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Correctivestructure

SiaCoin Has Clear Bullish StructureWe are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. BITTREX:SCBTC actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
SLong
by ew-forecast
4
Bitcoin Cash Breaking Bearish TriangleBITFINEX:BCHUSD is breaking triangle support line, which confirms our bearish view and seems like Bitcoin Cash may go beneath 1000 level in coming days/weeks. We can see a sharp decline on 20th December into wave (a) and then slow sideways move within triangle into wave (b), so wave (c) is on the move now and this is a three-wave decline that we expected. The question is how much it will drop, we see a support zone between 800 and 1000 levels.
BShort
by ew-forecast
21
OmiseGO Showing Bullish SetupBITFINEX:OMGUSD is showing clear bullish setup, since we saw a big spike down 2 days ago to around 78,6% Fibonacci retracement. So, from July to September we clearly see impulsive rally with five waves up into wave 1/A and from September to the end of November we see nice and clear three-wave (a)-(b)-(c) correction into wave 2/B. This is ideal pattern for bullish trend in Elliott Wave theory. So, we expect that "Omise will GO GO" towards new all-time highs into wave 3/C, where we see first target around 16 level, just keep in mind that bulls will be confirmed above 10 level!
OLong
by ew-forecast
7