After a powerful 5-wave rally, the price hit a strong resistance level and faced a sharp rejection. Now, with a clear double top pattern emerging and a 3-wave corrective structure taking shape, all signs point to a potential pullback towards the $57,549.05 region. Will the correction hold, or could deeper support levels be tested next? Stay tuned! #Bitcoin...
In order to complete the 3rd bearish wave, Bitcoin has broken the ascending channel and seems to be going for the target of $15,000.
In the 4-hour time frame, it has completed 5 downward waves with a positive divergence and can perform a 3-wave corrective movement up to the specified range.
In the lower time frame, 5-wave descending waves have formed The downward corner pattern is being completed and the price of 19,200 can be considered as the completion range of the corner and corrective wave B. If the pattern breaks at the end of wave C, the price range is 19,750 to 19,770.
Vet has finished his wave in the 4-hour 5-minute time frame and has also completed corrective waves A and B. It is currently trying to complete the corrective wave C The price range is 0.029 to 0.03 trading nodes and the resistance range. The completion of the C wave can also be completed in the same range.
According to the previous analysis presented, Ripple was able to see the said range to complete wave 4 At present, the roof of the downward channel and the resistance range along with the hidden divergence. The price can move up to the price range of 0.4 for the first downward step.
Solana is on its own wave 5 in the 4-hour time frame Currently, Solana is at the bottom of its short-term ascending channel and can correct up to the $38 range. The support range of $20 can be the completion of the 5-downward wave or a part of this wave. Solana can experience a price drop by forming the AB=CD harmonic alcove up to the support range of $20. With...
According to last week's analysis, Cardano reached the mentioned limits It is currently on the support range and can make a price correction upwards and then go towards the completion of wave C which is the price range of $0.33.
Ripple entered wave 4 in the 4-hour time frame after completing its downward wave 3, and we are still in wave 4 of correction. Wave 4 seems to have a 3-wave structural correction, with the last corrective wave (C) being made. The completion of wave (C) of the ripple can be within the green range and after we enter the descending wave 5
Ethereum completed its 5-wave downtrend with the breaking of the ascending channel and now it seems to complete its 3-wave pullback to the broken channel.
DOT has completed its main wave 4 and is currently on the downtrend of the main wave 5. that we are moving forward step by step with this wave. First, we went up to the price range of 6.8, which completed micro-wave 1 and then corrected to the range of 0.23 Fibonacci degrees. In the second step, this cryptocurrency should move up to the price of $6.3, which is...
ADAUSDT(H4) Cardano was able to complete wave A by breaking his bullish angle pattern, and then by correcting the price upwards, he completed corrective wave B. It is currently trying to complete the remaining wave C In a more detailed view, Cardano is looking for a pullback to the broken areas, which forms micro-wave B, and after that, we need to see what the...
Bitcoin has broken the support level of 20,900-21,300 dollars in the 4-hour time frame, which can now act as an authority and is a level (FTB). From Elliott's point of view, this level overlaps with the 0.618 Fibonacci range and can be the end of wave B and the beginning of wave C down to the 1.618 Fibonacci range. From the point of view of classic technical and...
Ethereum tried several times to stabilize above the $2000 range, but failed to do so and experienced a correction to the $1850 range. Ethereum is currently near its uptrend and above the moving 50, which is the main support for Ethereum at the moment. Currently, two scenarios.If the upward trend breaks and if it stabilizes, further correction can be experienced up...
The total chart, with its very beautiful technical makeup in the 4-hour time frame, can be another factor in the beginning of wave 5 of the market. By forming a diagonal pattern and 5 waves formed inside it, Total can make a correction up to the specified range.
BNB(H4) Divergence & Pattern Binance Coin has been observed in the 4-hour time frame with a diagonal pattern at the end of wave 4 with a negative normal divergence. This pattern here on the chart can be the beginning of wave 5. We have to wait for bears to enter the market
BNB(D) Priceaction & Elliott Binance Coin is in a downward channel in the daily time frame and is fluctuating. This micro-wave channel shows the main wave 2 well, which has now completed wave 4 and is starting wave 5. The supply zone and the ceiling of the channel overlap, which helps to start wave 5 more.
BNB(W) Elliott Wave The main wave completed itself with 5 small waves and now it is completing the intermediate wave Wave 2 of 5 sub-waves is likely to form and now it is completing wave 4 of 2 and preparing for wave 5 of 2.