CKB - 7600% Profit in 2024, buy nowThe CKB coin looks very promising for the upcoming bull market. On the weekly chart, we have a falling wedge, bullish reversal pattern that is currently breaking out! It's always important to take a look at the volume indicator when it comes to breakouts. The bullish volume is extremely high, which confirms my bullish bias. From the Elliott Wave perspective, we have a triple-three corrective pattern that has been completed, which is also a very good sign. Where to take profit? On the chart, you can see 3 profit targets. It's up to you how long you want to wait for your profits. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is Nervos Network (CKB)?
Nervos Network (CKB) is an open-source public blockchain ecosystem. Its goal is to create a peer-to-peer (P2P) crypto-economy network where users can access a wide range of provably secure blockchain services and capabilities.
The Nervos mainnet launched in November 2019 with a novel dual-layer architecture. There’s a base layer where the consensus mechanism operates and smart assets are stored, and a computation layer where transactions are processed.
The base layer, also known as the Common Knowledge Base, has its own cryptocurrency called CKByte (CKB). It uses the Proof-of-Work (PoW) consensus mechanism and drives the Nervos ecosystem. It is used to pay miners for keeping the network safe, managing network resources, and letting users store things on the network.
The Nervos Network allows developers to create decentralized applications (dApps) that can operate on various blockchain systems. Any of the network layers can be used to run both decentralized apps and smart contracts.
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Zigzag
CHZ will 50x in 2024/2025! Buy now.Technical analysis
CHZ is breaking out of the descending parallel channel after an incredible 1085 days! This is a huge event for this coin, and of course, I am expecting a massive pump in the near future. The pump is starting right now, so I recommend buying this coin right now. From the Elliott Wave perspective, we have completed a WXYXZ correction inside this channel, which is always good to see! This coin can 50x in the upcoming months.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is Chiliz (CHZ)?
Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.
For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.
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SHIBA - Buy here, do not miss next pump! (HUGE)Shiba Inu will definitely go higher later this year. Right now, we need to catch the bounce and ride the next wave to the upside. The 0.618 FIB retracement seems to be a great level to buy Shiba Inu, which is at 0.00002249. It's always important to do an Elliott Wave technical analysis for such pumps to stay in full picture. We need to see the full market structure and map of the uptrend. I suggest waiting for a bullish flag or any bullish pattern, or just simply setting your limit order to buy SHIB lower! I am very bullish on this coin, and the next profit target is 300% away!
What Is SHIBA INU (SHIB)?
SHIB is a decentralized, community-led currency held by millions across the globe. Since its inception in late 2020, the Ethereum-based SHIB token has grown to become a worldwide phenomenon, and is now accepted as a form of payment at hundreds of locations, either directly or through third-party intermediaries.
Shiba Inu coin was created anonymously in August 2020 under the pseudonym "Ryoshi." Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.
This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin.
Since release SHIB now trades on the ecosystem's proprietary DEX, ShibaSwap.
SUN - will 10x in 2024. Buy now or wait? ReadSUN is another gold mine that can make a lot of profit in 2024! We can see that we have had a 622-day long consolidation at the bottom of the chart. It's very important for whales to accumulate their coins so they can pump them and make a lot of money. What we want to do is spot the buying activity and buy before the pump!
I am definitely bullish on this coin, and the most important question - buy now or wait for a correction? It's not always an easy task, as sometimes the chart does not make any significant pullbacks. If you want to wait, I strongly recommend buying at 0.011320. Often, patience is the key to success. But if you really believe in this coin and do not want to miss out, you can buy the coin now and potentially buy even more on a pullback!
On the chart, you can see 3 profit targets that you can use. The third profit target will be specified later in 2024, so make sure you follow me! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is SUN token (SUN)?
The SUN.io platform is TRON's first one-stop platform that supports stablecoin swap, token mining and self-governance. After the redenomination, the new SUN token, as a multifunctional governance token on the SUN platform (similar to the CRV token of Curve DAO and the EPS token of Ellipsis), will grant token holders various rights and benefits such as the voting and governance right in the community, value capture, staking rewards, etc..
OM - this altcoin can 37x this year, here is whyOM looks very bullish. We can see that the previous downtrend ended with a descending parallel channel on the weekly chart. Now the price is finally breaking out! What is important is to always take a look at the volume indicator. Bullish volume is absolutely very high and at record levels, which confirms the breakout. Whales are buying it, and they cannot hide it. From the Elliott Wave perspective, the complex correction WXYXZ is complete, which is another sign of strength. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
MANTRA (OM) is a first of its kind, vertically-integrated and regulatory compliant blockchain ecosystem. The MANTRA OMniverse encompasses the DAO; MANTRA Nodes: a blockchain infrastructure-as-a-service business that includes retail staking, institutional delegation, node management and white-label validator operations; MANTRA Chain: a protocol for regulated assets for the Cosmos ecosystem; and MANTRA Finance: a globally-regulated DeFi platform that brings the speed and transparency of DeFi to the world of traditional finance.
SUPER: 5800% profit in 2024/2025Technical analysis
SUPER is pumping hard; there is no doubt about it, and the trend should continue in the next few weeks and months! I recommend buying SUPER right now for a 50x profit in 2024/2025. We can see that the downtrend has ended with a descending parallel channel, and bullish volume is very high, which is always good to see! From the Elliott Wave perspective, we have completed a triple-three corrective pattern (WXYXZ), and we are in a new impulse wave.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
"What is the SuperVerse (SUPER)?
The SuperVerse is building and delivering Web3 products that empower crypto natives with next-generation NFT functionality, and onboard Web2 users through immersive blockchain gaming experiences.
The SuperVerse comprises two core verticals: NFT marketplace technology and video games. This wide array of Web3 tools and features is supported and governed by a single protocol and token: SUPER ERC20 (formerly known as SuperFarm).
The SuperVerse harbors two central products: GigaMart, a next-gen NFT marketplace with advanced analytics tools and unique social features, and Impostors, a social-gaming metaverse."
"What makes them unique?
By creating fun and inclusive games that appeal to modern gaming culture, the SuperVerse aims to overcome the current limitations of the Web3 space and take blockchain technology and NFTs mainstream. The SuperVerseDAO is dedicated to creating a user experience that bridges the gap between Web2 users and Web3 natives.
The SuperVerse is enabled by cutting-edge Web3 technology. By adopting and refining the latest Web3 functionality, the SuperVerse aims to be a pioneer in this industry and bring NFT marketplace technology and Web3 gaming to a new level. The use of the latest scaling technologies and ingenious in-house engineering make the SuperVerseDAO a leader in Web3 innovation."
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GOLD - New all-time-high soon! (Buy now)Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action.
We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty accurately, and the uptrend is valid as long as this trendline holds. Of course, nothing lasts forever, and to be bearish, we need to wait for more confirmation.
It's always important to do an Elliott Wave technical analysis because markets always move in waves, not in a straight line. This helps us see the full picture of price action. As per my Elliott Wave count, we are in the final wave (5) of a major impulse wave of higher degree. This is something we need to take into consideration when establishing profit targets.
What is the profit target for this final wave (5)? Usually, what you want to do is take the Fibonacci extension tool and target the 0.382 or 0.618 Fibonacci extension. As you can see on my chart, I am expecting this wave to finish on the 0.382 fibo (at 2462), but I am also taking into consideration the next 0.618 fibo (at 2567). If you want to place your limit order as a profit target, place it slightly below these levels.
What will happen after we reach my profit target? I will show you in one of my next analyses, so make sure you follow my account! Let me know what you think about my analysis, and please hit boost and follow for more ideas about GOLD. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GOLD → End of correction? Up to 2380?FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend.
On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and makes an attempt to break the figure, which in general may mean the end of the correction. The price consolidation above 2328 will be a confirmation of the bulls' intention. In the near future the market may move to the phase of realization of the accumulated potential.
Resistance levels: 2328, 2352
Support levels: 2295, 2277
Technically and fundamentally there are many preconditions for possible growth. The main task is to wait for a retest of the resistance at 2328 and further market reaction. A false breakdown and a small correction before further growth may follow
Regards R. Linda!
Ethereum - Final crash soon! Then new all time high (buy here)Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to buy Ethereum in this zone?
First of all, we need to do an Elliott Wave technical analysis, which is the most important as it gives us a full map of previous price movements. From my perspective, the price is forming a triple-three corrective pattern (WXYXZ). This is a classic corrective pattern, and we are in the last wave Z. Usually, what you want to do is buy ETH slightly below the previous wave (Y) (liquidity sweep).
What's more, the price is inside this bullish flag / falling wedge pattern. This is another bullish sign for us to buy ETH below the previous wave (Y). Also, we have a long-term trendline from October 2023 with a total of 2 touches, so we also want to buy on the third touch of this upper sloping trendline.
This is a strong combo. We have a strong confluence to buy ETH between 2800 and 2700. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Bitcoin 2025 Target + Bull market mapBitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring months with a lot of sideways price action. On the chart, you can see my price projection for the next 1 year.
As per my calculations, the bull market should end in Summer/Fall 2025 with a price of around 130,000 to 170,000 USDT. The current price is 67,000 USDT, and the bull market started at around 15,000 USDT. Of course, the most money you will make is if you buy at the start of the bull market and sell at the end of the bull market, then wait for the bear market to end and repeat this cycle. I know it's easy to say, but the reality is different. But on the other side - trading Bitcoin offers much more profit than just holding Bitcoin as the price is very volatile on a macro scale.
In one of my next analyses, I will show you why the ultimate target is 130,000 to 170,000 USDT, so make sure you follow my account and do not miss my next posts! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Bitcoin - Crash to 57k, then 100k! (must see)The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC!
It's also important to take a look at the long term trendline (October 2023 -> January 2024). We have 2 touches, and the 3rd touch is inevitable sooner rather than later! It will be good if you buy Bitcoin at this trendline. Trading is easy if you have the right information. After we hit the trendline, we can continue in the bull market (100k+). Do not forget that prices are usually very volatile around the halving event.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
GOLD → The bears are selling off all the growth. 2250 ahead?FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1.
The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is testing the range support. There is a possibility of support breakout with the subsequent decline, but for this there should be either technical or fundamental reasons. There may be a pullback before the news. Ahead of Initial Jobless Claims, traders are waiting for a negative scenario against the dollar, if the data is below 212K, the gold may continue its decline, if the IJC is above 212K, the gold will head towards 2328.
Resistance levels: 2305, 2328
Support levels: 2295, 2280, 2267
The market is bearish, the correction is ongoing and gaining momentum. The market maker aims to go down to liquidity zones. But ahead of Initial Jobless Claims and tomorrow NonFarm Payrolls.
Regards R. Linda!
NZDUSD → Bears prospects. Continued decline from resistance FX:NZDUSD reaches the previously outlined target. The trend remains and has a bearish direction, the structure of which is preserved and the direction of price movement can be continued.
A retest of 0.5940 is formed on the background of yesterday's news and a slight weakening of the dollar index. The currency pair is strengthening within the downtrend, correction is being formed. Consolidation of the price below 0.5940 may form a potential reversal point with a further target of 0.585 or 0.58.
But, there is a probability that on the background of increased volatility the price may reach the trend resistance. But, the prospects are the same.
Resistance levels: 0.5940, 0.5983, 0.6000
Support levels: 0.5874, 0.585, 0.580
Technically and fundamentally we have a bearish outlook. The currency pair may continue its decline, but before that the market may test the resistance
Regards R. Linda!
BTC-USDT | 4H | TECHNICAL CHARTHello traders, Bitcoin has made its first 5 waves, now it's time for the abc waves. This is the exact move I'm expecting in Bitcoin, traders.
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If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Thank you for considering my analysis and perspective.
GBPUSD → Waiting for a decline to 1.2300FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario.
Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a resistance retest is forming, there are no prerequisites for resistance breakout. Against the backdrop of the strengthening of the dollar index, the pound sterling is losing ground and declining. This decline may continue towards the lower boundary of the trend.
Resistance levels: 1.252, 1.257
Support levels: 1.2422, 1.2300
Technically, we have a bearish trend and weak fundamental background for the currency pair, which generally determines the medium-term prospects for us. We are waiting for a decline to 1.2300
Regards R. Linda!
GOLD → Correction continues, possible target 2250FX:XAUUSD continues to decline within the framework of corrective movement. Sellers are providing strong resistance and at the moment are not ready to let the price go above the key zones.
GOLD → The bulls continue to fight back. Consolidation
Earlier gold showed signs of strengthening, which in general the market evaluated positively and was ready to wait for the achievement of high targets, but as I said earlier it is not worth waiting for growth now. The market is interested in reaching the lower liquidity zones as well as in liquidation of traders in order to balance the market. On the background of consolidating dollar the price of gold is decreasing. The market is waiting for Powell's speech, who will give comments on interest rates. Traders lay in the situation the fact that Powell may give a tough comment on the current situation and leave the rate at the same level.
Support levels: 2305, 2267
Resistance levels: 2328, 2344
Technically the correction continues. This correction is formed on the basis of both fundamental and technical reasons. This week is quite busy and it is worth paying attention to the news, which can determine the medium-term perspective.
Regards R. Linda!
GOLD → The bulls continue to fight back. Consolidation FX:XAUUSD is in consolidation after the beginning of correction on the background of profit-taking and also strong sell-offs.
Technically, the price does not show hints to leave the descending channel in one direction or another, but there are preconditions that indicate that the gold may strengthen to the resistance of the correction channel before further falling. The fall may resume amid the beginning of the strengthening of the dollar index. Within the range and channel, it is worth using the range trading strategy and false breakout or bounce principles.
Resistance levels: 2344, 2365
Support levels: 2328, 2305
The bulls are resisting within the correction, this may strengthen the price to 2350-2360, but in general the correction and price decline may continue as the market is still in a huge imbalance and the price still has not reached the key liquidity areas.
Regards R. Linda!
EURJPY → Buyer strength will lead to a continuation of the trendFX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term.
The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of Japan. There is a high probability that the mentioned resistance will be broken in order to further strengthen the trend.
Resistance levels: 164.9, 165.4
Support levels: MA-50, 163.9
The ascending triangle demonstrates the buying power in the market, the fundamental background confirms it. A break of the triangle resistance will be a trigger to buy.
Regards R. Linda!
GOLD → Sales may continue. Target 2150?FX:XAUUSD is moving out of the sideways range downward. The price is testing 2328 within the framework of correction on the background of news. Earlier, the structure of the bull market was broken, which in general can determine the medium-term potential.
“GOLD → Bears win. Downward counter-trend correction ↓”
The price is testing 2328, which is actively defended by sellers on the background of correction and sell-off wave. Yesterday the price of metal gained a little strength on the background of PMI, but the reaction may be already exhausted, it can be seen on the set-up relative to 2328.
The technical downward movement may continue, as the nearest potential target on D1 may be the 2150-2175 area.
Resistance levels: 2328, 2333
Support levels: 2316, 2305, 2267
The fall may continue. I pointed out the reasons for the fall yesterday and it is related to either stopping the rally or profit taking at 2400. The bullish structure is under threat, there is a strong sell-off in the market.
Regards R. Linda!
USDJPY → A strong buyer is willing to go higherFX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart.
Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its own life and practically does not react to the behavior of the US dollar, which starts the correction from a strong resistance.
The trigger level for the Japanese Yen is 151.94, the break of this resistance will cause the formation of a strong bullish impulse. The structure will break when the support at 151.15 is broken, but not about that for now.
Resistance levels: 151.78, 151.94
Support levels: 151.15, 150.8
Technically and fundamentally, the Japanese Yen is weakening and will continue to weaken despite the change of actions of the central bank of Japan. The currency pair may renew the high in the medium term.
Regards R. Linda!
GOLD → One step away from a correction? What's going on?FX:XAUUSD is stopping after a strong rally. The price tests 2400 and forms a local maximum, but what is surprising is that the market does not let the price beyond 2400 yet.
The market is starting to gain liquidity at the expense of the buyer. Price comes back into the range after attempting to break 2400 and eliminates the buyers. The first bells are appearing for a possible start of correction after a strong rally.
At the moment it is worth paying attention to the range 2365 - 2400, there is a chance that the price will stay inside this corridor for some time. Since the trend is bullish, we should still expect growth in the future, but there is a risk and panic area on the chart, if it is broken through, a deep correction to 0.382 Fibo or 0.382 on D1 may start.
Resistance levels: 2400, 2418, 2431
Support levels: 2365, 2300
The bullish trend is in priority and it is worth to build your trading strategy in relation to the trend. False break of 2365 and consolidation above 2372 may favor the growth, as well as break and consolidation of the price above 2400.
But the chart is beginning to show the preconditions for a possible bearish correction. We continue to watch the level of 2365. Breakdown, updating of the local minimum of 2352 and consolidation of the price below this area will form a downside potential
TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! MCX:GOLD1!
Regards R. Linda!
AVAX-USDT | 4H | TECHNICAL CHARTHello traders, AVAX has completed its first 5 waves, and now it's time for the completion of the ABC wave. Right after the completion of wave C, I combined harmonic patterns and made an analysis of both. I marked my target with yellow arrows on the chart after the completion of the harmonic pattern.
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Thank you for considering my analysis and perspective.
Bitcoin - more crash is coming! -21%Bitcoin crashed significantly, as I warned you in one of my previous analyses:
What now? Is the crash over? I don't think so! The halving event is in a few days, and huge volatility is expected. The problem is that below the current price, we have a double bottom pattern, and there is a lot of liquidity that whales need for their huge buy orders. It's really very likely that the market is going to go down! What's more, we have a fair value gap below the current price as well, and usually these gaps tend to be filled sooner rather than later.
It's always important to do an Elliott Wave analysis before making such statements. If we take a close look at the price action, we can see that the impulse wave 12345 was completed and we are in a corrective phase. We need to complete this ABC correction before going higher to an all-time high! Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.