Cryptocurrency Elliott Wave Blog!
BTC, ETH, BNB, XRP, ADA, DOT, AAVE, LINK, DOGE, XMR, NEO, THETA, TRX, UNI, VET

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November 2022
Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - verall XMR is continuing to rise, but since the price structure is still in the first wave in an uptrend then the price still has a chance to correct in the second wave. Moreover, the price is below the MA200 and MA50 lines, still pressured by selling pressure. Trades should wait for the correction to complete in the second wave.
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Elliott Wave charts by Kittiampon Somboonsod 4 Hour decrease in wave Y but must not fall below 879 Wave Cancel invalid Level: 879 Daily - The rise of wave 1, upon completion, the price will reverse in wave 2, but must not reverse below 1071.11 Wave Cancel invalid Level: 1071.11
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Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - The structure in the larger image is reduced with a double corrective pattern in the lower (Y) wave, but because the internal sub-wave of the wave is not yet complete. Overall, there is a chance that the rate will continue to decrease.
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Elliott Wave charts by Kittiampon Somboonsod 4 Hour and Daily - Bitcoin price continues to be under heavy selling pressure, below the MA200 MA50, indicating a strong downtrend. The wave oscillator is below the zero line with decreasing momentum. but even so, The bullish divergence is showing signs of reversal, so overall Bitcoin price is likely to reverse again. And the price is expected to trade above 21437, but not reverse below 15479.
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