- As per my Elliott Wave analysis on the weekly chart - this coin looks very strong and we should experience more bullish sentiment. - We are currently in the huge impulse wave 3, subwave 4. - If we take a look at the volume , pretty much no one is selling, which is a good sign. - 200 weekly moving average is considered as a massive support by big instituions...
- This is the weekly chart for ETH - analysis since the big covid crash in 2020. - Wave 1 and wave 3 created ascending channels during their move, so we should count it as waves 1 and 3. - It means that we should expect a last 5th big wave to the upside! - 0.618 FIB extension (wave 3 -> wave 4) is around 21 000 USDT. - ABC correction can be completed (wave 4)...
- On the weekly chart we can spot a huge falling wedge - bullish reversal pattern! - If you take a fibonacci retracement from previous low (3000 USD) - we are currently sitting on the 0.618 FIB level! - I think the drop below 28k was a capitulation event to kick out all stop losses and trigger liquidations. - ABC correction from all time high is now completed...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this USDT DOMINANCE update. USDT Dominance once again looks scary here. Break and close above this channel will bring more dump in the market. USDT.D forming a bullish rectangle pattern in the daily time frame. If we break and close above this rectangle pattern...
- We have a huge parallel channel on the daily chart. - Also inside this channel, we have a falling wedge - bullish reversal pattern. - If you take a look at RSI indicator, you can spot a bullish divergence with higher lows on the oscillator! - Due to my Elliott Wave count, we have finished an Impulse wave. - 0,618 FIB retracement is a strong SUPPORT and we are...
- Bitcoin is currently breaking out of the falling wedge pattern on the 4h chart! - Probably this could be a final consolidation and now we are heading to a great uptrend. - We have found a support on the previous triangle POC, which you can see on the chart. - I think we are definitely ready for a massive uptrend!
According to chart analysis, It is a Bullish Rectangle Trading Plan: Long Entry: 86.930 SL: 85.384 TP: 89.655
- As per my Elliott Wave count - we should be in the end of the current downtrend. - Impulse Elliott wave is completed with 5 successful waves. - We have a descending blue channel, you can wait for a breakout of this structure to open a long position on confirmation. - I think wave 4 is a resistance and we can target this level (around 31 USDT). - On the RSI...
- We have a huge falling wedge on the daily chart, which can lead to a massive breakout! - Also we can see a bullish rectangle pattern currently forming on the chart. - You can buy breakout above the rectangle + wedge trendline (above 550 USDT). - Due to my Elliott Wave count, we have a completed Impulse wave (1-2-3-4-5).
- Litecoin is currently breaking out of the bullish blue pennant on the daily chart! - Looks like retest is done and we can continue to the upside. - We have a huge falling wedge on the weekly timeframe, but bulls still need to confirm their bias.
- IOST is very bullish on the weekly chart. - We have an ascending triangle, which indicates us huge bullish pressure. - 1.618 FIB extension profit target from first waves. - Volume is definitely bullish as you can see.
- FTT token is very bullish on the higher time frames. - Currently the price is breaking out of an ascending triangle - one of the most bullish patterns. - Also we have a descending channel breakout, which indicates us bullish trend reversal. - Next profit target is the all time high level, but in my opinion it will go much higher. - The price is now finally above...
- eCash is turning bullish, right now the coin is breaking out of the bullish rectangle. - On the daily chart we can spot a double bottom reversal pattern + trendline breakout. - Profit target is previous all time high. - The neckline is breaking out and volume favors bulls.
- FET looks very strong on the daily time frame! - We have a breakout (Head and shoulders + Descending channel). - Profit target slightly below all time high level
- BNB is currently breaking out of the descending channel, which is ofcourse very bullish sign! - We have a massive ascending triangle on the macro scale (weekly), which is going to break maybe this year too. - BNB together with DOT looks very promising at this moment - very good buying opportunity.
- DOT is currently breaking out of the descending channel on the daily chart! - On the weekly chart we a have higher highs and higher lows, so there is nothing wrong with the overall bull trend. - Also an Impulse Elliott wave finished successfully with 5 waves to the downside, so now there should at least a retracement to 0,618 FIB. - RSI horizontal line is...
2 days ago on Feb 6 I shared an analysis showing BTC is forming a bullish rectangle, now its Feb 8 and it has played out perfectly, it entered my book profit zone perfectly which was a 6-7% swing trade. I hope those that saw my analysis on Feb 6 enter this trade. Will be posting more analysis soon, but I expect BTC to be bearish now. Trade safely
BTC seems to be forming a bullish rectangle on the H4 chart, I will attach a photo in a comment below for reference. I have drawn out a couple lines for entries, sl and tp if this bullish flag plays out. Bullish flag breakout generally moves the same ammount as the move before, in this case BTC jumped about 8%, so therefore we can expect another 8% jump if the H4...