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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.
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ADA: This wave (4) seems to get very protracted. I am watching if wave (4) is unfolding as triangle pattern. However, a break above $0.522 would indicate that a larger corrective ABC structure as shown in yellow is unfolding. It is currently unclear how this would fit into the bigger picture. Above $0.522 the area between $0.547 and $0.645 is fibonacci resistance. If the price can reach at least $0.605 then we can explore if we are dealing with a larger 5-wave pattern to the upside.
ADA: This wave (4) seems to get very protracted. I am watching if wave (4) is unfolding as triangle pattern. However, a break above $0.522 would indicate that a larger corrective ABC structure as shown in yellow is unfolding. It is currently unclear how this would fit into the bigger picture. Above $0.522 the area between $0.547 and $0.645 is fibonacci resistance. If the price can reach at least $0.605 then we can explore if we are dealing with a larger 5-wave pattern to the upside.
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WIF: The price is likely on its way to $7 as this is the next larger degree fibonacci target. The structure could fail after 3 waves up in a high B-wave but this would offer the opportunity to add a position again in wave (C) of (iv) if it happens. I currently assume that the price is working on the diagonal pattern in yellow to $7+.
WIF: The price is likely on its way to $7 as this is the next larger degree fibonacci target. The structure could fail after 3 waves up in a high B-wave but this would offer the opportunity to add a position again in wave (C) of (iv) if it happens. I currently assume that the price is working on the diagonal pattern in yellow to $7+.
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FET: The chart does not offer much clarity on the micro level. This is the problem whenever we are dealing with corrective sideways structures. The price has broken above initial resistance or is at least trying to. The only way to move up from here is in a diagonal pattern as shown in yellow. The invalidation point for this potential is $1.86.
FET: The chart does not offer much clarity on the micro level. This is the problem whenever we are dealing with corrective sideways structures. The price has broken above initial resistance or is at least trying to. The only way to move up from here is in a diagonal pattern as shown in yellow. The invalidation point for this potential is $1.86.
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FET: Very balanced probabilities on this chart still, at least when we talk about the micro structure. The yellow scenario targeting $3.60+ in wave (3) and $5 approximately in wave (5) is valid as long as the $1.86 swing low is holding. The price has reached the trend line after breaking above our initial $2.20 resistance level.
FET: Very balanced probabilities on this chart still, at least when we talk about the micro structure. The yellow scenario targeting $3.60+ in wave (3) and $5 approximately in wave (5) is valid as long as the $1.86 swing low is holding. The price has reached the trend line after breaking above our initial $2.20 resistance level.