DesWong

DesWong Updated 

Every indicator is telling me GVT is going to shoot up at anytime. Wait for it to squeeze into the apex of the ascending triangle, a break above the triangle signified uptrend.

DesWong

Yes! Shooting up as expected, now the RSI is clearly overbought and we might retrace back to retest the support of 24000 region. The volume spike is not convincing compared to the previous bull run volume so the bulls might not have the steam to keep pushing up in this overbought RSI region.

DesWong

GVT is still consolidating in the 0.618 fib area and the RSI is increasing, which is a good sign as it now becomes an accumulation zone that will act as a strong support for the next bull run. Please remember that a leg up with an accumulation zone is always positive, without a strong support zone, it might just be a fake bull run and it will descend just as...

DesWong Updated 

It is in the chart

DesWong

This is how I see QTUM now. We are now in the second wave and it is in a huge falling wedge, and we have just finished wave D. IMO we are now forming wave E, in which, either the target will be slightly under 0.786 fib lvl (0.0014 sats, which is the subwave 2 of wave 1, a strong support zone) or we will just hit at the 0.786 fib lvl and made a beautiful double...

DesWong

Some people dm me as my previous chart is not explained clearly so I make a new one with a lil wording in it. ;) Don't take it as a financial advice!

DesWong

BB band is squeezing so hard and this indicates there will be some big movements in these few days. Coincidently, it is now squeezing into a symmetrical triamgle, just FYI, a symmetrical triangle is a continuation pattern in the graph, so there is a high probability we might see a breakout from the triangle. Again, it is not financial advice, just a random stupid...

DesWong

the graphwas done when gvt hits the wave 3. We are now in the wave 4 correction. Right now the candle is holding on the 55ema, if it breaks, the next spp would be around 23000-24000sats (expect a bounce from here), if this lvl holds and we might enter in a consolidation phase and when it is done, the next conservative target would be around 50000sats.

DesWong

possible scenario: 1. wave b of 2 2. subwave 2 of 3 RSI losing strength, favoring case 1 possible retracement back to 32600-32800, confirmed by breaking of 55 ema

DesWong

Currently forming C wave in the 2nd wave of the primary cycle. Target expected to hit the golden pocket again before the 3rd wave impulse.

DesWong

THIRD WAVE IMPULSE OF PRIMARY WAVE FAILED. SO WE WILL BE HAVING AN EXTENDED CORRECTIVE WAVE. A SMALL BOUNCE BACK TO 0.5 FIB LVL 0.09% IS POSSIBLE THEN FOLLOWED BY THE LAST CORRECTIVE WAVE WISH LANDED AROUD THE 0.786 FIB LVL 0.09% . NOT FINANCIAL ADVICE. STAY CAUTIOUS

DesWong

2rd corrective wave is almost done and we may see a bounce from this area when volume kicks in. strong resistance has to be overcome to make sure 3rd wave is successful. rsi is in an oversold state so a bounce is imminent in short term.

DesWong Updated 

ETH is almost reaching the bottom, falling at the 0.618 fibonacci level of the previous 5th wave impulse, at the same time, based on elliott wave, ABC correction waves is almost finished and it shows confluence as well at the 0.618-0.65 golden pocket. RSI is also showing oversold, so there is a high possibility ETH will bounce from this area once volume kicks...

DesWong

sdfds