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WULF could be at 6 dollars in 20-30 days (NFA)Hello Tradingview community! As always: If this pattern I'm showcasing doesn't work as predicted.. then please don't come crying to me (ty) -> NFA DYOR Anyway, the chart is more than simple as you can see - We are in a "rising channel" or a "rising wedge" this is technically considered more "bearish" but only slightly.. I do believe tho if we don't break down and basically repeating the same 21 days "pattern" then at the 24th October (this month when posting) We could be at 5.5-6 dollars! = around a 30-40% gain from the lowest line. Anyway, we shall see if it's possible or not. Once again, there is a chance NASDAQ:WULF could break down and start the whole "bearish rising wedge" pattern, but hopefully not IF SO, then high 2s and maybe low 3s would be the target EDIT: could even be a "bear flag" time shall tell. NFA DYOR <<<----- BOOST this post for updates and follow for more "BTC miner" content I suppose we can call it.
NASDAQ:WULFLong
by RandomTAdude
8
META Keeps Climbing: Don't Miss Out!NASDAQ:META 1-Hour Analysis and Trade Signal Oscillators Overview: Relative Strength Index (RSI) (14): 71.87 (Neutral): RSI is in the overbought territory, indicating potential price exhaustion but with room for some more upside. Stochastic %K (14, 3, 3): 88.47 (Neutral): Also approaching overbought conditions but still neutral, suggesting caution. Commodity Channel Index (CCI) (20): 197.12 (Neutral): High CCI indicates strong bullish momentum, but it is a signal to be cautious as it might be overextended. Momentum (10): 12.07 (Buy): Positive momentum suggests a continuation of the upward move. MACD Level (12, 26): 3.12 (Buy): The bullish MACD crossover reinforces the current uptrend. Moving Averages: All major moving averages are signaling Buy, showing a clear upward trend in the 1-hour time frame. Exponential Moving Average (10): 579.83 (Buy) Simple Moving Average (10): 578.67 (Buy) Exponential Moving Average (50): 571.34 (Buy) Exponential Moving Average (200): 545.93 (Buy) The price is currently above all key moving averages, confirming a strong bullish trend. The Hull Moving Average (9) at 583.82 is also signaling continued upside momentum, which suggests potential for higher price movement in the short term. Key Observations: The RSI and Stochastic %K being close to overbought levels suggest caution but don’t signal a reversal yet. Momentum and MACD indicators are strongly bullish, supporting the idea of a continued rally. Price action is well-supported by both short-term and long-term moving averages, providing a solid bullish structure. Signal: This setup offers a favorable risk/reward ratio, with strong bullish momentum and price support from moving averages. The indicators suggest that the trend can continue upward, but traders should be cautious as some oscillators are nearing overbought territory. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Trading stocks involves high risk. Please conduct your own research before making any trading decisions.
NASDAQ:METALong
by CF_444
$RIOT * WEEKLY TF EWP FIB TC ANALYSIS Let’s break down the potential Elliott Wave scenarios that may unfold, along with alternative possibilities. I’ll review the key details of the chart I provided: Primary Scenario: Completion of Corrective Wave Wave Count: • It appears that RIOT has completed a large corrective (A)-(B)-(C) wave. • The (A) wave bottomed around early 2020, and the (B) wave rallied to an extreme high around mid-2021. • The ongoing (C) wave has been pushing lower and is now potentially near completion, suggesting that the bottom could be forming soon. Key Fibonacci Levels: • The price is close to the 0.618 Fibonacci retracement level, which typically acts as a major reversal zone in corrective waves. • There’s also a Fibonacci cluster indicating confluence between the 0.618 and 0.786 retracement zones around $6-$7. This increases the likelihood of a reversal if the price holds at this level. Confirmation of Trend Reversal: • For this scenario to play out, we would expect a five-wave impulsive structure upward to begin. This would be Wave 1 of a new bullish cycle. The key confirmation would come if RIOT breaks above the downward channel resistance with strong volume and follows through with higher highs and higher lows. Alternative Scenario: Extended Correction (Complex Correction) Possibility of an (X) Wave or Further Downside: • In some cases, after an (A)-(B)-(C) correction, a complex structure could unfold, resulting in an (X) wave and then another corrective pattern (Y). • This would imply that RIOT could consolidate further or possibly make another low before finally reversing. The chart does suggest this possibility due to the large downward channel still being intact. Deeper Fibonacci Levels: • If the price fails to hold around the current levels, the next key Fibonacci level around the 0.786 retracement (around $3.25-$4.00) could be targeted. This might be the level where the final capitulation occurs before a reversal. Wave Count Indicators: • Wave 1 Upward: If the bottom is in, we could see the start of a wave 1 upwards, which should follow an impulsive five-wave structure. This would be a strong indicator that the correction has ended. • RSI: A bullish divergence on the RSI, where the price makes lower lows but the RSI makes higher lows, would be a strong confirmation of a reversal. Keep an eye on this divergence in shorter time frames (e.g., weekly or daily charts). • Break of Downward Channel: Watch for a break of the upper boundary of the downward channel. This break should be accompanied by a surge in volume and a higher low formation, marking the shift in trend. Conclusion: The primary wave count suggests the potential for a bottom forming, particularly around the current support zones near $6-$7. However, in the alternative scenario, a more complex correction could push the price lower to retest the next Fibonacci level, possibly in the $3.25-$4.00 range. Confirmation of a new bullish wave will require a strong impulsive move upward, breaking the channel and solidifying the new trend.
NASDAQ:RIOTLong
by Anakyn
2