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APE 3 NEXT MOVES PREDICTION BASED ON ELLIOT WAVEIf there is one thing I love about APE it is the way it respond to Elliot Wave analysis. Wave 1 ending at $17.298, wave 2 respected the Fibonacci retracement level of 0.786% at $9.505 then consolidated forming the a,b,c,d,e corrective Elliot wave 2. After breakout we see the 1.00% Fibonacci Extension perfectly at $19.580. (now this is where the trap occurs most time this level are not perfectly respected they tend to poke out a bit) and that is why I have set a tight stop loss above $19.580 but I am confident based on how APE has been respecting these levels perfectly. And yes this is what I love about APE! Furthermore the next retracement downward (you can take a short position at set target at ($17.150 - .120). If APE continue to behave nicely as it has been doing then we will see upward movement from ($17.150 - .120).
by DewyCandles
Golden Pocket Retracement to $380 for Monero! 🚀🚀🚀Hey Traders, As you can see, the Weekly Candles of XMR (Xonero) reveal a Falling Wedge pattern via the bodies. After a large downtrend, the 0.618 level from the peak to the trough is the most common retracement zone (AKA the Golden Pocket). The price breakout out of the falling wedge is also set near $400 (based on the first impulse-up move within the pattern). The ABCDE Elliot wave is not that accurate so it is just for show... Tp at $380 Another reason why XMR recently pumped is that an exchange had someone's balance on paper, not actually in reserves. So someone with a very large amount needed to withdraw so the exchange bought the XMR all at once in order for the person to move it. This was a coordinated move by the Monero community to test the exchange's reserves which ultimately proved correct. Safe Trading, -Pulkanator
XLong
by Pulkanatir
6
Falling Wedge- Bullish (Long) - UpdateBeen a while since I've posted an update on ETH, starting to catch my eye here as it continues to sell off for potential long entries. ETH is holding quite a large falling wedge here on the daily timeframe but also is testing a long-term uptrend line. ETH is also seeming to be following an ABCDE Elliot wave so will be looking for a potential bounce or breakout after completion. (correctional wave, however, if at the end of the E wave there is no demand on the buy side, there will be no breakout). Lastly, something certainly worth noting and keeping an eye on the weekly timeframe- a bearish bat harmonic pattern is formed and currently playing out (See Attached Chart Below). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on in the meantime- Bearish in the short-term but bullish in the long-term so will be watching closely for potential long entries, all previous charts are attached below - Falling wedge on the daily timeframe - RSI in oversold territory on the daily timeframe - ABCDE Elliot Correctional Wave playing out - Bearish bat harmonic pattern on the weekly timeframe (See Attached Chart Below) - Declining volume on the weekly timeframe (See Attached Chart Below) --Weekly Timeframe-- --Previously Charted--
KRAKEN:ETHUSDShort
by jacobosiason7