cryptoworldnews

cryptoworldnews

While VEN/BTC hits another ATH, we're looking at what is an ABCDE correction most likely, before VEN has the chance to breakout of a squeeze and make a 3rd wave run.

cryptoworldnews

As ADA starts to form a squeeze and consolidate, I believe it's at the tail end of the ABCDE correction, where we can all but expect to burst another short-term 12345 pattern, which in the long-run is possible for a new 3rd wave All-Time-High. Need to see where ADA ends up in the next 48 hours, most likely in the 4800-5300 satoshi range.

cryptoworldnews

So if we take into account the previous ATH and the absolute bottom that followed and ended the ABCDE correction, we could be looking at a new short-term 12345 Elliott Wave, which might show us a 3rd Wave new ATH. BUT, we will see resistance at the 38.2% Fib values and 61.8% while people that entered on JAN 5,7,9,10,11 take short-term profits. If we have a...

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Re-Entries/Buy Support could prevent the negative trend from happening, because BAT/ETC is currently in a positive trend. So I'm showing a potential head-and-shoulders pattern, if that occurs we might hit the 4500 satoshi value, if 2 negative-trends (triangles) form over 48-hours, BAT could fall into a negative trend overall. If there is enough support for BAT,...

cryptoworldnews

Here is what a lot of traders are looking in ETH/BTC. ETH trying to break resistance into a continous positive trend, while Short-Term Holders/Entries are taking 3x Profit. Resistance is being created, if we see ETH/BTC obtain a double positive trend ABOVE the resistance line, we can start to look at ETH continuing to rise in value before we set some new goals.

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After encountering resistance, profits are being taken as we look for ENG to basically have a double-negative form where the profit-takers are looking for another great entry level. And that's where I think ENG will continue to meet resistance as it becomes oversold and undervalued and starts to make a bullish run.