NPXS/USDT Technical AnalysisThis is where we are at now. I have done a 4-hour chart of my prediction of where I can see NPXS going. As you can see, I predict a downscale to 0.003. I predict that it will bounce of 0.003 and begin to pump again if it falls below the support line. I am still optimistic that it will pump above the support line of 0.003 within the hour to start showing a trend of waves between the line of 0.003 and 0.0027; however, if BTC continues to consolidate between $54,000 and $56,000, we could be looking at a mini alt season. I do believe we will reach around 0.00445 to 0.005 before the token reduction.
Priceprediction
ADA Decision time? 1.20USD by midday today: 8-mar-21drew this wedge days ago...ADA just squeezed itself into the point...it has a few more 4hr candles left to print before a breakout to the upside based on fundamentals and basic indicators. Shot at 1.20-1.24 monday, 8-mar-21 around midday maybe? Thoughts?
Elliott Wave TheoryElliott Wave Theory
What is the Elliott Wave Theory?
The Elliott Wave Theory came from Mr. Ralph Nelson Elliott in the 1930s. The Elliott Wave Theory said that there are five waves in the main trend with three waves in a correction. The smaller patterns together form the bigger pattern.
Pattern Identification
Wave 1, 2, 3, 4, and 5 run in the direction of the main trend. Legs A, B, and C form a correction pattern. Wave 1, 3, and 5 are impulse wave, which makes advancement in the direction in the current trend. Wave 2 and 4 are the corrective wave that travels in the opposite direction of the main trend.
Variation of Wave 1, 3 and 5
Legs A, B, and C are corrective waves following the 5 waves in the main trend. Leg B may appear in numerous variations. Leg B may have more than one rebound peak, and when that happens Leg C may be delayed. Leg B peaks may be high altitude or low altitude peaks. Leg B may appear in the form of bottoming patterns; however, the downtrend may follow in the form of a Leg C.
Variation of Leg B
Leg C may be a short or a long wave. An additional Leg C may follow immediately. The additional Leg C may be delayed if Leg B takes longer to complete.
Variation of Leg C
A truncation wave is usually a wave five that fails to move beyond the end of wave three. A truncation happens with uptrend and downtrend. Interpretation of the truncation varies in different charts, but a truncation may indicate a reversal is due, but not always.
Benefits of the Elliott Wave Theory
The Elliott Wave enables traders to make better price predictions and improve trade decisions. Knowing that Elliott waves 1, 3, and 5 runs in the direction of the main trend, then trading in the current direction of the security may sometimes be a more favorable bet. Knowing that Elliott wave 2 and 4 are corrective waves of the current main trend, then a trader may consider profit-taking. Knowing that Legs A, B, and C are corrective waves, then a trader may consider trading in the opposite direction of the previous main trend. Knowing that the truncation pattern is forming, this may be an indication of a possible trend reversal. There are risks involved in trading. Each trader has different risk tolerance. Knowing which Elliott wave the security is currently trading in may help the trader decide which direction to trade. Trading in the direction of the waves may reduce the trader risks.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
BNBUSDT (BINAINCE COIN) Struggling to BREAKPOUT! ANALYSIS 🔎
Here is the 4hrs chart on Binaince Coin. BNB has tried many times to hit resistance here!
- BNBUSDT is consolidating in a descending triangle pattern.
- I think relatively a big move is imminent if we breakout the descending resistance
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the descending triangle inclined resistance.
- Downtrend ⬇️: breakdown below support.
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The Golden Cross Against The Death CrossThe Golden Cross Against The Death Cross
What is a simple moving average? A simple moving average of the price is a mathematical method by taking the sum of the price in the timeframe you decided to use and then divide that by the total number of the price you decided to use. An exponential moving average of price places more weight on recent price.
What is a Golden Cross? A Golden Cross is when the 50 units moving average crosses above the 200 units moving average.
Predictability of a Golden Cross? Usually Bullish
What is a Death Cross? A Death Cross is when the 50 units moving average crosses below the 200 units moving average.
Predictability of a Death Cross? Usually Bearish
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
LRC - Price Prediction - Recent Very Positive News!Hello Traders,
LRC is another great project that hasn't shown its true colors yet.
We have to remember that LRC once traded at more than $3, which leaves a lot of room to grow to previous highs. I believe it's very undervalued as of right now and there could be huge potential down the road. Some very positive news came out recently.
LRC is currently being looked at as one of the top layer-2 DEFI exchanges, closing more than $590 Mil in transactions this year. "Cointelegraph wrote, traders are migrating to Loopring to escape the higher/ raising fee's currently associated with Etherums mainnet. "
Though I do believe we are still in the infancy of what Loopring will be able to offer to its user and what the true value will become of its native toke, LRC. As of right now, the LRC token makes up more than 40% of holdings currently on the DEFI exchange. But once we start to see some of that love spread out between other coins, we should see an increase in LRC's price.
Price Prediction: It's quite possible that the current market cap of $699,908,577 could increase to around $1.4 Bil - $1.8 Bil.
Broken down: 1.3 Bil. (est. Circulating Supply) / $1.4 Bil - $1.8 Bil (est. Market Cap) = $1.07 - $1.38 (by end of 2021). This would result in a 130%+ ROI from the current price.
This is a long-term approach but for the short term, we may see a small breakout to retest recent highs.
Also, take a look at how close the ALT. Prep. and LRC is following each other on the hourly chart. I'm keeping an eye on both to help better understand where LRC's price is moving to next.
Good luck!
A Potential Bullish FixerA Potential Bullish Fixer. Bearish divergence on Feb 10, 2021, when the stock was topping at around $65. On Feb 18, 2021, the bearish divergence completed the pattern followed with a market sell-off immediately to around $42. Now, this stock is a potential bullish fixer. What do I mean by a potential bullish fixer? It is becoming less bearish and has the potential to reach a price of $59. This type of trade I think is risky...
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
More correction is possible for NIO More correction is possible for NIO
NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
More correction is possible for TSLAMore correction is possible for TSLA
TSLA Price Bar Chart is still bearish. It is possible for this stock price to drop further to a price target of $680. -DMI is still very strong and ADX is still rising.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
ZIL breakout expected Wed, 24-Feb. I believe the .1655USD line of resistance will hold forcing ZIL into tightening wedge. I expect it will have to decide on wednesday what to do. Based on all the bullish signals, I'd have to go with a break up forming a new line of consolidation just under .18 USD. Thoughts?
DOGE BREAKOUT INCOMING?! Is it a Bull flag or a Dead Cat Bounce?There are 2 scenarios for Dogecoin right now, either we are seeing a dead cat bounce or a massive pump is imminent. I am going with the more bullish scenario. Dogecoin looks to have been accumulating in a huge bull flag this month. We had a clear breakout from the channel and attempt at 0.065 cents, but we are now accumulating once more as a retest of the trending resistance level. If the pump happens it will be in the next several hours or at most the next couple days.
ZIL to .145usd by Saturday, 19-Feb looks solidCan ZIL hit .145USD tomorrow (sat, 19-feb) and stay above. hope so! this would be a good support level for testing ATH next week. Looks very possible. Thoughts?