Examining the broader crypto market, it's evident that we've hit the Wave 4 target zone on the Total Market Cap chart, reacting perfectly—a precise landing in this case. This suggests that, looking at the entire market as a unified entity, we should form new local highs and surpass Wave 3. When we look at other indicators, like the Ethereum to Bitcoin chart, we...
Further sells on UCHF as wave 3 continues to reach the 1.618 Fib level. The USD has been relatively weak this week is highly that we gonna have a massive drop.
In this scenario I expect ORDI to compete start a new impulse motive wave. That's in case the correction of the bullish move had started from Jan2024 via an expanded flat wave. If this scenario is accurate then we should see ORDI in 3 digits soon.
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.
#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.
- 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
Gold once @babaeicapital Tehran Iran Elliott wave analysis Majidbabaeiasl 2024 may 17
The rebound should continue and then final reset. It's very interesting
If you find this information inspiring/helpful, please consider a boost and follow! I was looking a potential move up in the Discord. Now we are coming into my danger zone. Want to see it move through here and complete the potential impulse up.
Now the growth can end at any moment and then there will be a fall down to the level of 2009. It could be head and shoulders
This is an analysis of the EGLD/BTC pair which I mentioned in my previous EGLD/USDT analysis. I've linked my previous analysis of EGLD/USDT in this post.
MultiversX has been in a bearish trend since late 2021. but I think the bearish trend ended after the price passed the red supply zone in early 2024. If the counting is accurate and the volume of EGLD/USDT increases I expect it to see a new all time high in the future. On the low time frames I see a golden opportunity to enter it @ $30 with a stoploss below $21...
Just read the bearish divergence as temporary, backed by the US Federal Reserve's careful management of interest rates, US30 to the MOOOOOOOOON! COVID 4 year bull flag to the infinite upside USA USA USA USA LOVE, dysonring2050
I prefer to use Elliott Wave Theory for following equity markets, gold/silver, and Bitcoin, and I avoid using Elliott Wave Theory for individual stocks, with a few exceptions (MSFT, NVDA, and a few others). I do think NVDA wlll make a move above 1000 soon, with an ideal wave 5 of (3) to be above 1150. Its bounce from 756.06 looks to have a plenty of potential to...
USDCHF is currently on aa up-trend as sub-wave A of correction wave 2,at the moment pair is on a correction as minor-wave 4...an impulse is expected on the up-coming weeks
In this scenario I expect SEED_DONKEYDAN_MARKET_CAP:ORDI to compete waves B & C in a main zigzag wave that would bring the correction of the great bullish move SEED_DONKEYDAN_MARKET_CAP:ORDI had since Oct2023 to an end. I expect after this correction ends a new all time high.
As drawn in the chart, expects 966- 974 to be the resistance zone and thus a good short candidate in terms of risk-reward.