danuto17

danuto17

I found it pretty interesting, here are the points: 1. support line really holding the price up until now, it bounces back price every time price came near of it. 2. my wave count tells me that the correction from 3600 high is near the ending. 3. 0.786 fibo level act as support too, that pulled and pushed the price like a magnet, i believe there was range of...

danuto17

Summary : buy on weakness, buy on support area Key points: Price hovering around strong support area, coincides with 0.618 fibo level Price bounds back on major support trend line Historic cycle analysis shows major bottom in blue vertical line, if repeats, price should react within this time window

danuto17

Okay so $85.5 is the top of wave (3) and also $75-$86 resistance band zone works like I expected. Right now the chart is finishing its correction move of wave (4). Expect (c) of (4) to be likely end when it touch 0.618 fib retracement level. My last support zone missed a bit, but now as we know the bottom of wave 4orange was in, it became a strong support...

danuto17

The Idea is, if it breaks 0.236 (previous high of wave 4) I will consider buy, target 0.35, or wave i high, stop loss at 7%(my preference though) Wave ii completed flat structure (3-3-5) which retraced to fib 0.868. IF the wave count is correct, we are in the beginning of wave iii to continue the uptrend

danuto17

This is a very textbook of elliottwave irregular flat pattern of correction. A-B-C pattern with 3-3-5 structure, with B wave overshoot start of Wave A and C wave longer than end of wave A... Could this scenario plays out???

danuto17

Elliottwave count shows movement to resistance zone $85.xx to complete wave 5, and then correction to support zone $64-$59 completing wave (4) before bounce back up in wave (5)

danuto17

Breaking a triangle structure, BAT will definitely go higher. If it land on green box, expect to bounce, this is the support level, and another entry point.

danuto17 Updated 

Textbook pattern of elliottwave Flat correction spotted in Ethereum Chart. A-B-C structure with 3-3-5 minor structure. I expect price to visit 2100-2200 marked with 0.618 fib level before bouncing back up

danuto17

XLM is about to make its move. Break top of B at 0.46 and we set for a higher rally but if it fails, expect further down at 0.36

danuto17

Key indicator: 1. Bullish divergence on RSI 2. Oversold stochastic region 3. Fibonacci retracement range of 0.618-0.5 As you can see, it is an interesting setup in AXS, the 4 indicator still to wait for a green light, breaking up the corrective channel. When that happens, I expect a continuation to the upside.

danuto17

Still bullish scenario with wave (iv) in completion. Visiting 50500-53000 then make a perfect bounce will validate this count. After that expect BTC to make new all time high.

danuto17

Based on elliottwave analysis, the chart still in the bearish territory. As the count says, we might reach as low as 1.90 or even further at 1.775 as underlined by fibonacci lines. IMO, this is an opportunity to short. Not a financial advice, do your research first.

danuto17

ZILUSDT broke out of the bearish channel. This could indicate further continuation move to the upside.

danuto17

I see buying opportunity based on RSI bullish divergence. Watch whether it can break the triangle wedge

danuto17

Based on elliottwave theory, I am confident enough to say that the bearish trend is almost over. A zig-zag correction pattern is formed from a-b-c label, the price also hover around strong support range. I think the accumulation phase is happening now. RSI indicating bullish divergence. Let's see if price can hold above MA 50 and MA 100 in coming weeks. Cheers...

danuto17

RSI Last 3 bottoms making a bullish divergence signal, then price confirming a impulsive breakout. Price make a consolidation pattern right now, I guess a flag/ zigzag pattern may play out. Now we wait to see if the price can breach the next resistance line.

danuto17

Technical Analysis using Elliott Wave Principle The price breaks ending diagonal channel of wave (5). If this count is correct, I expect more upside movement since the correction wave A-B-B(blue) is completed. Wave (5) also landed beautifully at 0.786 fibonacci retracement level. RSI hourly shows bullish divergence may confirms trend reversal. Stop loss at the...

danuto17

Technical Analysis using Elliot Wave Principle If the count is correct, the wave (2) must have completed, then I expect more upside in wave (3). Wave (2) is a simple zigzag correction of A-B-C. There are 3 entry options with different risk and reward ratio. Use the entry options based on your own personal risk preference. Stop loss at bottom of wave (2) Please...