pravesh96

pravesh96

My current perspective on EOS is a 5-3-5 zigzag from the ATH. Wave C is coming to end with wave 5 currently in play which is breaking down into an ending diagonal. In the shorter term i believe price could rise to around $7.66 - $7.8 which is between the .382 - .5 fib levels of the move from wave b to wave c. followed by a small retracement for wave E and then a...

pravesh96

#BTCUSD Current count for $BTC i will be playing. A break below the lower trendline could see price fall to 4.8k which would invalidate my scenario however is possible as it is a 1:1 extension of the zigzag currently in play, and around the .786 fib level giving greater significance. chart via www.tradingview.com

pravesh96

From the high of the previous impulse wave at $10,000. Price action has since broken down into five waves, with sub-waves complying to EW. In EW the only correction in which wave A breaks down into five sub-waves is a zigzag. Wave A of the zigzag has completed and now wave B is in play. My current perspective for wave B is that it will break down into a simple...

pravesh96

Wave 5 is now almost complete with wave v now in play, potential bounce from $7800. Entries have been marked on the chart for cautious entries.

pravesh96 Updated 

IOTA has hit the 1.618 fib extension level of wave 1-2 and therefore this could be the end of wave 3, and wave 4 is about to begin. My targets for wave 4 is around $2.2 - $2.1 these are the .5 and .618 retarcement levels respectively of wave 3. In regards to wave 5 i have two possible scenarios either a truncated 5th back to $2.6 which would mean that wave 5...

pravesh96

I believe that ETH will hit $806 which is the 1.618 fib extension of wave 1-2 and will mark the end of wave 3. Subsequently if wave 3 bounces of this target, i believe a likely target for wave 4 will be $720 which is the 0.5 fib retracement level of wave 3, as wave 2 was a simple 3 way corrective pattern wave 4 could possibly breakdown into a more complex...

pravesh96 Updated 

Bearish divergence on IOTA, Price is rising yet RSI and MACD is rising suggesting a small correction

pravesh96

Possible count for this short term correction. target $8500 Wave A completed a five wave impulse wave. Wave B completed a 5-3-5 zig-zag correction of wave A, ending just above the .786 level, supporting the guideline that wave B in a zigzag usually retraces 38-79% of wave A. Wave C currently in play, expected to break down into a five wave impulse wave. A...

pravesh96

Bearish divergence on EOS, suggesting a correction is coming

pravesh96

Scenario 1: five sub-waves down of larger wave C now in play for a small simple correction target of $16 Scenario 2: A break below a 1:1 extension of wave A could suggest wave 3 of a larger wave A is actually in play, therefore a target of $15 Protective stop at $18 which would invalidate both scenarios Scenario 1: would be plausible if wave v of 5 has not yet...

pravesh96

Ethereum -0.65% is currently trending within a channel. I believe that wave B has completed and we are now at the start of wave a five wave down for wave C. Confirmation if there is a break outside of the lower trend line of the channel, however if there is a break of the upper trendline wave B has not yet completed and price could continue to the .786 level.

pravesh96

A break outside of this rising wedge can see a small sharp drop

pravesh96

Signs of bullish divergence on XRP/USD

pravesh96 Updated 

scenario: ending fifth wave diagonal. Wave v of the impulse wave down did not end at the price where A is now labelled as it did not break down into a full five waves. potential entry $606-610 with a target $640-$660 Stop loss at $600 minimum R:R 3.3 Break outside of the triangle with conviction without hitting the lower trend-line for wave e would invalidate...

pravesh96

Five waves Have completed for the first wave A of a zigzag correction. Expect a small retracement for wave B, possible targets are $8900-9200.

pravesh96 Updated 

A full five waves have now completed for Ethereum, suggesting a 5-3-5 zig zag. A possible scenario would be a small sideways retracement to $650-660 for the next 3 waves up.

pravesh96

Breakout from ending diagonal. Small sharp correction about to start

pravesh96

A full five wave have completed, therefore expect the start of a downtrend. This is confirmed by the bearish divergence on both the RSI and the MACD a sign the bulls are now losing strength. A cautious yet profitable target would be around $10 to reflect the current bullish market sentiment