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Elliott Wave

XRP - 1H Elliott Wave Analysis - 21.08.25Welcome back to another XRP update. The bullish count is still valid. Today we gonna look on the potential count on a lower timeframe. We did retrace deep into our Wave 2 support area that we had on the chart in the last analysis already but it is still valid. From the support area we saw a bounce which we count as either green 1 or yellow A Wave followed be a retracement in either the green 2 or yellow B. Currently we are looking for a bounce in the green Wave 3 or as the yellow Wave C. The support area for this green impulse or yellow ABC is between the 0.382 FIB at 2.9227 USD and the 0.886 FIB at 2.8374 USD which cuts into our other support area. The targets for the yellow Wave C or the green Wave 3 would be the 1 to 1 FIB at 3.0545 USD, the 1.236 FIB at 3.0949 USD, the 1.382 FIB at 3.1199 USD and the 1.618 FIB at 3.1603 USD. We think the 1.382 FIB is the most likely but for the green count we would like to see the 1.618 FIB get hit. We do think the yellow ABC has a higher probability compared to the green count because the bounce from our last low during the 21th of August looks rather corrective than impulsive. Be aware that if we break the 0.886 FIB at 2.7957 USD of the Wave 2 support area we are looking for a deeper retracement which would take us to 2.52 USD or even lower. In this scenario we would need to count the move up that we started in April as a diagonal or even some corrective structure to the upside. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Bitcoin Short Setup _ Short-termBitcoin ( BINANCE:BTCUSDT ) has managed to break the Support zone($114,720-$113,570)/Now=Resistance zone and 50_EMA(Daily) , as I expected in the previous idea . And now it seems that Bitcoin is completing a pullback . Also, on the 1-hour time frame , if you look closely, Bitcoin seems to be moving inside a descending channel . In terms of Elliott wave theory , Bitcoin seems to be completing microwave 4 of the main wave 3 , so that microwave 4 could have an Expanding Flat structure(ABC/3-3-5) . I expect Bitcoin to drop to at least $112,640 after completing the pullback ( microwave 4 of the main wave 3 ). Second Target: $112,323 Cumulative Short Liquidation Leverage: $116,755-$115,778 Cumulative Short Liquidation Leverage: $114,500-$114,077 Cumulative Long Liquidation Leverage: $112,615-$111,743 Note: From today until Friday, important indexes will be released from the US, which can create excitement in financial markets, especially crypto, and even change the market trend when released. Note: Most likely, after Bitcoin touches the Heavy Support zone($111,980-$105,820) and 100_SMA(Daily), we should wait for Bitcoin to bounce back (you might be able to look for a long position trigger in that zone). Note: Stop Loss(SL): $114,823 Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 15-minute time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
36
API3 Breaks Resistance – Is the Next Bullish Wave Coming?The listing news of API3 ( BINANCE:API3USDT ) on South Korea’s major exchange Upbit has boosted interest in the project. Starting from August 19, 2025, API3 will be available for trading on both KRW and USDT markets . Reason for the surge : Being listed on one of the largest Korean exchanges not only brings more liquidity to API3 but also increases investor attention towards Web3-focused infrastructure and decentralized APIs. API3 is a project designed to provide decentralized APIs for Web3 applications , aiming to give dApps secure and cost-effective access to real-world data without centralized intermediaries. ------------------------------------------ Now let's check whether we can still use the uptrend of the API3 token or not !? To answer this question, we need to refer to the API3 token chart on the 4-hour time frame . The API3 token appears to have broken the Resistance zone($1.250-$0.820) with high momentum ( due to the above news ). In terms of Elliott Wave theory , it seems that the API3 token has successfully completed wave 3 near the Resistance lines and is currently completing wave 4 . Wave 4 could be a pullback and complete at Potential Reversal Zone(PRZ) . Note : Wave 5 could be a truncated wave due to the high momentum of wave 3. I expect that the API3 token can start increasing again after the pullback(wave 4) is completed and at least +30% . Cumulative Short Liquidation Leverage: $1.638-$1.597 Cumulative Long Liquidation Leverage: $1.260-$1.164 Note: Worst Stop Loss(SL): $0.923 Please respect each other's ideas and express them politely if you agree or disagree. API3 Analyze (API3USDT), 4-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
13
GOLD → Breakthrough of downward resistance, news ahead...FX:XAUUSD is recovering after a fairly prolonged decline, and there are signs of bullish sentiment on the chart, but caution is advised as important news is ahead... Gold is in a holding pattern. Its short-term fate depends on today's US economic data and, to a greater extent, on tomorrow's speech by Powell, which will set the tone for the future. The price is recovering slightly after a recent decline, but is trading cautiously. The market is awaiting the release of S&P Global's business activity indices (PMI), which will assess the strength of the US economy and influence Fed rate forecasts. Another key event of the week is the Fed chair's speech in Jackson Hole on Friday. His comments on future interest rates will determine the further movement of gold and the dollar. Technically, we are seeing a rebound from the support of a global symmetrical triangle, with bulls still in the market but waiting for further signals. Locally, we are seeing positive dynamics — a breakout of downward resistance and consolidation in the buying zone... Resistance levels: 3350, 3370 Support levels: 3331, 3315 The conditions for further growth should be a positive fundamental background and the bulls holding the price above key support. A retest of the trading range boundary (0.5f) is possible before growth. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
13
XRP – Corrective Move Before the Next Rally?XRP is currently showing signs of completing a corrective structure after its strong bullish rally earlier this year. 🔹 Technical Outlook: • Price is trading inside a long-term ascending channel. • After marking the swing high near $4.0, price seems to be unfolding a ABC corrective wave. • Currently in wave C, with potential downside extension toward the midline of the channel (~$1.9 – $2.0). • This zone also aligns with strong historical support and the 0.618 Fibonacci retracement of the last impulse (confluence area). 🔹 Possible Scenario: 1. Completion of wave C around $1.9 support. 2. Start of a major impulsive leg targeting the upper boundary of the channel around $6.5 – $7.0. 📊 Market Implication: Short-term caution is needed as corrective pressure might continue, but long-term structure still supports a bullish outlook. ✅ Conclusion: As long as XRP holds above $1.7 – $1.9 support zone, the bullish scenario remains valid. Mid/long-term traders may watch this level as a potential re-accumulation zone before the next impulsive rally.
Short
by CryptoPilot
GBPJPY → False breakout and reversal patternFX:GBPJPY is forming a false breakout of strong resistance from D1. A trading range (consolidation) is forming, and market participants are fighting for the 199.0 - 200.0 zone. GBPJPY is consolidating at strong resistance. A fierce battle is underway for the 199.0-200.0 zone. Focus is on the Japanese yen, which is consolidating (against a backdrop of dollar stagnation). A decline in the JPY could trigger a fall in the currency pair. The volume density point is located above 199.5. Locally, the price has confirmed a bearish structure, and a retest is forming on increased volatility (manipulation). A false breakout of resistance will return the price to support, which in turn will increase the chances of a further decline Resistance levels: 199.5, 200.28 Support levels: 198.67, 197.68 A double top reversal pattern is forming on the chart, indicating the presence of strong limit resistance, but the pattern has not yet been realized. The trigger is consolidation support. Locally, I expect a decline from 199.5 to retest the trigger, the breakout of which could trigger the reversal pattern. Best regards, R. Linda!
Short
by RLinda
4
TeslaLooking at the current price action from today, we have a couple of options as to what is going on. The first one I want to discuss aligns with the orange count. This recent move lower could be the b wave of C of (B). If that is the case, then we should be headed higher very soon towards the orange box to finish out the intermediate (B) wave. If that is not the case, then that would imply that we have started the c of (c) of A of (C). If the white count is correct, I would anticipate it to be strong move as it would be a c wave of multiple different degrees. Either way, both moves that this could be, IMO, are each c waves of some degree. This implies that the next move should have some strength to it. I continue to favor the orange count, but as mentioned prior, they're both easily possible.
NASDAQ:TSLA
by TSuth
1
BTC - 4H Elliott Wave Analysis - 20.08.25Welcome back to another update, today the 4H timeframe instead of the 1H. We're going to update ETH, XRP and SOL tomorrow. Main Case: We have extended to the downside in the correction but we didn't invalidate the immediate bullish count yet. Due the deep correction we can't count this as Wave 2 anymore so we removed the impulsive count. If we get a move up now we assume it to be a Wave C in white of a potentially bigger move up as an ending diagonal which would potentially mark the top of the bullrun. We also added a trendline breaking it would be the first sign of an incoming reversal. The move down looks rather corrective as to impulsive on the lower timeframes. If we take out the 115847 level it would increase the probabilities for the low being in. Back-up Case: If we break down lower we added a Support area between the 0.5 FIB at 109994 USD and the 0.786 FIB at 103047 USD which is a bullish set up but we have to warn that it has lower probability to take out the ATH afterwards than our current set up as it increases the probabilities for a count in which the recent move up was an ending diagonal that we finished already. But we do expect at least a bounce from it and would need to see if it is of corrective or impulsive nature to get more clarity. Next target would be the 1.382 FIB at 108763 USD and the 1.618 FIB at 106273 USD. Be aware that we have high impact news tomorrow at 14.30 (UTC +2) we get Unemployment Claims and at 15.45 (UTC +2) we get the Flash Manufacturing PMI which can shake up the market. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
GBPUSD at 1.35250 Resistance as DXY Eyes 98.100 SupportHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.35250 zone, GBPUSD is moving within a descending channel, with price correcting higher toward the 1.35250 resistance zone — an area that previously acted as support. Meanwhile, the U.S. Dollar Index (DXY) remains in an uptrend and is approaching the 98.100 support area, which may influence GBPUSD direction if buyers step in. Watching how GBPUSD reacts at 1.35250 in relation to DXY’s behavior could provide insight into whether the current correction ends or extends further. Trade safe, Joe.
Short
by JoeChampion
5
CRYPTO: LUMIA (1D)Following a request to do an analysis of CRYPTO:LUMIAUSD , here are my thoughts: This chart is looking good for now. It is currently completing wave C of (2), a regular flat corrective variation. To confirm this idea, there should be a break a major trendline. To strengthen it more, a break of resistance will mean an uptrend with potential targets reaching 0.86. If it doesn't turn out to be a regular flat variation, there is a target below to hit the resistance at around 0.234. This case would mean a potential completion of an inverse H&S pattern potentially hitting targets slightly lower than the plotted target (0.86). Once this count gets invalidated (break the low of 0.194), there would be a need to reassess this outlook. For now, these are the cases for me.
CRYPTO:LUMIAUSD
by Kap_Waves
LTCElliott Wave count on Litecoin shows that the market is unfolding within a larger bullish structure. A clear five-wave impulse (1–5) is developing, with waves 1, 2, and 3 already labeled. Wave 3 peaked around the $132–$143 region, which aligns with common Fibonacci extension levels. Following this strong rally, the market has entered a corrective phase for wave 4. The red circle highlights the current price action, suggesting the start of a pullback. The expected retracement zone for wave 4 lies near $104–$107, which coincides with prior support and the 200 EMA. If price respects this zone and holds above it, a powerful fifth wave could emerge, driving Litecoin towards the $140–$150 region and potentially higher. On the bearish side, if price breaks significantly below $103 and moves deeper, then the correction could extend further, possibly towards the $85–$90 area before resuming higher. The bull confirmation level is set at $140.92 — if broken, it would signal strong continuation to the upside. Overall, the structure remains bullish, with the current dip appearing as a corrective opportunity rather than a trend reversal.
CRYPTO:LTCUSDShort
by mr16kprime
1
GOLD → Correction and retest of a previously broken level...FX:XAUUSD breaks through the support of the local consolidation “symmetrical triangle” and falls to a minimum of 3311... Gold remained at a three-week low of around $3,300 in Asian trading on Wednesday as markets awaited the Fed minutes and Powell's speech in Jackson Hole. The dollar is strengthening on expectations that the Fed chair will reject the idea of aggressive rate cuts despite weak labor market and inflation data. The probability of a rate cut in September is estimated at 85%. Strong housing market data and news about negotiations on Ukraine provided additional support to the dollar. Powell's comments on Friday remain the key factor for gold, while current movements are mainly technical in nature. Resistance levels: 3328, 3331, 3345 Support levels: 3314, 3300, 3328 Technically, a correction is forming after a bearish rally. As part of the correction, the price may test the zone of interest, which is represented by local resistance levels. Distribution could bring the price to 3300-3270. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
19
Sell Dow Jones (US30) – Elliott Wave & Chart Pattern OutlookThe chart applies Elliott Wave and pattern analysis on the Dow Jones (US30). Price has completed a large rounded bottom formation (Wave 4 to Wave 3 structure) and is currently consolidating within a contracting triangle pattern. The market is testing resistance near 45,000. A corrective wave count (A–B–C–D–E) suggests a possible short-term pullback toward ~43,000 before resuming the next impulsive rally. If the triangle completes, the next major bullish wave could push US30 significantly higher, with a target above 48,000. Key Levels: Support: 43,000 → 41,865 Resistance: 45,000 → Breakout toward 48,000 This indicates a short-term corrective dip is possible, but the long-term bias remains bullish.
CAPITALCOM:US30Short
by GKTrademanthan