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.
Crypto Banter Signals
BONK: The price has formed either a deep wave B or is making another attempt to form a low in wave ii. The price is still in the larger support region with support at $0.x161484. Ideally, to maintain a bullish perspective the $0.x161484 level holds. Below this level, $0.x45383 becomes the next relevant support level in the lower support zone. If the C-wave in white is unfolding, the target zone is defined between $0.x270715 and $0.x315771. If a 5-wave move to the upside forms, I will add the next micro support zone.
BONK: The price has formed either a deep wave B or is making another attempt to form a low in wave ii. The price is still in the larger support region with support at $0.x161484. Ideally, to maintain a bullish perspective the $0.x161484 level holds. Below this level, $0.x45383 becomes the next relevant support level in the lower support zone. If the C-wave in white is unfolding, the target zone is defined between $0.x270715 and $0.x315771. If a 5-wave move to the upside forms, I will add the next micro support zone.
Crypto Banter Signals
GALA: The price has shown an initial reaction to the important 78.6% retracement level, but the reaction is too weak to provide a convincing case for a low to be in place in wave (b). At this stage new lows cannot be ruled out, especially because B-waves sometimes like to retrace below the 78.6% retracement level. I am watching for a first upside impulse.
GALA: The price has shown an initial reaction to the important 78.6% retracement level, but the reaction is too weak to provide a convincing case for a low to be in place in wave (b). At this stage new lows cannot be ruled out, especially because B-waves sometimes like to retrace below the 78.6% retracement level. I am watching for a first upside impulse.
Crypto Banter Signals
AVAX: It is possible that wave ii has formed a low but a break above the upper boundary line of the corrective price channel, followed by a break above the green line at $30 is needed for further evidence. I am cautious because the $18.84 100% extension target has not yet been reached.
AVAX: It is possible that wave ii has formed a low but a break above the upper boundary line of the corrective price channel, followed by a break above the green line at $30 is needed for further evidence. I am cautious because the $18.84 100% extension target has not yet been reached.
Crypto Banter Signals
ADA: Structurally there is no change to the chart. It is possible that the larger wave 2 correction completed on Friday, but it takes the development of 5 waves as per the white scenario for a first confirmation that wave 2 has bottomed. In the short-term, the price reacted to the micro support region and seems to be on its way towards the next overhead resistance area between $0.39 and $0.417.
ADA: Structurally there is no change to the chart. It is possible that the larger wave 2 correction completed on Friday, but it takes the development of 5 waves as per the white scenario for a first confirmation that wave 2 has bottomed. In the short-term, the price reacted to the micro support region and seems to be on its way towards the next overhead resistance area between $0.39 and $0.417.
Crypto Banter Signals
SOL: The price continues to move higher as per the presented micro structure for wave D in this larger triangle pattern. This is a fragile structure because the price is moving in corrective patterns. Wave D could unfold as ABC structure as highlighted in yellow, or as WXY structure, as shown in orange. A break below $134 would indicate that a top of sorts is in place, but for a healthy D-wave the price should reach the $160 area.
SOL: The price continues to move higher as per the presented micro structure for wave D in this larger triangle pattern. This is a fragile structure because the price is moving in corrective patterns. Wave D could unfold as ABC structure as highlighted in yellow, or as WXY structure, as shown in orange. A break below $134 would indicate that a top of sorts is in place, but for a healthy D-wave the price should reach the $160 area.
Crypto Banter Signals
DOGE: The micro support zone remains between $0.066 and $0.105. While the yellow scenario is possible, which would indicate that a low has already formed, I need to see some more upside momentum to trust it. If 5 waves can form and reach the area around $0.15, then a low has likely formed in wave b.
DOGE: The micro support zone remains between $0.066 and $0.105. While the yellow scenario is possible, which would indicate that a low has already formed, I need to see some more upside momentum to trust it. If 5 waves can form and reach the area around $0.15, then a low has likely formed in wave b.
Crypto Banter Signals
SOL: The price is testing the micro support region again, which is defined between $125.81 and $135.04. We have already observed in the last few days that the market showed weakness, and there was no impulse to the upside, which made a retest of support likely. I primarily view this as a larger wave (B) flat correction, which might need a few more downside squiggles to complete the correction.
SOL: The price is testing the micro support region again, which is defined between $125.81 and $135.04. We have already observed in the last few days that the market showed weakness, and there was no impulse to the upside, which made a retest of support likely. I primarily view this as a larger wave (B) flat correction, which might need a few more downside squiggles to complete the correction.
Crypto Banter Signals
XRP: The XRP chart is very reliable when it comes to failing to create an impulse. The price has reacted in an interesting way to the support region but so far we can only identify a 3-wave move to the upside. If a 5-wave move can form that reaches $0.53+, then it could indicate that indeed a more substantial low has formed in wave x, which could then lead to a rally into the $1+ region. However, the price has been moving sideways for a year, so let´s first see if a first impulse can form.
XRP: The XRP chart is very reliable when it comes to failing to create an impulse. The price has reacted in an interesting way to the support region but so far we can only identify a 3-wave move to the upside. If a 5-wave move can form that reaches $0.53+, then it could indicate that indeed a more substantial low has formed in wave x, which could then lead to a rally into the $1+ region. However, the price has been moving sideways for a year, so let´s first see if a first impulse can form.
Crypto Banter Signals
ETH: The price broke above initial micro resistance and the adjusted resistance area is now defined between $3,134 and $3,182. Even for wave (4) in white this pullback seems a little shallow so it is possible that the support zone will be tested again. If yellow wave (4) topped, then the move to the downside could be an extended wave 2 now, as per the chart.
ETH: The price broke above initial micro resistance and the adjusted resistance area is now defined between $3,134 and $3,182. Even for wave (4) in white this pullback seems a little shallow so it is possible that the support zone will be tested again. If yellow wave (4) topped, then the move to the downside could be an extended wave 2 now, as per the chart.
Crypto Banter Signals
XRP: Yesterday I made you aware about some interesting developments on the XRP chart. The price has continued to show upside momentum since then, and the next upside levels to watch are $0.5255 and $0.54. Wave (3) could form a top at any point, because the first ideal target for wave (3) has already been reached. So far, this is only a 3-wave move up and another 4-5 pattern is needed to indicate that a more substantial low has formed. The micro support that needs to hold if there is a pullback is $0.456.
XRP: Yesterday I made you aware about some interesting developments on the XRP chart. The price has continued to show upside momentum since then, and the next upside levels to watch are $0.5255 and $0.54. Wave (3) could form a top at any point, because the first ideal target for wave (3) has already been reached. So far, this is only a 3-wave move up and another 4-5 pattern is needed to indicate that a more substantial low has formed. The micro support that needs to hold if there is a pullback is $0.456.