Vechain is still lack of a corrective wave C based on the Elliott Corrective Wave Theory. So, it may have a corrective pullback at around .382 and .236 fib level at one point and at that time it is ready for the next leg up!
Most of the charts follow the Elliott Wave Theory as this is how the market usually works. This CHZ/USDT chart follows exactly as the Elliott Wave Theory had mentioned. So, if we want to predict the market, this will be a good guide for us to use. Happy trading!
XRP is about to have a impulsive move, whether to the upside or downside. Price target to the upside will be $1.76 whereas to the downside will be $1.34.
If the inverse head and shoulder breakout did not play out, a M pattern will be the next move which will bring us down to around 53k where it will find support, if not, it will find support at around 48k.
Inverse head and shoulder pattern unfolding. If this is a true breakout, it will bring us all the way back up to $64k and hunt for a new high!
Based on previous history, the RSI of Ethereum has corrected after it reaches a RSI of 89. Today Ethereum is still at 83 and it may still surge to a higher price. But a 30% correction is imminent! What goes up must come down.
Chilliz has been long consolidating for 20 days, Bollinger Band is squeezing now and this indicates an impulsive move to the upside or down side. Most likely it will shoot to the upside based on the current MACD indication. Possible inverse H&S unfolding will gives us a target price of around $0.8. Not financial advice.
Enter near support area for a 2.28% long trade with 7.1 risk reward ratio. Trade at your own risk
Buy at support and exit at resistance. Exit trade it support breaks. 7% long if BTC dont dump. Trade at your own risk.
Price prediction of $2 for Chilliz following the previous fractal at the end of the bull run. Not financial advice.
If low buying pressure still persist, the head and shoulder pattern indication will bring us back down to 47k+ price point. To invalidate this, the price should break the head.