TECHNICAL ANALYSIS: After finishing wave 1 and corrective wave 2, the price of the EOS cryptocurrency is still in the impulsive wave 3 growth cycle. The range of this wave can reach the level of the previous long-term high at the level of 0.0023. The growth momentum has slightly decreased in the last few days, so the slight corrective pull-backs will not be...
At the moment, the fourth wave correction (4) can develop in two ways. The first one, marked in green, is a correction scheme in the form of the fourth wave triangle, in which C, D and E are still to be found. All these subwaves should end within the area of $ 16,500 - $ 12,750. Breaking any of these levels will invalidate this scenario for a correction. The...
The Siacoin SCUSD cryptocurrency price has four growth sub-waves. In the current situation, there is one more wave missing to complete the overall wave progression of the higher degree - wave 5. If the 0.0504 level is the end of wave 4 correction, the target range for wave 5 is between 0.1538 - 0.2167. The necessary condition for further increases is the break...
This is no joke. Read the whole analysis carefully. TECHNICAL ANALYSIS: The price has broken out from the falling wedge after completing the complex and time-consuming corrective wave 2. It has taken out local resistance at 0.0003555 and is now heading towards a key resistance zone between the levels of 0.000600 - 0.000700. Breaking the top of this zone is...
The Ripple XRPBTC cryptocurrency made a nice correction of three waves back to the level of the previous wave four of a lesser degree with (a) = (c) equal legs and a stroke of exactly 1.61 level (in line with previous expectations). This is really a perfect configuration in the Elliott wave theory and exactly what we are looking for in trading setups. Currently,...
TECHNICAL ANALYSIS OF TRXBTC CRYPTOCURRENCY: The price of TRXBTC cryptocurrency after three up waves is now in corrective cycle wave 4. From a technical point of view, the shape of wave 4 resembles a flag (pennant) pattern and from the Elliott Wave point of view - a triangle pattern. A cluster of Fibonacci levels, which is the abolition of 61% of the last growth...
FUNDAMENTAL BRIEF: Basic Attention Token radically improves the efficiency of digital advertising by creating a new token that can be exchanged between publishers, advertisers, and users. It all happens on the Ethereum blockchain. The token can be used to obtain a variety of advertising and attention-based services on the Brave platform. The utility of the...
The eBoost cryptocurrency price hits the top with another resistance, as it is currently in the PUMP phase (mass buying). Target levels are marked on the graph.
FUNDAMENTAL BRIEF: Cryptocurrency Neocoin (NEC) formerly known as Antshares, is a cryptocurrency established in 2014. Neocoin is the last replica of Ethereum's smart contracts. It is based on the Bitcoin cryptocurrency specification. Just like the cryptocurrency king, Neocoin works in peer-to-peer technology that aims to provide innovative and instant payment...
TECHNICAL ANALYSIS: The price of the cryptocurrency HSare Coin quoted to Bitcoin HSRBTC remains on a downward trend, despite an extensive downward adjustment of the Double Triple WXY type correction. It is possible that the market will perform another downward wave, thanks to which the WXY structure will transform into WXYXZ, making all the movement even more...
TECHNICAL ANALYSIS: The price of Ripple quoted to the Dollar set a new local high at 3.317, just below 100% Fibo at 3.414, followed by a downward 50% retracement of the previous upward impulse. Level 2.47 will therefore now act as support for bulls. From the perspective of the Elliott Wave Theory, the current growth cycle may not have finished yet, as the...
Just as anticipated, the price of Cardano ADABTC has hit the 261% Fibo extension at the level of 0.00009234. This level might be the top for the wave (3) and if this level is the top for this wave, then the corrective cycle in wave (4) should retrace min. 38%, so the next target would be at the level of 0.00006641. Please notice the wave labeled as (3) might keep...
TECHNICAL ANALYSIS: The price of Verge's cryptocurrency still remains in the consolidation zone, although it seems that the well for Wave 2 was counted at 0.000090 and now the price is trying to hit the top towards wave (A) highs at 0.00001718. Main trend: UP Intermediate trend: UP Daily trend: UP / NEUTRAL (continuation of the correction) Key levels: - for...
As we can see on the 2017 chart, the average correction in BTCUSD was around 35%. There is nothing new in this market behavior to dump that much and then pump up again a couple of hundred of percent. In 2018 the next target might be at the level of $25k or even higher, so HODL is currently the best long-term strategy. Good Luck! :)
ELLIOTT WAVE PRINCIPLE TECHNICAL ANALYSIS: The price of Cardano cryptocurrency quoted for Bitcoinia ADABTC was at an important target level, which is at 161% Fibo at 0.000066. This is the typical range of the third internal wave, so the fourth wave is now expected to be adjusted to local support at 0.000059. Nevertheless, the third wave can be further extended to...
The price of Etherium, has hit some time ago the top line of the downward channel and is currently on the 61% Fibo retracement at 0.063. This is a very important level, because the technical resistance level at 0.0666 is just above it. Breaking the top of these levels and closing the daily candle above 0.0666 will mean a continuation of rally towards the level of...
FUNDAMENTAL BRIEF: "Verge is a decentralized currency designed for those users who value privacy. It improves the original Bitcoin blockchain using many anonymous-centric networks such as Tor and i2p. Utilizing the multi-argorite extraction, it improves security and ensures a fair distribution of coins for miners. "- this brief description can be found on the...
Ripple is already the third largest cryptocurrency in the world. It is a technology that allows much cheaper interbank transactions. In just 7 days, Rripple grew by almost 60 percent. Where does this change come from? Ripple is a technology for bank settlements and financial institutions that allows interaction without a central control center and intermediaries....