About meSebastian Seliga
Trader, analityk rynkowy
Na rynku Forex doświadczenie zbiera od 2010 roku i od tego czasu aktywnie handluje na własny rachunek. Od samego początku uwagę skupił na Falach Elliotta i tę technikę dokonali już od blisko 8 lat. W między
From a technical point of view, the price of the VERGE cryptocurrency is in an interesting place on the chart: very close to the target level of 61% Fibo at 0.0514. From there, the price may turn back and, by breaking the downward trend line, return to the upward cycle. Resistance levels on the chart.
After the three wave advance to the upside, the marked is reversing again towards the local lows at the level of $8,200. This small wave up might be a wave x, which indicates a possible drop lower towards the level of $7,712 as the correction evolves into a complex one. Moreover, the golden trend line is still providing the dynamic resistance for the price, so as...
For now everything is in accordance with the plan - we are continuing the correction in the wave (b). Note the drops towards the level of $ 8.653.
In addition, the downward correction can always be longer over time and at a price, but we will find out soon.
The price of the ETHUSD apparently moves towards the level of $ 787, which is the abolition of 38% Fibonacci previous decline. To reach this level, the price must be above $ 712 after the end of wave 4. The closest support for bulls is the level of $ 519 and $ 510.
Breaking the market above the golden downward trend line is promising in itself and may indicate...
It does not look too good for bulls, but they are still trying to push the prices higher. The important levels are : $9,538 (resistance) and $8,653 (support). The bullish impulsive count invalidation line is at the level of $8,405.
The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price.
The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC fututres contracts) caused the price to reach the local resistance level at $ 8,265. This level is...