ARBUSDT Elliott wave countArbitrum sitting on 0.618 fib retracement of wave ((i)) or ((a)) and support of previous low from 0.7390.
Wave ((ii)) or ((b)) an expanded flat correction with wave (c) a 5 waves decline from 2.4250 to 0.7333 that broke below previous low 0.7390.
At this level we are watching for evidences for a possible shift to the upside as oscillators are showing bullish divergence and trend to the downside is showing weakness.
Price must clear 0.9984 and 1.2754 in 5 waves for a wave (i) of ((iii)) or ((c))).
We will post updates soon with an intraday count.
Hit the like button if you like my analysis and follow me for future updates and intraday count!
Good luck!
Trendup
ALGORAND/USDT Possible trend reversalIt looks like Algorand will go up after a long sideways trend. This is evidenced by the volumes and consolidation after recent major purchases. Without further ado, a breakout of the lower line means greater downside potential, and a breakout of the upper line means potential upside. Algorand is currently at a great price to risk a larger purchase, I don't expect it to fall much lower, and you can also hold it and multiply it using stacking. In my opinion, 0.17 is a great price for this coin, and we have the potential to increase up to $1 in a short period of time.
MGNI points out to higher valuationMGNI beat EPS and REV in a very competitive industry, pointing out that its market price is undervalued by the crowd.
The Co shows decent profitability and double-digit revenue growth. Moreover, the Co is committed to pro-active cost management - it slashes 6% of the workforce. it sounds not good, but this shows high adaption commitments.
Size your positions according to your risk tolerance.
TBLA impresses on new deals and attractive valuationTBLA signed new deals, including Yahoo, and beats EPS estimates for 5 quarters in a row. At 800 mil mkt cap and revenues above 1.2 bn looks attractive. Also the price seems to just have started a bigger move up. TP 40% higher SL 25% lower. Fast traders can cancel the trade at -15%. Adjust your sizing accordingly.
DOUBLE BOTTOM STILL ??earlier on during the day analysing this chart had pointed out that double bottom , few hours later that red candle followed , im curious as to that makes the DB invalid , considering its Thursday , pretty much the end of a trading week, could it be foreshadowing what we will see next week or expect , i personally do expect price to continue upwards eventually.
TRIPLE BOTTOM ???
INVERSE HEAD AND SHOULDERS??(IF YOU SEE WHAT I MIGHT MEAN)
Gnosis Buy zoneGnosis is again in the low zone. There are upcoming events. Soon there may be a reversal to the bullish trend.
IOS Wallet Gnosis: coinmarketcal.com
End Of Correction EOS/USDBITFINEX:EOSUSD
A beautiful impulsive move at the initial lunch of EOS followed by Sharp A & B correction, then flat C correction. A bullish bar is present at the end of Wave C, creating a new impulsive wave up, certainly this is W5 which must exceed the high of the previous wave and score a new number.
Buy now:0.800
Loss Stop:0.7499
Harbs