First of all I want you to take a look at the volume indicator - there is the highest volume spike since the coin was listed on the exchange! This coin is currently #2 on TradingView Binance USDT list. Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline. Also we can...
Price action and chart pattern long term trading setup - catching the impulse 3rd wave extension. > ABCDE Wave ascending triangle correction during 2nd wave is one of the most powerful that generates maximum profit for traders > Possible making the final E wave before breakout > Watch out for dump & pump on the way as prolongation of the E wave. Target estimated...
Gold is currently sitting on a strong support level on the weekly chart! We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle. 200 weekly MA is considered as a very strong support by huge institutions and hedge funds. ABC correction + Wave (4) have been completed, so we can start a new impulse wave...
Pair: AUDNZD Timeframe: 4H Analysis: Round number level, trend line, volume profile, resistance, ascending triangle pattern ————-- Key Takeaway:Need a break of one of these levels ————— Level needed: Need to see price hit — ————— Trade: Neutral RISK:REWARD — SL: — TP: — ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
SNX is ready for an upcoming uptrend! On the daily / 3D chart we can spot a bullish inverse head and shoulders pattern that is very close to a breakout! The impulse Elliott wave (5-3-5-3-5) has been successfully completed and because of that I expect an ABC retracement of this bear trend to 0.618 FIB / end of the wave (4). You can set your profit target...
Interesting accumulating area that could end up being an ascending triangle bullish pattern if price closes above 307 resistance level, suggesting a long with 1.8 R/R. Bullish divergence is also seen.
Bitcoin still above the Ascending Triagle, now testing important support and resistance levels. Testing: • Bitcoin is now testing the $22.300 resistance, and trying to flip it into support • Also testing the weekly 9 MA for resistance, • the daily 50 MA for support and, • the 4H 21 MA for support. If these tests go well, we will be seeing 26k soon!
Pair: NZDCHF Timeframe: 4H Analysis: Round number level, dynamic support, ascending triangle pattern, volume profile, trend line ————-- Key Takeaway: Need to see break of the ascending triangle and alot of bearish momentum ————— Level needed: Need to see price hit 0.60145 ————— Trade: Short RISK:REWARD : 1:8 SL: -14 TP: +110 ————— DO NOT ENTER OUR SETUPS...
First of all I want you to take a look at the volume indicator - we have an elevated volume and massive buying pressure! On the daily chart we can clearly see a massive descending channel and the price is very close to so a breakout. Also we have a symmetrical triangle + 200 daily moving average, likewise very close to a breakout! Impulse Elliott Wave has...
The Bitcoin price has broken out of the Ascending Triangle. Also it broke the heavy resistance point at the $22.300. The next great resistance is on $24.550, this is the next target to watch.
FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB! We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low. My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here! If we take a look at the volume indicator, we...
Nasdaq is moving by forming a triangle pattern . 12180 is the resistance now. Nasdaq will test 11600 and then moves towards Resistance. Buy above 12180
On the daily chart the price is printing an inverse head and shoulders that is currently breaking out! Also we have a huge descending parallel channel, so be careful, because there is always a possibility that we will be rejected at the top of the channel. As per my Elliott wave analysis - the ABC retracement should be completed (ZigZag 5-3-5) and now we...
This altcoins has an amazing trade setup for bulls! On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout. As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now. On the log scale the price is printing an descending channel and this is a...
PRICE ACTION: • In an uptrend, price action finds first resistance (1), which will the horizontal resistance for the rest of the pattern formation, where it reverse direction goes downwards till finding first support (2), which will be the lowest low in the pattern. • Price action reverse direction from support (2) and goes upwards, till finding the second...
IF you are an Elliott wave trader, you have to confirm that this is a valid EW count. As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021. On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our...
It seems like the Ascending Triangle is still in play on the dayly chart. If it plays out, we could see the price of Bitocoin pump to the 25K target. There is heavy support and resistance between 22.300 and 24.550, so if the price breaks through and reach the 25K target, this could potentially mark the end of the downside pressure.
Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart. Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend. We have a broadening wedge / descending channel, which are usually both bullish patterns. Also the price is printing a local ascending triangle in the...