Here Is Why Cardano Has Increased Bullish Potentials Next Times!Hello Traders,
Welcome to this analysis about Cardano, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect within the upcoming times. The cryptocurrency market spread and divergences between certain coins are extremely increasing these times as the market is not what it was back in 2017 where just everything moved into one direction only, this is why there are coins forming more bullish formations while others in more bearish constellations, in this case, I discovered that Cardano is actually forming a bullish formation that has potentials to form a continuation when Cardano shows up with the right price-action, therefore I detected all the important levels and likely determinations.
Structural Developments:
As when looking at my chart now we can watch there how Cardano is now trading within this massive symmetrical triangle-cluster-formation marked in my chart with the blue boundaries, furthermore Cardano has this coherent wave-count within the formation already completing waves A and B within the schedule and is now setting up to form the further wave C and after that the finalization of the triangle with wave D and E when Cardano manages to bounce properly within the lower-boundary as it is marked in my chart this has good potential to be the origin of a great upside-breakout above the upper-boundary which will finalize the whole formation and activate upside-targets ahead upcoming times.
Upcoming Determinations:
Taking all these factors into consideration Cardano is now in a situation where it has developed this good formation that has potentials for a solid bullish paradigm when Cardano shows up with the right price-actions as mentioned, therefore it is necessary to hold the structure and do not fall below the lower-boundary because this will invalidate the formation however this is currently not the most likely scenario, the bullish one is much more likely, it shows also the divergence Cardano has to other currencies, while others forming more bearish or neutral formations Cardano has developed this more bullish formation, it will be interesting how the formation completes within the schedule.
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.
Vinceprince
Polkadot, Massive H-S-Formation, Upcoming Determinations!Hello Traders,
Welcome to this analysis about Polkadot, 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. Polkadot after reaching exceptionally high values within the last bull-exaggerations has shown up with strong pullbacks in the structure after marking such overbought conditions this price-action was expected sooner or later, in this case I discovered a decisive formation Polkadot is currently forming that will be important within the upcoming determinations especially when it completes in the schedule it is important to be prepared on upcoming volatility in the schedule, therefore I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart we can watch there how Polkadot is now developing this massive head-and-shoulder-top-formation marked in my chart with the blue neckline, besides that Polkadot already completed the left shoulder as well as the head within the schedule and is now about to form the right shoulder within the structure in which it has this strong dynamic resistance-cluster lying where several resistances coming together likely to indicate a pullback when Polkadot moves into it which then moves on to finalize the right shoulder within the schedule and therefore also completed the whole head-and-shoulder-formation with ongoing bearish pressure ahead upcoming times.
Upcoming Determinations:
Taking all these factors into consideration Polkadot is in a situation in which the likelihood for the completion of this major formation the upcoming times is high and when the formation completes bearish continuations will follow till a point in which Polkadot has the ability to stabilize and back-up again, this is likely to happen within the potential-recovery-zone marked in my chart in blue, when Polkadot moves into this level it has to be elevated if it manages to bounce sufficiently within this level, otherwise, when this does not happen and Polkadot increases with bearish pressure further this will lead to a bearish-continuation within the bearish-continuation-zone marked, for now, the bearish scenario should in any case not be kept by side.
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, Further Continuations Follow When This Formation Completes!Hello Traders,
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 the recent times has shown up with high bearish volatility to the downside after marking its top at the 58000 level, this shows one more time how highly volatile the cryptocurrency market is and that changes occur swiftly faster than expected, especially these times as Bitcoin reaches high levels such volatilities increase, it is important to take up this reality and do not overspeculate into one-sighted directions because this is happening to often these times, therefore I detected all the important levels and likely determinations.
Structural Developments:
As when looking at my chart we can watch there how Bitcoin is now about to form this major head-and-shoulder-top-formation within the structure, with the left shoulder as well as the head almost already completed within the schedule and now with Bitcoin moving on to form the right shoulder within the structure that is directly running into this strong resistance-cluster where several resistances coming together likely to show up with a bearish pullback to the downside that will finalize the whole formation and activate bearish pressure ahead in the schedule pointing to the projected targets seen in my chart within the 38400 level marked in blue where new adjustments need to be made.
Upcoming Determinations:
Taking these factors into consideration the bearish perspective with Bitcoin is still omnipresent and especially when this formation completes ahead of upcoming times with a close below the neckline this will lie the ground for the next bearish determinations that should not be underestimated. Especially when Bitcoin does not manages to hold the potential recovery-zone this can lead to a continuation when Bitcoin closes below it within the bearish-continuation-zone. For now, it is necessary to elevate how Bitcoin develops further and how it comes up with the particular circumstances as suggested, in such situations, it is necessary to rightly line-up as we have also managed within the VIP channel taking up profits on the short-side.
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.
Litecoin, Develops Decisive Formation, Continuation Indications!Hello Traders Investors And Community,
Welcome to this analysis about Litecoin, we are looking at the hourly timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. Litecoin recent times have shown up with heavy bearish volatility to the downside to the point now where it found some marginal supports within the structure in which it firstly bounced to the upside, in this case, I discovered a decisive formation Litecoin is forming that will be important for determining the upcoming destinations ahead next times, therefore it is necessary to do not underestimate the bearish perspective here and for this purpose I detected all the important levels and likely perspectives ahead upcoming times.
Structural Developments:
As when looking at my chart now we can watch there how Litecoin has now established this initial wave A of the wave-count to the downside to the point now in which it is forming this ascending-channel-formation marked in my chart in blue, furthermore Litecoin has the coherent wave-count within the formation already completing waves A to D almost already in the schedule and now Litecoin is about to form the completion of wave E with the bounce to the downside from the 200-EMA in grey this is likely to be the finalization of the wave-count with the further conclusions upcoming next times, therefore when Litecoin finally breaks out below the lower boundary of the channel, such price-action will confirm it as a bear-flag with continuations.
Upcoming Determinations:
Taking all these factors into consideration Litecoin is in a situation in which it has shown up with serious downside price-action and now developing this formation that has higher potential to form the continuation to the downside upcoming next times. Currently, there is not that much of a high possibility that Litecoin manages to invalidate the formation and this is why the bearish perspective is still omnipresent and should not be underestimated. When XRPUSD completes the formation which is likely and shows up with the continuations it has to be elevated how Litecoin approaches the target-projections and if there comes a sufficient reversal or continuations 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 XRP Can Form A Upcoming Reversal In Its Structure!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, 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. In recent times XRPUSD was one of the more volatile currencies within the market showing heavy ups and downs while still remaining in a downtrend nevertheless this downtrend, for now, is rather weak than really strong, this is why I discovered a decisive formation XRPUSD is building here that can lead to a potential reversal in the structure ahead upcoming times, therefore it is inevitably necessary that XRPUSD does not show up with increased bearish signs invalidating it again, therefore I detected all the important levels and likely perspectives.
Structural Developments:
As when looking at my chart now we can watch there how XRPUSD is trading within this major descending-channel-formation marked in my chart in blue, besides that XRPUSD has the coherent wave-count within the formation and within this wave-count already completed waves A to C in the structure. Now XRPUSD is moving on the form the wave D within the schedule which is also confirming to this significant second bear-flag as the first one already completed highly bearish to the downside the second one is also likely to confirm as such. In this case, the resistance cluster within the formation is likely to be the origin of wave E to the downside that will finalize the whole wave-count and test lower levels of support upcoming.
Upcoming Determinations:
Taking all these factors into consideration it will be determining on of XRPUSD approaches the back-up-cluster and how it possibly manages the bounce from this cluster, when XRPUSD shows up with a solid bounce to the upside then this can lead to a final breakout above the upper boundary of the descending-channel-formation as marked in my chart. Such a price-action will finally fully validate the reversal and indicate further levels to be tested. For now, it is highly necessary to elevate how XRPUSD approaches the levels and how it develops in the upcoming times, therefore it is also important to do not for now underestimate the bearishness before a final good reversal did not show up.
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 Weekly, Within Major Channel, Upcoming Determination!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the weekly timeframe perspective, the recent events, the established formational structure and what we can expect within the upcoming times. Ethereum is besides Bitcoin the currency that managed to advance within the new all-time-high-region and differently to Bitcoin it is not that heavy massively overbought which can also indicate more potential room for growth, in this case, I discovered the important structure Ethereum is building that can be worthwhile in upcoming determinations, therefore I detected all the important levels and likely destinies we should consider within the established structure and upcoming movements ahead.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum has established this major ascending-channel-formation marked in my chart with the blue boundaries, furthermore Ethereum has this coherent wave-count within the formation in which it already completed the waves A to C in the schedule and now with the recent heavy bearish declines to the downside is setting up to form the wave D ahead upcoming times, this wave D is going to continue bearishly till there is support found in which it can reverse and back-up to indicate the final wave E to the upside that will complete the whole wave-count, this is likely to happen within the back-up-cluster marked in my chart in blue.
Upcoming Determinations:
Taking all these factors into the consideration it will be important next times to elevate how Ethereum continues with this wave-count and how it manages to bounce within the back-up-cluster, when this happens as suggested and the wave E develops it is important to look forward and determine that this wave E will finalize the whole wave-count and run into the upper Fibonacci-extension-zone which will also be a strong overbought area for Ethereum, this is why it can be a potential short-zone with first pullbacks to be expected. For now, it will be important to elevate how Ethereum continues further and when these high levels are reached to be prepared on a potential reversal, 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 elevate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Bitcoin, Channel Formation, Possible Bear-Flag, Important Zones!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, 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. Since Bitcoin has shown up with heavy bearish volatilities to the downside it has somewhat managed to hold the level and initially stabilize, nevertheless it is now of high importance to elevate rather Bitcoin manages to hold this level and stabilize with an ongoing continuation or shows up with further bearish pressure moving to even lower levels, in this case, I discovered the underlying formation Bitcoin is forming now that can lead to the testing of important zones within the structure.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin is about to develop this major ascending-channel-formation marked in my chart in blue, besides that Bitcoin has a coherent wave-count within the formation already completing waves A and B within the schedule and now with the wave C ongoing, this wave C is likely to move into the upper levels where a strong resistance-cluster is lying marked in my chart in red, when Bitcoin moves into this cluster a pullback to the downside is highly likely and should be expected. After that when Bitcoin finally closes below the lower-boundary this will lie ground for the initial bearish continuation to test the lower support marked in blue from where crucial decisions will be inevitable.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin is now in a situation where it will decide in which direction it will go when this potential bear-flag completes as suggested. Taking this further, when Bitcoin manages to stabilize within the blue support this can lead to potential testing of higher levels otherwise when this does not happen and Bitcoin continues to increase bearish pressure a bearish continuation will follow below the supports as marked in my chart with the bearish-continuation-zone. For now, the bearishness is still omnipresent and Bitcoin will show if it manages to back-up here sufficiently or continues to show up with bearish continuations, it will be an important and 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 elevate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Here Is How LINKUSD Can Form A Major Channel-Breakout!Hello Traders Investors And Community,
Welcome to this analysis about LINKUSD, we are looking at the daily timeframe perspectives, the recent events, the established formational structure, and what we can expect within the upcoming times. I mentioned this channel already early and it was likely that when LINKUSD moves into the upper-boundary a pullback to the downside follows which now happened and LINKUSD showed up with the pullback also coherently to the wave D of the wave-count LINKUSD is establishing, now I discovered some meaningful signs that can approve worthwhile for LINKUSD the upcoming times, therefore it is necessary to distinguish LINKUSD from other cryptocurrencies as not each is building such great structures with further potential.
Structural Developments:
As when looking at my chart now we can watch there how LINKUSD is trading within this massive ascending-channel-formation marked in my chart with the black boundaries and also with the coherent wave-count within the formation almost completing all waves nevertheless the potential for a wave-C-extension is given when LINKUSD manages to bounce within the equilibrium-range-support-cluster marked in my chart in orange, this is the cluster where many supports coming together and when these supports hold especially with a solid bounce to the upside this can be the great origin for the wave C extension and also the further development of the sub-waves in the wave-count leading to a great upside breakout.
Upcoming Determinations:
Taking all these factors into consideration LINKUSD is in a situation where it initially showed up with serious bearish price-action on the local timeframes nevertheless the possibility for stabilization and additional continuation is given when LINKUSD manages to bounce within the structure as suggested. The next times it will be important to elevate how LINKUSD manages the bounce within the schedule and building up after that, there is a small possibility given that the continuation invalidates however this is quite marginal and LINKUSD, therefore, needs to show up with strong bearishness below the equilibrium-range to invalidate a bullish continuation, it will be shown how this develops.
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 elevate rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
XRPUSD, Develops Potential Bear-Flag, Important Scenarios!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 within the upcoming times. XRPUSD is one of the currencies that shown extreme volatilities within the last times firstly moving strongly to the upside and after that pulling back heavily below established supports, now after this, I discovered a decisive formation XRPUSD is about to form that can determine upcoming destinies and especially when keeping the potential completion in mind this can prove worthwhile, therefore I detected all the important levels and likely perspectives we should consider.
Structural Developments:
As when looking at my chart now we can watch there how XRPUSD is now forming this ascending-channel-formation marked in my chart with the blue boundaries, besides that XRPUSD has the coherent wave-count within the formation already completing waves A to D in the structure and now with the wave E remaining which is directly running into this strong resistance-cluster where several resistances coming together consisting of the upper-resistance-line in red, the 200-EMA in red as well as the 140-EMA in green and also the upper boundary of the channel, taking all these levels together XRPUSD has this strong resistance-layer within there from where a pullback to the downside is highly likely, this then can lead to a completion of the formation.
Upcoming Determinations:
XRPUSD now is trading in a decisive situation especially when XRPUSD pulls back from the resistance and completes the channel bearish this will complete the channel as a bear-flag-formation and activate lower levels to be reached as it is marked in my chart with the wave C determination, when this happens it needs to be elevated if XRPUSD manages to back-up or firstly continues bearishly to the downside. For now the bearish perspective is still given and it is necessary to elevate how this formational structure here develops further to do not get overwhelmed by circumstances especially as XRPUSD is highly volatile and moving from the up to the downside this is necessary, it will be an interesting development.
Thank you everybody for watching the analysis, a 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, Since Heavy Bearish Pullbacks, Tests Of Resistance!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, 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. Ethereum recently has shown up with heavy bearish pullbacks to the downside that almost exaggerated and protracted within the schedule moving into serious low levels, now Ethereum somewhat recovered marginally nevertheless as I discovered there are still remaining resistances and bearish signs that are important to consider and should not be passed over here, especially after such heavy declines it is not seldom seen that the market sets-up anew and forms continuation, therefore I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart we can watch there how Ethereum is now about to establish this important ascending-channel-formation marked with the boundaries in black, besides that Ethereum has the coherent wave-count within this channel already almost completing waves A and B in the structure and is now forming the wave C that will run into the remaining resistance and firstly move into the lower boundary, when Ethereum manages to hold this boundary and bounce this can lead to the development of the final wave E within the structure otherwise when this does not happen and Ethereum moves below the boundary this can also complete the channel with the ABC-wave-count and move on for further conclusions.
Upcoming Determinations:
Taking all these factors into consideration now Ethereum is moving within this channel which is likely to show up with a breakout to the downside sooner or later, this breakout then will lead to testings of the remaining resistances which will be crucial because when Ethereum does not hold this resistance it will lie ground for further bearish continuation when Ethereum falls below, overall the bearish scenario is in any case not out of the desk and it will be important how Ethereum approaches these remaining resistances, when Ethereum shows up with a swift pullback and strong bearish reaction this is more likely to lead to a bearish continuation, therefore, it is necessary that as sophisticate traders we prepare properly.
Thank you everybody for watching the analysis, a great appreciation 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.
This Is Why BTC Recent Declines Can Just Be Peak Of The Iceberg!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the daily timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. In the last day's Bitcoin showed up with exceptional bearish volatility to the downside after marking its highs at the 58.500 USD level, these facts should in any case not be kept by side here, especially as Bitcoin has still a high overbought value it is not seldom seen that the market continues or forms a major decisive reversal-formation that can also be possible here as I discovered the main formation Bitcoin is currently trading in that can lead to a much bigger reversal and bearish declines than the ones we have seen recently.
Structural Developments:
As when looking at my chart now we can watch there this massive ascending-wedge-formation forming here marked with the boundaries in black, furthermore Bitcoin has established a coherent wave-count within the formation almost already fully completing the waves A to C in the structure, and now Bitcoin is about to form the wave D in the schedule which will directly run into this crucial back-up-cluster marked in my chart in blue which is likely to be the origin of the wave E to the upside that will complete the whole wave-count and run into the upper-extension-zone which is also matching with the upper-boundary of the ascending-wedge-formation and therefore building a coherent resistance-cluster from where a pullback is likely.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin has yet shown up with some very serious price-action especially when looking at this overall big formation about to form here the next times. When Bitcoin manages to bounce in the back-up-cluster and continue as suggested this can lead to the major reversal when Bitcoin finally closes below the lower-boundary, such a price-action will complete the whole ascending-wedge-formation and activate even more bearish pressure to the downside. For now, these scenarios are omnipresent and it is important to be prepared on such scenarios to take appropriate action and do not lie open foot for the market makers and smart money operators also pushing prices up and down, it will be shown how it develops further.
Thank you everybody for watching the analysis, a great appreciation 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.
DEFI Index, Completes Broadening-Wedge, Upcoming Determinations!Hello Traders,
Welcome to this analysis about the DEFI Index, we are looking at the 6-hour timeframe perspective, the recent events, the established formational structure and what to expect in the upcoming times. Since the cryptocurrency market has shown up with increased bearish volatility to the downside it has not seen for a long time I discovered a meaningful formational structure the DEFI Index has formed these times and especially as it completed this decisive formation it is lying ground for the next determinations, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements.
As when looking at my chart now we can watch there how the Index completed this major broadening-wedge-formation bearishly to the downside after it fully completed the wave-count within the formation it has shown up with bearish protraction moving on below the 100-EMA in red to test the 200-EMA in green and this first ascending-trend-line which are two very important bullish reference points and when the Index moves below this will indicate the further bearish continuation especially as the index already completed the wedge-formation this is likely upcoming times when the index pulls back from the dynamic-resistance-cluster bearishly to the downside this will be the origin for the further bearish continuation. When the Index shows up with the expected declines the second ascending-trend-line in blue will be pointed from where a potential recovery can be possible otherwise when this does not happen the Index will continue bearishly below.
Traders the recent events show one more time how volatile the market is and how swiftly the dynamics can alter, therefore it is of high importance that we do not fall into the speculative approach mainly assessed too often these days, it is inevitable to rightly line-up within such phases to do not get overwhelmed by circumstances and also keep the reverse perspective. This is also the philosophy within the channel as we managed to properly hedge on the short-side entering rightly before the strong bearishness exaggerated to the downside. Now it will be important how the market develops here and if there comes potential recovery insight or a new bearish paradigm has established, it will be an interesting development ahead.
Thank you everybody for watching the analysis, 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.
Cardano, Ascending-Wedge Running Into Resistance!Hello Traders,
Welcome to this analysis about Cardano on the 30-minute timeframe perspective. As Cardano recently has shown up with initial bearishness that should not be kept by side I discovered important signs it is currently forming that can indicate a continuation, therefore I detected all the meaningful levels and likely destinies we should consider here.
As when looking at my chart we can watch there how Cardano is now below this ascending-tend-line marked in black which was previously supported and is now resistance, besides that Cardano is below the 400-EMA in red and below the 300-EMA in green which is also important reference-points. Together with the ascending-trend-line and the resistance within the upper-boundary of the ascending-wedge Cardano is forming this serious resistance-cluster here from where a wave to the downside is likely that will then complete the whole wedge-formation and activate downside targets as marked in my chart. For now, the bearish dynamic is still omnipresent and it has to be elevated how Cardano continues here further.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.
Ethereum, Bearish Take-Over, Setting Up The Next Protraction!Hello Traders,
Welcome to this analysis about Ethereum on a 4-hour timeframe perspective. As Ethereum fully completed the major ascending-wedge-formation mentioned in the previous analysis and reached the initial targets, the important supports within this structure did not hold and Ethereum shows up with continued bearish pressure to the downside to the point in which it is now trading and as I discovered is showing significant structures that should not be underestimated here, therefore we are looking at all the important levels and likely destinies.
As when looking at my chart we can watch there how Ethereum strongly moved below this ascending-support-line which held the bullishness to the upside previously, the fact that this trend-line is broken gives a serious bearish edge and especially as Ethereum moved below the 200-EMA as well as the 100-EMA also is adding to the bearish pace established here. Currently, Ethereum is below these important reference-points and testing them within the structure, it is highly likely that Ethereum anew pulls back bearishly to the downside from here and continues with the next wave to the downside. These recent events show one more time that the cryptocurrency market is highly volatile and that it can change direction extremely within days or even hours, in such a market environment it is necessary to keep calm and take the appropriate action with the right trading as we have managed to do so within the channel in Ethereum profiting of the downside action on the short-side. Now it will be shown how this whole journey continues.
Thank you everybody for watching the analysis, 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.
Bitcoin, Potential Bear-Flag-Formation, These Are Crucial Zones!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspective, the recent events, the established formational structure, and what to expect in the upcoming times. As Bitcoin recently has shown up with heavy bearish volatility to the downside and completed the head-and-shoulder-formation I mentioned rightly in the schedule Bitcoin has moved into a bearish pace that should definitely not be underestimated here especially after such heavy declines and volatilities it is not seldom seen that the market sets up to form a continuation, therefore I also discovered the underlying structure Bitcoin is forming that can move into the upcoming determinations, in this case, I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart we can watch there how Bitcoin recently moved into this important ascending-support-line marked in dashed blue also matching with the 400-EMA in light-blue where Bitcoin initially found some marginal support and tested the remaining levels at 54.900 before pulling back again with bearish price-action with which Bitcoin is now testing the lower levels of support again, in this case, Bitcoin is likely to form a second bounce to the upside which will also validate the underlying wave-count, nevertheless, this bounce to the upside will run directly into the strong resistance-cluster marked in red where a pullback has a high likelihood which will be crucial form Bitcoin because this can lead to a completion of the channel as a bear-flag.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin is still in a precarious situation with the bearish pace established here and it will be highly important to elevate how Bitcoin reacts within this major resistance-cluster especially as there is the resistance of the volume-profile still given this is likely to show up with the bearish pullbacks to the downside firstly testing the lower boundary of the channel and when this does not hold a final bear-flag-confirmation will happen below the boundary. The recent events show one more time how swiftly the market conditions can change especially within the cryptocurrency market and that it is of high importance to rightly line-up then as we have also done within the channel properly taking advantage of the bearish volatilities.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
Ethereum, Forms Descending-Channel, Important Considerations!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum in which we are looking at the hourly timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. As mentioned already in the former analysis Ethereum has developed an important ascending-wedge-formation that is about to complete within the next times, if you did not see this analysis I highly recommend it to watch to have a full-depth-overview as this analysis now is looking from a different angle I detected important sings that underline the upcoming considerations, therefore I detected all the important levels and likely destinies we should consider with Ethereums established structure and upcoming movements.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum is about to develop this major descending-channel-formation marked in my chart in blue and besides that Ethereum has the coherent wave-count within the formation already completing the wave A and B in the structure and now Ethereum is about to develop the wave C with its subwaves in which the minor wave C is directly running into this strong resistance-cluster marked in my chart in red from where a pullback to the downside is likely which then will be the origin of the wave C to the downside when Ethereum pulls back within this zone especially when moving below the ascending-trend-line this will finally confirm the further bearish declines and wave C development.
Upcoming Determinations:
Taking all these factors into consideration Ethereum is likely to continue with its established wave-count bearish to the downside upcoming next times and it will firstly reverse when there is proper support found in which it is possible to do so, this can happen within the back-up-cluster marked in my chart in blue, when Ethereum manages to stabilize there it can lead to further testing of previous resistance and to a potential channel-breakout above the boundary as it is marked nevertheless it will be important how Ethereum reacts within the zones and how it develops further then. For now, the bearish perspective should not be underestimated and kept by side here, it will be an important and interesting development ahead.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.
Cardano, Within Descending-Channel, Likely Perspectives Ahead! Hello Traders Investors And Community,
Welcome to this analysis about Cardano, 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. Cardano similarly to other important coins recently has shown up with initial serious bearishness to the downside testing previous levels of support, in this case now I discovered significant zones and perspective we should consider with Cardano, therefore it i inevitably necessary to do not underestimate the bearish developments now especially this shows one more time that markets like the cryptocurrency market are not static and changes can show up faster than expected, this means lining up properly within the market is inevitable.
Structural Developments:
As when looking at my chart now we can watch there how Cardano now developed this major descending-channel-formation marked in blue within my chart, besides that Cardano almost already completed the waves A to C and is now about to form the wave D upcoming within the schedule, this wave D will run directly into the resistance-cluster marked in my chart in red from where a pullback to the downside is highly likely that will then be the origin for the wave E to the downside that will complete the whole wave-count and run into the back-up-cluster where the crucial decisions will be made and when Cardano has the ability to back-up within this can also lead to a great reversal and breakout outside the channel.
Upcoming Determinations:
Taking all these factors into consideration Cardano has shown up with these serious bearish declines and now it is the time for Cardano to show the further developments and how the situation establishes, therefore it is highly necessary for Cardano to show up with the right price-action after finalizing the wave-count when this does not happen and Cardano stays within the channel building up the more bearish pace the situation needs to be elevated and the continuation should not be kept by side. Out of a trading perspective, it is always necessary to handle such situations appropriately to do the right thing when markets begin to change course and direction, when this is done right as we have also managed such volatility can lie great opportunities.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.
Bitcoin, Develops Decisive Formation Altering The Dynamics!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin, we are looking at the 45-minute timeframe perspectives, the recent events, the established formational structure, and what to expect in the upcoming times. Bitcoin now technically has reached overbought conditions not only on the global perspective but also at the local perspective, it has reached a high value and levels within the monthly RSI only seen three times in history, now this does not mean Bitcoin is completely bearish nevertheless I discovered significant signs that should in any case not be kept by side here especially when Bitcoin shows up with further conclusions it is important how the situation develops, therefore I detected all the important levels and likely destinies.
Structural Developments:
As when looking at my chart now we can watch there how Bitcoin is now forming this very important and decisive head-and-shoulder-formation marked in blue within my chart where it is now still holding above the 100-EMA nevertheless Bitcoin moved into the EMA and firstly tested it, this EMA is a very important reference point in the structure and when Bitcoin closes below this will give the edge for the final completion of the formation. The next times we can expect Bitcoin to develop the right shoulder within the schedule which will run directly into this major resistance-cluster marked in red and where a pullback to the downside is likely to follow up completing the whole formation and activation of further continuation.
Upcoming Determinations:
Taking all these factors into consideration Bitcoin will likely complete this formation in the upcoming times and when it happens it will activate targets seen in my chart marked in blue, these levels are also potential recovery-zone and it is highly necessary for Bitcoin to back-up there considering any serious bullish continuation. This shows one more time that it can prove fatal when only have a one-sighted direction in the market especially these times it is always important to keep the reverse perspective also to do not get overwhelmed when markets change which is likely within the cryptocurrency market as it keeps being volatile as traders it is necessary to rightly line-up, therefore, it will be an interesting development ahead.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.
Litecoin, In Channel, Two Scenarios, One More Likely To Develop!Hello Traders Investors And Community,
Welcome to this analysis about Litecoin, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure and what to expect the upcoming times. Litecoin the last times is moving in a more or less volatile indecisive zone where it showed up with new highs however pulled back again after these and as I discovered now it is forming an important formation which can show up with two possible scenarios of which one has a higher likelihood, therefore I detected all the important levels and likely scenarios we should consider with Litecoins established structure and the upcoming movements as well as destinies we should consider.
As when looking at my chart now we can watch there how Litecoin is trading within this major ascending-channel-formation in which it already developed the coherent wave-count to the upside finalizing waves A to C in the structure from where it pulled back and moved into the lower boundary to test the sustainability initially, this will be the crucial part in the whole structure because it is a major decision-zone as it is marked in my chart from where the next conclusions will result with either the bearish scenario to the downside likely to show up with 65% possibility or the bullish one with a stabilization above the supports likely to show up with a possibility of 35% nevertheless it is highly necessary to wait for the proper confirmations here. Taking all these factors into consideration Litecoin will show up with the final confirmations next time and as scenario 2 has a higher likelihood this should be expected, after the proper scenario has shown up the situation needs to be elevated anew and where Litecoins journey will move.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
XRPUSD, Completes Determining Formation, Upcoming Perspectives!Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, 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. XRPUSD recently showed up with some serious initial bearish declines moving below previous support that are necessary to assess here. In this case, I detected a formational structure XRPUSD has developed lying ground for the next determinations especially in the next times it is important to elevate what is possible and what is not possible for XRPUSD to move with the given circumstances and adapt to the individual scenarios, therefore I detected all the important levels and likely destinies we should consider here.
Structural Developments:
As when looking at my chart now we can watch there how XRPUSD just recently completed this major bear-flag-formation within the schedule marked in blue, this formation built wave C within the main ABC-wave-count where wave A already developed previously with the initial bearish pullbacks. Now as XRPUSD is below the lower boundary of the bear-flag-formation this will be the setup for the major wave C to develop in the structure which will move on and protract till there is proper support found in which XRPUSD can back-up and stabilize again, this is likely to happen within orange back-up-cluster marked in my chart which is also highly important to hold because when this does not happen the continuation will follow below.
Upcoming Determinations:
Taking all these factors into consideration XRPUSD is firstly in a precarious situation where more bearish pressure is likely to show up within the next times, this is a fact that should not be underestimated in any case here especially as the cryptocurrency market is highly volatile and can change direction more fastly as it is seen within the past. Therefore it will be determined on how strong this wave develops and how XRPUSD manages to back-up in the structure and stabilize further as suggested, when XRPUSD manages to stabilize within the lower supports and move on higher this can also lead to a great descending-channel-breakout with the testing of higher levels ahead upcoming times, it will be an interesting development.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
Ethereum, Key Wedge-Formation, These Scenarios Alter Dynamics!Hello Traders Investors And Community,
Welcome to this analysis about Ethereum, we are looking at the 4-hour timeframe perspective. The cryptocurrency market keeps highly volatile, in this manner changes in direction can occur more fastly than expected as the past has shown already, as traders it is important to be aware of such dynamics to do not overextend the market into a one-sighted direction happening too often these times. In this case with Ethereum now I discovered a decisive formational structure Ethereum is building that can lead to a continuation of the previous established bearish declines especially when Ethereum shows up with the determining price-actions, therefore I detected all the important levels and likely meaningful destinies we should consider here.
Structural Developments:
As when looking at my chart now we can watch there how Ethereum has established this key and protracted ascending-wedge-formation marked in my chart in blue, besides that Ethereum already fully completed the coherent wave-count within the formation ending up with the final wave E after which Bitcoin pulled back and moved initially to test the lower boundary of the wedge-formation, this is extremely crucial here because when this boundary does not hold and Ethereum increases with bearishness further in the level declining as it is shown in my chart, the final breakout below the lower boundary and close below will complete the whole ascending-wedge-formation and activate the targets with increasing bearishness ahead.
Upcoming Determinations:
Taking all these factors into consideration Ethereum is in a situation now where this major decisive formation can complete within the next times, therefore it is necessary to do not keep this scenario out of sight and be prepared for the final breakout below otherwise when this does not happen the wedge can also invalidate to the upside with strong bullish increasing and a breakout above the upper boundary however as the signs now show this is not the most likely possibility. After Ethereum potentially confirmed the major formation this will activate the targets from where the situation needs to be elevated anew and if Ethereum shows up with the proper stabilizations further or not, it will be an interesting journey.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.
Bitcoin, Develops Decisive Triangle, These Levels Are Important!Hello Traders Investors And Community,
Welcome to this analysis about Bitcoin on the hourly timeframe perspective. Bitcoin the last times has shown up with some serious bearish pullbacks in the structure moving below previous support-points which served important within the bullish trend-development, the fact that Bitcoin fell below these levels with this initial bearish volatility should not be underestimated, this is why we should not keep this bearish possibility by side to do not overspeculate the market into one direction only as it is happening these days, this means anticipating the market rightly to do the proper decisions and take the appropriate action finally facilitating into consistent sophisticated trading over the time because this is where the true magic happens.
As when looking at my chart we can watch there how Bitcoin now pulled back to this very very important ascending-support-line marked in my chart in black, with these pullbacks Bitcoin has formed a triangular-cluster-formation marked in my chart in orange with the coherent wave-count within the formation almost already completing waves A and B within the schedule and now Bitcoin is about to form the wave C that will move and test the triangle-support marked in blue within the lower boundary which is highly important to hold considering a bullish breakout to the upside of the triangle, therefore it is inevitably important that Bitcoin rightly bounces within this zone and forms the breakout above the upper-boundary completing the triangle bullish and activating further continuation, otherwise when this does not happen and Bitcoin falls below this will indicate the wave-C-extension as it is shown, these final confirmations need to be contemplated upcoming times.
Bitcoin now is in a situation in which it has reached high levels that are also running into serious overbought conditions as the main monthly relative-strength-index also shows, in such a situation it is necessary to assess the market from the right angle and do not move on with unrealistic approaches like people saying Bitcoin will reach the market cap of gold in one or two weeks, this is not logical because history has shown otherwise and this is why as sophisticated traders we need to keep a fundamentally solid approach and anticipate such changes in direction to not get overwhelmed by circumstances and proceed in the market rightly as we have also managed in the channel, especially in volatile cryptocurrency this plays a key-role for further advancements.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.
Cardano, Completes Solid H-S-Formation, Upcoming Objections!Hello Traders Investors And Community,
Welcome to this analysis about Cardano, we are looking at the hourly timeframe perspectives, the recent events, the established formational structure, and what we can expect in the upcoming times. Cardano in the last times has shown up with some very interesting price-actions as it also managed to advance further and form new highs in the schedule, besides that I discovered the underlying formational structure Cardano is developing here in which Cardano showed up with some great confirmations, therefore I detected all the important levels and likely destinies we should consider within the established structure and the upcoming movements ahead next times.
Structural Developments:
As when looking at my chart we can watch there how Cardano has now completed this major inverse head-and-shoulder-formation within the schedule with this great volatile breakout above the neckline and further bullish determination, now as this happened Cardano moved on to test the upper boundary of this ascending-channel-formation from where initial pullbacks are likely, these pullbacks will move on to test the lower levels of support marked in my chart in blue which is also matching with the neckline, in these levels Cardano has a high possibility to stabilize and back-up again to continue its journey to test the upper levels and approach the dynamic upside-target-range marked in my chart in orange.
Upcoming Determinations:
Taking all these factors into consideration Cardano has initiated a great formation and already completed it, now it is the time to show up with a further conclusion. When these happen and Cardano manages to increase with bullishness it will be decisive how Cardano reacts within the zone and if there comes an immediate bullish continuation or firstly a reversal to lower levels which is definitely not unlikely in this case. For now, we need to elevate how Cardano proceeds further and how it reacts within the levels of support to back-up within this zone again, it will be an interesting development and journey ahead.
In this manner, thank you for watching the analysis and for everybody supporting it is great contentment, have a good day and trading!
"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 markets.