Here we are for the update of my previous analysis.
In only one week, we reached the buy zone which match the 50%-61.8%. I draw that zone because we may be in the second wave of Elliot impulse wave theory. The wave two often completes in that zone.
Moreover, a lot of people wanted to spot the real cup&handle, and as you can see, the follow cup&handle could be ...
After having finished the ABC correction wave, we may enter in a new impulse wave on the long-term.
The impulse wave I drew thanks to Fib retracement, indicates the different zones where we could find tops and bottoms.
During the next few weeks, bears would dominate the market until we reach the buy zone located between $7826 and $8255. That zone matches the ...
Taking fibs from the full price action (wick to wick) of its last major dump, EOS is now wicking down directly off the 618.
Unless BTC shows more bullish strength on smaller timeframes, which is currently waning, EOS will have a hard time clearing the 618 and running for the 786 and the prior price resistance up there.
The best offense being a good defense, ...
If you look XLM/STR and XRP charts these sell zones start to become realistic.
Math of Market Cap:
XRP: Circulating Supply—40,000,000,000 Current Price—2.5$ per/coin Market Cap—11,000,000,000$
XLM: Circulating Supply—18,000,000,000 Current Price—.65$ per/coin Market Cap—97,000,000,000$
BTS: Circulating Supply—2,600,000,000 Current Price-.74$ per/coin ...
If you look XLM/STR and XRP charts these sell zones start to become realistic.
Math of Market Cap:
XRP: Circulating Supply—40,000,000,000 Current Price—2.5$ per/coin Market Cap—11,000,000,000$
XLM: Circulating Supply—18,000,000,000 Current Price—.65$ per/coin Market Cap—97,000,000,000$
DGB: Circulating Supply—10,000,000,000 Current Price-.12$ per/coin Market ...
D1 - Bearish convergence after bearish divergence. A correction is happening now, we can expect a continuation down once this correction completes itself.
H1 - Triple cycle forming and we have a perfect sell zone at the top of the range., once the triple cycle completes itself we expect the price to reach the sell zone and a reversal to happen from there.
After ...
We have a perfect sell zone and the price has now entered this sell zone.
We have bearish divergence formed, now we will be looking for a false break above the last high and then the price to create lower lows.
Once that happens we can start looking for sells.
D1 - Price entered the sell zone. We can look for sells as long as top of this sell zone is holding.
H4 - We have false breaks along with divergence and also there is a great trend line.
Don't rush into trades without confirmation as the risk-reward here is fantastic (target 1 0.71, target 2 0.6850)
Wait for good confirmations that the price is ready to ...
W1 - We have bearish trendLlne and horizontal Resistance which is at the top of the range.
D1 - Price entering the cycle zone 161.8% also bearish divergence forming already.
Price is currently inside a great sell zone. We will see price in the zone 1.1450-1.15. It is recommended to wait for a signal from your favorite strategy as a confirmation before we jump in.
D1 - Massive bearish pressure on this pair all over .
H4 - i'm looking for shorts only, Price is currently trading inside a triangle of some sort. There are two possible scenarios here.
Scenario 1 - Move up, false break and then continuation down.
Scenario 2 - Move down without a false break.
For a few weeks now we have been following this pair.
Price is near the top of the weekly range.
H4 - Based on the analysis above we can look for sell opportunities as we can see that there was an initial move down followed by a correction.
No surprise to see price stalling at the round number of 0.7000
Back into structure for a retest. If price holds this level it's time to look for entry reason to get short with target down at 0.6900
Still waiting to get involved shortside on thi pair since the last published idea (reported on related).
At this time, another potential pattern (bearish Gartley) could be used as a reason for entry in confluence with a 50% Fib retracement of the most significant swing long that broke trendline on 8th Jan 2016.
Wait and see if Gartley plays out.
Targets on the ...
IM ALREADY SHORT IN THIS PAIR BUT IF PRICE RETRACES AND TAKES ME OUT OF THE TRADE THEN THE NEXT LEVEL I'D LOOK TO SELL IS AT MY CLUSTER ZONE/SELL ZONE. IVE GOT LOADS OF CONFLUENCES AT THIS LEVEL WHICH ARE THE 0.5 AND 61.8 FIB, SUPPORT TURNED RESISTANCE STRUCTURE LEVEL, MAJOR TRENDLINE, DYNAMIC RESISTANCE (50 MA) AND A NICE PSYCHOLOGICAL ROUND NUMBER (1.03000). ...
