BTC has proven itself to be respecting the trendline as shown by Highlighted regions on chart, we have seen this trendline to act as Support or Resistance from time to time and have also witnessed a historical crash when BTC broke this trendline downward and retested it as resistance. Current situation is similar to that. We have broken down of trendline and are...
Bitcoin is currently trading at a critical level and a correction can happen anytime. Though the big question right now is that can this upcoming correction occur in a healthy way and act as impulsive wave 2 to push the prices to new heights, or will this correction turn into downtrend causing the BTC to crash ?? Drop your opinions below in comments if you want....
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In my previous analysis on 4 hour chart, I mentioned that wave 5 extended into Corrective Waves ABC along with breaking of wedge formation downward, we are currently in wave 5. After BTC broke downward of rising wedge, we witnessed bounce from support region consisting of demand zone and parallel channel support. I am still expecting BTC to go to 51k region....
AXS is near its trend line resistance around 23. If the resistance holds then it will follow its cycle 3rd time and move towards the trend line support. Otherwise, if the resistance is broken and retested as support, AXS will pump irregularly due to the squeeze of short positions.
DOGE is currently finding hard to maintain support at 0.22 and if its unable to bounce up from this support (or does fake Bounce like before) we might be seeing DOGE at next support level @0.13 very soon or given market condition 0.014 is also possible in worst case (from where it all started)
DOGE is currently finding hard to maintain support at 0.22 and if its unable to bounce up from this support (or does fake Bounce like before) we might be seeing DOGE at next support level @0.13 very soon or given market condition 0.014 is also possible in worst case (from where it all started)
Unlike before, BTC failed to bounce back up and recover like it bounced back before, indicating that we are still in downtrend, 30K support has already been tested and in case of retest, we might be seeing BTC at ~20k soon.
We have been making rising wedge on BTC on 4hour timeframe and the impulse wave 5 has just been ended followed by sharp drop of round 2000$. Now we are heading towards correction waves along with breaking the rising wedge downward, i am expecting the correction waves to be like these.
After breaking trendline support and forming Bearish Flag afterwards, Ethereum has now recently been broken down of that Bearish Flag along with successful retest which can be seen by clear downward rejection from micro 0.5 fib level. My current target for Ethereum for now would be in 2.7k range as it has good support in that region consisting of Micro 1.618 fib...
BAL had been trying hard to break the key demand area after successfully making cup and handle pattern, though the bulls failed to keep BAL above key level area and the trendline support which has been held since 21st July has been broken downward along with printing of first LL after a long time. It would be safe to assume that after a strong upward rally, BAL is...
SLP has been making falling wedge on 4hour timeframe and has major support area around 0.155 - 0.135 $. We are currently in wave 5 for SLP . I am expecting it to boom once wave 5 is completed. My target will be around 0.32.
ICP has broken its falling wedge downward thus in case of ICP, the falling wedge has turned into bearish sentiment rather than bullish due to downward break, its currently trying to retest the trendline support and is in a small uptrend on 15min chart (Uptrend support line drawn on chart), after confirmation of rejection and break of trendline support, ICP will be...
ICP had broken out of falling wedge and has retested on 15 min timeframe aswell, i am currently aiming for that 0.5-0.618 fib ratio but the target can be increased depending on the market situation at that time.
As we know that we have been making contracting ending diagonal waves on BTC and Wave 5 seems to have turned into extension of 3 corrective waves (ABC) so I am looking at 49-51k area as that is the key level of supply, from where the Ending Diagonal waves will play out. My target is the price range where Wave 2 is ending. Plus there lies the daily trendline which...
KSM has broken its trendline resistance after getting rejection from it for 4 times, Its currently in consolidation phase and an upward movement to 0.618 Fib level is expected soon.
ICP has been in continuous downtrend since its listing, after a long time, it has started making falling wedge pattern on 4 hour timeframe, this can act as the push needed for ICP to break the forever lasting downtrend. In case the upper trend line resistance is not broken, the safe target would be around 45-46 if this falling wedge is executed.