Cardano (ADA) has given a bullish crossover in ACMI RS after a fake crossover couple of days back. Last time ADA crossed over RS > 1, it moved from 0.77 to 1.14 within a single day right next day after crossover. Could something similar happen this time?
Bitcoin saw a negative daily close yesterday. With that, its fair to assume wave 4 down may have started and 100K will have to wait till wave 4 is done. Previous degree wave 4 was around 88K so that’s a potential target for ongoing wave 4 and 38.2% retracement which is common for wave 4…
Covering BTC after a long time, last update was in March and then this update is kind of continuation of what I shared in that post. Bitcoin started impulse move from the lows in November 2022. It’s moving nicely in a channel and seem to have completed waves 1 and 2 of larger impulse which…
Based on the Elliott wave counts of most cryptos, I think we are in a pullback mode which might continue for few weeks before we see a fresh impulse that could drive the cryptos to new all time highs. Meanwhile, MATIC caught my eye as it looks relatively more bullish as it seem to have…
It has been few weeks before I shared an update. Had been busy on both personal and professional fronts so did not get much time. Moreover, charts too have been quite messed up with large moves on either sides. The worst might be behind us as we seem to have completed complex correction (WXYXZ) in…
Nothing much has changed since last time I shared the update on BTC. We seen to be in final leg Z of W-X-Y-X-Z complex correction since the November high of 69000 last year. So far, Z seem to be a-b-c correction out of which a and b seem complete and we are in final leg…
Ethereum doesn’t look very different from Bitcoin and they both seem to be doing the same thing. In the weekly chart, we see Ethereum in a complex correction (W-X-Y-X-Z) and ETH seem to be in last leg (Z) or correction which seem to be forming as abc out of which a and b look complete….
In daily chart, a clear 5 wave rise up is visible followed by clean zigzag correction. Cardano is just 1 point away from breaking the minor wave b high of 0.416 (touched 0.415 as on writing this). Once broken, we can fairly assume that next 5 wave rise up has started which should take us…
Crypto charts are always exciting to see. Never a dull moment 😇 Dogecoin has been in news due to Elon Musk’s acquisition of Twitter and implications of Dogecoin getting integrated with the platform. This has given a significant rise to Doge in past few days. In fact, it nearly doubled in a single day once…
Ethereum has been moving as per my previous post in 5 waves down impulse. 3rd wave has sub-divided and we currently seem to be in wave iv which is forming a triangle. We should be close to completing wave iv, following which we will get wave v and ETH should complete the wave 3 down….