The weekly chart on TRX is starting to look really bullish. Nice bottom signal and the indicators look good too. We're also breaking out of this tightly wound triangle which could potentially signal the end of the 4 year bear market. It looks like minimum target against BTC is 323 sats for the smaller triangle, but it could go significantly higher than that if we...
Wave-2 is equal in time to Wave-1, and has retraced more than 38%. Wave-1 also looks corrective and wave-2 looks like it formed into a double combination. These signs and the bigger picture also indicates it is likely that this impulse forms into a terminal pattern and should get quickly retraced after March. Wave-3 should go to around 38k which is equal to 61%...
These fairly new ETPs, such as UVXY, VXX, SVXY, etc. will likely lead to volatility buying in which we've never seen before. People will be using these ETFs to hedge the risk of a larger stock market correction happening, leading to a continuation of the exponential increase in volume that these products have seen since their inception. This exponential increase...
If Bitcoin breaks the 69k resistance then wave-B could run to around 80k by Thanksgiving. This should then be followed by a large C-wave which will take us under 50k in the first quarter of 2022, before a massive run later next year. The small Wave-c of B is still a couple weeks away from its time target, and some alts like TRX, are also still below their price...
Momentum and price action are looking like a top has formed on the US Stock Market, and based on the Elliott Wave/Neowave count it appears that the market could be topping out for several years. This massive crash will likely be accompanied by more COVID lockdowns, a real estate collapse, and several years of stagflation where inflation is abnormally high and...
This contracting triangle with reverse alternation is probably the better count compared to my last chart, both are still possible but this is my new primary count because it can also be applied to BTC, ETH, and other cryptos. It also fits better on the higher timeframes and it explains why this drop was unusually violent and out-of-the-blue, which means it's...
Looks like MATIC is breaking out here. Wave-B is a potential triangle and is equal in time to wave-A. Wave-C should be at least 25% of the time of A+B and could go to around $25 but we should wait until we are closer to the top to be sure. Shiba Inu has went absolutely insane this month. Shibaswap is built on Polygon. Seems likely a break out is about to occur.
SUN has voted to acquire JustSwap and rebrand it to SunSwap. A portion of fees earning by SunSwap will be used to buy back and burn SUN. This adds a new layer of productivity to the SUN tokenomics. The SUNUSDt chart has been ranging for quite some time and there is some early indication we may be breaking out. Good to be watching this chart.
Looks like the crypto markets are bottoming out here. Based on my wave count on TRX it looks like it could go to around 30 cents this quarter. Rest of the crypto markets will probably see large gains as well. Price action, momentum, and wave theory all looking really bullish here. TRXBTC is also is in a breakout pattern so it looks like TRX will out perform BTC...
Based on Neowave rules, It seems like Bitcoin has begun the last wave up of a diametric pattern. This wave could take us over 200k by the end of 2022, possibly as high as 1 million! After wave-(G) is complete, we could either see a multi-year correction (which could last up to 12 years) OR we could see an x-wave which will only take a couple years to complete,...
Monitoring this break out to see if we follow through, so far it has all the signs of an imminent follow through of the break out which happened earlier this year. We could see a very big move up here as NFTs become easily accessible on TRON through Kraftly.io and other platforms (potentially OpenSea?), lowering the cost of minting and listing NFTs by 100 fold...
Looks like NFT token is finally breaking out from this range and could see much higher prices from here. Min target is around 0.0000034 but this could potentially go as high as all time high as the NFT craze continues to grip the market. Fundamentally, the NFT token is a governance token that governs the APENFT fund which is a fund that purchases high value NFTs,...
Nice triangle pattern here breaking the b-d trendline, momentum looks bullish , strong bottoming fractal , wave-A retraced 61%, waves A + B cover the same amount of time (potential for a very large diametric to develop). Good probability this one has bottomed. I suspect a full retracement of this triangle is coming over the next few months. A break of the recent...
Besides fundamental reasons of a massive forced liquidation sale caused by unsubstantial FUD and market manipulation being insanely bullish for Cryptos in general, TRX Is in a beautiful expanding triangle pattern. Both the rally over the last few months AND this correction over the last month are both expanding triangles. This explains why the last wave down...
After doing a detailed Neowave/Elliott Wave analysis with Neowave Founder Glenn Neely, we came up with several potential counts for TRX. The above count is what I personally think is the most likely possibility because it follows all required rules as closely as possible compared to the other counts. Of 5 possible counts, 4 are bullish, and 1 is bearish but near...
TRXBTC is in a similar diametric pattern as XRPBTC was in right before the 2017 bull run where XRP increased over 500x against the Dollar and 50x against Bitcoin (see attached chart). It remains to be seen if this pattern will repeat on TRXBTC. If it does TRX could increase over 1000x against the Dollar. (XRPBTC March 2017) As you can see there is a similar...
Based on neowave analysis, it looks like the stock market is reaching the end of a 20 YEAR (!) corrective pattern. Wave-e of F is currently underway and could take a couple years to complete, meaning the next few years may be choppy, but overall with the quick response of monetary and fiscal policy to any financial shocks we'll likely see wave-e skewing upwards,...
Wave Theory: It looks like JST has completed a diametric pattern and we could be breaking up now. 5 of 7 waves are time similar which is the expected structure of a diametric. Channeling also works well. We are above the daily SMMA which hasn't happened since we topped out in August, a good sign that we could be beginning to trend upwards. Momentum is also...