NOT FINANCIAL ADVICE. We have yet to witness the full Coinbase Effect on $ADA, which was boosted by upwards of 20% as soon as news revealed its Coinbase Pro listing on 18th March. Give it a few more days before Cardano's utility feeds further into the appetite of would-be investors and grow more attractive as an asset. The Coinbase effect usually plays out...
On a Grand Supercycle degree, a simple Elliot Wave analysis reveals to us just how bad it can potentially be for Gold in the next few years. Just saying.
I found $CHZ sitting at $0.13 a few days ago, on Monday the be exact, and though, "What an exciting project!". In a short span of time, it has since more than 2x -- which screams hyperbolic or overheated to me -- and I do expect things to calm down further in the coming weeks. A good buy in signal would be if $CHZ trades back within the 61.8% fib retracement...
Charting for a friend. On the 1D chart, it looks like Corrective Wave C is underway. Target price range to look out for is between $194 to $261. Recommendation would be to wait on the sidelines with your dry powder, on this one.
Charting for a friend. Will try to work with what I have, but with what I have here, there's really not enough data or price confirmation to pinpoint any other than that we are in a price discovery territory. As such, Wave B might not even have ended its run and may dip even lower. An assumption that Wave B has completed is generous indeed, and in such...
Charting at a friend's request. On the weekly chart, $CRSP looks to have potentially completed a strong Wave 4 correction. Sure does feel like its a good time to enter with a position and prepare for a Wave 5 climb, with a potential target price of $281~$319.
Whatever your TA beliefs may be, here's mine, sharing it as an educational piece, not financial advice . My strategy is to dollar-cost into dry powder until Wave B completes, then dollar-cost back into $ZIL until Wave C completes. Then ride the Bull Wave until $0.50! Wave B TP highs of $0.148 Wave C TP lows of $0.063 Good luck with your trades!
Feb 2021's ATH were broken, albeit briefly, hours ago, and we now see just how strong the resistance is at the Bear's camp towards the $0.16 region. It seems that we are now in a Corrective Wave ABC (Flat 3-3-5). Depending on the kind of price action confirmations we get in the next few days, $ZIL could see 2 types of results from here: Result 1 Bears win,...
If indeed it seems that we have completed Corrective Wave A, then Corrective Wave B underway should take us towards $800 resistance. Buy: $640 (Today) Sell: $760~$820 (end of March)
Formerly known as Mainframe, and the ERC-20 token formerly priced at sub 1cents, the developers have since pivoted towards DeFi and price action have made tremendous gains as the fixed-rate lending protocol nears launch. Originally I've held a small bag, which has since grown to be a decent bag. I explore this chart to estimate how far price action can go, based...
Foremost, this is a study piece that employs Elliot Wave analysis to anticipate $ZIL's trajectory in the near term. This is NOT FINANCIAL ADVICE . We begin by acknowledging that $ZIL is currently on its own Super Cycle, beginning from 2020's nadir in March: Corrective Wave (II) underway, at the Super Cycle degree. This is quite the achievement for this...
Let's dive in straight, but before we do, please use this Elliot Wave analysis for educational purposes only, aka Not Financial Advice . In our previous analysis for $BTCUSD, Elon Musk's Tesla gave bitcoin a titanic push to the upside -- smashing new All Time Highs and my pride along the way. If ever there was a bright side to anything, it was the confirmation...
Foremost, I do not recommend anyone shorting anything. In fact, selling something you do not own should be illegal. Secondly, DD and DYOR , as this study is merely my elliot wave analysis of historical market movements for a better estimates of future trends. Thirdly, while I may oft call for a correction to hit BITSTAMP:BTCUSD , know that I am extremely...
Enjoy the shortterm bull run towards ATH. This study is based on the Intermediate Degree, on the Daily chart. a) Uptrending Corrective Wave will hit TP of $42.7k early Feb. If $BTC doesn't hit or break ATH, it's a signal for another dip. But if it breaks ATH, then it's a double-edged sword, where it can continue appreciating. If this occurs, wait on the...
Indeed it has been a few months since my last analysis on $BTCUSD. I recall my Nov20/Dec20 bearish sentiments (link to idea below) -- whom BITSTAMP:BTCUSD smashed in the face promptly, retracing 23.6% to $14.5k, before rallying to new ATHs ($42k). And when $BTC rallies, I dare not put a pin on its strength, because it is such a mighty, unpinnable beast. But...
It's been a hectic day at the office of late, and I thought maybe I could do something different from my usual Elliot Wave analysis. I wanted to really find out for myself, how $ZIL has been performing since the turn of Dec 2020, and I apologise in advance if you find this date a little biased -- because I don't. This is a feel-good % chart that shows me just...
It sounds like this chart above. Foremost, Happy New Year! Indeed it has been, right? $ZIL surpassed expectations as Cycle Wave II's compressed consolidation resulted in an explosive end of year run, briefly breaking Jul 2018's resistance. Let's start the year with a macro view of $ZIL's performance in the short term ( ~9days to 50days ). So, good news and bad...
Disclaimer: This is a Zuper Bull analysis. Rest assured that I'd shout 'Bears!' when I see one -- but not today. On the Minor Cycle, a corrective Wave 4 is underway. Currently playing out as a 'bullish flag' pattern with a strong support line ($0.045) at the 38.2% fib retracement (of Wave 3's). On the Intermediate Cycle (4H Chart), we are on an Impulse Wave 3...