Gold should drop down but it still has more room for the upside before it will do that. What do you think?
VTGN Tell me about my Elliot wave.
WAVES has seen some crazy gains this year, coming from a value of $0.25. In the last two days volume has picked up significantly, sending the price upward. Currently, the first resistance to beat would be the R1 line, placed at the ATH around $9. If that one is take out with sufficient force, expect the price to shoot up till $10, R2. In case we will see...
what do yo think guys?
This is another easy and straight forward setup. This appears to be an Elliot wave 5 wave fractal pattern. It seems to me that we are probably in wave 4, though I do not think wave is finished yet. Wave 4 likes to finish near the top of wave 1. We should be in the ABC/complex correction of the minor waves. We are in a small uptrend that is actually a bear flag in...
Wave 4 seems to be near completion, looking for a strong bounce off this trendline/.5 fib wave 3 retracement
It is likely Ethereum has topped out here. Lower timeframes show a tonne of illiquidity patterns and a lower high, indicating total lack of strength to push any higher, so we will need to go down to lower levels until buying steps in. Given how slowly it is moving to the downside, and that all areas of support/resistance get bought up, I would say this is a...
I believe the recent leg up noted on my previous idea was just a small wave which has now formed the first leg of a larger wave and has wicked off support. Glad I took profits right at the top, and will be entering again now with a SL around $1810
This is a fairly simple idea using the only available trendlines from previous runs and Fib extensions. BTC is also coming up to the last extension from the first Elliott Wave in this bull run. I don't think this is the final top, but we will have a large correction from here. We are melting up on low volume after a large volume sell off at around 32k, as well,...
Two possible paths ETH could take. It is unlikely to break down from here. 1150 is already confirmed as strong support with the large inverted hammer with lots of volume still unable to get below that level.
looks to me like eth is gonna keep going based on this elliot wave fractal possibly repeating
Hello guys ! I wanted to share with you my point of view on Gold. With DXY getting weaker, gold market have the opportunity to retrace on some interesting levels. These 2 patterns show us GCG1 will probably reach 2020$-2030$ area in the next weeks.
From the breakout point at about $620, where ETH started goin really vertical, it has now completed a measured move, if we assume the entire section underneath that was an accumulation zone. It also matches up with the fib extension of the first Elliot Wave in this bull run, starting from the low in March. Likely retracement targets are around $750 - 800, and...