Benimen

Benimen Updated 

Elliott Wave estimate here. Not investment advice.

Benimen

Elliott says UNI is in a bottoming formation here, and possibly already has bottomed last week. Either way I'll be looking out for potential 'wave 3' news triggers which would cause this next massive wave up. The announcement of their move into NFT trading would be a good start to that. The governance decision someday to trickle fees to UNI holders would also be a...

Benimen Updated 

Basically there's no path for more downtrend without first a relief rally. And if that relief rally breaks $2830 then it could reach higher-highs at $3300 pretty quick. I'm assuming this is a 5-wave decline at work here though, not to exceed $2400 though. We'll see..

Benimen

Basic Elliott Wave here on a weekly chart shows that ETH could still see 1 more higher-high in this cycle. The $1400 line in the sand is from the 2018 high. If we breach $1400 then all bets are off.

Benimen

So very similar. Worth watching. Not investment advice!

Benimen Updated 

Based on a chart pattern I came across along with some cycles, volume analysis and fractals, it looks like a high potential play for $240-290 ETH could come this week. Who knows what the spark will be to drive the selling, but it can't be pretty if this is what results from it. DISCLAIMER: this is not investment advice and I make no assertions that I know WTF is going on.

Benimen

As the start of this "final correction" takes hold here it looks like we're about to say the final goodbye to these $360-370 levels for awhile. Here's what I'm envisioning this week. Next week could be bloody.

Benimen Updated 

ETH is toppy and frothy and sentiment is insanely bullish amongst the YFI crowd. Time for a black swan of sorts.

Benimen Updated 

If we’re indeed following 1929 now then here’s how it’ll likely play out... quite the depressing sight.

Benimen Updated 

Initial target: $200 Eventual target in a couple weeks: $150-160

Benimen Updated 

Things about to get ugly. This is based on an analog of BTC in Oct 2012 (bitcoincharts.com) Anyhow, could be way off (has to break above $237 for that to happen I think) but it could potentially reach $160 in the next couple weeks. We'll see!

Benimen

You don't see these every day in Crypto. In fact I can't recall ever seeing one this sharp on a Crypto before. It's oddly enough something you see much more in stocks. Anyhow it's a pretty good top signal. In this case the target would be mid-$180's. Very short-term signal. I'm very bullish ETH around $160-175 for at least a doubling in a month or so. We'll see...

Benimen Updated 

Short-term call here. Over-extended trap here sucking in many. We'll see.

Benimen Updated 

It would appear that we are following gold ala 2008.... If true I'd expect one last dip here to sub-$5k within next 2 weeks. Short-term bear, medium and long-term bull.

Benimen

Elliott wave says ATOMBTC might have bottomed here and is about to start a huge rally.

Benimen Updated 

Basic Elliott and volume analysis here pointing to a further run into the rest of Q1 2020. 0.0005 is the firm support for ATOMBTC in this move. Below that would negate this scenario and would require re-analysis.

Benimen

Chart speaks for itself... Higher-highs with higher and higher lows. Volume also picking up and indicating some large, impatient accumulation.

Benimen Updated 

As evidenced on the chart, the 12-hour bar chart of ATOMUSD just closed above the previous recent 12-hour bar high for the first time since this decline started back in June. Basic trend change indication. The next sign of a reversal I'm looking for is a close, on more volume than what we just saw, above $2.60 resistance.