Target of flag is 5usd which lines up with the 4.25 ext of the 1st wave and approximately top of bullish channel. Stop loss below last structure high / (trailing) below parallel baseline
Hello eth. You had a large consolidation in the form of a triangle. Fortunately, you broke upwards, so your next target will be in the 500s. I wish you a great emotional journey.
Lately IOTA has been having less activity than usual. People seem to be less interested in the OMG/IOTA hype and are now into the NEO/XRP hype. Huge bounces and more than positive correlation with bitcoin has dissapeared. Because IOTA didnt form many supports on the raise we currently only have the 2 supports that i showed on the chart and the fibonacci supports....
Bitcoin's still above the cloud and OBV just confirmed uptrend. Break 4520 -> Ath 0.57% / 5200+ Break wedge to the downside -> Take profit and short it to the Fib extensions
sup guys, Santiment is showing some textbook correction pattern in the 4th wave. Its a running flat (higher B, lower C, whereas the C leg typically has wicks below). This means a 5th wave is next. I also noticed daily volume has broke record of the history of this coin and it's slowly getting more attention then the first wave, which went to about .5. We could...
After a impulsive move down BTC overextended and bulls bought it back up immediately. 3875 resistance which is also the bottom of wave 1 was rejected. This means that another wave down is likely. However, fifth waves can be shorter and a double bottom or a higher bottom is possible (truncated fifth). My first target is the bottom of the parallel channel & the .61...
Just take a look at this and decide for yourself
Going long targets and SL in chart. maybe I sell 50% at TP, will evaluate +update post when we test rests
Hello everyone, here is my look on Ripple's current status. I plotted all the waves in the chart, if you have any questions or different opinions about the waves please feel free to comment about it. Situation After a huge move to the upside Ripple started a pretty long term correction. The correction was around 88%. although this seems devistating, wave 2 in...
OMG making huge moves, and is fundamentally supported by a lot of good stuff. I'm holding this one.
looks like another flag, w5 is coming soon with a target of around 1.6 max, will probably see a retrace after
IOTA broke the downtrend with the first motive wave to around .30. After some consolidation in the form of a triangle, wave 3 was initiated. This wave is in the 11th extension right now. You can see this because every subwave looks almost the same, and the angle of the entire wave 3 stays in the same degrees. Possible upcoming moves: The recent spike to .75s...
Really amazed by the upward movement. It looks very much like a start of a new bull wave. I mapped it out on EW and gathered some evidence to support the view. Still can't believe it, so i'm only buying when eth breaches the top of potential wave 1.
This will be my trade setup IF first downtrend line gets broken. - Orders are spread out between the fibonacci lvls (light-brown box) - SL @ 2220 - TP = green boxes
All info on the chart. let me know what you think!