Steem will contest the 61.8% retracement which will complete its pattern. Look for divergence and a nice reversal with volume. At that point i would expect it to challenge the top trend. A close above, then maybe it coming back into the pattern before moving up again. DYOR.
PIVX is forming a classic pattern. We have 2 scenarios. A preferred scenario which is current, or alternative scenario which is possible. First we notice a short term double top. Market did correct in past few days but this is normal with every market. Don't call the sky is falling. It's not, well at least not yet. Scenario 1: Light Blue: Nice noticeable flag...
Every single market in the world has corrections. The % loss / gain is relevant to the market we trade. You can expect a market that has compound growth of 20-30% each day, to have a correction of the prior range that will fall between 50% - 78.6%. This is a AB-CD pattern that forms a nice zig zag. We will see it most likely hit this 78.6% point (or 75%), and...
Identical pattern to MTL right now. only difference is we have a Gartley instead of a Cypher, plus no Dow confirmation. PAY will definitely start to rally if it picks up volume where the blue circles are. Once it peaks towards the previous peak, it will consolidate forming its flag or triangle. DYOR
MTL found support where it commenced a nice rally of what looks to be either a corrective wave in a longer term wave C sequence, or a possible commencement of wave 1. What triggered my eye was after it found support at its all time low, MTL rallied to create a peak, a higher trough, then a Dow confirmation peak. The retracement is a common factor as the bulls that...