Hello, Skyrexinans! Couple of weeks ago we also warned you on the weekend that on the next week can start the huge dump on the crypto market and on altcoins especially. Today we received the red alert again that we have to be ready for the drop which will start tomorrow. Let's take a look at the daily chart. Here we can see that price has already completed 4 waves of 5 of the Elliott waves cycle. Wave 4 is the triangle shaped, that's why it has not even reached the 0.38 Fibonacci retracement. In our opinion it's finished and now it's time for the wave 5, which has the target approximately at 7%. When we will see divergence with AO and green dot on the Bullish/Bearish Reversal Bar Indicator it can be the historical moment when the price will show us the reversal. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Looks like the market may start off bearish but then turn around and become bullish. It is at the bottom of a daily wedge showing a good sign of pushing up to the Top of the wedge.
I called tops too early last time I looked at Mastercard. That's why you have stop losses. It is a common feature I found when using Elliott, that there is frequently one subwave that is left unaccounted for, causing one to call pivot prematurily. But calling pivot is never easy no matter, which tactic you use. Similarly, vWAP derived reversal to mean strategies often fail, as well as many of Jurik (and others -not singling anyone out) indicators that can be used for this purpose. In my experience, it almost does not matter what you use, as long as you are the master of your system. Reading an indicator is easy, but reading what is between the lines is what creates real profit. Mechanical interpretation of squiggly lines does not lead to profits in the long run.
PORTO ~ 1W Analysis #PORTO Buy gradually from here if you still have a Conviction on this Coin. Reason, This is the lowest support for now.
This chart is useful for trend analysis is required. We have seen the lows 18.01s and we recovered strongly again. Line break chart suggest we may see higher levels, including Fisher form assisting the direction as well. Strategy BUY @ 18.1950 - 18.2450 and take profit below 18.4800 area (trend line resistance)
ARKM is approaching a strong support zone with a 3D structure, presenting a BUY opportunity for us. We are looking for buy/long opportunities within the POI (Point of Interest) zone. The target can be the Supply box. A daily candle closing below the invalidation level could invalidate this analysis. Do not enter the position without capital management and stop setting Comment if you have any questions thank you
My last idea on LLY proved to be very profitable, so here are the early signs of a pivot at hand. Technically, the indicators flipped almost in unison, MIDAS crossed. And just look at that fat bearish candle setting the tone. It is this constellation of factors that gives one confidence to profit from the plunge. Strap yourselves in.
ETH is likely to outperform BTC as more weakness expected on BTC and the cross will like surpass 0.0350 in the coming weeks. Currently we have GANN resistance 0.0277 area. Strategy BUY current 0.0254 - 0.0257 and take profit near 0.0325 for now.
Top and bottom targets set and a minimum target of 96200
Betting on a triple drive formation here, while stock price is correcting from the last drop. None of the technical indicators have turned, yet, although they appear to be about to. This is a discretionary idea with increased risk, as there is no signal until an indicator produces one.