I posted a TA with bearish view, after reevaluating the markets and specially BTC I saw need also for a bullish view which It may actually play out with more possibility . This does not avoid the possibility of Double top, but just a highest probability than price correcting to new lows. Time frame being weekly, and all the lines visible on chart are resistance...
Since rise from 250 level is corrective and wave C stopped exactly at 2.618 extension of A from B, gives me the reason to believe XLM going to lower levels. Two main levels I expect the market find its bottom are on the chart 183-189 . Bullish divergence from mentioned levels would be first confirmation to take the long trade !
Expecting one more leg for ZECUSD to $205-210 levels . This should be end of correction for ZEC .
Expecting drop to the end of wave C . Where we will be waiting . But it will take a little time . "Good things come to whom has patience" !
Wave C underway but would it terminate at A=C or drop continue to break the support! We will see and waiting to catch the bottom any way.
More drop o its way to the blue line zone, which gives good buy opportunity !
It is not important that Expanse been doing large ABCs up and down since her existence. What is important, It is getting close to the bottom. I expect a bounce then drop to the buy zone, which is good entry for holding long trades.
ETH been making complex correction and it is always good to know where you're coming from and where you're going to be. Short trades ( to sell ) are good to take at the end of wave c of B and long trades from 250-264 to the end of B wave at 315.
Expecting larger correction in time and price !
ETH having a complex correction on W4 to 78.2% of wave2-3.