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Elliottwaveprojection

ETH Cup & Handle must hold wma200@1260 or 880/600 is comingIn this weekly chart,ETh must hold the green support zone near wma200 @1260 for the cup & handle pattern tp play out. BULLISH SCENARIO: ABC has ended with wave C bottomed at 883 & a new EW cycle begins with a cup & handle holding the1260 green zone & a BO of wma20 is coming. BEARISH CASE: A wave 5 of C is still in the making which may make a double bottom near 883 or even a lower low near 600. We will anticipate but not speculate. BE REACTIVE & NOT PREDICTIVE! Not trading advice
BINANCE:ETHUSD
by xtremerider8
3
TCC | Wave Analysis | Falling Wedge Breakout TargetElliott Wave Projection - Price action and chart pattern trading > Bullish Wedge Elliott Wave downtrend channel breakout > Key resistance SMA200 > TP1 @ 0.382 retracement of previous wave 5 - volume profile point of control zone equal to distance of wave E to the falling wedge breakout point > TP2 @ 0.5 retracement - upper resistance of key volume profile zone = distance of wave C > D from breakout point > TP3 @ 0.618 retracement - equal to the distance of A>B +30% > Entry @ Pullback SMA200 zone > Stoploss @ SMA20 zone -10%+ > Risk reward ratio: 3:1 Always trade with affordable risk and respect your stoploss
SET:TCCLong
by dukeposh
HANA | Elliott Wave Projection | Inverse Head&ShouldersPrice action and chart pattern trading setup > Elliott wave projection downtrend breakout with inverse head & shoulders pattern > A possible wave B rebound targeting 0.382 - 0.5 retracement of A > Entry @ H&S breakout SMA25W > Target @ 0.382 retracement of Wave A / SMA50W zone +25% > Stoploss @ right shoulder / SMA400W -12% > Risk reward ratio: 2:1 Indicator: > RSI Week bullish divergence, breakout MA line > MACD Week golden cross below baseline Always trade with affordable risk and respect your stoploss
SET:HANALong
by dukeposh
ZM accumulating @pandemic zone since Russian invasion; next TPsZM will continue to increase user base in the next few years even if work-from-home subdues. It has made a perfect ABC correction with A=C & is has been consolidating in the pre-pandemic 102 zone since Russian invasion started in Feb 2022. The risk of worst-case scenario is very low compared to the great upsides if a new EW cycle begins after ZM breaks above the pandemic zone & go above Ichimuko cloud in the 4Q2022. Not trading advice
NASDAQ:ZMLong
by xtremerider8
NVDA: Will pull back soon, but bullish longtermNVDA provided a textbook 5-wave impulsive move off the low. The 3rd wave tagged the 1.618 extension and the 5th wave has reached the 2.0 extension. This move has been very clean. However, the fibonacci extensions have been reached and now momentum is beginning to fade (see MACD). That being said, I expect NVDA to pullback over the next 2-3 weeks. I would like to see price retrace to the .5 - .618 retracement levels, filling the gaps in an A-B-C pattern, followed by a push back above the Wave 1 high. If this happens, the price target for wave 3 will be in the 240-250 range.
NASDAQ:NVDALong
by TomDaSpankEngine
Bitcoin Doomsday Vs. 100k + Rampage. Here's HowHey Everyone! Thanks for dropping in to see how bitcoin can crash to sub 29k or break up to 100k + Targets. In this quick summary I'll give you my bias and a break down of the invalidations of these two paths. Let's dive in! Count 1 is the 1,2,1,2 impulse wave to the upside. This count gets invalidated if we break under 44k. The likelihood of this count coming to fruition increases when we break over 51k. Count 2 is the pink ABC, which connect to the downside with the red arrow and would take us sub 29k low. This count increases in probability by getting rejected in our current box under 51k and then having price fall to 44k, and is looking extremely strong under 37.5k. This count gets invalidated when price extends above 51k and 100% invalidation is at 56.4k. My current bias is the ABC that doesn't get above 51k. As such, I've taken profit on mid term/long term holdings in this critical zone. If we break up, I'll add them back in with a missed opportunity cost of about 10-12%. Check out the signature below for free trainings on mastering the markets using the NewWave System. *DROP A COMMENT ON WHICH COUNT YOU THINK WILL PLAY OUT*
BITSTAMP:BTCUSDShort
by NewWave_Traders
3
VRA coming up behind ADA and SOL... 100% Gain Potential InboundHey everyone! VRA detaching from the majority of the market with a few others to attempt a new high. I think it can do it, bringing up the rear of ADA and SOL's performances. CAUTION once this target gets high as the weekly will be printing its first bearish divergence, it will be a strong take profit signal at the least where we will then look for hidden bull divergence to print on weekly for some reassurance of consolidation at these lvls and continuation. I've got a 1:1 ext. on the chart as a potential complex correction pivot target. We will likely see some resistance here, so the pullback will signal the entry if we can get a controlled rejection rather than a harsh one. Follow for more updates and insights and if you enjoyed this outlook please hit the like button to support the channel. Checkout the related idea below on ADA going to $10 vs Sub $1. Let me know your bias in the comments below for VRA #VRA #Verasity #vrausdt #vrausd #cryptocurrency #crypto
Long
by NewWave_Traders
1
XRP Ripple Gearing Up For A CorrectionHey Everyone, Schyler here with NewWave Traders. In this chart I'm projecting XRP to experience a correction mid term with continued upside. This dip will be for buying in my opinion. Bearish divergence between the 3rd and 5th wave as well as wave structure supports this bias and some TDI signals on top of that. Let me know your thoughts in the comments below. Are you invested in XRP? Do you just trade it? Would you buy this dip I'm projecting? Look forward to your answers below.
Short
by NewWave_Traders
4
Macro Topping Structure For Ethereum Starting To Unfold hey everyone, A 2nd bearish divergence has printed a strong TP for Ethereum at this current high. In 2 days we get a weekly candle close and if it's a bearish engulfing that will create added pressure for the bulls as bears will be more enticed to bring price lower. In cohesion with the Elliott Wave count on ETH we can see this as a valid 5th wave double top pattern. The question for the correction we just started is this... Is it a wave 2 for continued upside and we can treat this like the start of the 5th to take us to 10-13k OR Are we about to correct this entire structure that the 5th wave is ending, which means consolidation of a 4th wave between 4k and 1,800 or will we sweep the lows towards 1,300 to 1k. I shared a video tutorial on y.t. for eth that walks through the 4hr and daily tf to give justification that this first drop we just had likely needs another leg to it, this is my bias. Bulls will need to make this an abc zigzag and bears will likely want to make it impulsive. For me, this signals is a weekly take profit signal following the NewWave System as weekly tf corrections can be quite drastic. For me, Elliott Wave allows me to see ALL the ways the market can move (some of which I don't show in this chart) so that I can have a plan of action if the market moves against my bias and I can react intelligently and emotionlessly. IF you're interested in seeing the market this way and desire a low-risk systematic way of trading that generates consistency then checkout my signature links below. Let me know in the comments which count you're bias to?
BITSTAMP:ETHUSDShort
by NewWave_Traders
1