12 12 w may have a 3rd wave extended here on eth also inverse head and shoulders pattern.
Play long above 1340 with stop lose below right shoulder.
I will update with targets after we have a break.
The best Metal stock in Nifty 50 to invest your valuable money is Tata Steel.I t will give you the best returns in coming time more than 100 % as you can see the projected target for next third wave is 288 rupees.
XRP barrier triangle consolidation not finished yet, it must finish the D wave into the box and than I am expexting a short E wave to end above 0.4860 but I am not excluding that can end into the AC support trend line.
If the wave E will be a short wave I am expecting a minimum 20% return on this trade.
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XRP may go up with an impulse.
Bounced into the 0.618 fib retracement where also we have daily candle open support.
Long with target into the box. Stop lose under invalidation line.
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This is my macro view using elliott wave theory.
The count starts from march 2008 when we have first impulse up wave 1 (red) ended in march 2009 than untill april 2011 we have a flat correction for wave 2 (red).
After we have another impulse that probbly is the start of the 3rd wave black count with a 4th wave expending triangle and now we are into 5th wave of the...
RSR break slope trend line with an impulse that probably is wave 1 and than made an abc correction to retest the trend line after the break for a short wave 2.
This is the wave C probably an impulse to the upside that will hit 1:1 ratio.
2.236 Fib projection 1 vs 2 hits perfectly the zone of the 1:1 ratio A vs C so from here I am expecting to start the wave 3 from...
NEoWave Analysis of Crude Oil Chart within Monthly timeframe Cash Data (NEoWave Data)
First target: 150 $
Second target: 210 $ (if the price stabilizes in the range of 150 $ to 100 $)
Third target: 250 $ to 300 $ (if the pattern progresses in diametric form)
The current downward move should be close to completion, but it still lacks a low in the area between 0.965 and 0.971. Following this, there should be a small rally to the area around 1.08 (this can only be determined more precisely after the completion of the pending low), to reach its final low around 0.80 from here.
Ethereum may end move up with a running flat for wave 2 or B.
Target for a running flat is 0.618 projection of wave A vs B.
Also the projection of this last impulse to the upside that I think is wave 1 and 2 from C wave that is forming flatt correction 2.618 level hits perfectly 0.618 level of the projection.
Soon we must see a big impulse for wave 3
Take a look...
Ethereum probably made an impulse to the upside that is a leading diagonal.
Expect for correction to end, and at least the end of 4th wave, 1st box. It may drop at the second box at the end of 2nd wave to place another entry.
For more conservative play you can wait to break up the b wave of the correction that may be a zigzag.
Target for a C wave is 1385 and for a...
ReserveRights showing some potential here.
After an expending leading diagonal for wave A probably ended a triangle correction for wave B.
A break up of the BD trend line may send RSR to an over 80% gains.
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If you have any questions fell free to ask,...
Fantom looks good to play a long position.
We have a break of the slope trend line also a retest.
Another clue is that It bounced 0.618 fib retracement.
At least for a C wave target is 0.2500.
If you want to play more conservative you can enter on the break above 0.2380
Dollar index may start a correction to the downside.
After te price hit 1.236 fib extension of the wave A it may go to the downside into an impulse to complete an extended flat pattern correction.
Also RSI is shoing that the uptrend is exhauasted.
If DXY will fall it will give some oxigen to crypto market and may see some upside moves on it.