UnknownUnicorn25186196

UnknownUnicorn25186196

Basically my idea drawn on the chart. A triangle has formed and based on the RSI, previous key zone and EMA100 as support making it a nice reversal point. NFA

UnknownUnicorn25186196

The price has reached to a very strong resistance zone in 4H, daily and even weekly Timeframe and has started to lose momentum, on the shorter timeframes we can see that a bearish breakout has happened and we are getting lower lows which makes it a good point to get a short position. NOT FINANCIAL ADVISE

UnknownUnicorn25186196

As we can see in the chart the current resistance is acting strong and the price is losing momentum, based on the RSI we are having lower lows and on the daily short trendline, we can see a bearish breakout which means the price is most likely to go down to previous support zone (41-42K) which based on the FIB retracement happens to be on the golden number 0.618...

UnknownUnicorn25186196

ALGO looks bullish considering dominanance looks bearish as well as most of the altcoins below SMA200 hitted SMA200 or even higher, so we expect ALGO to follow ETH as well and hit at least its SMA200 which is around 1.07. NFA

UnknownUnicorn25186196

SNX looks bullish considering dominanance looks bearish as well as most of the altcoins below SMA200 hitted SMA200 or even higher, so we expect SNX to follow ETH as well and hit at least its SMA200 which is around 15. NFA

UnknownUnicorn25186196

ZRX looks bullish considering dominanance looks bearish as well as most of the altcoins below SMA200 hitted SMA200 or even higher, so we expect ZRX to follow ETH as well and hit at least its SMA200 which is around 1.24. NFA

UnknownUnicorn25186196

ZIL looks bullish considering dominanance looks bearish as well as most of the altcoins below SMA200 hitted SMA200 or even higher, so we expect ZIL to follow ETH as well and hit at least its SMA200 which is around 13. NFA

UnknownUnicorn25186196

Based on the chart we can see the uptrend has been broken and the rate has come down to the previous super strong support zone and it's ready for the pullback to approximately where I pointed which means a few days of Altcoins dumping.

UnknownUnicorn25186196

Looks like the ABC Correction wave has been finished and RSI 50 is acting as a strong support as it has been for quite some time now, we can see that EMA 200 has also acted as a strong support, as you can see in the bullish trend as well, all the reasons to probably seeing a few days to a week bullish days if there is no major changes in BTC structure.

UnknownUnicorn25186196

Looks like the ABC Correction wave has been finished and RSI 50 is acting as a strong support as it has been for quite some time now, we can see that EMA 200 has also acted as a strong support, probably will be seeing a few days to a week bullish days if there is no major changes in BTC structure.

04:44

UnknownUnicorn25186196

Well all the details and thoughts are explained in the video. NOT FINANCIAL ADVICE Note: This is my first video of TA on TradingView so pordon the quality of my voice as well as me lacking in some vocabulary. Please upvote if you liked it and would like to see more TAs from me.

UnknownUnicorn25186196

Looks like after a quite strong bull run and being super overbought, the bear run has gotten started for AXS, based on this TA we are gonna have a 5-3-5 ABC correction wave which the first wave seems to be finished, we're probably gonna be seeing some bull movement in the 4 hours timeframe since the RSI 40 is gonna act as a temporary support and and starting the...

UnknownUnicorn25186196

Based on Elliot wave the 4th wave came down lower than wave 2 which voids the pattern, the next Elliot wave has taken place again and the second wave has retraced to fib 0.786 which happens to be EMA 100 as well, looking as a strong support specially that RSI is hitting 40 and is acting as a support from here on we expect the price to bounce back and ideally reach...

UnknownUnicorn25186196

Details in the chart Not Financial Advise

UnknownUnicorn25186196

The RSI is about to reach to previous support at 40, based on trendlines and elliot wave seems like the wave 4 has retraced enough to fib 0.5 - 0.618 and is ready to go higer.

UnknownUnicorn25186196

Based on Elliot Wave the second wave looks to be finished with facing strong support at fibo 0.382 - 0.5. On RSI the RSI 50 which was acting as resisitance is becoming the new support. EMA 200 has started to cross over and looks like a good opportunity to go long. Feel free to comment what you think in the comments and for more TAs please follow and upvote. NOT A...