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Elliott Wave

SOL - 1D Elliott Wave AnalysisSol seems to have finished blue Wave 4 and started working on blue Wave 5 which would probably mark the bull market top. In case blue Wave 4 isn't finished and we drop lower we need to reconsider the count but we added a potential support area sitting between 173.58 USD and 122.14 USD. Assuming blue Wave 5 started we are looking for a five wave move up now market as white. Next targets for this move up would be the 1.618 FIB at 265.73 USD which we barely missed in November when we made a new ATH. Further targets are the 2 FIB at 300.16 USD, the 2.382 FIB at 334.59 USD and the 2.618 FIB at 355.85 USD. After we get more clarity on the shorter timeframe we can calculate further targets. We wouldn't be surprised if we overshoot the mentioned targets and get some extensions as Solana is quite hyped and plenty memecoins are launched on the Solana network which could lead to a stronger surge in the price of Solana during the end stages of the bull market. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
7
BNB → Big Accumulation. In Step With The DistributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth. The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it. Resistance levels: 761, 793 Support levels: 691, 645 I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
by MarketAnalyzar
BTC → Consolidation Before The Breakout When Do We Go Up?BINANCE:BNBUSDT continues to consolidate, but within a strong bullish structure. The price is approaching the trigger, the breakout of which may provoke the formation of an upward impulse A good signal that hints that the growth is likely to continue is the fact that after a strong growth and testing 100K the price does not fall, but consolidates with gradually rising local lows, it is also worth paying attention to MA-50, which acts as a strong support. Within this consolidation we have clear zones, within which the price is trading and accumulating potential, and there is also a clear trigger, the breakout of which can provoke the continuation of growth (distribution). But next week is the Fed meeting on December 17-18, and there may be short-term market manipulative reactions. Be careful Resistance levels: 101.8K, 104.1K Support levels: 98.9K, 94.15K Technically, the focus is on 101.8 - 98.9. Consolidation is forming inside this channel. I do not exclude a chance of support retest in the format of a false breakdown before further growth. Another deep correction to the lower liquidity zone - 94.1K is also possible. But until the price breaks 101.8, bitcoin will not go up, and based on the chart, the event is close and the chance is high
by MarketAnalyzar
ASX:COH ELLIOTT WAVE ANALYSIS - 8 JAN, 2025 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave (y)-orange of Wave ((2))-navy Details: Looking closer, wave (2)-orange looks like it is developing as a Flat labeled A,B,C-grey, and we still have a push lower with wave C-grey. Then wave (3)-orange will return to head higher. On the other hand, the rapid and strong penetration of the 309.63 high directly suggests that wave (3)-orange in the ALT alternative scenario is probably unfolding. Invalidation point: 17.80 Confirmation point: 19.65
ASX:COH
by ShaneHua
DXY short: Is USD strength coming to an end?In this chart, I plotted the potential Elliott Wave counts. But I need to point out the few things that I don't like about this count first: 1. Wave 1 down seemed too short to be supporting such a huge triple combination correction. 2. Wave 1 end is not the lowest point. The lowest point being end of first X wave (I can't find a way to force a 5-wave counts such that first wave ends on the first X wave simply because W-X is clearly a 3-wave. The best I can do is to have a 5-waves down that ends at first green a but that makes the subsequent corrective structure ugly.) In any case, this is now a low risk short. Stop above recent high. The next potential short is where the upper trendline is.
TVC:DXYShort
by yuchaosng
1
Wave E - Rangebound downtrend. $2-2.10Wave 2 correction has printed a symmetrical triangle, and has conformed quite tightly to it. I had been watching for this pattern from wave B top at $2.73, and wave C confirmed it. Wave d downtrend caught me slightly off guard, and wave d rally came slightly sooner then expected, but ultimately it’s what I have expected. Wave e is likely to stay rangebound, with diminishing volume, and will probably make a fakeout attempts, but probably only small wicks. I am anticipating a final shake out/fakedown/liquidity hunt some time next week to the $2-2.10 range, but it might drop out of the bottom of the triangle if there’s enough liquidity, although I imagine buyers are going to be snapping it up before then, I am thinking next week, but in reality it’s within two weeks, when a bunch of crypto bro’s who have been packing bags for 4 years get into the white house. Wave 3 is liable to be pretty explosive, and wave 4 will be much shorter in duration than this wave 2 has been, as it will alternate and be either a zigzag or a flat correction, but it might be deeper. I’ll be taking profits at $4.50, which is the 1.618 of wave 1, but I’m anticipating it running harder than that before wave 4.
by Indiroots
1
USDCHF Wave Analysis 7 January 2025 - USDCHF reversed from support zone - Likely to rise to support level 0.9130 USDCHF currency pair recently reversed up from the support zone located between the support level 0.9020 (former top of the impulse wave 1 from December) and the 50% Fibonacci correction of the upward impulse from last month. The upward reversal from this support zone continues the active minor impulse wave 3 of the intermediate impulse wave (3) from December. Given the persistent daily uptrend and the bullish US dollar sentiment, USDCHF currency pair can be expected to rise to the next resistance level 0.9130 (which reversed the earlier upward impulse).
Long
by FxProGlobal
US10Y afternoon analysisTechnical analysis for US10Y. Bearish on long-term bonds, this analysis has yields continuing to go up. Displayed count has A wave beginning off 9 March 2020 low, completed 23 October 2023. B wave as completed zigzag to September 17 2024 low. C wave count in wave 3 of 3, with targets of 5.337% and 5.592%. This count shows C wave completing at top of pitchfork (drawn off 9 March 2020 low), but with measured move I would expect the C wave to complete north of 6.496%. Key supports: 4.507% and 4.126% Key resistances: 4.739% and 5.021%
TVC:US10YShort
by discobiscuit
1
Buy in AdobeAfter several corrections in Adobe's price and a punishment from investors after its quarterly report, Zone 1 and Zone 2 buying are interesting under the company's fundamentals. An oversold RSI, price below the moving averages and in areas that could function as support, give us an opportunity for revaluation in the medium term. On the fundamental side, its revenues and EPS continue to rise and with a projection to continue growing, Is there any doubt whether or not this company should be bought?
NASDAQ:ADBELong
by Lex_Investment
GOLD → Price buyback, local bull characterFX:XAUUSD is in a narrow channel, in consolidation, which complicates intraday movement, but nevertheless traders have a chance for possible growth. There is a lot of important news ahead that may give traders a chance. Despite the strong intraday movement in gold, we can say that the price is standing still in the range of 2600 - 2660. Quite a difficult place for the price due to the huge density of volumes, levels, tails... Traders are refraining from new directional bets ahead of the release of crucial data on ISM Services PMI and JOLTS job openings in the US. After a strong fall the price was bought back and returned to resistance 2648 - 2650, most likely further struggle will be for this area. The falling dollar broke the support line, thus giving an advantage to gold. Gold and the dollar are already starting to feel Trump's power and are reacting to his statements as quickly as they did during the last period of his presidency.... Resistance levels: 2649, 2664, 2674 Support levels: 2632, 2610 Until the price leaves the channel 2600 - 2665, most of the movements will not be very clean (nature of price movement inside consolidation). At the moment the emphasis is on 2649. If the bulls will keep the defense above this zone, then in the short term the price may show growth to the local maximum Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
Weekend special - Will 2023 be a better year?As everyone is enjoying the weekend, I want to give you guys on here a special treat! We cover Palantir for over a year now, and the stock has been trading downwards ever since. Because of the whole bear market last year, which hit technology stocks especially hard, bullish signals couldn’t be observed in this stock. However, since the new year Palantir could steadily build up momentum and managed to gain almost +23% since the significant low @5.92$. We estimate that the whole bearish count has finally come to an end, and it is very likely that 2023 is going to be a lot better for Palantir than 2022! From a technical perspective we can clearly say, that Palantir finished three bearish waves, which are marked in orange (iv), red 4 and in purple (4). The last wave down formed a very common chart structure, which is known as the “ending diagonal”. In such chart structures, a wave 3 is mostly very short and wave 1 seems to be very big in comparison to the other waves. The price action in Palantir really depends on how the Nasdaq will perform in the following weeks, currently the whole market seems to recover, and we are confident that Palantir will profit from this. Investors who are interested in this company and who don’t already hold stocks can use this opportunity to accumulate in our marked zone. (9.63$  - 5.13$) We currently cover a microcount which can be seen below, as many investors who are familiar with Elliot waves know – micro counting is very speculative. We are going to monitor Palantir very closely in the next weeks and if investors on here are interested in this company we could post updates about it more frequently. In our microcount we are currently in wave (v) in green. The wave (v) should push the price into the orange Fibonacci zone ranging from $7.24-$7.70, overshooting is possible. After this the price should go into a small wave 2 correction, we will calculate a new buy zone for wave 2.   Please note that we are already invested in Palantir with 2 positions, which we announced last year. If Palantir manages to establish a minor bullish wave 1 – wave 2 we will decide to acquire another position…   Long #1 (Announced 21.03.2022) AVERAGE EXECUTION PRICE: 12.53$ STOP-LOSS: NONE LONGTERM TARGET: +80$ Long  #2 (Announced 09.05.2022) AVERAGE EXECUTION PRICE: 7.59$ STOP-LOSS: NONE LONGTERM TARGET: +80$  
PLong
by Mendenmein-Capital
19