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ADA hit the second target spotted in last analysis.
Now watching the retrace, looks be an ABC forming.
Two support zones are spotted that might end wave C.
1437 sats with the 3.618 fib would be strong bull bounce.
1400 sats with the 2.618 fib is the usual retrace area.
1387 sats with the 2.236 fib is a must hold for bulls.
This is an update to my ongoing...
OmiseGo finally took off, a bit behind its peers.
Two strong waves up, but might close to a retrace.
Three Red zones to watch as price approaches them.
This is an update to my longer term bullish outlook, after looking for a 1.1-1.2 bounce per this plan
Quick chart to plot the upcoming Resistance zones.
Still looks very strong, 1600 sats would not be surprising.
But a retrace soon would make for a healthier uptrend.
Longer term I expect much higher prices of course, per this plan
This is an update to my ongoing ADA analysis.
Currently looks to be in wave 4 looking to start wave 5 soon.
Given wave 2 was shallow and quick, 4 might be deep and slow.
1500 sats looks quite an achievable goal for Bulls.
1400 sats might be a good buy (if not already in).
Break below 1400 would put wave 5 in doubt.
Previous Analysis looking for the break out...
Ontology has been extremely strong as we all know.
It looks to have topped roughly where it was expected.
Now it looks to be retracing, with an ABC wave in progress.
It might higher yet, but if we dont correct soon it will be crash-prone.
My previous analysis looking for ''a top''...
Quick update to my ongoing Raven analysis versus Bitcoin.
Pullback thus far was a perfect 4.236 extension in the form of 5 waves.
That could be a 'wave A' of and 'ABC' correction in progress it seems.
My RVN analysis started with the last 'top' which did retrace a bit...
Enjin has been strong since the Samsung phone news.
It has been spiking off and on but sellers lurk at peaks.
Now beating against a proven Fib cluster of resistance.
Of course one does NOT need Fibs to SEE the reistance.
But what makes it crucial is REASON for that resistance.
With several fibs lined up so tight it was inevitable.
Break through the overhead...
Cardano has been pounding against the ceiling.
Above there are wide open spaces to next fibs.
It could be a good HODL buy or high profit trade.
The Fib series is from last drop starting in May 2018.
The 2.618 was good support and is a common bounce point.
The 2.236 often works in tandem acting as the 'other' wall.
Break above 2.236 opens it up to the 1.618 as...
Raven just keep on flying past all resistances.
And it is teaching me a lesson in "picking the top".
Sooner or later it will stop and Band 8 or 9 have a shot.
Band 8 often compresses to the .382-618 zone for some reason, and it has proven true already.
Band 9 is a common Move-Ender, with the 9.236 being first strong reistance and 9.618 the killer.
Here is one...
Wow, what a flight by Raven: outperforming most others.
But, all good things must come to an end soner or later.
Now, it looks like it might have topped at a Fib Confluence.
So I am plotting support zones to watch if it retraces.
Picking 'the' top is risky and it may make a higher high yet.
Thus I am not shorting, but have sold most of my bags for now.
Ontology has been climbing even against BTC.
But there are several fib resistances coming up.
I have summarized all of the fibs into a few zones.
Note: I usually chart vs USD but is worth watching vs BTC as well.
Drap Price scale UP to remove overlap in zone prices.
Drag PRICE scale DOWN to see more zones outside window.
Drag TIME scale RIGHT to see history and...
Update to my last plan (click here) which played out perfectly.
Not sure if it was IBM news or pent up buying pressure.
It topped about where expected, and is now pulling back.
It has just hit first support zone and is reacting pretty well.
There is however a Resistance zone close to current price.
Perhaps a scalp long now in case it is ready to resume...
Chikun was leading the way for most of Crypto-wide bounce.
Lately it seems to be lagging and lethargic over the last week.
Such a strong wave up needs to retrace to build 'safe' trend.
I see 3 disctinct Impulses and subsequent waves.
Elliott would call it a 12345 (1,3,5 being up 2,4 down)
Others have called it a "3-drives pattern" for decades.
Impulse 1 lost...
Raven is back to the Impulse that started the pullback.
Impulse had many sellers who are probably still there.
Selling from the end of Impulse is already obvious.
Impulse = strong continuous force for a limited amount of time.
When there is a return to Impulse, it is a critical zone to watch.
Rejection from, Penetration of, or Traversal through are clues.
Binance Coin has been on tear as we all know.
Wating for pullbacks has been a difficult task.
Here are some support and resistance zones.
Some zones are obvious from previous highs and lows.
Some zones are wide but I will fine tune as price moves.
EXACT reflections off zone boundaries are of great interest.
Drag PRICE scale DOWN to see more zones...
ENJ/BTC just hit first possible support zone.
Aggressive re-buy here, but prefer lower price.
Each zone is worth watching for signs of reversal.
This is a followup to my previous analysis which nailed most of the zones of interest:
EU has been on a tear lately, despite any ''good'' news (econ or otherwise).
Being an EU bear, I am always looking for short entries which start as scalps.
If scalp survives, I take profit on 1/2 position and leave traling stop on rest.
1.1350 round looks like a great first attempt to short.
1.1365 zone would be next one to watch, but not strong.
Quick plot to see if this ABC retrace plays out.
This is a lot of support in the 3900-3928 zone.
If it holds, then we have a shot at break of 4.2k.
We are also up against the previous Negative Impulse plotted here:
Prior to that, I had anticipated the...