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...
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...
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
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...
Ada has just finished 5 waves down as part of Wave A of a ZigZag correction and its currently ready for a corrective wave B before collapsing into the C wave
of the ZigZag correction.
- We have a new parallel ascending channel on the 4h chart.
- Bulls need to break this channel to the upside, for continuation in this uptrend.
- The previous triangle structure can be definitely re-tested in the future, so be prepared for this case.
- But a major trendline from 10. November 2021 is now broken, so the trend switched to a bullish trend.
- If...
As previously mentioned, price should now be in Wave iii of C (please refer to linked idea below).
Following the lower degree wave 1 of iii, the lower degree wave 2 of iii is currently being printed. This is commonly a Zigzag resembling a 5-3-5 wave structure.
We saw the initial 5 waves form during the earlier part of this week. The 3 waves of the 5-3-5 now...
Gold similar to oil conitnues to drag its feet and move in an ascending (bearish) pattern by
making higher highs and then correct strongly downward. This zigzagging price action OFTEN
indicates WEAKNESS. Gold is ALWAYS mistaken to be a safe haven when times are tough for the
general markets. Well this is NOT the case and has not been for most of its modern...
- This is a bullish scenario for Bitcoin, if this scenario is wrong, then now we should see a small ABC to the upside (40-42k) and then another small 12345 Impulse down to 20-30k.
- For now this huge ABC correction has been completed succesfullly, but we do not know yet, if this major ABC correction turns into 12345 Impulse to the downside.
- The price is...
Wave 4 overlapped into the price territory of Wave 1 whilst maintaining structure. Could possibly see another test of Friday's low but expecting price appreciation to fulfill the diagonal Wave 5.
Please refer to linked idea below.
I hope you found this useful, do leave your thoughts in a comment below. As always, a 'like' and 'follow' provides encouragement to...
