Crypto Banter Signals
BONK: In the yellow scenario, the price is still extending in its third wave in my opinion. Micro support has been adjusted to the range between $0.x175552 and $0.x233393. The next structural resistance levels are at $0.x295561 and $0.x370425. Overall expectations are still for the price to form one more high in wave v to reach $0.x730239+. It is possible that this move has started, but the April 19th low needs to hold in this case.
BONK: In the yellow scenario, the price is still extending in its third wave in my opinion. Micro support has been adjusted to the range between $0.x175552 and $0.x233393. The next structural resistance levels are at $0.x295561 and $0.x370425. Overall expectations are still for the price to form one more high in wave v to reach $0.x730239+. It is possible that this move has started, but the April 19th low needs to hold in this case.
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ETH: The price has formed the c-wave in the white scenario that I mentioned in the previous update. A break above $3,300 is required to unlock bullish potential that could take the price into the upper target area starting at $3,400. Quick reminder that wave 3 in yellow should reach $3,624 to be reliable.
ETH: The price has formed the c-wave in the white scenario that I mentioned in the previous update. A break above $3,300 is required to unlock bullish potential that could take the price into the upper target area starting at $3,400. Quick reminder that wave 3 in yellow should reach $3,624 to be reliable.
Crypto Banter Signals
FET: The price experienced a three-wave rally from the low on April 13, which does not definitively indicate that a bottom has been established. This pattern leaves open the possibility of further declines. The price was rejected at $2.67, at the 100% extension level, indicating that an ABC price top could have formed. In the yellow scenario a possible diagonal pattern is forming, which could lead to further upward movement, but this is uncertain until the price breaks above $2.67. If the price breaks below the recent swing low around $1.85, then the price should fall to lower Fibonacci retracement levels at $1.58 or even $1.27.
Stability of the bullish thesis depends on the bulls showing up before the price breaks below $1.27.
FET: The price experienced a three-wave rally from the low on April 13, which does not definitively indicate that a bottom has been established. This pattern leaves open the possibility of further declines. The price was rejected at $2.67, at the 100% extension level, indicating that an ABC price top could have formed. In the yellow scenario a possible diagonal pattern is forming, which could lead to further upward movement, but this is uncertain until the price breaks above $2.67. If the price breaks below the recent swing low around $1.85, then the price should fall to lower Fibonacci retracement levels at $1.58 or even $1.27.
Stability of the bullish thesis depends on the bulls showing up before the price breaks below $1.27.
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ADA: The price reacted to the micro support zone yesterday, which was crucial to keep the yellow scenario alive, because the $0.4426 level needs to hold in this scenario to keep it a reasonable assumption. Should the price breaks below this level, it is likely that wave (5) in white will lead to a test of the $0.36-$0.38 price range. The rally has been corrective, however, and it is possible that white wave B has formed a top. A break below yesterday´s low would confirm this further. Conversely, a break above $0.505 resistance would increase the odds for the yellow scenario. It takes a rally in 5 waves to $0.598+ to confirm that wave 2 has formed a low on April 13th. Overall very balanced probabilities on the small time frames at the moment.
ADA: The price reacted to the micro support zone yesterday, which was crucial to keep the yellow scenario alive, because the $0.4426 level needs to hold in this scenario to keep it a reasonable assumption. Should the price breaks below this level, it is likely that wave (5) in white will lead to a test of the $0.36-$0.38 price range. The rally has been corrective, however, and it is possible that white wave B has formed a top. A break below yesterday´s low would confirm this further. Conversely, a break above $0.505 resistance would increase the odds for the yellow scenario. It takes a rally in 5 waves to $0.598+ to confirm that wave 2 has formed a low on April 13th. Overall very balanced probabilities on the small time frames at the moment.
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FET: The price reacted to the micro support zone between $1.99 and $2.11. The white scenario seems a little more probable at the moment and one more low could take the price to $1.58. However, because of how hight he wave 4 was, it is also plausible that the price has already formed a low and wave c of (3) is now unfolding, but this takes a rally to $3.07 to confirm.
FET: The price reacted to the micro support zone between $1.99 and $2.11. The white scenario seems a little more probable at the moment and one more low could take the price to $1.58. However, because of how hight he wave 4 was, it is also plausible that the price has already formed a low and wave c of (3) is now unfolding, but this takes a rally to $3.07 to confirm.
Crypto Banter Signals
FET: The price reacted to the micro support zone between $1.99 and $2.11. The white scenario seems a little more probable at the moment and one more low could take the price to $1.58. However, because of how hight he wave 4 was, it is also plausible that the price has already formed a low and wave c of (3) is now unfolding, but this takes a rally to $3.07 to confirm.
FET: The price reacted to the micro support zone between $1.99 and $2.11. The white scenario seems a little more probable at the moment and one more low could take the price to $1.58. However, because of how hight he wave 4 was, it is also plausible that the price has already formed a low and wave c of (3) is now unfolding, but this takes a rally to $3.07 to confirm.
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ATLAS: The corrective pullback that has started in March has formed enough waves now for a price low to form. However, this does not mean that the low has formed. It just means that the wave count is technically complete. The market now needs to prove to us that the correction is complete, so we are watching for a first impulsive move to the upside in this area.
ATLAS: The corrective pullback that has started in March has formed enough waves now for a price low to form. However, this does not mean that the low has formed. It just means that the wave count is technically complete. The market now needs to prove to us that the correction is complete, so we are watching for a first impulsive move to the upside in this area.
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WIF: I slightly prefer for the price to move down as per the yellow scenario as there is no short-term strength but those micro counts are very unpredictable. As long as the price holds $2.25 a direct move to $5.83+ is likely as well. Should there be a dip in wave C then I will likely buy a little more but no large positions because the third wave is already done.
WIF: I slightly prefer for the price to move down as per the yellow scenario as there is no short-term strength but those micro counts are very unpredictable. As long as the price holds $2.25 a direct move to $5.83+ is likely as well. Should there be a dip in wave C then I will likely buy a little more but no large positions because the third wave is already done.
Crypto Banter Signals
BTC: The price has declined further and as I mentioned in the last update yesterday, it is possible that wave (2) has formed a top in a running flat structure. To invalidate the bearish micro structure, the price must break above $64,425, which is yesterdy´s high. This needs to be followed by a break above $66,400, which would indicate that the bulls intend to fight the bearish setup. The parameters have not changed on the chart. I added a target zone for wave (3) in white. This ideal target zone is defined between $57,396 and $58,969 and is an area that should be observed for a potential reaction, should the price decline further in wave (3). The yellow scenario still has a chance, but to keep this scenario alive, the price needs to show an upside reaction from this region.
BTC: The price has declined further and as I mentioned in the last update yesterday, it is possible that wave (2) has formed a top in a running flat structure. To invalidate the bearish micro structure, the price must break above $64,425, which is yesterdy´s high. This needs to be followed by a break above $66,400, which would indicate that the bulls intend to fight the bearish setup. The parameters have not changed on the chart. I added a target zone for wave (3) in white. This ideal target zone is defined between $57,396 and $58,969 and is an area that should be observed for a potential reaction, should the price decline further in wave (3). The yellow scenario still has a chance, but to keep this scenario alive, the price needs to show an upside reaction from this region.
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GALA: The price has not given us any clear confirmation that a low has formed, but the white scenario is still possible, even though the yellow scenario seems to be in control. $0.033 is the next support level that should be reached in wave v at least. The area around $0.0386 is expected to offer some short-term support.
GALA: The price has not given us any clear confirmation that a low has formed, but the white scenario is still possible, even though the yellow scenario seems to be in control. $0.033 is the next support level that should be reached in wave v at least. The area around $0.0386 is expected to offer some short-term support.
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VAI: It minimally takes a break above the last swing high at $0.245 to indicate that a low has formed on this chart. Below $0.147 invalidation of this diagonal pattern as highlighted in yellow will become more probable. Ideally the price turns around to the upside before $0.147 is broken to the downside. The formal invalidation point is at $0.104.
VAI: It minimally takes a break above the last swing high at $0.245 to indicate that a low has formed on this chart. Below $0.147 invalidation of this diagonal pattern as highlighted in yellow will become more probable. Ideally the price turns around to the upside before $0.147 is broken to the downside. The formal invalidation point is at $0.104.