There might be a correction a head for the 4th wave of an impulse, please be aware of it and stick to your trailing stop method if you currently in a long position.
I believe this is the primary count for now. A couple of swings to compete the Flat correction. Polygon has adopted EIP-1559 and might be a deflationary token soon. Moreover, more projects are turning to polygon (L2) as an alternative from ETH chain for its scalability and lower gas fees. Personally I am looking to accumulate more MATIC around the support.
Compound is going to test the all time low. ***If it holds***, this will be the greatest chance for COMP to enter LONG. Please wait for confirmation!
Watch for this Channel/ Fib support if it doesn't hold. The a long term down trend might be in place. This means the correction is not a flat and the 5th wave has already ended at B label in this chart. If that so, this assumed C might be just as start of A of a ZigZag correction resulting in a longer term correction for months before it is able to run the new...
BTC can be formed the 4th wave as a Flat correction and is going to 34K
ROSE might be in a super bullish trend with 0.30757 as an invalidate line for this assumption!
-Low volume, momentum is oscillating around 0. -Assumed to be an "triangle" of Wave 2 correction for the next 3rd Wave cycle. -Strong fundamental -ARE YOU READY?
The expected support zone is the yellow blocks that is the regular flat target. Considering the time proportion of the previous swings, hopefully the support will be held and forming a regular flat pattern and shooting for 5th wave!
The trend seems to lose the momentum now. BE CAREFUL OF A HUGE CORRECTION. Please stick to your trailing stop method!
Possibly a triangle here, unless it breaks down. Please keep an eye on it, the test of the support is near.
Wave 2 correction might have ended at 15 USD that means the R:R is super good if 3rd wave is forming. Better look out for the entry if you want to accumulate LINK.
Despite the super bullish fundamental and the bright year ahead, there is a possible deeper retracement await for the accumulation toward 3300- 2800 in order to compete a usual Running-Flat.
LINKUSD is now in the correction of C wave. The accumulation zone is reached either set the base here, an early shortened C case, or another couple swings down to the 78% retracement for the standard C wave of Flat correction in term of time duration and wave length.
If not MOON now, I expect another correction as a Flat before the real beast rally begin. Please be prepare for both scenarios!
There are 2 cases possible: If C, there might be another down swing If 2nd Wave is now, MOON is coming In both cases, "this is the BEST OPPORTUNITY EVER!"
The correction cycle might be over soon at 0.8 Fib Retracement, new bullish cycle await.
Long Term - XAUUSD: Possible bull run by the end of 2022.The triangle correction might be expected unless the key support at 1660 is broken. In near term 1720 might be tested for the last time. If it holds, the last EW wave of the motive, 5th wave, might be expected. Minimum target at 2080 the previous critical high.
BTC: 100- 150k+, from technical point of view and the more adoption from the institution. There are 2 scenarios that might happen. Firstly, the price may shoot up from here with the low at 42k. Secondly, the price may have another correction downward to finish the “proportional Flat” correction. By proportional, I mean the previous 2 swing since April 2021 took...