Bitcoin seems to have completed wave B of 4 and wave 4 and should start wave 3 of 4 and have a flat correction so I expect it to go back to around 15.5 again.
Positivity is still strongly controlling the dollar index, and this will lead it to the resistance above and face an area of weakness. Then let us see what will happen. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this...
Hello friends In the case of Coinbase, we are witnessing the formation of an upward wave. This upward wave can be 5 waves or zigzag, of course, everything depends on the growth of digital currencies. But the probable scenario is a 5-wave, whose waves 1, 2, and 3 have been completed. Wave 4 may be zigzag, triangle or... Therefore, by breaking the ceiling of $281,...
I am expecting Nikkei to crash next week for a 3rd wave down.
Hello friends In the Amazon share, we see a 5-wave uptrend, all of which have been completed. There is a static resistance in the range of $188, and considering the divergence between waves 3 and 5, we can expect the price to drop. Therefore, with the start of a downward trend and the loss limit of 190 dollars, you can enter the sale transaction. The profit limit...
PHBUSDT Elliott Wave Technical Analysis Mode: impulse Position: Wave (4) Direction: Wave (4) is still in play Details: Wave (4) is still in play which I expected to be end around 2.2-1.95 which will be my entry point. Next Direction: Wave (5) Targets : TP1: 4.3 with about 100% profit TP2: 4.9 with about 140% profit TP3: the area between 5.2-5.4...
Gold has been on a rollercoaster of a ride over the past year and it's been fun to catch a few wins along the way. A run to $2600 seems inevitable. Closed my shorts from 2220-2230 and went long above $2250 w/ T1 near $2390.
Just finishing 3-2 correction and about to head off to hit 3-3, 3rd Impulse wave Summer 2024.
The flag pattern on the high time frame (D&W) has been broken . In the coming weeks, the price may continue to strengthen until the end of the month with a strong bull candle. The targets of wave 5 are at the 2100 - 2300 levels.
Hello friends, in currency pairs GBP USD we saw an upward trend and after that we considered a correction, which waves A and B have been completed and we are also in wave C. Wave A of this wave has occurred in the form of 5 small waves, and wave B has probably been completed, but the overall trend will be downward. It may correct some of this decline and continue...
There are two potential paths, and either one could play out. Either an inpulse pattern or a corrective one. The impulse (black count) should target the $100 level and could even reach the $200 price in a blow-off top. The correction (red count) should target around the $45 price level. Then continue it's path to under $10. It's too early to choose one over the...
Ethereum is still very bullish, so there is no reason to expect lower prices at this moment. We can see that the price broke out of this ascending parallel channel and retested it. Usually you want to wait for a retest and then enter a long position, which is happening right now! You can place your stop loss below the previous swing low (inside the ascending...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). (1D Chart): Details: The short-term outlook describes that the 1-red wave has peaked, and the following 2-red wave is likely to unfold as a Combination pattern to continue pushing lower. A rise above 124.54 would indicate that the 2-red wave has ended earlier than expected, and the 3-red wave is returning to...
© Master of Elliott Wave Analysis: Shane Hua (CEWA-M). The broader context indicates that the 4-red wave is unfolding to push lower. It subdivides into the ((a))-green wave, and the ((b))-green wave is completing its role before the ((c))-green wave returns to push lower. In the short term, the outlook provides more detailed insights. The ((b))-green wave...
Got clarity since my initial idea (linked below) on January 12, 2024 . The alternative view presented there played out. For now price seems to be in wave 1 of larger degree wave 3. Break above red wave 1 high @ 195.50 and thereafter an impulsive break of the base channel will give more confidence to this idea. Shall update the idea as price develops...
The price range around the 2021 high, then the ATH, of around 69000 has been the battle field for an entire month. It certainly has been worth it, for it brought a new all-time high even before the bitcoin halving for the first time in BTC’s history, and it will be marked in the market cycle as a significant milestone to provide a strong base of support. But...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.