Caution is in order, this rally has faked us out twice already, looking near pivot, then jumping higher. Bears been expecting a double bottom formation and still are waiting. On the daily chart Sand P has an Elliott Wave bullish impulse form developing, rather than the ABC many contributors have suggested. The segment labeled (3) is quite a bit longer than the...
If you check the weekly chart, you will notice that the 1.0000 has been a very strong level over the years. If the bullish trend breaks the 1.0000 it will be strongly going towards the weekly resistance trend line extending the fifth wave and confirming the bigger fifth wave (weekly) I hope my analysis is useful for your next trades Don't forget to hit the like...
Chart says all. So many contributors with great ideas about what we might expect. Just my 2c. It never goes straight down but makes short squeeze traps along the way. The runup to 24k was a terrific squeeze, rejected at 0.50 Fibo- exactly. Be cautious, short the rallies, don't plunge as it swings wildly and can squeeze any day. Remember- gaps tend to get filled!...
ADA has currently completed 5 subwaves of the third wave. The RSI is displaying bearish divergence, where the price goes higher, but the RSI does not. This could indicate that ADA is losing strength even though the price is increasing. This is further supported by the declining volume and rising wedge pattern, which show that the amount of buyers are decreasing....
Wow what an amazing jump! Does it mean the bears are back in hibernation? Doubtful. Boxing Day's record 1k rally was just an impressive a-leg of an a-b-c minor correction after a punishing 3rd Intermediate wave in the current bear wave. Trend is still Bear! Note in chart the abc pattern extension to 0.50 Fibo coincides with the 0.618 Fib retracement of the...
Extreme bullishness prevails. Vix- dropping off to almost nothing. What looks like a tiny Elliott wave 2 formed Friday AM but quickly dissolved into bullish enthusiasm. If this is the breakout move gathering strength, then the chart shows a possible course. I believe we may have entered minor wave 3 of the V(v) 5th wave already ('third-in-fifth wave'). I lost...
To be fully transparent let me admit that I'm brand new to the application of Elliot waves and for all i know this could be a poor candidate, however it does appear to at least fit within the key parameters of an impulse wave and is thus a possibility. I'll list this below but I'd also point out that the macd, stochastic rsi, accumulation/distribution are all...
TRX is moving up 5th Wave; an expectation of an ABC retracement to the previous 4th wave of lesser degree to follow.
Litecoin is following our prevoius count really nice. It hit our projected target a 62! But be aware of fifth wave out of triangle. We could see a big decline with bigger correction soon.