Ethereum (ETHUSD) as mentioned in the last post collapsed to Support A instead of returning to a price target area between ~$858.46 and $885.75 to maintain its current bullish momentum. A break of the channel at ~$739.81 on May 10 does suggest a bearish bias for Ethereum. Price action on the other successfully testing Support A (~$685.23 and $646.08) indicates...
XRPUSD is currently testing Support area 2 between ~ $0.65 and $0.62 after ripping through “support area” as mentioned in my previous post. Support area 2 does coincide with the 0.618% retracement of the uptrend from ~$0.47 to a price close of ~$0.87 on April 20, 2018. This increases the chance of Ripple (XRPUSD) holding support area 2. Price action from ~0.87...
Cardano (ADABTC) broke out of its bullish channel and also moved past Support 1 as mentioned in the previous post given in the link below: Support 2 also given in the previous post is currently being tested and is shown in this post as the horizontal blue dotted lines between ~0.00003073 and 0.00002953. Cardano (ADABTC) breaking out of its previous bullish...
Price action of Bitcoin (BTCUSD) from ~$6440.10 on April 01, 2018 to ~$9646.80 on April 24, 2018 is identified in this analysis to be a corrective price swing. Price action at the time of this post is possibly in the last stage of a Minute wave ((c)) i.e. last leg of an expanded flat Elliott wave structure. The implication of the above is that a price move back...
Price swing from ~$13.18 to $25.32 (price close on May 6, 2018) is identified as a corrective minor wave degree. This implies that a deep retracement is possible for Ethereum classic (ETCUSD) before the resumption of a sustainable uptrend. Support 1 ($20.59 and 19.97) and Support 2 (between $18.81 and $17.94) as drawn on the chart are in the region of 50% and...
My previous post for the SPX (S&P 500) can be found here: A possible Elliott wave contracting triangle was discussed in the post to capture price action from January 29, 2018 to April 25 when the analysis was initially provided. SPX (S&P 500) currently is sitting just above B-D trendline for the contracting triangle. The relative strength index (RSI) is also...
My previous post on Litecoin (LTCUSD) to track its progression can be found here: Litecoin (LTCUSD) in the analysis was expected to produce one more sell off before resumption in the uptrend. Instead it produced a bullish trend upwards which is been determined in this analysis as a 5 wave progression. The price of Litecoin (LTCUSD) at ~$179.89 on May 5, 2018 is...
Cardano’s (ADABTC) price action was capture in a bullish channel in my previous post which can be found here: Cardano (ADABTC) at the time of this post is testing the upper region of Support 1 at ~0.00003547, which also coincides with the bottom of the price channel. A break below the bottom of Support 1 could likely trigger a sell off to Support 2. Cardano...
My previous post on Ethereum can be found here: Boundary for the channel in Ethereum (ETHUSD) was redrawn after prices broke below ~$670.18 on April 30, 2018. Previous target area between ~ $818.71 and $839.68 was hit on May 5 with price returning to successfully test the bottom of the channel. A break below the channel is expected to find support at Support...
My previous post on XRPUSD (Ripple) can be found here: It was mentioned in the post that XRPUSD (Ripple) would likely sell off and find support between $0.71 and $0.74. The chart has been updated and any upward movement should be a bounce on the way to the mentioned support area for XRPUSD. Failure to hold Support area as shown on the chart could potential...
My previous post for XAUUSD (Gold) can be found below: It was mentioned in the post that XAUUSD (Gold) was possibly going to resume an uptrend either as an impulse wave or correction (3 wave move). XAUUSD (Gold) finished last week with a net change of ~-0.65%. Even though XAUUSD (Gold) grazed above the point of invalidation (POI) of the analysis last week, the...
My previous post for Ethereum Classic (ETCUSD) can be found here: It was mentioned in the post that Ethereum classic (ETCUSD) was progressing as an impulse wave from the price bottom of ~$13.16. However, based on how price action has transpired since the last post, price swing for Ethereum classic (ETCUSD) from ~ $13.16 to ~$22.24 on April 24, 2018 has been...
My previous post on the bull channel for Ethereum (ETHUSD) can be found here. It was mentioned in the previous post that the next target for Ethereum (ETHUSD) to indicate a continuation of its current bullish momentum was ~ $737.36 and $763.47. Besides, Ethereum (ETHUSD) also reached Support 1 (~ 627.68 and $597.18 ) mentioned in the previous post before...
The recent bullish action in Cardano (ADABTC) from ~0.00002389 on March 21, 2018 till present date is captured in this analysis using a price channel. Price move upwards thus appears limited as shown by the upward red arrow as the upper target of the channel is ~ 0.00004324. Any consideration of a long position (i.e. buy) would require patience for Cardano...
The 4hr tf chart of OmiseGO (OMGUSD) from ~$7.77 on April 1, 2018 till present is identified in this analysis as 3 wave move (corrective)Elliott wave structure that should end up as a zigzag once minute wave ((c)) is complete. Termination of minute wave ((c)) based on this analysis would also result in the termination of a Minor wave degree. The implication of...
My previous post for Litecoin (LTCUSD) can be found here: It was mentioned in this post that the price swing for Litecoin (LTCUSD) was either shaping up as a correction or just terminated a Minute wave ((iii)) position. After further review, 7 swings in price action from ~$113.08 on April 10, 2018 to ~$165.47 (price close) on April 24, 2018 can be identified...
My previous post is referenced below in order to keep track of the progression of Ripple (XRPUSD). Ripple's (XRPUSD) price action has remained in a sideways trend after it closed at ~$0.92 on April 20, 2018. The sideways price action is identified in this analysis to be a combination (W-X-Y) Elliott wave structure with Minute wave ((x)) currently ongoing. The...
My previous post Ethereum can be found here: It was mentioned in the post that the likely target area for any bullish move would be the upper boundary of the channel with a target area set between ~$702.83 and ~$725.06. Ethereum reached very close to the lower boundary of the target area on April 29, 2018 with a high of ~$700.00. Price action from ~$614.39 to...