The price action on the GMT token is terrible. Since the peak in April 2022, the bulls have disappeared and the price is going down pretty quickly! I expect a 77% crash in the immediate short term. If you like this coin, you can definitely buy it for a cheaper price in the future, but for now, I would stay away. As you can clearly see, we are trending in this...
The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down! The dollar is extremely strong and everyone is escaping to cash because cash is king? I don't know, you tell me. Bonds are rising and so are interest rates. I am pretty confident we...
You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year! Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party. The market structure is insanely bearish and we have a descending triangle on the daily chart that will break...
On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all. We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop...
Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly...
Primary Chart: ETH Quietly Breaks above Downward Trendline ahead of the Merge Could ETH be strengthening in the short-term ahead of its long-awaited merge event? After crypto market's devastating bear market this year, including the bankruptcies of some crypto firms, an upgrade to ETH's network is set to occur mid-September 2022. This so-called merge event...
The candle sticks have broken the downtrend line that has been formed earlier, and it might be even a fake breakout to the upside and might continue in downtrend. To Trade a profitable Long Position trade is to wait till the price breaks the Strong Resistance Level and enter for a Long Position . You can Follow my Trading Setup : ) (DYOR) ⚠️NOT A FINANCIAL ADVICE!!
Everybody will know recession is coming/ all the traders will know this kind of chart will be down trend, just need some time to prove it, patience and relax your mind, good luck for the traders in the house.
The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level. On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like...
XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why. During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction. This tells us that the bulls are not strong enough yet to push the...
Primary Chart: Showing Major Retracement Levels for BTCUSD's Entire Bear-Market Decline with Accompanying Down Trendline Since November 2021 to early January 2022, equities and cryptocurrencies have experienced a bear market. The selloff has been more pronounced in crypto assets than in equities generally, although certain segments of equity markets have...
I studied this market structure for several hours, and my conclusion is that there is no valid Elliott Wave bullish count. Simply, a valid Elliott Wave count does not exist. Is this a problem? From the Elliott Wave perspective, there are 2 possible options: 1) If we want to stay bullish, we have to accept the fact that a third impulsive wave can sometimes...
MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout! Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside. Also we have a local rectangle consolidation, which is always very good to see at the end of the...
The 14-month consolidation period has ended; it was truly an endless period of price action, but nothing lasts forever! ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend. According to my Elliott Wave analysis, we are now in the 3rd wave and this could be huge! Bitcoin Lightning network...
1. There is a major bearish trend line forming with resistance near $1,660 on the hourly chart of ETH/USDT 2. If Ethereum fails to rise above the $1,670 resistance, it could start another decline. 3. An initial support on the downside is near the $1,620 zone. 4. The next major support is near $1,560, below which there is a risk of a sharp decline. 5. In the...
For a confirmation trade, buy a breakout above 6.41 USDT, which I strongly advise you to do here! As per my Elliott Wave analysis, the huge impulse wave has been finished successfully and now we are ready for a bullish retracement. As you can see on the chart, we have a local base (rectangle pattern) and this is something i like to see! The last trendline of...
EURUSD successfully maintained the 1.0 USD level.This is a significant psychological level! As per my Elliott Wave analysis, this huge downtrend should be over, and now I expect a corrective move to the upside. An impulse Elliott Wave has been successfully completed. Let's see how big this correction is going to be. On the daily chart, we can spot a beautiful...
We have a local bullish rectangle / base and if the bulls can break this level, then I expect a massive uptrend! Also, on the daily chart we can spot a huge descending channel / falling wedge and I think it's the right time for a breakout. An impulse Elliott Wave has finished, so I expect an ABC retracement. Profit taget 1 is on top of the trendline + wave...