Zen is forming a nice bottom formation on the 8hr time frame. There's a lot of bullish divergence at this level and I'm seeing the .618 as a nice target to stop out the shorts. $8.75 is the resistance level I'm keeping an eye on. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
CVX is looking bullish after confirming a micro bottom on the 8hr time frame. I see a lot of bullish divergence here and this can pump hard from here. I'm targeting the .786 fibonacci Level. It’s time to moon. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
GLMR has a nice temporary micro bottom pattern forming along with a strong bullish divergence here. I'm targeting the .618 fibonacci level and we have a lot of liquidity to grab around there. I feel really confident about this playing out. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones...
Based on my analysis, this seems to be the top of the right shoulder. My target is the .618 Fibonacci level down at the neckline. I expect a small bounce at the .618 level, but it’ll be a bloodbath if the neckline doesn’t hold. This could take a couple of days to play out so be patient. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD ,...
Flow has been on a wild bear run for awhile. It's extremely oversold and I see it finally bouncing here. Flow will test the .236 Fibonacci level before going any higher. My target is the .618 Fibonacci level because there’s very weak resistance at the .236 level. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and...
This bull flag is looking really bullish and it's been holding strong. We could easily take out the shorters with stop losses with an impulse buy. The height of the pole is calling for the 1.618 fibonacci level. I see Magic pulling this off. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones...
Bit has been on a run, but this formation is starting to look concerning for people who are longing this. This looks like a top pattern and I'm expecting a fall down to the .786 fibonacci level. I'm currently shorting it and I feel very confident about it. Let it fall. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and...
CRO is insanely oversold right now. CRO is showing strong signs of a reversal and I'm seeing CRO going to the 1.618 fibonacci level. CRO is one strong buy from breaking this weak resistance. CRO will move fast this weekend. This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
I expect CHZ to retest the 1.618 Fibonacci level which was the summer low. We have a strong weekly bearish divergence along with a Wave 5 Elliott Wave top. I entered a short earlier today, so I’m able to play this out comfortably. As always, I will ladder more into my position and be ready for any move. This chart based off of The Elliot Wave Theory, Fibonacci,...
First, I’ll explain my first reason for the low targets I have labeled. The height percentage from the head to the neckline is about 29%. A 29% breakdown from the neckline gets us to around the highlighted range which gives us an overall drawdown of 62% from todays price. The second thing I see here is the H&S pattern playing out along with topped out candles at...
They're trying to fool the majority by creating this false bottom at 17k. The real strong support is at 13k and at 9.6k. That is the area where the small minority will accumulate their Bitcoin. They have been milking the money out of retail by creating a false bottom at 17k. They will dump is so low where they will liquidate a lot of longs along with flushing out...
Gala is testing a very weak resistance and it’s about to break my first EMA. This break could be fast considering the lack of resistance here. Momentum and RSI are also showing strong bullish divergence on the higher time frames as well. Gala has about a 20% upside move after its weak resistance is broken. Y’all can wait for a break or ladder into a position.
I am currently away from my computer, but I had to bring this coin to your attention. Raven just hit a strong weekly resistance level and the daily looks like it’s ready to retrace. We have a strong bearish divergence playing out. This could get bloody very fast. My target for a Wave 4 move is the .618 fibonacci level. This chart based off of The Elliot Wave...
Ada has been in this tight wedge for quite awhile and its been bouncing off the bottom of it. It just hit a fibonacci level that could trigger a bounce to the top of this wedge. If that bounce happens, expect Ada to test the resistance I have labeled. Keep in mind that this is still a bear market, so don’t be afraid to take profits if you see the market...
Mana has a bullish Inverse H&S at the bottom of a downtrend. The height percentage of the head has a breakout target of 13% from the neckline. This breakout will test the 0.383 fib level and we will see how price reacts to it. I’m ignoring the .618 and .5 fib levels because there’s isn’t major resistance there. If you want to wait for confirmation, wait for a...
The Law of Diminishing Returns state that there will be diminishing returns, BUT that also includes diminishing downside risk as well. Keep in mind that we haven’t confirmed a close below the previous ATH. We have wicked below 19k but we never closed below it on the Monthly. As you can see here, we have a Wave C bottom at the 17k support zone. BTC has dropped 75%...
I zoomed in on the the 12hr to better show the Elliot Wave correction, but I’m bullish based on the two recent weekly candles. The weekly has formed an inverted hammer candle followed by an unconfirmed doji candle at the bottom of a trend. This is indicating that a reversal is imminent. The bottom of $1.35 looks like the Wave C local bottom. KDA’s only resistance...
Atom is forming a giant Head and Shoulders with Wave B confirming a previous Wave A correction. They gave us another opportunity to short Atom here. These Wave corrections are based off of the Fibonacci levels that date back to Wave 1. Momentum and RSI are showing bearish divergence as well. I believe we’ll hit the 0.618 on this next wave down. This could take a...