If my Elliott wave count is correct, we are going to see another low which would be a wave C or a wave Y from a primary correction. The low is expected to be at around 0.236 Fibonacci retracement level.
the price is located at very strong short-selling area rebouncing from the lower trend line from the high of 2018 besides the broken uptrend line from the low of 2011 also reaching the up edge of the up channel along with forming AB=CD harmonic pattern with divergence on RSI we will wait for a break beneath the up channel to go short to our target 108.1 then 104.8
On the daily chart, the price has reached the support zone 0.7035-0.6965 The price is near the uptrend line from the low of 2008 AB=CD is formed in smaller frame Provided by divergence in RSI, the price is expected to get back up again to the resistance zone 0.715-0.7185
On the daily chart, we can see that the price bounced from the support area 80.35-81.2 A well-noticed head & shoulders reversal pattern is shaped. The price’s at the second shoulder waiting for a break of the lower trend line as shown Followed by oversold on RSI, the price is expected to get back up again to the resistance area 84-84.35
On the daily chart, the price bounced from the support zone 1.0475-1.0545. Breaking also a lower trend line followed by a break of the descending channel. The price is moving sideways between levels 1.066 & 1.073. The harmonic pattern improves the chance of a bullish continuation. Therefore, if the price breaks 1.073 it is assumed to visit 1.084
The crypto has found a very strong resistance at the median line (ML) and now goes down again. The false breakouts followed by the failures to retest the ML have signaled an exhaustion and a potential drop. XEM/USD slipped below the lower median line (LML) of the ascending pitchfork. A retest followed by an important drop below the 0.35471335 support will give us...
The DASH/USD dropped after the failure to make a valid breakout above the 50% Fibonacci line (ascending dotted line). The crypto is pressuring the lower median line (LML) right now. We may have a great selling opportunity after a valid breakdown below the outside sliding parallel line (SL). However, a false breakdown below the mentioned dynamic support levels...
ICON failed to stabilize above the lower median line (LML) of the ascending pitchfork and now is trading in the red again. It is expected to drop to retest the outside sliding line (SL) of the ascending pitchfork. A valid breakdown will confirm a broader corrective phase. Another long opportunity could appear only after the SL retest and after an important...
The current drop is natural after the failure to reach the median line (ML) of the ascending pitchfork. It has also failed to reach the 38.2% Fibonacci retracement level, so the drop is natural. A breakdown below the inside sliding line (sl2) will confirm a further drop towards the LML and towards the outside sliding line (sl). Only a false breakdown below the...
The EOS/USD continues to pressure the first warning line (wl1) of the ascending pitchfork. It could still increase again if it will stay above this line. Personally, I believe that we may have an important upside movement if the rate will have enough directional energy to make a valid breakout above the 250% Fibonacci line. However, a valid breakdown below the wl1...