Charting at a friend's request. On the weekly chart, $CRSP looks to have potentially completed a strong Wave 4 correction. Sure does feel like its a good time to enter with a position and prepare for a Wave 5 climb, with a potential target price of $281~$319.
Whatever your TA beliefs may be, here's mine, sharing it as an educational piece, not financial advice . My strategy is to dollar-cost into dry powder until Wave B completes, then dollar-cost back into $ZIL until Wave C completes. Then ride the Bull Wave until $0.50! Wave B TP highs of $0.148 Wave C TP lows of $0.063 Good luck with your trades!
Feb 2021's ATH were broken, albeit briefly, hours ago, and we now see just how strong the resistance is at the Bear's camp towards the $0.16 region. It seems that we are now in a Corrective Wave ABC (Flat 3-3-5). Depending on the kind of price action confirmations we get in the next few days, $ZIL could see 2 types of results from here: Result 1 Bears win,...
If indeed it seems that we have completed Corrective Wave A, then Corrective Wave B underway should take us towards $800 resistance. Buy: $640 (Today) Sell: $760~$820 (end of March)
Formerly known as Mainframe, and the ERC-20 token formerly priced at sub 1cents, the developers have since pivoted towards DeFi and price action have made tremendous gains as the fixed-rate lending protocol nears launch. Originally I've held a small bag, which has since grown to be a decent bag. I explore this chart to estimate how far price action can go, based...
Foremost, this is a study piece that employs Elliot Wave analysis to anticipate $ZIL's trajectory in the near term. This is NOT FINANCIAL ADVICE . We begin by acknowledging that $ZIL is currently on its own Super Cycle, beginning from 2020's nadir in March: Corrective Wave (II) underway, at the Super Cycle degree. This is quite the achievement for this...
Let's dive in straight, but before we do, please use this Elliot Wave analysis for educational purposes only, aka Not Financial Advice . In our previous analysis for $BTCUSD, Elon Musk's Tesla gave bitcoin a titanic push to the upside -- smashing new All Time Highs and my pride along the way. If ever there was a bright side to anything, it was the confirmation...
Foremost, I do not recommend anyone shorting anything. In fact, selling something you do not own should be illegal. Secondly, DD and DYOR , as this study is merely my elliot wave analysis of historical market movements for a better estimates of future trends. Thirdly, while I may oft call for a correction to hit BITSTAMP:BTCUSD , know that I am extremely...
Enjoy the shortterm bull run towards ATH. This study is based on the Intermediate Degree, on the Daily chart. a) Uptrending Corrective Wave will hit TP of $42.7k early Feb. If $BTC doesn't hit or break ATH, it's a signal for another dip. But if it breaks ATH, then it's a double-edged sword, where it can continue appreciating. If this occurs, wait on the...
Indeed it has been a few months since my last analysis on $BTCUSD. I recall my Nov20/Dec20 bearish sentiments (link to idea below) -- whom BITSTAMP:BTCUSD smashed in the face promptly, retracing 23.6% to $14.5k, before rallying to new ATHs ($42k). And when $BTC rallies, I dare not put a pin on its strength, because it is such a mighty, unpinnable beast. But...
It's been a hectic day at the office of late, and I thought maybe I could do something different from my usual Elliot Wave analysis. I wanted to really find out for myself, how $ZIL has been performing since the turn of Dec 2020, and I apologise in advance if you find this date a little biased -- because I don't. This is a feel-good % chart that shows me just...
It sounds like this chart above. Foremost, Happy New Year! Indeed it has been, right? $ZIL surpassed expectations as Cycle Wave II's compressed consolidation resulted in an explosive end of year run, briefly breaking Jul 2018's resistance. Let's start the year with a macro view of $ZIL's performance in the short term ( ~9days to 50days ). So, good news and bad...
Disclaimer: This is a Zuper Bull analysis. Rest assured that I'd shout 'Bears!' when I see one -- but not today. On the Minor Cycle, a corrective Wave 4 is underway. Currently playing out as a 'bullish flag' pattern with a strong support line ($0.045) at the 38.2% fib retracement (of Wave 3's). On the Intermediate Cycle (4H Chart), we are on an Impulse Wave 3...
$ZIL's price action may have performed extremely well of late but let's not get too carried away too soon, as talks of US stimulus isn't yet confirmed. Also, what not with lockdowns appearing in many countries, along with unemployment and defaults on the rise -- but I will do my best not to rain on your parade. Precisely why I have decided to work on a fresh...
We are on a Minor Wave (3) of an Intermediate Wave ((3)) of a Primary Wave III. 3rd Waves are usually where the biggest moves occur, and if we are to believe this theory, then we might actually blow off the rooftop! Before today, the All-Time-Highs for Year-To-Date has been $0.03 and it was triumphantly broken out of, to zero chagrins of $ZIL hodlers out...
Decided to dabble a little bit with CZ's Binance Coin and am greatly amused with what I see. Granted, there's not a lot of data points to work with, but if the 1D chart is anything to go by, Elliot Wave predicts great things AND maybe bad things: Scenario 1: We're on the cusp of Wave 3 confirmation -- a breakout of previous's ATH resistance towards higher high...
Let's face it, when Bitcoin enters a bear trend (which it is in currently) altcoins are given their moment to shine in the limelight. And $ZIL will shine so bright, you'll see pink butterflies and oreo cookies whenever you blink. Or maybe it may blind you? Firsts, this may seem like financial advice, but it is really mere forecasts using Elliot Wave analysis on...
Studying a friend's favourite stock using Ralph Nelson Elliot's lenses: TSLA is running hot! On a macro trend analysis, TSLA has already achieved its Target Price and has sliced through the roof like hot knife through margarine (healthier choice). Spotting a convergence means a Wave 5 is underway or near its completion. It does have the audacity to borrow...