Crypto Banter Signals
AVAX: The price has now reached the 38.2% retracement level at $21.36. It is possible that the price is forming a reversal already without another low, but it takes a higher low to confirm this further, and ideally a break above $22.74 and above the descending trend line. On the smaller time frame, we can see that the price could be working on a 1-2 setup.
AVAX: The price has now reached the 38.2% retracement level at $21.36. It is possible that the price is forming a reversal already without another low, but it takes a higher low to confirm this further, and ideally a break above $22.74 and above the descending trend line. On the smaller time frame, we can see that the price could be working on a 1-2 setup.
Crypto Banter Signals
ETH: The price has failed to form a clear 5-wave move to the upside and resistance did not break. I therefore still believe Ethereum needs to form another low at, so I'm not too concerned about it holding wave two support. However, if the price does hold support, we should see an impulsive reversal before the price breaks below $2170. If the price holds support and then breaks above $2670, I think the chances of a bottom being in are pretty decent.
ETH: The price has failed to form a clear 5-wave move to the upside and resistance did not break. I therefore still believe Ethereum needs to form another low at, so I'm not too concerned about it holding wave two support. However, if the price does hold support, we should see an impulsive reversal before the price breaks below $2170. If the price holds support and then breaks above $2670, I think the chances of a bottom being in are pretty decent.
Crypto Banter Signals
XRP: The price is still holding above the upper support region, which is defined between $0.562 and $0.58. A break below $0.562 would make a test of the B-wave support area more likely. Remember that news-driven price movements often lead to 3-wave price tops. It would therefore not be a surprise if the price fails to maintain an upside impulse. However, the fibonacci levels will guide us. For now, we can watch if the price reacts to fibonacci support.
XRP: The price is still holding above the upper support region, which is defined between $0.562 and $0.58. A break below $0.562 would make a test of the B-wave support area more likely. Remember that news-driven price movements often lead to 3-wave price tops. It would therefore not be a surprise if the price fails to maintain an upside impulse. However, the fibonacci levels will guide us. For now, we can watch if the price reacts to fibonacci support.
Crypto Banter Signals
ADA: The i-ii, 1-2 setup as highlighted in orange is possible as long as the price holds above $0.3241. Below this level $0.2911 becomes the key support for a wider i-ii setup as shown in yellow. If the price follows the accelerated bullish scenario, then wave iii should reach $0.423+ next.
ADA: The i-ii, 1-2 setup as highlighted in orange is possible as long as the price holds above $0.3241. Below this level $0.2911 becomes the key support for a wider i-ii setup as shown in yellow. If the price follows the accelerated bullish scenario, then wave iii should reach $0.423+ next.
Crypto Banter Signals
MATIC: The price could still easily form one more low. A break above $0.461 would be a first signal that a more substantial low has formed in either white wave ii or yellow wave 3. It remains my view that this chart has a lot to prove. At the moment, the price is consolidating below the 50% retracement level, which is an ideal level to start a wave 5 from.
MATIC: The price could still easily form one more low. A break above $0.461 would be a first signal that a more substantial low has formed in either white wave ii or yellow wave 3. It remains my view that this chart has a lot to prove. At the moment, the price is consolidating below the 50% retracement level, which is an ideal level to start a wave 5 from.
Crypto Banter Signals
BTC: Bitcoin is likely to test $56,280 after invalidating its 1-2 pattern in the C-wave to the upside. If the price drops below $56,280, the next support level is at $54,600, which is the invalidation point for the AB-structure, and therefore this is not strong support. If $54,600 breaks, I anticipate a move down to the mid $40,000 region. However, there is one more support level left at $51,900, which I have just added to the chart. Overall the price has only moved up and down in chaotic ways in the last few days, without being able to successfully break out to the upside. Remember that I warned about the fragility of the structure, and that chaotic movements have to be expected. So, the fact that we are back in the support zone for wave B is not particularly surprising.
BTC: Bitcoin is likely to test $56,280 after invalidating its 1-2 pattern in the C-wave to the upside. If the price drops below $56,280, the next support level is at $54,600, which is the invalidation point for the AB-structure, and therefore this is not strong support. If $54,600 breaks, I anticipate a move down to the mid $40,000 region. However, there is one more support level left at $51,900, which I have just added to the chart. Overall the price has only moved up and down in chaotic ways in the last few days, without being able to successfully break out to the upside. Remember that I warned about the fragility of the structure, and that chaotic movements have to be expected. So, the fact that we are back in the support zone for wave B is not particularly surprising.
Crypto Banter Signals
SUI: The price is still working its way through the corrective structure. A break above the red trend line could be an early signal that wave (B) has started. Now that we have reached the support zone it is possible that wave 2 is completed directly without a clear ABC structure, but for now I would prefer a clear ABC pattern as shown in yellow.
SUI: The price is still working its way through the corrective structure. A break above the red trend line could be an early signal that wave (B) has started. Now that we have reached the support zone it is possible that wave 2 is completed directly without a clear ABC structure, but for now I would prefer a clear ABC pattern as shown in yellow.