The market is right on an intervention level to resume its bullish move started few days ago. The SMA is support and the Hourly-RSI is close to its 50% critical area to take into consideration.
1703 as 'clear' inflection level to hold to reconsider the rise to complete a wave 5 of 3/. The Hourly-RSI and SMA are supporting the market -> bullish Have fun - stay safe!
The Sterling recovered sharply across the board over the last days. But, a relative Pound UNDERperformance to take place against the EURO, holding above 0.8640. Thus, the pair exited up from a bearish purple channel, and the RSI is lying on a support area, leading credence to a new upside move.
3751 not broken up to shape a bearish consolidation of the yesterday rally. The Hourly-RSI is facing a resistance area leading credence to the short term downside move
The outlook is leading credence to a further rise to the upper end of the last weeks flat trading range and the mustard yellow line joining the highs.
Unfortunately it 'destroyed' the inflection level without any reaction and even accelerated down. May keep an eye on at 0.1065 as the RSI is lying on a support area. But await for a bullish signal to be triggered to reinstate the bullish scenario.
COINBASE:XLMUSD is shaping a rounding bottom pattern on the lows, giving credit to a further rise. The Hourly-RSI keeps upside potential holding above the 40% critical support area.
Hi, following the view posted on end of last week, take a look at the last price action. It hit and bounced off its 'entry' level and no reason to have a break below 1315 to follow the rise to 1440 before 1500.
BINANCE:DOTUSDT triggered a bullish pattern (double bottom) and is currently accelerating up in a wave 3 - leading credence to a 'direct' further rise.
Considering that the market shaped a bearish consolidation of one weeks ago bullish acceleration (wave 3 -> strong and impulsive wave up) and the market should resume its bullish dynamic on the current levels.
The market remains under bearish pressure below 0.467 to shape a 'last' push down before reconsidering a mid-term rise. Thus, the RSI keeps downside potential holding below its resistance line joining the tops, leading credence to this downside move.
Hey whale calfs. Here is a nice Elliott wave count configuration (textbook one). It's not a trade recommendation on Ethereum or other financial asset. It's a personnal view, no more than that. Stay safe, and have fun!