Pretty tricky to make a chart for such a pump, but lets give it a try:
Based on Fibonacci, target for leg 3 would be the blue box where we are right now. If (a big IF) we retrace from here, it could go back to (4) for a next leg up.
All indicators show overbought and retrace possible (indicators are not leading for me, just a tool).
Don't get caught in the...
Zcash broke out of its downtrend wiht an impressive upmove.
Currently making a bullflag which gives us an excellent opportunity to jump on this train to (at least) 0.09 which is just the first target.
Wait for the price to come back a bit futher to minimize your risk. 9/10 break outs are followed by a consolidation or retest of previous trendline!
My guess it will...
Steem is doing an ABC correction which is almost finished.
Ideally it would go a bit further down in to the blue target box, but it can break out any time.
RSI shows allso it can go down a bit more.
Before going long==> wait for the breakout and retest of the trendline!
Looking at the current channel, I can see LTC going for a wave 5 up to $70,-
RSI on daily has enough space to let it happen.
We might see a down first.
Target is determined with Fibonacci extensions.
More detailed information in the update on smaller timeframe.
Lisk left the down trend and is currently retesting it.
First target is top of flat structure but it looks to me, it will fly further.
How to trade? Wait for breakout, SL below yellow trendline.
More targets can be determined after break out of flat structure.
I will update.
**trade what you see, not what you think**
Blocknet is a coin which a bought a few weeks ago because of its fundamentals and I didn't chart before.....
We're looking at a nice pennant which might break out pretty soon as lots of developments is going on with Block.
Their ICO was 3 years ago and their devs did an amazing job in developing. Block is ready to launch their decentralized exchange where many...
Antshares is in a nice uptrend, keep an eye on the yellow trendline.
Break down will bring it towards 4 where it might form a base for leg 5.
Funny detail: 5 is determined with Fibo, just like 3 came exactly on the fibo level .
5 is Fibo AND previous top (coincedence?)
Stratis is trying to break out, testing the yellow trendline but I'm not yet convinced.
I wouldn't be surprised if it falls back to the red trendline. I want to see RSI lower and the pattern alongside the blue trendline is corrective
Before you jump in this trade, wait for clear confirmation.
Clear breakout would be breaking the upper blue trendline. My advice...
XLM/Stellar is showing a nice uptrend from the bottom.
But I wouldn't buy here as I'm expecting a correction after hitting (3) in the blue target zone.
Short term traders should wait for a pullback to 4 (exact area of bouncing can be determined later) for a next ride to the next blue target zone.
Exact target (5) can be determined once leg 4 has been finished....
XRP broke out of the downtrend, retested the trendline and started a 3rd leg up in a total of 5 up.
If you missed a good entry, you might a better chance pretty soon. Based on the indicators, I'm expecting some correction after hitting the fist blue zone or maybe earlier when it doesn't get that high.
Wait for the price to come back to the blue trendline , when...
Waves finished its correction and is on its way back up, together with lots of positive developments last days.
Broke out of downtrend, now retesting that trend, wait for breakout for leg 5.
Target in blue box, based on Fibonacci extensions.
ETH left downtrend and started a new up cycle.
Just broke out,wait for a correction. First target is 260, wait for a correction towards yellow trendline.
Dont chase candles!
Updates will follow on lower timeframe.
I was expecting this pricezone as a completion of a 5 waves up.....But if we stay above the trendline, it may be that we just did 3 waves up and we have one more leg to go.
Lets see how the correction will be right now......
Wave 4 was a correction to the trendline and bounced nicely and was a typical "sell the news" after lots of hype for Segwit.
It seems to me that leg 5 has been started.
Broken out of downtrend, space for more upside. More good news coming and leg 5 may just be a zone for some natural correction.
SL below trendline for those who use SL in crypto ;-)