XEMUSDT 4H - found support Sym triangle/bb/bottom - over 50+ correction. RSI is oversold and moving up now. Not a financial advise.
EOSUSDT 1D - breakout from triangle MACD hidden bullish divirgence is currently ripping profits, new strong wave is rising, however RSI is a bit overbought so we can potentially follow the short red arrow to confirm breakout or expand to the expanding channel bottom. It's not the best pick in the market, but is one that moves in a stable matter with a lot of accumulation.
This is an update of my old chart, we have broken out of the wedge, but we have fallen into a beariesh version of the ascending triangle, this is forced by BTC moves, but still is a sign of a weakness or accumulation, EMA 200 is still close by and hype from FA is real, so hard to imagine much falling in case it is a bearish one. It needs to escape the pattern...
Bullish penant ABCDE - awaiting breakout, under penant there is 20 EMA support, Stoch RSI is in really good level showing signs of reversal of the oversold trend. It is moving in a pitchfork channel combined with a parabolic curved one. Currently we are on the way to complete 5th subwave of current 1st wave (around 1.07 and pitchfork midlane). Looking forward in...
RSI is oversold to levels that usually indicate up movement, we are on ABC in a pennant on finalized 4th Elliot wave, by rule this correction however should extend so we may break out of the penant, but consolidate to first major fib support and mid of channel, then the correction of 4th wave would make more sense. Currently MACD is looking bad it has room to fall...
20/50/100 EMA cross. Bull flag break out. 0.618 fibb break out. Problem: The bull flag had an ABC correction, but we are still missing one last drop to complete the accumulation in the channel, this is not mandatory but aligns well with the expected March drop. I don't see the drop being under .48,250.
1st Elliot wave has been completed (actual 1st primary wave), I believe 2nd corrective ABC might be in it's end. I see some accumulation rectangle, finished ABC within a symmetrical triangle and a long trend starting price formation that is now suddenly being respected. EMAs if this trendline is respected on btc drop will most likely form a golden cross...
GRTUSDT 4H - GOLDEN CROSS / INVERSE HS Golden cross is about to happen, desceding triangle of a 57% correction is about to be broken out. Inverse HS brekaout can be seen. Hiddene bullish divirgence.
DEGOUSDT 4H - FALLING WEDGE + FIBB
Break out of an falling wedge and a parallel accumulation channel breakout may cause further move up.
Technical: We are trading in a descending parallel channel that is showing strength with bottom bouncing of EMA 200 and around critical fibb support level. The channel is a clear correction representing primary 4th Elliot wave. Breakout from here show the continuation of a long 5th wave, that has good ceiling potentials based on resistance curves. MA about to...