$ALGO is in an interesting spot here: - Bullish divergences are bleeding through the chart. - The bounce from the last dip was directly from the 0.9 fib level. - There is a EW case for this final push down to be wave 5 of 5 of C. HEre is the subwave count and the support level I expect the final bounce to be from:
So here we have 2 paths I think this might follow... Green path illustrates the main count with E already finished and assuming we will go up soon to make wave (2) and retrace quite a bit to create a bit of havoc on the market. This has the potential to play out within the next few weeks at the most, followed by an ALT season. The red path on the other hand...
Changed the wave structure up from the last TA on this coin. I never assume a triangle before it becomes obvious, these corrections are more complex and not as prevalent as ABCs or combos. Most of the info is in the chart, I do expect a bounce at or close to the Apex of the triangle. As for entries & targets, I'll leave that to you ;) Safe and happy trades to all.
No Peter Schiff, Bitcoin is not going to ZERO. Crypto isn't dying. I've laid out bearish (red) and bullish (green) scenarios out in this chart. I'd also like to point out taht the bearish scenario could go a lot deeper, be it with a wick or a diagonal, but there is decent support between the blue lines that should give us at least a bounce. I have a slight...
$PLANETS looks like its dying a slow death. But I don't think its the end. The project is beautiful and from an FA standpoint its just getting over a few road bumps with some of its sensor manufacturers. From a TA standpoint, it should curve over and form a bowl, then breakout at some point to make a new ATH buy the end of this cycle. I placed the waves as though...
Noteworthy here that in the case of triangles, the last wave (E) rarely aligns with the AC diagonal. It either goes past it or falls short on most occasions. I'm leaning towards it falling short in this case. Which is good news for Alts. CT is mostly bearish, which tells me we are probably bullish here on the market as a whole.
This is one of my moon bags and I've started my DCA in the $0.0160 region. While it still has some space to dip, it is slowly curving with some interesting divergences. It could easily regain its ATH in the next push. From the history on the Kucoin chart, I see this as finishing its ABC and on its 5th wave in the ending diagonal of C. Trade safe, as always. I...
Rather than seeing a full ABC here as pointed out in , I'm listing a full 5-wave A for an ABC ZigZag as an alt count. This is not to say the ABC is out of the question: the waves work and retraced more than half way. If we were to make a new ATH from here, it would be incredibly bullish. We're now on the upside to make B in the bearish count. This is a move...
$CGG - Nice waves here. Kucoin coin... very close to a bounce. Double bottom not out of the question, but I think we can go a bit lower. Perhaps the $0.40 range is a nice spot to long with low leverage. This could 10x easy. Wave 1 has 5 nice waves. the ABC also seems almost finished. Safe trading everyone.
$SUSHI -Ready to launch soon. Looking at a double zigzag combo here. The waves are relatively nice but not easily distinguishable on the perp pair from Binance. Chart here points to the fact that we'd be in in 5 of 5 of C of (Y) of 2, if you can follow ;) Don't sweat it if you can't. I find it hard to revisit an old chart with such counts... What I'm looking...
$SHIB $SHIBAINU - Probably not done yet. Not ruling out a bounce from the double bottom, but I'd be more comfortable with a good ol' 90% retrace. There is confluence to the left of the chart before the start of the impulse at around 0.012878 (1000SHIB). Nice impulse for macro 1 with an extended 5th followed by what looks like a 5-wave A structure. I highlighted...
100 EMA acting as a strong resistance for the past 13 months. Hard to believe this will be the time it breaks. There are a few patterns developing under the umbrella of that EMA. Looks like there's a triangle in there, bearish in this case): Within the triangle a few things are to be noted: slanted triple bottom with triple divergence on RSI, Volume & Histo:...