On a 45 min chart, the fib retracement levels for wave (4) are shown in case the triangle pattern continues. (Note that the previous wave (2) correction retraced to the 0.786 fib level). Suggestions: watch for a crossover with the 8,13,21,55 EMAs for a bearish signal watch the MACD for a bounce (for a bearish signal) or a crossover (for a bullish one) ...
My USDCHF LONG from 02.26.18 is panning out well as I'm sitting on +90 pips at the time of this writing. Ended last week with a Spinning Top on Friday, March 9, after breaking through the previous supply zone. That zone is now being retested and if if holds will become demand. Price is currently stalling around the 0.947 mark, which was also the HIGH for...
Other EW chartist might consider ETC to have completed all its waves.Here is how I am looking at it, in my setup wave 2 and wave 3 have retraced to 0.382 and 0.618 fib level respectively. According to Elliott, wave 2 and wave 4 are usually the converse of each other and show different characteristics.For instance, if wave 2 correction is short and quick then wave...
Support lines represented by the blue dotted line and thick red line are far away, fib retrenchment lines will act as support for now. Red triangle is oversold area.
Wanted to take a minute to line up LC to see what it looked like from recent high and lows under week time frame. I was amazed at its ability to dance between the overlays and show consistency to support laid out. Volume shows likely to the down side, however, RSI shows on its way to bullish with earnings on the way. Nasdaq community seems to be bullish and WS...
Hopefully this shows up correctly on the chart , I tried to connect with a green trendline the bullish volume swell we got today to the biggest one we got in 2017 back on september 15th(which eventually took us to the ATH) . It is currently the same exact volume as it was back then and todays candle is about to close out as a massive bullish hammer. This is the...
Bounced from the Fib 0.5 support level and broke through Fib 0.382 resistance. The price is above Ichi cloud while the green line is rising. It means strong ascending trend. Stoch RSI and moving averages recommend to buy within a short term period. Overall fundamentals of the coin are great. We expect reaching the signal targets within next few days. In case of...
Fib retracement from recent high of 1420 to low of 761.61 shows latest price action bounced off 0.382 level. Looks to be trading in channel as per chart. Long tails on recent low shows bulls took charge when price dropped. My only concern is the low volume on the green candles indicating maybe bears will overwhelm the attempt to push through the 0.5 fib...
The blue line describes a prior median in the trading price, The current trend is showing a consolidation pattern. Once the patter is complete the blue trend line could act as a pivot or support.
There was a breakout from the descending channel on 1 day chart. Moreover, RSI is neutral at this moment combined those factors together we can conclude that the price should rise to the next Fib resistance level near the 0.0029. Volume momentum is also rising this coin can give a good profit in the mid term.
Fib replacement considering the 2 very similar patterns. A bit under 30K is the first target.
EOS has not even completed the five subwaves of wave 3. EOS has just completed subwave 4 and is about to start subwave 5. Subwave 4 is in the shape of a bull flag and is a ABC correction. Since subwave 3 was longer than subwave 1, subwave 5 is likely the same length of subwave 1 and hit $17. After EOS, completes the five subwaves of wave 3, it will likely...
In the title
$XVG is in a nice bull trend since the breakout late October. Higher highs and higher lows. Expecting to reach the red box at around 90-95 before making the next leg up to test the 0.5 fibonacci @ 140.
GRS has bounced in a double-bottom pattern on the purple support line, and on the 32.8% Fib. retracement. There is a chance to test the next resistance on the 50% Fib. retracement at 0.000105 BTC.
Wave E in the contracting Triangle I posted previously appears to have completed as a 5 wave impulse. It looks as tho this impulse in wave E is being corrected by a ZigZag which is currently in wave 3 of C. A barrier triangle has formed as wave 4 of 3 in C. On the break of this triangle I am expecting a wave 5 to complete wave 3 of C, then be corrected by a wave 4...
Confluence of previous support turned resistance with retest and second line of resistance with confirmation of bearish reversal also close to the .618 line so going to enter short when the market opens with potential gain of 250 pips just above the previous low of 136.348gb
Rejected by .618 line and still shows signs on resuming bearish trend on higher time frames so re-entry at 139.361 level with stop loss just above .618 line @ 139.701 level with tp at roughly 138.425 with potential to carry on dropping to 1.27 extension of 137.523