Here is a chart showing FIB, ascending channel, and other technical indicators for your consumption.
Disclaimer: By no means am I a veteran at applying Elliott's Wave Theory; I am still very much studying and researching my way to feeling more confident. This is a possible price behavior pattern, using EW, and thought it looked very probable. I can see us dipping to the low $130s while it's a holiday weekend - This, in my opinion, will present a great buy-in opportunity.
If you're not already in. Watch for a new daily candle over FIB and/or higher highs and higher lows.
Is SOL going back to ATH and higher? FIB destroyed, ascending channel, destroyed. LET'S GO!
$TSLA target (after 50% FIB support held) is at 55.50% or $741.00
$BTC may be forming a bearish cup and handle pattern on the 4-hour chart. We need to pass the nearest level of resistance (FIB) for more bullish momentum.
Pick your levels, state which dates, and let's see who's right.
FIB 38.2% @ $677.54 - Nice SP action in my ascending channel. High probability that we retest the FIB and make new HIGHER HIGHS from there.
I like $BBIG SP interaction with the center line of the descending channel. Place a tight stop in case it goes the opposite direction!
Wow. With all the compatibility code the team at the Graph is working on to intergrate with $SOL, $MATIC, and other hot cryptos, it's a no brainer that this investment vehicle can pump up 100X, imo.
I am long for a nice gain of ~55% with an exit price of $3.43. There is a large number of options with a strike price of $3.50 which is just below the next FIB level and the 200 EMA on the 4-hour.
However, we want to see it break through the 23.60 FIB. A nice spike in volume and a signal that the MACD is above to cross-over. It's also due time for a cycle change and with the various catalysts on the near horizon, break-out soon.
#GRT Is finding support on the first level of the FIB @ 23.60%. I believe we'll see 38.20% and 50% FIB levels soon as the summer nears an end. First target will be $1.30 with the second target at $1.65 (depending on volume). It's also possible GRT goes parabolics and quickls hits over $2.00 per token.
$207 is the first line of resistance for #LTC to pass before making it to the 38.2% FIB level.
With #Ethereum possibly hitting the 55.8% FIB and the 200 EMA on the 30-minute chart, we could see a nice bounce.
If we can hold the current FIB level, we're looking at a bullish push towards 61.8%. Trade the ranges shown inbetween the grey and green lines.
Immediate first target would be $3,400.00 but I believe #ETH will run past in this next leg up.
We've seen this pattern repeat several times over with Tesla bouncing on the bottom of the ascending channel, providing swing traders a great opportunity for easy profits.