assalamualikum friends i hope all are good.
market is bullish and follow the dow theory create a higher higher.
and according to Fibonacci market is bounce back on 60 percentage of Fibonacci.
so good luck take trade.
On the 22nd June 2019, Algorand opened at a price of around $3.28 on Coinbase, and slightly higher on Binance.
Over the next few months, it dropped to around $0.1648 (maybe $0.1618 on some exchanges) and then $0.097 at the Covid crisis.
Before the 2021 bull run, in November, ALGO's Support level was around $0.2247 (Point X of the harmonic) before it began its...
The market is currently displaying signs of an ABC correction, with the focus being on wave C. Key level to watch is 1500, as a substantial amount of liquidity has been accumulated during the trading range in this area. This could potentially provide an opportunity for traders to enter the market if the long positions are flushed out.
The Fib 0.5 level of the...
Unravelling the Future of Bitcoin with a Combination of Elliott Wave Theory and Fibonacci Analysis
As a Bitcoin enthusiast, I acknowledge that forecasting the future price of Bitcoin is a complicated and daunting task. While I do not claim to possess a magical crystal ball, I do possess a deep-seated passion for examining market trends and analysing data....
ALGO - Fib Time & Space Predictions using the Power of Pyramids
the length of each segment of the blue rektangles is equal to the time price spent inside of the price range of the pyramid (diamond)
so using pyramids give us knowledge about time AND space
that lower triangle caught my eye a while back and i had to leave it on there
interestingly it lines up...
The breakdown of the diagonal is likely a HTF Primary W1 into W2 because it's on the monthly. Typically a leading diagonal is a bearish precursor to a reversal.
Also leading diagonals most likely form a wave 1 into w2 set ups.
The 786% might be too optimistic, as the wave 1 was 5 up which means sub wave A which equals the 5 up diagonal which equals the HTF w1...
Hello everyone, I invite you to review the chart of BTC vs. USDT on a four-hour timeframe. As we can see, the price is moving in the local pattern trend channel.
Now let's move on to marking the support points that the price has in case of further declines. And we can see that the first support is at $22955, the second support at $22679, if the price goes lower...
My analysis today deals with how the further course of our popular currency pair "EUR / USD" could look.
> The technical analysis and selected indicators, confirm the thesis of an imminent correction.
= Why this is so, that I explain after the introduction.
The DXY / USD has a non-negligible impact on EUR /USD, as the whole economy depends on its behavior.
I want to say bottoms in but really can't, all prior corrections have corrected around 84-86%.
Now that doesn't mean 77% correction isn't possible as this is BTC and anything is possible.
But seems like there is much confluence around $10,000 and a push here to $25k would need to keep running in order to invalidate my analysis.
Seems more probable that $24-$26K...
Fibonacci Retracement plotted on NSE:NIFTY suggests that triple bottom has been confirmed on
50% fib level around 17,792.
Trade plan has been shared with Risk / Reward ration of 1:2
Entry : 18,082
Exit : 18,710
SL : 17,776
Good Luck !!
Hello everyone, let's look at the ETH to USDT chart on a 1-hour time frame. As you can see, the price is moving on the border of the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1667, if the support is broken then the next support is $1653, $1638 and $1617.
Now let's move to the resistance...
The market has been stuck in a trading range at its highest levels for more than 10 consecutive days and with the start of a new month, it's a great time to look for potential buying opportunities.
As investors, it's always exciting to explore new opportunities and reap the benefits. In this scenario, it would be beneficial to see if the market tests its lows once again.