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Wednesday, April 25 2018
EOS also dropped, but we think it's just a temporary, deeper pullback within within uptrend, so we can expect a three-wave decline, ideally down to 38,2% Fibo. retracement, which comes exactly to a previous wave 3 swing high and 12.0 psychological support level.
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Cryptos dropped from wave 3 resistance as expected, so be aware of a deeper pullback. Bitcoin cash is looking for three waves down, where support can be reached around 1190 level for wave 4. With this sharp leg down back to 38,2% Fibo. retracement, wave 4 can be already completed, but we want to see three waves down. In either case it's just a correction within uptrend.
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Tuesday, April 24 2018
At the user's request in our chat room we took a look at Verge. After five waves up from lows, which means bullish reversal, we have seen a sharp drop, so currently can be trading in a deeper three-wave pullbacl, where support at 0.048 level and around 78,6% Fibo. retracement can be tested, before continue it's uptrend.
Litecoin is something similar as Bitcoin. We also see it in the final stages of wave (v), targeting a triangle measurement and channel resistance line, so here as well a drop into correction may occur soon.
Monday, April 23 2018
At the user's request in our chat room, we took a look at DSHBTC. We are observing a big triangle, where we can see a nice bounce after three waves down within wave C), so pair can be now unfolding a three-wave A-B-C rise within wave D) towards around 0.070 resistance zone, as long as it's trading above 0.034 invalidation level level.
At the user's request in our chat room, we took a look at GTOBTC. It bounced nicely after a clear three-wave decline from highs. Currently can be unfolding at least a three-wave recovery and looks quite impulsive, so we assume that wave (3)/(C) can be on the move towards 0.000055 level
LTCUSD is still trading within channel range, so just like BTC, there's also room for more upside within wave (iii) towards 160-170 or maybe even 180 levels.
BTCUSD was slow over the weekend and currently can be forming a small triangle pattern within wave iv, so wave v of (v) towards 9200-9400 could be next move. Just be aware, because deeper pullback may occur soon.
Friday, April 20 2018
Litecoin is trading bullish with breaking channel resistance line, so we may see much higher levels within wave v of (iii) towards 162 level. Currently it's just slowed down in wave iv before continue higher.
At the user's request in our chat room, we took a look at NANOBTC, which looks very interesting, because we can clearly see a double zig-zag W-X-Y corrective pattern with equality of waves W=Y and price can be now turning into back to bullish mode. So, we are watching very closely and if breaks above 0.001080, then bulls will be confirmed and NANO can be headed much higher.
BTC is slow in the last days, but we still think it's a part of wave (iv) correction, because it bounced from ideal support around 38,2% Fibo. retracement. and base channel resistance line, which now act as a support. So there's room for more upside towards 8800-9100 within wave (v).
Good morning Crypto lovers! We already mentioned about that triangle on BCHBTC and we have seen a nice bounce out of ending diagonal, which usually signalize a sharp bounce, so it's becoming very interesting. Just imagine this big bullish triangle. We will watch it very closely.
Thursday, Apr 19 2018
Just like Ethereum, even Ripple is following our wave count into perfection. So, as you can see Ripple can be trading in fifth wave, just keep in mind that after every five waves, a three-wave turn follows. That said, be aware of a pullback!
At the user's request in our chat room we took a look at PPTUSD (Populous). Populous is unfolding sharp and impulsive five waves up within wave 3, where we see a room for 30 level.
Ethereum is following our wave count from April 17th perfectly. Triangle in wave (iv) seems to be completed and it can be headed now for wave (v) of 3 towards 580-600 level.
Wednesday, Apr 18 2018
Bitcoin Cash bounced from 600 psychological level lows, clearly with five waves up, so we got the first evidence of a bullish reversal. Just keep in mind that after every five waves, a three-wave turn follows, that said, be aware of a pullback.
With room for more upside can be NEO in which we have seen a nice bounce from lows and price can be unfolding now a five-wave rise, just like other cryptocurrencies. But the most interesting is that possible Cup and Handle pattern, which also fits perfectly with EW theory.
Ripple has a similar pattern as Dash. It's also pointing higher out of wave (iv) triangle and based on triangle measurements can be headed towards 0.75 level for wave (v) of iii.
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