On the daily chart we have 2 parallel channels that indicate 2 impulse Elliott Waves. As per my Elliott Wave analysis, this huge impulse wave has been completed and now we should go sideways or down! The first trendline is breaking out, and usually that means that other trendlines will break too. The first target is at wave 4 + 0.382 FIB + parallel channel...
Hi Guys! here we see a descending channel(ETHUSDT;D1) and the price have touched the top of the channel if the price breaks the HL it may go down to the bottom of the descending channel :) The analysis is based on the Elliot Waves and Elliot patterns TOO ]:
I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully,...
On the daily chart, we can spot an inverse head and shoulders, a bullish reversal pattern. The main trendline has been destroyed by the bulls! And now we are trying to break the main resistance. Also, we have a falling wedge on the LOG scale, which is a very bullish sign too. If we take a look at the volume indicator, we can see an elevated bullish volume -...
In my opinion, Litecoin will never die because it was the first altcoin, forked from the Bitcoin blockchain in 2011. On the weekly timeframe, we have a falling wedge and the price is currently breaking out! As per my Elliott Wave analysis, a massive impulse wave has been finished and that's why I expect at least a retracement. The profit target is at the...
EURUSD successfully maintained the 1.0 USD level.This is a significant psychological level! As per my Elliott Wave analysis, this huge downtrend should be over, and now I expect a corrective move to the upside. An impulse Elliott Wave has been successfully completed. Let's see how big this correction is going to be. On the daily chart, we can spot a beautiful...
CHESS is completely ready for a massive uptrend! A 1-year trendline is breaking out on the LOG scale, which is always nice to see. Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump. If we take a look at the volume indicator, we can see elevated bullish volume, so another great...
On the weekly chart, we still have an incomplete Impulse Elliott Wave and I think it's the right time to finish it! The bulls successfully defended the 200 moving average, which is very important. 200 MA is considered as a huge support/resistance zone by huge institutions and hedge funds. Check out the volume profile indicator. Here we can see a gap that...
This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this...
First of all I want you to take a look at the volume indicator - there is the highest volume spike since the coin was listed on the exchange! This coin is currently #2 on TradingView Binance USDT list. Price is printing a descending parallel channel on the daily / weekly time frame and it looks like the bulls already destroyed the main trendline. Also we can...
On the daily chart we have an impulse Elliott Wave that has been completed and because of that, I expect an ABC retracement to the upside! A very strong resistance is at 1.13 - 1.00 USDT, we have a great confluence in this zone as you can see on the chart. Confluence: start of the gap + end of the wave 1 + end of the second wave 1 + 0.618 FIB retracement + 200...
The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders. I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)! Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC...
XRP is the most hated and most loved coin on the crypto market, no doubt about it. I personally like XRP, because transactions are extremely fast and super cheap, but the price action is another level! But let's take a look at the weekly / 3D chart and do Elliott wave / chart patterns technical analysis. As you can see there is a huge symmetrical triangle...
We have a tremendous confluence to buy cryptocurrencies for a long term at this moment! It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. 200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area! 0.382 FIB retracement is also a...
FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB! We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low. My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here! If we take a look at the volume indicator, we...
This altcoins has an amazing trade setup for bulls! On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout. As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now. On the log scale the price is printing an descending channel and this is a...
PolkaDot was a very strong altcoin in 2020-2021 as you can see on the historical chart and we can cleary spot an impulse wave here. The coin in 2022 fell to the strongest support (0.618 FIB + Wave 1 horizontal support + POC + ABC correction). If you like fundamentals of this coin, this is definitely a good time to buy, because we have a strong confluence. The...
On the daily chart we can see a massive falling wedge - bullish reversal pattern! Also we have a second local blue falling wedge, so the probability of a successful trade is higher. If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign. Regarding my analysis of Elliott waves, the major...