Ripple looks ready for the breakout we were waiting for so long.
The asset has been in the consolidation for over 200 days. That's pretty sufficient for significant move coming very soon.
I've noticed some hints as a volume spike right in the middle of the consolidation.
EW suggests an incoming pump to at least $0.79 price mark (very probably, we'll see...
Examining Litecoin daily chart, we could find a trend reversal pattern that I consider as a reliable enough.
The trend reversal pattern is also in sync with Elliott Waves signaling the correction is over and we're in early stage of another wave up.
For best risk to reward ratio, we may plan to enter the market in range of $130-140, stop-loss at 110 and first...
We've seen a test of bullish accumulation.
The excessive chunk of investors have been unloaded through a manipulative drop.
That's a typical pattern before a coming strong pump.
Now ETC looks very promising with the first target at 0.0030.
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The correction we've been waiting for has been delayed and we've seen a breakout from the triangle.
Bitcoin was consolidating within the triangle for quite a long time, accumulating sufficient impulse to reach higher levels before the correction happens.
The triangle breakout pattern suggests us the first target to be at $10,480.
Time for some positive forecast!
The FUD is smoothing out and FOMO coming in (as G. Soros playing with crypto).
The annual tax declaration and payment date being 17 April could be the last FUD ahead that is able to drop the price by another 20% to 5800-5400 area.
The target for the subwave 3 currently is at $5945 if the correction doesn't get higher than...
The bulls failed to break 7400-7600 area that was strong resistance from wave #1 that I've been calling in earlier charts.
Entered the last #5th wave down and still in the falling wedge that is pretty bullish pattern.
There are plenty of scenarios to realize before the bulls return to the market, but I've selected the two most probable scenarios to share with...
Turning bullish seems a bit early before the price breaks 7400-7600 area and stabilizes above that area for a day or two.
EW structure clearly shows the importance of that zone.
Therefore, the downward movement isn't complete yet and most possible scenario is for the price to go lower to 5800-6200 area before bottoming out.
The alternative scenarios:
A) The price...
Sorry for bringing bad news, working on a EW analysis and see more downward potential on the charts.
I've charted the optimistic EW structure to not to look over pessimistic.
You're welcome to find the mistakes in the wave structure and post them in the comments.
Ongoing ABC correction on higher timeframes. Still in wave A of the correction in a final...
Sharing a chart analysis based on Elliott Waves, TD indicator, Price Action and volumes for the very first time.
Feeling it’s very important week for the whole crypto market.
You are welcome to throw in your comments, chart adjustments and corrections if I missed something.
The long-term uptrend line that was supporting the price for months (from June...