denispeshevski

denispeshevski Updated 

There might be a bit more pain before a reversal occurs. Keep a close watch on this chart.

denispeshevski

EW Triangle held the price from E at the line with a nice bounce. To confirm further, we need to break out of the triangle.

denispeshevski

That's a nice reaction so far. This could be the starting of the reversal to the upside :)

denispeshevski

The last chart I posted of OTHERS shows "E" of the Elliot Wave triangle where the price is currently. Let's see if we can bounce from here.

denispeshevski

This idea carries only 1% risk while targeting wave 3. Let's see if this plays out.

denispeshevski

Ethereum may be testing the 4-hour breakout of the RSI, and I am waiting for this test and potential reversal.

denispeshevski

It may be challenging to read, but it seems we are missing one more leg down to E. First indication for braking to the upsude will be braking of the RSI.

denispeshevski

RSI on the daily is breaking to the upside, which is a great sign. In 14 hours, when the daily candle closes, if we still see this breakout, we will have confirmation for further upside and possibly a new ATH.

denispeshevski

Others are demonstrating a bullish divergence on the 1-hour time frame. Will alt coins experience a price increase today or possibly tomorrow?

denispeshevski

Check the daily RSI. The first sign of an impulse will be a close above the trend line.

denispeshevski

There was a nice reaction at the red support level. It needs to break lower to confirm wave 3.

denispeshevski

Good reaction so far. Next resistance is the trend line on a way to wave (3).

denispeshevski

Bullish divergence forms in the daily time frame! It could be a good opportunity very soon.

denispeshevski

Nothing changed from the previous charts. The 0.786 Fibonacci blue zone still holds. Wave III potential is against this zone.

denispeshevski

Is the correction finally complete? Please pay attention to the blue support where I assume that wave two will end, and we also need to break the ice of the upper Fibonacci levels the price to continue and complete wave III.

denispeshevski

Eyes on the blue fibonacci support. This level is important for sooner upside continuation.

denispeshevski

Others will need to print this impulsively to confirm the alt season. This idea is against the blue support where the price appears to be consolidating.

denispeshevski

Another possible scenario is that this correction looks like an Elliot Wave Channel, with the C wavelength very close to the B wave. The corrective channel is made by two trendline lines. The first primary line connects the starting point of wave A to the end of wave B, and then the parallel line is placed at the end of wave A. Normally, wave C will end at that...