The correction is now evolving into more complex and time-consuming one, so it might take some time now to complete it. Nevertheless, the upward trend remains intact as long as the level of 0.2282 is violated.
RequestNetwork cryptocurrency looks like a typical PUMP and DUMP scheme, but there is a possible bullish pennant forming. No rally until the golden trend line is violated tough. Please watch the levels of 3970 and 4529.
Kyber is close to 61% Fibo resistance but going up in a nice channel, so looks like an uptrend for me. Higher highs and higer lows. Good up volume pushing the prices steady higher. Watch the red rectangle!
The current correction is the biggest in the entire Bitcoin history (arithmetic graph) and has already reached 71%. On the other hand, the rate managed to rebound from the blue trend line just above the target level at $ 5,540. The $ 300 was missing so that the price hit the Fibo cluster. From the Elliott wave theory perspective, the price tests the bottom trend...
ELLIOTT WAVE ANALYSIS: The bounce from 0.00007490 has the characteristics of an impulsive wave with a high 0.00012865. After this rally, the price falls in the ABC three-phase straight correction to the level of 61% Fibo at the level of 0.00008180. In addition, the price at the end of the downward wave draws a clear wedge, which is expected give an impulsive...
From a technical point of view, GridCoin is a typical example of pump and dump cryptocurrency. There is no trend here since March 2016, there is in principle no possibility of using the Elliott Wave Principle approach here. As of today, the PUMP cycle can begin, i.e. there is a potential growth system. The first interesting target would be at the level of 0.00004928.
Quantstamp QSPBTC cryptocurrency made three horizontal correction waves, most likely in the form of a symmetrical triangle pattern. The subwaves D and E are still to be made. The next trend line, dotted red, limits the growth potential of bulls. A breakout above 38% Fibo can bring a three-wave growth movement.
ELLIOTT WAVE TECHNICAL ANALYSIS: At a weekly interval, including larger cycles, it is difficult to distinguish pulse waves. Therefore, the current counter is based on wave increases (A), with a high at 29629 and a complex wave correction in the wave (B), with a low at 1604. Starting from this low, five impulse growth waves with a high at the level of 9,000 can...
FUNDAMENTAL BRIEF: The Government of India, although often not very positive about Bitcoin and other cryptocurrencies, such activities have not helped to curb their popularity. In his annual speech, Finance Minister Arun Jaitley again explained that the government intends to stop the use of digital currencies in India, claiming that the South Asian country does...
TECHNICAL ANALYSIS: The price of Cardano cryptocurrency quoted for Bitcoin ADABTC dropped lower in the wave correction (4) than assumed in the original wave scenario. Nevertheless, after reaching the level of 0.00004066, the price dynamically rebounded by drawing a reversal candle formation called Hammer Candlestick Pattern. Then it broke above the golden...
After the BTCUSD cryptocurrency price hit the technical support level at $ 12,450 and rebounded slightly from below, $ 11,150, the wave (4) triangle scenario was invalidated. If the increase in volume causes the level of $ 11,150 to be broken again, the next target level for the price is the level of $ 9060. The market is still in the corrective wave (4), which...
TECHNICAL ANALYSIS: The impulsive wave scenario has been invalidated! Currently, the best scenario available is not the impulsive formation, but the double zigzag (W) (X) (Y), which ended at $ 40.48. The reason for changing Elliott waveforms from impulsive to corrective is too many canceled levels and too many overlapping levels. It is not the traditional...
Hello and welcome to my first video analysis for TradingView portal. In this video I will analyse ETHUSD pair using Elliott Wave Principle. Enjoy and please leave the feedback! :)
The price of BCCUSDT had completed the impulsive wave at the level of $4,198 and now is developung a complex corrective wave 2. There is clearly missing wave C of this correctiion. If the level of 2059 will not hold, then the implsive cycle to the downside might bring another leg down to the level of $1,810 and below.
TECHNICAL ANALYSIS: The long shadow of the supply candle has set the demand zone (green) between levels $ 25.84 - $ 30.00 and only a serious violation of this zone can turn against bulls. The consequence of this market behavior would be a fall in the price towards the golden trend line around the level of $ 20.00. For now, however, there are no grounds to...
The price of LTCUSD is still trading inside of the corrective zone, between the levels of $230 - $304. In order to move higher in price, the market must break out above the level of $304 first, then test the level of $380 and attack the swing high at $420. The next nice take profit level for the up wave if at $600, which would gibe a +130% for someone who bought...
The Dash cryptocurrency price is still in wave 4, which may turn out to be an irregular ABC correction. In this correction, wave B has already been made (with a high at $ 1.253) and now the price would be in the last phase of the downward cycle, the C wave. Confirmation of this scenario will come with the breaking of the trend line (golden bottom line) and a...
The IOTA cryptocurrency price managed to recover over half of the pre-holiday decline and is now just below the supply zone and below the local resistance at the level of $ 4.49. The golden trend line has just been tested and you can see small, but always, demand engagement at the levels of $ 3.20 - $ 3.30. For increases to be continued, the local support level of...