XRP is potentially forming a bat harmonic pattern which will end in 0.2042. As we can see we have just rejected the 0.382 Fibonacci retracements and currently in the descending triangle. We might have a few more swing before decided to go lower. As long as we didn't break above the 0.382 retracements, the downside target will remain. The potential reversal zone...
As we can see, currently ETH price is in a descending triangle and it has the potential to go lower, the next price target for ETH is $255. There are many confluence at this level. Firstly, it is the base area that will become a strong support for ETH. Moreover, it is the 1.618 Fibonacci extension level, and lastly, this target will also be the end of the harmonic...
It seems like BTC is going for the downside target as there are a few rejections that occur in the resistance area . The downward target remains as long as BTC doesn't close above the 11200 levels. The main reason is that the harmonic resistance is located at 11150 levels and at the same time, it is also the neckline for the previous head and shoulder which...
I still expect ETH to go all the way down to 288 level to retest the weekly support and at the same time complete the bullish cypher pattern. 288 will be a very important level for Ethereum. However, in the short term, I expect another bounce to retest the previous resistance as well as the 0.382 fib level.
Another bullish bat pattern, now I expect XRP to bounce from the support to 0.618 fib retracement and continue to go further lower to 0.2 level. However, there is a possibility for it to only bounce to 0.382 or 0.5 fib level.
Update on BTC: There is a potential harmonic pattern on the chart. This also confluence with the CME gap in those level. There's a high probability that bitcoin will bounce from this level. Thus, prepare yourself to buy the dip.
Tron has just broken the daily resistance and it is currently on wave 3, it still has more upside potential. The target area is shown in the chart. Hope we can reach those target in the next few days or weeks
There is a potential formation of the harmonic pattern, we can expect a short-term bullish projection to the target area and then continue its downward pressure. it is wise to place long position in the C point with a stop loss just below the A point.
ATOM chart still looks very bullish, currently, it is still inside the ascending triangle. It might break this triangle soon and we expect it to go higher and reach the new all-time high. The target area is shown in the red rectangle area, where it is the strongest resistance. If we can break that area, we can easily go higher to the second target.
Well, from the chart, it shows that the bullish momentum has dissipated due to the double top formation. Now, we can expect a correction at a very least to 1.618 fib area before continue next movement. However, there is still a possibility for it to go up and test the yellow trend line before going down. Thus, it is best to just wait and find a good entry position
Technically, BAT/USDT still looks very bullish. However, there is a slight rejection after reaching the 1.618 Fibonacci ratios. This can be used as buying opportunity. the next target area is shown in the red rectangle. That level might be reached in several weeks as long as BTC dominance still going down.
This stock looks interesting to me. Currently, it is still in the accumulation area and there is a potential double bottom formation in the golden ratio of Fibonacci. This type of trade is a swing trading thus it may take a few weeks to months to reach the respective target.