I draw a theoretical movement in Elliott Waves for Monero. This is not a serious analysis - only some thinking. As I´m not very firm with EW - and I´ve read that the EW-analysis is very personel and full of possible faults - I ask you what you think of it. Is it possible what I drew? Scenario A) We´ve reached the bottom and Monero will rise in a 12345 impulsive...
In my last analysis I described the possibility that NEO had left the trend channel and I was wrong. Instead it continued within the negative trend channel, but only 5$ or 10% lower it turned a second time and this time it left the channel to stay outside. The momentum is very positive. RSI rising and already crossed the trend line bottom to top. ADX - momentum...
I´ve just analysed different coins and tokens and much of them are in a triangle pattern, as Litecoin too. Will this be a turning point for the whole cryptomarket or will the downtrend continue? For Litecoin it´s a long way to install a new trend, because the negative trend channel is large. At the moment the upper limit is at 137$, 20% higher than the actual...
Ethereum has not only left the long term descending trend (see pointed line) but also the triangle, formed by the two lines descending and ascending trends. And it has done this movement in a quite narrow trend channel, not allowing much volatility. As BTC as well ETH sits on a support and the next movement will be important for the further trend. Will it go up...
BCH has bounced on a strong support level, formed by a swing trend line coming from nov 2018. Also the coin is within a narrow negative trend channel; often a tightening of the channel indicates a change in direction. BCH is correlated to BTC with a ratio of 0.47 - based on daily closes. It is far more correlated to Santiment, QTUM, DASH or IOTA (> 0.70). So the...
The DAX (performance index) has recovered from fib retracement 61.8% and broke the resistance at 12.286 pts (swing trend line). Next resistance is fib retracement 78.6% (12.600 pts). The fundamental facts aren´t negative, the Euro could lose some strength vs other currencies, the US tariffs won´t be too hard for the european economy, especially the german...
The actual support has been tested several times an can be considered as strong enough to halt the course. Good buy opportunity! first aim: falling trend line (~1.340$), second aim: 1.380$ (last high), third aim: 1.450$ (upper limit of the ascending trend channel) stop: when crossing the support and heading lower, in this case Gold could fall to fib retracement...
NEO hasn´t seen the white rabbit but a crossing point - with the long descending trend line. This could have marked a new upways trend and on 4h-basis we can draw an ascending trend channel. Also it has crossed the falling trend in RSI; not much yet and it is to expect that the price falls some cents further. In the short run some deeper prices could be seen -...
Actually BTC sits on an important support line (6.800$). We can draw it back to november 2017 and it has been tested several times in the last days. If BTC isn´t stopped here a further drop to prices around 5.760$ (fib retracement 0%) is possible - as it had happened in february 2018. On the other hand, if support halts then a short rise to prices around 7.380 are...
Tron has turned shortly before touching the lower limit of the trend channel. It is now on the way up. Next resistance is the swing trend line at 0,0387$ and after this the swing trend line at 0,054$ which is also the upper limit of the trend channel. RSI turning to positive and also does ADX. So this could be a good buy opportunity to having some gains in short...
IOTA has fallen from its ATH at 5.80$ to 1.10$ within a well defined trend channel. It has tested both limits and they have shown enough strength. Actually IOTA touches the upper limit of the trend channel; also it has reached a swingtrend line (orange). To continue its positive way it should break through those two resistances - and that is not very probable. RSI...
Watch this EW - theory. We´ve had a ABCDE - correction wave from ATH to 150$, followed by 5 part impulse wave. And actually we´re in a ABC-correction wave form, precisely in the c-wave which could lead us to the last low at 150$. Please give comments, when I´ve made mistakes in my EW-wave analysis. Thx. Monero is also in a triangle pattern and has just broken the...
After all NEO has turned and is now on its way up. This could be the third, motive wave and could lead us to 96 - 112$. At this level we reach the descending trend line and the price could turn into wave 4. The correlation between BTC and NEO isn´t very high (0.23 on daily closes) but there is a correlation. So if BTC continues higher NEO also will do. And BTC...
BTC is in an inverse shoulder - head - shoulder pattern. If BTC crosses the neckline to the top a rise to ~ 11,300$ is possible. At this point we find the fib retracement 38.2% and a crossing point from two trend lines: declining trend from the pattern §3 descending peaks" and the long term ascending trend line. If BTC fails to cross the neckline a new test on...
HUI has just broken the lower limit of the trend channel, but also the support at 170 pt (fib retracement 38.2%). This is a very bearish sign, if it doesn´t turn immediately to re-enter the comfort zone. If not there is the risk that HUI would fall on 143 pt (fib retracement 23.6%) - with only one support line in between (160$). What is estonishing as well is...
With the good momentum of the whole cryptomarket Zcash fighted back to the last support level (orange swing trend line). This resistance line is the first test of the positive trend and if Zcash breaks through then it could fint its way up to the long descending trend line (dotted). That will be the second important resistance line, formed out of a fib retracement...
buy: if price breaks out of this pattern to the top with 1. aim 22.143 pt (fib retracement 78.6%) and 2. aim at 22.763 pt (swing trend line) another active chart pattern is the existing trend channel which can be considered as strong because it has been tested on the downside several times and the index is sitting just on this limit; so a break of this line...
The US-american Index hast just touched the lower limit of the inner trend channel. And with the negative momentum in mind it is probable that it will leave this channel (RSI weakening fast, ADX: DI- rising). If it crosses the lower limit then we can expect it to test the lower limit of the very long ascending trend channel - at about 2.550pt. The volume has been...