- If we take a look at the volume indicator, we can clearly see a massive volume spike, which is definitely a good sign!
- On the weekly scale, we can see a falling wedge that is very close to a breakout.
- As per my Elliott wave technical analysis - the huge impulse wave (12345) should be completed, as you can see.
- On the RSI indicator - there is a bullish...
- XRP on the daily chart looks like it wants to start a pump very soon!
- We have a parallel channel (on the daily chart) that is very close to break up.
- Due to my Elliott Wave analysis - the Impulse wave should be completed and now I am expecting at least a retracement.
- The trendline (from March 2022) is now definitely broken, which is a good sign indeed!
...
XMR looks like it is completing a potential zigzag where wave-c is only about 62% of wave-a. This implies that the entire zigzag should get retraced and we should see a powerful move to new all time highs.
Wave-c is also a potential terminal impulse which means it should be retraced very quickly. To confirm the terminal impulse we must retrace all of wave-c...
Possible pennant pattern at play for the USDJPY. Pennants tend to mostly resolve
in the direction of the larger trend as we saw in gold a few months back.
So the likelihood that this breaks down is not high and not as I was expecting.
Hopefully this does resolve to the downside as I would love to see some bullish
recovery rallies in all risk assets. Though...
- Bitcoin on the weekly/3D chart is currently sitting on the main support: Previous 2017 Swing high + 0.786 FIB + ABC correction completed!
- We are also forming a falling wedge pattern, which is definitely a good sign and can lead to a new bullish trend.
- As per my Elliott Wave analysis - ABC correction should be completed successfully!
- If you check the RSI...
The zigzagging nature of the OIL's price action suggests
that the bears are finding it difficult to keep OIL down.
Though we haven't enough evidence that OIL is a buy yet,
I suspect that OIL will be bought up at some point soon.
GER30 - Elliott wave – update - minuette (ii)
corrective zigzag in minuette (ii) is ended ---> motive wave should follow in 5 waves
confirmation break 14320
invalidation 14603
XAUUSD - Elliott wave update - subminuette wave v not ended?
rally from 1786 to 1836 looks corrective zigzag in micro wave 2
confirmation first 1817 then 1805
invalidation 1836
Cardano (ADA) is currently in a WXY (double zig-zag) in primary 2 which looks to take the price down to dangerous lows. The WXY is comprised of a zig-zag, expanded flat, and a zig-zag. The 1.618 extension of W gives us a price target of 0.02036 while the trend-based fibonnaci extension of AB in Y gives us price targets of 61.8 at 0.68USD 100.00 at 0.33USD, and...
HI guys
I'm here with a new analyze of The Sandbox coin
Is forming a compound correction and the place of it is Wave 4
The first section of corrective phase is a Zigzag and the second one is a Flat
Flat has 3 waves(a,b and c) that are shown in red in the box named Flat on chart
The wave C of Flat has made of 5 elliot waves that 3 of it has formed and we will...
After Zigzag corrections and drop below 1890 (as scenario A link below)
Buy zone which I found.
A. 1875 zone
B . 1843 - 1857 zone (1843 will meet trendline too.)
you will see large buy limit zone.
It is risk to place order now.
I will place buy limit at 1844
and wait to see its pattern after this again.
If Gold can break green dotted line, I may buy after break up too.
Mana currency is in a corrective structure that is Flat
And the Uptrend lind is supporting it
The correction is expected to end around 2 $ and start a bullish wave
If case wave 4 at 1890
now form expanding diagonal and target must higher than 1997
but another case in link Gold form zigzag and make some correction betwen 1952-1997 ( see in scenario A or image below)
so we will set TP1 as chart
If Gold are going as planned , I may set new TP or close to Sell.
NKE Potential for Bullish Bounce.
Good setup, Trend inversion, Inverting the Bearish trendline, now creating an ascending Bullish Channel.
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
EURJPY Monthly timeframe
It seems to be forming a zigzag that waves A and B have completed and entered the last wave of the zigzag and can grow up to 200.
Hi, Traders and all kinds of Speculants :)
Today I bring you some idea to consider.
BTC reached point where most people can identify upper trendline of Triangle. (Check previous idea in link below).
1) Many consider it as Ascending Triangle and expect BTC will continue UP.
(Yes, I also see raising interest of institutions and retail for BTC to protect...
