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...
Here is my second Technical Analysis using Elliot Waves and 4 Moving Averages. Please feel free to comment if i have done anything wrong or if there are any tips you guys can give me. From the way i see it, the ABC correction has been completed with a possible startup of the first elliot wave. Another indication I got was the moving averages starting to fan out...
We 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. ...
sl 110.37 TL: 113-113.3 or more if dxy go to 88 it maybe will become wxyxz
Corrections are healthy, as they create base for further price rise. Hence, if you know the trend, then you must HODL during correction no matter how steep it may be. It seems that Cardano undergoing a 5-3-5 ABC correction. While Wave A and B seem to have been in place, Subwave v of Correction Wave C is still under play. What does that mean? The price might...
Chicago Bridge and Iron makes reading Elliott waves easy. Even though the stock has had a rough time of late, it was a natural movement when wave theory is applied. The stock is set to drop 20% over the next month to month and a half. Once the bottom is found, the stock should gain 66% over the next 6-7 months. More is detailed at limitlesslifeskills.
TECHNICAL ANALYSIS: The impulsive wave scenario has been invalidated! Currently, the best scenario available is not the impulsive formation, but the double zigzag (W) (X) (Y), which ended at $ 40.48. The reason for changing Elliott waveforms from impulsive to corrective is too many canceled levels and too many overlapping levels. It is not the traditional...
We are currently in the 3rd subwave of the 5th subwave in Wave 3 correctional wave. Plotted out is where prices may go in guidelines using Elliot Theory and adjusted to nearest support levels. In order for the uptrend to $1.28 to continue , we must hit lower than .00007747 eth.
The price of LTCUSD is still trading inside of the corrective zone, between the levels of $230 - $304. In order to move higher in price, the market must break out above the level of $304 first, then test the level of $380 and attack the swing high at $420. The next nice take profit level for the up wave if at $600, which would gibe a +130% for someone who bought...
Hello everyone, good job for your patience holders. Important prerequisites : BTC don't fall like a rock in the comings hours. LTC is almost ready to break the triangle and reach a new high. LTC will finish the wave E of EW ABCDE in comings hours, i expect a strong bounce from here (between 240-230). There is some resistances (red lines) but the breakout should...
The Dash cryptocurrency price is still in wave 4, which may turn out to be an irregular ABC correction. In this correction, wave B has already been made (with a high at $ 1.253) and now the price would be in the last phase of the downward cycle, the C wave. Confirmation of this scenario will come with the breaking of the trend line (golden bottom line) and a...
The IOTA cryptocurrency price managed to recover over half of the pre-holiday decline and is now just below the supply zone and below the local resistance at the level of $ 4.49. The golden trend line has just been tested and you can see small, but always, demand engagement at the levels of $ 3.20 - $ 3.30. For increases to be continued, the local support level of...
At the moment, the fourth wave correction (4) can develop in two ways. The first one, marked in green, is a correction scheme in the form of the fourth wave triangle, in which C, D and E are still to be found. All these subwaves should end within the area of $ 16,500 - $ 12,750. Breaking any of these levels will invalidate this scenario for a correction. The...
The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167. The necessary condition for further increases is the break...
We are now at wave C->D, with the lowest point being the 50% retracement level. We may see a price as low as 1.41 on the completion of the last wave before it starts to go up again.
I continue to think that the correction is not over yet. We could be at the wave 4 of the EW "C" ABC correction. Correction are always healthy. Daily RSI and MACD are still overbought. Bollingers bands show high volatility. ETH/BTC looks for a correction too. First target would be 1030$ area. We could see 830$ if the wave 5 is extended. Feel free to post...
Fundamentally: This coin is experimentally you could say but potentially huge if succesfull, it has a solid team behind it, in fact, bright minds of University of Edinburgh, the University of Athens and the University of Connecticut all putting their heads toghetter to find the solution to the problems bitcoin and cryptocurrencies been having to date. ...