Stoic-Trader

Ripple could already be in the subwaves of gray 5. The gray descending trendline was broken and is serving as support for the correction.In smaller timeframes, price is still making lower lows and lower highs. I´d wait for a clearer reversal in the 4H before taking long trades.Invalidation is at 1.6134 (potential gray 4 low).

This is my current trade plan for Gold. I don´t believe the correction is over, and will be watching for potential shorts after some upside movement (green b -> c trade).But the bigger opportunity will be on the conclusion of green c / blue 2, from where we can really get another strong leg to the upside.

I´m considering the recent downside to be a correction from the move which began on mid-April.Price is finding support in the blue 0.18 zone, but the lack of any reversal patterns in smaller timeframes leads me to believe that we will still see further tests of this level.Break of the green descending trendline would be the first indications that bulls are regaining control.

Algorand has broken the black descending channel and gave us bullish RSI divergence on the April low.I expect a new leg to the upside to test gray resistance just above 0.3000.Invalidation is at 0.1460.

Price rise was strongly rejected at the August 2024 low, which is now a key level.Nevertheless, I am currently biased to the upside, with a presence of bullish RSI divergence in the daily chart.In this scenario, the recent rise would be a leading diagonal (green 1-5).The gray zone shown in the chart could offer the support needed for a new uptrend leg.

Stellar´s descending wedge (in green), which began last November, has been broken to the upside.Next up is 0.31 resistance (gray zone). If this resistance breaks, a higher high will be made and we´ll be back in bullish mode.The only caveat is the last of RSI divergence on the low, which statistically is more commonly present before a reversal.

We have several bullish confluence indications for ONDO:- Bullish RSI Divergence- Higher High on the Daily- Break of 0.92 resistance, now support- Break of red descending trendlineNext major resistance levels are at 1.20 and 1.60.

The gray descending trendline has been broken, in what looks to be a motive wave (green I-V).I will be looking for green IV corrections, ideally retesting the trendline, for long trades.On the flipside, there is no RSI divergence on the recent low, so the probability that we have seen a bottom is not that big.

After the ABC correction shown in my previous analysis, we have a motive wave to the downside.I´m considering wave 1 to be an extended wave. Therefore, by EW parameters, we would have wave 3 shorter than 1, and wave 5 shorter than 3.Blue resistance is an probable target for wave 4.

Price keeps grinding to the downside, forming the green channel.A break of the channel should lead us first to a test of blue resistance, followed by gray resistance.Price is showing divergence in smaller timeframes, but this is not enough to consider a reversal.