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Elliott Wave

INJ's Incoming movement!BINANCE:INJUSDT ✅ The INJ currency has managed to break the top of its trading range on the four-hour timeframe after breaking the short-term downtrend line 👌 ✅ Currently, with a pullback to the range of 23.8 to 24.5 (by observing the entry trigger), you can enter for the following targets: 28.5, 30.80, 35.24 ✅ The structure of the INJ currency is currently bullish and is at the beginning of its 3rd bullish wave 👌 ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. 👉 Follow me for daily updates, 💬 Comment and like to share your thoughts, 📌 And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! 💹✨
Long
by Cryptonic_Trading
GOAT/USDT Elliott Wave Analysis Short-Term The chart highlights a descending channel pattern integrated with Elliott Wave analysis, indicating possible short-term price movements. Currently, the price is navigating through Wave 4 and nearing a key resistance zone. Key Observations The price action reflects an Elliott Wave corrective structure within a descending channel. The ongoing Wave 4 suggests an upward move towards $0.69, a significant resistance level. After testing this resistance, the price could retrace to $0.32, completing Wave 5. Strategic Implications Watch for potential rejection or breakout signals around the $0.69 resistance zone for short-term opportunities. The projected dip to $0.32 could be a better area to re-enter for short-term trades. Focus on confirmation of Wave 5 completion to reassess the trend and strategy. Short-term traders should remain cautious and agile as the pattern unfolds.
by wsaetos
GOLD ELLIOTT WAVE ANALYSIS: 07 JAN, 2025©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Wave (ii)-orange may have finished and wave (iii)-orange is pushing lower, aiming for the nearest target around 2,608.4. While price must remain below 2,681.0 to maintain this view. On the other hand, the alternative scenario ALT (less likely), suggests that wave ((b))-navy in another development has completed, and wave ((c))-navy will move higher. A push above 2,681.0 would indicate this.
COMEX:GC1!Short
by ShaneHua
XRP → Consolidation before the breakout and rally ↑BINANCE:XRPUSDT has been in consolidation for a little over a month after a strong rally and this is a good sign indicating that there is still strength in the market. And as we know, consolidation at some point turns into distribution The symmetrical triangle in our case has the character of a consolidation pattern, the purpose of which is the continuation of the trend. Buyers are aggressively defending the support zone, forming a cascade of levels. But more remarkable concerning the pattern is the consolidation 2.5 - 2.337, which is formed near the triangle resistance. Consequently, we can assume that the market is accumulating strength to break the resistance. Fundamentally, the project has very good prospects after a long and protracted winter. Trump's victory and the changes provoked by him have a favorable impact on Ripple. Resistance levels: 2.5, 2.73, 3.05 Support levels: 2.337, 2.2, 2.00 Accordingly, the realization phase will start after breaking the resistance of 2.5. Thus, we can assume that the exit from the accumulation will be upward, which can also be helped by a bullish and growing bitcoin. Regards R. Linda!
Long
by RLinda
2
BITCOIN → Consolidating before an important eventBINANCE:BTCUSD is consolidating between 99.5K and 91.8K as traders await action from politicians and Trump's inauguration as the main driver behind the rally. Fundamentally, things are still good. Trump promised a lot of positive actions towards bitcoin and the cryptocurrency market in general, but at the moment the main issue is the inclusion of bitcoin on the balance of the federal reserve. But everything depends more on the realization of the promises, if the community does not get what they were promised, a correction may be triggered. Technically bitcoin looks very strong. After a strong rally, there is no hint of a possible fall or deep correction, which means that someone is keeping the price in the specified range. Until important events, the price can still stand still, in the range between 100K and 90K. As for altcoins, they are getting a chance as bitcoin dominance continues to decline after the trendline break. A capital move could spark a rally in strong altcoins in the near term. Resistance levels: 99.5K, 102.5K, 103.5K Support levels: 95K, 91.7K Since the price is in neutral and trading between strong levels, I prioritize a false breakdown of resistance and correction inside the channel. Then further reaction may give hints. If there will be no fall and the price starts to consolidate in the resistance area, then we will have a chance to rise to 102-103K Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
22
DXY ELLIOTT WAVE ANALYSIS: 07 JAN, 2024 - BEARISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-Master. Wave B-grey has just completed a corrective wave labeled ((a))((b))((c))-navy and wave ((c))-navy has completed a full five-waves in a Zigzag (5-3-5) pattern, so wave C-grey could be back to push lower. But it is too early to conclude such a major bearish trend. On the other hand, the shorter-term outlook suggests we may head down to the 105.420 area, while price must remain below 109.533 to maintain this view.
TVC:DXYShort
by ShaneHua
1
Bitcoin - A quarter of a million dollars - is it possible?Good Morning, Good Evening! A new year brings new candles, new opportunities and new challenges. I decided to write down my new thoughts and, where appropriate, reflect on my previous analyses. Naturally, my primary focus is on the asset that leads the cryptocurrency market – Bitcoin. I must mention that I am not someone with formal education in this field. I am self-taught, placing a strong emphasis on using Technical Analysis as the main component of my decision-making process. This stems from my belief that although the chart is difficult to read, it largely allows for the interpretation of the hidden intentions of "smart money." I want to stress that the following words reflect only my personal point of view, which may not be correct, and that this publication is by no means investment or educational advice as understood by any law regulating such matters. I simply intend to ramble about topics I don’t fully understand. Background Since its inception, Bitcoin has been in a continuous long-term upward trend. Throughout this time, there have been four minor reaccumulation structures and four major ones, occurring chronologically. Each structure has taken progressively longer to form, and the upward trend has been gradually flattening over time. Technical Analysis and Thoughts In this analysis, I will apply tools from volume analysis, Wyckoff methodology, Volume Spread Analysis (VSA), and Elliott Wave Theory. At the beginning, I will refer to an analysis I published about a year and a half ago on this platform: "Comparative Analysis of BTC," 24.09.2023 (links attached). Looking back at my previous analysis, I see that my reasoning and chosen tools were correct. As is often the case in attempts to master the market using Technical Analysis, the price action deviated from the expected scenario. However, the primary trend remained intact. I missed certain key structures, such as the Spring, which I would interpret differently today. But I will get to that later. The key resistance levels, derived from price structure and Fibonacci extensions, appear to have been recognized by the market. The price stalled just below the resistance level at 2.618, an extension based on the Spring-Buying Exhaustion range from 2015 and 2017/2018 reaccumulation phases. Similarly, the external measurement of 1.618, calculated from the 2017/2018 Spring to the 2021 Upthrust, was respected by market participants. Both levels align perfectly with significant price points. I mentioned that today I would approach the topic differently. This is due to the revealed market structure (it's always easier to analyze when you can see everything, right? 😉) as well as the experience I've gained by continuously expanding my analytical horizon. Looking at the latest high-order reaccumulation structure (December 2021 – March 2024), I realize I made an error in my interpretation. The overall price action indicates a lack of supply around the $16K level. Interestingly, BTC/USDT on Binance shows significant accumulation, which I deduce from Bag Holding candles. The core point of my argument is that I have witnessed the formation of a large accumulation structure, whose elements align with the Wyckoff methodology. The market behaved as expected based on this interpretation. One particularly important element is the Last Point of Supply (LPS), represented by the March 2024 – November 2024 reaccumulation phase. I discussed this process in detail in my September 6, 2024 publication titled "Bitcoin – Technical Analysis." The ~250-day trading range, during which the price was stuck, allowed Smart Money to accumulate assets from those willing to sell. Despite the temporary stagnation, which I currently observe, the upward trend will likely continue. The strength of this trend is confirmed by the use of volume-weighted average price (VWAP) anchored to the Test of Phase C, according to Wyckoff's methodology. When analyzing the three most recent tests in the three highest-order reaccumulation structures, I observe that the price moves within a channel defined by the second and third standard deviations. I think that the current sideways structure is a Back Up to the Creek from the latest high-order reaccumulation phase. Its characteristics resemble a reaccumulation phase. At this stage, I am unsure whether this structure will directly lead to a breakout to significantly higher price levels, or whether it will result in an Upthrust of a higher-order structure, followed by another Spring. The structure shows declining volume and several Bag Holding candles, marked with green arrows on my chart. The Upthrust does not exhibit distribution characteristics but instead suggests a lack of demand. The candle marked with a question mark is interesting due to its dual nature. However, upon closer examination of the 4-hour interval, it appears to be an Upthrust of a lower-tier structure, aimed at absorbing supply. I want to highlight the relationship between the Test of Phase C and the structure forming along previous peaks. Considering the two most recent reaccumulation phases, the situation is as follows: I do not take into account overly optimistic price movements that exceed the 8.0 external retracement level, due to the flattening of the global trend over time. Instead, I consider more realistic targets based on Fibonacci levels, such as 3.618 and 2.618 extensions, indicating a price range between $170K and $230K. In my September 24, 2023 analysis, I mentioned $240K as a 3.618 external retracement level measured from March 2020 to October 2021. Using 1:1 geometry, I estimate that the price could reach around $250K, which aligns with my other methods. Conclusion of the Analysis I have presented various methods to identify the direction and potential range of Bitcoin's price movement. Although it is difficult to pinpoint the exact peak of the trend, the analysis provides sufficient signals to expect supply levels within the indicated price ranges. Confirmation of a trend reversal would require a high-order distribution structure visible on higher time frames. Final Thoughts I have intentionally referred to my previous analyses to maintain continuity and to highlight both successes and mistakes. The purpose of this reflection is to improve my analytical process by identifying what I did well and where I need to focus more in future analyses. I believe that Technical Analysis, practiced for over a century, holds a certain beauty and logic. The process of applying it, and reaping its rewards, is an intellectual delight. Ultimately, the weakest link is not the tool, but the person using it. Therefore, continuous improvement and patience are essential. The chart is the only reliable source that reveals the intentions of Smart Money or Composite Man, depending on the interpretation of market personality. Thank you to everyone who has taken the time to read my thoughts. I hope you found them insightful, and that your time was well spent. Wishing you health, perseverance, and successful trades. May you master the art of recognizing well-formed market structures. CatTheTrader
INDEX:BTCUSDLong
by CatTheTrader
Block (SQ): Preparing for a Breakout Year in 2025NYSE:SQ is shaping up to either become one of the top picks for 2025 or face a potentially challenging year ahead. From the monthly chart, NYSE:SQ has mostly traded between $100–$35 since its IPO in 2015. While the $35 level seems unlikely to be revisited anytime soon, the current focus is on reclaiming the Value Area High (VAH) at $100. Success here could trigger strong percentage gains over the next few months. We’re adopting a cautious approach, closely monitoring the chart. On the lower time frame, NYSE:SQ is sitting in a key support/resistance zone (highlighted as a yellow box). Ideally, we want to see a break above the Value Area Low (VAL) and the completion of a smaller 5-wave cycle, marking the end of wave (i). A bearish divergence on the RSI at this stage would add confluence. Following this, a pullback could provide the perfect entry point for a long position. At this time, we haven’t placed a limit order. A break below $55 would be a critical red flag, suggesting potential bearish developments, though this scenario seems unlikely without unexpected negative news.
NYSE:XYZLong
by freeguy_by_wmc
Coca-Cola (KO): Is Risk-to-Reward Favorable Now?We have been filled on our second entry on $KO. Coca-Cola is now back trading within its range, and with the first bullish divergence on the RSI appearing, we believe that despite the current weak chart structure, the risk-to-reward ratio and dividend yield make this a worthwhile opportunity. As a traditionally slow-moving stock, Coca-Cola could gain some momentum if market focus shifts back from risk-on assets to safer, dividend-yielding stocks like $KO. This transition could provide the stock with room to grow. Key to the next move will be reclaiming the resistance at $65.14. As long as $59 holds as support, we remain optimistic. With our stop loss in place, this trade remains secure, and we are well-positioned for any developments. We are also working on improving how past analyzed assets are displayed for easier tracking. 🫡
NYSE:KOLong
by freeguy_by_wmc
Google Wave Analysis 6 January 2025 - Google broke daily Triangle - Likely to rise to resistance level 200.00 Google under the bearish pressure after the earlier breakout of the resistance trendline of the daily Triangle from the start of December. The bottom of this Triangle stands close to the support level 182.60 (former strong resistance from November). The breakout of this Triangle accelerated the active minor impulse wave 3 of the higher order sharp impulse sequence (C) from September. Given the predominant daily uptrend, Google can be expected to rise to the next round resistance level 200.00 (target price for the completion of the active impulse wave 3).
NASDAQ:GOOGLLong
by FxProGlobal