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3-WAVE

WAVES/USDT New Bullish WaveWAVES has seen some crazy gains this year, coming from a value of $0.25. In the last two days volume has picked up significantly, sending the price upward. Currently, the first resistance to beat would be the R1 line, placed at the ATH around $9. If that one is take out with sufficient force, expect the price to shoot up till $10, R2. In case we will see another wave, like we have seen two times already this year, we might even see the price hit $15. Although that's something for further in the future. Happy trading!
WLong
by FieryTrading
4
EUR ZAR (possible long entry - possible to be a VERY big trade)This is another easy and straight forward setup. This appears to be an Elliot wave 5 wave fractal pattern. It seems to me that we are probably in wave 4, though I do not think wave is finished yet. Wave 4 likes to finish near the top of wave 1. We should be in the ABC/complex correction of the minor waves. We are in a small uptrend that is actually a bear flag in the overall bigger picture. However, it seems we still have upside potential. I will be looking for price to breakout of the counter trend line, probably near the current support level, then ride the counter trend line down to the false break zone near the very bottom trend line. We have stronger support here, the top of wave 1, and an expected place for the bottom of wave 4 to rest. From here it is a long way up to the conservative take profit just before the top of wave 3. If wave 5 is not truncated we can expected a much much bigger move past wave 3 and off of the screen shot. Massive pips can be made off of this trade.
Long
by sgsummers
Ethereum Topped. Where Are Our Targets?It is likely Ethereum has topped out here. Lower timeframes show a tonne of illiquidity patterns and a lower high, indicating total lack of strength to push any higher, so we will need to go down to lower levels until buying steps in. Given how slowly it is moving to the downside, and that all areas of support/resistance get bought up, I would say this is a monstrous liquidity grab and we will set up a consolidation zone before moving much, much higher. I see this as the 3rd leg of the Elliott Wave. It would be great to move to the slower support and have everyone saying crypto is dead etc. If volume come in there it will be a great entry.
Short
by dontdaytrade
3
Bitcoin is Almost Done!This is a fairly simple idea using the only available trendlines from previous runs and Fib extensions. BTC is also coming up to the last extension from the first Elliott Wave in this bull run. I don't think this is the final top, but we will have a large correction from here. We are melting up on low volume after a large volume sell off at around 32k, as well, alts are now lagging, which is usually what happens after they have their run ups near the peak. It's currently past the trendline, I expect a wick up to the fib level on the weekly candle, with a close below the trendline If you look on the daily, this lower trendline definitely caused resistance, so it is valid.
Short
by dontdaytrade
12
Ethereum Has Completed the Measured MoveFrom the breakout point at about $620, where ETH started goin really vertical, it has now completed a measured move, if we assume the entire section underneath that was an accumulation zone. It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March. Likely retracement targets are around $750 - 800, and best case scenario the breakout point at $620. Not likely, but it might be wise to leave some cash around in case it gets that low. Have fun!
Short
by dontdaytrade