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I already wrote a long explanation about this pattern but it somehow disappeared.
I'm monitoring $VET and noticing price suppression, expecting a bounce from the green box in the chart.
Yesterdays price action however reminded me of the Wolfe Pattern. It was forming a falling wedge but the dump yesterday made a move outside of the pattern which ...
I've been following $VET since October 2017 and not worried about current correction. Green box in the chart is the area where I expect a bounce.
Current price pattern looks like a falling wedge (reversal pattern).
Yesterdays dump however reminded me of a different pattern,when I saw price dropping a bit out of the pattern: the Wolfe Pattern......
Wolfe Pattern ...
I've been thinking for a long time we would see more downside for cryptos, following BTC down the drain.
I always check several pairs and look for correlation and many times when BTC doesn't show a clean pattern, I can find it in ETH or LTC.
The whole crypto scene is watching BTC ranging in a certain zone and we see predictions to both sides of the charts. When ...
Our trader group is focussing on short term plays in alts these weeks.
The bigger picture is a downtrend and doing some bounces right now which still give very nice profits. Because of this downtrend, we look at ABC moves who might eventually turn into 1-5 cycles. For now ABC as a correction in the bigger downtrend.
Strong advice to play these moves cautiously, ...
On bigger timeframe ETHUSD is in a downtrend but showing some bounces, therefore I labelled current bounce as an ABC correction.
This downtrend is also the reason that I'm careful trading this set up but technically spoken, it looks like a nice short term relief rally. If we ever reach C, it has to be seen if we get a continuation of the bigger downtrend or this ...
I haven't really followed the EOS hype but this looks as a shorting opportunity to me.
Made a high a while ago in a 5 legs upcycle and now in an ABC correction. Didn't manage to make a new high in the latest upmove which looks to me as the B leg.
Bearish divergence in that latest upmove (on 240m chart), which is a clear sign it is loosing momentum.
How to trade: ...
Left chart: ETH did an ABC correction and perfectly hit our target which we determined last week. This is also exactly the .618 fib level as you can see on the right chart.
Right now bouncing from the blue box which gives me the idea, this correction is finished. Breaking the upper trendline would give more confirmation as we leave the downtrend at that ...
After recent bounces, I'm expecting more upside towards previous tops around 11.800. That could be a key level for longer term moves....either break out to the upside or 1 more leg down, forming a flat correction.
Short term key level is the down trend line (log scale), if it breaks that trendline, I'm expecting more bullish sentiment wich coud push the price ...
Expecting more bullishness and a move up.
Buy after the break out.
Short and longer term target on the chart.
SL below (X)
Haven't been posting here for quite some time, but lets do a new ETH chart ;-)
Price bounced yesterday in the blue box.... A week ago, had that box in my chart but never expected to get that low! At gives me confidence in the next path for ETH.
I'm expecting a 5 legs up towards that yellow trendline, a correction, followed by more upside which completes the ...
I can make a long story and write the most fancy stuff.
But this is all I need.
Pretty straight, clean and simple set up.
ETH is making a wild cycle up. just did 1st and 2nd leg. 2nd leg was correction and price broke already to the upside.
After a breakout, 9/10 a smaller correction follows and sort of retesting the trendline.
Wait for this pullback to hit the blue box, if you see some strong bullish price action you can enter the trade for ...
Cant believe what I'm charting but the FOMO seems to be real.
After the impulsive move up, LTC is forming a bullflag.
Based on FIBO extensions, I'm determing a next target in the $500 zone.....
Buy that break out and enjoy the unbelievable hype!
$NXT did a nice move up and is currently consolidating and forming a bullish continuation pattern.
Current price action is indicating accumulation.
2 sceniaros from here:
1) a possible break out to the upside for a run towards at least 0.00075. Wait for the breakout to buy, put an alert on the upper trendline. Dont buy now because of scenario 2:
2) a completion ...
XMR bounced from the bottom and made a 5 legs up, followed by a ABC correction exactly to 50% fibonacci level.
After this correction, its already breaking the short term down trendline and starting its next cycle up which is leg 3 on the bigger chart.
Next target (mid term) is on the left chart.
MACD just turned green on Daily, RSI stayed nicely above 50 on ...
WAVES is bouncing form previous lows after getting punished hard in the donwtrend.
These kind of coins are my favourite: lots of developments coming but getting surpressed hard.
Waves found a bottom and is making a 5 legs up towards the upper trendline of this downtrend.
Once it breaks out, we can start looking at the targets on left chart, but thats a long way ...
I have high expectations for GAS.....
Fundamentally it will profit from new chinese regulations (which will come I believe strongly) and from coming ICO's on the NEO network (you need GAS to invest).
In a recent report, Palm Beach Confidential mentioned a price target of $ 300,- Thats a long road to go, but for 2018 I'm expecting a lot happening for ...
Based on fundamentals (lots of developments coming) and technical analysis, I'm expecting LISK to reach the top of the channel on left chart and maybe even a breakout to the upside.
LISK found a bottom (see linked chart in "related ideas") and made a nice bounce. currently forming a 5 legs up cycle.
As long as the yellow support line can hold, I'm expecting a ...