This is definitely a coin with longterm potential. It has currently experienced two Elliot impulse waves and has just started its third and final one. On top of that, in that move it's gonna complete the inverted Head & Shoulders providing it with sufficient power to reach the target around 37.5k sats. After that we should have a ABC-correction.
NEO has started to form the last leg of the right shoulder, this should bring us to about 74k. If we have enough power, which is very possible with neo, this could slingshot us towards the second target around previous tops of 83k. Don't look at the timeline btw.
I hope I'm looking at a symmetrical triangle, rather than a bearish pennant. The downward flagpole was preceded by an upmove that was quickly negated by the rise of btc. Still, it makes me feel like there's buyers standing by ready to support a rally up, especially with btc looking bearish which should give this coin the push it needs to move up.
DCR is moving inside a ascending triangle which it should be able to break out of shortly. This will kick off the second impulse wave, perhaps to the 1.618 Fib-extension. After a bounce the third wave could take us to about 1M satoshis, indicated by the confluence of multiple signals.
BTC is moving downward in a rising wedge, which already is a bearish pattern. It's also completing a big Head & Shoulders, which will add pressure to the downward move.
Looking to finish a H&S, buying at the bottom would present close to a 1:13 risk-reward ratio.
Looking at VTC, it has completed two consecutive sequences of Elliot wave. We just reached the peak of the second sequence so we're due a healthy ABC correction. I've suggested some targets here, based on the Fib-levels of the previous ABC correction. (A) - Last time located around the 61.8-line, applying this again would land us around 22k (B) - Will be just...
SYS just completed a 5-3 pattern, and upon completing the ABC correction it broke through the resistance. Based on Fib levels, trendiness and extrapolating the set of impulse Elliot waves I have constructed three potential targets. Let me know if it's bullshit.
BTC broke the support line today and has since tested it as resistance, thereby forming (part of) a Head & Shoulders pattern. If we take the distance from the top of the head to the neckline, we know the expected drop from the bottom of the right shoulder. It would bring us right to the support line around 3900-4000. Let's see if the pattern gets finished and if...
Game had a pretty good rise up to 68K the other day. If it can break through that resistance it could go up to about 100K, forming a nice cup. From there we might see a retrace that should go no lower than the 68K support. If the handle forms and we break free we could reach 170K, which coincides with a previous top and the 0.786 Fibonacci level. That would give...
$NEO is moving up that's for sure. How far, who knows.. But looking at the previous highs and the confluence with the Fibonacci extension this could be a good place to take some profits. I'm no expert though, so any feedback is welcome!