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One of the beauty of the bear Market is, it gives good opportunity to accumulate GEMs. Neo is one such coin/token which is very attractive at the current rate. Fundamentally, Since China is thinking about its stance on Crypo Currencies, Neo is at the very strong position. It is one of the safe investment at the current rate with its penetration in term of ICOs, ...
It has finished retracing/correcting and again started uptrending.
As we can see in the chart, the retracement was somewhere between .618 and .5 Fib level. General rule for a retracement (wave 2 or wave 4, not a,b,c correction) says that waves would be retraced from top (Five level 1) up to .786 or .618 level. Frankly speaking, since the mainnet launch is ...
Based on Fib Level and Elliot waves theory. This is for 4 Hour chart.
On a smaller scale it has completed impulse wave 3. It should now retrace towards .786 Fib level (15750 to 15850 Satoshi). Under extreme bearish pressure, it may also retrace up to .618 Fib (14300 to 14450). However, on a larger scale, it is on impulse wave 3 which may go up to (19500 ...
Just updated the TA. Fib levels and possible targets mentioned in the chart.
Hoping that BTC should not behave impulsively.
This a Technical Analysis for ADABTC chart on 4 Hour timeframe. It has completed impulse wave 1 and 2. Wave 3 which is usually the longest and strongest wave is just started. Based on the Fib level expected target is somewhere around 5700 to 5800 Satoshis (Taking this a bit on lower side) See the corresponding Fib level as well. Wave 4 retracement may be around ...
This Is based on 4 Hour chart for TronBTC. It has just completed Impulse Wave 3 and started retracement Wave 4 which is expected to around 870 to 855 Satoshis (Around .382 Fib level) Impulse wave 5 should then takeover it up to .50 or .618 Fib level with possible target around 1150 Satoshis. Also look at 4 Hour RSI we have a trendline drawn in red.
This is not ...