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Navigating the Waves: Elliott Wave Theory and Key IndicatorsEducational Technical Analysis on example chart of UFO Moviez India Elliott Wave Analysis and Key Moving Averages Disclaimer This study is for educational purposes only and does not constitute trading or investment advice. The analysis presented focuses on one potential scenario based on Elliott Wave Theory and other technical indicators. Trading and investing involve substantial risk, and individuals should consult a financial advisor before making any decisions. Introduction to Elliott Wave Theory Elliott Wave Theory is a form of technical analysis that traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective activities. The theory posits that stock prices move in predictable patterns or "waves" based on investor sentiment. Principles of Elliott Wave Theory 1. Wave Patterns: According to Elliott, market prices move in five waves in the direction of the main trend (impulse waves) and three waves in a correction against the main trend (corrective waves). 2. Wave Degrees: Waves are fractal in nature, meaning that smaller waves form part of larger waves, and this pattern repeats on all time frames. 3. Wave Characteristics: - Wave 1: Usually the smallest impulse wave. - Wave 2: Corrects Wave 1 but does not exceed its starting point. - Wave 3: Typically the strongest and longest wave. - Wave 4: Corrective wave that is usually less severe. - Wave 5: Final leg in the direction of the main trend. Current Analysis of example chart of UFO Moviez India Based on the chart and Elliott Wave Theory, UFO Moviez India is currently suggesting an impulsive and momentum-driven 3rd of the 3rd wave ahead, with an invalidation level at 106. Key Observations: 1. Wave Count: - Wave (1): An initial 5-wave impulse has completed. - Wave (2): A corrective ABC pattern. - Wave (3): Currently unfolding with sub-waves i, ii, iii, iv, and v marked. - Wave 3: In the larger context is forming. 2. Breakout: - There is a breakout above the downward trendline with good volumes, indicating strong bullish momentum. 3. Key Moving Averages: - Price Trading Above: - 50 EMA, 100 EMA, and 200 EMA - 50 WEMA, 100 WEMA, and 200 WEMA - Crossed above 20 MMA Technical Indicators and Levels - Price: 148.54 INR (as of the latest close) - Support Levels: - Nearest Invalidation Level: 106 INR - Major Support: 57.20 INR - Resistance Levels: - Immediate Target: 175.58 INR (Wave 1 of larger degree) - Fibonacci Extension Target: 220.51 INR (1.618 extension of Wave 1) Conclusion The Elliott Wave analysis of example chart of UFO Moviez India indicates a potentially strong bullish trend as the stock is in the 3rd wave of a larger impulse. The breakout above the trendline with significant volume further supports this bullish outlook. However, it is crucial to monitor the invalidation level at 106 INR, as a break below this level could invalidate the current wave count and suggest a different scenario. Educational Purpose Notice This analysis is provided for educational purposes only. It is not an investment or trading advice or tip. Trading and investing in financial markets involve risk, and it is important to do thorough research and consult with a financial advisor before making any investment decisions. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:UFOEducation
by RK_Chaarts
2
UFO: awakening price actionI've been in CryptoGames and a fan of GameFi before it was cool. Over the years I posted (and tweeted) various time about this and other games. Unfortunately I didn't buy enought to reach my target, I still need a +58% to my avg entry price. I think this will do well though. As you can see I think there's an hidden bullish DIV an probably current W candlestick is that playing out. I think that considering that current Market Cap is still 43 Mil there's a lot of room to grow, a 10x is totally in sight if the team does things well Moreover I see that they realized Ethereum blockchain has unsustainable costs and their staking is on Polygon. Which is good. I suggest you to buy some for the long term, if you want to do short term don't buy now as it's closer to resistance (my "target" blue trendline casually indicates a resistance as well. Good luck
Long
by Shotokhan
1
Bitcoin analysis in daily timeConsidering that extraterrestrial beings also use Bitcoin for their financial transactions, we should not be left behind... Bitcoin will definitely have a temporary drop and then a significant rise. We are waiting for shopping areas for spots. Two areas are considered. In the lower area, we reduce the average purchase price. The minimum profit of this business is 40%. We will definitely act smarter than the UFO owners. Not financial advice
Short
by fiftytwohertzwhale
3
Thread on SMALL altcoins with more than 10x potential THIS IS A COPY PASTE & DONE MUCH EARLIER TODAY --------------------------------------------------------------- Let's do 🧵on SMALL CAPs with potential once $BTC rips NOT SAYING BUY NOW, these are POTENTIAL #altcoins with more than 10X Posted few b4 so wont mention those $CEEK (own, bought more today) $PYR $DENT $TEL Starting from 300+ @coingecko $MOBOX (Fully diluted is 500M & doesn't really qualify, oops) $REN $WIN - doing more DD on this $JOE - Especially if $AVAX pumps - Continued #crypto SMALL CAP #altcoin🧵 Potential #altcoins once $BTC rips More than 10X $MDX #defi $TLM Fully Diluted hurt, still a top played game #p2e $RACA #metaverse $NKN Barely makes list, was a peak high, not sure if it'll make it back there anytime soon - Not doing lunch today, going #OMAD So let's continue #crypto SMALL CAP #altcoin🧵 Potential #altcoins once $BTC rips More than 10X Using Weekly charts now for better picture $OGN $BNT $SDAO would've made the list 3 days ago Means time may be running out lol, jk $DODO - Let's continue #crypto SMALL CAP #altcoin🧵 Potential #altcoins once $BTC rips More than 10X - Weekly charts $BADGER $YGG bad fully diluted but nice project #P2E $MOVR $GODS #Metaverse #NFT - Let's continue #crypto SMALL CAP #altcoin🧵 Potential #altcoins once $BTC rips More than 10X - Weekly charts $RAY #defi $RLY $UFO #p2e #metaverse #NFT $BAKE - INTERMISSION for #crypto that ALREADY 10X! $QLC May have more steam!!! Look at volume! Let's continue #crypto SMALL CAP #altcoin🧵 Potential #altcoins once $BTC rips 10X+ > Weekly charts $SFUND #p2e #metaverse #nft OWN $GAS Horrible tokenomics but MOVES $TRU - OWN #yield -
BINANCE:TLMUSD
by ROYAL_OAK_INC
NEW #ALTS That can pump in 2023Some coins on my watchlist that could outperform. one I forgot to mention #AXL Axelar #DBI... one with the most upside potential #ALEPH #APT --- solid team and technologu , high marketcap and potential token dilution #BOBA --- scould be very profitable multichain Layer 2 #DC --- highly confident #ETHW --- similar to Eth classic will. pump at random times I believe #GALA. --- Blue chip gaming coin #OP. --- solid layer 2 play for ETH #UFO. --- semi bluechip metaverse #WOO --- trading for near protocol #OPENAI -- pure gamble on chatgpt narrative
O
by BallaJi