SPCE came down to critical support and appears to be bouncing from there.
Bounced off 200 SMA
Uptrend Gann fan that started at the major sell off supported price near final fan line
Daily MACD and 4hr MACD both flipping green
4hr TD sequential indicated a 9 buy signal
Inner cloud edge-to-edge trade possible with target of $25.78 (top...
Statistical likelihood of each retracement based on Wave 4 assumption:
Page 10 - astrocycle.net
60% likely - TP1 is the less bearish outcome and quick rebound.
60% likely - TP2 is the more bearish outcome and longer rebound.
15% likely - TP3 is the most bearish outcome and much longer rebound.
2020 downside targets on NASDAQ...
It appears PG&E is close to a bottom and the triangle formation is bullish on this last leg of the correction. I would watch that triangle close to see if it breaks or not. If not then I would shoot for the $1 - $2 range.
It looks as though LINK/USD price action has hit the median line from the bullish pitchfork and the upper channel from the bearish pitchfork AS WELL AS the trend line from all time highs.
This seems like a very likely place for consolidation and potential buy targets are around 0.35 (bullish channel bottom).
There's very little resistance above 0.60, so...
Altcoin total marketcap illustrates we could potentially be very close to bottoming based on:
falling wedge pattern
bitcoin dominance shifting after months of favoring BTC (13 count backtest reached on TD sequential)
Always the possibility that this wave count is incorrect and that we fall even further but something to watch...
I have been expecting to see that $2k - $1500 BTC but I am starting to re-think that potential outcome.
Corrective waves and a fairly clear bullish falling wedge that could indicate we could be near a potential bottom relative to total marketcap.
- volume starting to show up at end of triangle
- corrective wave could be complete
- still room to the downside...