Simple example of a potential market cycle for CMT: High Level
It looks like we might have seen the end if this long blood bath in the XRP market. I'm projecting the end of the first long mini wave, and the start of a 3rd wave in this new market cycle.
This is a recipe for a breakout. I'm calling a breakout this week, pending BTC continues it's bullish trend upwards to our short term target of $11K. This coin has a bright future in the gaming industry.
SiaTech is issuing 750 SiaFund Tokens in what they are calling a TSO (Tokenized Security Offering) 04.16.18 auction start date. This news could be used to trigger the start of the 3rd wave. Based on my overall long term Elliot analysis, SiaTech should see new ATH in 2018.
Here's to the next wave, either we see XVG hold a trend here at $.04 or we go back down for more blood.
Looks to me like we might have seen the end of that long first wave, and cold see a nice 3 wave forming here. It's about time, these Ripple market cycles really lag sometimes.
After an enormous and unexpected short term sell off caused by the BTCP fork, ZCL broke out and completed a new short term market cycle complete with 5 waves and ABC correction. I am calling this Wave 1 of the bigger overall NEW market cycle. I'm projecting wave 3 to blow past the prior new market cycle ATH's and find support on the 4th wave at prior new market...
XLM correcting here, could see 786 retrace before a bounce to new highs.
If my wave count is correct, we should see the fifth wave in this market cycle very soon.
DGB has retraced and looks to have completed a full market cycle. I think it will breakout and hit prior highs on it's way to new ATH's
ETH broke out and is looking to make New ATH's. I think we might see a pull back to yesterdays high, and then it will take off and make new higher highs.
XRP broke through prior highs and made new highs, I think it will pull back to the prior high, then run up to make NEW higher highs and could hit $1.