This upper trend channel line is well tested and gives good support for the next upmove. This upmove will be strong since a long established channel will be left. The situation reminds of ethusd correction in autumn on a larger time scale. The present dash corrective move is a triangle, we are in wave e, which itself has an abcde pattern, which is almost finished...
There seems to be huge upside potential with this datusd, who may be seen as a smaller brother of iota. First, resistance at 0.35 USD has to be taken out.
Wave 3 of 3, nice fibs, the handle to the cup is almost finished (which is better viewed in a candlestick chart). Real nice setting.
The image of an inverse shs becomes more and more blurred. Anyway, the indicated trend channel might be important and an reversal therefore soon possible. First a dip unter 0.008 is possible.
Factom is trying to leave the green channel a second time. This time the chanes seem to be better, since we have a less stretched RSI and the price development might have a lot more power since it originates directly out of a corrective pattern. If FCTUSD succeeds and tests the upper border of the red channel, this would mean a tenfold increase until spring.
First, xmrusd should visit the green trendline (with a bit of overshooting, I suppose). Afterwards a rapid uptrend is likely because it is high time to revisit the red upper trendline - the last time xmrusd touched this line was in summer 2016. A possible target might be a tenfold increase of the present price until early summer 2018.
In addition to the eatlier btcusd analysis from today: Trendline crossing and 50% fib retracement may indicate a possible target of the triangle/wave 4 at end of jan 2018 around 12500 USD.
A abcde corrective triangle during Jan 2018 is possible. Afterwards a last wave 5 could unfold, which should be elongated. Target around 50.000 USD. Afterwards: a powerful corrective move of the ascent since summer 2015. Possible target: 15.000 USD
These trendlines seem to make sense. A second dip (as c of an abc correction) to the central pitchfork line is possible - 10 $. But this is less likely because we are in a 4th wave correction of one minor degree and this works out as a nice triangle, which is typical. Afterwards wave 5 may be expected which should end at around 50 $ in January.
38% Fib, trendline support. Gaps to be filled. wave 3 of 3 might start right now.
A 68% correction of the downmove could be appropriate given the successful retest of the decisive trendline and supports. Afterwards, the future is less clear. At this moment noone can say whether the general downward movement from the beginning is corrective as indicated (abc) or if it will turn out to be impulsive with lower lows to follow.
That was a deep correction of more than 80%, which often happens with wave 2. So now wave 3 should start with huge upside potential.
RSI nicely relaxed. price couldn't leave channel. Falling trendline surmounted. Gap (see lens) waiting. c was 50% of a, so an abc correction is possible with great upward power regarding this small c. Otherwise, the downtrendline could be tested, then we get an abcde triangle correction. After the correction is over I think we might leave the channel. Perhaps a...
Inverse SHS was triggered, and backtestes in the flash crash yesterday. The nstant reversal shows bullishness. Now, price will go up to the point where the neckline mirrors the price low. Then, an ATH will be reached and an further advance correxponding to the big pink arrow may be expected up to 0.4 ETH. The green channel seems to be significant and a second...
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