ajmalanwar

ajmalanwar

In this chart, I’ve mapped a potential Elliott Wave structure, currently unfolding within a corrective descending channel. Price action appears to have completed waves (1) through (4), with wave (5) in progress or imminent. If the structure holds, we may expect further downside pressure in the coming weeks. Key insights: Wave (4) has tested the upper boundary of...

ajmalanwar

DYDX had formed a head and shoulder pattern with a left side slanting neckline. Normally this pattern indicates a downward trend. What is there to watch with DYDX and its pattern is that it sometimes might not continue downward with the Head and Shoulder pattern if you watch the fundamentals around this. Also the left shoulder more or less remain flat. The...

ajmalanwar

DYDX looks bearish in the smaller time frame, while the support is strong at various levels marked. On the upcoming unlock on tokens and supply coming in, based on the simple economics, more supply result in lesser price. But the hype before the unlock could take DYDX to new heights of 4.0+ upto 5.0+. DYOR.

ajmalanwar

BTC tries to breakout hardly. While this has been happening multiple times, the push to breakout looks weak. A probable price range is expected between A & B.

ajmalanwar

From the current level ADA could break out to point A in next couple of days as the current levels have tested the resistance. From point A, the next movement to B is critical to watch out. It could go up or down. Provided that BTC does not have a sudden volatility and other markets conditions being normative.

ajmalanwar

Update to my previous GMT breakout. Possibilities are that GMT might break the triangle and slide down. Closer to the end of triangle before the breakout downward GMT might show breakout up. Volumes are on a lower side for last couple of days which shows that there is high possibility breakout downside.

ajmalanwar

GMT is in a possibility of breaking out of the triangle. Downward movement of BTC could support this breakout of GMT.

ajmalanwar

WAXP could witness a probable breakout soon. the triangle is getting closed and by the end of it a breakout is expected. META has the future next

ajmalanwar

Assuming the drop to happen when US market opens after the break. Selling pressure might pull ETH slightly down. This is just an assumption and not any analysis

ajmalanwar

ETH seems to have missed support level A. Next if it sustains support level B, It could have an bounce back, else probably should get support at level C. The current inflationary trends (Manufacturers procuring at higher costs) in the financial market is one of the base for this correction.

ajmalanwar

The saturation level is higher than expected. Would it take off from this level? What would happen to the coins donated to Covid Crypto Relief Fund?

ajmalanwar

SHIB looks like its nearing a lower level and probably would float at that range, waiting for a news or for organic growth. Enormous circulating supply; doubtful for SHIB to reach near a cent mark.