Litcoin has finished 5 Elliott waves and will likely correct soon. The RSI is displaying bearish divergence, where the prices goes higher, but the RSI does not, indicating a loss of strength. A key point to watch is the 47 RSI level on the ascending RSI support line.
ETH is currently trending along a upward sloping trend line. It could be an area for the price to bounce of. In addition, the RSI is bouncing off the 40 RSI support level that has been held for 11 days. The $151 to $155 is a key resistance level to watch as it the price has been rejected multiple times in the past. If it breaks that area, a key area to watch is...
Bitcoin is displaying bearish divergence on the RSI. The divergence suggests that the bulls have exhausted their momentum, and the price will correct to reset the over-brought indicators before any further major price moves.
ADA has currently completed 5 subwaves of the third wave. The RSI is displaying bearish divergence, where the price goes higher, but the RSI does not. This could indicate that ADA is losing strength even though the price is increasing. This is further supported by the declining volume and rising wedge pattern, which show that the amount of buyers are decreasing....
Neo has finished 3 Elliott waves and is in the mist of completing the 4th wave. Currently, the price is bouncing from the support of a rising channel and 0.382 fib level (not shown in chart) after forming an ABC correction. There is a possibility that the 4th wave correction will extend longer as it does seem a bit short. If a longer correction occurs, the most...
Bitcoin could not break the previous high and now is forming bearish candlesticks. Bitcoin formed two spinning tops, which shows uncertainty on whether the trend would continue, but it is followed by a evening star, which suggests that the trend may reverse.
Cardano broke through a former resistance level of 0.00001080 to 0.00001090 and now is retesting the level as a support. The resistance level rejected the price numerous times in the past and should serve as a strong support level. If the support level holds, Cardano could test the former highs.
Ethereum has reach a resistance level of a previous high. The RSI is displaying bearish divergence, where the price goes higher but the RSI does not. This suggests that Ethereum is losing strength despite the price increases.
Bitcoin's narrowing price range and low volume creates the perfect condition for massive volatility. The low volume means whales can easily move the price several percentage points with a market order. In a couple of day, we will likely see a massive move up or a massive move down. I have outline key resistance and support levels that have bound the price in the...
BCH is forming a bull flag both on the smaller time frame and the longer time frame. The bull flag could signal continuation of the breakout from the falling wedge. The breakout of the bull flags could bring the price to the $230 to $235 resistance level (of the previous high). With a 1 to 1 extension of the flag pole, the price could reach $300!
LTC is rejecting at a major resistance level and is forming tweezer tops. This could signal a move to the downside.
Ethereum has formed five Elliott, and the price also hit a major support of the expanding ascending triangle. These confluent factors suggest a correction soon to at least the 0.382 fib level or the bottom of the triangle, maybe even deeper. However, the five impulse waves suggest that ETH's trend changed and it's the beginning of a bull run or it is forming some...
Bitcoin has formed an bull flag and bounced off a former support level with long wicks. The RSI is displaying bullish divergence.
BCH has completed an ABC correction and should start on the next impulse (unless a WXY structure occurs). It could be an opportunity to scalp some same gains for the X wave or load on some BCH before the 3rd wave pump.
BCH has completed 5 waves down. The fifth wave is a falling wedge and is showing bullish divergence on the RSI.
According to my Elliott Wave count, Ripple is currently in wave 4 and is forming a descending triangle. A support is formed among the bottom of the triangle and the 0.382 fib, which could provide the bounce for a fifth wave.
LTC is still missing a fifth wave up and finished most of the ABC correction. According to this count, LTC should not go below $52 in the 4th wave correction. A possible entry could be around $53, a bit higher than the 0.618 fib retracement. An alternate count would to be count this structure as an ABC and to count the current retracement as wave 1, 2, and 3 as...
According to my Elliott Wave count, Ripple has formed 5 waves, hitting the 1.618 extension, and is due for a correction. There is bearish divergence on the RSI.