Bitcoin recovered and surged back above $67,000 this morning. From a technical perspective, it is quite possible that the price is already working on green wave alt.5. However, only a breakout above the last all-time high at $73,808 will confirm this alternative scenario (40% likely). Primarily, we continue to expect a renewed sell-off into our green Target Zone...
We expect Ethereum to drop into our Target Zone (between $2807 and $1813). There, we expect the low of green wave 2 to be placed, after which the next major impulse wave 3 should start, leading to a new high for the year. If the price climbs directly above the resistance at $4091 (40% likely), we will already see it in the green wave alt.3.
VET returned into our blue Target Zone (between $0.0179 and $0.0292) last week. As we consider the blue wave (ii) to have ended, we interpret this development merely as part of the internal substructure of the same-colored wave (iii). Accordingly, we expect further rises and an overcoming of the resistance at $0.055. Investors could therefore open long positions...
Amazon should continue to decline with the magenta-colored wave (4) into our same-colored Target Zone between $176.91 and $161.83. As soon as it has established the corrective low there, a rise above the resistance at $201.31 is on the agenda. However, we will already see the price in the magenta-colored wave alt. (5) should the resistance be broken early.
The recent rise is not yet significant and sustainable enough to convince us that the low of the magenta wave alt.(c) has already been placed. This scenario (37%) would require a rise above the resistance at $0.9479 for confirmation. For the time being, we stick to our assumption that the altcoin should bounce back and fall below the support at $0.2874 before...
On the Disney chart, bulls and bears are currently engaged in a trial of strength within our magenta Target Zone (between $101.24 and $88.36). The price has already tested the 61.80% retracement once, but has since remained above this level. Primarily, we expect further sell-offs and, accordingly, a lower low of the magenta wave (2) in our Target Zone. Once this...
As can be seen, the price appears to be completing a 5th wave of 5, indicating the end of a bullish impulsive move that reached the upper channel line. Now, we could expect a bearish move in the form of an ABC correction or a reversal. To open a position, we should wait for a bullish corrective move, which could be either wave B or 2, and then try to catch wave C...
As can be seen, the price appears to be completing the first and second waves of wave 5. If we see a bullish breakout of our buy setup, we can assume that the 3rd wave is on its way. As a result, after that, any bearish retracement is a buying opportunity. This analysis is triggered once the price breaks above the previous high. Let me know if you would like me...
FET has risen significantly since our last update, which confirms our primary assumption that the turquoise-colored wave 2 has already been completed. With the same-colored wave 3, the coin should now climb above the resistance at $3.47 and thus toward a new all-time high.
VET gained sharply last week and left our blue Target Zone (between $0.0179 and $0.0292). In view of this neat turnaround, we now consider the blue wave (ii) to be complete and see the price in the same-colored wave (iii). This movement should reach beyond the resistance at $0.0550. Within the internal substructure, however, it remains possible that our Target...
We expect the MARA price to continue to rally during the blue wave (x). Only when the high is placed a little closer to the resistance at $31.30 should there be a sell-off into our magenta Target Zone (between $16.35 and $9.86), which completes the same-colored wave (ii) correction. Within this range, investors can open long positions, whereby stops could be...
The bulls and bears are currently engaged in a tug-of-war on RIOT's chart. From a technical perspective, the magenta wave (ii) could already be over. However, we are not yet convinced of this and give the price room to move closer to the support at $7.80. Only when the low of the move is established just above this level should the price turn around and rise...
We expect the Blackrock share to rise a little more before it completes the turquoise B wave. Once that is done, we anticipate a sell-off into our magenta Target Zone between $690.19 and $623.99. However, please note our alternative scenario (32%) which envisages an overshoot of the expected wave B top.
We consider the magenta-colored wave (ii) interim correction to be complete and expect an impulsive rise to above the resistance at $0.81.
We still locate the Occidental Petroleum stock in the wave (c). In the next step, it should therefore exceed the resistance at $71.19 to mark the high of the superordinate wave B in turquoise. Subsequently, there should be strong sell-offs.
Primarily, we expect further downward movement, which should take the price below the support level of $189.97. However, please note our alternative scenario (43% probable). This scenario will unfold if the stock breaks significantly above the $218.62 resistance level. In this case, we will have to assume that wave III in beige will make a new high after all. As...
CRO reached a new local low last Friday and then turned upward again. Based on this development, we now consider the green wave (ii) to be finished and see the coin in the green wave (iii). In the further course, the price should clearly overcome the resistance at $0.18. If, on the other hand, we see a sell-off below the support at $0.07 (30% likely), we would...
Bitcoin managed to reach a new low within our green Target Zone (between $58,655 and $47,012). This move is in line with our expectations. For the time being, we give the price a little more time and room to the downside to complete the current green wave 4. Our Target Zone can, therefore, still be used to establish long positions, whereby a stop 1% below its...