DYDXDYDX Technical Analysis basically on elliott waves Principles and Priceaction Strategy
DYDX can be 28$ again and can Grow to 1000$
Wait and watch.
Elliottwaveanalyis
POTENTIAL REVERSAL TO THE UPSIDEAs the week kicked in on Monday and Tuesday with a continuation to the downside from 93.312 to 90.435 levels of which the whole move was again corrected by the market from Wednesday to Thursday from 90.435 to 92.943 with the peak being at 3.515 before the market closed Bearish again on Friday at 91.548.
My view on the pair long-term is that we still have a large potential for the pair to continue it's move to the downside, but short-term I'll be anticipating to see a one more move to the upside finishing the sub-wave C of wave B.
It is after this that I will observe to see if the market will give any reversal signal to go/continue with shorts again.
BTC potential bottom?Is the BTC manipulating at support killing retail traders be over?
Could BTC make a upward move after the diagonal pattern spotted with RSI at oversold territory?
With a potential C wave up?
Do be aware that monthly candle seems like closing bearish.
Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
Gold to see more RedOn short term basis, expect Gold to see atleast a move below 1891 level at once, with the current Elliott Wave progression being in Wave 4, either complete or continuing.
ElonDogelonmars Technical analysis basically on elliott waves Principles and Priceaction
Elon can be grow up
Wait and watch
AARTIDRUGS ON HIGH! : ELLIOT WAVE FIVE - UPTREND AARTIDRUGS, after giving a breakout from wedge, looking for a breakout for the a,b,c, correction. One may enter after breakout and retest by following strict stoploss.
-Definitely not SEBI - Registered. So, this is only for educational purpose.
GBPJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPJPY currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, GBPJPY has completed a 5 wave impulse up of two degrees, specifically, Minor Wave 5 and Intermediate Wave (5). The price has recently broken below the bullish channel of Minor Wave 5. Most momentum oscillators are also forming a bearish divergence pattern.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 18 (red vertical line), and is projected to form a bottom on June 28.
Based on this, we can expect prices to head lower to at least the 38% Fibonacci retracement level of the prior impulse. This will serve as the first area of support, but price should move beyond this level at some point thereafter to test the 50% Fib retracement level.
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USDJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the USDJPY currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price action appears to have completed Wave (5). The parallel channel also confirms this analysis. Additionally, most momentum oscillators are forming a bearish divergence pattern, which is typical at the end of fifth waves. Essentially the upside momentum is waning, and a downward correction is imminent.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, topped on April 1 (1st vertical line), and is projected to form a bottom on May 6 (2nd vertical line).
Based on this, we can expect prices to move lower from here. The actual sell confirmation would occur upon the breakout and close below the lower parallel channel. A Fibonacci retracement of 50% of the entire bullish impulse would be a likely support area.
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XAUUSD ABC Correction UpdatePrice is still completing wave (B) of ((ii)). Another climb for wave (C) is anticipated before further decline in wave ((iii)).
GBPAUD Trade Idea - Elliott WaveLet’s discuss the price chart of the GBPAUD currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price has completed the 5 wave impulse sequence down on April 5. From that point, we have been trading higher in a corrective formation which appears to be carving out a W, X, Y pattern.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 3 (green vertical line), and is projected to form a top on June 17.
Based on this, we can expect prices to move higher after the minor X (circle) is complete, which should be within the next few days or so at the latest. The price should continue until it reaches a distance equivalent to that traveled in wave W (circle).
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Luna outLuna or terra Technical analysis basically on elliott waves Principles and Priceaction Strategy
Luna can be down to 40$ and then 126$
Wait and watch.
Vetusdt / harmonic pattern / Elliotte 1-VETUSDT is in a long-term downtrend. We have identified the major points and it includes two downward waves and one upward correction wave, and it seems that the upward correction wave is similar to what has happened in the past. We think this wave should be ABC. To confirm this speculation, a harmonic pattern has also been identified.
2-We expect vetusdt to be able to touch the channel ceiling
Elliott Wave AnalysisAs you can see the wave 2 just got completed, what do you guys think the next move? For me it will go to the moon the market is still bullish but the price action is bearish. Lets wait for confirmation to go long. Always use risk management when trading, do not fomo, do not be greedy and happy Trading everyone
NZDJPY Trade Idea - Elliott WaveLet’s discuss the price chart of the NZDJPY currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price has likely completed Wave (4) with a 23% Fib retracement of the Wave (3). This is a typical retracement level when Wave (3) is extended by more than 161%, which is the case here.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on March 11 (1st vertical line), and is projected to form a top on April 18 (2nd vertical line).
Based on this, we can expect prices to continue moving higher within the current uptrend. Price should take out the Wave (3) high before the upside momentum begins to subside and a corrective phase begins.
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EURGBP Trade Idea - Elliott WaveLet’s discuss the price chart of the EURGBP currency pair based on the 480 minute timeframe.
From the Elliott Wave perspective, the price action has recently completed an ending diagonal triangle formation. The price is trading within Wave 3 (circle). The most recent retracement is approaching a 78% Fibonnaci level.
From the Hurst Cycles perspective, the composite model line which measures the combined cyclical pressure, bottomed on April 1 (1st vertical line), and is projected to form a top on April 29 (2nd vertical line).
Based on this, we can expect prices to find support at or near the current level and start trading higher towards the 0.8599 level which is the next major resistance area.
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THE BIG PUMP IS COMING!As you can see we are coming to WAVE 2 at 42000 - 41000 ( 1Day Timeframe) base on my Elliott wave analysis. Once its completed dont buy long immediately, always wait for a choch "Change of Character" inside of little timeframe ( 5mins to 30mins ).
This is just my analysis, always trade at your own risk.
XRPUSD cryptocurrency this week has attempted corrective growthXRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by a complex WXY structure as indicated on the chart. Wave W was a simple ABC, wave X was also an ABC structure with wave B a triangle, and the Y was an impulse 12345. Around 20th Feb-2022 a new cycle is beginning, we have had the first wave completed and retraced at 78.6% fib level. investors can now buy XRPUSD with a protective stop at 0.600.
Crude Oil - NEoWave Analysis 01NEoWave Analysis of Crude Oil Chart within Monthly timeframe Cash Data (NEoWave Data)
First target: 150 $
Second target: 210 $ (if the price stabilizes in the range of 150 $ to 100 $)
Third target: 250 $ to 300 $ (if the pattern progresses in diametric form)
BTC/USD: Elliot Wave AnalysisUsing the Elliot Wave Analysis for this study. We could to look that Bitcoin can to end this bull rally around of the higher price $68,000 USD approx. But the trend it's very clearfully that we finish with the phase #5 of the Elliot Wave. Right now, we could to entry in the possible ABC correction in this longterm chart. But I can't to predict where Bitcoin will make th stop of the new lower price. But I can to show you this example and model that can to support for everyone. Also, it's very important to understand what phase we are in the market. But in another special analysis, I can to make how to identify a bear market vs. bull market using it to make a precise analysis in your way.
Oil Possible Top?We've been tracking a count on US Oil and it looks like the intermediate top is in for wave 1, if that's the case we can set up for a nice short trade for the wave 2 coming down to the 75-80 dollars range. If you do want to make this trade we'd suggest putting your stop at 92 dollars with a take profit at 80 giving a very healthy 1:5 risk to reward opportunity.
UPDATE: XAU/USD Shorts still validIn my previous analysis I stated where I expected the correction to hit $1825.00 and we did just that and then some. I also shared that we should not rush to place any shorts as we need the market to shift from an intraday bullish to bearish. This decision is the key separator between winners and losers.
Currently we are seeing a potential ending diagonal playing out, which is also a confirmation of the short analysis.
As always your feedback and thoughts are welcome.
Let's discuss in the comments
Signed;
Samore
USD/JPY: Break out, 117.00 in sight!Today's price action called for a small adjustment to the price action of the market based on the wave principles.
With the breakout above resistance this confirms the original analysis, Let's continue to see how the market develops.
Remember, as a trader the goal is to be proactive to the market and not reactive, understanding of this simple concept will make a huge difference in your success.
Signed,
Samore
(WEEKLY) EURJPY - WEEKLY MAPPINGWe are waiting for Entry Area at Wave (iv).
This is a risky setup.
I would prefer Entry Level at 133.100.
It is more ideal setup for Weekly.
Good Luck
