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.
Crypto Banter Signals
BTC: The price is trying to hold above the trend line. Just to clarify, if the white 5-wave pattern to the upside unfolds, then it would need to be a diagonal, which, as we all know, is a fragile structure, which is likely going to change a few time. The only way I can see the $56,280 support hold is if this diagonal pattern completes. For now, the local invalidation point for the diagonal pattern is the wave (2) low at $57,150, but ideally the price holds above $57,600. A break below $57,600 is a first warning that the structure is collapsing.
BTC: The price is trying to hold above the trend line. Just to clarify, if the white 5-wave pattern to the upside unfolds, then it would need to be a diagonal, which, as we all know, is a fragile structure, which is likely going to change a few time. The only way I can see the $56,280 support hold is if this diagonal pattern completes. For now, the local invalidation point for the diagonal pattern is the wave (2) low at $57,150, but ideally the price holds above $57,600. A break below $57,600 is a first warning that the structure is collapsing.
Crypto Banter Signals
BTC: I repositioned the trend line. Bitcoin has been in consolidation mode throughout the day. I am still watching the white scenario as long as the intraday low holds. However, the current pattern appears to be three waves down. If we see another 3-wave move upward, that would mean three waves up, which is indecisive at best. For the white scenario to stay valid, the price needs to form a diagonal pattern, or alternatively, break yesterday’s low to signal further downside. Just some classic Friday market action.
BTC: I repositioned the trend line. Bitcoin has been in consolidation mode throughout the day. I am still watching the white scenario as long as the intraday low holds. However, the current pattern appears to be three waves down. If we see another 3-wave move upward, that would mean three waves up, which is indecisive at best. For the white scenario to stay valid, the price needs to form a diagonal pattern, or alternatively, break yesterday’s low to signal further downside. Just some classic Friday market action.
Crypto Banter Signals
AVAX: I have added a new micro support region that, if broken to the downside, will tell us that wave (3) is likely failing. Micro support for wave (3) is defined between $22.39 and $23.90. If wave (3) is unfolding, then $28.68+ is the next milestone target range. However, all 5 waves need to be completed for a confirmation that a lasting low has been established.
AVAX: I have added a new micro support region that, if broken to the downside, will tell us that wave (3) is likely failing. Micro support for wave (3) is defined between $22.39 and $23.90. If wave (3) is unfolding, then $28.68+ is the next milestone target range. However, all 5 waves need to be completed for a confirmation that a lasting low has been established.