The final wave of the ending diagonal may have been finished with a massive wick in a candle that held right on the lower descending trendline. We could see some corrective movement to the downside, but I´ll be watching for a swing upwards for a long trade.
My primary count suggests that JASMY is currently in an ABC correction. The lack of RSI divergence points to a new lower low soon. In my trade plan, rallies to the upside are selling opportunities.
As is happening with several other crypto assets, ONE's price action is forming a bear flag pattern. Even if we get a relief rally to the upside, I expect a new lower low below 0.00940 Note that there is no RSI divergence, which strengthens the theory that the downside is not over yet.
Price action is absolutely bearish, and I expect a new lower low soon, even if we get a recovery rally in the short term. The 100% extension of the previous downswing sits at 171.70, which would be my first target.
My updated count shows the rejection from the gray descending trendline could be the end of blue wave C / black wave 2. Nevertheless, there was no RSI divergence, so another leg down is a possibility. I´ll be biased to the upside once we break the purple line (at 22.30).
As with most cryptos, I´m not convinced by the recent uptrend. In Tezos´ case, we have a bear flag in play, strengthened by the fact that there is no RSI divergence, which would be expected if the downtrend was over. Consequently, my outlook remains bearish on Tezos, and I anticipate the possibility of at least one more lower low in the near future.
We got the expected drop to new lower lows (see related idea), and current price actions look corretive (forming a bear flag). There isn´t RSI divergence either. Therefore I expect further lows soon.
My primary count suggests we should soon test June 22´s low at 0.0491, to complete wave 5. The only buying signal we have right now is called hopium. 😏
Recent low barely missed 2021´s bottom (at 0.472). Considering there is no RSI divergence, I still expect further downside. No important resistance or trendline have been broken, so I see absolutely no arguments for buying.
Even though my primary count considers that we would be correcting SHIB´s 2021 pump, I am not comfortable with trading this scenario, since any attempts of successive higher highs have failed miserably. We also don´t have RSI divergence on the daily chart, so that higher probability is that we will still see lower lows, and print new all time lows.
The downside continued as expected and even made a lower low. So, in terms of EW analysis, we could be looking at a flat correction, which would be in the final stages of Wave B. Considering that there is still no RSI divergence in place, I expect another wave down before wrapping up black wave B.
Price has been reacting since early june, but My primary count still considers that we need another leg down below 6.69. To be honest, I´m not really comfortable with the timing of wave 4... but I´m keeping the bearish bias for now and will look for short trades.
The yellow "bounce zone" is holding price, but there hasn´t been a clear bullish event yet. I´m neutral as long as we stay: Below black trendline Above green support. I´ll consider long trades above black trendline with a higher high in place.
The primary count worked out beautifully, and green wave 4 finished in the confluence of green resistance and 50% pullback. Now, green wave V seems to be finished, which corresponds to blue wave 3. I expect blue wave 5 to the downside to begin very soon.
The bullish wave count was invalidated, and the deep dive has continued. Current movement to the upside seems to be corrective, and I expect another leg down, targeting previous 0.168 low. Even if the green descending trendline breaks, I´m not bullish below the gray trendline and resistance.
There's still no reason to believe the downtrend is over on HBAR. Even though price is gaining ground to the upside, I'm considering it to be wave C of wave 4 correction. There's also a lack of RSI divergence, which would be expected in the end of a downtrend.
BNB is in an absolute downtrend in higher timeframes, but a small correction to the upside is underway. I´m considering we´re already in wave C and should see slightly higher prices before another drop. This count invalidates below 238.7.
My current count suggests we´re in blue wave 4 correction. Expect some choppiness / sideways movement. Count is valid as long as we stay above 7.47%.