Hello Traders, In this analysis, we will have a look at ETH/USD in the 4-hour chart. The rally from 04/01/18 low can be sub-divided in 5 waves with an extended wave 3. The rally to 417.59 was completed in blue wave (1) and it pulled back to 362.42 to complete blue wave (2). Up from there, blue wave (3) completed at 712.58 and dipped to 595.35 to complete blue...
Hello Traders, In this short-term analysis, we will have a look at NZDJPY. NZDJPY has ended the cycle from 04/13/18 peak (79.63) at the low of 05/29/18 (74.57) in red wave W. Up, from that low it ended a 5 waves impulse structure in black wave ((a)) at 05/30/18 peak (76.29). From that peak, it ended the correction to that cycle in black wave ((b)) at 05/31/18...
Hello Traders, In this short-term analysis, we will have a look at the SPX 0.45% in the 1 hour Elliott Wave chart. At this moment in time, the near-term cycle from 4/02/18 low (2555) remains in progress as a 5 waves leading diagonal . Up from 2555 low, it has ended red wave 1 at 04/18/18 peak (2717.67). From that top, it has ended red wave 2 correction at...
ADA/BTC (Cardano) BUY, 05/07/18, written 9:45 p.m. EST, by Michael Mansfield Cardano's Wave 4 is likely bottoming at or near the Wolfe Wave trend-line (dashed black line). The low came a day early to what was optimal but within the 5-12 days that I expected the retracement to last, and mentioned in the prior Cardano post. Nevertheless, even if the low is in, the...
The 4hr tf chart of OmiseGO (OMGUSD) from ~$7.77 on April 1, 2018 till present is identified in this analysis as 3 wave move (corrective)Elliott wave structure that should end up as a zigzag once minute wave ((c)) is complete. Termination of minute wave ((c)) based on this analysis would also result in the termination of a Minor wave degree. The implication of...
My previous post is referenced below in order to keep track of the progression of Ripple (XRPUSD). Ripple's (XRPUSD) price action has remained in a sideways trend after it closed at ~$0.92 on April 20, 2018. The sideways price action is identified in this analysis to be a combination (W-X-Y) Elliott wave structure with Minute wave ((x)) currently ongoing. The...
Hello guys! This is my latest update on BTCUSD. The first five waves up are now completed and the market has entered a corrective cycle in wave 2/a. It is hard to tell now whether the wave 2 has been completed now, but so far the move down is very shallow. My guess is the wave 2 will deteriorate towards the level of $7,500 before the uptrend will resume. The...
The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price. The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC contracts) caused the price to reach the local resistance level at $ 8,265. This level is the last...
FUNDAMENTAL BRIEF: Cryptocurrency EOSUSD gained over 30% during Tuesday and Wednesday trading, dominating the top of the largest cryptographic tokens. Quotes were testing levels above $ 9 dollars, during yesterday's session being $ 3 dollars lower. As a result, the total capitalization is now $ 6 billion and is only slightly smaller than Litecoin. The price...
I'm so bullish on NEO that it actually hurts my head just thinking about it. Keep in mind, a lot of coins and tokens don't have very good looking log scale charts because the corrections haven't been as deep as NEO's The reason that the deeper the better is because there is less (never for sure) downside risk. It's also following the long term trendline. As...
Hi followers, here my analyze for USDCAD 5-wave-setup. Have a good trade!
LTC looking like it`s about to blow out into a 3rd wave after the correction! So far, this potential wave 2 retraced 61.8% of wave 1; however, I still think we have one more leg down before moving to the first target at $284. I think there is a very good probability that LTC will hit this $285 mark. We need a little bit more data to see if it will reach the $400...
Hi followers, look on the daily chart to find my counting for CADJPY. I believe there will be in next time a correction wave.
I believe that Since today this scenario shall be treated ad the main one with a probability around 70%. P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
Intraday markup of SPY. The wave " [ ]" might be not finished yet. At the moment everything goes as expected... The weekly chart is published here: P.S. Please do not be confused. This is not pure Elliott Wave Analysis. This analysis is based on my fork of Elliot theory. The simplified concept of this fork is published here: plus.google.com
as you see i think the big retrasment of ripple is finished and it could be a good price for Long and buyer's .
Long range play for LTCUSD wave 3 to start after 50% retracement.