PolkaDot was a very strong altcoin in 2020-2021 as you can see on the historical chart and we can cleary spot an impulse wave here. The coin in 2022 fell to the strongest support (0.618 FIB + Wave 1 horizontal support + POC + ABC correction). If you like fundamentals of this coin, this is definitely a good time to buy, because we have a strong confluence. The...
LTCUSD has been sitting at a 88.6% Retrace for the last few weeks nowholding above both it and above a falling Wedge that it's developed on the weekly timeframe. If it can bounce back up from here i think it will have 3 profit targets: $420, $515, and Finally $645 as that would align with the 100%, 127.2% and 161.8% Fib Extension targets. My targets for this...
On the daily chart we can see a massive falling wedge - bullish reversal pattern! Also we have a second local blue falling wedge, so the probability of a successful trade is higher. If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign. Regarding my analysis of Elliott waves, the major...
Whats up Bitcoiners. I believe this is the overall macro pattern we are in. were currently sitting on top the wedge so its possible for a break to 23k with the over bullish sentiment. After I believe we are missing wave 5 down to take us to the bottom of the wedge at 15.8 before we finally break upwards out of it. Sometime in August is my belief.
Ethereum is currently stronger than BTC on lower time frames, we can clearly see a base (rectangle) that is very close to a breakout! The main trendline has been destroyed by the bulls and now we are trying to get above the key local resistance at ~1280 USDT. We have 4 touches from the upside, which is impressive and next try can definitely break the base and...
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.
NVDA is making falling wedge pattern right at monthly and weekly support good chance to go up
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...