Good Day Viewers! SIGNIFICANCE: We already have witnessed bullish moves of ETHUSDT since few months as a leading altcoin of Majors. Ethereum 2.0 has mad it a demanding security affecting it Fundamentally and Technically. ELLIOT WAVE PRINCIPLE: We can notice a typical extended third wave completion followed by a pennant in corrective wave i.e wave 4 and hence...
Good Day Viewers! SIGNIFICANCE: We already have witnessed bullish moves of ETHUSDT since few months as a leading altcoin of Majors. Ethereum 2.0 has mad it a demanding security affecting it Fundamentally and Technically. ELLIOT WAVE PRINCIPLE : We can notice a typical extended third wave completion followed by a pennant in corrective wave i.e wave 4 and...
Good day Viewers. SIGNIFICANCE : Due to equities market movements all markets have faced a corrective move, however now liquidity is vanishing away from Bitcoin & as we have already seen big surges from LINK, ATOM and other alt-coins today. Possibility of same movements from other bullish altcoins is likely to occur, in which VET is one of them which we are...
Hello Viewers. We have seen tremendous surges for Z-Cash already, meanwhile according to ELLIOTS WAVE PRINCIPLE, two impulses have already been completed, and we are in phase of 4th wave as correction of Falling Wedge Structure, which may continue for the final impulse for the cycle i.e Wave 5. Possibility is it forms a Extended 5th Wave as we await for it,...
Hello Viewers. LINK as we know has shown absolute bullish market for 3-4 days, however retracement may be possible as BEARISH Divergence appears on the RSi w.r.t Price action. While Rsi holds 50 level, the entry is after the confirmation as it hits below 50 Level. Possibilities are to hold 50 Fib Level, and then maybe bullish cycle starts after consolidating...
Hello Viewers, good weekend. As we have already seen the big moves of the altcoins, next turn can be $bitcoin and other majors to move. Well Fundamentals owned Major Currency Monero , is forming a Ascending triangle , currently holding at the support of 100MA, 2 Fib Lines & a major trend determining horizontal support. Breakout is possible at the resistance of...
Hello Viewers. Cardano & Stellar have shown a great impulsive waves at the start of the Bull Market phase which was followed by other major coins, however ADA seems to complete one Impulsive wave and as correction of the fifth wave one of the common structure of trend continuation is Symmetrical Triangle or typically known as pennant. If we look at the MACD we...
Hello Viewers . As we have seen some tremendous Breakouts from many of the coins in this Bull Market Phase. Neo is ready to generate its new cycle pretty soon as the chart depicts that the Price action has been supported by the 20 EMA, 50&100 Ma, and now testing the 200 MA as dynamic resistance/support. If we see S/R flip on the 200MA and therefore penetrating...
Hello Viewers. The market has tested a short due to US binance exchange conditions. Fewer coins of Group like LINK adn VET have shown a great bull market scenario. Due to which the scenario for majors like ETH BCH LTC XMR are likely to be seen in the coming bull market phase. One such indication for Bitcoin Cash can be noted as formation of possibly both pennant...
Hello Viewers. Pennant Formation as a Continuation Pattern are two converging lines containing price action. Although Symmetrical Triangle has tendency of both the downward or upward movement , on the uptrend its considered as long continuation pattern, though the entry point is only after the confirmation of the breakout. Potential Target Zones are found...
Hello Viewers. The well fundamentals-asset charted is testing the resistance level for the third, its more likely to break it this time and the above marked Levels have been found through Fib-Extensions levels as Potential Targets. It may retest the support level marked in black as Horizontal Ray, after that it can again clearly get through the resistance...
Hello Viewers. Chain Link after a huge boom of Rally, making it lie-under top rannked Cryptos, Possibly a breakout can be seen through the Falling Wedge, Potential Entry is around 50% Fib-Ratio, in support with Over Sold on MACD , RSI and MA"s. Potential resistances on charts are Targets to hit.
Hello Viewers. Bitcoin after a great rally and rejecting resistance at 11,000s, forming an ascending traingle (Bullish). Possible target zones have been testified through Trend based Fib-Extension. Possibility of rejecting from Above Zones and consolidation on 10,800s. Crucial point for stop loss is placed, with support of MACD, MOVING AVERAGES and RSI.