Hello Everyone! I'm sure some of you are looking at the XVG chart and thinking "What the heck is going on?". The truth is, no one knows for sure! Now, of the many possibilities, I'm showing the one that I believe is the most probable. So, lets take a look. XVG seems to be forming a descending right triangle (Big Picture), with its hypotenuse being the dashed...
BCHUSD Bullish Scenario BCH Market: Bullish Max Price: ~$5000 Min Price: ~$4000 I would like to start off saying that this is my primary count for BCH, but that does not mean the only path. A good technical analyst is open to changing to alternate or new paths as more data comes into play. I would also like to say not to pay attention to the time frame. My goal...
The is for my personal use on a potential pathway for bitcoin.
XLM/ETH - Bittrex XLM is currently in a correction state. By Elliot-Wave Theory, the initial 1-5 waves up (green) are followed by a requisite correction wave, labeled (red) ABC, C being the end of the correction. XLM is also showing a bearish descending right triangle, and could possibly break through .00035522 eth level very soon as the MACD (red circle) is...
We are currently in the 3rd subwave of the 5th subwave in Wave 3 correctional wave. Plotted out is where prices may go in guidelines using Elliot Theory and adjusted to nearest support levels. In order for the uptrend to $1.28 to continue , we must hit lower than .00007747 eth.
The final Elliot Correction Wave is taking place indicating the continuation of an uptrend towards our final destination of $1.28. The red lines indicate support levels that it may reach before resuming its uptrend.