Coinbase made some good progress today towards the target box. It appears to me we are in wave iii of C of (A). More specifically I think we're in wave 4 of iii and should have a little retrace before dropping again to the 1.382-1.618 ($218.14-$213.18) for 5 of iii before raising again for wave iv of C. MACD should start to raise towards the zero line if this is...
WXYXZ. Z = Y @ log .618 they wanted a longer description so.. long pivot on deck, bullish divergences multiple timeframes. I like to have fibs AND geometry supporting the count as shown on the chart but it lacks geometry. the 5-3-5 zz we want to see in wave Z is a harder sell but im running with this anyway. Weekly timeframe looks obvious but we can nit pick...
Although 15 April was a bearish day, and the daily price action continues to give us lower lows, I think the possibility of a leading diagonal is now less likely. 5213.25 is now key resistance, and I anticipate that resistance to hold and at least one more daily lower low before a bottom is found.
Much speculation has circulated in the crypto press recently about Polygon’s prospects for a one-dollar valuation of its token MATIC. Can it perhaps even reclaim its all-time high of $3.00? While the first question has been answered by the market already—the renewed bullishness of Bitcoin and cryptocurrencies in general, has sparked a new rally—the second answer...
ON semi pattern is a bit sceptical. The stock was in a super uptrend peaking at ATH 111+ tested 87-89 area, broke out to 111, but quickly reversed in few weeks and again couple times tested the same resistance of 87-89. Assuming 111 was an end of wave 5, as we did not have other highs tested, we are now in a serious ABC correction shaping a H&S pattern as...
Short summary and overview. Accumulation Phase. Ending of Correction Wave. Max allocation: 20 - 30k USD Time horizon: 6 Months up to 2 Years. Weekly accumulation trades: 1) amount: '3000@USD', type: 'FutureSwapExecution', amounts: , avg: 7.0019946101 2) amount: '2000@USD', type: 'FutureSwapExecution', amounts: , avg: 6.7269436101 We will keep updating this...
Having observed sufficient weakness in the market today, we are ready to place a limit order for Hedera. We've decided to set our limit order at the 38.2% retracement level, primarily because we are already close to the level of Wave 1. However, it's essential to note, from a realistic standpoint, that theoretically, Wave 4 should not drop into the level of Wave...
For Ethereum, we have a new setup and anticipate that Wave ((i)) has completed at approximately $3,525. We now expect to see Wave ((ii)). We believe we are currently in a Wave (c) within Wave ((ii)), which should reach a retracement between 50% and 78.6%, equating to a range from $3,324 to a maximum of $3,175. Following this, we anticipate a rise to at least $4,092.
WIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance. Note: The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as...
Similar to other cryptocurrencies, Uniswap presents a scenario where we're concluding Wave 3 and now developing Wave 4. This Wave 4 is expected to retrace between 38% and 50%. We're setting our stop-loss below the level of the subordinate Wave ((iv)), to accommodate the possibility of this level being revisited without being stopped out. The upward trajectory...
WIF 4-5 setup, the price reached wave-4 support zone area. You can start scaling in into support scaling out into resistance Note: The 1-2 setup in trading is often preferred over the 4-5 setup due to its positioning early in the Elliott Wave sequence. The 1-2 setup occurs just as a new trend is beginning, offering a higher potential for significant gains as the...
Bull count in green has wave 4 complete with a double-three, bulls need to hold 5150 and break above 5243.50. Bear count has leading diagonal 1 in progress, needs 51550 support to break and 5243.50 resistance to hold.
keeping a close eye on the EURUSD and always waiting for potential completed waves to take an entry!
Updated Bonk chart. Please check the BONK chart below. Thank you.
My bearish count has SPX topping out today somewhere below 5186.69, with one more daily lower-low (this week) to complete a contracting leading diagonal (1).
Bonk High risk 4-5 setup. The 1-2setup is preferred over the 4-5 because it captures early trend movements. Note: Most of the market moves are in 3 waves; the 5th wave is not guaranteed, making the 1-2 setup less risky and potentially more profitable.
after the last correction CFX break the Base Channel and entered wave 2 territory, and as I see BTC and ETH not complete there correction wave yet, and the same case with most of the other Crypto, so that mean that the price will go deeper, which make our 5 impulse Wave Idea invalid. CFXUSDT Elliott Wave Technical Analysis Mode: Corrective Position: Wave (c)...
Bitcoin may look pretty bullish, but do not get distracted. The price is forming a bearish distribution pattern inside a bearish parallel channel, as you can see on the chart. Right now, the odds are in favor of another crash. I am not saying this only because of the price action, but also because of the Elliott wave theory: as per my wave count, I am expecting...