Coin_Analyst

Coin_Analyst

Price action of Litecoin from ~$109.89 on April 01,2018 till date is identified in this analysis as a regular flat Elliott wave structure. Possible termination point of the current progression in Litecoin i.e. target area for Minute wave ((c)) of the regular flat is based on a 123.6% and 138.2% projection of Minute wave ((a)). The target area is therefore between...

Coin_Analyst

The meandering price action of OMGUSD (OmiseGo) based on its 1hr tf is captured in this analysis using an ascending triangle chart pattern. The width of the triangle (vertical black arrow) is ~$9.82 - $7.92 = $1.90. Possible target area for price after a breakout above the horizontal line of the chart pattern involves vertical projection of width of the triangle...

Coin_Analyst

Price action for XRPUSD (Ripple) from open ~$0.46 on April 01, 2018 up to price close of ~$0.55 on April 04,2018 is identified in this analysis as a Minute wave ((a)). A 3 wave (corrective) move back to ~$0.46 i.e. Minute wave ((b)) implies that the entire structure should be a regular flat Elliott wave structure. Minute wave ((c)) is expected to retrace Minute...

Coin_Analyst

Price swing for XAUUSD (Gold) from ~1353.67 on March 27,2018 to ~$1322.85 on March 29,2018 is identified in this analysis as a 5 wave move. This implies that XAUUSD should complete a zigzag (5-3-5) Elliott wave structure. Arrows used on the chart show the trajectory for price action. The Target area for XAUUSD before a sell off is between $1356.82 and $1351.55....

Coin_Analyst

Price swing from ~0.00005613 on January 26,2018 to ~0.00002311 on March 18,2018 indicates the completion of Minor wave 1, Minor wave 2 and Minor wave 3. XLMBTC (Stellar Lumen) is currently in a Minor wave 4 position. The 38.2% and 50% retracement (target area) of Minor wave 3 by Minor wave 4 is used in this analysis as the possible termination region for Minor...

Coin_Analyst

My previous post on Ethereum Classic can be found here It was mentioned in the post that Ethereum Classic was in a minor wave 5 position and more selling was to follow to complete minor wave 5. Ethereum Classic is identified in this analysis as having completed minor wave 5, which also terminates an intermediate wave (C). This implies that Ethereum classic...

Coin_Analyst

Price close of ~0.00000327 on March 18,2018 has been identified in this analysis as the termination point of a Primary wave degree i.e. wave ((X)) or an intermediate wave degree i.e. wave (C). Besides, minor wave W at ~0.00000985 on April 03,2018 is the latest pivot for XVG/BTC. The implication of the above is that minor wave X should follow after which minor...

Coin_Analyst

My previous post on XRP can be found here: Analysis of XRP then called for a minute wave ((y)) back upwards to ~$0.74 for XRP to finish a minor wave 4 position and then collapse for a minute wave ((v)). XRPUSD did not return for minute wave ((y)), but instead continued the sell off. Price action at the time of this post appears to have completed a minor wave...

Coin_Analyst

My previous post on Litecoin which called for prices to return to between $136 and $140 can be found here: Analysis then was also anticipating prices to collapse and move below $100 for Litecoin. Upon reviewing the price action for Litecoin, it appears that minute wave ((v)) anticipated to terminate a minor wave C has indeed ended. Market action after April 1,...

Coin_Analyst

The 4hr tf chart of XAUUSD (Gold) shows that price has been meandering ever since Gold made a high of ~$1,365.95 on January 25, 2018. The chart pattern that best describes the meandering price action of XAUUSD (Gold) since January 25, 2018 is a descending triangle. This chart pattern ideally has bearish implications, but not all the time. This implies that a...

Coin_Analyst

XAUUSD (Gold) analysis carried out last week can be found here: In the analysis last week, an intermediate wave (Y) was anticipated that would see XAUUSD (Gold) continue its bullish trend. This is not what transpired based on market close for last week. XAUUSD instead sold off after reaching ~ $1356.66. The current analysis shows a bearish scenario for XAUUSD...

Coin_Analyst

Litecoin's (LTCUSD) should continue its bearish trend and any bullish momentum will not be sustained. Progression of the bearish trend based on Elliott wave analysis indicates the termination of a minor wave B at ~ $173.09. A minute wave ((iii)) position of minor wave C appears to have terminated. If this is so, minute wave ((iv)) is next and is anticipated to...

Coin_Analyst

The downtrend in price of Monero (XMRUSD) from ~$373.69 on March 5,2018 to ~$186.32 on March 18, 2018 is identified in this analysis as a minor wave A position. Monero is therefore currently in a minor wave B position that has not terminated yet. The target area ($242.89 and $254.38) marked on the chart indicates the potential region of termination of Minor wave...

Coin_Analyst

The previous post for the 4 hour timeframe Elliott wave analysis of Ethereum classic can be found here: This post provides an update. Price swing currently from the end of minor wave 3 (in red) up to ~$20.79 has been identified as a minor wave 4 position. Ethereum classic based on this analysis is therefore in a minor wave 5 position. The implication of this is...

Coin_Analyst

Price swing from ~$1.08 (March 5,2018) to ~$0.55 on March 18, 2018 has been identified in this analysis as a minor wave 3. Minute wave ((y)) is currently on and its termination marks the end of minor wave 4. Minor wave 4 is shaping up so far as a zigzag (5-3-5) Elliott wave structure.A 38.2% retracement to 50% retracement (i.e. ~$0.75 and ~$0.82 respectively)...

Coin_Analyst

Price action from from Jan 25,2018 (~$1364.62) to March 20, 2018 at ~$1310.23 has been identified in this analysis as an intermediate wave (X). An intermediate wave (Y) upwards is anticipated to complete a zigzag Elliott wave structure. The current upswing terminated at a minute wave ((iii)) position and a 38.2% to 50% retracement (i.e. between $1339.60 and...

Coin_Analyst

Bitcoin price swing from ~$11,508 on March 5, 2018 to ~$7381.50 on March 18, 2018 has been identified in this analysis as a minor wave B position. This implies a movement upwards for minor wave C. Minor wave B terminating above the starting point of minor wave A indicates a zigzag Elliott wave structure. Retracement of the current upswing from the March 5 low is...

Coin_Analyst

Litecoin has been meandering ever since it hit a high of ~$252.86 on Feb. 20, 2018. A price channel has been used in this analysis to capture price movement for Litecoin since the above mentioned date. The upper channel line was drawn to touch previous highs (at least two) and a parallel line was then drawn across price lows (also at least two since a valid...