umagoma

umagoma

first purchase installment in the blue zone, second purchase installment in the red zone, tendentially the ETC may still go to the weekly trendline as there is a lot of interest in the return of ethereum classic after eth passes to POS the ETC may not pass the blue zone

umagoma

after looking at the graph, taking into account that a rule of elliott waves is wave C to go below wave 4, this channel will be broken down, the limit of the blue square above is the limit of wave 4 and the limit below is a price support, when breaking this channel there will be panic in the market, but it could be Beartrap before the final push to the new historic high

umagoma

Next target is the lowest fibo level 0.618

umagoma

Next target is the lowest fibo level 0.618

umagoma

LINK lost the trend line 3x and in case it continues to break down the next fibo level is 0.5 which gives a nice entry around 7.80 euros

umagoma Updated 

Bearish Wedge Pattern This usually occurs when a security’s price has been rising over time, but it can also occur in the midst of a downward trend as well. The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal.

umagoma Updated 

Elliot doesn't give us when or how much, but we know which way its movement is going. ¨°o.O - taking into account that wave 5 has to stay below wave 3 it can be predicted that there is a probability that the price will go to 1 digit at the end of this wave 5. ¨°o.O - taking into account that after wave 5 will make ABC go up because we are using inverted elliott...

umagoma

as you can see in the last major correction of ETH/EUR the price came between the fibo 0.5 and the fibo 0.618, I marked the past fibo in the same way from top to bottom and marked the same values ​​as a reference point for the future , in euro the values ​​are 570, and 295 are absurd prices taking into account the price at which ETH arrived and the prices they are...

umagoma Updated 

on the 6 o'clock chart, ETH finished waves 12345ABC, supposedly going to make one more movement of elliot waves 12345, with elliot not being able to predict very accurately the time that this movement will take, but if it happens it could go more or less to level of the red dashed line, the analysis will no longer be valid if the price decides at any time to pass...

umagoma

SC/EUR symmetrical triangle wave pattern ??? Siacoin on the daily chart appears to be making a symmetrical triangle pattern, is it?

umagoma

- ZOOM - Elliott Wave : Motive waves :12345 corrective waves ABC - The Elliott Wave Theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology - see also this prediction - this analysis will be invalidated when the price cross the line that passes through the...

umagoma

Descending Triangle Rules - The waves bottom near the same price, following a horizontal trendline. - The tops of the waves generally follow a down-sloping trendline.

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BTC - the faster we do ABC the faster we start a new cycle 12345

umagoma

Bitcoin will walk in this channel until it crosses the channel lower or higher, at this moment it is at the top of the channel and apparently it will make one more retracement

umagoma

against facts there are no arguments the pattern speaks for itself...

umagoma

we know that the patterns of the past do not necessarily have to repeat themselves, but it is a fact that whenever there is a cross between the 50-day and 200-day moving averages, known as *death cross*, the price ends up touching the MA 200... has not crossed yet, but the probabilities of crossing over increase with each candle on the daily chart, and the price...

umagoma

It's not a perfect Descending triangle wave pattern but I'd say it's in a good position to test the lower supports and are more likely to break them down if it's going to break now is a good opportunity

umagoma

it's not possible? see in LOG... get back to this level ?