Ethereum (eth/usd) chat currently shows a midterm recovery oppurtunity die to the Elliot wave count that appears .. the falling wedge appeared as an ab-c correction followed by a bullish reversal,,, so Ethereum is expected to gain momentum to around 220 price level. Then we will be left with the decision if this is a reversal or short-term RETRACEMENT.
Ethereum is possible to see the low 1700 as shown on the chart.
Because, wave v needs to be completed for the Elliot wave impulse to complete.
The current push to the upside/bullish run may be inform of correction.
The chart above suggests that BTC is ready to retrace to form wave 2 after which we may be expecting a massive fall to the downside
On Bitcoin charts. On the four hour time frame as shown on the chart. There is a preceding impulse wave. That ended around 34,000. This is followed by an ABC correction. Which obviously failed to break the high. Of the wave one,...
From an Elliot wave point of View. All wave formations on bitcoin/usd chart after the fall to 3200 regiopn last week has been in form of corrective structure. In a bid to give these waves accurate and explicit count. We show you the wave corrections appearing as it is evident on the chart above in form of a simple correction pattern then another a-b-c that...
I anticipate a selling opportunity in the coming week for DXY, it is evident that there is a triangle wave pattern with wave (e) ending at 96.43.
A breakout of the triangle pattern is expected, with a target of 95 price level.
Ethereum (EthUsd) shows a possibility of a completed zig-zag correction at 3415 price level. This was followed by a bullish rally which can be decomposed into 5 wave ending at 4493.30 region. Then we saw a correction of a-b-c structure to 3838 price region. Ideally, we expect the impulse bullisbh move to resume to a potential target of 4860 price level.
BTCUSD currently exhibit a complete elliot wave corrective structure 5which terminated at 40,000 region. Therefore we expect a bullish rally to resume an unfold in a five-wave sequence to around 52600 price level.
on the 30M timeframe, the Us dollar index shows a complete bullish impulse composed of 5at subwaves, The bullish impulse terminated at 93.70 regions then we saw a sharp decline to 92.80 which forms an impulse having 5 subwaves. I, therefore, expect a correction to the upside to form wave B or wave 2, which will ideally be followed by a resumption in the bearish...
My analysis on btcUsd 30-minute chart Shows a potential corrective structure since we recognize an A-B-C structure that forms the first leg of double zig zag correction wave(w) and another A-B-C structure that makes up the last leg of the double combo.
Also, there is a descending parallel channel supporting the corrective strucre, I expect the corrective wave...
AUDJPY completed an impulse bearish move at the 79.00 region. Then it was filled by a bullish 5 wave count which ended at 81.655, we then witness a corrective structure in form of a falling wedge, this corrective structure may be wave (ii) or wave (b), Therefore, with the confirmation by the breakout of the wedge pattern we anticipate a bullish move to a minimum...
THE ELLIOT WAVE COUNT HERE suggests completion of an impulse wave, where wave 1 was in from of a leading diagonal.
We currently expect the market to push to the upside for a retracement/ or reversal.
I expect a further fall in price to the region of 1800 psychological number.
this fall we serve as our wave 5 before we now experience a massive correction to the upside.
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