Eliotwave
ENJUSDT will countinue up trendEnjin coin is in the third wave when you look daily chart (but it is not finished)
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is shown with path lines.
According to daily chart we can find two targets (pink boxes).
4h chart shows a continuing cycle which is going to start the fifth impulse wave.
As you see, the 4h and daily targets are almost the same. and also the channel confirms us.
60000$ is the new target for BitcoinBitcoin is in the third wave of a cycle which is started form March 2020.
But if we consider the last impulse wave which started from Sep 2020, it seems that the third and forth wave has been finished and the new impulse is expected.
(the ending point of the forth wave can be easily fined by the help of retracement and extension fibonacci and also EMA50 which is shown with blue box)
Therefore, 4h and daily chart are shown that BTC is started a new wave with short time and long time targets.
#BLNK Acending Triangle - BLNK After a hard fake outsell off BLNK found support on a strong trendline creating a textbook acending traingle, or abcde correction looking like like i said a textbook traingle acbde following rules with E being a common fakeout.
- Energy overall this year looks extremely bullish as well strong support with the EMA and the powerful Cloud long with a trendline.
- As energy sector been correcting its been looking like signals of reversal here soon for a explosive move to the upside keep it on watch!
#CRSR Long?- CRSR looking like a nice long after making a long correction of lower lows. But also making higher highs, but leaving nasty fakeouts.
- Its been holding support pretty good so far and its been bouncing of a strong trendline and fibs.
- It might have also left a scot wick to the upside possibility being filled if we start to push up but it has left a weak supply zone that we should rip right through if we return to thouse levels once again.
Overall bullish but if it breaks itrs trend of lower lows i would leave it alone as it then will become a risky trade.
#LI Reversal Coming Soon?- Li showing life of reversal here but breaking that trendline + Fib plus strong support will just bring more downside.
- But with that being said everything mentioned above plus indicators do show signs of a bounce or possible reversal here.
- Li usually runs along with Nio and Xpev as well can pump along with energy so its something to watch out.
Overall bullish as there is a lot off signals showing strong strength of reversal.
#DDOG Triangle Long!- DDOG looks like a Bullish Triangle With E ending bouncing off the cloud as well as the trendline.
- Also with thouse bullish engulfing candles the low has been set stop loss would be bellow or at that candle.
- DDOG also is a highly bought up by the legendary Cathie Woods.
#AMZN Is This The beginning of Amazon?- AMZN looking like an amzing falling wedge, I believe its done with its long abcde correction, as well bounced looking to be bouncing off the trendline here soon witht he fibs.
- Not a strong confirmation as ER is around the corner and it can actually be the reason why it can actually can drop hard instead of following this bullish wave count.
- ER should determine the direction of Amazon.
- I am not too confident on this one i would like to as FAANG is looking extremely weak
#MSFT Acending triangle Retest?- MSFT showing a retest of a somewhat acending triangle, making it a nice wave 2 count for a wave 3 incoming.
- MSFT also has a event on Monday and Tuesday along with AI.
- This can also be the retest here for a move higher but judging how market has been moving I am bearish on tech until they show strength and direction
#APPL Tech Bearish?????- APPL for the time being looks like it can bounce off support here soon, but if does it has to break that wave 3 for it to invalid this bearish count. Creating a Head and Shoulders.
- Apple if it follows this count will start of a huge wave 3 impulsive move.
- Bearish on the market for the time being mostly tech due to the events going on with the "Meme Stocks"
#WKHS Update -WKHS after an amzing breakout of a beatiful triangle i see 5 waves up for a impulsive wave 3.
- Its looking like a deep wave 4 retracement but it aligns for a the higher degree wave looking really good!
- I do expect a sideways movement before it does go to wave 4 but breaking the low will make this count be a 1,2 which means wave 3 will be more impulsive hopefully not but if it does don't miss it .
#LAZR Triangle?- LAZR looks like some sort of triangle abcde but can also be a 1,2 count,
- It does have strong support right now due to that trendline bounce and right into the cloud as well.
- Still cautious on this one but I do expect a bounce for a scalp or day trade
BITCOIN update analysisHi traders, last week we saw expected push to the upside on bitcoin, but after that price made pullback again, which for me is showing that price isnt ready to push higher. So i i change my view a bit, i still expect that push to 27k area to complete that flag, since we have A-B wave at the moment, so we need third leg so complete this pattern. So as you see price is forming bearish price action. I already have one short posittion secured with be, from 34760 but i expect price to make bigger correction. So wait for price action to complete before selling! I will update below price action for better understanding! Stay patient!
PLTR clean ABC complete. Off we go.Chart shows the fib extensions for clean ABC and subdivision of C. I have us going up a 3rd wave of the 3rd wave with the 1.618 extension of 1 to 2 at $58. The biggest hurdle will be breaking out of this channel. If we can't break out of the channel, looking for IPO range prices (think BTC 2018 correction pattern for a triangle).
$OPEN Bullish!- OPEN is looking extremely bullish is in a huge channel between both trendlines (black trendline).
- It also looks like it broke out of flag and currently going to retest the trendline and making some sort of a falling wedge!
- It also looks like its a 5 wave structure to the upside, ending in that prefect trendline (black trendline)
- Overall Bullish with indicators showing sign of reversal don't miss this one!
$MSFT Long Return of Tech- MSFT finally showing life of a break out once again, this time i beehive is go time for it.
- It looks like its finally ready to break what feels like forever traingle.
- New wave count intact but it seems to be extended as that wave 2 retrace deep
- Overall market looks bullish on tech
$RIDE Possible Traingle - Ride looking like a nice triangle, correcting forever.
- It also showing a possible acbde traingle but very unlikely as a the famous 1,2 count is showing off nicely for a huge long to the upside.
- Overall bullish!
$DKNG Possible Long- DKNG looking like a huge triangle to the upside.
- It also looks like a possible IHS.
- Catalyst coming up is the super bowl be cautious as it could be a huge HS and bee sell the news.
- If this triangle breaks out to the upside it will be a huge move!
$JKS Flag!- JKS looking strong with a huge Flag combined what i believe is a inverse head and shoulders.
- Its currently in a wave 4 correction phase so this could be a pullback.
- It also has a Biden catalyst too.
- Bounced off the fib nicely but once this flag i believe it is in i see a huge move to the upside
$LAZR Long!- Lazr update it is following the triangle its in it might be a diffrent count but almost all alt counts show this a full on long
- I see a triangle pattern along with it bouncing off support
- First target is 40 after that i see ATH
