dukeposh

A potential ABC correction - cup with bull flag / flat handle ABC formation which currently retraced 61.8% of the A/1 wave with a possible a.4-a.5 stop hunt ending diagonal for a second false breakdown.Entry Position: Once price successfully recovered from the false breakdown support zone which could be a few attempts since wave 4 often a complex triangle.Indicator support: RSI bullish divergence in TFD confirmation of the a.5 wave.Target Position: TP1 @ 161.8% and TP2 @ 200% Fibonacci extension +200%!Invalidation: Below the lowest price position.Always trade with affordable risk and respect your stop,Good LuckThe price hit the 1st target fibonacci 161.8% @ $1.015 (+150+%), the previous liquidity zone wave a.5 stop hunt gone below the key support $0.4+ as far as $0.33 before rebounded.

A potential ABC - Cup pattern formation scenarioTFW - current multiple falsebreak below 161.8% extension - a sideway / sideway down movement implication> RSI convergence signal supporting wave 3 status> Projecting wave 4 at rounding cup support level, possible 20 week moving average and 100% fibonacci support zone.> Targeting wave 5 at 361.8% fibonacci extension of A wave at the key liquidity resistance level + 120% profit.Always trade with affordable risk and respect your stoplossGoodluck

This TFW wave analysis in this scenario of a 5 wave expanding diagonal structure:w.1 - completed Dec 2017w.2 - declined @ 78.6% of w.1w.3 - an impulse 5 wave @ extension 361.8% of w.1.w.4 - also @ 78.6% of w.3 ABC structure (alt count 1-2-3-4-5) overlapped w.1 zone by 10%+/-.w.5 - currently preferable ABC or 123 structure with a complex w.B/2 wave correction @ 38.2% (B wave is often complex pattern) of w.A/1. The impulse move of the current wave c.3 now extended above fibonanci 261.8% of w.a and sustaining at above level 65K USD The current price movement could be entering liquidity zone approaching the major upper trend/channel resistance and the next fibonanci wave C/3 target at 361.8% around 75-80K.Supported Indicator: weekly RSI @ 90 the highest level with convergence value - a possible higher price with a bearish divergence confirm the next move for a trend signal for reversal/decline.Bearish count scenario - daily price movement possible ABCDE triangle - minor 4-wave for a short-term correction resulted in a lower price of minor 4-wave.Always affordable risk and respect your stop.Update bullish scenario in more detail TF4H a running triangle correction in 4-wave new target 85K zone as triangle target

A possible 1-2-3 bullish pattern with an inverted h&s breakoutTarget: 162% Fibonacci extension - wma200 week +90%Entry: breakout retest wma20wSL: week low position (week candle wick) -20%RRR: 4:1

A possible pullback for a long position at the key falling wedge breakout the price also now at the key weekly support EMA50W with bullish pinbar. If successfully takes out the previous high at fibonacci 100% extension, the next target 1-2-3 pattern at 161.8% and 261.8% level +75% and +130%+weekly MACD: doubled bullish divergence at the pivot point, golden crossed and above baseline supporting the uptrend continuation when retesting the baseline.TP2 reached and extended further to 362% zone

An inverted head & shoulders breakout in weekly timeframe, possible ABC wave pattern Entry pullback trade position retracing at the inv. h&s neckline support - SMA20WTP1 - 161.8% extension +70% @ downtrend triangle resistanceTP2 - 261.8% SL - B wave lowest positionRRR: 3:1

Price action and chart pattern trading signalA potential bullish Cup&Handle with ABC correction wave pattern moving within a bull flag downtrend channel, retraced -61.8% of uptrend diagonal wave and rebounded now testing wma200 resistance. An upcoming bullish divergence is possible to support wave 5 of c leg, if breakout 200ma successfully, Entry: bull flag breakout wma50 zoneTarget: 161.8% - 200% Cup bottom shape retracement +50 - 75% upsideSL: below bull flag - 15%RRR: 3:1Always trade with affordable risk and respect your stoploss.

Wave Analysis - weekly timeframe with a possible ABC correction wave> Target: Fibonacci retracement 61.8 - 78.6% +30% upside> Entry: TFD Falling downtrend channel breakoutKey support: WMA20W - target correction zoneIndicator: RSI Week - overbought but still no signs of divergenceA possible strong B wave extended 127-162% of A wave

A bullish scenario for long-term view after a confirmed descending triangle breakout with a potential pullback entry position targeting ABC pattern at 100% - 161.8% Fib extension upper resistance of the mega bull flag.S1/S2: pullback descending triangle support / ema20w zoneT1: 100% fib extension +50% T2: 161.8% +90%Indicator: RSI week - tapping into OB area with no sign of bearish divergence.T2 reached mega bull flag resistance - possible liquidity zone locked some profit

A possible leading diagonal wave 1 or A completed with 5-3-5 pattern in July.Wave 1 extension the longest with 5 wave pattern - wave 1.3 extended, RSI bearish divergence signal between wave 1.3 - 1.5.Wave 2 retraced 61.8% of wave 1 ABC pattern.Wave 3 extended 127.2% of wave 1 - wave 3.1 the longest and 3.5 the shortest wave.Wave 4 - a falling triangle pattern retraced 50% of wave 3 exactly.Wave 5 - RSI bearish divergence confirmation, with the length of 61.8% of wave 1.Now wave 2 / B pattern ABC correction, possible a bull flag pattern.Wave A retraced 38.2% of wave 1, wave B currently rebounded testing the upper part of the uptrend channel at 30K price and dynamic resistance at wma200wA bearish momentum could continue into the bullish flag pattern targeting the Wave C at 61.8% of Wave 1/A around 21K+/- price.