Hello traders, what's up? Today let's take a quick look at AUDUSD, and what kind of future does the pair have. On daily chart of AUDUSD we can see that price can be trading in a bearish trend overall, especially since price made a major break below the lower channel line, connected from 2016 lows. This channel line then also become a nice resistance area, from...
On BTCUSD we are tracking two different wave counts on a daily time frame, as its unclear if market is already back in bullish mode or are we going to see a new 2018 low first. But short-term direction is bearish after recent turn down and strong break through 7k level so ideally there is an intraday five wave fall in progress now. Based on recent extended leg...
Hello traders! Let's learn something. FX:EURTRY has been trading bullish for some time, but at the end of May slowed down, clearly in a three-wave A-B-C correction with the same length of waves A=C, which are actually ideal three waves down in EW theory for a regular correction. As we know, in EW, five waves indicate direction of a trend and EW also says that...
Hello traders, and welcome to another update about Crude OIL. Crude Oil has been trading quite bullish the last year, unfolding a five-wave price movement from July of 2017 lows. We know that once a five-wave price movement fully unfolds, that is when a new change in trend may happen. In our case, this may have already occur as we see price currently sharply...
BITSTAMP:XRPUSD turned into a bullish mode from 0.45 level with impulsive manner just like other cryptocurrencies. We know that impulses show direction of a trend, especially if we see five waves and which means more upside will be expected after a three-wave (A)-(B)-(C) of retracement, which is already underway and maybe in late stages. Support zone is coming at...
Hello Crypto lovers! As you know, we are still bullish on many cryptocurrencies, the only difference is that some of them are looking for wave 3 and others for wave 5. Tron is one of those, which are looking for wave 5, as you can see on this 4hour chart. So, BINANCE:TRXUSD can be unfolding a five-wave cycle after we saw sharp and impulsive rally from 0.02269...
Traders, Welcome back to new video analysis here at tradingview. I am looking at EURUSD, and USDJPY where we see some dollar bearish moves in the near future. At the same time, XXX/JPY pairs can fall even more if stocks will continue to weaken. I will also touch crude oil that turned lower very aggressively last week, but there is room for another 10% drop,...
Hello traders, today we are going to take a look at EURJPY. EURJPY is currently trading in a temporary pullback from the lows, which we think can be corrective wave 2. Corrective wave 2 is part of a five-wave cycle and represent the first correction within an impulse. In Elliott wave theory corrective waves must have minimum three legs for a potential completion,...
Crude OIL has been in an uptrend since June of 2017, a five-wave cycle that can come to an end. Specifically, we see energy trading within an uptrend channel, currently in the fifth wave that is testing the upper parallel resistance line where the fifth wave can look for a top. In fact, we see a wedge pattern forming up in the last month or so, which is normally...
Hello Traders! We found very interesting coin with a known pattern and that's BITTREX:SYSUSD ! Well, as you know we are tracking many patterns like this one, for example NEO, OmiseGO, Ripple and Dash, which have, in our opinion a clear bullish setup. Five-wave rise into wave A/I from lows suggests a bullish reversal and slow three-wave pullback into wave B/II...
On February 16th EURUSD found a top and since then has been trading strongly to the downside, especially from March highs when pair turned lower into a new five-wave impulsive reaction. An impulse is a five-wave development that indicates the direction of the trend and in our case this is to the bearish side. Now as we look closer, we can see price specifically in...
Hello Crypto lovers! We have seen a sharp and quite impulsive bounce from April lows on BINANCE:NEOUSDT . Five waves up can be unfolded, which gives us the first evidence of a bullish reversal into wave A/1. As we know, after every five waves, a three-wave pullback follows. So, at the end of April price slowed down and dropped into correction, as you can see,...
Hey, hey, Hey! How are you everyone? After a month or so we have seen a very nice and strong push up on some cryptocurrencies. EOSUSD moved very nice since last update and it appears that there can be more gains ahead. I am watching levels around 14-15. BTCUSD also recovered nicely recently, and more upside can be seen, either after a flat or after zigzag based...
As expected, BTC is moving nicely higher and there's room for higher levels as long as the price keeps trading above 7170 level, especially because February lows still hold and bottom can be actually in place, but first we want to see five waves up from the lows to confirm a bullish reversal. Disclosure: Please be informed that information we provide is NOT a...
If stocks would come lower then this may have an impact on XXX/JPY pairs still. NZDJPY is looking weak at the moment, possibly completing flat in 2? A little bit too soon, but can become even more interesting. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational...
Good morning traders, XXX/BTC crosses becoming more and more interesting, which can be also a good evidence that XXX/USD coins approaching the bottom, so another interesting coin is Cardano (ADABTC) in which can see a sharp move from lows, labelled as wave 1, then we can see a clear three-wave (A)-(B)-(C) corrective movement into wave 2 and then the most...
Hey, hey, hey. Whats up followers? Are you all in cryptos still or already started following different, other assets since crypto world turned down? I would be interested to get your answers in commentary below, especially from new market participants who joined this crazy world in finance last year. Today I will take a look into stocks since this market can be on...
Traders, welcome to our new video update. This time on BTCUSD and EOS. I know that BTC made a very deep pullback, but this 2017 trendlien can be very important, so watch out for a reaction around it. If broken, we can see a fall to 4k, but if holds then upside potential can also be very nice. So now when BTC is at "do or die" level here around 6k-6.5k, it can...