It does not look too good for bulls, but they are still trying to push the prices higher. The important levels are : $9,538 (resistance) and $8,653 (support). The bullish impulsive count invalidation line is at the level of $8,405.
The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510. Breaking the market above the golden downward trend line is promising in itself and may indicate...
The nature of downward move is corrective so the main impulsive count is still valid. The level to be observed for today: $ 8,438, i.e. the level invalidating the impulsive growth counter due to the overlap of waves 1 and 4.
The nature of downward move is corrective so the main impulsive count is still valid. The level to be observed for today: $ 8,438, i.e. the level invalidating the impulsive growth counter due to the overlap of waves 1 and 4.
The price reached $ 8,438 or 38% Fibo. Possible slight corrective drops. Support at $ 7,506 must withstand the pressure of supply so that the gains are still in play.
Hello guys! This is my latest update on BTCUSD. The first five waves up are now completed and the market has entered a corrective cycle in wave 2/a. It is hard to tell now whether the wave 2 has been completed now, but so far the move down is very shallow. My guess is the wave 2 will deteriorate towards the level of $7,500 before the uptrend will resume. The...
The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price. The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC contracts) caused the price to reach the local resistance level at $ 8,265. This level is the last...
FUNDAMENTAL BRIEF: Cryptocurrency EOSUSD gained over 30% during Tuesday and Wednesday trading, dominating the top of the largest cryptographic tokens. Quotes were testing levels above $ 9 dollars, during yesterday's session being $ 3 dollars lower. As a result, the total capitalization is now $ 6 billion and is only slightly smaller than Litecoin. The price...
The ETHUSD price is closed between two levels of consolation: local support at $ 366 and local resistance at $ 448. An additional depression at $ 366 is also the end of the B wave of a higher degree, so most investors can wait for the upward wave marked in the chart as C. Nevertheless, without breaking the downward trend line around $ 622, all potential increases...
The previous impulsive scenario has been invalidated due to the wave (2) and wave (1) overlap. The current scenario is still bullish, but this look like a last chance for bulls to do their thing, otherwise the bears will push the market below $5,820 support in a no time.
After a very long waiting time to complete the correction in the B wave, the cryptocurrency TRON has finally beat the top, testing the first level of technical resistance at 700. Five growth waves are almost completed, so it's time for a downward correction in which the area between levels 400 -500 will be a good zone for entering long positions. The first goal...
Since the misfire with the conference of cryptocurrencies LISK, where the main event was to show a new logo, the price is slowly but surely overcoming successive levels of support. The last important level was $ 12.00, which was also stamped. Currently, the price is closer to the level of $ 10.00, which falls already in the demand zone. This zone extends between...
There is still a chance for another upward wave as long as the level of $7,700 is not clearly violated, because the ABC zig-zag correction looks now completed. The key level for the upside is still seen at $8,271, so a bullish breakout above this level is required to confirm the bottom is in place. Breakout above this level will open the road towards the next...
According to the newest Elliott Wave Analysis of this relatively interesting cryptocurrency is now rallying higher on a high volume, but there is still missing the fifth wave to the downside. When the last wave down is made, then there will be a potential for another leg up, but fore now cautious is advised on the way up.
The BTCUSD price rebounded from the local support level at $ 7,500 and broken through the local resistance at $ 8,600, a move that was just over $ 1,100 in price. The growth charaster is impulsive so that it is possible to mark this movement as the wave 1. Confirmation of the hole at $ 7,500 will be breaking the level of $ 10,000.
Both levels have already been compromised and the price droped towards local support at $ 7,233. Despite the potential end of the C wave of the ABC irregular correction in the alt: 2 wave, there has not been seen any demand from the demand side yet. Therefore, the price will most likely fall to the level of the previous $ 5,920 support, unless the bulls find...
The price of BTCUSD has hit the projected target zone and now the scenario is really simple: either we will impulsively rally towards the new highs or we are going down to $5,920.
After the end of the C-wave rise cycle at the level of 0.015, the NEOBTC is in the upward trend corrective cycle, which has now taken the shape of a complex correction WXYXZ. The price is approaching the 50% Fibo level of the previous swing up, which is right in the middle of the demand zone between 0.0076 - 0.0090. If the correction cycle is over, then in this...