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.
Crypto Banter Signals
SOL: The price is likely moving towards the $161 - $174 range after the breakout of the trend line. The fibonacci support range remains relevant for now and ideally the price holds above the descending red trend line now to keep the upside pressure alive. Nothing has changed on this chart and the idea is still that the price is moving in the D-wave of a wave 4 triangle.
SOL: The price is likely moving towards the $161 - $174 range after the breakout of the trend line. The fibonacci support range remains relevant for now and ideally the price holds above the descending red trend line now to keep the upside pressure alive. Nothing has changed on this chart and the idea is still that the price is moving in the D-wave of a wave 4 triangle.
Crypto Banter Signals
XRP: The price has started at least wave 4, but if the price cannot hold $0.506, then we can still consider if wave A formed only 3 waves, and if a B-wave pullback is unfolding with key support at $0.426. Please note that XRP usually avoids 5-wave patterns, so the yellow scenario is likely.
XRP: The price has started at least wave 4, but if the price cannot hold $0.506, then we can still consider if wave A formed only 3 waves, and if a B-wave pullback is unfolding with key support at $0.426. Please note that XRP usually avoids 5-wave patterns, so the yellow scenario is likely.
Crypto Banter Signals
SOL: Wave (B) might have started, and resistance for wave B is defined between $159.33 and $161.97. The support zone for wave (B) in this correction is defined between $140 and $151.46. There is no need to test the $140 level, but reaching $151.46 or $148 before reversing to the upside would be ideal.
SOL: Wave (B) might have started, and resistance for wave B is defined between $159.33 and $161.97. The support zone for wave (B) in this correction is defined between $140 and $151.46. There is no need to test the $140 level, but reaching $151.46 or $148 before reversing to the upside would be ideal.