For the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market. Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal. Total3 halted its descent around the 600T zone, which does not represent...
BINANCE:BTCUSDT formed a range zone and broke it downside. The market is heading towards the round support level of 60000. If you look at the monthly timeframe, you'll see that price action is testing 50% of the previous weekly candle. I think the market will bounce off the support level and move upward toward the channel border. This support level was respected...
BINANCE:BNBUSDT recently broke the key resistance level at 600. The market is probably going to consolidate below the strong resistance and then break through. However, on the 4H timeframe, the market was moving sideways. It broke the top of the range, then retested it, indicating potential trend continuation. On the weekly timeframe, the market formed a massive...
I'm focusing on a potential long opportunity for the US30 (Dow Jones Industrial Average) guided by Elliott Wave principles. Our analysis indicates that we're currently seeing the setup for a bullish continuation. The market appears to have completed a corrective phase with wave (4) and is now transitioning into what could potentially be an ascending wave (5)....
I'm currently exploring a potential short opportunity for the S&P 500 (SP500) using Elliott Wave principles. Our analysis suggests that we're nearing the completion of a bullish phase, potentially setting the stage for a corrective downturn. The market appears to have completed an impulse wave sequence, with the final wave (5) potentially culminating soon. This...
Recently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout. Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In...
OANDA:XAUUSD price is still moving sideways. The market is bouncing between range boundaries. The bulls failed to push the price higher at the top of the range, which might be a sign that the market will move to the bottom of the range. The market, as you can see, is consolidating around 2300 because the price usually moves sideways at key levels, which is...
Since Monday, the market has slowed down. We have only had 50 pip moves since then. The price formed quite bearish bars on the daily timeframe. Also, there are two candles with long tails, which is a sign of the level rejection. FX:EURUSD broke and closed below the small range zone; it broke through the support level at 1.07500 after attempting to break the...
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs. Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement. Moreover, the...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support. As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
In the weekly time, it is moving in an ascending channel, which after a complex correction and higher floors has formed a runner zone, which can now complete an ascending wave in the specified area, which is the supply area. Therefore, 🔰 in the first scenario, I expect a correction with the support of the $2,500 area after touching the zone, which can appear more...
In the previous post, it was mentioned about the movement of the currency in the weekly time. In this post, it is moving in a medium-term ascending channel in daily time. After the high strength failure of the supply area, pullback to the broken structure is currently being completed. Therefore, it is expected that this pool will be completed in the green box...
The price perfectly fulfilled my last BINANCE:BTCUSDT idea. On the daily timeframe, the market closed above the key level. It basically made a false breakout, then formed a big, long-tailed bar on the weekly timeframe. This shows bullish dominance. I think if the market does not lose momentum, it could potentially reach a strong resistance at 73000. If you go...
Hello fellow traders, I'm currently analyzing the NASDAQ 100 index for a potential short opportunity based on Elliott Wave Theory, and I wanted to share my insights with you. As we observe the US100 chart on a 30-minute timeframe, we can identify a clear five-wave progression upward in the recent movements. Starting from the lows on May 2nd, we see the price...
I'm focusing on a potential short opportunity for BTCUSD by applying Elliott Wave principles. According to my analysis, we're approaching the end of a significant bullish phase, and a corrective sequence is now taking shape. The market is now entering what appears to be a corrective wave pattern labeled (a), (b), and (c). The wave (a) has shown a sharp decline,...
I'm currently evaluating a potential short opportunity for USD/CHF by applying Elliott Wave principles. Our analysis indicates that we are approaching the end of a significant bullish phase, and a corrective sequence is now taking shape. The market is now entering what appears to be a corrective wave pattern labeled (a), (b), and (c). Wave (a) has shown a sharp...
I'm currently evaluating a potential long opportunity for USD/CAD using Elliott Wave principles. According to my analysis, we're at the end of a corrective phase, and an impulse wave is likely emerging. The market is now entering what appears to be an impulse wave, labeled as (5). The completion of the previous correction and the initiation of this new bullish...
The price perfectly fulfilled my last idea. BINANCE:DOGEUSDT formed a double top at the channel top, then rolled back to the support level at 0.14. On the weekly timeframe, it created a long-tailed bar, which indicates buying pressure. The market might retest 50%–61.8% of the weekly candle. If the price bounces off through the support zone at 0.13-0.14, we can...