BTC has already retraced 50% from the high reached on 5 May. A bearish flag is busy to form inside the bullish descending wedge which makes me believe that BTC will drop to the $8000 support where-after it will bounces back. Should the $8000 fail as a support it will retraces to the golden pocket ($7800 / 00.618 Fib level) before it bounces back to start leg...
Some side ways movement to consolidate and form a bullish flag is some positive signs that ETH may keep the bullish momentum and go higher ... ETH is currently busy with leg 5 which also indicates that higher highs are expected soon .. No financial advice Educational purposes only ....
The Cardano chart s almost a carbon copy of the EOS chart posted earlier (see attached) .. ADA retraced 50% to hopefully have completed leg 2 Should it retraces more it may go down to the next support at 0.00002712 or even to 0.618 Fib (0.00002896 sats) before starting leg 3 as indicated in red. No financial advice Educational purposes only
EOS retraced 50% to complete leg 2 Should it retraces more it may go down to 0.618 Fib (0.0012488 sats) before starting leg 3 as indicated in red. No financial advice Educational purposes only
While EOS is battling to get upwards momentum a descending wedge (bullish) has formed on the 1 hour chart that indicates a possible reversal of the current down trend ..... No financial advise Educational purposes only
Current price action is in an upward channel (blue) It has broken out of the ascending triangle (orange) and also broken above the black trend line. All signs are bullish for now .... No financial advise Educational purposes only
Can the ascending triangle kick start the much needed reversal and help EOS crawl her way back to the top ... No financial advise Educational purposes only
Looking at the 1D chart of VERGE things are not looking favorable for the bullish traders. Although a break out of the blue triangle is looming all action (price, TK Cross and lagging span) is currently taking place inside or underneath the bearish cloud. We have to patiently wait for the kumo twist ahead of us and the price action to break out to the top and...
H&S says down but it appears EOS wants to break out to the top from the wedge .... which way will it goes? Wait for clear break out confirmation before any decision is taken No financial advice Educational purposes only
After some sideways movement ETH may come down one more time to point E before it breaks out to continue upwards and complete blue sub-wave 5. No financial advice Educational purposes only
While waiting for sub-wave 1 (blue) to be completed a Head and Shoulders pattern has made its appearance and may spoil the party..... like what happened to Monero recently .... I do hope its not the case for every one who is LONG... like me. I have attached the Monero chart for you to see the similarities .... No financial advise Educational purposes only
The retracement of brown sub-wave 4 seems to be done and brown leg 5 should now be in progress to complete blue sub-wave 1 of Leg 5 (in black). No financial advise Educational purposes only
BTC Currently in a downward channel to complete leg C of correction ABC. She did find support on 0.236Fbi. and should she get pass it a new support will be waiting around $8900. This may also be point C of a flat correction before BTC moves higher again. No financial advise Educational purposes only
VERGE has broken out of the corner and found herself above the black trend line. However, she is running into heavy resistance at 800 sats as well as the 50EMA (orange) on the 1 hour chart. If she managed to overcome them some more resistance will face her at 813 sats as well as the 200 EMA (purple) An increase in volume will be very helpful No financial...
ETH is moving along very nicely and the prediction is that it will finish retracing sub-wave 4 before taking on sub-wave 5 of leg 3. Possible buy zone at 0.382 Fib No financial advise Educational purposes only
The tripple bottom (two days ago) has failed to generate enough power to push Ripple through the top of the channel at 9400 sats. A huge bearish divergence is evident which may cause Ripple to end up at C (should the bottom trend line be broken). Maybe a good idea o go short ???. No financial advise Educational purposes only.
The descending bullish triangle may assist EOS in moving upwards to complete sub-wave 3 (orange) of wave 1 (blue), leg 5 (black) No financial advise Educational purposes only.
It seems like LTC is busy with reactionary wave nr.4 before taking on leg 5