It's not yet clear if the correction is over or not. Price is currently testing strong gray resistance. I'll consider the bullish trend is back once we break the purple level. The lack of RSI divergence still gives us a decent possibility that one more leg down is due.
Cosmos (ATOM) has been in a bearish trend since early 2022. I believe it should complete this bearish triangle before visiting the ~$4.5 area for the last time. If my counting is accurate then it should target a new all time high in the future.
FX:XAUUSD is consolidating above the important for the market level of 2378. Bulls are trying to keep the defense above this zone in order to continue growth on the background of weak dollar. Gold is recovering after leaving the correction channel. The price is once again near its highs (ATH), within the current move the price could quite possibly renew it if...
BINANCE:BTCUSDT has been showing bullish prospects all week and has been consolidating above key zones, preparing to go higher, but on Friday the market changed to bearish and there is a reason for that. BTC lost 3.3% on Friday and is currently painting a bearish picture. There are two reasons for this: Inflation related news, basically proving that...
Possible wave 4 of C is in progress and should soon complete. Wave 5 of C is the last leg down and will probably reach the 1.618 Fibonacci level before the market shift up. Good LUck
Since the beginning of May, Bitcoin has embarked on rather bullish looking wave structures, in response to the dive of late April that landed the coin just around the 57 k mark. In Elliott Wave perspective, per the principle by which market structure is built, BTC has clearly completed a five-wave impulse, and has corrected this advance in a three-wave pullback,...
#DYOR This is by no means a financial advice, rather it's my own personal opinion regarding the ETH/USD outlook that I expect to play out in the coming week.
📉 BTC-USDT with Elliot Wave Theory Analysis 📈 I've been advocating for Elliot Wave patterns this cycle since I spotted similar fractals across crypto charts. I've been following fractals on SOL, DOGE and BTC - and they have all been extremely reliable thus far. As I've discussed in previous posts, BTC normally stops at a -30% correction. That will put us HERE...
- Gold is moving very impulsively to the upside - We're more than half way into the move - The projection now is that gold will reach 2500-2520 without major pullacks
Bitcoin finally revealed its direction and its bullish. On the chart we can see 2 parallel channels. The first one is currently breaking out and there is no doubt that the second parallel channel will break as well. Next resistance is exactly at the top of the first parallel channel, I am expecting a pullback from this strong dynamic line. From the Elliott Wave...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Yesterday we took a look at altcoins that are not doing great - today we'll list a few alts tat are performing well and still have further upside potential. 👍 TRBUSDT 👍SOLUSDT If Solana can CLOSE above $150, it is highly likely that the Elliot Wave theory is still in place: 👍 RUNEUSDT 👍 BNBUSDT BNB is looking strong, it's likely we'll see a new ATH...
It is interesting to study the Production/Accumulation/Distribution/Industrial Demand as well. Silver seems to hit a breaching point where physical prices have a premium about +45% for buying it and +20% for selling pure silver bullion coins. Troy oz./oz. is about 1.10, which should reflect a recomended trading price of 25.4$ per troy oune. Anybody able to buy at...
Gold is close to its final high at just under which should be in a range of 2505$ to 2646$. Theoretically, a target of $2915 would still be open on the upside in the gray (y). However, this does not fit into the sub-waves and would require a significant correction beforehand. If the range between 2505$ and 2646$ is the final high, a correction to the range between...
🔥Today, I want to analyze the Toncoin(TON) project for you. I chose this project because the Notcoin(NOT) token is listed in several exchanges today. 💡You might ask, what does the NOT token have to do with the TON token ❗️❓ 🙏Please be with me 📚 What is Notcoin(NOT)❗️❓ 🔸Around 2018, Telegram developers decided to launch their own layer 1 Blockchain...
Gold once @babaeicapital Tehran Iran Elliott wave analysis Majidbabaeiasl 2024 may 17
The rebound should continue and then final reset. It's very interesting