It appears on the 1 hour chart a 5 wave pattern has completed and is currently in correction. On the 4 hour the correction of the 1 hour chart is currently wave 2 of the 4 hour. The completion of the next 1 hour 5 wave cycle will complete wave 3 of the 4 hour. All of the waves have been calculated based of the fibs and fib extensions. Didn't leave them on the...
XMR appears to be working it’s way down then 4th wave as I am writing this. Good buys around the bottom of the 4th (264 - 270 range). Should see the top,of the 5th around 350 - 380.
Coming down on Wave 4. Top of 5 should be around $32 - $36
Small elliot sub-wave pattern on the hour chart.
Posted this idea already but I realized the I used the FIB time twice. Experimenting with this however the fib retracements are correct. Sorry to post two but i wanted to be able to press the play button and copying the new one in my old idea does not allow that.
Testing fib time.....not sure how to use it. Wave counts are based off of fib retracements...good luck
It appears that the last wave cycle has completed and a possible double bottom has formed in the correction phase. Confirmation at 2.92 Target: 3.65
Previous wave has completed and appears to have finished its correction. The first wave needs to breakout through the previous resistance from way back when at around 1.10. Wave 5 has the potential to end the mid $2s.
MACD is crossing the 0 line at a bullish indication crossing the signal line. Should indicate the beginning of wave 3. Top of wave 3 between 61-69. This also depends on news announcement from NEO today which could take it higher.
61.8 is around 218. Currently is trending below. Good prices. If wave one is fully retraced possible downtrend could start set your stops. Potential for wave 3 is 600 around the 161.8. Also I have seen other ideas recognizing the inverse head and shoulders pattern which would indicate reversal of the previous bearish pattern and the bottom . Confirmation of the...
Wave 2cretracement should be around 399. Top of wave 3 around 600
Continued from my previous elliot sub wave analysis. Look for retracement at the 61.8 buying at 15.85. Should see a max price in wave 3 around 23.00. After the macd dips below the 0 indicator line the start of wave should start when the MA PEAKS over the line.
Wave 3 extended way beyond predictions in Part 1. Expect Wave 4 to retrace to the 31.8 of wave 3 (which isn't a whole lot). Take this with a grain of salt because now that the channels are drawn it shows BCH way up there. Anything is possible in the Crypto Market!! Comments or Feedback is greatly appreciated!!
61.8 of wave one limit .24. Setting buy for .24 sell around top of wave 3.