Auto finance price analysis
price is at break out or break down point with a week it must break out or break down watch the chart for the possible outcomes.
not a financial advice.
IF you are an Elliott wave trader, you have to confirm that this is a valid EW count.
As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021.
On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our...
Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart.
Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend.
We have a broadening wedge / descending channel, which are usually both bullish patterns.
Also the price is printing a local ascending triangle in the...
XRP can finally make an uptrend, we have a local descending channel on the daily chart, which is very close to a breakout!
As per my Elliott wave analysis, the ABC correction can be completed, so we there is a great chance for an uptrend.
On the RSI indicator we can spot a bullish divergence with higher lows.
We haven't retested the massive yellow...
Apple has rebounded on a maxi support ($ 125 - $ 140) which originated in August 2020 (as resistance) until July 2021 where the price passed $ 140.
It currently appears to anticipate the market by breaking a Falling Wedge with a rising low on a daily chart.
Now we can trace the first FIbonacci Extension which will designate precisely the extent of this...
there is a bearish flag for short term which stands for a bearish move, but for the long term we are in a falling wedge (which is bullish) + we are in a demand zone. Not financial advice but probability of 2/3 we wont have 15k$ (BTW 15-10K$ sounds like 100-120K$ of December 2021)
Due to my technical analysis, i think this downtrend can be over and we can expect a pump anytime soon!
On the daily chart we have a broadening wedge and also a local ascending triangle, both bullish patterns.
If we take a look at the RSI indicator - we can spot a bullish divergence, always great to see.
As per my Elliott wave analysis, the massive...
AAVE is ready for a new bull market!
On the macro scale, we can see a falling wedge pattern that is currently breaking out.
As per my Elliott wave technical analysis, the ABC correction has been completed and because of that we can expect a new Impulse wave.
Good news is that the price has been supported by 0.786 FIB + yellow trendline.
We didn't make a new...
Price is printing a falling wedge which can be a reversal or continuation pattern in this case may be a reversal pattern also looking at the RSI a divergence can be seen which also indicates price can reverse. I will not buy yet but will not sell this pair either in this case.
On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout!
Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important!
This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity...
On the daily timeframe, we can see a descending parallel channel - bullish pattern that is close to a breakout!
ABC correction has been completed successfully (ZigZag) at 0.786 FIB retracement of the huge Wave 1
We can definitely start a new uptrend from here, so if you like this coin and fundamentals, there is an opportunity.
You can wait for the channel to...
XLM is very close to the 0.618 FIB retracement of the huge Impulse wave from 2020-2021.
Also the price is close to a massive horizontal support line from 2020.
I expect last wave to the downside to finish this downtrend and then I can see at least a retracement back to 0.25 USD.
As per my Elliott wave analysis - an impulse wave to the downside is almost...
- On the weekly macro scale, we have succesfully completed an impulse wave (12345) to the downside!
- And because of that, i am expecting a retracement (ABC) to the upside.
- Target for the retracement is 0.618 FIB or if you are more conservative, you can choose 0.5 FIB + start of the wave 5, which is also a reasonable target.
- We have a hammer candle at the...
Breaking out falling wedge pattern but facing big overhead cloud ends up at 280 - closing above 280 should open the gate for new bull run - rejection from 280 or lower could lead to bearish pattern targeting double bottoms between 240-230-220 . both scenarios are valid. RSI at down trendline since Nov last year - same if breakout on Monday then bullish signal for...
Here is a Kucoin Banger for you folks,
One thing I like to remind my students in our VIP group about these Kucoin spot trades (especially the coins with low liquidity) is to layer your take profit area's. Since Kucoin doesn't allow for a stop loss and a take profit to be placed parallel to each other on a single trade, its more important to have a stop loss in...
- On the daily chart we can spot a falling wedge - bullish reversal pattern that is currently breaking out!
- Also we can see a local ascending triangle, also a reversal pattern.
- As per my Elliott Wave analysis, this impulse wave should be completed successfully.
- Now I am expecting a retracement to 0.618 FIB + previous swing low from February.
- Look at my...
