I analyzed the #XRP chart a few days ago, and my thoughts remain the same as back then.
Currently, after the short-term correction (ABC) has taken place, an upward pattern has emerged. Although I can’t say with 100% certainty that it will rise, I believe it’s likely.
For those holding spot positions, now is the time to hold on and wait until the right buying opportunity arises.
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ADA has been undergoing a prolonged correction phase and, in many ways, has shown a classic pattern in its movements.
It seems that ADA completed the first ABCDE impulse wave with Wave 1 and, after an ABC correction, formed the 3-1 wave as another ABCDE structure.
While we might see some short-term correction at the current level, the important point is that the chart is showing signs of a potential #upward trend.
For those who have patiently waited on ADA for a long time, this could be promising news.
I’ll continue to monitor and analyze the chart closely.
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Looking at the daily chart I posted previously, I believe we’re nearing the end of a wave cycle. Naturally, after some correction, another major upward movement will likely follow.
In the short term, I’m considering two scenarios:
1. The first is a wedge pattern. In this case, we could see a moderate decline before a rise.
2. The second scenario continues the trend, creating a final fifth wave with upward movement.
The common factor in both views is a #bullish outlook.
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The previous chart is no longer available, and we now have a new chart to track. Despite once reaching $2, the coin has been in a continuous decline.
Polygon saw rapid growth through the NFT market and DeFi. Observing the current state, it seems that the correction phase might be nearing an end.
Analyzing the chart, we see that over the past few months, the price has dropped from $0.43 to $0.23. The recent upward movement appears to be forming an impulse wave. While it's uncertain if this is indeed an impulse, the possibility looks promising.
I hope those holding Polygon Ecosystem coins will gain profits in this bull market. I believe there will be a strong upward movement at some point.
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#Solar Coin has been experiencing a strong short-term rise over the past two days.
As Uniswap’s coin increases, Solar Coin is also following this upward trend. It appears that coins used primarily for transactions via swaps are seeing gains.
Currently, Solar Coin’s chart has not yet formed an impulse wave.
For a more robust upward trend, an ABCDE wave formation should ideally complete before further rise. A sharp increase from this position could also lead to a substantial correction.
For Solar Coin, it might be wise to approach with some caution.
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However, a correction phase can occur after any rise. I’m uncertain whether we’ll see a definite correction at this point, given the strong upward momentum.
Still, for those following Elliott Wave theory, a correction is likely to be expected here. If it happens, this would mark the fourth wave.
Because the depth of the second wave correction was significant, there’s a high possibility the fourth wave correction will be brief.
The real bull market will only begin once Bitcoin surpasses $80,000. It’s still a bit early to call this a full-fledged bull market, but it’s a good time to enjoy the current momentum.
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Currently, alongside Bitcoin’s rise, most altcoins that hadn’t seen much movement are now rallying together.
Meanwhile, some coins, like #Doge and #Solana , are seeing even greater increases.
So, will altcoins continue to rise significantly tomorrow as well? Can we expect that much new capital to flow in immediately? I don’t think so.
Certainly, altcoins could continue to rise for a few days. If Bitcoin keeps rising without any correction, this could happen, but someone still needs to buy in.
That’s why I believe a rotation will soon take place.
Only certain coins will continue to rise in this upcoming phase. Keeping this in mind, we should be selective and careful in buying altcoins right now.
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#Ethereum’s chart was relatively easy to analyze until mid-2022. I felt it was moving in a very classic pattern.
However, now it’s more challenging due to various scenarios. So, I’ve prepared two scenarios.
The first scenario suggests a triangular consolidation pattern. If this happens, it will likely take a long time for a significant rise. For that reason, I hope this scenario doesn’t play out, and I’m keeping it as a backup plan.
The second scenario assumes an unexpectedly short wave 2 (correction wave). If this is the case, a quicker rise might be possible. Both scenarios are bullish in the long term.
But to see a quicker rally, I hope it plays out like the second scenario.
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#Chainlink started rising from what I thought was the bottom yesterday.
Fortunately, as Bitcoin rallied significantly, I could confirm that there’s enough volume and momentum for LINK to follow.
This is the same chart analysis image I posted yesterday, but with a simple finger icon added. I believe Chainlink will rise even more significantly.
Having waited this long, it should now show an even better price performance.
If we see another ABC wave and complete the entire impulse wave, I expect a big rally after a short correction.
And yesterday, someone commented that they would be liquidated if the price fell below $9. I had said it shouldn’t drop below $9.2 for the scenario to hold.
I hope that person is trading happily now.
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Fortunately, after posting the previous ARK chart analysis, a rebound occurred at that level.
I was slightly concerned, but an upward move has happened, and the chart still shows an upward trend. The trading volume has been strong up until yesterday.
However, all coins experience both rises and corrections.
I believe it should follow the path of the orange line for a correction, which could lead to a larger upward move.
Looking at a bigger rise, a substantial correction would definitely be necessary.
So far, ARK’s chart is looking very clear.
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As noted in my previous chart analysis, ID Coin has formed an impulse wave followed by a correction.
Although the current price has declined, I believe that if trading volume increases, it could provide sufficient upward momentum. Here are some simple reasons supporting a potential rise:
1. Bitcoin’s uptrend
2. Formation of an impulse wave
3. Increase in trading volume
With these factors, I believe a rise is quite possible.
Of course, if Bitcoin declines, all scenarios will become invalid.
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It appears to be moving in line with the first pattern from the chart I posted last time. Currently, most coins are showing positive trends. #Solar Coin, for instance, is up 10% today.
If this trend continues, there is a possibility that it will rise above the previous high of $0.367.
However, the stop-loss level should naturally be set at $0.233.
As long as it doesn't reach the stop-loss price, we should conside r an upward move toward the target price of $0.367.
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After a prolonged decline, SC coin has rebounded around the $0.0034 level, forming an impulse wave. The ending point of this impulse wave is around $0.0056.
It took a long time to form a single impulse wave. The correction phase appears to follow a 5-3-5 (ABC) wave structure. Although the B wave seems unusually short, the preparation for an upward move seems to be complete.
From now on, it will be essential to monitor the trading volume and any positive news that may emerge. The price is at a pivotal point, and I believe that, with a bit more patience, we could see it enter an upward trend.
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Chainlink has broken below the anticipated $10.2 level, which has altered my initial scenario. Although the change isn’t major, it does look like more time will be needed before an upward move.
The good news is that the price hasn’t fallen below the B wave level. There’s a possibility we’ll see a sequence of five ABC waves. If we see another ABC wave at this point, I’ll consider it a sign that LINK is fully primed for an upward move.
A bit more patience may lead to a strong performance ahead.
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