BINANCE:POEBTC is showing strength with a 5th wave close to completing. Let’s look at RSI and fib levels to determine where Wave 5 could end up.
RSI tends to fluctuate between 40 and 90 in a bull market (uptrend) with the 40-50 zones acting as support. This has held since the uptrend started around 3/18. It has not dipped below 40 except for a dip on April 1st....
BINANCE:ADABTC just showed a strong upswing in the past couple days. There’s a general strong sentiment in the community with their test net releases. I’m a strong believer in mean reversion so now that we’ve seen the strong rally, we have two questions to ask: 1) how far will it retrace, and 2) what are our future price targets.
First off, short term...
This is a forward looking analysis of BINANCE:ZILBTC using Elliot Wave and Fibonacci levels.
ZIL has been showing some strong bullish behavior since it hit Binance. It seems as thought Waves 1 and 2 have completed with Wave 3 just starting. This is an analysis of Wave 3 targets. They are:
1604 (1.0 fib)
2044 (1.618 fib)
2757 (2.618 fib)
I'm making an...
