I see bullish divergence on 4h chart + 5 waves to the downside. The divergence is still not confirmed, but is definitely there. If you like this technical analysis, please hit the like button and follow me for more of these ideas
Bullish scenario This is my elliot wave count of the latest pump of this coin. I expect one more big wave to the upside before correction. The drawn trend-line must hold for continuation. If trend-line breaks, then it is recommended to sell if you trade this coin, if you hold then holding should be good as this coin can go much much higher. This coin is good...
This channel is really nasty and steep. I did Elliot Wave count and i cannot help myself, there is still one wave (5) missing to the downside. I expect a double bottom trend revesral pattern, the price could make a new low to wipe out stop losses, but not significantly. Please let me know in the comment section, if you have some better ideas. After this, ABC...
0.618 fib is knows as a trend reversal level, lets see... Like and follow for more of these ideas.
This ascending triangl is a bullish pattern, which is great - on the other side, weekly RSI is broken - that is bearish. I would buy above 260 level, or you can try to catch a bottom with this ascending trend-line on the triangl. That is around 130 USD. But only investing, not recommended margin trading yet on this coin, it needs to develop a bullish trend first...
We are currently in this channel on Logarithmic chart. Very good long entry on the bottom of the channel. Please, like and follow if you like this idea for more of these analysis!
Fib 0.618 target hit since coin listing on binance. Falling wedge bullish pattern is forming right now. Elliot wave count should be accurate. There is still possibility for double bottom, if you did not catch the bottom.
We are currently in an rising channel, with head and shoulders potential. RSI trendline is broken on 12h / 1d chart. We can get rejected from the POC level of the volume profile and then dump - this can be nasty, because bitcoin is getting rejected from the POC level pretty often and then massive dump follows. If this channel breaks to the downside, that will be...
It is still possible to go (and it is likely) for a double bottom pattern, if you didn't catch the bottom.