Part of my ongoing analysis of XTZ movements (see links below).
As we all know, Tezos has been growing in leaps and bounds (parabolic actually).
Eventually it will pull back, and this would be a great spot to start retrace (or crash).
However, the parabolic leg is typical of a "wave 3" with wave 5 yet to come (in theory).
It is PLAUSIBLE that wave 3 goes a bit higher (green wave).
It is LIKELY that w3 is done and w4 is starting (blue wave).
It is POSSIBLE that the pullback will be deep (red wave).
Break above $3.6369 would imply w3 to $4.2xx
Break below $2.9239 would imply deep retrace.
Break below $2.4502 would imply crash potential.
Previous BCH plots: (click links below)
$2.00 Target Plot (blew right past it)
$1.23 Bounce Plot (near perfect bottom)
$1.85 Take Profit (near perfect top)
Parabola Spotted (early bull call)
I plot many Crypto Currencies, as well as Forex and some Stocks.
See my TV Profile Page and hit "follow" to be notified of updates.
.
As we all know, Tezos has been growing in leaps and bounds (parabolic actually).
Eventually it will pull back, and this would be a great spot to start retrace (or crash).
However, the parabolic leg is typical of a "wave 3" with wave 5 yet to come (in theory).
It is PLAUSIBLE that wave 3 goes a bit higher (green wave).
It is LIKELY that w3 is done and w4 is starting (blue wave).
It is POSSIBLE that the pullback will be deep (red wave).
Break above $3.6369 would imply w3 to $4.2xx
Break below $2.9239 would imply deep retrace.
Break below $2.4502 would imply crash potential.
Previous BCH plots: (click links below)
$2.00 Target Plot (blew right past it)
$1.23 Bounce Plot (near perfect bottom)
$1.85 Take Profit (near perfect top)
Parabola Spotted (early bull call)
I plot many Crypto Currencies, as well as Forex and some Stocks.
See my TV Profile Page and hit "follow" to be notified of updates.
.
the Golden Ratio is my Religion
the Trading View is my Nation
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the Trading View is my Nation
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Very possible that wave 4 is done and we start working on w5
w4 may have ended at this fib
.
Zoom IN (15min) fora closer look at that fib
Now we see if can get past the 17.942 above at $3.268
.
Zoom OUT a bit (1h) We are still fighting a smaller tf fib in Blue
Break above would be first step in confirming a bottom.
I may post a new plot accounting for this new data, let me see what the next move is first.....
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