SOL holds up wellCRYPTOCAP:SOL Price continues lower in the channel, a textbook ABC correction so far.
Wave 1 ended with a wedge throw-over. Price has found support above the Fibonacci golden pocket and High Volume Node at the channel's lower boundary. The probability is a continuation to the downside with a target of $140.
📈 Daily RSI tapped oversold with no divergence to suggest a bottom
👉 Continued downside brings up the $112 target, a great buy opportunity
Safe trading
Season
ONDO,1 more push lowerLSE:ONDO Price is sitting just above High Volume Node support, testing the descending trend-line as resistance. As long as we are below the trend-line, the probability is to the downside.
Wave 2 appears complete after 5 waves down from the wave X flat correction. Price was front-run at the golden pocket Fibonacci retracement, but only a bounce so far. We are below the daily pivot and 200EMA, which is bearish.
📈 Daily RSI tapped oversold twice with slight bullish divergence.
👉 Continued downside has a target of the bottom of the High Volume Node at $0.5
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HBAR back in the channel!CRYPTOCAP:HBAR Price is back in the descending range after dropping below during the flash crash, which can be viewed as an anomaly.
Wave 2 appears complete at the golden pocket Fibonacci retracement. Price was rejected at the daily 200EMA and channel upper boundary and has lost the daily pivot and High Volume Node, suggesting further downside is to come.
📈 Daily RSI reached oversold and has printed hidden bullish divergence, which is bullish
👉 Continued downside has a target of the $0.13 High Volume Node
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FET, Pump and dump?NYSE:FET Price bounced with a one day candle of 70% recovering the High Volume Node resistance and daily pivot from the golden pocket Fibonacci retracement.
Chasing candles higher is what’s on the cards of naive investors now. Greed and FOMO immediately took over socials with much gloating. This is a recipe for lower, humbling them.
📈 Daily RSI went too high, too fast, and now has bearish divergence in a bear market, a strong signal.
👉 Continued upside has a target of the daily 200EMA and High Volume Node resistance at $0.6.
Safe trading
ETH Correction complete?CRYPTOCAP:ETH Wave 2 is taking the form of a complex WXYXZ correction broadening wedge. Ugly, hard to trade or find any entries. This will cause a lot of stress. This is also potentially a wave 4, but my preferred count is 2 for now.
Wave 2 appears complete with a swing below the boundary, but the recovery should have been stronger by now; instead, we are stalling below the daily 200EMA. The trend is down, and so we should expect more down. Wave X printed a triangle
📈 Daily RSI has not reached oversold and is still bearish with no divergences.
👉 Continued downside has a target of the High Volume Node $2600, where I will be adding.
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DOGE More downside to come?CRYPTOCAP:DOGE Price is testing the bottom of the channel and pivot point as resistance, where it is likely to be rejected.
Wave (2) appears complete after the Friday flash crash, hitting the ‘alt-coin’ golden pocket, 0.786 Fibonacci retracement. The trend remains down, so this is the higher probability. Price needs to overcome the heavy resistance ahead before we can talk about being bullish long-term.
📈 Daily RSI has printed bullish divergence, which is bullish
👉 Continued downside has a target of the 0.618 Fibonacci retracement and High Volume Node $0.12
Safe trading
BNB Bearish continuation?CRYPTOCAP:BNB Price appears to have completed wave (1) at the R1 pivot and has retraced to the daily 200EMA, 0.5 Fibonacci retracement and S1 pivot so far. A tough nut to crack.
Wave (2) appears complete with a textbook ABC correction ending at strong support. The downtrend is intact, so the probability is still to the downside until the structure flips.
📈 Daily RSI has not reached oversold and is still bearish with no divergences
👉 Continued downside loses the 200EMA and brings up the Golden pocket as support $740
Safe trading
AAVE local analysis updated, Bear trend continueEURONEXT:AAVE Locally, price continues bearish after falling out of the wedge, completing wave 1. Until the price gets above the orange descending trend-line, the probability is downside continuation.
Wave 2 appears complete after the big drop, black swan event. I was looking for a dip back into the long lower wick, which we have and price found support. This suggests we grind higher from here, but we must get through the daily 200EMA, just above the High Volume Node resistance and daily pivot. This area will be tough to crack.
The alternative count is a triangle forming discussed below, which is the (A)(B)(C) shown.
📈 Daily RSI has printed bullish divergence from the oversold threshold, which is bullish and a bottoming signal.
👉 Continued downside has a next target of $150.
Safe trading
BTC - Bouncing From the Sweet Spot?⚔️Bitcoin is currently sitting at a high-confluence zone , where the daily support perfectly aligns with the lower bound of the ascending wedge. This intersection makes it a prime area to look for potential bullish reactions.
🏹As long as this support holds, I’ll be looking for long opportunities, expecting BTC to push higher within the wedge structure.
The first target for this bullish move lies around the upper bound of the wedge, which conveniently lines up with the supply zone near $122,000, a key resistance to watch.
📉If the support fails, the structure could shift, but for now, bulls still have the technical edge.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📊All Strategies Are Good; If Managed Properly!
~Richard Nasr
XRP at major resistanceCRYPTOCAP:XRP is tapping major resistance and the previous channel lower boundary just above the daily 200EMA
If we break through the daily pivot offers resistance followed by the channel upper boundary trend-line. There is work to be done.
RSI hit oversold but no divergence.
Safe trading
SUI remains in macro triangleNothing changed form last update, plan is playing out. Wave (c) of D is underway and should test the triangle upper boundary and find resistance at the High Volume Node along the way- $3.14.
Daily RSI hit oversold with no divergence. wave E is expected to be shallow
Safe trading
SOL at resistance, has work to doCRYPTOCAP:SOL is at major resistance High Volume Node just below the daily pivot.
The local trend has flipped bullish but a strong move may not be on the cards until we climb the wall of worry through resistance. Price is riding the daily 200EMA.
Daily RSI did not print bullish divergence or reach oversold.
Safe trading
ONDO beaten down, resistance aheadLSE:ONDO has work to do but I am a forward looking narrative trader and believe we have a major RWA (Real World Asset tokenisation) narrative ahead to pump these coins.
Ahead lies High Volume Node resistance, previous channel lower boundary, descending daily 200EMA and the daily pivot to overcome... not easy but this is crypto and can be all taken out in 5 seconds.
Price terminated with a front run of the golden pocket showing strength over other alts.
Daily RSI hit oversold, no divergence
Safe trading
HBAR Heavy resistance aheadCRYPTOCAP:HBAR is about to hit resistance - daily 200EMA and S1 pivot, but has re-entered the channel after a deep swing below with daily RSI hitting oversold.
I am expecting price to climb the wall of worry generated by all the fear from the Friday flash crash + macro-economic environment and 'cycle top' narrative that is all driving market FEAR
WaveC of 2 completed at the golden pocket Fibonacci retracement.
Safe trading
ETH back above resistanceCRYPTOCAP:ETH megaphone channel is being respected as we approach the upper boundary after overcoming resistance High Volume Node now support.
The daily pivot will also proof tough to overcome and there should be no clean breakout to all time high as we climb the wall of worry from all of the cycle top nonsense... FEAR
Price tested the daily 200EMA as support, normal behaviour and printed bullish divergence from oversold W to Y.
Safe trading
BNB respecting the trend-lineCRYPTOCAP:BNB tested the lower boundary support line and caught a bid flipping bullish market structure.
Daily RSI printed bullish divergence from the EQ where price continues to find a bottom
Even during the flash crash price only tested the 0.382 Fibonacci retracement demonstrating the power of the macro uptrend and token reliability
Analysis is only invalidated below the trend-line. Elliot wave count is particularly difficult on BNB but it appears a macro wave 5 is underway which can extend for months.
Safe trading
AAVE Bullish structure from supportEURONEXT:AAVE has printed bullish structure from support but the daily 200EMA looms ahead, once cracked AAVe should move well. Price tested the golden pocket Fibonacci retracement.
AAVE did not pullback as much as most alt-coins and is expected to be one of the first to break into all time high / price discovery. First target is $460 High Volume Node.
Daily RSI almost hit oversold twice in what looks like a double bottom
Analysis is invalidated if we drop below $187
Safe trading
XRP Wave (2) CompleteCRYPTOCAP:XRP wave (2) appears complete after last Fridays flash crash at the 0.382 Fibonacci retracement and weekly pivot point.
RSI is crossed bearish and has room to fall into oversold with no bullish divergence. Bearish divergence marked the short-term top.
Price is expected to dip into the wick before moving up in wave 3 into price discovery with an initial target of $5.7
It should still be noted that XRPs move up was from a multiyear triangle which is a terminal pattern. Prices are expected to hit the bottom of the triangle at $0.3 but take this with a pinch of salt.
Safe trading
SUI Triangle macro outlookCRYPTOCAP:SUI structure, after a failed all time high, now appears to be a macro triangle in wave (4), also characterised by the long drawn out range. Wave D is underway to the triangle upper boundary with wave E expected to complete around the weekly pivot point, $3.17.
Wave (5) has a minimum target of the R5 weekly pivot at $15.8, at the 2 Fibonacci extension.
Falling below $1.7, wave A, invalidates the analysis and suggests we have much lower to go in a bear market.
Weekly RSI is bearish with lower to go but hidden bullish divergence has formed, a good raly will confirm.
SUI i holding up better than most with shallower retracements overall.
Safe trading
SOL Waiting at the weekly pivot...CRYPTOCAP:SOL has fallen out of the wedge, an interior wave 5 completion structure, which suggests we should see a broader sell off to the next High Volume Node in interior wave 2, $120. It is concerning no new high was made and backs up a deeper correction. This would also meet the ascending the weekly 200EMA.
Weekly RSi is crossed bearish but price remains above the weekly pivot and EMA which is bullish. Direction is ambiguous for now. A push back into the wedge would flip the outlook bullish.
Wave 5 target remains $600 at the R5 weekly pivot.
Safe trading
$ONDO wave (2) Bottomed?LSE:ONDO appears to have completed wave 2 with WXY complex correction ending at the major High Volume Node support just above the golden pocket.
Weekly RSi has printed bullish divergence but is not yet confirmed. A dip into the wick and High Volume Node is to be expected before high but may not get there.
Wave (3) has an initial target of the R2 weekly pivot at $3.18, a strong move from here. $1.22 weekly pivot and High Volume Node will put up a fight.
Safe trading
HBAR Wave 2 complete, but more downside firstCRYPTOCAP:HBAR wave 2 looks complete at the golden pocket and High Volume Node support after printing an ABC down. A deeper visit into the wick left behind is likely before we continue up in wave 3. Testing the 0.5 Fib and High Volume Node is where I am looking for a long.
Weekly RSI has bullish divergence, a good sign, but plenty of room to fall until oversold. Price is currently at major resistance of the channel lower boundary and High Volume Node.
A strong upside move has a target of the all time High Volume Node. Targets of $1+ are still on the cards.
Safe trading
FET Macro flipped long term bearish! Done and dusted?NYSE:FET has disappointed many and continues to be dumped hard. We can see 3 waves up from the very bottom as an ABC followed by a 5 wave structure down that's nearly complete, as weekly RSI hits oversold. No bullish divergence.
The wave 5 structure down resembles a motif wave which means any bullish moves are now corrective and we won't likely see all time highs again but we can still make decent profit.
Once a bottom is found, price should return to $0.6, at least, as counter trend rally / reversion to mean where it may find heavy selling.
Price needs to break $0.84 and find a higher low to flip the structure bullish again, a tough challenge.
Downside 'alt-coin golden pocket' Fibonacci, 0.786 has not been reached yet and is the highest probability area for alts to bottom, $0.13.
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