wallstreetwise

wallstreetwise

On the 4-hour, XVG is shaping up for a long-term cup & handle play. Of course, anything can happen, but all signs are pointing to a long position for Verge through approximately May 20th. Open shorts once price hits resistance at around $0.29 USD. Thanks guys and happy trading. -MV www.tradingview.com

wallstreetwise Updated 

So far, BTC is tracing perfectly along option #1. However, we have just touched the new trend line. If that doesn't hold, price will continue to correct in line with the downward channel. This means that price will fall just below $8k to approximately $7.8k. This is where things get very interesting. From here, we have two options: significant advance upwards...

wallstreetwise Updated 

As we all know, XRP has been booming, as of late. However, with great price movement comes great retrace. At a glance, XRP appears to be shaping up for a Measured Move. In case you do not know what a Measured Move is, here is a very simple explanation: - A Measured Move is a three-part formation consisting of a reversal advance, correction/consolidation, and...

wallstreetwise Updated 

After a 61.8% retrace of the previous advance, XVG is primed for a continuation advance to $0.29. Stay Tuned. -MV

wallstreetwise Updated 

Preface: I know, there are a lot of lines, but they are necessary. If there were an option for 'Long, Short, Long' I would have picked that. So far, LTC is following my line perfectly. I don't expect it to match 100%, but I believe it will follow a very close path. October will be the 'B' Wave (Long) and November will be the 'C' Wave (Short). Once we reach the...

wallstreetwise Updated 

LTC is currently on a trajectory to test $60 before a final descent into a Double Bottom. If you look at LTC's pattern from 9/4 - 9/15, we are following a very similar path. Expect LTC to retest a retracement of 61.80 before gaining enough fuel to break out of the bear downtrend (correction). Target is $38 for DB. Good luck. -MV

wallstreetwise

Looking at the YTD chart, it's clear that we are only just starting our dive into a bear market. Assuming Wave A retraces to $2,869.2, Wave B will take us to a peak of approximately $4,400. Some folks will look at the upward momentum and see this as a new bull market forming. It's not. Don't fall for that trap. Once we reach the Wave B peak, there will be a...

wallstreetwise

Let me start by saying this: I do not believe we have reached the bottom. We recently crossed Fib level 23.6. Yes, prices are going up a bit from the low of $46 (currently $51); however, this is to be expected. There will be another drop. I am predicting price will go as low as $42.97. That will complete the inverse Head and Shoulders. From there, bullish price...

wallstreetwise Updated 

Long lauded as the "boring token," Ripple is set to explode in the coming weeks. Aside from the massive bull pennant finishing formation, Ripple has been gaining a lot of traction with its efforts to pave the way for Fiat crypto. And, with Ripple's Swell conference set to take place mid-October, expect a massive increase in price. I'm confident that Ripple will...

wallstreetwise Updated 

The second leg of LTC's rounded double top reversal is about to begin. All indications point down. We did have a bear flag, but the second top was formed and the bearish arc is taking shape. And, the bearish slant will create a stronger downtrend. Although the patterns did break from my initial chart (dumpling top reversal), LTC is still on the path of a...

wallstreetwise

Looking at the current EWA for XMR, we're about to complete wave 4. I estimate that we'll retrace to approximately $101 (slightly less than 38% retrace of Wave 3). From there, we will bounce to Wave 5 and could reach new highs at $200+. For now, stay patient. Just make sure you get in while you can.

wallstreetwise Updated 

Based on current pattern trends, I'm confident LTC is in the bear-end of a dumpling top formation. If this pattern plays out, as expected, we will see low $60's/high $50's by late Saturday. Usually it's rare to see DT's, but then again.. this is crypto. Have fun.