Hello traders! We want to share with you pretty clear and recognizable pattern on Nasdaq! According to correlations with other stocks, we assume that stocks may face a hard drop. We can clearly count five waves down from 7358 highs, which suggest a bearish reversal, but the most important is that we see only three waves (A)-(B)-(C) of corrective recovery back to...
OANDA:NATGASUSD dropped sharply in the beginning of February and then we have seen slow and sideways corrective movement within channel range for the last 5 months, clearly in three waves, which might finally found resistance around 50% Fibonacci retracement just above 3.0 level. Current price action on a smaller time frame looks like it's forming a clear...
Hello traders! We have noticed a recognizable pattern with pretty clear wave structure, which suggest more upside in upcoming days. Looking at daily chart, we can see an impulsive five-wave drop from 1.6155 highs and in EW theory, after every five waves, a three-wave (A)-(B)-(C) correction follows. As you can see, EURCAD also broke a channel resistance line,...
Hello traders! Let's learn something. FX:EURTRY has been trading bullish for some time, but at the end of May slowed down, clearly in a three-wave A-B-C correction with the same length of waves A=C, which are actually ideal three waves down in EW theory for a regular correction. As we know, in EW, five waves indicate direction of a trend and EW also says that...
Hello Crypto lovers! As you know, we are still bullish on many cryptocurrencies, the only difference is that some of them are looking for wave 3 and others for wave 5. Tron is one of those, which are looking for wave 5, as you can see on this 4hour chart. So, BINANCE:TRXUSD can be unfolding a five-wave cycle after we saw sharp and impulsive rally from 0.02269...
Hello Crypto lovers! We have seen a sharp and quite impulsive bounce from April lows on BINANCE:NEOUSDT . Five waves up can be unfolded, which gives us the first evidence of a bullish reversal into wave A/1. As we know, after every five waves, a three-wave pullback follows. So, at the end of April price slowed down and dropped into correction, as you can see,...
Hello traders! What a perfect bounce on Cryptos and also BITFINEX:LTCUSD ! As you know we were expected a three-wave A-B-C correction down to ideal 61,8% Fibo. retracement, which seems to be completed after perfectly reached our support projections. It's very important to look at correlations between cryptocurrencies and we talked a lot about that in past...
Hello traders, After spike down on Cryptos we took a look on some ALTcoins and saw interesting pattern on BITFINEX:XMRUSD . As you can see on daily logarithmic scale chart, Monero still looks bullish despite big correction since December 2017, so seems like five-wave rally is not completed yet. On 4hour chart we are tracking wave IV correction, which seems to...
When we look for reversals, it's very important to wait for confirmations, which in our case would be five-wave rally. If we take a look on 4hour chart, we can see a potential “Double Bottom” pattern, from where we clearly see a five-wave cycle in forming towards 250-260 levels, which would confirm that bottom can be in place. But if from any reason sharply drops...
BITTREX:ETHBTC looks pretty clear with five waves up from lows and regular 3-3-5 three-wave A-B-C correction. ETHBTC currently trading in wave (4) of C from where we expect another decline into wave (5) of C towards 0.070 psychological strong support level, where ETHBTC may come to the end of correction. Just keep in mind that we need impulsive five waves up from...
Hello traders! We got a lot of requests about our view on BITTREX:ETCUSDT due to upcoming rebranding. So, from technical perspective ETC looks bullish after we saw a big three-wave A-B-C corrective decline from highs. Even if ETC lost more than 60%, still looks corrective within uptrend. So, as you can see ETC has already broke channel resistance line and it's...
Hello traders, we are here for you even on Saturday! Having a cup of coffee we are going through some Cryptos to see what's going on and we saw something interesting. Well, as you can see BTC went sharply higher while some ALTcoins stayed sideways and many traders started to speculate, that correction can be completed at this stage, but we are talking all the time...
BITFINEX:BCHUSD lost around 80%, but decline looks like correction within uptrend. Why? Well, there are many factors. If you take a look on weekly chart, you can clearly count five waves up from lows, which means we are in a bullish trend. When BCH hit 4000 at the end of December into wave (V), there was a sharp drop and correction has barely started, because...
On BITFINEX:LTCUSD we can see sharp decline into wave (a) and then slow sideways corrective move into wave (b) back to ideal 61,8% Fibonacci retracement. Current drop from wave (b) resistance looks like motive wave, which should be completed within five waves into wave (c) and as you can see, there is still room for more weakness towards 95-80 support zone,...
We went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced...
BITSTAMP:ETHUSD just like BTCUSD has clear corrective intraday structure within downtrend! So, we are tracking deeper a-b-c correction in which we can clearly count five waves down into black wave "a" and then slow sideways corrective move within black wave "b", which seems to be completed exactly at 61,8% Fibonacci retracement, which is actually ideal...
As expected BTCUSD fell down into wave (c) a third leg of decline that we have been talking about a lot in our past updates. Wave (c) is a motive wave, so it must be made by five subwaves before we may even consider that correction is finished. Well, if we take a look at current price move on BTCUSD we see very slow structure, thus it’s probably just a wave 4...
We are looking at really nice and clear structure on SiaCoin against BTC. We are tracking wave 4 correction, because of perfect 261,8% Fibo. extension of wave 1, which is ideal for impulsive wave 3. From January 06, we can see slow sideways move within three waves w-x-y down, back to ideal 38,2% Fibo. retracement and also test of channel resistance line. ...