DEFI Index, Potential Flag-Formation, How It Completes!Hello Traders Investors And Community,
Welcome to this analysis about the DEFI Index, we are looking at the 12-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. When assessing the index it is necessary to notice that the divergence within the cryptocurrency market is increasing strongly these times, there are currencies looking rather bearish while others forming strong bullish movements, with the DEFI Index I discovered that it is actually forming a quite bullish formation that has the potential to show up with some great breakouts when it manages to complete the right price-actions, therefore I detected all the important levels and likely destinies we should consider.
As when looking at my chart now we can watch there how the Index has developed this coherent descending-channel-formation marked with the blue boundaries, within this channel the Index has the coherent wave-count developed with the waves A and B already formed and now with the wave C setting up as the Index already pulled back from the upper-boundary bearishly to the downside, this is likely to continue till there is support found in which the Index has the ability to bounce and increase again to possibly form a breakout above the upper-boundary, therefore it is likely to happen within the confirmational-bounce-cluster as there are coming several supports together. In this case, it is necessary that the Index does not move below the support again because such a price-action will invalidate the formation however when the Index properly bounces within the confirmational-bonce-cluster and after that forms the breakout above the boundary it will complete the whole formation and will be the origin of the wave C to develop within the schedule, it will be an interesting journey ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Vinceprince
XRP, Completed Triangle And Breakout, Next Perspectives!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 12-hour timeframe perspective. Since the former analysis XRPUSD fully completed the wave-count within the triangle and since then showed up with a strong upside breakout above the upper-boundary fully completing the triangle, if you did not see the former analysis already I highly recommend it to watch to have a full-depth-overview. It is also showing how the divergence in the market is increasing as there are currencies showing bearish price-actions while XRPUSD formed this main bullish breakout, these differences are very important also when developing a potential arbitrage in the market.
As when looking at my chart now we can watch there how XRPUSD managed this main breakout above the upper-boundary where it is now mingling in the structure, it is not seldom seen that after such a breakout an initial pullback to the breakout level shows up which is also likely to be expected in this case, therefore XRPUSD will move on and protract the pullback till there is support found in which XRPUSD has the ability to stabilize, bounce and continue with its further developments, in this case, the blue box marked with the final breakout validation in my chart has a high likelihood to show up with such a price-action and when XRPUSD bounces properly within this will lie ground for the upcoming determinations. As XRPUSD managed the breakout in the schedule it activated upside-targets marked in my chart with the orange level, when XRPUSD reaches these levels it needs to be elevated how it continues further. For now, XRPUSD has lied fundamental ground for great developments, it will be an interesting journey ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Ethereum, About To Confirm Flag-Formation, Destinations!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the next times. As mentioned already in previous analysis Ethereum formed this main bear-flag-formation and also the head-and-shoulder-formation with which it had a more likely breakout possibility to the downside, these facts are important to notice and it is necessary to do not keep this possibility by side for not getting pushed out of the position by the market manipulations from smart money operators, in this case, I discovered the underlying formation and what are important scenarios we should consider within the next times with Ethereum.
As when looking at my chart we can watch there how Ethereum completed the wave-count within the bear-flag and since then moved below the neckline with these bearish breakouts where it is now below several important reference-points marking the resistance in the structure and shown in my chart with the confirmational-resistance-flag in which Ethereum runs into the several resistances determined by the 45-EMA in blue, the lower boundary of the flag-formation and the point-of-control-resistance in red by the volume profile, all these levels adding together and determining the fact that Ethereum will likely show up with bearish pullbacks from this point fully completing the bear-flag-formation. These pullbacks will move on till there is support found and Ethereum reached out to targets which are possible to happen within the 1650-1660 level marked in my chart in blue from where the situation needs to be elevated anew. For now, we need to be prepared for the upcoming volatility to do not get overwhelmed by circumstances when it will be the case, it will be an interesting journey.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Formed Double-Top, Likely Perspectives Now!Hello Traders Investors And Community,
Welcome to this update-analysis about Bitcoins situation, now we are looking at a more local timeframe perspective which is the 2-hour timeframe and from a different angle. As the head-and-shoulder-formation Bitcoin formed on the 6-hour timeframe perspective lastly formed a breakout to the downside which Bitcoin now consolidates I mentioned the double-top also, if you did not see the analysis already I highly recommend it to watch having a full-depth-overview. This analysis is coherently building upon it and as I discovered the main double-top Bitcoin formed there are some very important levels that need to be considered, for now, it is necessary to do not keep the bearish possibilities by side.
As when looking at my chart we can watch there how Bitcoin recently formed this main double-top marked in my chart after which it pulled bearishly below the neckline, besides that Bitcoin has this coherent descending-channel-formation in which it tested the lower boundary and then bounced to confirm the breakout and the neckline now. Such a double-top can also have a dynamic-neckline like it is the case here, as Bitcoin moves into the higher resistances determined by the neckline a pullback is likely to show up within the next times. When the pullback moves below 56900 the double-top is fully completed and Bitcoin will approach the lower targets which are lying within the 53400 - 53650 level marked in my chart from where the situation needs to be elevated anew. For now, it is important to do underestimate the bearish perspective and be prepared on it for not getting overwhelmed by circumstances and pushed out of position by the smart money operators and market makers.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
LINKUSD, Potential Flag-Formation, How It Completes!Hello Traders Investors And Community,
Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. LINKUSD is still in an indecisive zone however it also developed some very interesting bullish price-actions in the trading-range as it showed up with some moves to the upside, for now, LINKUSD seems to gear up for a more volatile breakout, in this case, it is necessary to differentiate LINKUSD from other currencies as not every is building such structure that will move into a protracted breakout, therefore I detected all the important levels and likely destinies we should consider with LINKUSD in the established structure and upcoming movements ahead.
Structural Developments:
As when looking at my chart now we can watch there how LINKUSD is trading within this parallel-channel in the structure marked with the blue boundaries, within this channel LINKUSD has developed a coherent wave-count in which it already completed the waves A to C and is now about to develop the major wave D that will run directly into the upper-resistance which will likely be the origin of the wave E that will finalize the whole wave-count, this wave E will run directly into the lower back-up-cluster from where a bounce to the upside is likely to show up and when this bounce is strong enough it can even lead to a great upside breakout which will be the completion of the channel as a bull-flag-formation.
Upcoming Determinations:
Taking all these factors into the consideration now it will be important the next times to elevate on how LINKUSD proceeds with the wave-count within the formation and how it manages to bounce in the certain levels, in this case, it is of utmost importance that the lower boundary holds sustainably and LINKUSD does not fall below it because such a price-action will invalidate the whole formation and increase bearish pressure to the downside. Nevertheless when LINKUSD manages the bounce as suggested and moves on further the upside-breakout can be determined with the final bull-flag-confirmation and activation of targets. It will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
XRPUSD, Shown Up With Main Breakout, Next Considerations!Hello Traders Investors And Community,
Welcome to this update-analysis about XRPUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure and what we can expect now in the upcoming times. Since the former analysis XRPUSD has shown up with the main breakouts above the upper-boundary of the descending-channel-formation as expected, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview, this analysis is coherently following up the previous one and as I discovered now XRPUSD is forming decisive signs we should consider within the next times, therefore I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart we can watch there how XRPUSD made the major breakout and after this also developed this upper-boundary of the ascending-channel-formation therefore this channel-formation was formed together with the lower-boundary. Now as XRPUSD tested the upper-resistance and initially pulled back this is likely to continue within the next times with XRPUSD moving on to fully validate the breakout which will happen when XRPUSD visits the breakout-zone within the upper-boundary anew as it is marked in my chart, because of the meaningful supports lying there it will give a good edge for the proper bounce to the upside that should be anticipated when XRPUSD moves into these zones.
Upcoming Determinations:
Taking all these factors into consideration now XRPUSD has developed a great breakout with the proper validation-structure now it is time to fully confirm this breakout and move on with the further conclusions, when XRPUSD properly bounces within the structure as suggested and does not show up with massive bearish pressure it will lie ground for the next developments in the major wave C that will point to the upper-targets marked in blue in my chart. What is also highly important here is that not every cryptocurrency is building such breakouts and set-ups while others are more bearish or neutral XRPUSD moves along with these bullish encounters, these divergences just increasing in today's times which is necessary to implement.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Ethereum, Channel-Developments, Bear-Flag With Next Alignements!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since Ethereum has shown up with initial bearishness to the downside after marking its tops at the 1920 level it is mingling in the structure and does not show up with sufficient reversals for now, in this case, I discovered a decisive formation Ethereum develops that will determine the upcoming destinies, in this case, it is important to not underestimate the underlying bearish possibilities especially when Ethereum increases with volatilities further, therefore I detected all the important levels and likely movements we should consider.
Structural Developments:
As when looking at my chart we can watch there firstly how Ethereum trades within this massive descending-channel-formation marked with the boundaries in black, within this massive descending-channel-formation Ethereum has a coherent wave-count in which it already completed the first wave A and with the second wave B now moved into this main local ascending-channel which has also a coherent wave-count from A to E that already completed, this formation is likely to finalize as a bear-flag when Ethereum closes below the lower-boundary as it is marked in my chart and such a price-action will lie ground for the wave C to establish and protract bearishly to the downside.
Upcoming Determinations:
As Ethereum developed these crucial structures now it is necessary to properly line-up and be prepared on upcoming volatility especially when this bear-flag finally completes however this does not mean Ethereum is bearish forever nevertheless it is inevitably important to elevate how Ethereum approaches the lower zones and if there comes a reversal or further bearish pressure will follow-up, this can happen within the blue box marked in my chart. For now, the bearish likelihood is omnipresent and should not be kept by side, therefore it is necessary to elevate the next times on how Ethereum moves on with the formation to determine further circumstances, it will be an interesting development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
BTC, Crucial H-S-Formation, Correction Protracts When Completed!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the 6-hour timeframe perspective. Since Bitcoin formed the main bull-traps and pulled back bearishly into previous levels it is mingling in the structure and did not show the proper abilities to determine a complete bullish stabilization and continuation, this is important to notice because the longer Bitcoin tests previous resistances the higher the possibility becomes that these are finally moved apart and Bitcoin sets up for a much heavier and more protracted bearish move, it is not important to keep such volatilities still omnipresent in the market not by side and in this case I discovered a decisive formation Bitcoin is forming which will be the crucial factor in the next times.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin is about to complete this main head-and-shoulder-formation it developed with the neckline marked in blue, the left shoulder and the head almost already fully completed and now Bitcoin is about to finish the right shoulder which will finalize the whole head-and-shoulder-formation. As Bitcoin already moved into the neckline and testing it will not be that long till the formation finally completes. Such formations have also the ability to break out to the upside however as Bitcoin has also an important double-top in the more local timeframe the bearish breakout is more likely and should be expected.
Upcoming Determinations:
Bitcoin now is in a situation in which it will show up with heavy bearishness once it fully closed below the neckline, what comes together, in this case, is also the double-top-confirmation which will show up together. When Bitcoin completed these developments it will continue with its correction and protract bearishness till there is support found in which stabilization is possible, this can be within the lower-support marked in blue however when this support does not hold and Bitcoin continues with further bearish pressure a continuation will follow below these levels. For now, it is necessary to be prepared for these upcoming volatilities to not get astonished and lie open food for the smart money operators and market makers.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Why Cardano Can Form Pullbacks Before Sustainable Stabilization!Hello Traders Investors And Community,
Welcome to this analysis about Cardano, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. In the previous analysis, I already mentioned the bullish potential that Cardano has when it manages to show up with the right price-actions, in this case now I discovered that Cardano is forming a formation that can move on with pullbacks testing lower levels before a sustainable stabilization can finally set-up, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements ahead.
Structural Developments:
As when looking at my chart now we can watch there how Cardano has developed this main ascending-channel-formation in the schedule marked with the blue boundaries in my chart, currently Cardano is still holding above the 65-EMA in red as well as the 45-EMA in green, these together with the lower boundary of the channel are main reference-points holding initially the bullishness to the upside however when they are broken to the downside it will complete the formation as a bear-flag and as Cardano continues now with its wave-count which will finalize within the resistance-cluster marked in red this can be a likely scenario that should not be underestimated.
Upcoming Determinations:
Taking all these factors into the consideration now Cardano is in a situation in which it has a higher possibility to complete this channel as a bear-flag to the downside, therefore when Cardano closes below the lower boundary as it is marked in my chart it will complete it as a bear-flag and will indicate the further bearish pressure to test lower levels, in this case, when Cardano approaches the blue supports within the 1.05 level there is the possibility given for the sustainable stabilization and testing of upper resistances as already suggested Cardano has still bullish potentials on the more global perspectives and on the more middle-to-long-term, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
XRPUSD, Since Bullish Bounce, Setting Up To Form Major Breakout!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 2-hour timeframe perspective, recent events, the established formational structure, and what scenarios we can expect in the upcoming times. XRPUSD the recent times is one of the more volatile currencies within the market as it bounced several times to the up as well as to the downside within its structure from where I discovered now a decisive formation XRPUSD is forming that can lead to a great breakout and pointing to upside targets, in this case, it is highly necessary to distinguish XRPUSD from other important cryptocurrencies as not each is building such price-actions and formations, therefore, I detected all the important levels and likely destinies we should consider.
Structural Developments:
As when looking at my chart now we can watch there how XRPUSD has established this main descending-channel-formation marked with the boundaries in blue, within this formation XRPUSD has a coherent wave-count in which it already completed the waves A to B in which it bounced strongly from the lower boundary with the finalization of the wave B, this gave the edge for XRPUSD moving higher and testing the upper boundary of the channel, it was also the origin of the wave C XRPUSD is now about to develop. In this case now as XRPUSD is holding above the 200-EMA in red as well as the 65-EMA in green these are some solid reference-points holding the bullishness to the upside.
Upcoming Determinations:
Taking all these factors into consideration now XRPUSD is trading in a situation in which it has the ability to complete an upside-channel-breakout when it manages to stabilize further in the structure and when it increases with bullish price action leading to a breakout above the upper-boundary as it is marked in my chart. When XRPUSD manages such a price-action this will be the set-up for the bullish expansion and protraction to reaching the upside targets firstly within the 0.5785 level marked in my chart in blue, when XRPUSD reaches these zones it has to be elevated how it proceeds from there and if there comes a potential bullish continuation or XRPUSD firstly pulls back which is also not unlikely, it will be an interesting journey.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Ethereum, H-S-Formation, Important Conclusions To Consider!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. Ethereum since showing up with heavy bearish breakdowns somewhat recovered and has now set up with further initial breakdowns, this is important to notice because besides that I discovered a decisive formation Ethereum is now about to form in this situation that will be the determining source within the upcoming times, therefore I detected all the important levels and likely scenarios we should consider with Ethereums established structure and the upcoming movements ahead next times.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum is about to form this main head-and-shoulder-formation marked with the neckline in blue, Ethereum already fully completed the left shoulder and the head within this formation and is now about to form the right shoulder as it pulled back from the main descending-resistance-line it is setting up to form the second wave which of the right shoulder which will move to the downside and test the neckline of the formation from where the final crucial decisions will be made. It will be important where Ethereum will continue to properly determine the right direction.
Upcoming Determinations:
Taking all these factors into consideration after Ethereum has completed the right shoulder and therefore will show up with the crucial determinations there are basically two possible destinies, the first is when Ethereum manages to bounce from the neckline and increase with bullish price-action to finally move above the descending-resistance-line and continue to test higher levels of resistance otherwise the second is when Ethereum increases the bearish pressure further to close below the neckline and continue bearishly, these are the main scenarios important to elevate in the next times although the bearish scenario has a slightly higher possibility it is necessary to wait on the final confirmations before moving into the direction.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Is Forming Main Broadening-Wedge, Important Scenarios!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin since some time now is moving in somewhat of an indecisive zone in which it is looking for a proper trend to align, in such situations, it is necessary to keep properly patient and do not just rush into trades that do not satisfy, it is necessary to look for the proper signs to develop before finally moving into one direction, in this case now I discovered the main formation that will show up with the decisive factors within the next times, therefore I detected all the important levels and likely destinies we should consider.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin is forming this main broadening-wedge-formation marked with the boundaries in blue, within this formation Bitcoin has already completed the ABC-wave-count that can be the finalization of the wave-count however there is also the possibility to protract this wave-count with an additional wave D and then the wave E that will run into higher levels anew otherwise when this does not happen and Bitcoin increases with bearishness further it will mark the completion of the main broadening-wedge bearishly to the downside which will lead Bitcoin to approach lower levels, such a confirmation can also happen after Bitcoin moves on with the additional waves D and E.
Upcoming Determinations:
Taking all these factors into consideration now it will be important the next times explicitly on how Bitcoin approaches the decisive lower boundary and how it reacts to it, when there comes a solid bullish bounce within the boundary this will lead to the final wave E to develop when Bitcoin emerges above the descending-resistance-line as it is shown in my chart otherwise when Bitcoin does not shows up with such a bounce the whole formation will complete bearishly when Bitcoin finally closes below the lower boundary, in this case, the lower levels of support will be pointed to test, these are the major scenarios important to elevate in the upcoming times to get the proper factors adding into the circumstances.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Litecoin, Flag-Formation, How It Completes, Further Conclusions!Hello Traders Investors And Community,
Welcome to this analysis about Litecoin, we are looking at the 4-hour timeframe perspectives, the recent events, the established formational structure, and what to expect in the upcoming times. Since Litecoin has shown up with these heavy bearish volatilities to the downside it did not yet managed to show up with a sufficient reversal in the structure rather it is mingling in the range and do not come up from there, this important to notice in terms of considering a potential bearish continuation and in this case now I discovered a decisive formation Litecoin is forming that is likely to determine the further alignments, therefore I detected all the important levels and likely destinies we should consider.
As when looking at my chart we can watch there that Litecoin since it formed this initial heavy bearish volatile move trades in a channel-formation marked in my chart with the blue boundaries, within this channel Litecoin, has the coherent wave-count already completed which is also matching to the major wave B of the more global wave-count. Now when Litecoin moves below the lower-boundary and closes there as it is shown in my chart this will complete the whole formation as a bear-flag and it will lie ground for the wave C to be established which will exaggerate and protract with bearishness to the downside, this bearish pressure will move on till there is support found in which Litecoin has the ability to stabilize and back-up again moving on to test upper resistances again. This will likely happen within the blue support-zone where also the ascending-trend-line is matching, when Litecoin manages to bounce within this zone it will lead to a good increase and testing of previous resistances from where the situation needs to be elevated anew, it will be an interesting journey ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Why And How LINKUSD Can Form A Upside-Channel-Breakout!Hello Traders Investors And Community,
Welcome to this analysis about LINKUSD, we are looking at the 12-hour timeframe perspective. When looking at LINKUSD it is highly necessary to distinguish it from other cryptocurrencies as the divergence and correlation between the certain cryptocurrencies is increasing strongly these times, therefore there are cryptocurrencies building more bearish constellations while others showing up more bullish signs, these differences within the individual currencies should not be taken by side and it can be a good factor when lining-up within the market with a potential arbitrage, therefore I detected why LINKUSD has more possibilities on the bullish side and what are important levels and likely destinies we should consider.
As when looking at my chart now we can watch there how LINKUSD has established this main ascending-channel-formation marked in my chart with the blue boundaries, within this formation LINKUSD has the coherent wave-count developed with the waves A and B already completed and now with the wave C about to begin with its expansion already coming up with the sub-wave A and now setting up to form the sub-wave B that will then move on with the further wave C that can lead to the final protraction and extension, therefore, when LINKUSD manages to increase with bullishness further after moving into the lower boundary again this can be the great source of a sufficient upside-breakout. This breakout will finally confirm when LINKUSD manages to close above the upper-boundary as it is shown in my chart, such a price-action will be the set-up for both the major as well as the minor wave-C-extensions above the channel and appointment of targets in the upper-structures. After these breakouts have shown up it has to be elevated how LINKUSD proceeds further, a likely target is initially the 39 USD level, after this has reached the next conclusions can be made.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Ethereum, Develops Main Triangle, Determining Possibilites!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Mainly it is necessary to notice that Ethereum although it is providing highly volatile price-swings is still in an indecisive zone where the final conclusions will show up sooner or later, in this case, I discovered an interesting formation Ethereum is forming that can alter the dynamics and show up with the worthwhile decisions once the formation completed and the decisive price-actions shown up, therefore I detected all the important levels and likely destinies we should consider.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum is trading within this massive triangle-cluster-formation because the upper descending-trend-line is building the upper-boundary and the lower descending-trend-line is building the lower-boundary marking out this whole formation in the range. Furthermore, Ethereum has developed this coherent wave-count within the formation and already completed the waves A to B in the schedule after which it pulled back from the upper-boundary which is still a strong resistance to continue with the wave C within the wave-development that is likely to follow up with the wave D and then the final wave E the upcoming times before the final crucial approaches will show up.
Upcoming Determinations:
Taking all these factors into the consideration now Ethereum is in a situation where it is important that it shows up with further developments in the structure before a clearer insight can be fulfilled, currently, the bullish breakout has a slightly higher possibility to finally developed nevertheless it is inevitably important to keep patient and wait for the proper validations and confirmations before finally moving into the right direction because the possibilities can also alter again into a more bearish dynamic, it is also not seldom seen within the cryptocurrency market that changes occur more swiftly than expected, therefore it is necessary to not just trade what one is thinking, it will be an important development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Next Bull-Trap Developed, Important Considerations Now!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Bitcoin is in a situation where it is searching for a trend more or less the last days, this is important to notice because in such phases the potential for traps increases which already happened with Bitcoin big bull-trap above the 59.000 USD level pulling back bearishly into the structure, it shows one more time how volatile and swiftly the cryptocurrency market is and that it is inevitable to properly line-up and be prepared in these cases, therefore I detected all the important levels and likely destinies we should consider.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin has this main bull-trap-resistance marked in red in my chart, after Bitcoin moved above this line which is also the previous all-time-high-resistance Bitcoin showed up with the main first bull-trap pulling back into the range anew, now recently Bitcoin somewhat managed to recover a little bit, however, moved anew into this main bull-trap-resistance where it pulled back to the downside, this determination is also matching to the wave B within the major descending-channel-formation and as Bitcoin approaches this serious resistance anew it is likely to be the origin of the wave C to the downside which should be expected here.
Upcoming Determinations:
Taking all these factors into the consideration it is inevitably to not underestimate the underlying bearish alignments here especially the next times it is necessary to elevate how this bearishness and the upcoming pullback will establish, therefore, when this pullback manages to bounce within the lower back-up-cluster marked in blue where several supports coming together this can be a great source of a channel-breakout otherwise when this does not happen and Bitcoin increases with bearishness further to close below the ascending-trend-line within the bearish-continuation-zone this will indicate further bearish pressure to show up and lower levels to be reached, it will be an important development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Ethereum, Continues With Flag-Development, Next Perspectives!Hello Traders Investors And Community,
this is an additional update-analysis following-up the former analysis in which we are now looking at the more global 4-hour timeframe perspective, in the former analysis I already mentioned the importance of the descending-channel and the bear-flag within the channel forming that, now in this purpose, I detected further meaningful signs on the 4-hour timeframe perspective necessary to elevate within the upcoming times. Currently, the bearish scenarios should not be underestimated especially when this main formation completes this can lead to further increased volatilities important to be prepared on, therefore I detected all the important levels and likely destinies we should consider.
As when looking at my chart now we can watch there how Ethereum has now completed the wave-count within the bear-flag-formation and since then showed up with serious bearishness moving to the downside and recently below the point-of-control within the volume profile which is a meaningful resistance zone. When Ethereum now holds this resistance and continues with the bearishness the whole bear-flag-formation will complete when Ethereum closes below the lower-boundary as is shown in my chart, such a breakout will complete the whole formation and lie ground for the major wave C to develop to the downside as it is shown, this wave C will protract and move on till there is support found in which the whole dynamics can stabilize and back-up again, this is likely to happen within the blue support-zone when Ethereum reaches out these zones it has to be elevated if it manages to back-up or continue with bearishness, in any case, the bearish scenarios should not be kept by the side. For now, it is important to be prepared on the formation to complete to not get overwhelmed when it happens, it will be an interesting and important journey further.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.
Cardano, Since Main Wedge-Volatility Completed, Important Level!Hello Traders Investors And Community,
Welcome to this update-analysis about Cardano, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Since the previous analysis Cardano fully completes the wedge-formation in the schedule and showed up with strong exaggerated bullishness to the upside moving above several resistances, these initial approaches were very good and now I discovered some important levels and likely destinies we should consider with Cardano further, therefore it is necessary that Cardano shows up with the proper price-actions validating further stabilizations and continuations.
As when looking at my chart now we can watch there how Cardano moved on with these bullish volatile protractions to the upside to the point in which it now recently pulled back bearishly to the downside to move on and test lower levels as support anew, these levels lying in the structure marked in blue in my chart are necessary to hold further for Cardano because when this does not happen and Cardano moves below it will invalidate bullishness firstly and show up with further bearish pressure nevertheless when Cardano manages to hold these ranges and increase with further bullishness this will be the origin of the wave C to be developed in the structure and moving on testing upper levels again with the potential to form new highs when Cardano continues to establish bullishness further. For now, it will be important to elevate how Cardano manages to stabilize in the structure to show up with further conclusions, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
XRPUSD, Testing The Zones, These Are Likely Destinies!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 30-minute timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. XRPUSD the last times has shown up with some initial strong upside-volatility nevertheless it firstly pulled back into the range in which it is now forming a determining formation from where the further conclusions will be made, therefore, I detected the underlying levels and likely determinations we should consider in this case. It is important to differentiate that XRPUSD firstly will test lower levels before a sustainable back-up can show up, therefore I detected all the important levels and likely destinies.
As when looking at my chart now we can watch there how XRPUSD is building this main ascending-channel-formation marked in my chart with the black boundaries, within this formation XRPUSD has developed the coherent wave-count with the waves from A to C which also already fully completed, now, recently XRPUSD moved into the lower boundary of the formation again and is testing it, in this case, it is necessary to notice that this can be the tipping point of the formation to complete, therefore, when XRPUSD moves below the lower-boundary it will complete the whole formation as an initial bear-flag and show up with the further conclusions with XRPUSD testing the lower-levels of support, it needs to be elevated then how XRPUSD continues from there and if there comes a possible stabilization which is not far away in this case as XRPUSD has some good supports lying there, it will be an interesting development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Develops Triangle, Bearish Breakout More Likely!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. Lastly Bitcoin has shown up with strong bearish pullbacks in the structure since marking its top at the 61.300 USD level it pulled back bearishly, this initial pullback should not be underestimated in any case here and now it is so much more important to elevate on where these dynamics going, in this case, I detected the underlying formation and what is the preferred scenario we should consider here, therefore I detected all the important levels and likely destinies in the upcoming times.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin is now developing this main symmetrical-triangle formation, within this formation Bitcoin has the coherent wave-count and already completed the waves A to B fully in the structure with the wave B recently running into the upper-boundary which is still a strong resistance and therefore likely origin for the wave C which is also establishing now, this wave C will run into the lower-boundary anew and test it, Bitcoin will then continue with its wave-count till it is finished and the final decision of the crucial direction will be made, in this case now it is important to elevate which scenario is more likely which is the bearish one here.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin is trading in a situation in which it will show up with the important confirmations after this whole wave-count has finished, therefore we should keep the focus on the more likely bearish scenario which has a possibility of 65% compared to the bullish one with a possibility of 35% the bearish is more likely nevertheless it is necessary to wait on the proper validations before finally going into the right direction as this is most often the case. When the more likely bearish scenario shows up with Bitcoin moving below the lower-boundary this will complete the whole formation bearishly and move into the lower zones from where the situation needs to be elevated anew.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
Cardano, Completes Channel-Breakout, Further Considerations!Hello Traders Investors And Community,
Welcome to this update-analysis about Cardano, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. Since the former analysis, Cardano fully completed the wave-count within the descending-channel and showed up with heavily exaggerated bullishness to the upside and with this major channel-breakout to the upside, in this case now I discovered how Cardano can establish further and what possibilities there are given for Cardano to continue, therefore I detected all the important levels and likely destinies we should consider within the established structure and upcoming movements.
As when looking at my chart now we can watch there how Cardano fully showed up with this heavy bullishness almost exaggerating and protracting in the structure, now recently Cardano moved on to test the remaining resistances from where pullbacks to the downside are firstly very likely, these pullbacks will move on till Cardano has found support in the structure which is likely to happen within the 50 and 38.2 Fibonacci-supports marked in my chart with the blue box and when Cardano manages to bounce within these zones this can indicate further risings to the upside and possibly new highs to be formed. Taking this into the consideration it is of utmost importance that Cardano holds these levels of support and do not falls below because this will invalidate the whole bullishness and increase bearish pressure ahead next times, for now, it will be important on how Cardano approaches the supports, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the market.
XRPUSD, Develops Main Triangle, How It Completes!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the hourly timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. XRPUSD recently has shown up with highly exaggerated and protracted bullish volatility to the upside shooting above several resistances, it is necessary to distinguish XRPUSD from other important currencies as not each is building such formations XRPUSD is building with the potential for a breakout, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements ahead in the next times.
Structural Developments:
As when looking at my chart now we can watch there how XRPUSD has now developed this main triangle-formation within the structure with the boundaries marked in blue, besides this XRPUSD has a coherent wave-count within the triangle already completing waves A to D in the triangle and now setting up to form the wave E in the triangle which will run directly into the lower boundary of the triangle from where a bounce to the upside has the ability to show up and when this bounce is strong enough it can lead to a breakout above the upper boundary of the triangle which will complete the formation and activate upside-targets with the continuation of the wave-count and the wave C.
Upcoming Determinations:
Taking all these factors into the consideration now it will be important within the next times how XRPUSD continues with the wave-count and how it manages to complete the whole formation within the structure, therefore it is necessary that XRPUSD rightly manages to hold the structure and bounces properly within because when this does not happen and XRPUSD closes below the lower-boundary such a price-action will invalidate the whole formation and show up with further bearish pressure to the downside, therefore it will be important in the next times to elevate how these scenarios show up before moving on with the further conclusions, it will be an interesting development ahead.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"Good luck is when opportunity meets preparation."
Information provided is only educational and should not be used to take action in the market.
Ethereum, Major Channel-Formation, Important Considerations!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the hourly timeframe perspective, the recent events, the established formational structure and what we can expect in the upcoming times. Since showed up with initial heavy bearishness to the downside it moved into a very interesting constellation, for now, the bearish perspectives should not be underestimated here as Ethereum has the possibility given to continue, therefore I discovered all the important levels and likely destinies we should consider with the established structure and the upcoming movements ahead in the next times, therefore I detected all the important levels and likely destinies we should consider with Ethereum.
Structural Developments:
As when looking at my chart we can watch there how Ethereum is trading in this massive descending-channel-formation marked in my chart with the blue boundaries, within this formation Ethereum has this coherent wave-count in which it already completed the waves A to B in the structure and now with the ending-determination of wave B is running directly into the upper-boundary of the descending-channel which is also matching with the upper-boundary of the potential bear-flag forming here, therefore it is likely that Ethereum shows up with a bearish pullback to the downside increasing the possibility to complete the channel as a bear-flag which should also be expected in the next times.
Upcoming Determinations:
Taking all these factors into consideration Ethereum is trading in a situation where it will likely complete this main bear-flag as thus and show up with the further wave-development therefore with the development of the wave C to the downside which will approach the main back-up-cluster marked in blue from where a bounce has good possibility to show up, when this happens and Ethereum bounces sustainably within the EMAs such a price-action can mainly lead to a channel-breakout above the upper-boundary which will continue with a further increase of volatility and activation of upside targets nevertheless this first needs to be validated properly, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the market.