XAUUSD is on its final leg of leading diagonal pattern in wave (A)(Green). Waiting for confirmation in next idea for confirmed stop lost level before shorting.
Hello friends In Ripple digital currency we see a clear triangle. Triangles are usually seen in wave B or 4. Therefore, taking into account these two theories, we make a trading plan. Triangles are always followed by a trend reversal (even a limited one). Therefore, to complete this triangle, we first need a price rise to the 0.5700 range to complete the triangle,...
Price action since 13 April low has been a hot mess, with an impulse wave tucked weirdly in the middle... I think an Elliott Triangle Wave is most appropriate here. This bearish count presents an opportunity if ETHUSD stays below 3221.36. Wave (5) would approach but not break below 2189.13 to complete a leading diagonal ((1)) or A wave from high of 4090.44.
Hello friends In AMD share, we see the formation of a pattern in the form of 123 or ABC. But due to the breaking of the $162 range, which was a static resistance, and a pullback to it, the formation of an impulse pattern seems more likely. Therefore, assuming a 5-wave scenario, probably the 4th wave has ended and the 5th microwave has started from the...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
DOT seems to be finalizing it's wave (2) of the alleged main motive wave that was started back in Oct2023. I expect one last dip before the impulsive wave (3) starts. Getting in the green area would be a good buying opportunity in my opinion. The best stoploss would be under Oct2023 bottom but breaking the red line seems like a good close stop-loss. passing the...
At the moment I believe we are in a long term wave 4 within an overall wave 3. However this could be a very long re-accumulation stage before we hit wave 5 which will be insanely high. An ambitious end to this wave could be a dump/spring to 2075 (cannot go below wave 1) before it shoots up and my wave 5 prediction can reach fib levels of 1.618 @ 8648 or 2.618 @...
And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...
It's not yet clear if the correction is over or not. Price is currently testing strong gray resistance. I'll consider the bullish trend is back once we break the purple level. The lack of RSI divergence still gives us a decent possibility that one more leg down is due.
Cosmos (ATOM) has been in a bearish trend since early 2022. I believe it should complete this bearish triangle before visiting the ~$4.5 area for the last time. If my counting is accurate then it should target a new all time high in the future.
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
📉 BTC-USDT with Elliot Wave Theory Analysis 📈 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE...
Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential. 👍 TRBUSDT 👍SOLUSDT If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place: 👍 RUNEUSDT 👍 BNBUSDT BNB is looking strong, it's likely we'll see a new ATH...
Disclaimer: I don't have a fundamental basis to actually believe in this scenario, but what I see on the chart I see on the chart. With that out of the way, the shown scenario of an impulse followed by a rather big flat correction, which might be done now, would be extremely bullish, since it would suggest new all time highs (that would be a 13x from here at...
Gold is close to its final high at just under which should be in a range of 2505$ to 2646$. Theoretically, a target of $2915 would still be open on the upside in the gray (y). However, this does not fit into the sub-waves and would require a significant correction beforehand. If the range between 2505$ and 2646$ is the final high, a correction to the range between...
Possible wave 4 of C is in progress and should soon complete. Wave 5 of C is the last leg down and will probably reach the 1.618 Fibonacci level before the market shift up. Good LUck
#DYOR This is by no means a financial advice, rather it's my own personal opinion regarding the ETH/USD outlook that I expect to play out in the coming week.
It is interesting to study the Production/Accumulation/Distribution/Industrial Demand as well. Silver seems to hit a breaching point where physical prices have a premium about +45% for buying it and +20% for selling pure silver bullion coins. Troy oz./oz. is about 1.10, which should reflect a recomended trading price of 25.4$ per troy oune. Anybody able to buy at...