Ethereum (ETH/USD) Elliott Wave Macro Analysis – Wave (3) Has BeCOINBASE:ETHUSD
🔵 Macro Count Overview
Ethereum has been unfolding a clean macro impulsive structure since the 2021 high and 2022 low:
November 2021: Major Wave ① top
June 2022: Bear market bottom, forming Wave ②
From there, we began a new impulsive cycle with a clear internal structure:
→ 1-2-3-4-5, which completed Wave (1) in December 2024
🟢 Recent Developments – The Foundation for Wave (3)
Over the last few weeks, Ethereum has formed a textbook Wave (2) bottom.
The correction respected the Fibonacci retracement zones perfectly and provided a strong base.
We’ve already seen a clean breakout to the upside, signaling that Wave (3) may now be underway.
🟨 What’s Next – Building Wave (3)
We are now likely in the early stages of Wave (3), which is expected to unfold in a yellow internal 1-2-3-4-5 structure.
This sequence will drive the price into significantly higher zones, confirming the start of a powerful bullish leg.
🎯 Target Zone for Wave (3):
$6,600 – $7,200
Based on Fibonacci extensions of the prior impulse (Wave 1)
Potential for higher extensions if momentum and volume align
Psychological resistance may act as short-term hurdles, but structure points higher
✅ Conclusion
Ethereum has completed its macro Wave (2) correction and is now gearing up for an extended Wave (3). With a breakout already underway, the internal structure points to a 5-wave advance likely aiming for $6,600–$7,200 or higher. As long as recent lows hold, this scenario remains firmly in play.
Eliiottwave
Tech stocks looking tired, more downside probableSince having reached the area near the all time high, the ratio of XLK/SPY has been in a pullback.
It looks like this might continue until we reach the bottom of the uptrend channel from where it could resume its uptrend to complet its 5th wave higher.
MACD and RSI are showing serious bearish divergence.
RS SOFTWARE-CHART PATTERNS AND ELLIOT COUNTS- AN INVESTMENT PICKHELLO FRIENDS,
Here I have shared chart pattern and possible ELLIOT WAVE counts of RS SOFTWARE, which showing the uptrend of this stock.
As per chart pattern, this stock is following the CUP AND HANDLE PATTERN
which shows the BULLISH TREND of the stock.
the above image confirms that as per guidelines of Cup and Handle pattern, volume contraction must be there while forming cup
after giving breakout with significant volume, the stock retested the support trend-line which previously was resistance and started its continuation in upward direction.
As per Elliot Wave, Stock has completed its correction as WAVE ABC from 829 level to 9.55
New impulse BIGGER WAVE 12345 has started from 9.55 and now stock is in wave (5) that will complete the bigger wave 1
And wave 2 will again give a dip as correction and again bigger Wave 3 will start.
This way the stock has huge space towards north.
DISCLAIMER
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.
CHF JPY | LIQUIDITY | DECRYPTERS HI welcome to Team Decrypters
== > We Are Expecting A down ward move for CHF JPY
--Double Top.
--End of Elliot Wave cycle ( So expect Bearish Correction ).
--ABC Corrective Move to Followed.
--DATA Based Bearishness.
--Divergences Along with Initial market structure Shift on HTF.
MY OPINION :- JPY will be Stronger SOON RELATIVELY
Gold ForecastGold Forecast
Gold is in a bullish cycle, and we will look for long opportunities when we see a clear 3 legs-down corrective structure. Unfortunately, the connector (B) of the current (A)(B)(C) is too shallow and it does not retrace enough according to our strategy to allow us to enter when the price reaches the IZ (grey zone). We do expect the price will bounce from the IZ, but it can be only the connector from a deeper (W)(X)(Y), so we are not going to take this trade.
What to do? 2 scenarios:
-The prices resume the bullish cycle ->We should wait for the price to break the 1,960 level before looking for buying opportunities.
-The price makes a deeper correction-> A new IZ will be created, and we will analyze its structure to check whether it is tradable or not.
In any case, we will keep you updated on the TRS community
Please remember to do not to risk more than 2% of your account on each trading idea
Nifty wave C 80% completed & heading towards 17255 - 17161-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level
-As discussed in last post wave C generally retraces to 100% - 130% in most of the cases
-markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started
-safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100
-After that we can expect new wave cycle from there but we will discuss it when the time comes
Hope this idea was helpful & good learning experience
DOTUSDT(H4)
DOT has completed its main wave 4 and is currently on the downtrend of the main wave 5. that we are moving forward step by step with this wave.
First, we went up to the price range of 6.8, which completed micro-wave 1 and then corrected to the range of 0.23 Fibonacci degrees.
In the second step, this cryptocurrency should move up to the price of $6.3, which is the support level, and after breaking the support level of $6.3, it can correct the price to lower prices.
The next steps will be updated in next week's analysis.
ADAUSDTADAUSDT(H4)
Cardano was able to complete wave A by breaking his bullish angle pattern, and then by correcting the price upwards, he completed corrective wave B.
It is currently trying to complete the remaining wave C
In a more detailed view, Cardano is looking for a pullback to the broken areas, which forms micro-wave B, and after that, we need to see what the price reaction is to micro-wave C, which is the support range (0.42).
ADA (D) Fibonacci & ElliottADA (D) Fibonacci & Elliott
Cardano is involved in its own ascending channel in the daily time frame
Wave 4 is being completed and it is at 0.23 of wave 3
This Fibonacci level with the ceiling of the channel promises the completion of wave 4 and the beginning of micro wave 5 of 2.
adausdt look super bullishmy first hypothesis is adausdt forms an irregular flat which means the next cycle will be super bullish.
My second hypothesis is the fifth wave is the peak of the chart and now it's A wave. the support zone is about 0.55-0.7 from Fibonacci of wave C compare to wave A. Have good luck trading!