Looks like we are in wave 1 of 3 of what I hope is a new trend upwards for TRX.
Patterns are showing channels (based on original pitchfork) running upwards for a while. Wave 3 (of 5 of this 1 wave) targets shown in white (ordinary fib levels) and blue box for the high probability 1.618-1.75 range are marked.
If this plays out then expect a correction back to...
It looks to me like we are at or near the end of the 4th wave of an ending diagonal that is the 5th wave of the larger wave 1.
Typical levels for the last 5 wave would be between 0.786 and 1.0 of the size of 0 to 3 as measured from 4. These are the lower of the two white lines.
But....looking at the wave 1 of this structure it formed a similar pattern and then...
I've looked at this one for ages and may have finally found a count that works. Always difficult for me when we have a huge initial spike. Looks like we are in the 5 of the larger 3. May be a bit early for the final channel to be correct but fib level targets marked in cyan with the 1.618-1.75 level marked by a box.
Looks to me like BNB is just about done with the first leg of the correction.
Buy zones marked in green and sell zones marked in red...followed by a good leap up for wave 3.
Always do your own research...I do this for fun :)
Could it really be this bullish....have we not really seen any kind of high degree wave 4 yet...or even wave 3?
Yellow wave 3 target works out at about $38k before we retrace into wave 4 of that degree.
My issue has been the lack of high probability wave 4 retracements to work with and this is what came out of it.
Really am looking for comments here...
Not sure on this one because of that enormous spike in price last night.
Looks to have completed 5 waves down for the A wave. 1 and 4 do seem to overlap slightly but only by a wick, which again makes me wonder.
The top of the B hits the blue box, which is both the 0.5 of the A (excluding the wick) and the 0.618 of A (if we include the wick).
The C wave hits the...
Looks to have done 5 waves up and now I'm expecting a retracement.
Typically between the 0.5 and 0.618 fib levels (as marked). If this is hit (and if it is then I think it will be before the 17th April) then we will see a new ATH in the next wave
RDD completed a bullish move out of a descending wedge and hit the high 90's.
It has now retraced and is touching on the 0.618 fib level (which is 71 sats).
Fib extension hints that we should now see at least a 100% extension (108 sats) and possibly a 1.618 extension (131 sats)
XEMBTC appears to be about to complete wave 2 as it approaches the midpoint of the 0.5 and 0.618 of the recent bullish move.
We also appear to be in a downward wedge on what looks to be the 5th subwave of the corrective C wave
Wave 3 comes next and the first target is a 1:1 extension of wave 1, which puts the value at approx 7000 sats.
It was a reasonable...
This one is a bit messy but there are a lot of seemingly technical hit points in this chart.
You may not agree with the elliott counts (and ignore the degrees that I have used) but we do appear to be finishing a triangle.
If this turns out to be the 2 of the current higher degree then we are about to see wave 3 of 3 and a price explosion. Target i think is the...
I'm not mad keen on this idea because I just can't see decent waves (or rather, have difficulty counting waves in some cases) in the first impulse movement that we are in.
What I think I see here is an ending diagonal in the C wave of higher level 2 and then a leading diagonal in the 1 wave of higher level 3.
I just can't decide where we'll break down to if the...
It looks like we are about to bounce off the major resistance shown at the top of wave 3.
Support at about 9000 matches with 0.618 retracement of the wave 3 impulse with a final impulse going to the highlighted area.