This is the revision of one of my previous posts: resistance area magnified. Take care of 0.618, 0.786 and 0.886 levels each.
Do you know one crypto whose council members include Google, IBM, Boeing, LG, and other dazzling blue chips? It's not about a blockchain product: it's about a product of a next-generation distributed ledger technology. Arguably, Hedera hashgraph is one of the most underestimated altcoins. With such robust fundamentals aside, like other alts, it's susceptible to...
BTC hovering above a key level of 20500-20800. Still bearish overall, but a short-term rebound from a double bottom isn't unlikely. Given a diagonal resistance, we could TP of a long at the retracement levels of 0.382-0.618 (or 0.786-0.886 in a more bullish scenario). This is calculated from recent pivots, as indicated by a gray shaded triangle. However, ...
ETH seems to have completed a triangle wave formation (with minor 5 waves). If Head and Sholders are forming, we would see some upside in the daily timeframe that could draw the rightsholder. A typical target of H & S would be FE 1.272 or 1.618 (or deeper). Take care.
BTC has failed to climb up into the green-line wedge. A pullback before trend continuation is suspected. Relatively strong support is expected at about 18300 level: the upper edge of a right-descending parallel channel.
According to the Elliot Wave Theory, a correction wave comprises three minor waves. In the BTCUSDT 1H TF chart, I drew three correction waves- Zigzag(ABC), Flat(ABC) and Diagonal(I,II,III,IV, and V(12345)). All of these waves seem to accord with EW theory, apparently without a violation (if any, please comment below). So we've now got a complete correction...