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Zigzag

GBPJPY → Correction on the background of a bullish trend FX:GBPJPY forms a false break of trend resistance, after which the market enters the correction phase. The technical event coincides with the fundamental one - the Central Bank starts to regulate the currency policy of Japan more strictly. Even against the background of rising interest rates in Japan, traders are still bearish. The currency pair as a whole is declining on the background of the pound sterling falling while the dollar is growing, but the Japanese Yen is standing still, but the candlestick setup on D1 hints at the soon beginning of the fall, which can strengthen the currency pair. A retest of the trend support or one of the strong levels before further growth is possible. Resistance levels: 190.5, 191.32 Support levels: 189.69, 188.82 Technically, the bullish trend may continue after the correction ends. The area of 189.7 - 188.82 may again have a bullish influence on the currency pair. Regards R. Linda!
Long
by RLinda
4
GOLD → A false break of $2265 will lead to a retest of support FX:XAUUSD has been reaching 2265 since the open. The price is moving out of the ascending price channel, which indicates a strong bull market. But, there is a huge imbalance area forming below, which can be liquidated before further growth. The dollar is also strengthening and the market is waiting for bullish news on the index today. In this case it may give a small correction wave for the gold market. Moreover, there is a huge area of imbalance at 2265-2222, in which case it would be logical to expect a retest of the previously broken channel resistance or even key support before a further rise. Resistance levels: 2265 Support levels: channel resistance 2245, 2222 Technically, we can expect a correction after the rally. The trend may continue from these support zones. Regards R. Linda!
FX:XAUUSD
by RLinda
8
EURUSD → The pair is ready to continue the bearish trend FX:EURUSD is not going to change the global trend yet, continuing to break support zones with the aim of further declines on the back of the dollar index growth. The dollar index is preparing to strengthen further. The price is breaking the trend, which is generally negative for the currency pair. Today the market is waiting for PMI. In general, the data is expected to be better than in the previous period, but it is worth paying attention to the actual data in relation to the expected data. Technically, price consolidation below 1.07958 will form a bearish potential and further momentum towards 1.0700. Resistance levels: 1.08597 Support levels: 1.07958, 1.0703 The currency pair is ready to continue the trend. Consolidation of the price below this level may be the beginning of the impulse. Regards R. Linda!
Short
by RLinda
2
GOLD → Previously untouched terrain. Correction or growth?FX:XAUUSD is a pioneer. The price is testing new highs in a new, previously untouched zone. High interest in the metal, rumors and crisis leads to the fact that the growth of gold outpaces the growth of the dollar. Dollar Index (D1) Breakout of resistance and news The dollar is also rising. The price of the index has been supported by regulators for an extended period of time. The price is moving into a new range. What is interesting is that against the background of USD appreciation, gold is also rising in price. But this has its own reasons: the expectation of a rate cut, according to Powell, 3 rate cuts are expected in 2024. High interest to gold as a hedge asset, as well as the huge buyout of metal by central banks, which only fuels the price to strengthen. Gold (H1). Key levels and technical situation Technically, gold is at its highs. On D1 the price is testing the exit from the existing price channel. The closing of the session on Friday indicates that the market will try to move higher. The only thing that confuses me is the price going outside the global channel on the background of distribution, the metal, from the technical point of view, has no potential to overcome this boundary from the first time. A pullback or consolidation is possible. It is worth paying attention to two price levels: 2235 and 2222. A breakthrough of the upper boundary with the subsequent consolidation of the price above this level will continue the growth. The expected target in this case could be 2250. A break of the lower level may activate the liquidation of buyers, which will form a correction to 2212, 2200 Regards R. Linda!
FX:XAUUSD
by RLinda
5
Education chart - SIMPLE ZIGZAGS in WXY DOUBLE ZIGZAGI started to assemble own ibrary of ElliottWave patterns and rules. Here simple zigzags occured in: wave W and wave Y of WXY double zigzag Zigzag 1 - wave W Wave A - leading diagonal Wave B - double zigzag Wave C - ending expanding diagonal ending at the top line of the parrallel channel Zigzag 2 - wave Y Wave A - impulse Wave B - double zigzag Wave C - ending expanding diagonal ending at the middle of the parrallel channel ----------------------------------------- ## Rules for Simple ZigZag - Subdivide into three waves. - Wave A is always an impulse or leading diagonal (expanding or contracting) - Wave C is always an impulse or ending diagonal (expanding or contracting). - Wave B is any corrective pattern. - Wave B never moves beyond Wave A start - Wave B always ends in Wave A territory - Wave A and C cannot be both diagonals of the same type (contracting/contracting or expanding/expanding), other combinations are possible ## Norms - Waves A and C are frequently impulse waves but even more often they alternate between impulse and diagonal modes. Waves A and C may occasionally alternate between contracting and expanding diagonals - Waves A and C cannot be diagonals of the same type - Wave C must travel past Wave A's top. In Elliott Wave Theory, failure to do so is referred to as truncation - Wave C should not go below 90% of Wave A ## Guidelines - Wave C is typically equal to 0.618 (occasionally 1.618 or 2.618) of wave A - Wave B typically retraces 38-79% of Wave A - in case B is a triangle it retraces **38-50%** of Wave A - in case B is a running triangle, the retracement can be **10-40%** - in case B is zigzag, the expected retracement is **50-79%** - The parallel channel that connects Wave A's start and Wave B's finish may provide a hint of where Wave C might conclude by extrapolating the other line from Wave A's end - If waves A and C are both strong, wave C will reverse at the channel's top line - If wave C appears weaker than wave A, it may reverse at the channel's middle - If Wave C performs stronger than A, a double channel will be used as a target of the reversal point. ## Occurs in Wave 2 Wave 4 (unless happened in wave 2) Wave W, Y of WXY double zigzag Wave W or Y of a combination Wave B of ABC flat Waves 1, 2, 3, 4, 5 in contracting diagonal Wave B of ABC zigzag Wave X of WXY double zigzag
TVC:USOILEducation
by Fomenka
3
Been trying to find the bottom and KRL and this might be it.A falling wedge pattern shows that this might be the nearing the end of this consolidation phase. In that case we can expect a decent push for $KRL towards it's all time highs and further for this bull run. Still considering the fact that the project is building on AI capabilities, we can expect a boom based on fundamentals as well given the tokens small market cap status on Coinbase and its low supply token. #btc #eth #KRL
COINBASE:KRLUSDLong
by WiseChimp
AUDUSD → Price is getting ready to break support FX:AUDUSD is forming a downtrend amid the growing dollar index. The currency pair is under pressure from sellers. Support level 0.64039 is forming on D1, which continues to hold the market. But, the buyers' urge may be broken, as the price continues to squeeze to the support and is gaining potential for this. On the background of the rising USD and weakening Aussie, the sellers have high chances. The target in this case will be the area of 0.6443 and 0.6352. Resistance levels: 0.6540 Support levels: 0.6504, 0.6443 Technically, the currency pair has a negative background and most likely the decline will continue. A break of this support will give a bearish impulse. Regards R. Linda!
Short
by RLinda
5
What to eat while trading Bitcoin? (2025 target)Trading Bitcoin doesn't have to be hard. With proper food, we can increase the probability of our trades. There is no secret that a large part of the Bitcoin community is on a carnivore diet (a meat-based diet). They believe meat, especially red fatty meat, is essential for human health and brain function as it contains hundreds of yet-undiscovered vitamins that cannot be found in plants at all. Meat is extremely easy to digest and does not cause any allergic reactions; in other words, meat is easily accepted as a fuel for our daily activities. Brain function is important in our daily lives, especially when it comes to trading. I will share with you the top foods that are best to eat while trading Bitcoin. It's important to not overcook your steaks, as nutrients get destroyed with heat. That's why many people prefer to eat medium-rare steaks. The carnivore community prefers to eat beef or lamb on a daily basis and they refuse to eat fruits or vegetables. 1. Japanese Wagyu - Wagyu beef is rich in these essential fatty acids, which help reduce inflammation, support brain health, and boost overall wellness. Wagyu beef boasts a higher concentration of CLA, a fatty acid known to assist in fat loss, improve lean muscle mass, and support a strong immune system. 2. Tomahawk / Rib Eye Steak - As a high-fat and high-protein food, a bison tomahawk ribeye steak is a good source of certain nutrients, including protein, iron, and B vitamins. It's an excellent source of protein and fat. 3. Liver - Liver is a super food no one talks about. Liver contains complete mineral and vitamins profile, so you don't need to take any other supplements if you eat it. It's recommend to eat liver on a weekly basis to support your body with all micro and macro nutrients. Liver is not an allergen, so it doesn't cause any issues to the human body. Liver is the most nutrient food that you can eat, especially in raw form. Let me know your thoughts, what is your favorite food?
Long
by Xanrox
40
Bitcoin - Relief rally soon, but then crash to 50k!Bitcoin is going down, as I was expecting in my previous technical analysis of Bitcoin (see in the related section below). What now? Markets always move in waves, and that's why it's always good to do an Elliott Wave technical analysis. My Elliott Wave count suggests that wave (A) will soon be completed and we will see a relief rally back to 66k. A lot of alts are going to pump during this relief rally, so make sure you have some. On the day down, we have 3 strong supports. The first support is at around 59340 USDT because of the previous significant swing low. Also, 20% corrections are classic in the stock market. The second support is at 53080 (fair value GAP) and the third support is liquidity below wave (4) at 50585. We are most likely going to hit the 50k level sooner or later, so be prepared! Then we can start a new bull market and reach levels above 100k later this year. 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.
BITSTAMP:BTCUSDShort
by Xanrox
94
GOLD → Trading inside the range. Target is support FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the range, the market still has targets below 2166, especially the area of the lower boundary of the flat, as there is a huge amount of liquidity hidden there, which is clearly of interest to traders. Consolidation below 2180 may favorably influence the price down to 2166. A break of 2166 will send the price to 2150 and 2144. Resistance levels: 2180, 2186 Support levels: 2166, 2150, 2144 Technically, the local trend is neutral. It is acceptable to trade both buying and selling. But the market has an unclosed gestalt within the range trading: liquidity area 2150-2144 TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
GOLD → Range trading. What is the importance of the 2144 area?FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity zones, which the market maker will gradually reach. But, the most interesting thing is that the main gestalt is not closed yet: the strong support at 2144 has not been tested yet, and neither has the liquidity in this zone. On H1 we see an upward movement. The target of such a move could be the 2180-2185 area, or range resistance with a subsequent decline to targets below. A standard trading situation inside the range is being formed. Resistance levels: 2186, 2180, 2195 Support levels: 2166, 2150, 2144 Within the mentioned flat, the price is trading between the zones, levels, forming consolidation. There is an important area inside the range, which has not been tested yet, hence, the market may head from the resistance to the indicated liquidity zone below COMEX:GC1! TVC:DXY COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
45
EURUSD → Resistance pressure on the bearish trend FX:EURUSD is testing the support of the range formed inside the bearish trend. There is resistance pressure in the market. Bostic ( Fed ) stated that he now expects only one interest rate cut this year, thus this comment can be read as a hawkish attitude of the regulator. Bostic is often aggressive in his comments after Powell's speech The dollar index are in a bullish phase, which has a negative impact on the euro. On H4, the price is bouncing off the support and may test the nearest resistance before further declining on the trend. Resistance levels: 1.08597, 1.08975 Support levels: 1.07958, 1.07030 Technically, against the background of bearish trend, the resistance may affect the price accordingly, which may lead to a retest of the support with a subsequent breakout and decline. Regards R. Linda!
Short
by RLinda
3
GOLD → Trading within the range between levels FX:XAUUSD is forming a correction after a false breakdown of the resistance of the range. Against the backdrop of a strengthening dollar index, pressure from resistance appears in gold. The market is starting to bet that the Fed will not cut rates this year. At the same time Bostic (Fed) said he now expects only one Fed rate cut this year following Powell's comments about a pledged 0.75% cut in 2024. Gold on D1 in the 2195, 2148 range. The candlestick setup is bearish and most likely inclined to see the decline continue. The target in this case is the area of 2150-2145. On H1, the market is forming pressure from sellers on the background of strengthening dollar index. Resistance levels: 2172, 2177 Support levels: 2166, 2156, 2150, 2144 Technically, within the range gold may test the liquidity area 2150-2145 as it is a tidbit for both market maker and traders at the moment TVC:DXY COMEX:GC1! Regards R. Linda!
FX:XAUUSDShort
by RLinda
12
GRT can 10x in a few weeks! Best time to buy now?Technical analysis GRT looks extremely good on the weekly chart. We can see that the downtrend ended on a breakout of the red trendline, and since then, the price has been going upward. I believe this coin will 10x in 2024 if you buy it at the current price. We should hit an all-time high in 2024, and in 2025, this coin will continue in the price discovery! Put a stop-loss below my support zone! 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 Makes The Graph coin Unique? The Graph is working to bring reliable decentralized public infrastructure to the mainstream market. To ensure economic security of The Graph Network and the integrity of data being queried, participants use Graph Token (GRT). GRT is a work token that is locked-up by Indexers, Curators and Delegators in order to provide indexing and curating services to the network. GRT will be an ERC-20 token on the Ethereum blockchain, used to allocate resources in the network. Active Indexers, Curators and Delegators can earn income from the network proportional to the amount of work they perform and their GRT stake. Indexers earn indexing rewards (new issuance) and query fees, while Curators earn a portion of query fees for the subgraphs they signal on. Delegators earn a portion of income earned by the Indexer they delegate to. 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.
Long
by Xanrox
7
BTT can 200x in the next bull market. Time to buy?BTT (BitTorrent is one of the biggest torrent clients in the world. Fundamentals are strong, and technicals are as well. We have the biggest candle in history; this is a serious business. I am expecting at least 100x - 200x in the next bull market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! BitTorrent’s original goal was to disrupt the legacy entertainment industry and how consumers obtain content. Expensive and inefficient distribution networks were the main target, with original developer Bram Cohen seeing benefits in allowing internet users to distribute content among themselves directly. In the early 2000s, BitTorrent became the go-to P2P file sharing platform, with TRON stepping in 2018. Under TRON, BitTorrent has expanded its user appeal to those interested in decentralized solutions and cryptocurrency, as well as to its own user base. Among the added features are BitTorrent Speed, which uses the BTT token as part of its operations. BitTorrent has also branched out into paid services, offering several “premium” versions of its platform which include VPN capabilities and ad-free browsing. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
45
Rune will 15x in 2024! Buy this coin immediately.Technical analysis Rune is an extremely bullish coin and will hit a new all-time high relatively soon! It's still a good time to buy this coin and make a very nice 1500% profit this year. Why? As we can see, the coin is breaking out of the descending parallel channel on the weekly chart. Always wait for the rarest, but the retest already happened, so I don't think this coin will go down anymore. You can take the profit early or hold it to my ultimate target, which is a 1.618 FIB extension. Volume is extremely high, we have almost a record, which confirms my idea! 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 Makes THORChain Unique? THORChain enables native asset settlement, allowing users to swap Bitcoin, Ether, Stablecoins, and other coins across 9 distinct blockchains. THORChain does not wrap or peg assets, instead it allows value to be exchanged from one coin on one blockchain to another coin on another chain. THORChain uses a unique system to help mitigate the issue of “impermanent losses” — or the often temporary losses that a liquidity provider can experience when contributing to liquidity pools. It achieves this by using a slip-based fee to help ensure liquidity stays where it is needed. THORChain combines a range of novel technologies, including on-way state pegs, a state machine, the Bifröst Signer Module and a TSS protocol to seamlessly facilitate cross-chain token swaps permissionlessly. This is all kept behind the scenes, making the platform accessible to even inexperienced traders. The protocol isn't profit-oriented. All fees generated by the protocol go directly to the participants eg. node operators and liquidity providers, and there are no provisions for the team. Instead, the team is incentivized by simply holding RUNE — just like everyone else. THORChain enables Streaming Swaps which allow large swaps to be broken up into many smaller swaps over time, which significantly reduces swap fees for users. Other than swaps, THORChain offers single-sided liquidity provision through Savers. Users can provide Layer 1 assets such as BTC and earn single-sided yield without impermanent loss. THORChain also hosts a flagship Lending protocol where users can borrow against their native BTC or ETH and receive a USD-denominated debt in the asset of their choosing. The loans have no liquidations, no interest, and no expiration. 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.
Long
by Xanrox
14
GOLD → Retest of liquidity area before further growth FX:XAUUSD corrects after testing $2222. News on Thursday shook the market after Powell's dovish statement on Wednesday, which spurred a false breakdown and a 2.5% fall Yesterday the market met a bullish wave of news for the US market: Initial Jobless Claims down, PMI up, overall this is a locally positive scenario, but today at 13:30 Powell speaks, who can probably remind some of the things he said on Wednesday. Technically, gold is forming a retest of the 2166 support, which prepares us for a continuation of the decline that could happen before the news to test the strong liquidity area. But, Powell's speech may refresh traders' memory again. In this case, the market may resume the growth phase again, as the general fundamental background for gold is favorable for further growth. Resistance levels: 2172, 2183 Support levels: 2166, 2152, 2144 Now on H1-H4 a range is forming and price is heading towards support - a classic trading strategy inside a range is to trade from its boundaries. Pay attention to today's speech of the Fed Head. His words can both cheer you up and shock you ;) CAPITALCOM:DXY CAPITALCOM:GOLD COMEX:GC1! Regards R. Linda!
FX:XAUUSDLong
by RLinda
12
VINC Biotech Penny Stock Followup Swing TradesVINC was a penny stock and is now in the near penny category as this biotech stock has had a great run in the past 10 days. On the 30 minute chart, 225 shares are bought at low prices and 125 shares are sold for profit with 100 shares still running as the momentum slows. Overall, the trades where profitable averaging 12% daily in an average trade of 4.5 days. Time and effort in the trade were minimal as the price action was monitored by alerts and notifications as to price to moving average and moving average to moving average crosses as well as dips and peaks of RSI under 40 or over 70 to notify for potential buys or sells in this zig-zag strategy which intended to optimize profit and minimize time and effort in trading.
NASDAQ:VINCLong
by AwesomeAvani
GOLD → Waiting for the news. What are the odds of a fall ↓ ?FX:XAUUSD is trading under resistance pressure. The market is still forming a downward correction channel after a strong rally. Ahead of important news that will determine the medium-term outlook. The price is testing the correction resistance, but at the same time sellers are still holding the market back. Buyers do not let the price go beyond 2145-2150, thus a bearish pattern like a descending triangle is formed on the chart. The market still has a chance to break the support and this set-up has a high probability. The news is coming and everyone is waiting for what Powell has to say about the rate and inflation. His words may determine the medium-term outlook for the market. Resistance levels: 2160, 2163 Support levels: 2152, 2144, 2125 I am still inclined to believe that we have a fall ahead of us (globally - false breakdown of 2145-2150). Before that, on the background of news, the price may retest the resistance. The main prospective target is the price decline on the background of strengthening of the dollar index. Regards R. Linda!
FX:XAUUSDShort
by RLinda
22
Bitcoin - All time high TRAP - 33% CRASH soon!Bitcoin almost reached an all-time high, but not yet. Wait for it; it will go above the previous ATH from 2021 pretty soon! And what happens after that? A lot of people will start buying the new all-time high, the news will be full of articles, and retail trades will buy the peak. Whales need liquidity, especially on BTC, so they will trigger a massive crash after that. I am expecting a 33% crash back to 50,000 - 47,000. But first, Bitcoin should hit 72,000 - 73,000. From the Elliott Wave perspective, we have almost completed wave (3) of the entire bull market, and we are going to experience wave (4) soon. Then I am expecting wave (5) to finish the bull market; sometimes wave (5) can be super-extended and stronger than wave (3).  What's more, we have a huge unfilled fair value GAP below the current price, as you can see on my chart. These gaps tend to be filled sooner rather than later. My suggestion for you is to wait for much lower prices. Buy Bitcoin at around 48,000 - 50,000. Do not FOMO in! 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.
Short
by Xanrox
148
GOLD → Correction + bearish set-up. What to expect from XAU?FX:XAUUSD is being held very tightly within the downward correction channel. The fundamental background on the market is weak, at this time the dollar is growing, which in general negatively affects the price of metal. Set-up on H4 shows us a strong resistance on the market. In general, this is due to the negative fundamental factor because of the economic news, which generally supports the dollar index. There is a pattern forming on the chart that could break the support formed in December 2023 (2145-2150) In this case a false breakout could occur. Statistically, the strongest moves occur after a false breakout. A breakout and consolidation below 2145-2150 may initiate a strong decline to the liquidity areas indicated on the chart. Resistance levels: 2156, SMA Support levels: 2144, 2125, 2100, 2075 I expect a retest of 2145-2150 with a bounce. If the price quickly returns to this support, the chances of a breakout will then increase. Fundamentally and technically, the gold market is showing weakness, so we should expect a negative scenario at the moment TVC:GOLD COMEX:GC1! MCX:GOLD1! TVC:DXY Regards R. Linda!
FX:XAUUSDShort
by RLinda
14
AUDUSD → The Bears continue to dominate. Waiting for the fall FX:AUDUSD continues to form a downtrend in the medium term. There is no way the Australian dollar can change the trend against the backdrop of a consistently strong US dollar. Global and local trends coincide and have a downward trend. The dollar index continues to trade on the wave of positive economic news. Most likely in the future the currency pair will continue its decline. On H4 we are interested in the level of 0.6535. Consolidation of the price below this zone will form the potential for further decline. Medium-term targets in this case will be 0.6443 and 0.6352. Resistance levels: 0.6535 Support levels: 0.6443 The bearish trend formation is likely to continue. The dollar is strong and is not going to give up its positions, which generally has a negative impact on the currency pair. Regards R. Linda!
Short
by RLinda
1
GBPJPY → The bullish trend may continue for a long time. Why?OANDA:GBPJPY has been forming a bullish trend for 4 years. This trend may continue its growth as the national currency of Japan is not going to strengthen. On W1 we see a clear trend within the global range. The target in the medium and long term could be 195.844. On H1 there is a beautiful price channel and flat. Within the flat price is trading between levels, earlier there was formed a capture of liquidity from the support at 188.83 (false breakout), which in this case formed a sufficient potential for further growth, as the key liquidity, which is now interested in the market, is located above 191.33. Resistance levels: 190.08, 191.33 Support levels: 188.83, 187.96 In the near future we expect a breakthrough of resistance at 190.08 with further consolidation of the price above this area, which will form the potential for growth to the target Regards R. Linda!
Long
by RLinda
6