This analysis examines the current state of the XVS cryptocurrency and assesses its potential future direction. Technical Analysis: Battling Weekly Resistance: XVS is facing a significant hurdle at the weekly resistance level, which could determine the course of its future trend. Escaping the Accumulation Box: The recent breakout from the daily accumulation box...
Bitcoin Long-Term Analysis: The chart illustrates Bitcoin's (BTC) monthly price action within an ascending channel since 2017. The red vertical lines indicate instances when the monthly RSI entered the overbought zone, historically coinciding with mid-bull market phases. At $75,000, BTC will encounter the channel's midline . A breakout and consolidation above...
🍣📈Weekly Channel Breakout and Retest: MINA previously broke out of its weekly channel and reached its target successfully. The recent breakdown below the channel indicates a loss of bullish momentum and potential for a retracement. 🔍📉Corrective Phase and Resistance Levels: If MINA undergoes a correction, it is likely to retrace upwards until reaching its weekly...
While we're not ones to conjure doomsday scenarios or firmly believe in them, it's undeniable that some charts, stocks, commodities, etc., have the potential to plunge significantly. Apple NASDAQ:AAPL is one such example. It's essential to clarify that we don't primarily anticipate a 40 to 50 percent drop in Apple's stock price. However, we must acknowledge...
BTCUSD hit projected target area for wave III and it's now turning down after the BTC spot ETF approval, ideally within a higher degree wave IV correction before the uptrend for wave V resumes. Looking at the 4-hour chart, we are tracking a three-wave A-B-C corrective setback that can retest 40k-38k support area, so after wave B recovery, watch out for more...
After a strong upward movement, gold has reached the resistance range of 2140 - 2148 significantly. It seems like it's time for a correction now. If gold wants to correct due to today's news, we can set our target at 2090, which is an important support level for gold. Gold Support: 2080.5 - 2088 Gold Resistance: 2140 - 2148 And the price of 2120 determines the...
Bayer (BAYN): XETR:BAYN Upon request from one of our members, we're taking a closer look at Bayer AG. We believe that we are still in an overarching Wave II. This wave finds its last true support at the 88.2% retracement level at €24.51. Falling significantly below this level would likely lead us to see a 100% retracement down to €8.48, which would be severe...
Hello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in an obvious rising channel formation and retested the lower support the last time in 2023. This retest was followed by an expected 65% pump. Considering that Nasdaq is now retesting resistance as mentioned in the...
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically moved lower from the local upward trend line. Let's start by determining the support and as you can see, the price is in the support zone from $62,971 to $61,218, and may continue to stay around $58,999. Looking the other way, you can see...
Boeing had a near disastrous start to 2024 with a Malaysian part falling off a MAX jet at 36,000. Incidentally, going viral is that an iPhone survived the plunge fully functional. 20% got shaved off the market cap. I bought the low with calls at $215 expiring March 15'24. They did 80% for the week and 16% today. News catalysts are that an East Indian...
Stocks fall one after another ! We Saw a considerable decline in FB (Meta) Stoc k after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves? FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD . This cycle took 9 years to be completed therefore,...
German DAX Analysis Taking another look at the German benchmark index, the DAX XETR:DAX , our scenario remains unchanged. If we don't breach the 18,000 EUR mark, we anticipate continuing with Wave IV, which is expected to range between 10,000 € and a maximum of 7,500 €, depending on the potential overshoot of Wave (B). This scenario will be invalidated...
As we are over-expanding on Bitcoin, we also need to keep in mind that we have a really high chance of seeing the "reaccumulation" phase activate soon. We are monitoring the charts and waiting for a bigger correction to happen before the next bullish market, so eyes open, everyone!! Soon, we should see a really good buying opportunity. Swallow Team
✅AUD_JPY is trading in an Uptrend and the pair is Making a local bearish Correction but will soon Retest the horizontal Support level of 98.518 From where I think we Will see a bullish rebound And a move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I believe this bearish move, which we are observing in the 1-hour timeframe market structure, is a bearish corrective move. Consequently, there is a possibility of a bullish continuation move in the Dollar. Upon closer inspection, we can see the formation of a reverse head and shoulder pattern , which is an intrinsically reversal pattern and signals a potential...
ALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2,...
Waves 1&2 Completed...3rd Impulse Wave is retracing. A lot of higher highs shows Bull Activity. Pattern shows a strong Trend and a bullish Divergence, Limit 0.62
Looks like a massive pump will come withing the next 2 weeks here. The descending trendline price compression is slowly coming to an end. I EXPECT HIGHER PRICES IN THE LONG-TERM STILL BULLISH! Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love...