#BCH Remains in bearish trend since the break of the trendline at the top. Under resistance of EMAs + trendline. Lot of work to do to show some bullish momentum.
MATIC/BTC shows a possible cup and handle pattern
Similar to #ADA, while everybody is looking at a potential flat wave 4, a good case can be made for #XLM to have bottomed. A-C = 1.272. Retracement to the 0.618, bounce on the 2 years old trendline. If completed, yes it was short in time, sharp and deep. But it's hard to say that it looks bad
While the flat wave 4 is on everyone's mind right now, #ADA could very well already be done correcting. Clean 5-3-5 zigzag to the downside with A-C = 1-1. Bouncing after nice 4 hours bullish divergence. #cardano
It has historically been an important level to watch. Just smthg to note
Triangle 4 likely, one more down
In the bullish view we have completed a flat and should move up soon. However we are contracting under resistance. In the bearish view we topped with a 3 waves move perfectly contained in a channel on the daily and we are set to drop quite a lot.
Looking at this zigzag count with possible triangle currently in play
ETCUSD (45min) was leading the way on the way up. It is now displaying a probable impulse to the downside close to completion. If true then we should get a bounce soon, but followed by more downside
Last month was the 6th time in SP500's history that it was closing with a monthly shooting star candle. This month it's #MSFT's turn
There's a credible case to be done for both imo
That would qualify as a truncated triangle (short D and E compared to the rest). Just a possibility, let's see
No bullish divergences in sight. Let's see how we will react. I just hope we won't smash through it.
looks like a ZZ to the upside
The Elliott Wave structure is quite ugly
We topped right at the extremety of the possible double zigzag channel
We are once again flirting with this very relevant channel midline on #ETH (H8). No guarantee that we will bounce again