The recent pullback in cryptos and subsequent reversal in GRT might signal the completion of a wave 2 pullback. There is also an alternate possibility that we are still in the first wave of wave 3 of one larger degree and the pullback was just wave 4. In either case, we should be headed higher if the reversal is complete. It also looks like many cryptos are...
This is a quick follow on to the linked chart on GRT. I just wanted to highlight the increassing volume as we begin wave 3. Note both the peaks and valleys in volume are trending higher.
The recent pullback in cryptos allowed GRTUSD to finish or possibly near finish its ABC correction. I say possibly because it's still possible for the recent upward movement to be A-B-C, but it looks more like a 3rd wave even having a parabolic look to it. A lot of cryptos start their ICO with an A-B-C downward correction that could last quite a while. ...
On the left we have the bigger picture of a parabolic rise building up (see my linked chart on DGLY). But I also wanted to add on the right an Ellliott Wave count for the past week. I think today's mid afternoon reversal and subsequent EOD push on strong volume is significant and gets us closer to that parabolic rise I'm looking for.
After a massive 5 waves up, DGLY has experienced a shart 5-3-5 correction. It's now made a series of ones and twos and looks ready for a strong third wave.
BNB has been on such a roller coaster since its inception. But if you think of it in terms of Elliott waves it does make sense. A strong wave 1 followed by a sharp zigzag wave 2. Then wave 1 of 3 followed by another sharp 2 of 3. And it appears we are in the 3rd wave right now. It's sometimes difficult to see given the volatility so I think it's useful to...
CRO has been in a devastating bear market since September. However, this past month or so has seen signs of a reversal breaking out of its ending diagonal. During the pullback in cryptos, CRO has shown strength and has exceeded resistance, but not yet closed above it. However, it does appear to be doing that very soon. And if it does, lots of runway for the...
The first few days of trading, GRT made a spectacular Elliott wave bullish impulse move from 0.10 to 0.80 .... a 700% gain! It has since retraced in a classic 5-3-5 correction and has just started 5 waves up to begin the third wave up (usually the largest wave). A decent target for the third wave is at the 2.618 Fibonacci target which is about $1.95 and is...