If the price break up green s/r zone price will continue with growing up. If the price refuse this zone, price will go down. Beacause price bounced up from 0,5 fib retracement I think that Waves will continue up. BUY CRYPTOCURRENCY ON SIMPLECOIN
We have 1-5 elliot wave uptrend cycle and the WXY correction ended. Now the price start new uptrend 1-5 cycle and price is before 3. wave which is usually the biggest but we need end 2. correction wave by broke line.
On previous analysis we can see almost complet head and shoulders pattern. If we confirm that pattern with broken neckline. On higher time frame we can see round botton and if we make new swing high the price can continue with growing. Win some bitcoin in free lottery here
Litecoin might confirm bullish pattern head and shoulders. Mining crypto here: Kelta
There is a simple analysis about situtation on Neo. Now we must waiting for reaction on support and then the price will decide about next direction. If you are from Czech republic: btcweb.cz
We touched the stong rezistence zone, now we must waiting what will shows the correction.
Will we confirm this pattern or bitcoin will fail ? We must waiting and we will see.
We finished 1-5 elliot wave at strong support (red zone) and started SHS pattern. We must breakdown the neckline which confirm this pattern. Possible end of ABC correction and TP may be about green zone.
On the chart of BNB we can see the 1-5 elliot wave structure, but we still waiting for wave 5, which could end at 1,618 fib. extension. In fact BNB has got a potential to grow up about 24%. btcweb.cz
We can see the ended first wave and second wave. Third wave is not complete yet. There is some opportunities to trade in my opinions. What do you think about neo ?
After we got back to parallel channel the price was starting the falling wedge. Now we are almost on the end, especially on 5th wave and near the red support zone. If price will breakout and confirm falling wedge pattern we could look for a rezistence trendline of parallel channel as a TP. We must be carefully because on Waves this pattern a few times failed.
On the chart We can see completly 1-5 elliot wave and finish correction with wave C which ended near the 0,382 fib. retracement and near the green zone. Now is forming next 1-5 elliot wave structure. We must wait for breakout red s/r zone. Only impulse wave 3 rd or wave 5th can broke this s/r zone. If the price will be over the red s/r zone we can grow up.
Despite that most of altcoin are strongly bearish on the chart of Moneru we have nice bullish pattern. We can see falling wedge and now price must consolidation before the breakout. Other details are on the chart. If you are from Czech republic you can visit my website about bitcoin and analysis. : btcweb.cz
On the chart we are finished 1-5 elliot wave and ABC correction. Wave C ended on 0,618 fib. retracement, which is ideal level for continue next 1-5 elliot wave to up. What do you think bout it ?
As we can see the 0x is in symmetrical triangle. We finished wave D and the last wave E waiting for us. In case that we will breakout the triangle in direction up we can go to blue rezistence zone. Thats zone may be TP. We must be carefully about move direction of bitcoin because bitcoin is a boss!