If btc does not make a lower low on 1hr time frame, keeping in mind the reset of elliot wave count reset and the bullish divergence we may see the cup and handle play out.
After an accumulation period EGLD has broken to the upside, reaching its target. Not it comes back to retest the newly formed support levels and possibly reverse from the area of 0.782 fib retracement, which is in confluence with the 50 day MA.
On the daily, if we see a green candle , then a bullish divergence will be formed to confirm the reversal. The...
We are approaching a key level of resistance, after which a double bottom pattern could play out on the weekly time framce. On the daily time frame, another double bottom has been formed with a neckline at 0.0488$, which has been retested and confirmed. Once the daily one plays out, the weekly will as well. I would take profits at the Fibonacci retacements levels.
XRP is accurately mimicking the phases of its last cycle ended with a massive move. Ghost patterns bring it's price up to 13-14$ price area. For the future weeks I expect us to see a rally towards 1.3$ followed by a small rejection of approximately 20%, after which the rally would begin.
During the correction phase matic has respected the ascending triangle trendline constraints. We cand expect that the week stating on 13 dec would be the most accurate time approximation for the breakout due to the fib time. The take profit areas are signaled on the chart. Good luck!
With this last correction we were finally able to confirm the 1 year accumulation symmetrical triangle. The longer the accumulation phase, the higher targets. The bottom is probably in at 0.89 $ and we are expecting a pump equivalent to the pump which determined the higher bound of the triangle (460%). Obviously this will play out in a matter of months. The taking...
Due to the recent events, BTC has reached a highly extended overbought region which is too much for it to break the hardest resistances formed around the region of the ATH . In addition, fear and greed indexes have risen up to almost extreme greed, which historically has resulted in a correction. The BTC correction will probabil consist of a retrace to the...
Due to the recent events, BTC has reached a highly extended overbought region which is too much for it to break the hardest resistances formed around the region of the ATH. In addition, fear and greed indexes have risen up to almost extreme greed, which historically has resulted in a correction. The BTC correction will probabil consist of a retrace to the neckline...
Considering the long term trendline which will be broken sooner or later, XRP is set to outperform ETH in the short term. Currently is close to a bottom and soon will reach the levels shown on the chart.
The triangle has a high probability of breaking to the upside considering the current BTC triangle breakout on 4H. I expect XRP to outperform btc until a new ATH for BTC is made.
On the 4H we are in a ascending triangle which breaks to the up with a 80% probability. We got an bounce from the lower boundary, so we continue to print Higher Lows. I am waiting to see a clean 40% break to the upside which could lead to xrp moving to 2.34$, if BTC doesn't move too much.
This should be a move of about 11%, tradable both upwards and downwards. After a little accumulation phase and the launch of uniswap V3 I expect braking upwards.
47.5-48.3 should be a hard area to break.
I expect this scenario to play out. This could finalize the cup and handle pattern posted in my last idea.
Targets are :
~1.55$ for iH&L
~1.765$ strong resistance
~1.9$ the target of the Cup and Handle pattern
