Vibe/Btc Breakout IndicationsHere is my second Technical Analysis using Elliot Waves and 4 Moving Averages. Please feel free to comment if i have done anything wrong or if there are any tips you guys can give me.
From the way i see it, the ABC correction has been completed with a possible startup of the first elliot wave. Another indication I got was the moving averages starting to fan out and position themselves in the proper order for a bullish run.
Let me know what you think!
Elliottwavecorrection
SiaCoin Has Clear Bullish StructureWe are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. BITTREX:SCBTC actually found perfect support at psychological level 0.000004 for wave 4, so we expect more upside in coming days into wave 5 towards 0.000008-0.000009 levels. If from any reason drops below 0.00000278 invalidation level, then we may adjust the view.
ADABTC May Require More CorrectionCorrections are healthy, as they create base for further price rise. Hence, if you know the trend, then you must HODL during correction no matter how steep it may be. It seems that Cardano undergoing a 5-3-5 ABC correction. While Wave A and B seem to have been in place, Subwave v of Correction Wave C is still under play. What does that mean? The price might retrace further down in the next 1-2 days before putting in another impulse for higher highs! It may be a good time to place your buy ladders, as shown by the possible path of Subwave 5 in the chart.
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Chicago Bridge and Iron Set To Gain 66% By OctoberChicago Bridge and Iron makes reading Elliott waves easy. Even though the stock has had a rough time of late, it was a natural movement when wave theory is applied. The stock is set to drop 20% over the next month to month and a half. Once the bottom is found, the stock should gain 66% over the next 6-7 months. More is detailed at limitlesslifeskills.
Lisk #LSKUSD - bad news, paradigm change!TECHNICAL ANALYSIS:
The impulsive wave scenario has been invalidated!
Currently, the best scenario available is not the impulsive formation, but the double zigzag (W) (X) (Y), which ended at $ 40.48.
The reason for changing Elliott waveforms from impulsive to corrective is too many canceled levels and too many overlapping levels. It is not the traditional behavior of the pulse wave, but more suits the formation of the Double ZygZak just. Not only that, this formation can still evolve into the Triple ZygZak, but for the time being there is no reason to do so.
The current inheritance formation WXY is the largest downward correction since the cryptocurrency has been recorded, which proves that the trend and form of the further wave scheme has probably changed.
Without going into details, in the short-term perspective the situation is as follows: there is still a chance for further increases (option of the Triple ZygZak), even with the option of new peaks, but they will not be long-lasting. The most similar to this model are currently the so-called: Pumps and Drops (PUMP and DUMP), which means that the market is no longer in an upward trend (and this option was assumed from the beginning of the impulsive scenario).
In the short-term, the most important levels are currently:
- support at 15.70
- internal trend line at 15.00
- Fibonacci cluster at 11.50.
- external extension of the Fibo level at 8.00.
The current WXY correction is close to the end of the decline at one of these levels.
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Verge (XVG) [ $1.28 ] - A closer look using Elliot Wave Theory We are currently in the 3rd subwave of the 5th subwave in Wave 3 correctional wave. Plotted out is where prices may go in guidelines using Elliot Theory and adjusted to nearest support levels. In order for the uptrend to $1.28 to continue , we must hit lower than .00007747 eth.
Litecoin #LTCUSD - +130% possible after the breakoutThe price of LTCUSD is still trading inside of the corrective zone, between the levels of $230 - $304. In order to move higher in price, the market must break out above the level of $304 first, then test the level of $380 and attack the swing high at $420. The next nice take profit level for the up wave if at $600, which would gibe a +130% for someone who bought the LTCUSD in the correction zone.
Otherwise, the market will continue to move sideways.
Any violation of the level of $144.00 invalidates the bullish impulsive scenario.
BREAK OUT IS NEAR (EW : ABCDE correction end).Hello everyone, good job for your patience holders.
Important prerequisites : BTC don't fall like a rock in the comings hours.
LTC is almost ready to break the triangle and reach a new high. LTC will finish the wave E of EW ABCDE in comings hours, i expect a strong bounce from here (between 240-230). There is some resistances (red lines) but the breakout should easily go over their in the comings days/weeks.
USA wake up could give us the volume we need for the break out.
MACD is ready to bounce.
RSI is more or less neutral.
Feel free to write your minds, constructive arguments of agreements or disagreements are always welcome.
Dash #DSHUSD - no so fast, Dashboy!The Dash cryptocurrency price is still in wave 4, which may turn out to be an irregular ABC correction. In this correction, wave B has already been made (with a high at $ 1.253) and now the price would be in the last phase of the downward cycle, the C wave. Confirmation of this scenario will come with the breaking of the trend line (golden bottom line) and a testing the levels $ 936 and later $ 856 and finally $ 775. This is why red arrows is the preffered scenario.
The lack of the above wave development will be synonymous with the further development of another wave of correction, i.e. the wave triangle 4.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRAL (continuation of the correction)
Key levels:
- for further increases - the level of $ 1.253 and later $ 1.338
- for continuation of the correction - level of $ 1,253 (resistance) and $ 936 (support)
- for the continuation of declines - the level of $ 936 and later $ 856 and $ 775
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IOTA - A promising Rebound!The IOTA cryptocurrency price managed to recover over half of the pre-holiday decline and is now just below the supply zone and below the local resistance at the level of $ 4.49. The golden trend line has just been tested and you can see small, but always, demand engagement at the levels of $ 3.20 - $ 3.30. For increases to be continued, the local support level of $ 2.72 should remain intact.
From the point of view of the Elliott wave theory, there are two wave scenarios available, both of which are pro-growth in the long term. Moreover, if the alternative scenario turns out to be a correct wave scenario, the potential for growth is much higher than in the case of the main scenario. The invalidation of the growth scenario will occur with the violation of the level of $ 1.10.
Main trend: UP
Intermediate trend: UP
Daily trend: UP / NEUTRALNY (continuation of the correction)
Key levels:
- for further increases - the level is $ 4.49 and later $ 5.80.
- for the continuation of the correction - the level of $ 2.72 and later $ 2.14
- for the continuation of decreases - the level of $ 1.10.
The next analysis of IOTA cryptocurrencies will be published if this post receives a min. 50 likes.
Good luck! :)
Bitcoin #BTCUSD - two possible scenarios for a correctionAt 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 second scenario, marked in red, is an irregular correction ABC, in which waves A and B seem to be finished, so only the C wave remains to be realized. In this scenario, I assume the level of $ 12,750 is broken, then breaking the level of subwave B to $ 12,000 and level test of $ 11.159 (wave A bottom). This level should not stop bears in this scenario and this level should also be impulsively broken through. In this case, the first target level for the C wave will be the level of $ 9,021.
Main trend: UP
Intermediate trend: UP
Daily trend: UP/ NEUTRAL (continuation of the correction)
Key levels:
- for further increases - the level of $ 16,500 and later $ 17,500
- for continuing correction - the level of $ 12,750 and later $ 14,400
- for the continuation of declines - the level of $ 12,500 and later $ 12,000 and $ 11,159
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Siacoin #SCUSD - one more wave to the upside? +315% possible!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 out of the technical resistance level at 0.1132.
On the other hand, any violation of the level of the 0.0410 level invalidates the upward scenario.
TREND AND IMPORTANT LEVELS:
Main trend: UP
Intermediate trend: UP
Daily trend: DROP / NEUTRAL (continuation of the correction and the option of breaking)
KEY LEVELS:
- for further increases - level 0.0838 and later 0.1132
- for continuation of correction - level 0.0838 and 0.05040
- for continuation of decreases - 0.0410
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2 more waves to goWe are now at wave C->D, with the lowest point being the 50% retracement level. We may see a price as low as 1.41 on the completion of the last wave before it starts to go up again.
4 of wave C ? (ABC EW correction).I continue to think that the correction is not over yet. We could be at the wave 4 of the EW "C" ABC correction.
Correction are always healthy.
Daily RSI and MACD are still overbought.
Bollingers bands show high volatility.
ETH/BTC looks for a correction too.
First target would be 1030$ area.
We could see 830$ if the wave 5 is extended.
Feel free to post your minds, i can be wrong : agreements and disagreements are both welcome.
Cardano the bright, start of something nice.Fundamentally:
This coin is experimentally you could say but potentially huge if succesfull, it has a solid team behind it, in fact, bright minds of University of Edinburgh, the University of Athens and the University of Connecticut all putting their heads toghetter to find the solution to the problems bitcoin and cryptocurrencies been having to date.
Technical:
The pattern fits like a charm when that bounce on the right shoulder hits. We could consolidate a bit around these levels and eventually start the first move of the next set . Excellent long term hold!
Ripple Found Support After A Three-Wave SetbackBITSTAMP:XRPUSD made nice three-wave correction back to previous wave IV with (a) = (c) equal legs and hit exactly 1.60 level as we expected. This is actually perfect setup in Elliott Wave theory and exactly, what we are looking for trading opportunities. But we have to wait for confirmation, which is a break above channel resistance line and to be sure we need a break above 2.80 level, which would confirm that Ripple is back in bullish trend. If Ripple from any reason breaks lower beneath 1.60 level, then we may adjust the view.
Correction wave incomingApplying the Elliot Wave tells us that the price will go a bit lower (event to 1k) before it bounces on the support line that has formed
ELLIOTT WAVE ANALYSIS OF XAUUSDno thing else
SL:1309
TL:1338 or higher wait for wave 5 done.
every thing in the chart
BITCOIN #BTCUSD Two possible scenarios!We are going to wait a few days in this triangle and we will go either way, i personally think that btc 1.33% will go to set new highs. The volume is getting smaller among the sails, that indicates a possible volatility as BTC has shown us, in turn shortening the space of our ascending triangle, meanwhile you can trade a bit inside the triangle but be careful.
Important levels:
- for further increases - the level of $ 17000 and until psychological barrier
- for continuing correction - the level of $ 16,750 and later $ 14,700
- for the continuation of declines - the level of $ 14,500 and later $ 12,700 and $ 12000 unil 9000$
HShareCoin #HSRBTC - another dump in view?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 complex and stretched over time. Such a scenario would correspond to the next cycle in the PUMP-DUMP scheme, as the price is currently in the DUMP cycle. This is confirmed by the lower lows on the daily time frame chart.
In order for growth to take place, the market would have to first of all reach 0.0030 (first pink zone) and move upwards to 0.0050 (second pink zone). Without such developments, it is difficult to talk about downtrend reversal.
TREND AND IMPORTANT LEVELS:
The main trend: DOWN
Indirect trend: DOWN
Daily trend: DOWN (price at a key level)
Key Levels:
for further increases - level 0.0030 and later 0.0035
for the continuation of drop - the level of 0.000740 and later 0.000135
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complex wave 2 the price is in a big correction complex wave 2 and when eurgbp ended wave2 it will selloff in wave 3 .
