The market has completely ignored the bearish divergence on the daily chart (blue lines), but at some point there should be a larger correction. We also haven´t had a lower low for quite some time. Price is currently trying to break the green ascending trendline, and a break of the purple line would mark a lower low. I'm short term bearish for a test of...
We are still in correction mode, and my primary count considers we will still have another leg down for black wave C. Wave B is not clearly finished, and if it goes higher, we may have a flat correction with a shallower have C.
I know it's considered a sin to be bearish with anything crypto nowadays, but I always stick by the technicals. This is what we have for BAT: A low in June 2023 without bullish RSI divergence 3 clear ABC black waves to the upside 5 clear blue waves to form black wave C Strong bearish divergence between blue waves 3 and 5 So, FOMO aside, this token is...
I have a solid bullish outlook for XEC, with the count shown in the chart. Invalidation for this count is below 0.00003008.
I'm bullish for XRP as long as we stay above the purple lines. In this scenario, we would still have blue waves 3 and 5 before a larger correction. This would take us close to 1.00.
Wave 5 finished in an ending diagonal, and my primary count considers we´re in wave B of the correction. Green minor support is at 1.100, and gray major support sits at 0.0930.
We seem to have completed waves 1 and 2 of the upside, and this token could get huge gains soon. The conservative entry would require a break of previous 30.68 high. If you´re more aggressive, you could begin building up a position now. Note that the correction could still be in progress, and we´d have lower lows below 20.
Currently, we're navigating through black wave 4 correction in my primary count. This wave is occurring in a flat correction pattern, indicating that a downturn for blue wave C could com soon. Expect the extent of blue wave B to be constrained within the yellow zone. Upon the conclusion of black wave 4, I'll be looking for opportunities for long trades.
We had a false breakout from the consolidation zone, with RSI divergence. I´m taking a long trade targeting initially the top of the range, then 2x SL, and will hold 1/3 of the position.
Here's my analysis for LIT: We observed a low in August, accompanied by bullish RSI divergence. A new higher high was achieved in late October. The token is trending within a well-defined ascending channel (illustrated in black). Recently, there was a failed attempt to break out from this channel, marked by bearish RSI divergence. Based on these...
This token is 100% bullish as long as we stay above the gray support zone (1.850-1.900). My primary wave count considers we are in black wave 3, which should test the resistance levels close to 3.000. The breaking of the ascending channel to the upside is also a strong bullish signal.
The impulsive wave seems to be reaching its final stages, with the 5th wave beginning to show RSI divergence on overbought territory. Key support levels (purple lines) sit at 0.47, 0.43 and 0.38.
The divergence highlighted in my previous analysis has indeed marked the turning point for bulls. In my primary count, we're presently in green wave V, which would become blue wave 1. While it's possible that green wave IV has concluded, we might still see an additional stop hunting push downwards. This analysis holds as long as wave IV remains above the...
It's ok to be uber bullish on Bitcoin... but, from a purely technical point of view, this really doesn't look like a good place to buy. 2-week price action looks like a wedge Volume is falling (typical of an ending diagonal) There is massive RSI divergence.
On the daily chart, price is being held by strong resistance around 4.80. We have broken and retested the green descending trendline. I am biased for a break to the upside, but I'd prefer if we at least got a pullback to 50%, to have long trades with better probabilities.
After finishing the ABC correction successfully, GRT is back on the uptrend with an impulsive wave that doubled the token's price. I'm considering we're beginning wave C of wave 2 as a flat correction. After this is done, we could see a very strong upside pump.
Shorting ACH´s failed breakout in the 1H timeframe. Strong volume on the failure and RSI divergence support this trade idea. All levels are on the chart.
The impulsive movement to the upside finished at 0.66, and the blue ascending channel was broken. Now we have a new descending channel in green for the correction, and I´ll wait for its conclusion to look for long trades. Ideally, I´d like to see a test of at least 50% pullback, and then a break of the green channel.