ETHEREUM Looking quite bullish long term..
Because the "ASCENDING TRIANGLE" (Linked Post) followed Elliott, and stuck to the resistance and support lines so well, I assume it will continue up with the Elliot waves (I believe it will break up quite strong), once it finishes forming this ASCENDING TRIANGLE!!
It has been following fibonacci S/R points quite well,...
Ethereum looks like it is distinguishing an ascending triangle, after that big drop im expecting a retracement from 38.2 to 50. And then another crash down towards the "GOLDEN POCKET" (Check last post)
Ethereum finished 5th wave on HTF and then dropped 20%, exactly 50% of the previous move. Hoping it will jump back up to 23.6 FIB Range before it drops way down into the 65% Golden Pocket. Im looking to sell at 23.6 range before I rebuy at the pocket.
SHORT TERM BULLISH....LONG TERM BEARISH TOWARDS GOLDEN POCKET (124-127 RANGE)
BTT obvious triangle spotted here, and solid bounce off of 200 SMA. If it wants to follow this pattern, it should be looking bullish for the next cpl days until the top of the resistance (shaded yellow box).
Symmetrical triangle spotted, pretty obvious on 1Day time frame. These tend to be continuous but I have alerts set on trendlines and will be watching very closely.
I believe it will be bearish and break downwards based on the moving averages and the pattern being continuous.
Based on the look of this triangle that's forming, it's not quite distinguished yet but it could be a symmetrical, or descending triangle, both showing bullish. Gonna be watching PA very closely, because the support line happens to be right on the 50 SMA so that could offer some support.
And I have alerts set on trendlines.
BTT/USDT Forming this pattern, not 100% sure what it is it. Watching very closely for price action and have alerts and stop losses set at my plotted lines.
Should breaking with volume either up or down sometime today.
Same Ascending Triangle, retested the upwards slanting support at around 107.
This ASCENDING TRIANGLE is most likely to break upward (Just based on the pattern)
But it could also turn into a BEAR FLAG! Because the horizontal resistance isnt established as well as I would want it. Gonna be keeping a very close eye on the pattern with tight stop losses.
Spotted obvious looking ascending triangle on 15/30 min charts (On Left)
And what looks to be the end of the 2nd correction wave. All the way down towards 78 Fib levels and back up to 62.
Now if it sticks to Elliott Wave theory it should start the 3rd impulse wave.
Not too long after that perfect descending triangle we saw break out, this symmetrical triangle started to form. Its looking like the ABC Correction after that first big "A" drop happened. Im expecting just a little above 3k, you can look in the past for quite obvious support/resistances.
On the other hand I dont think its going to break upwards because of the...
Pretty obvious descending triangle on high and low time frames. But MACD is looking bullish along with the small divergence on RSI. It could be breaking upwards even though its descending. Gonna be watching 1hr and 15min candles closely
This is definitely looking like the 4th wave just finished and the 5th is underway. I believe the 5th should hit around 170-171 gonna ladder my sell points. If you look back on the chart 170 was hit as support 2 times so I'm guessing resistance this time.