Bit of an alternative analysis here, but how many fucking times have we seen people charting price action eh.
Looking at MACD we get some fairly resounding information here which help us predict some possible future price movements.
We can see our moving averages have have respected our fib levels and are converging just perfectly in time here on our daily...
Ethereum overdue a correction here after great bullish move. Expecting it to retrace to these confluxing areas of support and fib levels. Worth noting that this retracement may also play out more shallow as bullish sentiment begins to creep back into the market.
Just about to complete ABC corrective pattern of wave 4 - 8400-850 target for completion.
Fifth leg of C wave will find its way to horizontal on trend line support at 7.2-7.3k.
This type of correction must precede any real and natural future uptrend.
ICX starting to approach breakout. Price action squeezing into falling wedge pattern, long play opportunity as illustrated, break of support would signal further retracement, break out of wedge pattern will signal gains in the regions of 40%. Very good risk to reward. Waiting on volume.
Currently experiencing the always deceiving top of a B wave.
BTC will bounce back down from previous resistance and retest 8.8k provided the .5 fib provides ample support, before then trying another impulse wave up. (which i believe will fail)