4003: TASI: UNITED ELECTRONICSDescending Parallel Channel Coninues
Leg reaching descending channel top will be ride for Long position
Trade as per Stop loss
Descending Channel
Injective INJ - RECORD volume! +1200% profit
INJ was recently listed on the CoinBase exchange and the interest in this coin has increased significantly!
+1200% profit or even more is not sci-fi at all. Personally, I would take profit at my first target for quick gains, but if you want to hold for the long term, then you can go for it.
Buy INJ right now, because it looks like it wants to skyrocket very soon. I don't think we will go lower than this point.
As you can clearly see, we have a parallel descending channel on the 3D chart that is currently breaking out, and there is definitely a great chance for an explosive bull market.
Also, there is a local bullish flag that is breaking out as well, so you can buy a double breakout, which is nice to see. Isn't it?
According to my Elliott Wave analysis, a major ABC correction has finished successfully, and I am expecting an impulse structure.
If we take a look at the volume indicator, there is an elevated volume, which is very important. There is a buying activity from whales.
INJ is a great altcoin with huge potential, so why are you still waiting and not buying?
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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KLV/USDT breakout of descending wedgeKLV looks like it potentially just broke out of this descending and tightening wedge. If the breakout gets a follow up pump, I expect it to hit around $0.08. That's still a good 77% pump from the current price. After this I expect it to drop back down and probably make a lower low, so definitely take profit when you can.
SUSHI - Huge breakout! A new uptrend is starting right now!
Great news for the SUSHI altcoin, because the descending parallel channel is currently breaking out with an elevated volume!
Congratulations to the bulls for this success, and SUSHI is now completely free to go up to my profit target.
Take profit at the 0.618 FIB + strong horizontal resistance, which is between 5.289 - 5.890 USDT. This is an extremely strong resistance, so you want to take profit here at all cost!
According to my Elliott Wave analysis, a huge impulse wave has been completed, so there is an amazing opportunity for a massive pump in the immediate short-term.
As you can clearly see, the last bullish candle looks like a dildo, which you really want to see!
I believe this coin can pump extremely hard. But there is also a possibility of a slow uptrend. Let's see what is going to happen.
It's definitely a tremendous opportunity right here right now for the SUSHI coin, so do not waste any time and do your own research or just press the BUY button!
I expect massive gains for selected altcoins. You can find them in the related section down below.
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APPLE EX SWING PREDICTION XABCD PATTERNHere I took the trade for 3 reasons,
1 XABCD PATTERN
2 FIBONACCI level 0.618 is at the same level as strong support marked in purple on my chart which is where I set my take profit
3 the price was reaching the point D (the highest one) on the resistance of the descending channel existing since December.
4 RSI shows that the price is running out of steam, indicating a eventual drop
Ethereum - which path would you pick?I agree with market sentiment that we see a decent push here over the next few days, but will this reject off our channel high and into LTF supply on the dotted line?
Or is this the final push that breaks out of this descending channel?
Let me know what your thoughts are in the comments!
Cheers
V
Telcoin Long Term IdeasBelieve $tel still has a lot more downside.
Seems it is sticking to the descending channel with little relief in the process.
It would be interesting to know if there are any NEW projects that are similar to Tel and could replace the coin in the next run, or even produce a similar run.
I feel law of diminishing returns could cap the potential of this coin, considering it done so well previously.
SPY: Could this be the DIP on SPY? Let's see.• SPY is trying to react today, however, this reaction alone is not good enough;
• SPY is still in a Descending Channel, as evidenced by the purple lines above;
• Only if SPY breaks the upper trend line it’ll trigger a stronger reversal sign. As long as it doesn’t, or if it loses the lower trend line, it’ll just resume the bear trend;
• If SPY is about to react, now is the best time since June, as the index is reacting just above the support at $360 and the volume is as high as seen in nearly four months;
• The sentiment is still bearish, and there’s no bottom sign confirmed on SPY yet. For now, let’s focus on the Descending Channel in the 1h chart, as this pattern could trigger a reversal, if a breakout occurs.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
Descending channel - eurusd 1dDescending channel - lower highs and lower lows. On Eurusd bearish trend.
Bitcoin - No one is talking about this!
There are currently 3 options with a high probability of happening:
1) Bitcoin will crash very soon, so after that we can start an alt-season on altcoins after the crash to 13k (best option).
2) Bitcoin will go sideways for another 3 months and create a descending triangle, which will be the most boring time (you don't want it).
3) Bitcoin will go slightly up to the yellow trendline to catch all traders in a trap and then it will crash (disgusting scenario).
4) The bottom is in and Bitcoin will reach 200 000 USDT next year (no chance).
Bitcoin is below all possible trendlines on the macro scale, so the bearish pressure is extremely high at this moment!
Pretty much no one is talking about this parallel channel on the LOG scale. Also, no one is talking about the yellow trendline.
But I would not be surprised at all if we break this parallel channel, because at this point, everyone will turn super bullish and after that, Bitcoin will drop like a rock.
To complete an impulse structure from an Elliott Wave perspective, the price needs to print another impulse sub-wave to the downside.
At this point, if we break 32 000 USDT, I can say that the bottom is in, which I would love to absolutely!
If you haven't heard about the QNT (quant) altcoin, it's time to buy!
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The big short - S&P 500!
The situation for the stock market is really terrible. The fundamentals have never been worse in the last decade and it looks like we are going to drop even lower.
We have probably started a brand new major uptrend in interest rates that can reach 15% - 20% in the near future. Also, government bonds are rising, which is deadly for the stock market.
Let's be honest, it's not the best time to be in the markets if you are an investor. I believe there is an opportunity for swing traders and also day traders.
There is a possibility of a 10-year sideways bear market for the whole stock market, as happened in 2000 - 2009 or 1968 - 1980.
The price is moving in a descending broadening wedge pattern and there is more than enough space to go lower from the current price.
Regarding my Elliott Wave analysis, we have completed 2 first waves (A, B) and we are currently in a C wave if we want to stay bullish. It can also be a third wave of the impulse (1, 2, 3, 4, 5) as a bearish scenario.
I expect the 2700 level to be a strong support, which is also the FIB 1.618 extension from wave A -> B. There is also a confluence with the POC level of an expanding triangle from 2018 - 2020.
Look at my ideas about GOLD and Bitcoin in the related section down below.
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Quant QNT - The most bullish high cap is breaking out!
This altcoin is on fire right now because the bearish market structure is breaking out!
On the daily chart , we can spot an inverse head and shoulders ( bullish reversal pattern) and a descending parallel channel . Both of these patterns have been destroyed by the bulls recently!
This altcoin can definitely survive an upcoming crash on Bitcoin , so if you are pumped, then you should buy QNT right now!
As per my Elliott Wave analysis, the new uptrend started with a strong impulse wave (1) and we have also successfully finished an ABC zigzag wave (2). Now wave 3 is in progress, and this wave you really don't want to miss.
The previous all-time high is indeed a strong resistance, so you can take profit exactly at this level or slightly below to make sure you will get filled.
QNT is currently one of the most bullish altcoins in the TOP30 category, and you really want to sell ETH if you haven't already.
This altcoin is tremendous, and a 187% profit is really nice, isn't it? The bulls are right here right now!
95% of altcoins looks terrible, but this is definitely an expection. This trade provides a pretty good risk-to-reward ratio.
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AUDCAD Parallel Channel Watch for a close above parallel channel resistance level. After price closes above resistance level, resistance level turns support.
$TSLA bear downtrend channelDowntrend channel on $TSLA still holding.
Mid-channel test possible: $230.00
ETHUSD $ETH.X Ethereum cycle Outlook From 5K max high level that we saw NOV 2021 ( same period High for $SPX) we only see, lowest level, #RSI indicator can help US to understand this behavior.
The New Bear Trend Just start, from 12 sep RSI cross above 70 level, and now apparently must go to 30 levels, in this #bearchannel.
if we use Volumeprofile indicator we see very clear that next conhgestion level is too low ( near to 500 usd range zone). :(
Other waise maybe if RSI star to develop convergence, he can hope and more less we say after upside broke above 2.000 lvl, potetial valuation. this is very difficult more when all big wall street guys looking more BEARs into stock market.
XAU/USD (Selling Opportunity)Selling Opportunity on OANDA:XAUUSD
Gold has been moving in a descending channel for a while!
Keep your eyes on DXY as well!
Best of Luck!
Your feedback would be appreciated!
GBPJPY - SUPPORT BECOMES RESISTANCE 📉
the GBPJPY price breaks the daily support level ,the old support becomes new resistance level ✔
the key level is broken (1H Break of structure)
so, i predict a bearish move 📉
TARGET: 149.738 🎯
if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Link - Trendline is breaking out! +60% right now
Link looks pretty strong in the immediate short term, but for the long term I am still very bearish and I will tell you why in this analysis.
We have a huge descending parallel channel on the daily chart and there are still no signs of a trend reversal. The first is that we at least need to break up this channel to be more confident.
Also, my Elliott Wave analysis suggests that this downtrend is incomplete and we can definitely expect 2 USDT per coin next year.
But for the immediate short term, we have a nice local ascending triangle - bullish pattern , and also the main yellow trendline has been destroyed by the bulls recently.
+60% profit is possible and the previous wave (1) is a strong resistance, which can act as a reversal point in the future.
If you really want to buy something in the short term, then the LINK coin is a great choice. But do not forget that the main trend is a downtrend, so take profit very soon.
We don't know what the expected duration of this trade is. It can literally pump in a single week, or it can take 2 months to reach 13.3 USDT.
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Terra LUNC | Last chance to sell before it crashes again!
LUNC now offers an amazing opportunity to sell your coins before it crashes again, which is really great!
Also, you can enter a short position on the futures market to profit from this upcoming move to the downside.
This chart is definitely not bullish. I see a big bearish downtrend that is in progress.
The price is clearly moving in the parallel descending channel on the 4h chart, so theoretically we can still go up a little bit.
According to my Elliott Wave analysis, the first impulse wave has finished and we are in an ABC correction followed by another impulse to the downside.
My target is 0.00012000 USDT, then maybe we can start a brand new uptrend to new all-time highs. It's possible, but I am not buying anything named LUNA, LUNA2 or LUNC.
In my opinion, the volatility will go down and the price will go down slowly. Forget about LUNC, you are too late for the bull party. If you are a lover, buy it lower.
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polycabpolycab broke out of descending channel pattern on hourly charts with decent volumes, could be bought here or on dip,
with mentioned stoploss & targets.
Ethereum - Relief uptrend, the bulls are stepping in!
The bulls are ready to step in. They are waiting very patiently to enter the market for an upcoming uptrend!
I think this huge downtrend on the 4h chart is over and we need to go up now, because nothing moves in a straight line like Luna.
I see a lot of indicators on the stock market and also on other altcoins that the bulls are gaining strength temporarily.
But I think this will be just a relief rally before a continuation to the downside in the direction of the major bear market.
On the 4h chart we can spot a nice descending channel and the price is currently breaking out! I expect 0.618 FIB and the previous breakout level to be strong resistances where the bears will appear again.
According to my Elliott Wave analysis, we have finished the strong impulse wave to the downside and we are now looking for an ABC retracement.
Also, the price is consolidating in a symmetrical triangle and we are very close to a breakout, so place your orders if you trade Ethereum.
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Formation of a massive bearish flag on HTF Bitcoin charts.Title says it all. Price broke out at around $28,000. I would expect a breakout dump / downwards movement into the supply area in confluence with the bearish flag pattern targets between $17,000 and $18,000 (roughly the same percentage down as the breakout from above into the flag).
Please check linked idea for a more in depth supply vs. demand bearish sentiment and my short term view on Bitcoin's movement inside this channel / bearish flag.
Ripple XRP - Bull trap! Don't fall for this pump, important!
This pump on XRP is a bull trap to wipe out short traders before we continue lower to 0.1-0.2 USDT. Of course, you can trade XRP on the 1h chart and profit from this pump, but this analysis is on the 3D chart.
There is still room to go to the upside, so for short-term traders it's definitely an opportunity, but it's very dangerous in my opinion because this correction might already be complete.
The Bears have a fantastic opportunity to enter a short position at the top of the parallel channel + the POC of the previous symmetrical triangle. It is a common thing to re-test the symmetrical triangle at the apex point.
The trend is still very bearish on the higher timeframes, so this is just a temporary uptrend, which I would never long, because the trend is your friend. I don't know, maybe it is.
XRP has been in a bear market since 2017. It has been 5 years and we didn't even hit a new all-time high during the 2020–2021 bull market.
We have strong support at 0.1 USDT, where we can also take stop losses below this swing low before continuing higher.
As per my Elliott Wave analysis, this whole structure is totally incomplete and I am missing an impulse wave dawnward.
But after all, I think XRP will experience a massive bull market, maybe in 2023-2025, to new all-time highs because it looks very solid on the monthly scale.
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