Hello friends An ascending pattern has been formed in the Ethereum cryptocurrency, which consists of wave 1 and 2. Microwave 1 consists of 3 and 2 consists of 3. Microwaves of wave 3 of 3 are also being completed. Considering people's acceptance of currencies, the bullish theory can be considered more. Therefore, we will wait for the price to rise to higher...
Hello friends. We see the chart of Gold in monthly timeframe . Be assumed and according to the Elliot wave structure we see five waves so the end of fifth wave at the 2425$ and start the correction wave.
Hello friends An ascending pattern is formed in the Bitcoin currency, which consists of waves 1 and 3. Considering people's acceptance of currencies, the bullish theory can be considered more. Therefore, we will wait for the price to rise to higher numbers. Wave 4 is either completed or may be completed in a zigzag fashion. Therefore, in general, we are waiting...
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Hello friends In Alibaba stock, we observed a 5 micro wave after a complete correction which was contrary to the descending rune We call these 5 small waves wave 1 or A. After these 5 micro-waves, we see a 5-wave with overlapping waves that is similar to a triangle. Triangles are seen in wave 4 or B. Therefore, in both scenarios, the share price should reach the...
Starting our analysis for the Deutsche Bank chart at the Corona low of $4.45, we have since seen an uptrend developing with a Wave (1) and already a Wave (2), placing us in the overarching Wave (3). Within this Wave (3), we're looking for potential entry points. We've also developed Waves 1 and 2 and are currently, as seen on the 4-hour chart. We want to enter at...
Alibaba #BABA NYSE:BABA Alibaba's journey continues to be a roller coaster ride of highs and lows. Since our initial entry, we've navigated through Waves (v), (2), and Y. We acknowledge that a dip below this level would challenge our perspective, potentially signaling further downturns. Therefore, we've implemented a stop-loss just below this critical point....
Trading Bitcoin doesn't have to be hard. With proper food, we can increase the probability of our trades. There is no secret that a large part of the Bitcoin community is on a carnivore diet (a meat-based diet). They believe meat, especially red fatty meat, is essential for human health and brain function as it contains hundreds of yet-undiscovered vitamins that...
SUSHI seems to be finishing a 5-wave cycle and a larger correction should be expected soon. I don´t rule out that wave 5 may still be in progress as an ending diagonal, but I would only take quick scalp trades at current levels. An interesting pullback zone is the 1.3-1.4 region, which is a key support-resistance level and matches the 50% retracement level.
Technical analysis GMT is one of the most promising coins to hold for the next few days and weeks. We can see that the price has been stuck in this rectangular trading range for almost 4 months. Now the price is ready for a massive breakout! It's good to buy GMT now, as pullbacks will probably not be available. My Elliott Wave count suggests that we are now...
Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are...
I will focus next supply at price 26.2 or 26.8 Anyway it should break 25.4 first to not be a QML pattern. Let's see
Currently, Price is at 78% retracement of 1st Wave of C-wave, which is 2nd Wave and may move downwards for 3rd Wave. Target may be 1260 based on Support.
Could very well be done here already with the orange count or could provide at least another low with the yellow count.
BTC Just focus on price 68.5k if can't break down there. So, have chance to go up. Wait Reversal signal from divergence and action We don't know how much end price of wave 5... Let it move and do some consolidate first.
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Solely based on pattern, and my assumption we are in a wave 2, before the big push, higher, I look for GME to get pounded, down into the single digits, targeting sub 10 before either taking off, or further subdividing in Ending Diagonal Fashion, before eventually reaching 6-7 bucks, in May.
And, MACD is the reason. We got our High print where I count an intermediate (3), and now we are working on negative divergence to the upside, BUT we have not gone higher in price than the wave (3) peak, SO I look for some sort of Ending Diagonal that could last a few weeks, before DWAC sells off, again. Best, Cuz