The price of ETH is moving into brutal resistance, and the bears are waiting patiently to shutdown ETH to lower levels!
It's going to be very extreme because the resistance is huge! I will tell you why in this analysis.
It's the previous structure's POC + 0.618 FIB + the previous trendline's breakout level + the start of the GAP.
As per my Elliott Wave...
We have an amazing bullish rectangle pattern on the daily chart that is currently breaking out!
If we take a look at the volume indicator, we can see that bullish volume is now the highest during this breakout.
You can buy SWASH right now, because the structure is already broken and the price can basically explode anytime soon. This is definitely a great...
We are living in the digital age, and we require digital money like Bitcoin. Shiny metal is beautiful, of course, but the internet is currently up and running.
I remember the peak on gold in 2020, when the coin stores were full of people and there were big queues in front of the stores full of retail investors.
It's not looking good for gold at all; another...
The Alt Season is around the corner, I can see it on this chart! It's not a question of if it will happen, but when it will happen.
The lighting network is not supported by major exchanges because they don't want it and it's not in their business plan (as per the statement). This is, at this moment, very positive for altcoins.
It's really important to pick...
The trend is clearly descending and there is absolutely no sign of a trend reversal at this moment. The bears are extremely strong and I don't see any hope for a greater bullish price action.
However, we can definitely experience a relief rally back to 21300 USDT and even break the trendline temporarily, where everyone can get caught like a deer in the...
This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart.
There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this...
On the weekly chart, gold is very close to a massive crash. I think the bulls have no power here and I don't even want to see a huge red candle.
As you can see on the chart, there is a rectangle consolidation pattern with multiple touchpoints and also an ascending parallel channel that is currently breaking down!
Next target is 1370 USD, and I think we will...
Hmm, the situation is grave indeed. Maybe a change of plan is needed!
On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout.
This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third...
You cannot make money on ADA at this moment, because the downtrend is extremely strong and it's going to be even worse later this year!
Don't get me wrong, I think ADA is a great altcoin, but if you bought the top, you are too late for the party.
The market structure is insanely bearish and we have a descending triangle on the daily chart that will break...
On the daily/3D chart, we have a pretty strong bearish downtrend. We just hit a brand new low a few days ago, so it's really not looking good at all.
We can spot a triple bottom, which is usually a sign of a descending triangle pattern or a rectangle continuation pattern. There is a lot of liquidity below this level and the market usually comes for the stop...
Bitcoin is still a very weak asset, compared to altcoins or the stock market index.
As per my technical analysis, bitcoin's dominance should go down to the previous swing low established in 2018. You can bet there will be a bounce, but the question is, how big is the bounce going to be?
As you can see on the chart, the ABCDE pattern has been completed, which...
According to the previous analysis, after the immediate uptrend line was broken, the decline continued and reached the first tp level.
Now GBPCAD in a bearish impulse, we'll wait for the pattern to formed and break down
The 14-month consolidation period has ended; it was truly an endless period of price action, but nothing lasts forever!
ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend.
According to my Elliott Wave analysis, we are now in the 3rd wave and this could be huge!
Bitcoin Lightning network...
For a confirmation trade, buy a breakout above 6.41 USDT, which I strongly advise you to do here!
As per my Elliott Wave analysis, the huge impulse wave has been finished successfully and now we are ready for a bullish retracement.
As you can see on the chart, we have a local base (rectangle pattern) and this is something i like to see!
The last trendline of...
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern.
This is a fantastic buying opportunity when combined with a local ascending triangle!
My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement.
My main profit target is at the previous...
CHESS is completely ready for a massive uptrend!
A 1-year trendline is breaking out on the LOG scale, which is always nice to see.
Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump.
If we take a look at the volume indicator, we can see elevated bullish volume, so another great...
We have a local bullish rectangle / base and if the bulls can break this level, then I expect a massive uptrend!
Also, on the daily chart we can spot a huge descending channel / falling wedge and I think it's the right time for a breakout.
An impulse Elliott Wave has finished, so I expect an ABC retracement.
Profit taget 1 is on top of the trendline + wave...
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...
