This could be a good buying oppertunity with trendline support (backtest of the upper blue trendchannel line) and 50% fib retracement.
One day, years from now, this moment may be seen as an epic buying oppertunity at the start of an elongated wave 3 of 3 of 5. Note the interesting internal red trendline - price just dipped there. Of course, taking such oppertunities means taking the corresponding risks. (2'' should read 2', sorry.)
Now what the hell? Nice relaxation of RSI. Where das this carnage stop? On near view, this is not so much of a carnage, but a healthy correction. The internal green trendline may signal a stop of it, since this is the price area of the preceding 4 of one minor degree (4''). If my count is correct, we have a correction of over 50% as wave 4 now, which is generally...
This is an update of the analysis of Nov 22. The upper trendline seems to be significant since prica action is inhibited there as assumed. Anyway, at the moment the crypto hype is so strong that its possible that this line may be overcome - a this moment we still only see a backtest. But if the price of XMRUSD goes down a bit more and we see a reversal pattern a...
The successful retest of th blue horizontal line was wave 2. Now we are in wave 3. There might be some struggle with the horizontal resistance (pink line). This would form the corrective wave 2'. Afterwards price action would enter wave 3 of 3 with a very impulsive upmove.
Now what the hell is this. LSKUSD already rushed two times from the bottom to the top of the trend channel and is likeley to do this a third time now (red lines). I expect the price to overshoot now on the third attempt and go up to around 32 USD. Afterwards, a more sideway correction as a 4th wave could be appropriate to relax the RSI before the price enters...
The end-of-year rallye is accelerating, indicated by the steeper and steeper trendlines. If BTCUSD keeps the present pace, we aim at 27.000 plus on new year's day; but if an even steeper trendline follows now - which is to be expected - price may rise to more than 36.000 USD
if small 5:3 = 3:1, then the target of 5 may be around 40 USD. That would form the big 3, so a big 5 is coming afterwards. Thick red line seems to be important. It was successfully backtested so the way up seems to be free.
The thin red trendline forms the core of the pitchfork and my serve as (a very rough) guide to future prices. This would mean a six times increase until summer, and then again a six times increase until winter 2018.
High upside potential, around 1000 USD in June 2018 is possible.
Upper trendchannel line is likely to be visited after breaking the indicated resistance at 40 USD; maybe around 500 USD (Mar 2018?). A short term target (Jan 2018?) may be 115 USD.
After a long and deep correction the bow is stretched to the limit. Now we are into wave 3 of 3 and huge gains may be expected. First, an important resistance at 3,15 USD has to be broken (blue line).
We are in uncharted territority. Anyway, trend and cycle analysis may indicate the aim of the present impuls. This impuls is quite strong and no RSI divergence is present. RSI is still not as much stretched as it was in the past. Therefore this explosive movement may have a local top in march 2018 at around 140.000 USD as its target.
A third attempt to leave the red trendchannel is on the way with a good probability to suceed, since weekly RSI is much less stressed compared to the second attempt. A suggestion for the next relevant trend channel is drawn in blue.
The last wave since Nov 2 (red vertical line) shows nice Fib relations and RSI shows bearish divergence. Therefore a fallback into the blue trandchannel to 700-800 USD is likely before the price of dash leaves it for good to aim at the upper green trendchannel line, which will happen anyway in my view. But if DASHUSDT can leave the blue cahnnel now on the first...
The next local extreme could be expected already in second half of december at around 1000 USD.
The next local extreme may be expected in the middle of february 2018. Hopefully it will be a local high as a new trendchannel may be formed. The target would then be around 4000 USD, which leaves me wondering and pondering.