ArmandBouillet

ArmandBouillet

We can see here that breaking the corrective ABC is whats shaping up to be a nice 1-2-3-4-5. after rebounding off the previous resistance there should be some pullback to around its $270 support line. the 5 wave should continue to the next resistance area where it has a 90% chance of facing a reversal between the -0.27 and -0.618 lines respectively. The MACD...

ArmandBouillet Updated 

Here we can see that around July 16th the impulsive 1-2-3 move up breaks the downtrend. This is followed by a short a-b-c correction which then breaks the short term trend and tests the price around $3000. Following this a short impulsive moves reaches and breaks the -0.27 headed towards the -0.618. If we analyze the bigger wave, it becomes clear that the current...

ArmandBouillet

First of all let me begin by saying I love this crypto and wouldnt be suprised to see it shoot up if it can get past some technical issues. Moving on, there is a clear impulsive wave breaking the original trend which is met by prior resistance sending it back down. I expect to see it turn around and head towards that red resistance line. If it breaks this line...

ArmandBouillet

Wave theory analysis