- Icon (ICX) Rank 77 on coinmarketcap is increasing every week. - South Korea government use ICON coin as enterprise adoption and solutions. - Market Cap $1,166,202,128 ### 24h volume $101,688,807 ### Max Supply: Infinite. - The price is above the HaS neckline and currently forming symmetrical triangle - bullish continuation pattern. - Expected duration of the...
A buddy of mine mentioned this when we spoke about "high conviction trades" My HCT is 3D printing. This is his. I took a look and it appears we're setting up for what appears to be a potential 5th wave of a leading diagonal. This in theory if it proves to be right, should kick off the first motive cycle. Right now it looks like it can go either way. If price...
«Magnit» - is the largest Russian retailer with the largest number of retail outlets and geographical coverage. ●● Mine scenario ● 2D LSIN:MGNT Admittedly, these red boxes with a terrible layout have always been alien to me. Having experience in retail chains, production and warehouse logistics - i can say - when you enter their buildings, you want to...
Bitcoin Dominance Weekly Chart (BTC.D) - On the chart we can see 2x Head and Shoulders Pattern. - Currently the second one is bearish and the price is currently on the HaS neckline support. - You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins. - As you can see we have a double top reversal...
I like $REFR to breakout of its bullish pennant this week. If it does it will serve as the leading diagonal for a wave 1 of 5. I think it currently is situated as C of ABCDE, which will launch it into the picthfork comfortably. Price target is >7.25 in 3-5weeks. If this continues there will be a retraction after the ABCDE which is the start of wave 2/5.
Pitchfork looks good with the first two pulses staying within range. First waves are not Elliott impulses because 4th wave corrects below the top of the 1st wave. Instead it appears to be a leading diagonal for the 1st o 5 waves. Price target o 16 before a retraction to the second wave. Price Target of 25 by Summer if trend stays inside of the pitchform....
1h time frame: probably we have a leading diagonal triangle in 5 waves. use buy stop command. stop loss and tp point shown on chart.
Hello all, It's pretty clear that we have a zig zag correction playing out here. Waves 'a' and 'b' have already been put in. This leaves us with the final wave 'c'. There is a strong possibility that it is already complete and the low has already been put in (please see linked idea below from Nov 22). A breakout to the upside will take price to the 1910-1920...
All of this will depend on how $BTC behaves.
Hey everyone, I hope that you've been studying the markets, and preparing for the upcoming trading week. Right now I have a short t.a that you can take if you want. I am not going to, since the R:R is just slightly out of what I would want to risk. Elliotwave analysis: Hey guys, so right now, we are seeing what looks to be a leading diagonal. I hope you have all...
A Long position can be traded in the market, as the 5th wave tends to complete the zigzag pattern formation. If we count numbers of zigzags formed, it can be clearly seen the 3-3-3-3-3 Diagonal formation is almost complete. This signifying the possible break out to the 1.628 position. Please kindly check the chart for details. Kindly like, follow and comment...
Is it really a wedge pattern formation right now on usd/jpy ? If so, what may happen is price is gonna brake above resistance level forming wave 1 and then retrace to form wave 2 and then the wave count continue. Any other opinion on this analysis ?
CPRI Capri Holdings of for a good start! After an insane dump of 95% over 6 years time, CPRI Capri Holdings might be your best buy of 2020-2021. Clear 33333 leading diagonal into the 1, you would want to catch that retracement at the 2!
the move lower from 1765 area looks very leading diagonal-ish. If this is operable count, another probable dip below 1717 for wave 1, then I would expect a really deep wave 2 retracement, then the bottom should fall out in wave 3 of 1. Look for bullish divergence on stock RSI 1 hour on dip below 1717 to indicate end of 5 of 1.
the move lower from 1765 area looks very leading diagonal-ish. If this is operable count, another probable dip below 1717 for wave 1, then I would expect a really deep wave 2 retracement, then the bottom should fall out in wave 3 of 1. Look for bullish divergence on stock RSI 1 hour on dip below 1717 to indicate end of 5 of 1.
Analysis of potential structure with an impulse unfolding to the downside
It seems XRPUSD is presently nearing the end of a leading contracting diagonal. There are a few rules to be observed with these, and the price action of the last couple of weeks abides by them so far. In a leading diagonal, waves 2 and 4 have to zig-zags (I've drawn those in); it's clear in the chart that they are. Wave 1 was also a zig-zag, albeit a very large...
I assume that wave A of a larger corrective pattern is developing. And we will see more weakness in the days to come for Audi