This 5th wave may happen on BTC soon. We have a lot of supper bullish signals of BTC now. Some fundamentals: BTCGold Fork on 25th - people want to buy more BTC for 'free money' in Bitcoin Gold. China FUD seems over - Exchanges will back but just in different type of regulations. Seems like Putin is getting in to crypto for real.
Qtum jumped back at its major support line (230k satoshi). Looks like it is getting ready for a bigger move. History likes to repeats it self (especially in charts) that's why if I expect another arc. I got two scenerios for that: 1. Another arc could be the smalest one, and then will formed the big one in price range of previous ATH or bigger. 2. Forth arc will...
We have 4 major resistance lines: 1. Descending triangle line. 2. First orange line (240k) 3. Main trendline (black line) 4. Second orange line (300k) Blue lines: Descending triangle. Waiting for pattern to confirm. RSI is not looking good. Green lines are main supoorts. 1: 195k 2: 160k 3: 110k
XEL is young cryptocurrency so it;s hard to predict its behavior couse we don't have long history of the price. Grean horizontal lines are representing main support (arround 9500) and resistance arround 15k) which is the main price channel for about a month. Two possible scenerios for the ascending triangle break out: 1. Going straight up to 15k resistance...
Orange lines are resistance, and green lines are supports right now. Black line is main trend line. It can blow up soon becouse of 22.09. Mercury release. Lets see if price can break out 7k resistance.
Two possible scenerious for the ascending triangle break out: 1. Going straight up to 58k resistance line 2. Retest of trendline - drop arround 46k satoshi before it goes up to 58k
If we will hear some news about Lomocoin soon then the price may form another bull flag. Major resistence is 1800 satoshi now. If the price will strike that level then we are going to 2500-3000 target. It is possible to form third bull flag there and we would have Impulse Elliott Wave then.
Looks like we have ugly cup and handle here. Waiting for a brakeout and the price may test previous high border soon - target around 90k for now.
TA: Descending triangle broke out means more upside movements in short term FA: Metropolis hard fork soon: - Zero knowledge proof - Facilitation in smart contracts and programing - Difficulty bomb