YWWUSD $0.96+? Elliot Wave AnalysisPrice target: 1:1 extension of wave 1
Stoploss: 0.25 (below C)
ABCDE contracting triangle correction with lower highs and higher lows
Contraction of volume during triangle like normal
Bullish indicators:
-Falling wedge on MACD
-MACD kissing after downtrend
-Below 20 on stochastic (best entry would be after it goes above 20)
-Just finished ABCDE allowing for a very safe entry with huge profit potential with very good risk to reward ratio
Elliotwavesanalysis
NXTUSD $0.30? Elliot Wave AnalysisThe argument for why NXTUSD will go to $0.30:
-Wave 3 hit almost a perfect 1.618 extension of wave 1-2 meaning the price target is either a 1:1 extension of wave 3 or a 2.618 extension of wave 1-2
-Bullish divergence of the price moving above base-line on 1h, (price is already above base-line on 2h candles)
-Bullish divergence of conversion-line and base-line while price is above a GREEN cloud on 1h candles (already is on 2h)
-Bullish MACD divergence on 1h candles, likely will the 2h candles as well soon
-Elliot move being analyzed is a breakout with massive volume after a very long consolidation phase of almost six months
Elliot wave is following traditional patterns such as
-61.8% retracement on wave 1-2, and almost 38.2% retracement of wave 4
-Zigzag ABC 535 appearing on wave 2 and wave 4 ABCDE 33333 (drawn on 15m candles)
DCRUSD $72+? Elliot Wave AnalysisMy thesis on why DCR will hit $72 and is in an excellent spot to enter currently:
-Trading at the bottom of the support of the wave 4 triangle
-5 ABC patterns already completed (drawn on 15m candles)
-Still well above the cloud on 2h and 1d timeframes, currently at near the bottom of the support of the cloud on 1h making it an excellent entry
-Conversion-line still above base-line on 2h and 1d candles
-Cloud green on 1h, 2h, and 1d candles
-Substantial P/L ratio, even with minimum PT of 1.618 extensions of W1-2. If it reaches the stop loss, then the trade is complete void, and the waves invalidated. In other words, a 5:1+ P/L ratio for the worst good scenario and the worst, worst case scenario.
-This Elliot wave analysis comes after a breakout of a considerable consolidation phase showing that it isn't just a fluke
Please leave any feedback in the comments below. I have been unable to respond to comments recently, so if you have a question feel free to PM me. I am trying some new changes to my strategy in hopes of better success.
SCUSD $0.008 After Correction? Elliot Wave AnalysisGreen = entry zone, red = sell zone
Preface: I am NOT saying to enter at the time of posting. PLEASE READ.
Explanation on the Fibonacci levels on the graph:
-Wave 2 retraced 78.6% of wave 1, meaning that it is very likely that wave 4 will retrace, at most, 23.6-50%. Since a 50% retracement would put wave 4 below wave 1, I have only put 23.6%.
-Since wave 3 did a nearly perfect 100% extension of wave 1-2, I have set the price target at a 161.8% extension of wave 1-2 on wave 5.
-While RSI is performing well from high to high, it is a rising wedge. It means a short correction term is likely.
If you have any questions or feedback, feel free to leave them in the comments. I have been unable to reply to comments recently due to moderation action, but if I can't respond because of this feel free to PM me.
Bitcoin tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
LSKUSD $13? Elliot Wave AnalysisWhy I think this:
Strong bullish indicators
-Good volume on breakout of consolidation phase
-Falling wedge on RSI (white line on RSI graph)
-Recently had a bullish MACD divergence on 4h and longer candles (more on this later)
Don't enter now, however for these reasons
-RSI at the top of resistance on falling wedge
-Bearish MACD divergence on shorter candle length (45 min, 1h)
Instead, wait to enter potentially at these times
-Bullish MACD divergence on shorter candles
-Breaking out or at bottom of support of falling wedge on RSI
-As long as this happens within $8-7.17, it's a good entry point
Please leave any feedback/questions in the comments. If I don't reply it's because I have been having issues replying to comments. Feel free to PM
BCHUSD $1881 SHORT TERM! Elliot Wave AnalysisTried to make this one as quickly as possible seeing that it's about to moon
BULLISH INDICATORS
-Strong volume on breakout of consolidation (bullish pennant). Shows continatuion of bullish trend
BTGUSD $488+ After Correction? Elliot Wave AnalysisPreface - don't enter long now, at the price of posting, this is a long idea at ~320-296
Why I think this:
Short-term bearish indicators
-Bearish RSI divergence on shorter candle lengths (blue line on RSI graph)
-Bearish MACD divergence seen on longer candle lengths (4h for example)
-RSI showing a lower low for each lower low, showing a likely continuation short-term (white line on RSI graph)
-This is showing a likely at least a retest of the previous support at the 50% Fibonacci retracement.
Longer-term bullish indicators
-Super strong volume on breakout of consolidation phase
-Strong RSI on longer candles lengths (again, seen on 4h) from high to high showing a continuation after correction which is also shown short-term on longer candles like 4h where low to low it's reaching lower RSI)
Please leave any feedback/comments below. If I don't reply feel free to PM me (I have been having trouble responding to people in my comments for whatever reason)
DASHUSD 525- SHORT TERM, 820+ LONG TERM! Elliot Wave AnalysisBearish RSI helping to make the case that DASHUSD is due for a correction downwards before continuing to move up.
Please read the text boxes, they explain all of the placement of the lines.
Feel free to leave any feedback and/or questions in the comments
