The price is testing the 4h resistance on the triangle.
The price had a breakout from the dynamic resistance and now the market is testing the 0.618 Fiboancci level. If you look on the left you can see that the price has a supply zone on 2 - 2.1 $
How to approach it?
The price needs to create a clear breakout from that area.
If the price is going to get momentum...
Hi Traders,
This idea presents Long opportunity for RUNE... which is quite solid project, and form quite different structure from other " S "-coins. :D
In my opinion we are actually forming wave (v) of C or 3 down. so Im waiting for LONG signal on 4H RSI which is currently Konverging.
My Buy zone will be area 5.2 to 3.8 USD.
Sell zone is 6.5 to 7.5 USD....
Hi
My previous Elliot analysis is expired. In this situation, we are in wave fifth with ABC structure. We have ending diagonal. The Chanel of this structure is so clear.
You can sell btc at 39000-39400 with tp around 33000-33400.
Have good trade
Yours
Hello and welcome to this analysis on Mphasis.
In the daily time frame its been in a sideways trend now for quite some time forming an Ichimoku P Wave.
We can see each swing zone has a 3 leg structure testing the 2 trendlines.
Currently it appears to be ending the 1st leg of the the last wave down (likely), a small bounce back from the current level and then the...
#BNB/USDT
$BNB AB=CD pattern shows downtrend can be end around $100
🐻price is below middle line of weekly descending channel, but still the weekly candle is open.
so close below middle line will drop price more to touch lower line around 2.618 fib level to complete ab=cd pattern.
🐮 if weekly candle going to close above middle line price can head up to break out...
Last time we discussed the RSI buy signal on the 2-day graph. This happened at $37 640. This signal has long-since been stopped out.
What many fail to notice is how these RSI strategies don't hold some mystique truth that no one else knows about. The buy and short signals have an average win rate of 30-35%, meaning that most signals in fact do get stopped...
Trend continuation 30 time frame. after being in a bearish trend (the pole of the flag) moves into the bullish parallel channel. The current price is at the middle of the channel. Two possibilies are here; The bearish flag pattern will come into play and price will drop sharply if it breaks down the channel. However the breaking above will result in bullish...
Be sure to stick to Stop Lost and Take Profit. This is an idea and not a bargain offer
It has a triangle-like structure, but lower levels can also be imagined
On going 'C' wave correction (5wave down) is yet to finish with one more leg down(E).
The progress of 'E' wave will end on 26th April(61.8%of A+B) at 15750
IF the odds or more this wave has the potential to bring NIFTY to 12800 (161.8%of A+B)
LOGIC: the possibility of extended 'E' wave is inevitable since 'C' wave is NOT extended
The price is testing the monthly resistance, a key level at 25$ the price got rejections in the past after a triple bottom on the 19.5$.
The price got a rejection exactly on the 26$ where the market has a 4h resistance and dynamic daily resistance.
On 4h Timeframe the price is trying to create a new higher high.
How to approach?
We are waiting for the breakout...
Hello, Hope you all doing well well !
Lets analyse the TRX on Weekly timeframe for a long term investment. :)
It seems that price is making a triangle with 5 waves ABCDE. According to "fib time zone" tool, we have a important time on august 2022 that it can be the end of E wave. ( last wave ). Then price will increase to the targets which I marked on the...
MKR looking to have finished a 4th wave correction in the form of an ABCDE triangle. confirmation upon breaking upwards out of the triangle. invalidation if we break below swing low
Hello and a warm welcome to this analysis
Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime.
In this weekly time frame a triangle in wave 4 is coming to an end. Post...
