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Elliott Wave

$ETH Topping Without All Time High?Has the most anticipated all time high of the year been cancelled? The crowd does not get what it wants! Everyone from CNBC to my grandmas goldfish have been bullish on ETH for the past few months so what a fitting psychological mess it would be if we significantly pulled back here! Firstly it may just be a temporary set back to the High Volume Node support at $3900 before a move to all time high. Even then I am expecting a deeper pullback to set us up for all time high in Q4. Losing this support bring up the ascending daily 200EMA right at the Fibonacci golden pocket, which you can see is the wave 3 high! The next target, which is my next buy level, is the larger degree Fibonacci golden pocket, major support High Volume Node and wave 4 bottom at $2100. This would be a capitulation area for many! RSI has printed confirmed bearish divergence with plenty of room to fall. Safe trading
COINBASE:ETHUSD
by Maddox_Metrics
The last drop before the rush - ETH weekly update Aug 18 - 24thEthereum is currently in a corrective phase, forming Intermediate Wave 4. On the higher degree, this move takes place within Primary Wave 5 and Cycle Wave 3. At the Minor degree, it becomes clear that this Wave 4 correction is taking shape as a more complex structure, which is consistent with the broader correlation across altcoins. First, a ZigZag pattern unfolded as Wave W, followed by a Flat structure as Wave Y. For Wave Z, either another Flat or a Triangle is expected. The alternative scenario suggests that Wave Y’s Flat has not yet fully completed and may extend lower. While the subsequent Wave X would likely reach a similar target due to fundamental market mechanics, the following Wave Z could theoretically extend deeper, approaching the golden ratio retracement of Wave 4. From a liquidity perspective, the order book shows relatively few orders below the current price. Instead, a growing concentration of orders can be observed above the top of Intermediate Wave 3, which are likely to be taken out during the upcoming Intermediate Wave 5. The liquidity heatmap confirms significant liquidity above current levels, concentrated in the fair value gap (FVG) zone, which is expected to be targeted during Wave X. Both the clustered orders and liquidity are highlighted in the chart with the red box. Additionally, the volume profile of the prior Intermediate Wave 3 reinforces the likelihood that Wave Y has ended, as price is currently reacting around the point of control (POC), a logical area for a bounce. Derivative data also supports the potential end of Wave Y. Funding rates have turned back to positive after a period in negative territory, suggesting traders are reducing short exposure and gradually positioning for higher prices. Open interest has also seen a modest uptick, which will likely expand further as Wave X progresses. In summary, my bias remains bearish, and I will be positioning short at the top of Wave X. Furthermore, I expect Wave Z to take the form of a Flat rather than a Triangle.
BINANCE:ETHUSDShort
by Phillipklh
GOLD → Attempt to break through 3350 for a retest of 3370FX:XAUUSD is stagnating in a range, awaiting a driver. The price is consolidating, with boundaries narrowing and forming a symmetrical triangle... Gold is trying to consolidate above $3,350 after falling to an 11-day low of $3,325 amid geopolitical uncertainty. Markets are awaiting Trump's talks with Zelensky, which will be joined by European leaders, hoping for a quick peace agreement on Ukraine. However, general optimism is limiting demand for “safe assets.” Expectations of a dovish Fed policy and the possible lifting of sanctions against Russia are adding to the positive sentiment. At the same time, gold risks a correction if the dollar strengthens amid profit-taking ahead of the Fed minutes and Jerome Powell's speech in Jackson Hole. Technically, if gold can break through the 3350 level, the market may test the 3370 resistance in the short term, but then return to support due to uncertainty. Resistance levels: 3350, 3370, 3400 Support levels: 3331, 3315, 3301 At the moment, since the price is in a range, it is worth considering an intrarange trading strategy: false breakouts or rebounds from strong levels. I think that until a strong driver appears, gold will remain within the specified range. Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
15
$AAVE Local Expanded Flat Correction?CRYPTOCAP:AAVE Elliot wave count could be printing an expanded flat correction in wave 2. 5 waves up complete a motif wave with daily RSI in overbought. 3 clear waves down for wave A (or X) was next followed by a poke above all time on confirmed bearish divergence. If the count is correct then our first target would be a swing below wave A and the ascending daily 200EMA at point . Further decline in wave C (or Z) brings up the previous wave 4 target and the High Volume Node major support $210 point A steeper decline in wave 2, aligning with my September dump idea, brings up the golden pocket at but a more likely target is the alt-coin golden packet at 0.786, s3 daily pivot and High Volume Node support . This would be a great buy opportunity for me. Safe trading
COINBASE:AAVEUSD
by Maddox_Metrics
Is a UK crisis brewing — GBP/USD: Parity by 2026?Long story short: monthly Elliott count projects a final bearish leg. The recent rally looks like a corrective (A)-(B)-(C) inside a larger (4)... if true, the next move is a terminal (5) downtrend. Key points: Long-term downtrend from 2007 intact on the monthly. Current structure fits an Elliott corrective top; rejection = bearish continuation. Fibonacci target zones for the final wave: 0.9593 (61.8%) → 0.8452 (78.6%) → 0.6999 (100%). 0.70 is a possible terminal target in an extreme scenario. Invalidation: a clear monthly close above 1.40–1.45 would break this bearish count. Timeframe: multi-year move... expect acceleration if price fails to hold the (4) high. Btw... looking to short over the next few weeks to play the big Wave 5. Let’s see if it confirms.
Short
by YVS_
NIFTY50.....Time is on our side!Hello Traders, the NIFTY50 rose 331 points 'til the end of the week. A final sell-off hasn't started yet; but I am anticipating it. Chart analysis: Since the low of 24337, the NIFTY50 has risen by 465 point, peaking on Tuesday the 12th. The chart leaves behind a difficult to assess pattern. Either we have seen the end of waves (iii), pink, or the start of a wave c/y with targets much lower in the coming weeks ahead. With a wave (iv), green, coming to an end, the next move should be to the upside with potential for a new ATH in the coming weeks. My long term favored price target @28905 is still valid! The bears need to watch, if wave b/x has ended, and a waves a-b-c are still in progress! In any case! The wave structure is not clear to my view, and maybe the coming week will clear the focus we need to have! Seasonally, the time has come for correction for the coming 8–10 weeks, but the stock marked is not like a "Christmas wish list"! So, I recommend staying at sideline, as I did many times before. That is the time, where we all can crash our trading account! We all need to wait for a clearer structure at the chart and if we can catch one impulsive move, we will be there and take the chance to do so! For the coming week I will check the chart daily, and I will update, if something important happens! Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
1
Bitcoin - Huge drop will continue! Then a new ATH (buy here)Bitcoin and mainly altcoins have been pumping in the recent weeks, so the important question is - will this trend continue, or is it over? My Elliott Wave analysis on Bitcoin suggests that we should see a correction to 105,000 USDT before another push to the upside. Why? I see a completed Impulse wave 12345 inside the rising wedge pattern, so this is a pretty bearish combo, to be honest. What's more, September is the worst-performing month for Bitcoin statistically, so that's also a problem. You probably don't want to be speculating on price increases during this period. I recommend buying in October and riding the bullish cycle until December 2025. Where should we buy BTC? When we take the Fibonacci retracement tool on the whole 12345 impulse wave, we have 105,386 - a strong Fibonacci 0.382 support. In confluence with the previous price action, there is a FVG (Fair Value GAP) between 103,399 and 104,622 on the daily candles. That's a pretty high-probability setup for buying BTC here, so thank me later! What about alt season? We have seen a pretty strong uptrend on altcoins, but they also need to breathe, so expect a pullback as well. Of course, some altcoins will start pumping pretty much because we are in the alt season, but let's say the major altcoins in the TOP20. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
149
ETH — Right-Angled Broadening BreakoutEthereum (ETH) has completed a Right-Angled Descending Broadening Pattern that developed over a period of 515 days. Such long-term structures are rare and often mark significant turning points in the market. 🔎 Pattern Breakdown A–E → swings inside the broadening formation. F → breakout above the flat resistance. G (anticipated) → Retest of the breakout zone near $4000, where former resistance may establish itself as support. The flat top resistance between $4000–$4100 has already given way. A successful retest and hold above this zone would confirm breakout validity and strengthen the probability of continuation toward ATH and beyond. Trade Setup View Retest entry zone (G): ~$4000 Invalidation (Stop-Loss): To be determined based on price action during the retest TP1: Retest of ATH $4867 TP2: $5390 Final target (measured move): $6800 Risk-to-Reward: 1:7+ potential Why $6800? The measured move of a broadening formation is its full height projected upward from the breakout point: Broadening low: $1383.26 Broadening high: $4109 ➡️ Height = $2725.74 Add that to the breakout zone (~$4100) → $6825. Rounded, that gives a final target of $6800. 💡 Educational Takeaway Right-Angled Descending Broadening Formations show growing volatility with buyers holding a ceiling steady while sellers run out of steam. Once that flat resistance breaks, momentum usually shifts in favour of the bulls. Since this one lasted over 500 days, the breakout isn’t just noise. It’s a macro signal that could define ETH’s next major trend leg. Level to Watch Closely: $4000 → the expected retest (G). Holding here would be a strong confirmation that ETH is ready to aim for ATH and price discovery. _________________________________ 💬 If you found this helpful, drop a like and comment!
COINBASE:ETHUSDLong
by SiDec
23
Sell sell sell - FET weekly update Aug 17 - 23thFetch.AI presents a very clear structure. At this stage, we are most likely in Intermediate Wave 3, Minor Wave 2, and Minute Wave C. This structure aligns well with that of other altcoins, which further supports the scenario. Broadly speaking, I expect a deep Minor Wave 2 correction, after which Minor Wave 3 should unfold. This setup would put us in a Wave 3 across multiple degrees simultaneously, the most impulsive wave that typically delivers the strongest percentage gains. The liquidity heatmap shows liquidity concentrated around the 0.5 retracement level of Minute Wave B, which also aligns with my primary scenario. The order book, however, remains relatively thin, with only a few orders placed around the high of Minor Wave 1. These could expand during the final stages of Minute Wave C, potentially providing the foundation for a trend reversal. Derivative data currently confirms a neutral sentiment. Funding rates are in the normal positive range, reflecting neither overbought nor oversold conditions. Open interest has seen a slight uptick but remains below the highs established during Minor Wave 1, and is expected to decline again. Meanwhile, the Cumulative Volume Delta (CVD) is negative, showing only a modest recovery during Wave B. Ideally, I would like to see it turn lower again once Minute Wave C resumes. Overall, my bias is bearish, and I will be positioning short around the 0.5 retracement level.
BINANCE:FETUSDShort
by Phillipklh
2
XLMUSDT → Consolidation before rally to 0.4700BINANCE:XLMUSDT is recovering after a fairly aggressive decline, the purpose of which was to consolidate potential and retest trend support. The chart shows signs of a bullish movement... The growth of BTC and ETH and the decline in Bitcoin's dominance index give altcoins a chance. The market is generally bullish, and in the second half of this week, we encountered a correction that has most likely come to an end. XLM has a fairly strong support line, above which the bulls are aggressively holding the price. XLM is rebounding from the upward support line. The price returned to the trading range of 0.4274 - 0.4685, but encountered strong resistance at 0.4331, a break of which will confirm the bullish market structure. An ascending triangle is forming with a trigger at 0.4331. Support levels: 0.4273, 0.4194, 0.4114 Resistance levels: 0.4331, 0.4596, 0.4685 Within the local “ascending triangle” structure, the price may continue to consolidate. A retest of local support zones is possible. However, a smooth compression of the price towards resistance may lead to a breakout, which in turn, due to consolidation, may provoke a strong upward momentum. Best regards, R. Linda!
Long
by RLinda
6
ETH/USDT :Wave 5 Drop to 4300–Rebound Rally to 4600 Before Crashthereum has likely completed a 5-wave impulsive rally from 1380 → 4780, with the channel break confirming a larger correction in progress. Currently, price is unfolding Wave A of an ABC NeoWave structure, subdividing into 5 smaller waves. ⸻ 🔹 Wave Count Breakdown • Wave 1: Sharp drop to ~4335 • Wave 2: 61.8% rebound to 4463 • Wave 3: Extended selloff (161.8% of W1) → 4335 • Wave 4: Shallow retrace (~38.2% W3) → 4463 • Wave 5 (in progress): Targeting 4300–4270 (1.618 Fib + channel floor) 👉 Monowave count (~45–55) sits perfectly inside NeoWave’s 34–89 range → confirming impulsive character of this Wave A. ⸻ 🔹 Next Path Scenarios 1. Wave A completion → Short-term bottom around 4300 (confluence of Fib + channel). 2. Wave B rebound → Relief rally toward 4460–4600 (38.2–50% retrace of A). Likely a sharp ABC bounce that traps late shorts. 3. Wave C decline → Resumption of downtrend toward 3800–4000, with risk of an extended drop to 3500 if momentum accelerates. ⸻ 🔹 Technical Clues • Fib structure: Textbook alternation (W2 deep / W4 shallow). • RSI divergence at lows → exhaustion signals. • Dominance context: USDT.D rebounding + BTC.D >60% → capital rotation suggests ETH downside risk remains elevated. ⸻ 🔹 Trade Setup (Bias: Short with rebound play) • Entry (short): Below 4400 on BOS confirmation (break of 4335). • Targets: TP1 = 4300 (end of A), TP2 = 3800 (post-B wave). • Rebound long: Consider 4300 → 4600 scalp if Wave A completes. • Stops: Above 4463 (W4 high) for shorts / below 4300 for longs. • Risk mgmt: 1–2% position size; trail stops along channel midline. ⸻ ⚠️ Volatility remains extreme. Manage risk strictly—crypto psychology flips fast.
BITSTAMP:ETHUSD
by CryptoPilot
8
LINK Rally Cools Off — Next Long Opportunity at $20LINK has awakened with strength, rallying +60% in just 10 days. Price completed a clean 5-wave Elliott impulse, topping at the 1.0 trend-based Fib extension, which aligned with: 0.702 Fib retracement Pitchfork upper resistance line Key resistance zone This perfect confluence marked the 5th wave top, followed by a -13% correction. 🔴 Short Opportunity The current structure is forming a Head & Shoulders pattern. ➡️ Resistance zone: $23 – $23.5 🧩 Confluence factors: Anchored VWAP (red line) from the 5th wave top Fib speed resistance fan – Golden Pocket ➡️ Target: $20 support zone. 🟢 Long Opportunity Zone The $20 zone offers the strongest confluence for a long entry: Yearly Open (yOpen): $20.02 0.5 Fib retracement: $20.09 (of the 5 Elliott waves) Pitchfork golden pocket Anchored VWAP (green line): $20.28 (swing high) Fair Value Gap (FVG) / imbalance fill Liquidity pool $20 psychological level Trade Plan: Entry: $20.5 – $19.5 Stop Loss: Below $19 Take Profit: $25 Potential gain: +25% R:R: ~1:5 🔍 Indicators used: DriftLine — Pivot Open Zones → For identifying key yearly/monthly/weekly/daily opens that act as major S/R reference points ➡️ Available for free. You can find them on my profile under “Scripts” and apply them directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!
Long
by SiDec
15
fifty-fifty - MANA weekly update Aug 16 - 22thThis chart setup has been particularly tricky. In Minor Wave 1, we observed a truncated fifth wave, followed by what could be interpreted as a more complex correction, although a regular flat remains a valid possibility. My intuition, especially when taking other altcoins into account, leans toward the alternative scenario. Nevertheless, a completed flat followed by the start of Minor Wave 3 is also technically valid. For this bullish scenario to be confirmed, MANA must break and sustain above the 0.3174 level. If price fails to do so and turns lower beforehand, the alternative scenario—a ZigZag correction—becomes more likely. Ultimately, the market will determine which path plays out. Looking at liquidity and order flow, the order book is very thin, with orders slowly building at targets consistent with both the primary and alternative scenarios. The liquidation heatmap shows some liquidity just above current levels, aligning with the anticipated turning point of the alternative Wave B. Beyond that, liquidity is limited, with only minor concentrations near both scenario targets. Derivative metrics offer little additional clarity. Funding rates are holding at normal positive levels, which is neutral in terms of directional bias. Open interest has stagnated, while the Cumulative Volume Delta (CVD) remains flat and in negative territory. In summary, I will stay on the sidelines for now and wait until MANA delivers clearer signals. At this stage, the probabilities for both scenarios appear evenly balanced at roughly 50:50.
COINBASE:MANAUSD
by Phillipklh
4
Damn, thats bearish - SAND weekly update Aug 16 - 22thThe outlook for SAND does not appear favorable. From an Elliott Wave perspective, we are clearly in Minor Wave 2 after completing Wave 1 with strength. Within this Wave 2, the current structure shows us in the final stages of Minute Wave B. At current levels, this makes short positions particularly attractive. Looking at the bigger picture, it is crucial that the upcoming Minute Wave C does not fall below the 0.2469 level. A break beneath this threshold would activate the alternative scenario, which would mean a violation of the primary Intermediate Wave 2 low. For this reason, it is critical that the 1.0 Fibonacci extension of Minute Wave C holds. From a liquidity and order flow perspective, the recent rally in Minute Wave B has already cleared liquidity, as highlighted by the heatmap. The order book appears thin, with only small clusters of orders below the price. These are gradually building into larger orders and potential buy walls, which could provide the base for completing Minor Wave 2 and starting Minor Wave 3. Derivatives data adds further context. Open interest has been in decline, though a recent uptick occurred during the formation of Wave B. Funding rates have reverted from negative back to normal positive levels, which also coincides with the short-term bounce. However, the Cumulative Volume Delta remains largely unimpressed, staying negative despite the temporary strength in Wave B. Overall, my bias remains bearish, and I will be positioning myself with short orders in line with this setup.
VANTAGE:SANUSDShort
by Phillipklh
ETH Path to 5k playing out nicely!Played out nicely since last update. Ethereum has held near the level highlighted in the last update and, after a correction, pushed into the wave 3 most likely target. Price rejected from that area without yet breaking the all-time high. If this wave 3 has completed, which isn’t confirmed yet, the Elliott Wave count suggests caution. A wave 4 at the higher degree could be next. To gain clarity, we’ll need to see a few key pivots broken. The completion of a smaller 5-wave move lining up with the higher-degree wave 3 target is a clue this may be the spot to pause and evaluate. The way this retracement unfolds will help decide which degree it belongs to and set expectations for what comes next.
COINBASE:ETHUSDLong
by CryptoKnee