Link is forming a typical ascending triangle formation. If Bitcoin doesn't push downwards then we should see a big pump for Chainlink in the following days.
Bitcoin has tested 40k today and apparently, bulls have taken control over the short term. A hammer and a shooting start sign a possible but strong trend reversal indicating that positions have changed hands between shorts & longs.
Bitcoin is about to form a Double Top formation. If the neckline breaks below then we will confirm a long term bear market. The continuation of the bull market will be confirmed vice versa.
Currently, LINK is pricing the good news. Staking is confirmed for 2022. Upward thrust is inevitable.
Link is currently trading below its fair value. However, before a big jump, a minuette degree interwave correction should be seen. There is a strong bearish divergence indicating a pullback soon.
ADA is currently in the stage of forming an almost one-year-long Bull Pennant. Expect a big upthrust in the following few months.
Link is currently at the beginning of the 3rd "minute" wave degree. We should expect big intraday pumps in the following few weeks. Bear in mind the possible direction is to the upwards but how long will it take is not clear.
Rose is trading in a high-risk zone for the last couple of weeks, which in fact yielded high returns. However, nothing lasts forever. We are about to confirm the direction of the new/existing trend. Prepare yourself for a possible correction. Trade Safe!
Bitcoin has seen a local top back in between March & April 2021. Now it is clearly in a long consolidation phase. The risk metric is about to enter the buy zone. Also, It clearly shows the diminishing risk in years which also means a reduction in return. Pi Cycle also agrees with the overall analysis and indicates a long way for the next peak.
According to Wave Principle, Cardano has completed a zigzag correction which seems to be extended into a triple corrective pattern. However, we have to wait for a corrective wave from the point (c). If it doesn't happen, then the analysis should be reconfigured for a more bullish scenario.
The total market cap of Cryptocurrencies still has enough momentum for a more powerful upward thrust. The question is: How long will it take?
An ending diagonal is forming in a 5min time frame. This is a typical sign of exhaustion of an upward thrust. This formation is generally followed by a deep retracement. However, bear in mind that this is based on only a 5-minute chart, thus, randomization might be in place. Time will tell. Trade Safe!
DOT is currently in the 3rd subminuette wave. We can expect a short correction before advancing to the final 5th wave. The exact points of the waves are not yet clear.
We are approaching the completion of the Super Cycle for Bitcoin. According to Fibonacci sequences, the bull market top can be around March-April 2022.
According to the wave principle, Link is about to complete its 2nd wave against Bitcoin. However, there is still a possibility for this 2nd corrective wave to become more complex before advancing. If things doesnt work this way, then the future possibilities will be restricted and this study will be re-evaulated for a higher chance to succeed. Trade safe!
The first 5 waves of a zigzag formation are completed. Next, If it proceeds toward the B in a 3 way (ABC) formation then we will be sure about the being of wave C. However, time will tell if it is a single, double or triple zigzag in the overall correction. First we have to wait for confirmation of wave B. Trade safe!