A potential wave scenario for the development of USDT Dominance. With the completion of E, I expect the price of Dominance to decrease. You must be patient until the final approval.
The USDJPY rally has a bit more gas in the tank than we first thought. But the 5 wave impulse that we were tracking is developing nicely, and still appears to be running out of steam. Here is our updated analysis on the lower time frames: we have a 5 wave impulse that is nearing completion (at multiple wave degrees). And even better: what pattern appears to be...
Price action and chart pattern trading > Wave projection ABC sideway uptrend with reversal pattern breaking out SMA50 resistance zone > Target @ upper main channel resistance zone if breakout SMA50 Indicator: > RSI TF4H breakout MA line above 60 > MACD golden cross above baseline > Supertrend pivot point reversal for uptrend > CDC action zone uptrend ribbon...
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BITCOIN is unfolding a new low before it makes a more significant upward corrective move! The wave structure of significant upward movement after making a new low will determine the longer-term journey of BITCOIN! DISCLAIMER This is not an investment advice. Please do your own research and analysis while doing the investment.
Price action and chart pattern trading > Ending diagonal pattern with possible upcoming wave channel triangle breakout > Possible upcoming Inverted Head & Shoulders > Indicator: RSI / MACD bullish divergence indicating ending diagonal final wave 5 downtrend > Entry @ triangle breakout > Target @ Previous 1-wave + 75% upside > Stoploss @ 3-wave Head position -25%...
Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave and algo technical analysis on a daily basis for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. Our counts are not drawn subjectively but backed by solid algo trading evidence. We...
After confirming the break of the resistance level136.60, the price forms Elliott waves in a perfect way, the correction waves ABC are almost finished, and the bullish trend is still dominant in the market, which confirms the idea of buying. LIKE AND SUBSCRIBE FOR MORE DAILY SIGNALS
19.2k-17.5k for max pain capitulation on this downtrend. good buy zone for spot long-term portfolio ~16k-23.5k taking into account feasible scenarios of could go. Though,16k-17k will put BTC literally down to the wire of max pain, and maybe create a generational bottom. w/ institutions being more public in their interest w/ BTC I suspect more ranging for a long...
Follow the expected wave scenario for GBPUSD movements 4 hours After breaking 2175 Continuation of the negative outlook after the formation of the new bottom LL and a return to test 2110 with negative momentum RSI <50 With the awaited bearish reversal, the chances of the decline increase to complete the fifth descending wave, by surpassing the bottom of 1.1933
USDJPY has seen an impressive rally from the lows in late May. But there are cracks in the armor: we see strong momentum divergences in both the MACD and the RSI. We also have a nearly complete 5 wave sequence (the wave count inside the circles), with a triangle as wave ((4)). This is very telling from an Elliott Wave point of view. Why? The triangle pattern...
Price action and chart pattern trading setup > Bullish flag pattern - possible final uptrend wave to complete ABC correction of intermediate 4-wave. > Entry @ bullish flag breakout > Target @ SMA50 zone / 1.0 extension of A-wave + 15 - 20% upside > Stoploss @ flag lower support - 5 - 6% downside > RRR: 3:1 Always trade with affordable risk and respect your stoploss
It is completing wave 4 of the middle level and soon the price will decrease in the direction of the main trend.
Weekly update with my long-term scenario... It looks short-term bearish, but it is the best scenario for long-term bulls according to Elliott waves! It has a gap fill in the low 20s, and then a wave (c) super cycle will start. As you see on the side there is a gap of volume below 35 and then a huge amount of volume from 10s-20s, I am not saying we will go there,...
Based on my analysis on a higher timeframe, the monthly timeframe to be precise. Overall, we are in an expanding correction and price as being respecting since market went into a correction phase. Last week, we saw price drop of about 5.04% and we probably had a rough week because was NFP week. Right now, we are in the last fifth wave of micro wave C ending the...
Price action and chart pattern trading > Impulse uptrend with bullish flag corrective pattern - possible uptrend completing major 4-wave > Target @SMA50 zone +10-12% upside > Stoploss @ bullish flag low support - 4-5% downside > RRR: 1.5-2:1 Always trade with affordable risk and respect your stoploss
Price action and chart pattern trading > Inverted head & shoulders upcoming breakout for uptrend 4-wave, estimated retracement 0.382 retracement zone of previous 3-wave and is exactly equal to the Inverted H&S Target > Key resistance at downtrend upper channel resistance > Indicator: RSI bullish above 60 and MA line > Entry @ H&S breakout > Stoploss @ right...
Hi everyone Today, according to the xau/btc chart, I decided to share this idea. I saw another sign from the ETH/BTC chart about the positive trend of Bitcoin, which I will also share in the comments section.