when in doubt always take a step back and try to find your place in the bigger picture. Here is what I see for EOSUSD pair.
Currently we are correcting for the wave 4 within the parallel channel. We hit to 38.2% retracement of the wave 3 and the 1:1 extension for the ABC. It is an important confluence zone. We are oversold on the H1,H2 and H4 time...
it is not a favorite coin but hey traders don't care. XRP is about to finish its 4th wave and getting ready for the 5th. The 4th wave is a symmetrical triangle and also making a very nice bull pennant if you use the classical charting. Both fibs and the flag pole give the same target of 0.86 USD which is close to 30% return.
while we all focus on Bitcoin, LTC has broken out of the descending wedge pattern and now heading towards the upper limit of the descending channel.
Notice the favorable Stoch RSI and long term RSI support line. What we need is a little support from BTC hopefully.
This is not your financial advice of course,go do your homework.
chart is clear, the uptrend line has proven to be jumping board for ETCUSD pair, each touch, which are at higher lows, is followed up with a strong bounce.
The chances are that we will see another strong move up from ETC.
No trading advice, just follow closely and make your own judgement
This is an update to my earlier idea which is linked below. I have refined the lines and adjusted the timelines.
We have the wave D of the ABCDE triangle completed thanks to not only the BTC rally but also the ETC price increase as well if you check the ETCUSD pair. Next is the wave E. However keep in mind that there is always the possibility of not completing...
Here we have ETCBTC pair on the 4hr time frame.
I try to make charts as simple as possible with clear trends. The first wave has been completed and now the wave 2 correction, which is forming a nice triangle. Currently, the led D is being worked on. After the completion of this triangle the Wave 3 will start and possibly it will be an extended one. However I...