We're tracking A-B-C move from the highs on IOTA, and expect final 5th wave down of larger degree C wave. After this final drop we expect fresh impulse cycle to start.
As the recent rise in price was made only in three waves, we conclude that the current downtrend isn't finished and more downwards move is left. Hence I expect the price to fall as projected on the chart. Trade with care! Lets make some profits. Skrr skrr. - ElliottWavesBro
I expect the bullish pennant to breakout to the upside to finish wave 5 of bigger degree wave 3, with price having the potential to over-shoot to 112.6, if not more.
Looks like XVS has still more room to the downside, with it currently forming a bearish triangle with target $2 to find its support, and then we may see bulls show up.
After a brief correction for w2, I expect Ripple to push forward and reach $0.46 for W3
Today I was looking at some volume monitor bots and noticed big buy orders for SYScoin and decided to have a look at it, oh boy we're anything but bullish on this one. I expect it to find its bottom at around $0.0038 range, so stay away from this shitcoin lads.
Every price cycle consists of 5 waves, and for WAVES, last move up for wave 5 is missing. Current downtrend can end at pivot point $7.55, if we lose this price point, next big support zone is around $5.40 - $4.80 range, where fib 0.886 also rests. Entering the coin when it breaks the red trend channel would make your entry safer, confirming the current downtrend...
I am observing a W-X-Y correction on YGG, where in the last corrective wave Y, 5-th wave is still missing after completing an A-B-C-D-E bearish triangle. Target for the final wave could be around $1 range, where this coin could find its bottom and start a new bullish run.
If the current move is indeed wave 1 and wave 2 of a new bullish cycle, then we could see the price approach its previous ATH.
As you can see, not every coin is bullish or has a structure ready for a new bullish cycle. For CTSI, we expect a corrective rally upwards for corrective wave (B), and then more downside for wave (C). Hence be careful and choose your altcoins to trade or invest wisely. Not every coin is bullish. Some are in corrective phase.
If we're indeed forming a triangle, there are still 2 waves missing for a A-B-C-D-E triangle for wave (B). If we complete the triangle pattern, then we can expect a bullish run for wave (C) with targets marked on the chart.
CHZ is making its last corrective move, which can be forming an ending diagonal pattern for wave C of higher degree corrective (C) wave. After completion of this move and a breakout to the upside from the diagonal, we can expect a new 5 waves up impulsive move to the upside, which can reach previous ATH, or increase even more!
All the necessary details have been added to the chart. As always, wait for the pattern breakout for a confirmation and a safer trade. Bond is known to make massive spikes when such setup forms on it, for which we have : - Bullish MACD forming - Bullish falling wedge pattern Good luck to you
All relevant information has been added to the chart.
Like most other altcoins that are creating bullish structures, I notice the same for BAND as its finishing A-B-C correction, where the last corrective wave C is unfolding an ending diagonal pattern. Once the pattern is completed, and we breakout of the pattern to the upside, we can expect a new bullish cycle unfold. Significant resistance zones have been placed...
I am tracking A-B-C correction for AR, whereas the last corrective wave C is unfolding 5 wave ending diagonal pattern, and once the pattern is complete and breaks out to the upside we can assume a start of new bullish cycle for this coin. Pay attention to the strong resistance zone.
Usually, when dinosaur coins like ARDR pump, its a signal that alt-run is nearing its end. I am observing a bullish A-B-C-D-E triangle for this coin, which maybe wave 4 of a larger degree, with bullish 5th wave pending.
If RBN doesn't go below $1.29 and bounces above this price level, then it will go up for a 600% increase!