Kennedy Channels applied to the major Ethereum-Fiat market cycle of 'primary' degree
Kennedy Channels and Elliott wave count for the July rally (updated). Channel misalignment due to buggy TradingView rendering engine.
An attempt to use Kennedy channels to identify the Elliott wave structure of the July Rally
Predicated upon wave 1 completion (@88.6 retracement)
Kennedy Channels and quick and dirty Elliott analysis
Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance . * Darker shade = primary channels * Lighter shade = auxiliary channel
EOSUSD. Kennedy channels plotted. Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance. * Darker shade = primary channels *...
EOSUSD. Kennedy channels plotted. Watch for price action where base/acceleration/deceleration lines meet as these represent decision points. * Blue = base channel * Green = acceleration channel * Red = Deceleration channel Once primary channels are broken parallel 'auxiliary' channels offer a matrix of support/resistance. * Darker shade = primary channels *...
This wave-count posits a slide to the floor of the Kennedy base channel of the motive wave beginning early April down @ ~$7200
I have an Elliott wave count which reveals a completed five-wave impulse. Using Kennedy channeling and Elliott wave I predict a retracement to ~$8065.
Wave 4 correction target on BTCJPY. 'X' marks the spot.
EOSUSD appears to be completing an ABC correction composed of ZigZag-Triangle-ZigZag. I'm expecting Bullish continuation after completion of the C leg.
BTC loves a triangle: EW analysis of BTCUSD pair reveals a candidate bullish contracting triangle. Currently, I have a sell target @ $9500 on approx. 27th March and a subsequent buy target @ $8000 on approx. 3rd April.