Well it looks like Zcash dropped one more Fibonacci level to around the 78.6% retracement level (~$79.16). In my defense, I did say “wait for confirmation”... Whether you bought it around the 61.8% retracement level or waited for it to fall, you won’t have any regrets in the long run. (If you don’t already know, cryptocurrencies follow bitcoin’s lead, bitcoin...
Silver’s larger overall Elliot impulse wave started in mid-March, and I believe we just completed wave 4’s correction. This overall trend is noted by the blue Elliot impulse wave in the chart. I took a guess and put the end of this impulse at $33.54. It just seems like the support and resistance levels line up well here when considering the chart dating back to...
Looks like silver just finished it’s correction. Going to post two charts here. This chart is zoomed in on what’s happening right now where silver is turning the corner. In the next you will see that this fits into a larger pattern of Elliot waves and Fibonacci lines.
ZECUSD formed a beautiful Elliot wave from July 5 - Aug 6. The correction that has followed is fitting nicely into Fibonacci retracement lines and it’s easy to see that we are on the C wave of an ABC correction. This has almost hit the 61.8% retracement ($84.39). I fully expect it to turn the corner there and enter another 5 waves up. As always, wait for...
Looks like COMP is finally breaking out of it’s falling wedge. It’s been a long and painful downtrend, but this could be the change in tide we’ve been waiting for!
COMP, currently in a downtrend, is in an overall falling wedge pattern, which is bullish. Also, several of the most recent candles show inverted hammer patterns, which suggests we could be seeing a trend reversal soon. There has been a long downtrend lately, but things could soon take a turn upwards. Going to be watching for other signs as well.
It looks like LINK peaked earlier than I thought. Time to jump ship and sell! I’ve adjusted my fib lines in this chart and these updated lines could be the support and resistance of the correction we just entered. It could be a standard ABC correction, with dips at 0.618 ($7.31330) and 0.382 ($6.38902). These would be good buy-ins if the chart remains bullish. I...
Chainlink has been on an incredible run as of late, and I’ve been looking for patterns to predict when this may finally reach it’s peak and enter a correction. What I’ve found suggests we may see that peak around $9.29298 . Looking at the 4 hour chart it seems as if the current uptrend is on the 5th wave of a 5 wave Elliot impulse wave pattern. The current trend...
Using the Fourth of July low as a bottom (as opposed to the starting price), we see nice Fibonacci lines as well. Note that the chart has bounced several times at the $245.50 level, so expect to see tough resistance there on the way back up. If/when we eventually surpass our prior early peak, we could see prices up to $514.90 or even more optimistically $732.85....
So, you gave into FOMO. Compound was shiny and new, exploding onto the scene. You surely were the first one to notice, since it had only been trading for a few days, and that makes you an early adopter. But ... it turns out that bubbles crash. You bought high. Now you’re frustrated and thinking of selling — selling low. DON’T! The same reasons you thought this was...
Basic attention token is bullish again! The basic attention token to bitcoin chart is approaching the height of the right shoulder on the recent head and shoulders pattern. If it breaks this, the new target will be 0.00002832 BTC. (Note my previous charts with the downward target had slightly overestimated the height of the head above the neckline. I use the more...
BATBTC is forming a head and shoulders pattern. Expect BAT to be bearish in the near future relative to the bitcoin and therefore the crypto market in general. I don’t see a head and shoulders, however, in the BATUSD chart, so BAT may still be a good buy relative to fiat. The Brave web browser recently received some negative coverage (to read about it Google:...
DGBUSD breakout has been confirmed. It’s on a current uptrend and forming well-defined support and resistance lines. I remain cautiously optimistic as to whether this will continue. This coin has a tendency to be a feast or famine investment, and it’s currently on fire!