Expecting going down using Elliot Wave and possible double bottom. Expecting sideway until around Week 2 or Week 3 January 2023, may happen market correction after this timeline. Beware of gap or long candle that may expedite reversal. Good luck.
The price of ICP Internet Computer appears to be locked in a falling wedge on the weekly time frame, which means that the price is in a downward spiral that is tightening to the downside putting more pressure on the market and eventually a breakout will follow. On the RSI a slight positive divergence and the MACD which has been up for some time but is still below...
Bitcoin Log Weekly chart. We're nearing the end of this ABC. All CME gaps are filled in the 10k-20k range. Elliott wave structure is beautiful and bullish signs are starting to print on high timeframes. The pain is almost over. Happy trades to all.
The chart I think doesn't need explanation. Shorts are preferred around 14.
Bitcoin has completed another corrective sequence downwards loosing 50% of it's gains from 70k top down to 30k bottom of 2021. Future price movements are expected to keep rising rapidly within the next decade, with a new ALL TIME HIGH waiting to unfold within the range of 120k up to 240k. After the new ATH is established, a new stronger bear market should begin...
Ethereum Name Service (ENS) Potential Scenario for Swing No confirmation, no entry
A clear impolse has done last August after rebounding from July bottom Seems we're near to start a new impolse from 1.08-1.11 area Let's see!
Looks like we're in the last leg of expanding leading diagonal with minimum target of 3,335 scenario must be watched to catch a sharp rebound after that kind of patterns finish. Good luck!
After the crash on Friday, a rally towards 1.24 should start in the next few days.
The Aussie should have ended its downtrend with yesterday's low and now headed towards 0.8854. However, there is a possibility that the downward movement will resume after a major correction. However, this would just be my second option.
After the rapid rise of recent weeks, should be at 1.395 end for now. Looking at the sub-waves of the last movement, today's high could also have already ended the wave. For reasons of clarity, I have not drawn these with. There are two options afterwards; either the pair rushes massively into the depths towards 1.12 or we only see a correction into the area of...
The USD/JPY is close to its target at 148.781. The only thing missing is the completion of the 5 of the 5. In the final 5, I have refrained from drawing in the sub-waves for the sake of clarity. In the big picture, we must then wait and see whether only a major correction is pending or whether the USD will continue its negative trend against the yen, which has...
The ideal target for the end of the downward movement would be around the 50 retracement. Subsequently, the U.S. oil brand should rise again significantly. Whether the last high is cracked, or whether only a larger correction sets in here, we will have to wait and see.
The downtrend in gold should be on its last moves. The target of the final wave should be between 1594 and 1608. At the moment, it seems most likely that it then goes in the direction of new all-time highs, however, from the mentioned level, only a larger correction can start.
The German benchmark index should not have reached its low yet. I expect that the downward trend should find its end in the area between 11044 and 11449 and from here, at least for the moment, a strong correction should begin, if not new record highs could be reached from here.
The pound should probably be on the verge of a correction to the 1.24 area after the crash of the past few months. However, the final low in the area between 0.90 and 0.94 is still on the agenda to follow this correction. It would also be conceivable that the large correction of 1985 to 2007 represents an x at a higher level. This would intensify the downside...
The current downward move should be close to completion, but it still lacks a low in the area between 0.965 and 0.971. Following this, there should be a small rally to the area around 1.08 (this can only be determined more precisely after the completion of the pending low), to reach its final low around 0.80 from here.
Another short opportunity setting up on SPX at .382 retrace of move down.