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.
Crypto Banter Signals
BTC: The price has nearly reached the 100% extension level at around $64,000. A break below $61,846 would indicate that wave 4 has formed a top in a WXY structure. One more high seems to be missing, if wave 4 unfolds as ABC structure. I am following the white scenario, which allows for one more high, as long as $61,846 support holds. However, risk is increasing in this region, because the price has nearly reached the ideal target. As long as the price holds above micro support, however, we have no confirmed top.
BTC: The price has nearly reached the 100% extension level at around $64,000. A break below $61,846 would indicate that wave 4 has formed a top in a WXY structure. One more high seems to be missing, if wave 4 unfolds as ABC structure. I am following the white scenario, which allows for one more high, as long as $61,846 support holds. However, risk is increasing in this region, because the price has nearly reached the ideal target. As long as the price holds above micro support, however, we have no confirmed top.