There is the possibility that wave 5 was completed with the recent ending diagonal which resulted in a selloff and we may correct lower; however, Bitcoin is holding 22300 very strongly and has proven to be a support zone above 20k. We came down in an ABC, C wave being 5 waves and came back up in 5 waves meaning the correction may be completed and we can continue...
ZIP pay looks to be beginning impulsive price action to the upside, 1st wave has 5 wave structure with valid sub wave divisions. Entry at current prices is reasonable with a stop under 5$. Long term goal of 50$.
Here is my lower time frame internal count, pointing towards further upside however, be cautious as we go up as to the lower time frame count as termination of the count could lead to a sell off. Looking at the count on the larger time frame, my preferred count is that we are in a 5th of a 5th of a MACRO 3rd wave; with us having just completed the first wave of...
XRP looking for a move into 1.10-1.20 $ range where there is fib extension confluence where we can expect some strong resistance; being a potential take profit zone. After hitting 0.78$ we came down in a corrective fashion (ABC correction; C wave being a 0.786 extension of A) coming down to around 0.45$ before we spiked up and brings us to the consolidation we are...
Monero in a Strong uptrend and building on its next market cycle. In a previous post i have swing high of 2017 as wave 3 top meaning we are building a MACRO 5th wave which will take us above ATH towards 3000$ level long term. That idea is further complemented by the wave count we are seeing now; where wave 3 looks extremely extended, current wave structure being a...
There is a clear count for a completed ABC to the upside which will result in a large sell off. Bearish confirmation: 4 hr bearish MA crossover which is about to happen, 4hr 200 MA maintaining resistance and break off large rising wedge/ascending channel trend line. Short targets: 354, 335, 308, 250
Zcoin has an extremely promising month ahead with Lelantus protocol release late September as well as halving in late September as well. Fundamentally these two events are hugely important and has the potential to drive the price up in coming weeks. Technically, the chart looks very strong for many reasons and a move up is very likely. Price is currently...
Atom is following fib extensions with extreme accuracy as well as the Original Pitchfork following the up trend. Atom is going up in a corrective fashion in a WXY count finding resistance at each fib level; in order for us to keep moving up we need BTC to move up and will ultimately depend on how BTC travels. In the event that BTC does continue up ATOM has a good...
Tezos is showing some relative strength about the Median line of the pitchfork after reaching the GREEN 0.5 line to a tee it retraced to key support of 3.33$ with confluence of the Median Line. If it can hold there is a possible move up to 6.60 $ which has confluence with 3 ideas; Upper median line resistance, 1.382 fib extension of larger W wave from x and also...
Link has completed an ABC with a clear count coming up and reaching strong resistance at the upper Median line of the Modified pitchfork which it has been following and adhering to perfectly for some time. There is also a clear count for a WXYXZ of which started at the beginning of the market pair and propelled it to 20$ ATH. I beleive a Macro correction is due...
Atom following Original Pitchfork to a tee. Median line has been respected very well and has incurred a sell of 3 occasions and now price sits at the Median line currently after a strong push past resistance 6.646$, However if price can push past median line we can expect a strong rise pushing past ATH and targets sitting around 8.3$ (1.236 fib extension) and 9.7$...
Megaphone pattern on 1 hr, broken out and looking to continue upwards towards strong resistance at 2.40$ where taking profits is advised.
After a crucial support/resistance flip of strong resistance at 0.50$ and the formation of a bull flag continuation pattern; there is very good reason for strong upside with targets at: 0.88$ and 1$
Bullish ascending triangle formation below key resistance of 98$, look for breakout above 98$ and retest for entry. Targets: 120$, 140$
This is my Elliot wave count for Monero. Where i believe we have put in a bottom at 24$ on MARCH 2020 and we are currently in a wave 5 which may continue for some time. There is a 4.236 fib extension of wave 1 to wave 3 which gives validity to the impulsive count. Key resistance level at 98$ in which we are consolidating below in what seems to be a bullish...
Monero (XMR) broke through key resistance level at 76$ and broke multi month downtrend and now consolidates beneath strong resistance at 98$ and seems to be forming an ascending triangle formation which is extremely bullish. if 98$ can be broken expect strong upside with targets at: Target 1: 118$ Target 2: 142$ Target 3: 164$ Strong resistance as well as...
Impulsive price action to the upside. The new impulse to the upside is well and truly begun, first target is 5.3$; sequential targets are shown on chart. If looking for entry wait for pull back on lower time frames to get in and use stop loss. Targets: 5.3$ , 6.8$ once 5.3$ is broken buy on retest is a possible trade with strong upside potential GOOD LUCK!!...
Lisk has tested strong resistance at 1.35$ multiple times which is the 0.236 retracement from ATH and a daily close above could mean the beginning of a new impulse to the upside. Given the impulsive nature of the previous breakout to the upside which concluded on FEB 2020 and reached a price of 2.80$ and the extensive consolidation since then (rounded bottom),...