I think we're looking at a deep correction for ONT.
It's possible we're still in the process of a 2nd wave up after the recent correction. I could see Gold building higher if there is a stock market cool-down. Although seems more likely to me that a double top reversal is occurring and that Gold has more room to correct. It also doesn't help Gold that Bitcoin is being looked at as the most secure store of value by...
XLM appears to be following a channel up towards major resistance. More upside to go in this impulse series.
SALT appears to be approaching a 3rd wave up from a recent impulse wave from the most recent low.
I think the blue path is the most likely path for Verge at the moment, as long as BTC Holds 7.9-8K level.
The EOS pump has been obvious but I think it will continue until near launch day where we'll see a dump. Subsequently a pump should occur if BTC is still holding it's own and the EOS launch is successful.
Tron looks like it could correct a little more but it could be a short correction before the 3rd impulse wave.
Looking at the existing support (blue) and resistance (red) lines & trends, and considering the recent correction, I believe ONT is due for another breakout after this correction has completed. Orange is a potential trend-line if the correction ends up ending near where I plotted. __________ This is not investment advice. I know nothing. I have no ego. I...
I'd say there's a: 65% chance we breach the upper bearish trend-line. 20% chance we don't and stay within the channel. 15% chance we dip below the support trend-line where pain ensues. __________ This is not investment advice. I know nothing. I have no ego. I don't claim to be anything other than a newbie.
It seems like BAT still has some fuel left in it's rockets.
BNB seems prime for a breakout if BTC can hold 7.9K. The RSI is oversold and it seems like price action is following the upward trendline. It looks like the 3rd wave of impulses typically fails to breach the 2nd wave peak which is why I plotted the next impulse in such a way. The purple correction is what could potentially happen if a breakout does not occur...
Looking at 1-day intervals on a logarithmic scale, it seems BTCUSD is at a key juncture when looking at the red bearish trend-line the price has seemingly been following since the all-time-high.