Crypto Banter Signals
DOT: The price has shown a reaction to the $5.50 fibonacci support level. However, the price has only formed a 3-wave move to the upside from the low. This does not provide a confirmation that a low has formed in wave (ii). We still have to be watching for one more low at this stage.
DOT: The price has shown a reaction to the $5.50 fibonacci support level. However, the price has only formed a 3-wave move to the upside from the low. This does not provide a confirmation that a low has formed in wave (ii). We still have to be watching for one more low at this stage.
Crypto Banter Signals
BLZ: The price has survived all the recent price crashes and the previously communicated 1-2 setup is still alive. I have slightly adjusted the support region and this chart could be one for the watchlist because as long as $0.07 support holds, the A=C target points to $4.56+. However, let´s first see if support holds and if a third wave can form.
BLZ: The price has survived all the recent price crashes and the previously communicated 1-2 setup is still alive. I have slightly adjusted the support region and this chart could be one for the watchlist because as long as $0.07 support holds, the A=C target points to $4.56+. However, let´s first see if support holds and if a third wave can form.
Crypto Banter Signals
BTC: One more extension to the downside. The area between $61,800 and $62,540 should offer some support. A sustained break below $62,541, however, would indicate that the white scenario has failed and the yellow scenario is taking the lead. In this scenario, the area between $55,400 and $58,500 is a key target zone.
BTC: One more extension to the downside. The area between $61,800 and $62,540 should offer some support. A sustained break below $62,541, however, would indicate that the white scenario has failed and the yellow scenario is taking the lead. In this scenario, the area between $55,400 and $58,500 is a key target zone.
Crypto Banter Signals
SOL: The price has followed the structure to the downside nicely and now we have arrived at a point where the price needs to think about reversing to the upside to avoid the invalidation of the triangle pattern. The $119 level is the invalidation point. However, wave c of (5) could easily form one more low. The micro resistance area is defined between $125.62 and $129.26. Only a break above this resistance area would indicate that a low might have formed. Also pay some attention to the trend lines I added to the chart as initial breakout signals. A break below $119 would not change the overall assumption on the chart, however. The wave 4 that is unfolding would simply take the shape of a flat correction. This would not be surprising because triangle patterns are unreliable structures.
SOL: The price has followed the structure to the downside nicely and now we have arrived at a point where the price needs to think about reversing to the upside to avoid the invalidation of the triangle pattern. The $119 level is the invalidation point. However, wave c of (5) could easily form one more low. The micro resistance area is defined between $125.62 and $129.26. Only a break above this resistance area would indicate that a low might have formed. Also pay some attention to the trend lines I added to the chart as initial breakout signals. A break below $119 would not change the overall assumption on the chart, however. The wave 4 that is unfolding would simply take the shape of a flat correction. This would not be surprising because triangle patterns are unreliable structures.
Crypto Banter Signals
ETH: The price is trying to start a wave (C) rally from here. The trend line already got broken. A break above $3,415 does more clearly indicate that wave 3 of (c) is unfolding. For now, the support zone could easily be tested again, and it is still defined between $3,278 and $3,355. If this micro structure is correct, then ideally, the wave 2 low at $3,362 is holding.
ETH: The price is trying to start a wave (C) rally from here. The trend line already got broken. A break above $3,415 does more clearly indicate that wave 3 of (c) is unfolding. For now, the support zone could easily be tested again, and it is still defined between $3,278 and $3,355. If this micro structure is correct, then ideally, the wave 2 low at $3,362 is holding.
Crypto Banter Signals
DOGE: It takes a break above resistance to indicate that wave b has already formed a low. At the moment at least one more low is preferred in wave (5), which is in line with Bitcoin´s structure. The micro structure is not very reliable, and it is also possible that wave (3) is still unfolding.
DOGE: It takes a break above resistance to indicate that wave b has already formed a low. At the moment at least one more low is preferred in wave (5), which is in line with Bitcoin´s structure. The micro structure is not very reliable, and it is also possible that wave (3) is still unfolding.
Crypto Banter Signals
BTC: It seems as if a top of sorts is in place. If the pullback is corrective and can hold above the 78.6% retracement of yellow wave 1, which is located at $60,327, then a third wave could take the price higher. However, a break below $60,327 will indicate that wave (5) of c in the white scenario is unfolding. In this case, $59,345 is the relevant support level.
BTC: It seems as if a top of sorts is in place. If the pullback is corrective and can hold above the 78.6% retracement of yellow wave 1, which is located at $60,327, then a third wave could take the price higher. However, a break below $60,327 will indicate that wave (5) of c in the white scenario is unfolding. In this case, $59,345 is the relevant support level.