In the previous Toncoin analysis, I said that TON is in a long-term upward trend and is forming a triangle, but considering that the last wave moved more than we expected, the analysis needs to be updated. Looking again at the chart, we conclude that the long-term trend of TON has not been violated and will continue, and we can consider two scenarios for the...
The PEPE currency first rose to 0.00000437 and then its price correction began. The price correction of this currency was in the form of a Reverse Contracting Triangle. Then, a good demand for PEPE was formed and the price of this currency grew by 873% and again we saw the price correction of this currency in the form of Contracting Triangle. Considering that...
it seems that Toncoin has a special interest in the neutral triangle and constantly forms this pattern in the chart. Currently, we seem to be in wave f of (D) neutral triangle, and after reaching the price of 7.361, we will see a price correction to $6, and then Toncoin's price growth will begin. I have a special interest in Toncoin and I think it will shine a...
In this scenario, gold has completed a reverse triangle pattern and is ready to grow. This scenario is confirmed if the price can cross the beginning of wave (c) in less time than the formation time of wave (c).
Scenario 1: Gold is forming a diametric bow tie pattern and we are currently in wave (e) of this pattern. The diametric pattern can end at $2200 and then we expect the price to rise above $2400.
It seems that the market is forming a diametric pattern that we are currently in wave (D) and it is not yet completed. Wave (D) will probably be a neutral triangle pattern, wave d of this triangle is almost over, but it can move up to $2206 and end. It seems that 2024 will be a good year for gold and those interested in it . Good Luck
Nifty 50 seems to be forming a diametric pattern which is targeting 20708. Currently wave (e) is being completed and after that we have to wait for a decrease of almost 2% in the form of wave f and the upward trend of Nifty 50 will start again.
It seems that Bitcoin will not behave like it used to and we should continue to see the price drop. Bitcoin seems to be in the process of completing the elongated flat pattern and is currently in wave C. This pattern indicates that the future correction of Bitcoin will be a triangle.
The EURUSD chart in the weekly time frame seems to show a diametrical pattern, which is currently completing wave (E). Considering that the wave (E) itself is a diametrical one, probably more time should be passed before the movement of the wave (F) starts. If the price crosses the resistance of 1.24369, the analysis is no longer valid
After the sharp drop in price on Thursday and Wednesday, gold was able to return half of that downward wave, and it seems that in the short term we should wait for the formation of a triangle pattern with the target of $1946-1947.
Currently, the price is in the 4th ending diagonal wave in the form of a diametrical pattern, so we should be ready to start the wave (g). After that, the price will probably go down again to 0.85912 to complete the ending diagonal pattern.
Ethereum seems to be in a diametrical diamond pattern where wave D has now ended and wave E has begun. Considering this scenario, we should continue to witness the fall of this currency
I apologize, the labeling of wave (3) was wrong in the previous analysis and I published the analysis again In the weekly time, a diagonal ending was completed and after the 5th wave, we had a impulse wave from 1.03803. Currently, it seems that we are in wave 4 of wave (3) of the impulse pattern and we expect that after the time correction of wave 4, we will...
Now, in continuation of the serial analysis of gold that I did from April 10 until today, I must say that after the recent correction, gold seems to have completed its wave A and we should expect an upward jump in the form of wave B. If the price exceeds 61.8% of wave A, we have to slightly change the details of the analysis and we have to wait for the market to...
In the weekly time, a diagonal ending was completed and after the 5th wave, we had a impulse wave from 1.03803. Currently, it seems that we are in wave 4 of wave (3) of the impulse pattern and we expect that after the time correction of wave 4, we will have an upward movement in the form of wave 5 and wave (3) of the larger pattern will be completed. If the...
According to the previous analysis as well as the analysis of the dollar index that I posted, gold is completing a diagonal and we should wait for a correction in gold and then the continuation of the upward trend. Long-term analysis 10 april : Analysis of gold after reaching the price target of 1617$:
In the previous analysis, which was placed in the weekly time frame, we said that it seems that the upward trend of the dollar index continues. In the 1-hour timeframe, it seems that an Elongated Flat pattern is forming and we are currently in wave C. This pattern shows that we are probably facing a triangle in the future and the correction of this indicator can...
From my point of view, DXY is forming an extended wave 5 momentum pattern. We are currently in the last wave of this pattern. When we go down one time frame, we see that the recent correction is an Elongated flat, which when this pattern comes at the beginning of a correction, it warns us that the upcoming correction will probably be a triangle. For this reason,...