While not pinpoint accurate, BTC looks to be developing reliable support action around the $52k-$54k region. While this may be encouraging as a consolidation sign for a new floor, the trouble we've been having breaking $60k leads me to believe that we still would benefit greatly from the drop into the $40's, to really refresh some buying momentum. However, if we...
Polygon developing a bullish retrace after a massive impulse. It looks like a decent consolidation, though I can only see a sliver of an area for now that may prove as support. Beyond that, it's a big freefall down. However, we could definitely launch (much) higher, as the growth of ETH progresses and MATIC shines as an L2 solution. What do you think? Is MATIC...
• Bearish pattern in the RSI, though tons of room to pump.
• Ascending channel is bearish, but strong activity.
• Lots of room in the MACD to set up a bullish cross, potentially a massive (final?) pump to come.
Conclusion: Anything can happen. Don't gamble your life savings :P Have fun.
With everyone and their doge expecting BTC to, at least, venture a ways below $47k - this created an utter minefield of stops waiting on the dump down. We drop-kicked towards $47k and apparently asploded EVERYTHING, wicking it all out and sending us rocketing upwards.
Now all of our emotions are reset from the breakout of the wedge, and really, so many things can...
Apple looks to have completed a clean Elliot and passed into consolidation over the past few years. Traveling up an ascending channel, by all appearances ready to go bearish for a bit. However, while it seems to be clearly losing steam on the RSI, the channel currently looks strong. How will this go? What do you think?
I am new to Elliott Wave theory so I'm not sure if I've identified a completed Eliott wave. Looks like a pretty clean bear flag to me. TSLA about to correct further down?
