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EWT

EWT/USDT Secondary trend. Downward wedge zone. 4 11 2023Logarithm. Downward wedge zone. Time frame 3 days. A descending wedge is forming in the descending channel (the main trend). Almost in the final phase of its formation. Decrease from the price minimum in the main trend -93%. We are in the first zone of so-called capitulation. This is not the maximum value for altcoins of such liquidity. The range of the maximum capitulation zone is shown on the price chart, which is the range of the downward channel (main trend) of volatility. Cryptocurrency in coinmarketcap: Energy Web Token. From liquid exchanges traded on KuCoin, Kraken (USA), Gate.io. Repeatability of fractal wedge logic (secondary trend) in the downward channel (primary trend). Local resistance zones in the realization of the figure's goals after breaking through the resistance of the wedge (breaking the downward trend of price movement). Fractal projection on identical zones now. Main trend (to understand the given zone of the wedge in it). EWT/USDT Major trend. Channel -93% US Energy Sector 11 2023
Long
by SpartaBTC
2
We might be at middle of cycleBased on elliot wave theory we are at middle of 3rd wave. Which is most profitable wave. The news is positive /ETFs approved, halving is coming in 2 months everything is good right?/ fundamental analysts starts raise targets. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave 3 starts the news probably still bearish and most market players remain negative but by wave 3 midpoint, "the crowd" will often join the new bullish trend. Wave 4 Wave 4 is typically clearly corrective. Prices may meander sideways for an extended period, and wave 4 typically retraces less than 38.2% of wave 3. Volume is well below than that of wave 3. This is good place to buy a pullback if you understand the potiental ahead for wave 5. Still, 4th waves are often frustrating because of their lack of progress in the larger trend. Wave 5 Wave 5 is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave 5 than in wave 3 nad many momentum indicators start to show divergences, prices reach new highs but the indicators do not reach new peak. At the end of major bull run, bears may very well ridiculed, recall how forecast for a top in the market during 2007 and 2020 were all rejected. People gonna say "There is no way we are at already middle of cycle. "Halving bull run" is not started yet. ETFs approved big moneys are coming MIL:1M per BTC is possible" etc. Yup maybe youre right, bull run is just starting or maybe ure wrong. Yes, crypto market is crazy place, when it pumps it doesnt care about anything just prints big green candles and some alts make 100-1000x. Place with full of potiental and opportunity. But, you gotta stay woke. Dont listen big medias, dont let fake influencers manipulate you. Set your targets and goals. Dont be too greedy. Have a realistic look. WAGMI Love and Peace <3
Long
by Dankee
BTC Correction Incoming: ICT Unicorn Model?This resembles an ICT Unicorn model (not sure if this is what you call it tho): Price obtained liquidity above, accompanied by a robust volume push-down to 38.5k, forming a breaker block coinciding with a Daily FVG. It's noteworthy that the current Breaker block level constitutes 50% of the present range, validating the corrective wave. Anticipating a price retracement to the daily FVG above 38k or completion of the corrective wave in the range of 32k-36k, where liquidity and an unfilled daily FVG are apparent. Please manage your risk because price can still go higher around that premium zone.
Short
by infamous7
9
Risk Mitigation Post | Possible BTC TopThis post presents a potential top for BTC Price Action (PA) for your confluence and Risk Mitigation. I do not care if I am wrong, and invite constructive comments to improve the count and enable everyone a more holistic understanding of BTC PA, rather than destructive comments that do not achieve anything other than show the community the type of person your are. The primary rationale for this count lies within the retracement on completion of the initial 5-Wave move up on completion of Primary WA. From my perspective, this retracement exhibited insufficient depth to be counted as a W2. Reverting to what I call the Elliott Wave Theory paradox, if it is not a W2, it must be a WB. The targets presented in this chart may overshoot, however, I feel more confident in a new low, than an ATH on this move. CRYPTOCAP:TOTAL was used to confirm this count. Trade Safe. TOTAL Chart:
BNC:BLXShort
by JMSBurton
EWT Building an out of bear market move!Energy Web Token. EWT has shown some decent strength in this bear market, but not soo much as of late. I think this recent downtrend might soon be at an end. As we can the price is at the bottom of the it's bear market for as possible double bottom and the indicators are higher and showing signs of turning. Lets take a look at the indicators 1 Volume, it has increased during the bear market 2 The RSI although not very strong is showing bullish divergence 3 The TDI is showing similar signs to the RSI 4 Stochastics RSI has bottomed 5 RCI3 lines has also bottomed We are waiting for 4 & 5 to cross up. Once this happens it will show the momentum in this next move building and imminent. Both are circled on the chart. My Price target would be @ the $7.60 (1.618 fib) to $10.75 (2.618 fib) area. That is based off of it's recent move in the bear market. There is also another price of interest, $9.26 area would be the .236 fib area from it's bull market peak. this also lines up with another resistance level in prices so this price is most likely. Then you would look for for it to catch support at top of the bear market resistance level (shaded area) @ $4.85 area. kind regards WeAreSat0shi
KRAKEN:EWTUSDLong
by WeAreSat0shi
4
EWT - Wyckoff Accumulation + Volume #EWT This beautiful falling wedge or #bullflag has all the mechanics of a #Wyckoff Accumulation Schematic built into it, which can be seen by #volume tells in all the right places. After The low was breached note the negligible #volume, then observe the volume on the first solid bullish candle to break through the #wedge. What we want to see after is the follow-through retrace candles reaction, and not just the #volume, but the fact it snatched the stops on the candle a month before it. Pair that all with my favorite leading indicator, #OBV, which has already breached the last swing. I like this PA...
KRAKEN:EWTUSDLong
by ANobleNerd
Luna will nearly double before the end of 2022Chart pretty self explanatory. - used EWT and proprietary techniques I developed in confluence to obtain targets - used Gann to establish time to target - used common sense to "risk" September 5.00 calls for 1.10 last week (currently 1.40, expecting them to go for 3.00-5.00 before expiration) I recommend waiting until downtrend breakout for entry if you're not in yet and I if in already add there. Not financial advice but honestly these are conservative targets. If anything it will get in the 9s and consolidate or pullback before going higher. If you're in shares let this ride long-term, very high probability it will make a new high, estimate it will be trading around 28 in the next few years. Best, Luna Lovegood
LLong
by JerryManders
SPX Futures: Leading Diagonal into a 1 or A? Downside ahead.The analysis of the S&P 500 futures (ES) presents an intriguing scenario for traders, especially those new to the market. Let's break it down in a way that's easier to understand. Understanding the Market Movements Five-Wave Decline : The ES has seen a decline in a structure that can be described as a 'five-wave' pattern. In market analysis, a five-wave structure often indicates a complete cycle of market movement in one direction. Complex Correction Possibility : Initially, there were indications of a complex correction. A complex correction in market terms refers to a price movement that doesn't follow a straightforward pattern and often involves multiple peaks and troughs. Impulsive Move Upward : Recently, there was a significant and rapid upward movement, known as an impulsive move. This was the largest of its kind in about a year, suggesting a potential change in market sentiment or dynamics. Current Scenario - ABC Correction : Based on the recent price action, it seems we're in an ABC correction phase. This is a common pattern in market analysis where the price movement is divided into three parts - A, B, and C. We seem to be completing the B wave. Wave A: Completed in a leading diagonal pattern. Wave B: Currently in progress. Wave C: Expected next, which might lead to higher price levels temporarily. Future Predictions and Risks Potential Downturn : There's a looming financial crisis and geopolitical tensions, which could turn the current Wave B into a Wave 2, leading to a significant sell-off and a new downward wave (Wave 3). Primary Count - ABC Correction : The primary expectation is still an ABC correction, suggesting a rise to around 4400-4500 levels before a decline. New Lows Possible : If the downward trend continues post-correction, we might see new lows below 4100, possibly nearing 4000. Santa Rally : A short-term rally is anticipated, likely ending well before Christmas. Key Dates to Watch December 7: Futures roll date, marking a shift from one futures contract to another. December 15: Futures expiration date and a potential turning point for increased volatility, including in cryptocurrencies. Advice for Traders For beginner traders, this analysis suggests caution and vigilance, especially around the mentioned key dates. It's crucial to monitor market news and global events, as these can significantly impact market movements. Remember, while predictions and analyses are useful, the market can always behave unpredictably, and risk management should always be your top priority.
CME_MINI:ES1!
by bitdoctor
TTOO - Temporary Bottom LikelyThrough deceitfulness of the current CEO regarding a surprise share split, the stock has seen a lot of damage recently. However, keep in mind that in order for shorts to make their money/profit. They need liquidity to exit their trade. There's a ton at this level given VPR, that combined with the 0.886 Fib level, we're definitely at the max pain zone. Highly likely that shorts are exiting their positions in mass near this level. We're looking at an initial strong response of buying pressure due to mass shorts exiting + some high risk long entries, second move will be likely to a mix of short squeezing and new opportunistic buyers after seeing a solid higher low on the daily level. THIS ENTIRE PLAN IS INVALIDATED IF TTOO CEO COMES OUT AND ANNOUNCES PLANS FOR MORE SHARE DILUTION.
TLong
by ThePennyMan
5
This is the literal BOTTOM for Energy Web Token (EWT)EWT has broken out of a 2.5 year downtrend which markt the literal bottom if I know anything about TA. Focus on Renewable Energy EWT aims to accelerate the adoption of renewable energy sources by creating a decentralized platform where energy assets can be easily and transparently operated. Given the increasing importance of green energy, this sector-specific focus could give EWT a unique edge. Strong Partnerships Energy Web Token has built partnerships with prominent players in the energy sector. This not only provides it with credibility but also helps in real-world adoption, which is a key metric for any cryptocurrency. Not financial advice.
Long
by MickYe333
2
CVNA - EXPANDED OR RUNNING FLATPreviously, I had put a rather bold prediction calling a shot term top when CVNA first hit the $28.50 price range. Obviously, you cannot make a full prediction on how a correctional will play out, the most common of which are A-B-C setups. This is setup to be an expanded or running type of flat correctional. Based on the key trend-line we have yet to test, my money would be on some form of long-drawn out running flat on the come-down followed by a decent surge once bears fail to take it down below the lower $21 price range.
NYSE:CVNA
by ThePennyMan
Bears BewareThe S&P 500 is setup in a third wave extension, likely to burn out around the 448 range. The pullback to follow this will likely start out slow as bulls pull back their bids overall. Expecting this pullback to proceed to the $422-$428 range in early-mid august. I am best at predicting what, not when. Trend lines do great help in trying to assess the pace of the wave-count. This pullback will be the setup for one last bullish reclaim that could have us seeing as far as $460 before this correctional is completely finished up. This is one of the largest most substantial correctional waves we've ever seen on the S&P 500.
AMEX:SPYShort
by ThePennyMan
3
BTC- First WaveIt's so hard to fit this idea in a digestible way that can be viewed well. I've opted to just posting the most relevant part first and as we develop and update our count I'll post pictures till we're out of wave 1. CURRENT STATE: MICRO COUNT - WAVE 2 (5 WAVES TOTAL) We've got ourselves a nice little expanded flat it appears, the 1.618 extensions also line up perfectly with the VPR zone ($27,935) Honestly found my count to be very surprising especially on the eve of such bullish news for Bitcoin. But this is just the technical/wave count view. Our long-term overall price target is still $40,000 for our main count linked in the idea attached. Technical Notes - Volatility we're expecting doesn't fit very well with the auto chart and I suppose I'm a bit to lazy to make the proper adjustments. - No local trend lines so we're flying a little blind on the timeline of this move. - VERY STRONG CORRELATION OF VPR + 1.618 EXTENSION! This means this move is highly likely. Expecting it to happen rather rapidly.
COINBASE:BTCUSD
by ThePennyMan
BTC - Price will Bleed UPTIMELINE HERE IS NOT ACCURATE MOST LIKELY. Separate posts will be made as we make each micro-wave for short-term predictions on how they'll most likely pan out. Maybe just plan on using this as a long-term guide/hub to all the other ideas I'll eventually link to this original one. It was difficult to find relevant trend lines here so finding a timeline for the expected actions was difficult. The announcement of the largest securities brokers in America coming together to make a crypto exchange is indeed game-changing and will likely spark a significant rapid impulsive 5th wave extension likely to burn out around the $40,000 level. Technical Notes - The first wave was an expanded flat, so wave 4 did not enter the price territory of wave 1. - The ABC count is so incredibly highly speculative just putting in their as an example of some idea of what I expect to see -I do not expect price to follow these blue lines with any closeness, but they do represent the order of price targets I expect us to hit. First Wave This one will be the biggest, fastest, and most aggressive. But very likely will also see the biggest pullback. WE WILL NOT JUST GO STRAIGHT UP! But Very likely minimal pullbacks around the 5-7% range. Will post over the weekend what we're looking for specifically and link the idea here. (Other Waves and notes will be posted here as we progress)
COINBASE:BTCUSDLong
by ThePennyMan
1
Unity - The Planned Sideways MovesUnity has recently had a significant pullback after finishing a solid 1-5 impulse set. This is purely a technical play, trend lines were hard to find here for this due to the ongoing sideways nature over the past year of this stock. I will be making a separate post in the coming weeks about Unity detailing the structural schematic appearing to be an accumulation setup (Referencing Wyckoff accumulation Schematic). Technical Notes: The B Wave's height/pullback expected is not known, just made a base assumption off of the top VWAP resistance. The micro-wave count for the C wave is highly speculative. Looking for this to play out over the next few weeks.
NYSE:U
by ThePennyMan
CVNA - Bulls Are Just BeginningCarvana is setting up for quite the run. Despite seeing a quick increase in price from $15 a share all the way to $26, this Elliot wave count presents a sizeable 3rd wave extension. Right Now It looks like we've completed a minute 3rd wave extension, price is looking to move in a serious pullback. The $15.20 range is a big aggressive! If bulls are impatient or a short squeeze is primed, the minute c wave may barely past the a wave. Ahead? We need to see more price action before getting more specific price targets, but in the short term (next 2 months) I am eyeing the $30-32 price range before our next major pullback.
NYSE:CVNA
by ThePennyMan