IOTA apparently touched bottom at $0.33, after that started a set of 5 impulsive waves to almost $0.5.
The correction is taking place, and it's looking like a very prominent Bullish Flag. Prices might start an impulse right now breaking with impetus the resistance it is sitting on right now.
In my opinion, the correction is not done, a final wave down could get...
According to the Elliot Wave Principle, every market rise in five waves and corrects in three.
After an amazing impulse from $190 to $972 in five waves, BCH corrected in a double combo WXY waves, labeled in blue.
It all formed a symmetrical triangle set to bust before the end of the month, five new impulsive waves are expected is this count is correct. An...
After getting all time new highs again BTC corrected and is now looking to get new highs again, it's forming now a prominent ascending right triangle with minimum target of $6,330, the pre fork mood is still pushing an exhausted bull.
Resistances: $6000, $6111, $6199
The more it rises, the harder it will fall. Protect your profits!
IOTA is forming what it looks like an Ascending Right Triangle with a minimum target of $0.52
It first needs to complete an ABCDE Triangle, A and B are done, i marked a possible path for the price. There might be a bullish wick before the impulse, probably at the end of E.
Let's see how it plays.
Here i present my primary count for IOTA! Looks like a textbook double zig-zag.
Apparently we are completing the 4th wave of C so the fifth will complete the WXY pattern. A prominent H&S pattern could mark us the end of C, being a great entrance for this crypto.
Wish you great profits!
From the Bottom at $3000 you can count 5 waves up, after 5 waves up we can expect 3 waves down.
What is concerning is the bearish ending diagonal in the form of ABCDE pointing upwards, making a very bearish sign. Prices made a bearish wick and that support could take us to a new high, but at the end of the day everything leads us to a selloff, will it happen now...
IOTA found its bottom at $0.3633 in the very beginning of September, right after that it has a very nice 5 waves impulse all the way up to $0.75 (Wave I) after that an ABC correction to $0.37. (Wave II)
A new impulse began mid September from the bottom of II to $0.61 making the first wave of a (Wave III)
Now we at looking for the end of what i think its an...
New ATH on the table for Ethereum (ETH) as the price is forming a prominent ascending right triangle with a minimum target of $406.
After a 5 waves impulse from $197 to $300, ETH corrected with a complex ABCDE triangle which is expected to complete a higher degree Wave II at also $300 approximately.
Actually a break of the support trendline above $285 could...
The minimum target would be $3978 measuring from the top of the head to the neckline and adding it from the neckline to get the TP target. I'm looking for that short to complete an ABC correction for BTC.