ew-forecast

ew-forecast Updated  2 hours ago

MARA Is Waking Up And Looks Promising For The Crypto Market, as it can send the price even higher this year from a technical and Elliott wave perspective. Marathon Digital Holdings with ticker MARA nicely and sharply recovered away from the strong support after a completed projected higher degree abc correction in wave B/2. So, similar as Crypto market, even...

ew-forecast Updated  Jul 15

Cable found some support in the last 24 hours and it looks like we may still see a retest of the high, so apparently this 5th wave is still in progress but unfolding with an ending diagonal with subwave five on the way up to 1.37–1.38, which could be the key resistance for this reversal pattern. So despite some recovery that is happening right now, we still think...

ew-forecast Jul 15

Hello Crypto traders! BTC.Dominance is falling in an impulsive fashion after we spotted the top within the wedge pattern. Now that is trading in wave (v) of a five-wave impulse from the highs, it just confirms a bearish reversal, which indicates that ALTcoin dominance is stepping in. And with still bullish Crypto market, we might be in the ALTseason.

ew-forecast Updated  Jul 10

Morning all! Bitcoin has impulsive characteristics on 4h time frame, and we can clearly see five waves up that can send the price even higher after recent projected ABC correction. With the current impulsive recovery back above 106k area, it confirms that bulls are still here and we should be aware of further rally in July, especially if breaks above channel...

ew-forecast Jul 9

Looking at Copper, is back near the highs due to tariffs. Miners are probably producing more, but industrial buyers won’t keep paying these high prices forever. That’s usually when investors get hurt. Current phase its a cycle top IMO. GH

ew-forecast Jul 8

AMD has seen a deep retracement from its 2024 highs, but it now looks like the stock is trying to stabilize. However, a straight push to new highs may not be likely just yet, as we’re still tracking an ongoing running triangle—an A-B-C-D-E pattern. Looking at the daily chart, things do look promising for more upside into wave D as we’re seeing a clean five-wave...

ew-forecast Jul 8

After just a temporary setback in stocks and a brief move higher in the dollar earlier this week, we’re once again seeing a strong reversal across the board. This comes after Donald Trump extended the July 9th tariff deadline to August 1st, giving more time for trade negotiations with various countries. That brought some optimism back into the markets, and if...

ew-forecast Jul 4

It’s already Friday and the 4th of July, so US holidays are here, which means we could see thinner trading conditions later today. Still, the overall tone remains risk-on since yesterday, supported by better-than-expected Non-Farm Payrolls data and an ISM services reading at 50.8—still in expansion territory. So, there’s some optimism in the market, and this...

ew-forecast Updated  Jul 3

Good morning Crypto traders! We got a nice bounce and recovery in the Crypto market along with stock market rally after US President Donald Trump announced that Iran and Israel had agreed to a ceasefire, calling the conflict “The 12-Day War.”. Crypto TOTAL market cap chart now shows that correction is completed, support is in place and bulls back, so more upside...

ew-forecast Jul 1

NVIDIA completed an irregular flat correction back in April. Since then, the price action has been strong and steady, forming higher highs and higher swing lows —a clear sign of bullish con- continuation. From an Elliott Wave perspective, the current move appears incomplete, as we cannot yet identify a full five five-wave advance from the April lows. This suggests...

ew-forecast Jun 27

XRPBTC pair can be trading in a larger weekly (A)(B)(C) flat correction, where wave (C) can be now in progress as a five-wave bullish impulse back to 2021 highs. XRPBTC is currently slowing down due to BTC dominance, but notice that it's now testing February 2025 lows, so wave 4 correction can be coming to an end, which can extend the rally for wave 5 of (C)...

ew-forecast Jun 26

GBP/JPY is on the rise but is approaching the upper boundary of the 2024–2025 range, which could present strong resistance around the 200 level. Keep in mind that the decline from the 2024 highs to the July lows near 180 was impulsive, while the current rebound appears slow and corrective—possibly a wave B within a flat correction or even part of a triangle...

ew-forecast Jun 25

Coinbase has been trading very nicely to the upside over the last two weeks, and it's now even breaking the previous highs from December in pre-market. This suggests we’re in a fifth wave, but even this leg should be structured by five waves, so there’s room for more upside—even above the 400 level. If we respect the past cycles and compare it with Bitcoin, then...

ew-forecast Jun 25

Silver retested the lows of the week and even broke slightly below the spike from June 12, where the market previously found support at 35.46. We highlighted that as a key area for potential stabilization, especially since there were likely a lot of stops, just below it. So it's no surprise that the market turned around from there and is now trying to stabilize....

ew-forecast Updated  Jun 20

Litecoin with ticker LTCUSD made nice and clean five-wave recovery back to 100 area in the 4-hour chart, which confirms support in place and bullish reversal, so it can be a higher degree wave (1), thus more upside is expected for a higher degree wave (3) after current complex W-X-Y correction in wave (2) that can be in final stages. First support is here around...

ew-forecast Jun 20

GateChain with ticker GTUSD came slightly lower, but we still see it trading in a higher degree wave »iv« correction that can resume the bullish trend for wave »v«. It can be actually finishing final subwave (c) of a three-wave (a)(b)(c) corrective decline, so keep an eye on strong support here at the former wave (iv) swing low and 38,2% Fibonacci retracement. If...

ew-forecast Jun 18

The Fed will announce its latest policy decision later, and expectations are that Powell will keep rates on hold, especially after last week's slightly higher inflation print and still solid US jobs data. We can see some stabilization in the US dollar ahead of this event, but we have to keep an eye on geopolitical tensions in the Middle East, which coudl also play...

ew-forecast Updated  Jun 18

DeFi Index may have a completed irregular flat correction within an uptrend, which may cause another rally this year, according to Elliott wave theory. Cryptocurrencies are recovering and DeFi Index is now bouncing back above EW channel, so a five-wave impulse into wave (C) of an irregular (A)(B)(C) flat correction in blue wave B can be finished. It means that a...