening as a flat correction. We are in a solid support zone, but I believe we will test lows again before going after wave 5. Ideally, I´d like to see divergence on the 4H timeframe before taking longs.
We should be finishing black wave 4 correction for a new leg up very soon. This new upside probably won´t go much higher than black wave 3 before another correction.
The token is correcting the whole upside that began last October. We are currently in wave C of the correction, with a high probability initial target of 5.487, which is the 100% extension of waves A-B. I´ll be watching the end of the correction closely, since price could pump from there.
I still expect some more corrective price action to the downside, but the overall scenario is bullish. This primary count considers we are correcting the leading diagonal, and price could really pump soon. The green zone around 0.47 is strong support.
My primary count considers a low was set in October around 200, and we´re now in blue wave 3 to the upside. For the time being, dips are for buying. I´ll be watching for black wave 2 correction, since it may give us a huge opportunity.
The market has completely ignored the bearish divergence on the daily chart (blue lines), but at some point there should be a larger correction. We also haven´t had a lower low for quite some time. Price is currently trying to break the green ascending trendline, and a break of the purple line would mark a lower low. I'm short term bearish for a test of...
We are still in correction mode, and my primary count considers we will still have another leg down for black wave C. Wave B is not clearly finished, and if it goes higher, we may have a flat correction with a shallower have C.
I know it's considered a sin to be bearish with anything crypto nowadays, but I always stick by the technicals. This is what we have for BAT: A low in June 2023 without bullish RSI divergence 3 clear ABC black waves to the upside 5 clear blue waves to form black wave C Strong bearish divergence between blue waves 3 and 5 So, FOMO aside, this token is...
I have a solid bullish outlook for XEC, with the count shown in the chart. Invalidation for this count is below 0.00003008.
I'm bullish for XRP as long as we stay above the purple lines. In this scenario, we would still have blue waves 3 and 5 before a larger correction. This would take us close to 1.00.
Wave 5 finished in an ending diagonal, and my primary count considers we´re in wave B of the correction. Green minor support is at 1.100, and gray major support sits at 0.0930.
We seem to have completed waves 1 and 2 of the upside, and this token could get huge gains soon. The conservative entry would require a break of previous 30.68 high. If you´re more aggressive, you could begin building up a position now. Note that the correction could still be in progress, and we´d have lower lows below 20.