ZEC is displaying an inverted cup and handle pattern, which also fits the Elliott Wave count of wave C. It is a small cup and handle so the correction would be small too. After the correction, we could see targets of 800 assuming wave 5 exceeds wave 3.
BTC is forming a rising wedge during a time of correction. The rising wedge is a reactionary wave, which is a correction within a correction that it goes with the direction of the motive wave and overall trend. The price will likely to plummet further when it breaks out of the wedge. Also, the RSI is starting to flatten out and curve down, and the histograms on...
BTG just started wave 4, and it will experience corrections for the next few days (or hours) before the next surge. According to Elliott Wave guidelines, wave 5 will likely be extended when wave 1 and wave 3 are the same length. With a conservative 1.272 Fibonacci Extension, we get a target of $544. $600 is totally within the horizon. Also, the price is unlikely...
There is a bullish divergence on the RSI and a crossover on the MACD. Also, according to the Elliott Wave count, the correction phase is now over. We could see 22k in the next few days and 25k soon after. Sometimes a simple chart is just as efficient as a complicated one.
Ripple just finished a 5 wave impulse and will likely continue to experience corrections. Wave C, assuming an ABC correction, could bring Ripple down to $0.94 or more. My Elliott Wave analysis is confirmed by the bearish divergence on the RSI. However, I believe that this is just the beginning, and the corrections will give us a great buying opportunity for those...
According to the Elliott Wave count, ETH just finished sub-wave 4, meaning ETH will start another short impulse and hit $920 soon. The price could easily go over $920 to around $1000. However, keep in mind that ETH is just finishing up the last sub-wave of wave 5. During the correction phase afterwards, ETH could lose 20% of its value or more! Nonetheless, after...
RSI is showing bearish divergence, and BCH already had 3 peaks in the rising parallel channel. BCH could experience a short-term correction.
ADX just broke out of a giant falling wedge and is about to start a new uptrend. A falling wedge indicates that the bears are trying to push the price down, but there aren't enough sellers. Without sellers to keep a lid on the price, the buyers takes over, and the price skyrockets. The same pattern is occurred with so many other small cap cryptos, and the price...
BCH is forming a symmetrical triangle, and we are at the very tip of it. That means that correction is almost over! When the wedge formed between August to October, the price exploded afterwards! We are now forming a very similar pattern. There is no reason to think that the same thing wouldn't happen to BCH. The RSI is showing the same thing. The RSI is forming...
Ripple is forming a very obvious cup and handle pattern! The cup curves almost perfectly, and the volume has a similar shape. Moreover, the Elliott Wave count also confirms my analysis. XRP finished a 3-3-5 ABC correction and completed waves 1 and 2 of a new impulse. Since wave 3 is usually longer than wave 1, the price could reach 50k satoshis assuming just a 1...
If you are going to tell me that a double top pattern is forming, then you are very correct. There is an obvious double top forming, and I can see that. The RSI, MACD, and EMAs are also bearish, and I can recognize that too. Call me crazy or whatever you names want, but I still think Ethereum can go even higher in the short term. I base my analysis primarily on...
Dogecoin is currently forming an extremely bullish falling wedge, and the price just broke out of it. The bears are trying to push the prices lower for the past month, but couldn't push it any lower. That means the bulls are about to take over and drive the prices to the moon! If you look at the past, each time a falling wedge is formed, the price exploded. The...
Bitcoin is obviously starting to flatten out and lose momentum. The MACD is showing bearish divergence; Bitcoin's price is rising, but the MACD isn't getting any higher. That means that there are not enough buyers left to push the price anymore. The lack of buyers is further shown by the declining volume. Each sequential spikes in price had less and less volume,...
It may seem like the price growth of Ripple is unsustainable, and we may see steep corrections for days to come. However, I believe that we will one more surge before we experience steeper corrections. By drawing Elliott Waves, we see that we are only on wave 4! That means, we have one more wave to go. In fact, we just finished an ABC correction and might even be...
BTG has been downtrending for quite a while now and has completed its 3-3-5 flat ABC correction. The correction also formed a bullish falling wedge, accompanied by falling volume indicating falling selling pressure. We had a very strong bounce on Dec 7 of the support line of the falling wedge, possibly setting up for wave 3. According to Elliott Wave rules, wave...
The price of Bitcoin may seem messy, but I drew the Elliott Wave count and now we know exactly where we are. We just finished a WXY correction. In fact, we are on the absolute last wave of the sub-sub-wave. That means the price of Bitcoin could explode any second now. Also, we are hovering over the 1 to 1 Extension at 12800, which is a key support area and the...
LTC just finished 5 Elliot waves on the 1 hr, 15 min, and 5 min chart. imgur.com In addition, RSI is overbought at 80 and is showing bearish divergence. The decrease in volumes mean a decrease in the number buyers. Once there are no buyers the bears take over and push the prices down. The uptrend is obviously losing a lot of momentum and will likely experience...
We recently completed 5-3-5 zig-zag correction (ABC). imgur.com Bitcoin tried to start a new impulse wave, but failed (X) and will likely drop more. We get a target buy zone between 12300 and 14000 using a 1 and 0.5 Extensions from the ABC zig-zag. With a 0.618 Fibonacci retracement of wave 3, we a get buy target of 12950. The price of Bitcoin may go below 12950...