⚠️ It's always very tricky to enter under an ATH resistance, but all indicators look bullish and I know some of you like this #AXS GAME. 😎 Be careful and place your S/L wisely, otherwise wait for the ATH breakout with the rebound on the old ATH for a more secure entry. 👉 Since my last signal shared on 24/09/21, #AXS Market Cap rose from $4 to $8.6 billion, and...
Perfect example of an extended 5th! Please like and share if you appreciate this market update. We are algorithmic traders and certified Elliotticians. We publish Elliott Wave counts for indices, stocks, cryptos, commodities, VIX, DXY, in weekly, daily and 4-hour timeframes. We also answer all our questions regarding the Elliott Wave Principle! Cryptos are...
Hello again, I am considering a very interesting scenario on XRPUSD for the foreseeable future. Earlier today I wrote a post that explained that I believe we are now a triangle that acts as the fourth wave of an impulse wave up (you can find the link to that in Related Ideas). In the chart, you can see that we started the A-wave of this zig-zag at $0,11. From...
It looks like wave (5) is an extend wave that equals to approx. 2.618 multiple the total distance from the beginning of wave (1) to the end of wave (3). If the recent high of 445.88 is the end of wave (5) , we could expect a large correction to unfold in the next couple of months or even years e.g. (A)-(B)-(C)
YEAH. TOOK A WHILE TO MAKE THIS. ~ITS A FRACTAL CHART ANALYSIS OF MY OWN DOING. ~FIBONACCI IN PLAY, EXTENDED 3RD WAVE IN PLAY, AND ELLIOT WAVE COUNTS. www.elliottwave.net // FRACTALS SHOW AND IMPULSE SEQUENCE, FOLLOWED BY A VERY PARTICULAR ELONGATED DOWNWARD POINTING SYMMETRICAL TRIANGLE. --OF COURSE THEY VERY SLIGHTLY FROM WAVE 1 --> WAVE 2 // VS...
Looks like POE is beginning what should be an extended wave 5 as wave 3 was shortened (still not the shortest) when BTC dipped the other day.
Bitcoin has been on a massive downtrend, and it feels like it never ends. However, there are some good signs that the bottom could be near. First, the RSI is sooooo oversold. Usually, when the price reaches this level, it just snaps right back. The RSI is also at a key support area that held multiple times in the past. Looking at the MACD, we see bullish...
The resent strength of the Chinese Yuan has cached the headlines lately, but my Elliott wave count suggest that the correction in wave (B) could be coming to an end in the cluster-area between 6.3625 - 6.3928. As wave v of c of (B) has been the extended wave, we should expect a quick reversal once the low is in place. Short-term a break above 6.5566 will be the...
Current retail positioning on the NZDUSD is +3.75 as 79% of traders are currently positioned to the long side of the NZDUSD trade. This is important because if the pair continues to drop significantly, these traders will likely get stopped out, margin called or simply close their trade out of frustration in the position. This means they become a future supply of...