Floki here with the first of many Elliott Wave Analysis crypto updates.
Starting with HBAR, a coin very close to my heart, which I will qualify as Blue Chip going forward. The RL use cases it brings to the table are undeniable.
But on the technical side, is the correction done? I'd say the odds of it being done are at about 70%. There is still room (30%...
This is one of my bluechip coins and has been for sometime. I miss the first move up and I don't intend to let that happen again.
Some big CT accounts are calling for sub 10$ prices. While I can understand the confluence, I still see a support well above that level. With the extended 3rd wave, I do see a good reason to bounce around the 19$ range. I see the...
If we go back to my analysis in August of 2021, you could see I had anticipated the flat. Although it went higher than anticipated, I count this as a success.
I had a bit of trouble looking into the 2017 bull run for the sub wave count, but it works. Subwaves matter, but we have established as a community that the 2017 run was wave 1 and we are currently in wave...
This is a follow up from my last (failed) idea on $QNT: It did not run independently this time. It failed to regain its EMA support and fell like the rest. But I do anticipate this coin will have one of the strongest runs in the next part of this cycle:
I see a WXY...
This is an update from this Idea back in March. As you can see, the waves played out beautifully. Its now time to zoom in, count the waves and pinpoint where it will end its run.
So I have us going up for wave 4 of C (almost done mind you). And then the...
If you click play, you'll see I have a wave analysis. I've updated the waves in this one. You can see my new targets are a bit lower, but I'm still expecting the move down to be over in the coming weeks.
We are in the final wave 5 of C in a lovely zigzag...
I have charted this coin a bit lately. Although I heavily disagree with the high gas fees, it is still a mainstream coin that deserves consideration.
Waves are pretty clear. I'm expecting a deep wave 4 (up). Followed by a steep wave 5 that should be relatively short in length as well.
Lets see how this plays out.
Safe trades to all.
I have $AAVE completing a complex correction structure in an WYX combo. Fibs are out the window pretty much once the 0.88-0.9 fib range falls through, so we need to find other means of evaluating bounce zones. And in this instance I found a previous support/resistance area that I think has a decent chance of being the bottom.
As for the previous impulse. Wave 3...
I had a bias of BTC going back up to reclaim 35k at the very least before laying eyes on this chart.
From an EW perspective, we had previously drawn a shallow 2, and a deep wave 4.
Now if we dive into the subwaves of this wave 5, I feel like wave 3 could be finished and we need to go up and fill that gap to play out wave 4.
Safe trades to all.
There are not many ways we can count this. IMO this is the best count.
Wave 1 was really sharp , wave 3 as well (slightly longer, but barely).
I really don't know what to target here, but I think a double top could be the way to go (it is a conservative target all things considered).
I do however see a few more downward candles after some relief.
Happy trades to all.
There's a case for the move down being done (ABC classic ZigZag ).
But I dont like that fact that the 2D RSI here isn't above the 30 mark on its divergence. Which leads me to believe we could see one more bout of downside to finish off this correction.
The coin is making nice waves tho and I have good hopes to see it at ATH before long.
Happy trades to all.
$SOL - I'd estimate SOL's correction being done to about 70%. Although there is still some space for it to correct, We are in divergence territory on many daily momentum indicators (MTF, Histo, RSI, ROC).
I'm counting the subwaves in the final wave down and I think we're about to see a significant bounce. It looks like we're in the final wave of the C (ABC...
I'm a bit hesitant to spill the beans on this coin, so I'll keep it to TA .
So we have here what I suspect to be an almost completed (A) (I think we could hit the bottom of the pocket around 0.208 before bouncing for a (B). Retraces have been shallow within (A), so I don't quite know what to expect here. I do expect a mercy bounce across the market with BTC...
Bitcoin sitting pretty here above the golden pocket. It's also sitting between 2 gaps. One is set to close below 25k, the other one closes above 36k.
I'm willing to bet we close both in sequence. The lower one first, followed by the 36k one, which should constitute our 1st subwave of the 5th and final wave of this bull run.
This is my current take on bitcoin....
With my recent taking up of certain NFTs related to the SOLANA chain, I've taken more interest in this coin.
It has beautiful waves. This last move down was a bit tough to watch on the sidelines, but it seems to be finishing a C wave. Expecting a last wave down to touch with previous support and the 0.9 fib.
At that level I will invest significantly into the...
$ALGO is in an interesting spot here:
- Bullish divergences are bleeding through the chart.
- The bounce from the last dip was directly from the 0.9 fib level.
- There is a EW case for this final push down to be wave 5 of 5 of C.
HEre is the subwave count and the support level I expect the final bounce to be from:
$SHIB - You'd get less rejection from the friend zone.
I identified this zone before the RobinHood listing. This FA doesn't change anything, but adds one more rejection to this series of rejections.
Trade safe, and if possible trade something other than SHIB.
Assuming we're done here, and I'm pretty sure we almost are, this is what expect for the next 2 years.
You've probably heard already that 99% of crypto are probably going to zero. And while this might be true, this is probably the only scenario that invalidates this count for Ziliqa.
We've had a beautiful wave 1 push to 0.25$ and I believe (I used fractals...