A Megaphone pattern is forming within this 4th Elliot Wave.
A megaphone pattern can go either way as it is a representation of the volatility in the market.
How would I play this?
Long, If it breaks above the 5th wave and backtests support.
Short, if it breaks below the 3rd wave and hits its head.
Entry, if it holds support at the lower trendline of the 3rd...
Seen some clowns posting about a daily death cross trying to lead everyone to the poor house with them.
Cardano is NOT in a Bear Market, it is called a markdown phase after an extended rally, in this case, a 10,000% rally, so please explain how that is bearish?
In terms of Elliot Wave, the 4th wave is usually longggg and slowww, if you zoom out to the weekly...
Algorand is a great blockchain project that isn't as hyped as others but performs the same or better than most of its competitors as well as having the financial backing.
IMO this is a sleeping giant similar to ADA, they just have different goals.
MACD: Continues making higher highs and higher lows along with the price action
RSI: Finding trendline support on...
Someone is buying a boatload of BTT...look at that volume
Bull flag on the larger timeframe, volatility getting tighter.
The last MACD & ema 9 cross was above zero...bullish
RSI riding the same trendline out of the oversold territory.
BNB looking bullish:
50% retracement broken invalidating a dead cat bounce
Cash flow green
Market cipher printing a buy signal, but you need a 20/50 cross to backtest and hold for con't towards ath and breakout.
Expecting some resistance at .886, support at .702, and then con't.
Lose the .5 and .382 for invalidation.
*Note: need the Total Market and SPX...
Is rune leading the pack for altcoins? Depending on BTC dominance chart next move pictured below, we have two scenarios.
Bullish Scenario: Bull Pennant, break above the 50% retracement, candle close above for support and con't.
Bearish Scenario: Dead Cat Bounce, candle close below the 50% retracement and retest the 88.6 % retracement level on the macro...
Very important potential support/pivot points are laid out, just my opinion if you lose these supports we could see some major buy opportunities for a lot of major crypto projects.
Breakdown Targets are laid out as well.
Not financial advice, just an opinion.
KCS TOKEN looking extremely bullish.
One of the better exchanges around, if you haven't checked them out you should.
What Is KuCoin Token (KCS)?
What Makes KuCoin Token Unique?
KCS Bonus is regarded as one of the best ways to get passive income. Users who hold more than 6 KCS can get a daily...
Elliot Wave count still valid, long 4th leg is normal.
Megaphone pattern formed, is it Continuous or a Reversal?
*TIPS IN THE CHART
RSI - HIGHER HIGH
MACD - FIRST BULLISH CROSS SINCE 2020
HODL ONTO YOUR BRITCHES...
The Nervos Network describes itself as an open-source public blockchain ecosystem and collection of protocols. The Nervos CKB (Common Knowledge Base) is layer 1, proof of work public blockchain protocol of the Nervos Network. It reportedly allows any crypto asset to be stored with the security, immutability, and permissionless nature of Bitcoin while enabling...
What Is Mask Network (MASK)?
Mask Network is a protocol that allows its users to send encrypted messages over Twitter and Facebook. It essentially acts as a bridge between the internet and a decentralized network running on top.
Mask Network was initially launched in July 2019, with its first use case of allowing Facebook and Twitter users to encrypt posts on...