Think Pepe is trading a bearish wedge right now, so we should see another leg up today or tomorrow. Given the current weakness of the overall market I think there is a decent chance it might play out. Usually inexperiencend traders get trapped longing the final leg of the wedge, which can overshoot just above resistance only to dump hard hours later, so I would be...
The Render token (RNDR) signifies bullish sentiment and is replicating bull accumulation this week.
History doesn't repeat itself, but it rhymes. As you can see on the chart, a very similar setup has formed as in the past, which previously led to #LOOM rising by more than 1,000%. Let's see what happens this time. *The trade is canceled if the daily candle closes below the indicator's lower line and the indicator remains red.
As price hit resistence area and rising wedge expect to fall then upppppppppp pls like for support
No doubt BINANCE:RSRUSDT have gained over 700% since it All Time Low but the good news I bring to you is that there is still a potential 170% left. Looking closely from the daily timeframe you will see that this outburst is clearly impulsive in which wave 1, 2 & 3 has been completed now we are in wave 4-yellow and in couple of weeks we should be heading up for...
ETC is one of ur favourite tokens. Although it has so far underperformed against other alts, it respects technical analysis to a tee, allowing us to trade it profitably and hold it with clear invalidation points and targets. We believe we have completed a wave 2 retracement to the 618 where the major 23$ support lies. Now we're looking for a wave 3 expansion...
Vedanta - A picture is worth 1000 words... Vedanta ATH 495 created in 2008 me. 16 years ka vanvaas se bahar aane ja time hai abhi The bottom of the box is 60 and top.of the box is 495 From 2020, Vedl is making efforts to go higher - sideways - higher to ensure it gathers enough power to BO 495 Yes it will struggle a tiny bit when it tests 495 but that's not...
💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday. 💡 Bitcoin seems to be completing a pullback right now. 🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 . 📈In terms of Classic Technical...
Trade setup : Bullish breakout from a Channel Down pattern could signal near-term bullish trend reversal with upside to $0.52 (200-day moving average). Stop Loss (SL) at $0.43. This is a riskier trade setup because it’s a trend reversal not a trend continuation setup. It’s against the overall downtrend. Pattern : Price was trading in a Channel Down pattern....
#PEOPLE We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.0200 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator...
While I was looking back at / patting myself on the back for this positively identified large-scale Cup-and-Handle pattern on CRYPTOCAP:BTC that I called out in Feb '24 I couldn't help but notice another one, on an even larger time scale . I don't make the rules: CRYPTOCAP:BTC to $275k. Not today, not tomorrow or next week, but by the end of the cycle- I...
#MATIC The price is moving in a head and shoulders pattern on the 4-hour frame and sticking to it well We are now at the end of the formation of the right shoulder, and a rebound to the upside is expected We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to...
Here is an image showing my monthly forecast for ADA I'm bullish. You can also watch the detailed video
I'm now bullish on ADA, given here is my monthly forecast.
HCLTECH is approaching demand zone which has a confluence with 50% of Fibonacci. Time to go long.
The TNSR/USDT trading pair is currently showing signs of a potential breakout. A successful breakout in this scenario carries a high probability of triggering a bullish movement in the range of 40% to 70%. Traders and investors are advised to closely monitor this pair as it undergoes these developments. Please note that the information provided here is for...
Putting on my bear hat this morning and reflecting on how difficult the move up from October 2022 low has been to interpret, from an Elliott Wave perspective. If you were trying to convince yourself of a major market top and completed five-wave impulse, I think this is how you'd have to do it. Wave ((5)) ends of being an expanding ending diagonal off October 2022...