The price movement went out of the triangle and formed the XABCD pattern. MACD (12, 27) and moving averages indicate a further growth. The price can form 5 Elliott wave pattern if it bounce from the Fib 0.5 support level. We will carefully watch this coin and provide you with all updates. For now it is a good trading opportunity.
The bottom line of the triangle is the support that was tested twice, currently the price is near this level and should bounce again from it. This will be a fifth Elliott wave which will break the Triangle upward. We expect a significant rise of this coin as its fundamental basis is decent as well as technical. It has been recently added to Bittrex and we waited...
The price moved accurately like we predicted in the previous analysis. However, there is an opportunity to form H&S pattern as there wasn't sufficient volume to overcome the resistance of $9000. BTC is at a critical moment: right now the price can move in two scenarios with equal probabilities. It is below Ichimoku cloud and the red line is above the green line...
On the 1-hour chart we can see that 5 Elliott impulse waves were followed by ABC correction waves pattern. After this Cup & Handle pattern is forming. Right now the price is above Ichimoku cloud moreover the green line is above the red line right in the place of handle formation. Moving averages and Stoch RSI indicates oversold zone. Combining with a strong...
The price broke Fib 0.382 resistance level and is consolidating now forming 5 Elliott impulse wave pattern which will move the price out of the triangle. Stoch RSI confirms this scenario. If this happens then XLM will grow to the next resistance level of Fib 0.236. This asset has a great potential and is going to return to the previous heights. Buy only when the...
ABCD harmonic pattern was formed. Price moves in the ichi cloud while green line of it is above the red which represents the strong support. Our analysis based on oscillators and moving averages indicate that the price will move up till to the edge of the cloud and then will retrace till its bottom. In case of this scenario there will be 5 impulse Elliot waves...
On the 1 day timeframe chart we can see that BTC is in a critical stage. The price touched Fib 1 support level and bounced back, now it is above the trend line again. MACD and RSI both indicate further growth, nevertheless indicator analysis never predicted BTC price movement. Whales understand that if the price goes below the trend line it will break support...
The triangle was broken down with the last Elliott Correction wave and now it is below Ichi cloud. We expect a significant rebound from the 1.618 Fib support level which will start a new growth wave. In case of further BTC dump the price of PDC will continue to decrease along with total market capitalization. The stop loss is presented on the chart. If it triggers...
When the Triangle was broken upward we saw Elliott Correction wave which is a pink line A-B-C on the chart. An impulse growth usually heads after this pattern. Stoch RSI indicates oversold zone, moreover fundamentals are also great. The possible scenario is represented by 5 Elliott impulse wave, it is a long hold but profits are also great. Safe buy zone is below...