We went through some XXXBTC cross pairs and we can see an interesting pattern on NEOBTC chart. On the weekly basis it can be finishing final subwave (5) of the wedge pattern within wave C of an A-B-C corrective decline from the highs. It's telling us that NEO looks promising, but it's weekly chart, so it may take some time before we will see a rally. Keep in mind...
FX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%,...
GOLD is probably preparing for a last small crash to the main support of the expanding triangle in the major timeframe. This is a great opportunity to buy GOLD at the bottom of an expanding triangle because it is also in confluence with the 0.382 Fibonacci retracement. This Fibonacci level is very strong together with 0.618 because 0.618 + 0.382 = 1. You can buy...
Hello friends Notcoin currency has had a price jump after the initial pricing. Then, with the calm of the transactions, wave 1 has been revealed and waves 2 and 3 have also been completed. One of the characteristics of wave 4 is that it is long and tiring and corrects between 50 and 61.8% of wave 3. These events are also observed in wave 4, so we can identify...
We are currently experiencing a phase of stagnation with Alibaba, as the stock remains in a new accumulation phase after breaking out of the previous one. The price might retest the Point-of-Control along with the trendline that was broken during the breakout, potentially providing a good momentum boost. Despite the sideways movement, our position remains...
Today, we are analyzing Tesla on the daily chart. After surviving the stronger sell-off at the 78.6% retracement level and avoiding the stop loss, we have witnessed a bullish divergence, which led to a significant upward push. Starting from the end of Wave (1), Tesla left this wave with a breakout gap downward. This breakout gap has not been closed yet, and we...
We've neglected Gilead Sciences for a while, but it's time for an update. Unfortunately, our entry looking back wasn't ideal, as the stock has fallen below the 61.8% retracement level. It found support just below the 78.6% level, which marks the bottom of our range. This level was precisely touched, and we saw a relatively good movement upward from...
My bullish count is looking for an extended ((5)) of iii (in blue), with an ideal target of 8755.92 to complete the iii. For this count to fly, price would need to get above 6000 at a minimum to complete the iii, so that there is room for a proper iv (in green) to stay above 4867.81.
ETH is currently holding the support zone, which indicates a positive trend. There may be some rally before the next move up. If you missed the entry earlier, open a long position in the support zone. Support zone: $3,640-$3,720 Resistance zone: $3950-4000
There is a clear count of five waves up so we should begin to see a small retracement at any time. Because the retracement will be wave 2 of 3, prices should return to at least the 50% Fibonacci level.
We can count a zigzag down and a zigzag up, implying that we should still have one more push down, likely another zigzag, before the end of wave 2.
Not Financial Advice. The timing on a greater timescale could wrong but I believe in the predicted price movements
It appears that the final wave C of the zigzag forming wave E of a triangle has begun. After this last push down, prices should move higher as part of wave 5.
Bought today, got a nice move. Published earlier this idea on X Getting an extension, I am trading this impulse up only
Hey there guyys! Some update for BTC, we retested the 0.5 fib level in the 4th correctional wave. But, according to volumes and my expectations to see full ABC corrections seems like we can test also 0.618 and from this level I will check the enter point. Also, there is summer, could also happen that we can go lower, so don't forget to use SL. Your...
Hello. This is my new idea for Bitcoin. I think we are on 5 of 5 of 5 wave. after complete this waves we are going down at least 70 percent.
XAUUSD possible wave counts. There will be more floor than ceiling so Shorting from swing high is better idea.
Price has also reached its highs of the quarter and with the end of the first quarter ending this June price could also fall closing near the opening price (104.452) of the month.