farhadnmd

farhadnmd

A clear cup and handle pattern is forming on the monthly long-term gold chart. The confirmation of this pattern will be the overtaking of the recent ATH at $2075 and the targets of this scenario will be at $2775 and $3492 for the major cup and handle and 2367 and 2567 for the minor cup and handle pattern in case of confirmation (>2075). In another scenario which...

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BTC is painting a bearish flag pattern and the pattern will be confirmed in case of breaking down of the bottom support of this flag at around $40K, this scenario can drag the price down to 26 - 27K which is the projection of this pattern and also the support of the main huge broadening wedge pattern on the weekly chart as well as the wave E of Elliott waves. This...

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SHIB made a clear bearish pennant on 4h chart and it's ready to break down. The ultimate target for this pattern is around 0.0000139 This analysis will be invalidated if it closes a candle above 0.0000236

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AR just painted a head and shoulders pattern and recently broke out of the neckline of this pattern. Since the whole market is bearish and on correction right now, AR will also see more dips. I think we are on the "A" wave of Elliott Wave counting. I expect the A wave to end at $18 and then bounce back up to the bottom line of the main head and shoulders which...

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ChainLink just broke the most important support level at $16 and now the price is heading to the next support levels. The target projection of the main head and shoulders pattern is around $4 but before that we have some initial supports to hold the price at $10 and $5

farhadnmd

According to the previous analysis DXY bounced at the mentioned support level with a double bottom pattern. Now DXY is ready to make another leg up and this move clearly isn't good for commodities and that's why I expect a crash in the commodity markets like stocks and crypto

farhadnmd

Nasdaq just broke out of a rising wedge which is a fractal of the March 2020 crash but on a larger scale. This potential crash will affect all of the markets IMO. This Analysis is My Personal Opinion, Not Financial Advice. DYOR

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We are now at a critical point in the markets since the Wallstreet and other commodities hit the ATH with an outstanding performance. This is how I see the S&P500 Index for the upcoming weeks and a huge crash is possible in the markets. If this scenario plays out this %32 drop is coming after the %100 rally in SPX and 3K is the main support for this crash IMO.

farhadnmd

If the bearish market keeps on we can see SOL trading at $72 and then after a pullback to $114 drop down to $32

farhadnmd Updated 

Bitcoin is still on a deep correction and the whole market seems bearish. This is my view on Bitcoin for the weeks ahead. I think it will not stop dipping until 25K. A shadow to 21 - 22K is also possible. Elliott Wave count and support cluster indicates that BTC price has to see 25K before any other moves

farhadnmd Updated 

Ethereum is struggling with an important support level. This is the last defense of bulls to take back in control IMO. If it breaks this support I expect a crash to $1.7K and then a pullback to 3K level to complete the right shoulder of a huge H&S pattern and then the real bear market kicks in with the target of $1.1K. This scenario can be played out in case...

farhadnmd

Alice is making similar patterns as previous ones on its daily chart so I expect it to repeat the next patterns as shown with the initial target at $19 and the main target at $33. A daily candle close below $10 will invalidate this analysis

farhadnmd

AAVE is making the same fractal as it made a couple of months ago and now I expect it to make another bounce from here to $360 with the same details shown on the chart

farhadnmd

Bitcoin is now trading at $43K which is an important support for BTC to bounce back up. I expect it to make a bounce up to $52 - 53K so after rejection at this level the right shoulder of a clear head and shoulders pattern will be formed and then after losing $47K and $43K key support levels the H&S will play out and dump the price to $25K which will make the "e"...

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FTM is at the resistance of a triangle and the most important level to determine if it's going to be bullish or bearish. If a daily candle closes above 2.4488 the higher target at $12 is reachable. In another scenario if this level gets rejected the right shoulder of a head and shoulders pattern will be formed and in case of losing the support at $1.4 next...

farhadnmd Updated 

As we see bitcoin is repeating a fractal of that latest dip on the weekly chart. If the next candles follow the pattern and maintains the fractal bitcoin can regain its ATH level in three weeks

farhadnmd

Bitcoin Dominance is on the edge of a big move either upside or downside. %40 is an important level for bitcoin dominance to support. If dominance can't bounce at this level it will go straight down %30 which is actually an altcoin party! In another scenario bouncing at 40 will make a bloody hell for altcoins! A weekly candle below this level will confirm the...

farhadnmd

FIL just formed a falling wedge on the daily chart. I expect it to break the wedge upside and then breaking the long-term resistance which is overlapping the EMA50. After that I think it will reject the resistance at $53 and bounce back at $40 as a retest to the broken resistance (and EMA50 as well)