wowzone

wowzone

In our previous idea we saw that the expected breakout would exceed 38k and today we are seeing prices above 39k, which we observe in a ending impulse wave or channel. Although it is true we have a resistance in the 40k that we must pass and surely it will be so. In my Elliottists analysis, we can see the formation of the minor fifth wave in 4H of a major...

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NASDAQ:TSLA remains in range for its fourth subwave. Although it has touched the 50% correction, it is not over yet and it needs more correction to look for its fifth wave and end its first major wave of a higher fifth wave. The next target would be approximately $256 to $260. Support remains at $226 and next resistance at $246, which we need to break to...

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NASDAQ:NVDA has gone through a great rise and we are currently entering a flat correction that should break further downwards given its increase since mid-October so we could see prices from $395 to $300 to see its correction completed. I am more inclined to see NVDA between $300-$350 in the coming weeks since the moving averages have not yet given a clear sign...

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The price of gold breaks its lowest high creating a bullish opportunity where it could take prices close to $2050. We are currently in the sub wave 3 that seeks to finish the major wave 3 of a higher wave 3. We find next resistance in $2027and support in $2007. The market structure is still maintained, which indicates stability for Gold. The TVC:DXY ...

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OANDA:XAUUSD The price of Gold has begun its upward trend. Investors await the release of US GDP and many earnings from US companies to gauge the strength of the economy amid concerns. If we take into account that we are in the formation of a third minor wave, it could reach levels between $2027 and $2050. Next Resistance Area $2007.5 Next Support Area $1994

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In our 1H and 4H Chart TVC:USOIL The price has finished its correction heading into a new uptrend cycle where it has finished its sub-wave 2, which it is a required correction. However, for its confirmation we must see the price break $78.5 as a main resistance. This might generate momentum that could drive prices between $81 to $85 per barrel in the coming...

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COINBASE:BTCUSD has reached to finish its fouth minor wave to start the fifth wave from the major fifth wave, which could lead us to 38k, just right on time to celebrate Thanksgiving. We can observe a triangle break up on the 15M and 5M with a motive wave formation . Price has to break 37860 to validate this trend. Remaining support zones: 37350, 36800, 36300 35800.

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We all know gold as a hedge agains inflation and uncertainy. It has take its time to reach a major trend i believe is capable of breaking all time high and reach prices over $2100 an ounce. We are positioned to finish the second wave from a major third wave so chances are to brake all time high and make a new high in the price of gold . Market condition...

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Crude Oil is ready for its rally, specially because production outrages from OPEC and Arabia Saudi will contiue to spring next year and have created a clear market structure. Once We break up the $80 zone, prices will start an uptrend (major wave 3) . Crude Oil prices, might reach a swing around $110 to $125 per barrel in the next following weeks or months....

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NASDAQ:QQQ H4 Chart is finishing its fourth wave with an expanded triangle a complex correction that might be over to start seeking our fifth wave initialized in $341. However, still to validate this structure it needs to break $399 mark; otherwise our correction is not quite over and we will meet a B wave instead and possible breaking the lowest point of the...

wowzone

As we can see in the H4 Chart Crude Oil is getting ready to an uptrend as long as it breaks its $80 resistance. Currently TVC:USOIL finished its wave C and hardly could break the lowest level of $72 since its correction has reached 70% since early May. Although a correction is close to come after this impulse for the $72-$77 forming a second wave or wave B...

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We need a major correction leading to amounts between $35050 to 34350. If we break these supports, we could even reach key supports like 33500 or 31000. In the case of Bitcoin, its correction is closely related to inflationary effects but beyond the fundamentals, the market structure can anticipate that, although we are in a bull market, we need liquidity that...

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We have seen how Solana has moved with good momentum looking for resistance in the $75 area. And of course, this type of impulse is to be expected in response to the long time in its major correction. Currently in a 4Hr chart, we can see the end of wave 3, starting the 4th wave with a complex correction. it is not doubtful to see Solana struggling to cross the...

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Price of BTC broke the 36k resistance, creating a new spot for 37,000-37,500 rally and finish the market structure of the 5th wave from a mayor grade wave 3. I strongly believe BTC is getting ready for new highs, giving the ETF turmoil, as well as the inflation and market conditions. If prices continues in this structure it is probable to reach $45k in a...

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Few days ago we mentioned formation of Wave 5th to finish upper degree of wave 1. This is happening now and prices could reach 36k to 37k in the next few days, then We have at least 50% drop Fibonacci retracement pushing price around $31.5k to $30k.

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BTCUSD got stuck in the complex correction of wave 4th, I could expect BTC price to drop around $33950/$33700 before initiate the fifth wave to reach values near FWB:36K /37k.

wowzone

Price indicates a drop to reach level of USD $79-$81 barrel, support level USD$79 to start a pull back into an uptrend. Obviously, we have to consider Israel & Palestine conflict if things get worst then it might change these parameters. However, price is doing what it is expecting before a pull back to the uptrend.

wowzone

BTCUSD has always create resilience in the market. Personally I believe price has to push a little bit higher near 36k - 37k to start a correction process driving the price back to 32-28k. BTC needs to create liquidity and give continuation to its uptrend. We will follow the price action closely and keep you posted!