As i have been learning more i went back to look on previous TA's i have done and found a couple areas id like to improve on, i tried to fix any issues i saw in my previous attempts. One being my ZCL/BTC prediction. Although my targets were not too far off i wanted to make it a cleaner chart and do a bit more analysis on previous patterns within the chart and to...
Litecoin chart is looking to show good signs of reversal. I found a double bottom pattern that follows the rules pretty accurately. Ive noticed the first leg ends before the second leg and there is a good amount of volume throughout these bottoms. The space between the moving averages is decreasing, once we see the 8 EMA (green) move over the 55 EMA (red) it is a...
This is my first full Elliott Wave prediction using fibonacci extension and retracement. Im going to keep this up here and see what happens in the future in regards to the prices. We will see how close/far off i am from these predictions. Price predictions: W3 (0.0174-0.0182) W4 (0.0149-0.0159) W5 (0.0200-0.0208) Correction (0.0136-0.0144)
Previously i predicted the LTC price to dip down to the 78% fib level @ $133 and bounce off of it for a possible reversal. I placed my buy zone from $123-$143. This is the major support level, if it dips below this level and stays it will be something we should start to worry about. But looking at the RSI and volume it looks as if we are going to be trending...
Looks like LTC/USD has formed a descending triangle for a while now. Its nearing the edge where we will either see it breakout or continue on a downtrend. With the RSI getting lower, if we can see it dip under 30 and bounce it would be a great sign to show an upcoming bull run. Also, with the 8 and 55 EMA's getting closer to each other we are hoping for them to...
This is an update on my previous post on XLM/BTC. This includes my predictions for price targets and possible buy points for the final Elliot Waves. Based on the first wave correcting at 0.5 fibonacci level, i estimated wave 4 to be around the same. Then wave 5 may hit the major resistance at the previous high. Also, when i looked at the RSI i noticed it was...
Just starting to learn technical analysis, probably made a couple mistakes or its completely wrong. Anyone who finds something wrong with my analysis and would like to share some tips id appreciate it. Thanks
This is my analysis on XLM/BTC.. from what i have noticed, there was a completed ABC correction and now we are moving into the Elliott waves, perhaps we've seen wave 1 already and now wave 3 is starting to rise (possibly seeing a new high by the end of wave 5). Along the line of wave 3 there has been a recent support on the uptrend showing wicks bouncing off the...
Here is my second Technical Analysis using Elliot Waves and 4 Moving Averages. Please feel free to comment if i have done anything wrong or if there are any tips you guys can give me. From the way i see it, the ABC correction has been completed with a possible startup of the first elliot wave. Another indication I got was the moving averages starting to fan out...