Assuming this is the completion of an a-b-c-d-e bearish triangle, then we're ready to dump down to 12 cents for KNC in an impulsive way! Feel sorry for the hodlers, lets short it. Be careful while the price is inside the triangle, and add to your position when we see a BO (breakout). Ideal stoploss is anything above the triangle, so manage your position size...
I have been following this bearish triangle on ALPHA for a while and have entered a short position at the breakout. My current view for this shitcoin is that the minimum target we should see is 0.0623, and if the bearish momentum is strong enough, we can sufficiently see it go to 4 - 3 - 2 cents range.
I mainly only analyze charts. I no longer waste time reading whitepapers, news, updates, announcements etc as I believe all the important things are already imprinted on the charts before it hits the news. Anyways back to the ADA elliott wave count, I am currently tracking corrective wave B in a bearish a-b-c-d-e triangle, where we're currently at the last...
I will be following this setup and post updates on smaller timefames so make sure to follow my tradingview account, and lets ride KIWI!
If the price doesn't go below the invalidation level and is able to find support at around 0.886 fib, its possible for us to see AUDUSD create a new uptrend. I will be following this setup and update this thread if/when its validated or invalidated. Let me know what you think in the comments below.
It looks like the A wave is creating a leading diagonal which will breakout to the upside to create wave B, from where we can expect the price to drop for wave C with target around 50% fib level. Its usually recommended to skip corrective waves inside corrective phase, for example skipping wave B in A-B-C, so focusing on shoring the C wave should be the priority...
I believe we're currently making C of red (B) at around resistance areas of $2.7 to $3.3 from where we can head down towards red (C) to price level of $0.5 so lets look for shorts!
One of the biggest defi coints is printing a bearish ascending triangle where wave (e) is currently underway. Once completed, it should take price down to $26 - $18 range. Nice setup to short!
I will be monitoring this scenario and publish charts in smaller TF. Be sure to follow my tradingview for follow-up updates.
Hey bros, Looks like PEPE is ready to push to the upside after completing what looks like sub-wave 1 and 2 of wave 5. TP & SL have been placed on the chart, please follow accordingly. Don't forget to follow my account for daily elliott wave analyses.
Follow my tradingview account for daily elliott wave analyses and updates on crypto/fx/commodities. Please implement your risk management.
Hey bros, Short TRX for wave C. TP & SL is on the chart. Goodluck & dont forget to follow me.
Hey bros, hows summer going? Currently tracking wave 4 bullish triangle for this coin. Entering on the breakout of the triangle is ideal. Please use proper risk and money management, and dont forget to follow my account for daily elliott wave updates on crypto/fx/commodities! Good luck!
Implement your money management/risk management for the trade.
If we look at the structure and waves, we can see the price is about to complete A-B-C correction where currently C wave is making an ending diagonal - which in classic pattern is falling wedge, a price reversal pattern. Are we going to see bullish rally on QNT once price breaks out from the wedge? Follow me for updates - I will be keeping track of this setup.
Price is heading towards 0.002133 for wave C or 5, you're not late for the party! Follow your risk/money management. Follow my tradingview account for daily elliott wave analyses and updates on crypto, forex and commodities!
I expect the price to push up to 32600 - 33300 before dumping to 26k-19k during the summer.
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)