AUDUSD - Looking at the bearish model Aussie took a sharp drop last night and is now dealing with the 72 level.
There is economic data coming out at 0100 hrs tomorrow morning my time (AUS), so I will be paying attention to that.
The Daily chart for mine is modelling a W - X- Y with C of Y in it's early stages.
"IF" true then C=A could find Y circa 67 when complete , which would be an outstanding OANDA:AUDUSD
WAVE-E
SXP $89LONG-TERM TARGET! $20 SHORT-TERMIn the chart above we can see that sxp is currently testing support of its ascending trendline while also in an ascending triangle.
Also worth noting, currently nearing the end of its wave II correction a breakout to the upside will give us a target of at least $19 to complete the wave III.
After which a correction should see us find support either at Prev Ath at listing (RED LINE), or recent ath which coincides with top of the ascending triangle (black trend resistance) to complete the wave IV correction
Once wave IV is done, potential price target is $89!
Pls note: RED bottom trend support is a potential target for a wick in the case BTC sees a sell of, backed by volume as well.
I am a firm believer of this project and do think it will pull similar price actions to that of BNB.
Furtheremore the fundamentals of this coin is very solid and has widespread adoption itself already
Below is a realated idea explaining the ACBDE wave structure.
btc in an ABC correctionthe move down from the 69k top is a clear zigzag (purple circled abc) correction and the first part of an even bigger correction.
this means that this abc is wave A of an ABC of a higher degree (red circled abc)
my assumption is that the choppy move in the rectangle still belongs to the first part of the correction and will end at approx. 44.8k, before another move to 56k starts, which is B of the macro ABC
From B we will see another leg down, equal to A in length, which will become the C wave and the end of the correction.
note: it is possible that A is already done and wave B started at point B (lilac ABC) in the rectangle at 45390. i keep that in mind too.
i hope you enjoy the content. pls feel free to like and comment below.
best,
waverunner
NZD/USD potential bullish move Hello Traders
Here is a new BUY Scenario,
This pair may go up between0.69000 and 0.71000
💹NZD/USD BUY
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
BTC fractality principle - ongoing accumulation processThis is #btc analysis I’ve just made based on the principle of fractality.
It has proved having a high rate of prob, especially when it comes to including market cycles in the equation.
Thus, accumulation should end ± in mid-January & start a new impulse wave (X. ABC)
BTCUSDT 'High potential of falling' (Dec.24.2021)BTCUSDT elliott wave analysis, elliott counting
Binance and Bybit have different low point on the beginning of 2nd impulse wave, it matters a lot in micro elliott counting.
However, with indication of other factors. Bybit seems more reliable.
RSI = Divergence (1hr, 15min)
Volume Decrease + spikes at resistances
ABC Counting complete
Eth Final Impulsive Wave up to 5700$!?- Based on the Elliott Wave Theory we could draw this chart.
- This shows a possible outcome of 5700$ per Eth.
- AB TIME= CD TIME, a strong correction within this period would most likely invalidate this outcome.
- Possible Bull flag scenario.
Just my view on the coming weeks, do your own research;)
Final Dump for FOMC - No WorriesBTC long from the green box, No worries.
We're experiencing the W2 pullback from the recent low. We expect that this low will hold. FOMC has people spooked, but we want the fed to act, not harshly, just enough that there will be only two rate hikes signalled for 2022.
March 2022 is still the cycle high window.
solana scenario ithink solana have to paths for the future
1- after big correction of sol we can see that price break the downtrend channel and gonna complete the pull back maybe
if price can break the main resistance we can see sol for 300 or above(black paths). plus we have nice fundamental from it .
2- if you look at the chart the elliot wave are going too complete wave B and that a correction wave of elliot so the path blue could impossible if price cant break 78.6 ret and that strong resistance and going for wave C and 120 or 100 price.
plz comment down blow what u think
have great and profitable day.