Looks like Tezos is forming a very similar pattern to BTC. I don’t like the continuation pattern after the last rise in price. It seems to me as if we’re heading for another dip. Look for support at 2.30$ or even possibly 1.90$.
If so, look to short anytime soon.
Looking on the daily chart BNBUSDT we can see that the previous uptrend has retraced to the 50% fib level. Just going by fibs, BNB will either break down to the $17.60 or even $12.60 area, or continue it's uptrend to the 1.272 or 1.414 fib level, reaching prices of roughly $55. People, this is just an idea. So, don't take me literally.
2.45$ marks the .500 fib retracement level of the current correction. There is also confluence on this level from a prior peak before its subsequent correction. You can also see how accurately the current correction is following the pitchfork lane. If you intend to go long on Ripple, I am pretty confident in and around 2.45$ is your entry point. I certainly will....
I am pretty confident BCH is about to make a move. Once BTC holders start taking profits, we will see a new spike towards the 1.0 and 1.272 Fib marks, and quite possibly beyond that point. The trend line has been tested at 3 occasions on the 3h scale, and proved sustainable. Therefore I do not expect a break of that trend. DMI is currently still slightly bearish,...
MACD and DMI both indicate bullish movement. Currently on the down-end of the 2nd Elliot wave + confluence indicating a probable Fibonacci resistance level at 80$.
This seems too straight to be real...
Using basic Head & Shoulder chart to project a buy at 311$