There might be a chance for an (temporarily) uptrend to start now. BTC is quite oversold, and I like the 3 blue lines indicating a slowing down of the velocity of the downward waves.
Looking at the extreme RSI and the fact, that price has fallen to the area of the preceding wave 4 maybe the low is in. So maybe the present downmove was a correction of the whole impuls until now. The problem with this corrective wave is the fact that although it was deep (indicating a wave 3 to follow!) it was quite short.
Lowest daily RSI ever, trendchannel support in sight...maybe a good time to buy DASH around 250 $.
trendline support, a deep retracement of 78.6%, which would be appropriate for a second wave (in which c=0.5 x a, not shown) may indicate to a low around 4500 USD in september/october. The good news: afterwards a wav 3 of 3 may start.
Yesterday the end-of-day price fell below the trendline for the first time. Today we backtested this line. The triangle in dark blue is to perfect to be true - real triangles forming continuation patterns don't exactly touch their borders for 3 or 4 times. This doesn`t look good.
This may be a nice setting to go long - - 78.6% retracement (which may mark the last impuls as a wave 1 - which hopefully indicates a wave 3 is to follow now) - impotant horizontal support and a trendline support didn't fail - trend channel is still intact - promising RSI setting
Only one time there was an equally low RSI: in december 2016. That would have been a great time to buy -as it may be now. Presently, the downmove can be counted as an zigzag (with very nice internal fib ratios) to the region of the preceding 2 of one lower degree - which is often the case after elongated fifth waves. All in all, the present downmove retraced more...
A corresponding analysis to the one a few hours ago. Target would be 63 USD, if c is 0.62% of a. It is still possible to count the move since the low at 63 USD as a wave 1 followed by a wave 2 (as a 50% correction of wave 1, which ended at the point designated with a small b). But this count doesn't look very nice. It is most important to cross the 120 USD...
The green resistance lines were to strong for the price to break through on afirst attempt, but the red support lines and the overbought RSI ( and 50% fib RT) may sign an end to this dip.
Target of iSHS. Price is above downtrendline now.
This might be a turning point: higher highs, important red resistance/support line, 62% retracement of wave 1', bullish wedge. Next target of wave 3' might be 2,8 x wave 1' = ATH
1=0.78 x 3, 5=0.5 x 3 lower trend channel line, 24% fib retracement and EMA 200 give support. We also see a small volume spike. Problem: the correction would be very fast and very shallow. So the present move might only be the a of an abc correction and b and c might follow and lead the price lower (to 9600 or 9000 USD)
A very bullish chart. SHS Formation, price topped EMA 50, nice RSI setting. Wave 3 of 1 of 3 of 3 is about to start. Count 1-2-1'-2' makes sense (opposed to 1-2-3-4) because of the two deep corrections of more than 76 %, which are both typical for a wave 2. Next target (1'') is the area of the ATH (0.02 USD, march).
Bearish RSI Divergence an a big bearish wedge. Perhaps ETHUSDT will reach the upper red line again but won't be able able to take out the this resistance and will enter a big correction afterwards.
time and price analysis may indicate that the price action may enter a 3 of 3 of 3 now. Next target around 100 USD in march, and 400 in may. The rebranding will help this move.
If the price can climb above the blue resistance, a rapid move higher (3 of 3) is possible. The wave count, the bullish weekly candle (doji) and the pattern of the waves of the last 2 days favour this scenario.
21 is an important double support, which will likely fail; if this fails, next target is 16, then 12,5, then something very low.