$WAVES - Primed for a decent bounce very soon. We might get a mini bounce very soon but this small noise should be ignored and we should be gunning for another lower low in order to long. At the very least we should get a bounce into wave B if not an impulse.
Always got to keep in mind that corrections often take much longer than we think and we always have to keep in mind that we are too zoomed into a coin and leave some space in our expectations for the B wave.
Safe trades.
Thecryptofoundry
$PLANETS - Light at the end of the tunnel$PLANETS looks like its dying a slow death. But I don't think its the end. The project is beautiful and from an FA standpoint its just getting over a few road bumps with some of its sensor manufacturers. From a TA standpoint, it should curve over and form a bowl, then breakout at some point to make a new ATH buy the end of this cycle. I placed the waves as though the 1.618 retrace of wave 4 of C has wave 5 ending around 0.064. But its really hard to tell where it will go with no PA history like this.
$CHZ - Long term, this coin is so bullish..This coin has been stuck between $0.15 and $0.65 for ages. This ranging accumulation will lead to a massive breakout at some point, we may already be in the early stages of the next impulse since late February, but only time will validate or invalidate this count. Right now this is the best count I can see.
Safe Trades.
$ADA - Are we done with this ABC ? So, this ABC could be done. or it could continue to .786 (around 0.67$). I'm actually quite impressed this coin didn't correct as much as the others...it could mean significant strength in the grand scheme of things.
We had a good sign that the correction would take longer (not only for ADA but across the board when it broke the trend line that started in late 2020 and lasted all the way to late 2021. RSI support has been pretty good on the oversold limit since late last November. We've been creating some small divergences ever since.
I do expect us to retest the bear trendline breakout sooner or later. Sooner means a higher low, later means a lower low and a new divergence, which should make the coin go on a long bullish run. Always keep an eye on $BTC and $BTC.D.
Safe Trades.
$BTC.D - Dominance has been clear for a while now... Triple top, channel breakdown. This mini alt season was in the cards as per my previous analyses. Eventually we will find a bottom and I will be updating this Idea further down the road when I think that will happen.
Safe trades to all. Take profits, protect your capital ;)
$RUNE - FSS Indicator gave you 2 chances to enter. "Don't short the Rune" is in vogue at the moment. Thor's chain has seen its bottom.
If you disregard the following...
-Bullish divergences
-Complete corrective EW structures. (ABC running flat in this case)
-Greatly reduced bear volume at the bottom
...you still had the solid Buy signals that the FSS Indicator (Floki's Secret Sauce) had printed on the 12H candle close.
On Feb 28, you had an entry just above $4. On March 9th, you had a buy signal print after a red candle! That's a rare and very bullish sign. This signal had your entry at $4.89.
Now on the TA side, we actually couldn't ignore the bullish divergences, the completed flat and the low bear volume. Within the bounce, we can count subwaves 1 & 2 for sure. With the 3 either almost done, or done heading into 4. Now with the guideline of wave alternation, I would expect RUNE to bounce above $6 in the case that wave 3 is actually done.
Safe trading to all!
$JASMY - Updated count. Still a ways to go. $JASMY - Updated count. Still a ways to go. Don't get caught buying the top of this move because it will wreck you.
I see us finishing out subwave 5 of wave 3 very soon. After which we will correct significantly in wave (4) (back the the same level of subwave 4). This is a very typical correction target in Elliott Wave theory.
Safe trades to all.
$BNB - Still needs to correct. I would be SHORT. I've been looking at this chart for a few months now and nothing is leading me to believe this is anything other than an ABC Flat.
Although I'm not 100% convinced the target (blue box) will hit. I still think we need another wave down. Where it stops, only time will tell.
Safe trades to all.
$JASMY - Where next?
This was the original Idea. Now that we have a bit more PA to work for, we can try to establish new targets for this wave structure (which I've highlighted in the box).
I,m still not 100% clear on the waves here, but assuming higher degree wave 3 is already in, we can elaborate maybe an extended 5th to the 3.618 fib range.
Safe trades, don't forget to take profits along the way.
$BTC.D - Might have completed its triangle. Noteworthy here that in the case of triangles, the last wave (E) rarely aligns with the AC diagonal. It either goes past it or falls short on most occasions. I'm leaning towards it falling short in this case. Which is good news for Alts. CT is mostly bearish, which tells me we are probably bullish here on the market as a whole.
$JASMY - Is this the new $FLOKI ?I posted some TA on this coin previously, stating that it had gone down 90% since its listing on Binance. But it looks primed to launch again...
Lets see how this plays out, but I think our subwave 1 is finished here.
Safe trading to all.
$WIN - The shape of PA indicates the bottom is either in or nearI've marked this move as done, but that is one of two counts. I usually like to see 3 touches on the trend line of 5th ending diagonal. We are in 5 of 5 of C at this point and I'm very excited about this coin's bounce. I might dump a bit into this long term play.
If we zoom out a bit, on the daily, we can see a lot of divergences on many oscillators as well as volume. There is also some convergence on the left side of the chart aligned with the box I'm going to long from:
Safe trades to everyone.
$JASMY - Lost well over 90% since listing on Binance. This is one of my moon bags and I've started my DCA in the $0.0160 region. While it still has some space to dip, it is slowly curving with some interesting divergences. It could easily regain its ATH in the next push.
From the history on the Kucoin chart, I see this as finishing its ABC and on its 5th wave in the ending diagonal of C.
Trade safe, as always. I have no FA idea about this coin, this is purely a technical hunch.
$HNT - Correction almost finished. Liking the waves on this coin. We are now in diagonal territory on the larger cycle, which means wave 5 could be massive. (Look how $CRO did on its 5th wave...)
I'm expecting the dip to end under 18$ after the zigzag completes.
Safe trading to all!
$MATIC - Alt count, noot as bullish as other coins right now. Rather than seeing a full ABC here as pointed out in , I'm listing a full 5-wave A for an ABC ZigZag as an alt count. This is not to say the ABC is out of the question: the waves work and retraced more than half way. If we were to make a new ATH from here, it would be incredibly bullish.
We're now on the upside to make B in the bearish count. This is a move that could bring us above $2.00. I'm watching this coin very closely. No matter which move it makes, we need to be ready to capitalize.
Safe trading to all.
$CGG - Close to bottom. $CGG - Nice waves here. Kucoin coin... very close to a bounce. Double bottom not out of the question, but I think we can go a bit lower.
Perhaps the $0.40 range is a nice spot to long with low leverage. This could 10x easy. Wave 1 has 5 nice waves. the ABC also seems almost finished.
Safe trading everyone.
$SHIB $SHIBAINU - Probably not done yet. $SHIB $SHIBAINU - Probably not done yet. Not ruling out a bounce from the double bottom, but I'd be more comfortable with a good ol' 90% retrace. There is confluence to the left of the chart before the start of the impulse at around 0.012878 (1000SHIB).
Nice impulse for macro 1 with an extended 5th followed by what looks like a 5-wave A structure. I highlighted where the divergences are for wave 5 vs wave 3, in case you are new to Elliott Wave Theory.
Safe trading.
$BTC.D - 100 EMA acting as a resistance. Alts to fly? 100 EMA acting as a strong resistance for the past 13 months. Hard to believe this will be the time it breaks.
There are a few patterns developing under the umbrella of that EMA. Looks like there's a triangle in there, bearish in this case):
Within the triangle a few things are to be noted: slanted triple bottom with triple divergence on RSI, Volume & Histo: but this has already played out into a final touch of the E wave of the triangle.
So we have to cases...Either we break out here and the market suffers for a long while... or correct down further and break down, which leads to the next alt season. I'm leaning towards the latter.
Happy and safe trades to all.
$BTC CME - Macro count. 100k This year? So if we rewind back to last spring, I had outlined the flat possibility at that time. I didn't think it would make it past ATH tbh. However it did and it made a beautiful flat with the length of A and C matching, which is textbook. Assuming this is correct and the B wave is not wave 5, we are in for a great year in crypto.
Dominance is also begging for a 5th wave down, which lines up with a nice alt season. Low bear volume on this down trend is much lower than in wave A which is a great indicator that if the correction is not done, we are very close.
I'm looking for another rush upwards very soon to complete wave 1 of 5, which should be followed by a minimum of 50% correction for wave 2. 100 EMA Weekly has held support and we are now stuck below the 55. I would expect a push up to the 21 EMA for this 1st wave.
Trade safe and remember to set a SL.
$SAND - Correction most likely over. So we got us an ugly flat correction. I say ugly because it barely qualifies as a flat in that B barely retraces above the 618 fib, which is a major guideline.
Anyhoo! I do have wave 5 for this coin hitting 12$ with ease. In the case that the correction isn't done (nothing TA is 100%), that target will need to be re-evaluated.
if you have any questions/comments/suggestions, please feel free to leave them in the comment section.
Trade safe!
$ANKR - Stunningly beautiful chart. Almost a textbook flat. As per our last ANKR analysis in the beginning of December, this is playing out beautifully.
There is a strong argument for 5 subwaves ending in late March, and that this flat is the wave 2 correction. I probably won't need to tell you this seems to be almost done correction.
The ending of this wave could be a bit tricky and depends on how Bitcoin is going to react to technicals and the traditional markets.
Long term DCA season is very close. Trade Safe.
$ADA - The pain isn't over lads. As for the actual TA. BTC dominance is still strong. I see 5 clear impulse waves up. The cycle seems over for now and this feels a lot like the A of a flat about to finish. But we still need to go lower to fetch some divergences on lower timeframes. Cryptoheat's Stochastics MTF is printing a big time Daily FakeUP (yellow arrow on the bottom) and I do expect it to reclaim what its owed before long.
I will be waiting for a 12H or Daily Buy signal to buy here. For now shorts seem like the logical path.
My First Idea with the Indicator FSS - Floki's Secret Sauce on the chart. Seems to do pretty well on this chart on the daily timeframe.
Safe trading to all!
$MATIC - Doubt we're done here.Just a relief bounce, but the time to buy is very near.
I see 5 clear waves for greater degree wave 1. We're currently in wave 2 which needs to be an ABC. This makes it a lot easier to anticipate where the bounce will be. Tons of confluence to be identified.
Can you identify the levels? I purposely moved the end of wave C for your reflection.
Trade safe.
