Shortsignal
Atari forecast in next couple of daysThis analyse used Fibonacci and my indicator call "Min_equity_Thesis_indicator" in Public library of Trading View.
I estimated the way of the Atari over the next day. In fact Atari with its new crypto strategy will go up in long term.
But in Short term my signal is short with a target price of 0.60.
If you have any comment, let me know.
Short term analysis [4hr tf] analysis for Cardano- SELL OFF!Cardano made a high of 0.00009180 BTC on Jan 4 2018 and has been selling off since then. Wave W of an Elliot wave cycle is believed to have finished and is labelled wave w(in red).So far, the sell off in Cardano is shaping up as a WXY Elliot Wave structure, and we are in Wave Y of the WXY structure.
Also shown on this chart is the long term trendline of Cardano which is also present on the Daily tf. Closing below this trendline is another reason to believe that the sell off will continue in Cardano.
The blue lines marked on the chart show the area that support naturally exists for Cardano i.e. between 0.00002621 and 0.00002178.
Wave Y also = 100% Wave W at ~ 0.00002768. This is indicated by the orange line on the chart. The 100% projection of Wave Y based on wave W is an acceptable projection for a WXY structure. Therefore this increases the chance that the sell off in Cardano will target this support area.
Support Break with High Volume !If she manages to break out of this $30 support level with good volume, you will probably see it come down to the $26 Previous support level. It is a good opportunity for a short if it manages to fall through $30. price is probably headed to test the 200 EMA so make sure you take some profits into strength if you enter trade.