After a strong rally price formed a nice ending diagonal. This is a strong reversal pattern.
We can see a nice pinbar also.
I expect a retracement at least to 0.30 level
Entry: 0.3977 (now)
Stop Loss: 0.42
Take profit: 0.33
Cryptocurrency DAO Maker is trading bearish for the last year, but the wave structure looks like an A-B-C corrective decline that can be slowly coming to an end, ideally at the end of 2022 or beginning of 2023.
From Elliott wave perspective we are already tracking a motive wave C, which should be completed by a five-wave cycle of the lower degree. In this case as...
Price action and chart pattern trading
> A possible ending diagonal minor 5-wave with a bull flag pattern as well as RSI bullish divergence
> An upcoming reversal supported by a strong harmonic pattern - bullish deep crab squeezed below EMA20D - Entry point zone
> Target TP1 @ Upper bull flag resistance zone +30% and TP2 @ X2 of Bull Flag EMA200D zone +60%
Price action and chart pattern - descending triangle with a bullish divergence pattern in weekly timeframe is considered a strong reversal trading signal.
Wave projection: A possible 5 wave of major A-wave correction coming forming an ending diagonal wave targeting 0.5 - 0.618 fibonanci extension of previous 3-wave downtrend.
Entry: Descending triangle breakout /...
we had a previous analysis stating that we are currently in a triangle or triple combo correction, but after a review and suggesting different scenarios to the same chart we can also have a different reading, and honestly this is more accepted than the previous one, right now i'm not sure if wave 3 has ended and price is making wave 4 but patience is a vertue when...
Price action, based on Elliot Waves principles, is falling from peak after complete an Ending Diagonal from the last extended impulsive wave to a potential target at local demand in hourly timeframe in a possible 78,6% retrace as shown on AB=CD pattern, below volume POC and after reject Anchored VWAP from May '22 bottom. Consolidating in a parallel channel as...
Crude Oil (WTI) & Natural Gas have been in an uptrend.
Reversal Patterns are present, and BIG bearish moves are around the corner.
- WTI: Ascending Channel Breach
- Natural Gas: Ending Diagonal
Previously we talked about Gold selling-off as we saw wave (C) form an Ending Diagonal Pattern which in this was a contracting diagonal. It seems like price continued to rise and that doesn't really invalidate the idea of an Ending Diagonal Pattern, but we have to see a short term buy before seeing the next drop on the XAUUSD chart. The pattern is still occurring...
BTCUSD is trading at strong monthly support zone, but on a daily basis, it can still be pointing lower within the final 5th wave that can be forming an ending diagonal (wedge) pattern. We see it currently trading in subwave 4 correction, testing that June lows as a resistance from where we can see another and final decline for wave 5 of (5) with room towards...
DOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A...
Ripple ( XRP ) will put the banking system to the test.
Many attempts to shut down this "wonderful" coin have been made.
Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age.
It will take some time indeed, until it would be implemented in the systems.
All I can say is that, IMO, the Crypto Revolution is inevitable.
EOS was supposed to be the Ethereum killer, LOL.
However, if the Crypto Markets start booming then EOS ( EOSUSDT , EOSUSD ) would triple the ATH.
I've been holding and adding more on the next drop.
A good level IMO is: $0.50 .
* Elliott Wave A-B-C Pattern
* Cycle Analysis (Early '23)
* Super-Cycle (b) (turquoise) Completion
* Demand Zone @ 0.50...
An ending diagonal is a special type of pattern that occurs at the end of the trend. Normally it causes a sharp reversal as it happened recently on USDCHF. The question is where we go from here? Well, we have five waves down on Swissy which means more downside is possible after a three waves up. And if that would be the case then Gold can rally further based on...