Wave Analysis
Predictions and analysis
Comment your altcoin, and I will make a technical analysis for you! Bitcoin is almost ready to start a new and last huge wave to the upside! My target is around 130k for multiple reasons, which I will tell you in this analysis. But what happens after Bitcoin hits 130k? We all know that Bitcoin is extremely volatile, and during its bearish cycles, a 70% - 80% is...
Wave Analysis
Wolfe wave patterns contain 5 waves where the first 4 define a wedge and the last extends beyond this wedge. This last wave is usually traded and its length can be predicted based on prior waves. The Kondratieff Wave, also known as K-wave or long wave, is a cycle-like phenomenon affecting all markets. These waves can last between 45 to 60 years. TradingView has several smart Elliott Wave drawing tools that allow users to identify impulse and correction waves on the charts and label them in any of 15 degrees.
NeiroETHUSDT is currently trading within a potential symmetrical triangle formation. Our immediate focus is on the supply zone, which is expected to push the price down towards the buy-back zone. If the price manages to break above this supply zone, we will look to initiate buying on a pullback, aiming towards the upper trendline of the pattern. Target areas...
EUR/USD Price Analysis and Potential Trading Scenarios EUR/USD reached the 1.0955 zone on October 4th and has been oscillating around this level for about seven days without a clear direction. On October 9th, the price broke through this minor support zone and is holding below, indicating slightly higher bearish momentum but nothing significant. The US CPI and...
Bitcoin ( BINANCE:BTCUSDT ) managed to break the Upper line of the Descending channel and 200_SMA(Daily) . Bitcoin is attacking the Heavy Resistance zone($67,400-$64,740) . In terms of Elliott wave theory , Bitcoin seems to be completing microwave 5 of the main wave 3 in the 15-minute time frame , so main wave 3 seems to be extended . I expect...
Dear colleagues, I believe that at the moment we have a great opportunity to find an entry into a short position that will bring us many pips. The fact is that the wave “2” of the middle order is completed, which means that the wave “3” of the higher order continues the downward movement in the wave “3” of the middle order. I expect the price to rise a bit more...
Dear colleagues, I believe that the upward movement is not over yet and the end of the movement in wave “5” is ahead. At the moment I see the support area of 5800, from which I assume that the price will reach the area of 5915. Then we will look for a short trade entry, but for now all my thoughts are only on long positions. Manage your capital correctly and...
FX:EURUSD continues to update lows since the fundamental background and uptrend change. Price is descending in a calm and progressive manner, which generally indicates the strength of the trend... A strong drop from the distribution phase without any pullbacks is an indicator of a strong trend. There is a key liquidity zone ahead, which could form a surge...
You don't need to be a genius to figure this one out and you do not need any experience... This is an easy chart, let me explain. In January 2021 PLTR produced an All-Time High. As is usual and normal, after strong bullish action a correction follows. The establishment of this All-Time High signaled the end of the bullish wave; the start of the bearish...
We are now just a point from my long held target of a double top, in what I am counting as an irregular (B) of intermediate degree. Since price is behaving accordingly, I will not expand on what I have been forecasting for some time except to say that if shorting Nvidia in this area (as with any trade) make sure you are using stops...but best to wait for 5...
My dear friends, Please, find my technical outlook for CADCHF below: The instrument tests an important psychological level 0.6220 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.6253 Recommended Stop Loss - 0.6204 About Used...
Short term buying opportunity on GBPUSD from CMP (Current Market Price), or after a break below the previous Wave 4 low ($1.30). ⭕️5 Wave Bullish Move Complete on HTF. ⭕️Bearish Wave 1 (5 Sub-Waves) Complete. ⭕️Waiting On Wave 2 (3 Sub-Wave A,B,C) Move.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈GBPUSD has been overall bullish, trading inside the rising wedge in orange. Moreover, it is approaching a structure marked in green. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the structure and lower orange trendline...
The strong resistance key-level of $156.70 had been kicked into action as price action hits that area. We believe it is more likely for price action to turn around and start moving south towards the significant support around $137.65. Stay tuned...
FX:XAUUSD is growing together with the dollar, the correlation cooled down after the change of fundamental background. The range of 2670 - 2600 is being formed. The metal is rallying to resistance for liquidity. Geopolitical issues. High tensions in the Middle East as well as rising tensions in East Asia between China and Taiwan are worrying investors...
As I mentioned in my previous analysis, Bitcoin experienced a good rise after breaking out of the Megaphone and is now It has completed 5 ascending waves and considering that the price has reached the weekly pivot line, we can expect price correction from this point. Previous Analysis and ✨We spend hours finding potential opportunities and writing useful...
S&P 500 Reaches Another Record High As shown by the S&P 500 chart (US SPX 500 mini on FXOpen), the leading US stock index set its 45th record of the year, closing above 5800 on Friday. This marks the fifth consecutive week of growth, with the index up more than 22% since the start of the year. According to Reuters, the bullish market sentiment is driven by the...
Bulls are showing good dominance at the start of the day, where they are trying to form a full break of structure and break the smaller resistance (blue zone). We are keeping a close eye on it, as if we see any rejection or weakening near this zone, we will look for the start of downward movement, but if we manage to break it, then the major resistance zone will...
From where we put the green arrow on the chart, it looks like we have an ABC on the chart, which wave B was a triangle and now it is over. We seem to be in wave C now. On the chart, we have a demand range on which we are looking for buy/long positions. The targets are marked on the chart Closing a daily candle below the invalidation level will violate this...