BLZ previously had a 26 day accumulation period with a massive move upwards. It is almost approaching the same timeframe and starting to break out of the triangle. With a small market cap this can move very quickly. Bluezelle has some interesting folks behind it from Disney, Sony, and EA. Bluzelle is backed by industry funds like NGC, Hashed, KR1, and Kenetic.
Everything is pointing to high potential on this one if it breaks the $7.10 resistance area.
Bullish penant, triangle breakout. RSI Daily below 60 leaving plenty of room. Stochastic pointing up, sell volume diminishing, MACD about to cross over. VWAP increase on red candle. Wave 1 = $0.81 Wave 3 (1.618 X Wave 1) = 1.31 (1.57+1.31) = 2.88
MACD showing imminent crossover, seller exhaustion approaching. Bullish flag. Triangle breakout. Stochastic RSI turning upwards. RSI with plenty of room to run.
A lot IFs but the movement is heading towards some very positive catalysts: EMA crossover, upcoming possible breakouts, stochastic upward movement, and MACD showing sale side reducing.
"DeepBrain Chain is the world's first AI computing platform powered by blockchain, standing at the intersection between AI and blockchain". Last time around DBC sat for 58 days and made a huge run. With the inflows this time, seems like we are primed for a huge move. RSI starting to move up, above EMA10, MACD crossover and nothing but green bars for days. Get...
As I try to understand more about Elliot Wave, if the math hold true, this should see over $1.50 in the near future.
All on the chart. META is sitting above EMA10, looking positive. Supports have been holding. Will follow the week and then zoom out to a weekly chart for a review.
Still much for me to learn on Elliot Wave theory, but the numbers seem to be holding within the pattern. Wish I were better at breaking down each wave so I had a better understanding of smaller movements, but I suppose it just breeds more patience.
While awaiting the FED meeting, earnings are rolling in to drive the market up. The earnings can't be sustained against a backdrop of higher expenses everywhere. This falls very hard once heating bills come in.
Daily seems to be forming the same. BTC is having a hard time with the resistance. We dropped below EMA10 which usually has us dropping to test other EMA levels as support.
If wave 1 was the smaller move earlier this year and with all the products in the pipeline I can't imagine anything other than that, this looks to be the trend.
Wave 1 and Wave 5 equal lengths. Appreciate any feedback from those experienced in Elliot Wave theory.
This thing is wedged in like a container ready to pop.
Having had the day to try to recover some loss, looks like BTC is heading down. If LTC is any indicator, I would think we will see an 11% (-another 6% from here) drop before long. Whether there will be a bump up, I'm not sure as of yet because there are a LOT of longs, though shorts are picking up. I don't see it being that we're on a downslide.
Reaching a bottom, accumulation. Like other alts, set to go up. Coin has an incentive rebate to users, and an existing app on iphones to be able to pay in crypto. Much easier than say paypal.