Basically inverted H'nS. At the moment BTC printed what might be a reversal candle on 1H
For now ICX follows BTC closely, although gaining and losing more %% respectively. However when BTC will turn bullish ICX will most likely start to regain its position way faster, becoming less dependant on BTC moves.
BB contracted on 1H, exagerated bear divergence on RSI, And rising wedge. Correction coming. 6450?
Quite obvious idea how ADA might play out. If it follows the timing of first and second wave (expansion and correction) it should reach at least 4700 (fib 1.236) within 3 weeks
This time I added futures opening (3M on 29th of may and 6M on 29th of June - which will be long - hence need for low entry into BTC) and closing (25th of May - short). the 29th of June might end in triangle, mieght end below - Cause what better entry into alts for big players then BTC @ 5K? All is needed is loading enough of Korea FUD ;) BTW the dotted lines...
Basically the idea is we'd repeat the fractal shape that happened 2x before, while remaining within purple triange. Of course if breakout towards the support of purple triangle were to happen today/tomorrow, then the whole idea gets shortened as we touched upon the baseline for 3rd time
it would be quite suprising, and as BTC likes to do opposite than expected, then how about sth like that
This is mostly mapping the directions, supports and resistances. The last large arrow is only informational - Im pretty sure this movement wil it to play out will play out in some wavelike formation. Cheers
It seems to me that SRN is breakingout, and just is went through 1st wave and subsequent correction (wave 2 - both of them marked in green). They seem to be a part of larger impulse elliot wave 3 (marked in pink).