Do you know one crypto whose council members include Google, IBM, Boeing, LG, and other dazzling blue chips? It's not about a blockchain product: it's about a product of a next-generation distributed ledger technology. Arguably, Hedera hashgraph is one of the most underestimated altcoins. With such robust fundamentals aside, like other alts, it's susceptible to...
BTC hovering above a key level of 20500-20800. Still bearish overall, but a short-term rebound from a double bottom isn't unlikely. Given a diagonal resistance, we could TP of a long at the retracement levels of 0.382-0.618 (or 0.786-0.886 in a more bullish scenario). This is calculated from recent pivots, as indicated by a gray shaded triangle. However, ...
ETH seems to have completed a triangle wave formation (with minor 5 waves). If Head and Sholders are forming, we would see some upside in the daily timeframe that could draw the rightsholder. A typical target of H & S would be FE 1.272 or 1.618 (or deeper). Take care.
BTC has failed to climb up into the green-line wedge. A pullback before trend continuation is suspected. Relatively strong support is expected at about 18300 level: the upper edge of a right-descending parallel channel.
According to the Elliot Wave Theory, a correction wave comprises three minor waves. In the BTCUSDT 1H TF chart, I drew three correction waves- Zigzag(ABC), Flat(ABC) and Diagonal(I,II,III,IV, and V(12345)). All of these waves seem to accord with EW theory, apparently without a violation (if any, please comment below). So we've now got a complete correction...