Lazy momento for XRPUSD now in a consolidation moment...waiting for the breakout of the triangle pattern!!!
ETC has continued to face resistance against its attempt to breakout from the dragon head pattern discussed previously. Although it has briefly made new highs at the psychological $34 level, it seems to be facing increased resistance at the upper bound of the KRI at $32.75 or so. We may see some further consolidation, but the red triangle on the KRI indicates a...
IOTA has consolidated around the psychological $4 level, as it clarified news about a partnership with Microsoft yesterday. While some retracement was likely, we will see how much investors weigh the relationship with Microsoft as IOTA either breaks out from this dragon head pattern or retraces further. The next level of support is a Fibonacci level of...
Neo has continued its breakout making new highs at $54.70, which is the anchor of the Fibonacci Fan level. It has continuously tested the upper bound of the KRI, indicating that some pullback is near but the bull candles seem to be growing in strength. We have strong support at $45, which is a Fibonacci Fan level and the base of today’s candle. If you enjoy...
ETH has continued its breakout, but momentum is waning at the $690 Fibonacci Level. After new highs broke upwards of $750, we have retreated to the safety of the $600 handle. The Kovach Momentum Indicators paint a rosy outlook in the long term, even if we have hit a speed bump here. Multiple levels provide support from be low, and we should be prepared for a...
Although LTC has broken new highs again at the psychological level of $350, it has faced a sharp pullback to $286 at the time of this writing and has retraced all of these gains. We are likely to see more pullback and consolidation at this point into a dragon head pattern, as LTC acclimates to its new heights. If we see a retracement we will likely find support...
Ethereum has blasted through various psychological and technical levels to solidify its grasp on the $700 handle. It seems to be gaining steam at this point, which clearly constitutes wave 3, the longest and strongest of a 5-3 Elliott Impulse Wave. It is difficult to determine when ETH will find resistance, as it has smashed all profit targets besides Fibonacci...
Hey guys, as you have seen on my previous IOTA forecasts my bias has been quite bullish BUT - the current price action might be indicating that IOTUSD might start a 50% correction, completing wave C. In the mid to long-term I'm still VERY bullish on IOTA. The price action speaks for itself. Furthermore, Bitcoin Futures will launch probably on 10th of December and...
Litecoin has finally seen a much-anticipated breakout with strong momentum that has lasted for several days despite pausing for air yesterday. We appear to have entered the next cycle of the impulse of a 5-3 Elliott Wave, confirmed by several long green candles. We’ve continued to break into new highs, and what was once a price target of $138.50 now provides...
As Bitcoin solidly enters another rally, Altcoins seem paltry by comparison. Although the Altcoin index has made a slight uptick, it seems to be forming a wedge pattern which indicates consolidation and preparation for another breakout. The double top discussed numerous times in previous commentary should continue to provide resistance. The Crypto Spread...
EOSUSD 4H Looking for Wave C to complete at around 2.85-2.50. The next mid-term target is projected to be $8.00
XMRUSD 30min Chart says it all. Target zone is marked on the chart.
SANUSD Chart says it all. The structure is quite similar to IOTUSD. Expecting price to unfold in a three wave correction, completing wave 2 at around 1.75-1.50. From this level on, I'll look for a potential buy targeting $4.30 as TP1 and $5.40 as TP2. Happy Trading!
IOTUSD 15min Hey guys, the current downleg on smaller timeframes might be the last one within the corrective structure. Once price has hit the potential buy zone, I will look for logical signs that the corrective structure has come to an end. If price will break out earlier, I will wait for further confirmation before buying. Once confirmed, price might head...
A slight pullback in LTC has continued at highs as it faces resistance from the upper bound of the KRI. Both momentum indicators are still positive indicating momentum is strong despite some pullback. The Kovach Chande has pulled back a bit more indicating possibly indicating a place to add to a position. This recent pullback has seen support levels from below...
XMRUSD 15min Chart says it all. TP: 282.00 Happy Trading!
SANUSD 15min After SANUSD has hit the two take profit levels of my analysis I've published yesterday, we might have a new long opportunity. Targets are marked on the chart. Happy trading!
While Bitcoin Cash has seen nowhere near the momentum as some of the other altcoins, there are various technical indications that it may be winding up for a breakout. For example, we have been seeing higher highs and higher lows, which is a strong indication of a bull trend. Further, the key level of $1724 forged by relative highs coinciding with a Fibonacci...