Crypto_Mayhem

Crypto_Mayhem

Cardano is currently printing an impulsive push to the upside, which according to Elliott Wave theory, should break down into 3 impulsive waves up (1,3,5) and 2 corrective waves (2 and 4). It looks like we're currently in wave 4, and the likely target of wave 5, which is the length of wave 1 copied to wave 5, shows a target price of $1.50. This is a logical...

Crypto_Mayhem

These are potential price targets based on trend based Fibonacci extension levels. The three points used are the bottom of the prior bear market, the peak of the last bull run, and the bottom of the following bear market. The first target has already been hit. It remains to be seen where there will consolidation or another breakout to push toward the next level.

Crypto_Mayhem Updated 

Just watching this pattern to see if it plays out. If support holds, a nice 50% first target to the upside looks likely, possibly more if resistance breaks at the $0.74 level.

Crypto_Mayhem

Nasdaq100 is sitting at the 800 day ema. Every time that's happened since 2016, it has indicated a great entry point for the next #Bitcoin parabolic rally. Will history repeat itself? It's worth keeping an eye on this correlation to see how it plays out.

Crypto_Mayhem

ADA-BTC broke out of an ascending triangle with a 19% measured move target of ~7100 satoshis

Crypto_Mayhem

ADABTC is on a tear right now, and will retest the prior top against Bitcoin in the near future. (could be minutes at this pace) Fib targets in the chart.

Crypto_Mayhem Updated 

ADA breaking out against BTC on the 4h chart in an inverse head and shoulders pattern with a 25.7% measured move target.

Crypto_Mayhem

#ADAUSD appears to be breaking out of its broadening descending wedge pattern. The measured move could take the price to $2.22, but, as with all things crypto, this is largely dependent on what Bitcoin does, and could be derailed at any time by a huge market dump, which is entirely possible. Approaching this development with cautious optimism.

Crypto_Mayhem

The measured move of the breakdown out of an ascending wedge is ~ $33k, with projection zones for support along the way.

Crypto_Mayhem Updated 

Potential Wyckoff accumulation pattern heading into markup phase forming... waiting on confirmation of a sign of strength to confirm.

Crypto_Mayhem

The bullish uptrend is still intact, and Cardano is forming a bull pennant on the 4h chart against BTC. Measured move from the flagpole on a breakout is around 6100 sats depending on the break point, which also lines up with the ATH candle close from 2018 (ignoring the wicks). As long as BTC remains above 42k or so, continuation seems likely given the strength...

Crypto_Mayhem Updated 

Cardano's 4h chart keeps testing resistance of the local 4h ascending triangle. Looks like it won't take much to break to the upside at this point, which would bring us back to the apex of the major ascending triangle again.

Crypto_Mayhem Updated 

Cardano is about to break resistance at the 0.5 fib extension line. Potential targets charted.

Crypto_Mayhem

Watching the 4h BTCUSD chart to see if we can get confirmation of the bull flag that's playing out right now.

Crypto_Mayhem

Cardano is currently testing key resistance against BTC on the daily.. as of this publication it's above the resistance line, but there are 17 hours to go on the daily candle, so waiting to see if the bulls can keep the grind up long enough to wear down the bears on increasing volume. There's a cup and handle pattern at play with a target of around 2750 sats (not...

Crypto_Mayhem

ADABTC just saw a cross of the 20 day SMA above the 50 day SMA on the daily chart, despite the flash crash during yesterday's FUD bitcoin dip. This shows incredible strength in Cardano against Bitcoin, and the pattern I shared previously is still in play with a target of 2979 sats.

Crypto_Mayhem Updated 

ADABTC is breaking out of the long-term symmetrical triangle on the 4H chart, with a 35% gain target based on the measured move.

Crypto_Mayhem Updated 

Harmony was rejected by the 20 day SMA with very little local support to slow price decline. The next significant support is at the 50 day SMA, which is currently trading around $0.11-$0.12. The Ichimoku cloud also presents a possible support area, although the tenken just crossed below the kijun, which is generally a pretty reliable sell signal; and the chenkou...