Hello Crypto traders and investors! Today we will talk about cryptocurrency Origin Protocol (OGNUSD), in which we see quite interesting bounce after we noticed a completed A-B-C correction from all-time highs. Origin is a protocol for creating sharing economy marketplaces using the Ethereum blockchain and IPFS. It empowers developers and businesses to build...
Hello traders! Today we want to update our USDJPY chart from January 2021, when we mentioned and highlighted the bottom and bullish reversal with ending diagonal (wedge) pattern and weekly bullish engulfing candlestick formation. As you can see on the left, since then USDJPY is in massive and impulsive weekly rally within a five-wave cycle, where we are tracking...
Hello traders and investors! Today we want to update our AUDJPY chart from February 10, which is moving nicely higher as expected after we noticed a bullish running triangle formation in wave (B). As you can see, AUDJPY is now in the strong rise, but it's also approaching projected 88-92 target area for wave (C). However, wave (C) is a motive wave and it should...
Hello traders and investors! Today we will talk about Bitcoin, its price action from technical point of view and wave structure from Elliott Wave perspective. With US stocks in risk-off mode it's hard to be bullish on BTC, especially when we see a sideways consolidation, which is usually a corrective movement within downtrend. In fact, price action since end of...
Hello traders and investors! Today we will talk about gold, its price action from technical point of view and wave structure from Elliott Wave perspective. Gold is coming sharply to the upside as a "safe haven" asset based on the latest US-Russia tensions. Higher inflation is also one of the reasons for higher metals. We see gold breaking out of wave (IV)...
Hello Crypto traders and investors! We are pretty sure you are wondering when it's time to buy cryptocurrencies again. Well, Cryptos are still trading in a bigger sideways correction, which we see it as an A-B-C flat formation, especially if we take a look on shitcoin index, where we see quite clear Elliott Wave Pattern, called 3-3-5 flat correction. A 3-3-5...
Hello traders! Today we will talk about AUDJPY pair and its price action from technical point of view and wave structure from Elliott Wave perspective. AUDJPY is in a sideways consolidation since May 2021 and looks like a triangle pattern. Triangles are continuation patterns, which consist of five waves A-B-C-D-E and with current break above upper triangle line,...
Hello traders and investors! Today we will talk about DAX and its positive correlation with EURUSD, as we see them approaching some interesting support levels. Since March 2020, we can see DAX and EURUSD moving together most of the time, the only difference is that stocks are much stronger, however, as soon as we see stocks slowing down, even EURUSD comes...
Hello traders and investors! We want to update our silver chart from December 20 2021, where we mentioned and highlighted about that bigger ending diagonal pattern within wave C of a bigger A-B-C irregular flat correction. As you can see, we are still moving within final wave "v" of C, which should be finished in three legs (a)-(b)-(c) and after recent...
Hello traders! Today we will talk about Cable (GBPUSD) in which we see quite clear bullish development from Elliott Wave perspective. As you can see, Cable made only a three-wave A-B-C decline since June 2021 highs, nicely connected within channel range and with equality measurement of waves A=C. It clearly indicates for a higher degree wave IV correction,...
Hello traders! Today we will talk about USDMXN pair, in which we see quite clear bearish pattern from Elliott wave perspective. Looking at the daily chart, we can see a nice three-wave W-X-Y corrective rally within a higher degree wave (IV) and correction looks to be completed after recent sharp decline, which looks to be unfolding five waves down from the highs...
Hello Crypto traders! Today we will talk about cryptocurrency YFI in which we see pretty clear bullish formation, at least for a short period of time. Crypto market is bearish in general and most of ALTcoins are still looking lower, but YFI is currently one of the strongest and we can already see it turning nicely up with five waves after a completed big...
Hello traders and investors! We want to update our silver chart from October 26th, where we are still tracking a bigger A-B-C irregular/expanded flat correction and wave C seems to be still in progress, ideally as an ending diagonal (wedge) pattern. The ending diagonal a.k.a. wedge pattern is a special type of wave that occurs in wave 5 of an impulse, or wave C...
Hello traders! EURGBP is coming higher for the last few weeks, after the pair moved to the lower side of a big 2016-2020 range. Notice that pair is coming higher after a five-wave drop on a daily chart where we see a bottom formation because of a wedge pattern in a fifth wave. Wedge, or ending diagonal, is a special type of a pattern that has a slow and choppy...
A perfect set up is being displayed in the AUD/USD chart The set up started more than a year ago in July 2020. Forming a head and shoulder with almost identical shoulders. Everything in the set up has been going perfectly, this pattern is also obvious in the weekly chart. It is typical for the bars to re-test the neckline which adds more credibility to the...
Starting this year, a declining channel has been set up as seen by the maroon coloured lines. In Dec, we broke below this channel displaying a more bearish sentiment. A very strong support lies around 1.31836, this is a multi-year support/resistance from 2017,2018, 2019 & 2020 Firstly a retest and rejection of the channel will be a great first indication of...
Hello Crypto traders! Today we will talk about Litecoin (LTCUSD), its price action from technical point of view and wave structure from Elliott Wave perspective. LTCUSD sharply declined in May, which we see it as part of a leading diagonal in wave A, but it can be also counted as a five-wave impulse from the highs. Anyway, the most important is recent recovery...
Hello traders and investors! Today we will talk about COINBASE, its price action from technical point of view and wave structure from Elliott Wave perspective. When COINBASE was listed back in April, we have seen a massive decline by five waves, which in Elliott Wave theory suggest first leg "a". At the same time, Crypto market was also down. Well, from May lows...