Wave 1 is clear, as it’is the beginning of AMP life in Coinbase.
Wave 2 is clear, as first retracement has been currently developed.
Wave 3 is 1.618 of wave 1 45% of times. If not, then will be bigger.
Wave 4 is a retracement to Fib 0.5 of wave 3 60% of times, and this exactly coincides with our ATH.
Wave 5 usually is replica of wave 3. If not, then it’s...
We came from a clear raising wedge while RSI was showing bearish divergences. This evidenced a necessary correction before continuing upwards to new ATH.
The correction is now in progress developing a beautiful falling wedge. This wedge will offer entry points around ~44k before turning upward again in Jun.
Double bottoms behaviour at RSI supports this predicted...
Currently we are at top of B corrective wave (and right shoulder) of a full EW pattern in formation since April 26th. If that's correct, we will se a new pullback to kiss ~0.618 fib and EMA 100, around $1.53.
Decreasing volume and bearish divergence support this pattern.
Cardano will be at Coindesk Consensus...
DeFi token with great potential, in production payments use case with +40k merchants in the USA accepting Flexa based payments.
Partnership will Coindesk and big visibility at next Consensus congress 26th May.
Currently only available at Gemini: big increase potential once listed on major exchanges.
Strong development and fundamentals.
DeFi & SmartContracts blockchain created in Asia.
At the bottom since 2017. Since January 2021 is increasing its token value: BOA
Very good opportunity in the mid and long term. Huge value rising potential.
Big correction in place to next new ATH . Bearish divergence at daily announced this scenario days ago.
Short term players: calm down and take advantage of next moves. Take your time to define your strategy.
Long term players: next big move will come at May around 43k. We need to wait till then to have more information and take positions.
In God we trust
Correction to ~$1.20 before next pump to $2 is announced by indicators at 4h graph:
- We are at top of wave 3
- Bearish divergence is revealed at last two peaks
Buy at -1.20
Sell at 1.94
Pattern from 21th to 27th Dec is been replicated now: since 29th to 3rd Jan.
If pattern is confirmed, XRP should reach 4.6 USD this weekend.
That's not a real target, but it confirms that now XRP is bullish
Orderbook will limit the roof, between 3 and 3.5 USD IMO .