spacemonkeey

spacemonkeey Updated 

The current correction for Cardano has formed a nice downward wedge. I've plotted the ABC correction here with chances we are going to see price drop once more to around the 4200 level (perhaps lower if my projected path for wave C is not entirely accurate.) Once done with wave C, hopefully we'll have liftoff. That, or we continue inside the wedge, creating a...

spacemonkeey Updated 

Here we see a perfect symmetric triangle having been formed on the 4h Binance chart (made my day that TV finally added Binance!) IOTA has just finished wave C of a ABCDE elliott triangle wave and we are headed up wave D. Due to the positions (tops/bottoms) of the waves, we should very well expect price action to break above the triangle after finishing wave E....

spacemonkeey

As with virtually every other coin this week, we've seen a healthy correction with ICX. The Guideline of Equality is an Elliott Wave guideline (read: not rule) that states that two of the subwaves in a five wave sequence will tend towards equality, meaning they will likely show the same distance/length. This frequently occurs with the 1st and 5th wave. Since...

spacemonkeey

We've got a pretty pronounced double top on the Cardano charts. After a nice healthy consolidation period, we've had another signature ADA rocket followed by an attempt to push through resistance. The price is now dropping to the golden zone (0.5-0.618, likely.) Check the fibs to see where we could be going from here.

spacemonkeey

Watch for price action to continue down to trend line and then back up. Look for right shoulder to peak around 0.0065 BTC. If it starts going down afterwards, may be a good opportunity to short.

spacemonkeey

I personally believe that ADA is the land of infinite triangles. Before the dip, we had assumed the coin was in an ascending triangle pattern. After our little dip/correction yesterday, ADA's path has now transformed into a symmetric triangle. While the previous triangle was targeting just before Christmas (the 24th,) it looks like we're looking at a breakout on...

spacemonkeey Updated 

Stellar has been in a flag pattern and has been beating on the resistance level. We are also getting confluence from the RSI on the 2hr chart, which is about to break into the bullish zone again (65+ points). It should break it within the next 2 hours to the upside to complete Wave 5 of this EW pattern. EW guidelines state that Wave 5 can go up to 1.68 of the...

spacemonkeey Updated 

My previous post, I mentioned we were in a bullish flag. That doesn't seem to be the case anymore. Our bullish flag has changed to an ascending triangle, which signals potential bearish activity. Therefore, long has changed to short. I intend on setting stop-losses along the triangle's support line and sliding them up as long as the price does not break the line.

spacemonkeey Updated 

XLM had a good November and is about to have a VERY good December. In fact they already have, by being listed on Binance and by announcing a big partnership with IBM. I suspect we the price drive up considerably over the next week or so. Here is my initial view of this run: Scenario 1: Wave 3 will hit around 1005 sats Wave 4 will retrace to between 920...

spacemonkeey

Yummy.

spacemonkeey Updated 

With the correction behind us, Cardano is on the move back up. We may have finished subwave 2, retracing back only to the 382 level. EW rules tell us that subwave 4 will retrace greater than 382, so we can assume it could fall between the 5 and 618 level of the next wave. We may see this run lead us to 1415 sats. This post will be updated as we see new...

spacemonkeey Updated 

The waves are perfectly hitting the fibs. Never seen a trade setup more clearly.

spacemonkeey Updated 

See chart

spacemonkeey

Cardano found its bottom support last night at 563 sats. Since, it has made a jump back into the 700s and has formed a bullish pennant, with price being squeezed between 640 and 720. RSI has also found good support at 45. We are currently waiting for a crossover of the 55 EMA and should expect a breakout above the 720 resistance line soon.

spacemonkeey

This is not a prediction I'm willing to bet on, but... If we were to do a fib extention of Wave 1-Wave 2, we find that on wave 3, IOTA went all the way to over 5.618. FIVE . So... if we were to do a measured move using the same fib level for our next extention, where do you think we'd end up? $30 . One can only dream, right?

spacemonkeey Updated 

We have just finished our correction and are looking to start wave 5 of this amazing run. During the correction, you will see that we hit the fib lines perfectly, ending with a kiss to the 618 line. The fib extension for the 5th wave matches perfectly with the retracement of this correction, so I am thinking we will reach $7.15 (to possibly even $9.80) for this...

spacemonkeey Updated 

So, this is a completely new kind of analysis for me as I have never used the 'percent' option in the charts. I've seen posts where people have compared charts, but I can't figure out how to do so, so I apologize for the formatting. This also should not be taken as a prediction, merely a comparison of the two. In any case... The top chart is, of course, IOTA. The...

spacemonkeey Updated 

This correction has been long and painful for many who bought Factom earlier on. The good news it that Factom might be ending it's descent within the next week. As you can see on the chart, the descending wedge is about to reach its point. If all goes according to fib rules, we can expect an impulse wave between .006 and .009 (that's 300-450% returns!)...