So the price broke out off of the triangle, and it has retraced back to retest and find support. It has done so, as both the triangle's support line and 0.5 Fibo level served as support. If my count is correct the price is starting to begin the 3 wave from a 12345 impulse wave, which target would be at 1.272 Fibo level. The target for the 5 and final wave is at 0.338$
The price of FunFair is currently within a downward channel, which is a handle from a bigger pattern. I am expecting the price to hit 0.786 Fibonacci level, before its breaks out of the channel from the upside.
As you can see from the chart, the price action is stuck in a corrective triangle, experiencing an ABCDE correction, forming two consecutive cup and handles. The price is currently in the second handle formation, which is wave E from a larger count, which the target should hit to the triangles support line.
As you can see on the daily chart, there a big cup and handle pattern, from which the handle is a corrective triangle. ABCDE correction is completed, and having the price break out from the upside means that the price is going to create new all-time highs.
After a long runup, Zilliqa is experiencing a correction. I have projected the targets using Elliott waves correction count and Fibonacci levels.
Zilliqa is about to burst from a rising wedge, as the price action is forming an exponential rise. This crypto has shown a great price stability in the midst of a correction, which means that the investors in this crypto are long-term holders. It has been rising in the rank on coinmarketcap from around 40 to 23 where it is now. Where the target is, I don't know as...
Enigma has ended the correction and the impulse wave has started. We can see that the price went above the uptrend resistance line of the consolidation channel, and fallen back to retest it in the 2 wave. The main uptrend support line from the beginning of the chart was also tested for support.
Zcash is currently completing a C wave out of the WXY correction, which is also a handle from a larger cup and handle pattern. C wave should hit 260$ target if this scenario plays out as projected, which is a 0.786 Fibonacci extension which matches the 0 Fibonacci retracement level on 06.02.2018, so it will be a solid support. A handle in which the price is...
Bytecoin spiked up today by amazing 185%. It has retraced since, for a overall increase of 87% from today's opening from bellow 0.236 Fibonacci retracement line, to slightly above 0.786. It is currently sitting just below the 0.5 Fibo level, but if we take into an account the fractal nature of the price action, every time this happened in the past the candle had a...
After extensive counting, I've finally figured out what going on with Rippel's correction. The price is currently consolidating in a WXY pattern, which is a Wave 2 (the handle) of the bigger count.
Wabi is completing a C wave which would be a right shoulder, but a handle from a larger pattern. Very interesting. After the correction is compleated I am expecting the price to surge.
After the price has breached out of the falling wedge in which it consolidated, it is heading in an upward trajectory, and it is now about to complete the wave 3 out of 12345 impulse.
This makes sense to me for so many reasons. What do you think?