If the price is able to push up here without going too deep from the channel, then we can easily see $0.40 in the short term and then proceed to making LL (lower low)
Looks like price will go to 32500 - 32850 before we see downmove on bitcoin.
Tracking a bullish triangle here, entering long on the breakout is ideal. Targets ranging from 1996 to 2133. Be careful though, it can first go down to shake the longs and then move up.
AVAX clearly printing a bearish structure with target up to 50% drop. Will likely drop from one of the resistances.
According to my EW count, we're currently in corrective wave B which can take price up to $30,339, and then it should dump impulsively to $19,500 for wave C.
I am currently tracking sub-wave C of wave 4 which should end at around $9.25 - $9.42 followed by a dump to $5.52 for wave 5 of larger degree wave (A). Invalidation for the down move sits at $10.2 where you could place your SL.
OP is currently making a three wave A-B-C correction for WAVE 4 where the last wave C is already in progress and is expected to end make a bullish reversal for WAVE 5 which can blow the coin up to 300%. Wave 4 can end at: $0.999 $0.799 - $0.750 Wave 5 can bring the coin to: $2.245 $2.8 $3 Invalidation/stop loss: $0.658 Ethereum's transition from POW algorithm...
We're tracking A-B-C move from the highs on IOTA, and expect final 5th wave down of larger degree C wave. After this final drop we expect fresh impulse cycle to start.
As the recent rise in price was made only in three waves, we conclude that the current downtrend isn't finished and more downwards move is left. Hence I expect the price to fall as projected on the chart. Trade with care! Lets make some profits. Skrr skrr. - ElliottWavesBro
I expect the bullish pennant to breakout to the upside to finish wave 5 of bigger degree wave 3, with price having the potential to over-shoot to 112.6, if not more.
Looks like XVS has still more room to the downside, with it currently forming a bearish triangle with target $2 to find its support, and then we may see bulls show up.
After a brief correction for w2, I expect Ripple to push forward and reach $0.46 for W3
Today I was looking at some volume monitor bots and noticed big buy orders for SYScoin and decided to have a look at it, oh boy we're anything but bullish on this one. I expect it to find its bottom at around $0.0038 range, so stay away from this shitcoin lads.
Every price cycle consists of 5 waves, and for WAVES, last move up for wave 5 is missing. Current downtrend can end at pivot point $7.55, if we lose this price point, next big support zone is around $5.40 - $4.80 range, where fib 0.886 also rests. Entering the coin when it breaks the red trend channel would make your entry safer, confirming the current downtrend...
I am observing a W-X-Y correction on YGG, where in the last corrective wave Y, 5-th wave is still missing after completing an A-B-C-D-E bearish triangle. Target for the final wave could be around $1 range, where this coin could find its bottom and start a new bullish run.
If the current move is indeed wave 1 and wave 2 of a new bullish cycle, then we could see the price approach its previous ATH.
As you can see, not every coin is bullish or has a structure ready for a new bullish cycle. For CTSI, we expect a corrective rally upwards for corrective wave (B), and then more downside for wave (C). Hence be careful and choose your altcoins to trade or invest wisely. Not every coin is bullish. Some are in corrective phase.
If we're indeed forming a triangle, there are still 2 waves missing for a A-B-C-D-E triangle for wave (B). If we complete the triangle pattern, then we can expect a bullish run for wave (C) with targets marked on the chart.