Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
There is a high chance that NYSE:BABA (and other Chinese stocks) has not bottomed and will make a new low, because 1) the rally so far has been 3 waves (zigzag), 2) RSI divergence of the lows on daily need to be erased, 3) recent rally got rejected at 200MA If the drop breaks below 77, I'm quite sure a new low will happen NASDAQ:JD NASDAQ:BIDU AMEX:FXI TVC:HSI
FX:EURUSD is facing strong support at 1.0600. A rebound and counter-trend correction within the downtrend is forming. Traders are waiting for Friday's NFP Globally, the currency pair is in a bear market phase. There is a strong struggle for the 1.0700 area, especially ahead of Non Farm Payrolls, which may determine the medium-term outlook. Traders expect the...
FET is in a strong uptrend, that is confirmed. Now the question is, how far can FET go in 2024? I would say a 15x profit is definitely possible. We can see that the price of FET is inside the ascending parallel channel on the weekly chart. Also, the previous impulse wave + corrective pattern are complete. This is huge guys, if you want a reliable investment, then...
Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market...
Hello Traders, It has been more than 5 months from my last posted ideas. How do you do? Let Enjoy Gold Roller Coaster Ride!
A leading diagonal has absorbed all the previous attempts to spot downward impulse waves on minute timeframes. Most likely we are in for a small bounce or sideways action before the plunge. Since I am expecting an expanding diagonal, I label subwaves as nested abc zigzag within wxy double zigzag. I have a rule that expanding diagonals can be made of double...
First technical analysis. DUSK looks absolutely great! We have a pretty long bullish accumulation of whales, which you can see in the rectangular pattern. Usually, whales need to accumulate a lot of coins / contracts before they send a coin to the moon. What is positive is the Elliott Wave outlook. My EW count suggests that the WXYXZ complex correction has been...
The price of INJ is at the top of the parallel channel on the weekly chart. This is probably not the best time to buy INJ, I would wait a for a small pullback. Rather buy INJ in March / April and buy some other coins because INJ is going to go sideways. From the Elliott Wave perspective, we are waiting for the final wave (5). We are in wave (4). Let me know what...
TRX is going higher on the weekly chart. We have a reliable uptrend without any issues, and the trend should continue in the next few weeks. On the chart, you can see a descending triangle that broke bullishly. What does it mean? Usually, when a descending triangle breaks bullishly, we want to buy it with a profit target at the top of the triangle, which is at...
The CKB coin looks very promising for the upcoming bull market. On the weekly chart, we have a falling wedge, bullish reversal pattern that is currently breaking out! It's always important to take a look at the volume indicator when it comes to breakouts. The bullish volume is extremely high, which confirms my bullish bias. From the Elliott Wave perspective, we...
Technical analysis JASMY is breaking out of the symmetrical range after 520 days. It has been a long time, and this coin can make a 545% profit in a few weeks or days. It's best to buy the coin right now. Sometimes pumps are very fast and steep. I am expecting a strong Elliott Wave impulse wave to happen in the immediate short term. Let me know what you think...
Neo is a ticking bomb because whales have been accumulating, which can be seen on the chart. We have a pretty long accumulation zone, and once it breaks, we can expect a Tremendeus pump. You want to buy NEO Lower, wait for a breakout, or just wait for my next analysis, and I will notify you, so make sure you follow my account. From the Elliott Wave perspective, we...
ARPA is looking really good on the major timeframe. We have a breakout of the local small parallel channel and the volume last year was pretty strong. 25x is possible on this coin in 2024. Take profit at the top of the parallel channel or 1:1 FIB extension (LOG). It looks like the pump is starting, so it is time to buy if you are interested in this coin. Let me...
Gold need to "retrace" to 2050 +/- ( monthly order block PLUS ++ Bcos wave (c) Red have 3,3,3,.. wave structure . So it's an expanding ending diagonal wave structure!