$FTM breakout is imminent [here is why] A breakout out of the price channel is expected in the coming hours. There also chances we have peaked in a wave 3 and a pullback in a wave 4 is imminent. #FTM #Ftmusdt #fantom
$GRT PULLBACK IS IMMINENT [HERE IS WHY] GET READY NOW
#GRT📈 is rejecting at a key area of resistance at $0.1882 after we peaked in an Elliot wave count 3. I expect a pullback in a wave 4. Targets lie between $0.1715-$0.1652.
$GALA is attempting a break of resistance at $0.01848. A break above $0.01848 will be super bullish having $0.022 as the next targets. In case of a rejection at $0.01848 watch for a breakdown move to support at $0.01574.
$FET is holding support on the blue target area between $1.213-$1.0. This is a breakdown move in wave 4, which could have already bottomed, suggesting that soon we can easily bounce in wave 5. On loosing the blue target area that will invalidate the Elliot wave which can result to a total breakdown move to reset the lower made on the 5th of August.
$MATIC is breaking down ahead of it's delisting and transition to POL. #MATIC✅ is slightly holding support at $0.3987. On loosing $0.3987 watch for a deeper retrace to $0.3354 to get a reset of the lows we made on the fifth of August. In case we lose support at $0.32 then I will be watching for new bear market lows.
$FTM is breaking down in an Elliot wave Count 2 after an impulsive bounce in a wave 1 making a high above $0.5360. Elliot wave 2 are corrective waves. Target lie between $0.3966-$0.3639.
On holding within that target area expect an impulsive bounce in a wave 3, which get #FTM back above $0.60.
$ENA breakdown moves continues and now seems to be on the verge of creating a new lower lower. $0.219 is the last line of support to hold. On loosing that watch for a breakdown move to new lows. On the long term we still have a chance of a strong recovery back above the $1.0 mark.
$ETH is breaking down and is holding within this parallel channel. #eth is slightly holding above the mid range of the channel at $2500 which is support.
On loosing $2500 watch for a breakdown move to the channels lows at $2411. On holding $2400 watch for a bounce to the upper side of the channel with a possible breakout to the upside.
In case of a breakdown move breaking through support at $2411 watch for a deeper retrace to $2300 which is support.
$BTC is breaking down after rejecting at the top of this descending channel. There is a chance of a breakdown move to the mid range of the channel at $57.8k, which should hold as support. On loosing $57.8k watch for a deeper retrace to lower side of the channel below $57k where we can find support. A break to the lower side of the channel will be bearish having $55k as the next targets.