VELO has potential to explode up and face some resistance around 0.2-0.3 DYOR, NFA, HIGH RISK HIGH REWARD/
SLP price has broken out of the down trend and is getting ready to be squeezed up. Buy SLP!
The price of DENT is breaking out and getting ready to be squeezed up. Time to buy DENT!
Price is getting ready to squeeze up on CSPR. Buy CSPR right now!
ICP is getting ready to be squeezed up and destroy bears. Buy ICP right now!
Here is what I see coming next using Eliot Wave + Order Blocks + Stoch RSI.
-Bullish order blocks from 16.2-16.5 -16.2 bottom of Bollinger Bands -EuroMotif fib at 16.5 -Could possibly wick lower, GL💲
It is time for Eth to plummet and drag down the alt coins with it. Lets get ready to rumbllleeee
Price is currently at 19.4 and we could be seeing a push up to the 22k area before the sellers step back in. I believe the chart says it all here. Good Luck👍
Using order blocks to determine KEY LEVELS. (18800 potential bounce to retest the broken support line) Using ABCD pattern for market direction. Volume Profile is also good as we can see the 3D rejected from the POC. Oct 13th is the CPI doom day.
I believe there will be a failed attempt by bulls to push the price above 20k. The daily POC is near 20k. (yellow line) The daily bullish order block from sept 6th has formed a range the top of which is near 20k. (top green line) The monthly candle turns green at 20k... Are the bears really going to let that happen? I don't think so.
ETH/BTC is struggling big time to break resistance from a bearish monthly order block all the way back from May 2018. Also, as we can see on the KST oscillator the momentum is dying off as there is a monthly cross down which is a major sell signal.
As we can see ETH has formed a large HNS pattern on the daily time frame with a target of approximately 1112. The head of the HNS pattern was where price got rejected from the bear market resistance band which is a strong sell signal. Also as we can see the price retested and got rejected from the diagonal neckline where the price initially broke down from.
Bullish cypher pattern has developed on the 4h chart on BTC. This should easily take us up to 28.7k in the next coming days/weeks. Also, the hash ribbon buy signal on the daily time frame is a strong signal of btc bottoming this bear market. BTC goes up when miners stop selling.
Weekly TF big bearish harmonic pattern + Weekly resistance. Aside from this quick TA, I believe USOIL and DXY will continue to go up for the next coming months right into 2023.
The chart says it all... I expect the downward pressure to continue for months to come as the overall economy keeps getting weaker and weaker.
Two big bearish harmonic patterns have developed on BTC that should take us all way back down to 18k. There is also a good chance of 18k breaking support and price plummeting to test the 10k range.
On the ETH daily TF we can see that a bearish bat harmonic pattern has developed with a perfect short entry in place. This should play out in the next coming weeks/months as the overall economy is collapsing.