SentiSurf

SentiSurf

In my recent ideas I suggested, that Algo had a breakout from a Falling Wedge and that more upside movement would follow. And there was a move to the upside, but not very strong and not with a lot of volume. So now it seems to me, that there was no real change in trend yet. The bulls are still hesitating. So I adjusted the wedge... Let's see...

SentiSurf

While price made lower lows, MACD / OBV Oscillator made higher lows = Bullish Divergence. Selling power was drying out and finally ALGO broke out of the Falling Wedge as expected.

SentiSurf

It would be a good sign if the 5th wave drop will be accompanied by a bullish divergence shown by the MACD.

SentiSurf

Seems like BNB just started an unavoidable correction.

SentiSurf

Still some stones in the way. Let's see!

SentiSurf

This was a deep correction! But that is normal after an extended fifth wave of an Elliott Wave impulse. A strong support area is near and bullish divergence shows, that the sellers are getting exhausted. Price will likely turn to the upside soon.

SentiSurf

Probably one more little drop to find support. A confirmation of a new bullrun would be a high volume break of the upper line of the wedge. Typical for cryptos: Quick, almost vertical, hyped up power-rises to the upside and long stretched, time-consuming corrections...

SentiSurf

Many of us are waiting for this since a long while!

SentiSurf Updated 

A new Binance Launchpad token. Ready to launch?

SentiSurf

Price is in the long trade entry area. It might still take some days though and a little bit more downside action before turning to the upside.

SentiSurf

It seems like a little more downside action is required to complete this ABCDE Correction.

SentiSurf

After the initial strong rise it took quite a while to consolidate. Seems like steem is building up for the next pump!

SentiSurf

After the initial strong rise it took quite a while to consolidate. Seems like steem is building up for the next pump!

SentiSurf

Ready for the breakout yet? Let's see!

SentiSurf

Nice chart and great fundamentals for Enjin!

SentiSurf

This seems like the the most suitable count to me.