With the tightening of the bull flag pennant (or so what I see it as), I see CRO popping off anytime soon. With further bullish divergence on the 4 hour chart at our current low, I see this as further support for the idea. This rally could be brought by news or simple reversal. Targets are above 1$, however I would be cautious, as I see us having strong resistance...
With the strength in Fantom and Harmony one over the last two/3 weeks, both coins are representing strong growth and have returned to all time highs. Now with a Inverse head and shoulders confirmed, personal targets are around 0.5$. Pullback back to neckline confirms my beliefs and is holding as support. Invalidation would be considered if the neckline support...
Clear evidence of Head and Shoulder Pattern formed onto Bitcoin. TARGET : Around 42000-42500. I will be releasing my position at 43000 since I have been in a short position since 50000. Do not take this as financial advise
From the time of writing my previous Shib update, we have seen a very nice Ascending Flag (Bearish Pattern) form. This is giving me a very positive mindset on the Head and Shoulders, as the target from the Ascending Flag is the Neckline of the Head and Shoulders. I place my position at the top of the flag (around 0.0000495). Target remains at 0.000038 however I...
Clear evidence of a head and shoulders being formed on SHIBA INU, with the heavy buying in Shiba, I believe that this could drop very quickly once it falls under the Neck line. Shiba holders often panick quickly and I have a target of around 0.00003-0.000028. This should be an easy trade. Once price reaches neck line, stop loss should be the neckline. This is not...
TARGET IS THE BOTTOM OF THE VERTICAL LINE. Head and shoulders clearly shown, My sale price is 6.00. I will sell 80% there and hold the final 20% to 5.50. If it doesnt test 5.50. I will sell in between 5.50-6.00
After seeing a comment asking for my opinion on Bitcoin I have decided to share it with you on the recent drop. Overall, the retracement was needed as in the previous weeks, the price of Bitcoin was most definitely overheating. This reaction of an over 20% decrease was not however justifiable, and it just shows how people are easily pushed out of markets to let...
Hi guys, hope you are well. Today we will be looking at Regeneron, hopefully at this point you understand the basics of Elliot wave and my diagram should be easily explainable. Wave 1 formed nicely with Wave 2 becoming an ending diagonal triangle in a corrective structure. The beginning of wave 3 has formed, and the structure is perfect for an investment...
Hi guys, hope you are all well. Today we are looking at Exelixis, an oncology-focused biotechnology company that focuses on the discovery, development, and commercialization of new medicines to treat cancers in the United States. The market cap of the firm is roughly $7 billion. What drew me to looking into this company was its cash and cash equivalents value, a...
Hi guys, hope you are all well. I would like to just apologise for my inactivity on this profile in the last few weeks and I hope you are understanding. Today we are looking at Argo Blockchain, a stock I talked about having huge potential and, from the graph you can see, we have been right. I am currently in with a 340%+ gain and am expecting more to come. This...
Bitcoin has been on a plunge today. Which is great news for my prediction and overall look of the correction. Wave E has followed the shape of wave A, so it is all looking strong at the moment. Now a few reminders about this possible wave 5, and how it could play out. Be prepared for a possible ‘throw-under’ to occur, where we could dip under the $28,000 figure I...
Hi guys, please could you read the full context of this idea, as it clears up a lot of worries about my analysis which I have been asked about recently, and I would like you to understand that I am certain that we are heading in the direction I have planned on. Thank you in advance. Also, please put your diagrams in dark mode, to see all the lines well! First of...
Hi guys, a new company we will be looking at today is Dropbox (DBX). From the diagram we can see that wave 2 is currently in a triangle, and is close to completing its 4th wave and then heading down to completing the wave structure. I see the low of the stock hitting around 20-21$, a great buying opportunity where I see the company heading to higher highs (around...
Hi guys. I have corrected the upper trend line and it still shows that bitcoin is following the right path we are looking for. You may be thinking, surely a change in a trend line may indicate that the correction has failed, but this is far from the truth. The most important part of the correction is the wave structure. The wave structure is still strong and...
What did I tell you guys😅. Wave 4 within the 4th wave has acted perfectly and has follow the trajectory I expected. Now all we have to do is wait. Hopefully the wave will reach the trend line like expected and consolidate. Then it will be time to buy
So after reassessing my previous analysis, this wave 4 is looking to be a little bit tougher at the moment to wave 2. Nevertheless, I have realised that Wave 2 had two point where it touched a resistance line and then shot back up (outlined in green). This is what I am looking to see happen as well with Wave 4. You also have to take into consideration that today...
Something very interesting to look at is how this 4th wave is mimicking the 2nd wave. If you take a look at how steeply wave A rose, and then consolidated down to wave B, it is very similar to how it is beginning to form in wave 4. This is promising to see and I hope C can do the same. It is also good to see that the correction is following a 5-5-5-5-5 formation...
I want to make a disclaimer before beginning my analysis. Argo Blockchain is highly dependent and volatile stock due to it being a mirroring stock on the price of bitcoin. If you are not able to take days or even weeks of uncertain volatility, please stay away from this stock. However, with bitcoin being at such a high and less volatile (percentage wise) asset,...