lemonsandshade

Looking at the correction and fib levels it seems likely and most probably we get correction for couple more weeks until Nov 1st. This could coincide with BTC forming a bottom before the next big waves up.

Closing above cloud. Looks like the trend should resume up.

Looks like a 5 wave down correction is getting finished right now. IF so then FLR and rest of alts should be bouncing hard soon. Will look to reevaluate next week.

Looking at weekly and monthly timeframes a solid buying area now would be $80 to $120 zone. The thing is if a long of people expect it to correct it might not go that low but if it does that would be a reloading spot before the next leg up.

Had a scary scam wick on Friday but if you zoom out on chart it appears XRP is doing an Elliott Wave Running Flat type correction on weekly chart. We are still above the ichi cloud and the price action is resting around the .618 fib level at the moment. As long as we hold this area the next couple of weeks I would expect an impulse back up.

If you extend the fib out of the recent impulse being wave 1 then correction, I get a pivot target area of $150k. How it reacts around this area will tell us i think if that is a local top or if there is more room to grow.

I am projecting a 50% move coming soon for Flare. 1 hour chart shows price action stalling around .618 fib level so I think we are about to bounce and move back up as soon as this weekend or next week.

Zec had a great run recently and hit a major fib number fast. Now looking for healthy retrace and correction to $90 zone before next blast up to higher fib numbers.

Looks like a cup and handle on the weekly is playing out. If you take the length of the bottom of the cup and add on top I get $4.20.

Taking another look at this with fresh eyes and its above ichih cloud and the large impulse did correct to .618 level so should keep an open mind it might be up only for a while on SOL.