Wetdog544

Wetdog544

All I can say is Just Don't. I know there are many disciples of #XRP out there but until this coin stands up to its potential rather look elsewhere. There is absolutely no TA in the world that can in any positive way be used to show any growth on this coin in any way.

Wetdog544

1) #NXT broke out of its long downward slide on 20 March. A Gann Fan was used to confirm the breakout and on 22 March and 23 March #ETC tested the 2/1 Resistance of the Gann Fan and on 24 March #NXT broke through the 2/1 support (see previous analysis listed below) to start its upward trend. The first observation is therefore that #NXT is now moving into a Bullish...

Wetdog544

#EOS has finally broken out of a long slow decline. It smashed through the resistance and from there rose 38% before retracting slightly. Back on the rise the RSI is above 50 and climbing. The MACD has moved across the zero line and is climbing. The Bollinger Bands are opening up indicating price volatility and trading volume is on the increase. The current rise...

Wetdog544

#ETC started this week very Bullish and followed a perfect Elliott Wave to rise 23% over two days. After that #ETC moved into a correction that has now become a very Bearish Descending Triangle and have retracted 12% in the last three days. Bear Trends typically break downwards and with the trend on weekends for Altcoin prices to fall we can expect either a flat...

Wetdog544

Like many of the Altcoins ARDR has been in a long slow decline. The bottom support of 0.0000300 BTC have been tested a couple of times and seem to hold. During the last four days ARDR have forming a Symmetrical Broadening Wedge which is an indication of increasing price volatility but no indication of direction as these wedges can go up or down. The Bollinger...

Wetdog544

IGNIS has been in a long slow decline since the coin's airdrop at the beginning of January 2018. There seem to only be 5 exchanges in the world that hosts this coin so there is not a lot of volume. Any price movement whether up or down will therefore be long and drawn out. For the last 5 days IGNIS have been consolidating which can be an indication of an impending...

Wetdog544

ETC have been following a perfect Elliott Wave pattern. After the initial five waves ETC had a corrective ABC wave and again with a textbook 50% retraction to 0.0217 BTC. Now on the next wave and using the previous ratios the estimate is that wave 5 will move to 0.026 BTC by Friday close of business. Weekends are notoriously bad in the Crypto trading world so...

Wetdog544

NXT eventually broke through the Resistance in an upwards direction after following a very long descending wedge pattern. The Gann Fan is now used to confirm this breakout. NXT passed the first test by crossing the 1/1 line. The next test is to see if NXT crosses the 2/1 line. At that point the breakout will be confirmed and you can decide what investment, if any,...

Wetdog544

NXT seemed to have broken out of its long downward slide. It was showing Bullish signs i.t.o. a Falling Wedge pattern where it tested the Support and the Resistance 4 times each. To test whether it is a breakout I am using a Gann Fan. What we are looking for is that the price must break through the 1/1 line and after that through the 2/1 line. Only at that point...

Wetdog544 Updated 

ETC has increased in value very nicely and followed a Classic Elliott Wave patter. It seems that ETC is now in the ABC Correction phase with price to drop to around 0.0022 BTC after which we should continue with the upward trend to get to 0.285 BTC in the next leg up by Friday 23 March.

Wetdog544

ETC has been moving along a perfect Elliott Wave for a few days then moved into an ABC correction. The target is still around the 0.0220 BTC before a turnaround to start the next leg up to around 0.0285 BTC by Friday.

Wetdog544 Updated 

ETC seems to have turned around and heading for where it rightly belongs. Currently on leg 5 we are likely to see an ABC correction at the 0.00245 BTC range. Remembering the rules of the Elliott Wave: 1) Wave 2 never retracts more than 100% of wave 1 2) Wave 3 cannot be the shortest of 1,3 or 5 3) Wave 4 does not overlap price territory of wave 1

Wetdog544 Updated 

Looking back from the start of this coin one will see a clear cyclic movement in its pricing. On the Graph we can see two cycles plus one and a half cycles (projected). The bottom point of the most current cycle suggest that next week around 30 March 2018 the price should have reached its all time low and start the next 85 day upward cycle. Now could be a good...

Wetdog544

NXT is currently in a Falling Wedge patter. This is a Bullish pattern beginning wide a the top and contracting as the price moves lower. NXT has tested the resistance 4 times already and the support 4 times. NXT is not a fast mover but with it reaching the middle point of the current cycle on 30 March and with this falling wedge you can watch for the upwards...

Wetdog544

#LTC is forming a Symmetrical triangle. The RSI is under 50% and going down. The MACD is below zero and going down. It is likely that #LTC has still not seen its low point. It would therefore not be a good idea to trade with #LTC at this stage as there is likely a further break down of the price towards the bottom of the triangle.

Wetdog544 Updated 

Since 14 Feb #ETC has been playing ping pong in a very symmetrical triangle pattern. The symmetrical triangle (also known as a coil or isosceles triangle) occurs when there is a downward sloping resistance line and an upward sloping support line that meet together at the right side of the pattern. Technically, for the triangle pattern to be valid, the support line...

Wetdog544

#ETC is following a Symmetrical Triangle pattern which is regarded as a period of consolidation before the price moves beyond one of the trend lines. It shows the price fluctuations where each swing high or swing low is smaller than its predecessor. #ETC should next move in a downward position to around 0.0033 - 0.0030 before turning around in preparation of the...

Wetdog544

Since breaking out of the descending wedge #ETC have three times tested the new resistence and twice tested the new support. Looking at MACD and RSI #ETC should break upwards and form a new resistence.