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Elliott Wave

Ripple (XRP) - ATH Break-Out - 5th WaveMARKETSCOM:RIPPLE ( CRYPTOCAP:XRP ) spiked in Q4 of '24, as per my predictions and tracking. I managed to ride the #Bullish #Wave, but only half way. Even though knew it was gonna' create a new #ATH, I got paper hands and cashed in at the 1.5 USD Mark. That's because I was expecting back then a bigger #Correction, which was short-lived. I was left holding the bag... anyway I'm OK with it, CRYPTOCAP:BTC & CRYPTOCAP:SOL did well. BITSTAMP:XRPUSD at #ATH, What's Next? A last push in the 5th of 5th Wave, to finalize the #Impulse. This is because MARKETSCOM:BITCOIN is also #Bullish. BINANCE:XRPUSDT - #TechnicalAnalysis - #ElliottWave #Impulse in Intermediate (C) (white) - 5th Wave Completion - #ATH #Break-Out - Nov '17 / Jan '18 Fractal My MARKETSCOM:RIPPLE #Long Levels - Entry @ 3 USD - SL @ 2.3 USD - TP @ 5 USD (it can go higher) What About After This? Honestly, I am not keen on CRYPTOCAP:XRP that much, even though the Media Sentiment is off the hook. Why? Because it simply does not have a #Bullish / #Impulsive Structure. It's full of #Corrective features, which makes it a Larger Degree B Wave. Conclusion: A considerable #Retracement right after, similar to the one in '18. This could be because Bitcoin Dominance ( CRYPTOCAP:BTC.D ) would correct, while #Altcoins Market Cap ( CRYPTOCAP:TOTAL3 ) will also spike above its #ATH.
BITFINEX:XRPUSDLong
by EW4X
Light Crude Oil Futures (CL1!): Setting New LimitsWe’ve been patiently waiting for an entry at $58, but the market hasn’t reached our level. After reassessing the chart, we believe it’s now more profitable to play CL1! as a long following what appears to have been a fake breakout. Recent developments, including Trump’s declaration of a national energy emergency to “unlock the liquid gold under our feet” and prioritize U.S. oil and gas development, could bolster bullish sentiment in the energy sector. If our wave count is correct, we are currently in intra wave 2 of wave ((iii)). If this setup holds, a target of at least $115 seems achievable. We are placing our limit order and will patiently wait to get filled. Key Levels at the moment: Support Zone: $67.70–$64.40 Resistance Zone: $85–$88
NYMEX:CL1!Long
by freeguy_by_wmc
EURUSD Roadmap==>>Short-term!!!EURUSD ( FX:EURUSD ) is moving near the Support zone($1.039-$1.033) and inside the Ascending Channel . According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing the main wave 3 above the ascending channel and is currently completing the main wave 4 . I expect EURUSD to attack the Resistance zone($1.052-$1.044) again soon, and the main wave 5 could end in this zone. What do you think? Will EURUSD break the support zone or bounce back to test the resistance zone? Note: If EURUSD can break the Support zone($1.039-$1.033), the lower line of the ascending channel, and 100_SMA(4-hour) , we should expect a further decline of this pair. Note: Donald Trump's speech and the announcement of the Unemployment Claims index can affect the EURUSD trend(Tomorrow). Please respect each other's ideas and express them politely if you agree or disagree. Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
3
VeThor’s(VTHO)+450% Boom: Fundamentals & Technical Insights!🎂 Today marks the beginning of a new chapter in my life! My biggest wish for this year is to grow stronger together with all of you—my amazing followers. I hope to provide even better insights, share more valuable trading strategies, and help us achieve both profits and health and happiness. 🎂 -------------------------------------------- In the last 24 hours, the VeThor Token ( BINANCE:VTHOUSDT ) project has managed to increase by more than +450% . Let's take a look at the reasons for the VeThor Token(VTHO) increase : The fundamental reason behind the recent surge in VeThor Token (VTHO) could be attributed to increased network usage and adoption of the VeChain blockchain : Higher Network Activity : The VeChain( BINANCE:VETUSDT ) ecosystem has seen growing adoption in industries like supply chain, logistics, and sustainability, leading to increased demand for VTHO to pay transaction fees. New Partnerships and Integrations : Announcements of new collaborations and partnerships involving VeChain have boosted investor confidence, indirectly driving demand for VTHO. Technical Upgrades : Improvements in the scalability and efficiency of the VeChain network have made it more appealing for developers and businesses, increasing VTHO's utility. Speculation and Market Sentiment : Positive sentiment and speculation about VeChain's future potential have likely influenced short-term trading volume and price spikes for VTHO. -------------------------------------------- Let's take a look at the Technical Analysis of the VTHO token : During the last 24 hours, VTHO seems to have managed to break the Heavy Resistance zone($0.0070-$0.0037) . One of the signs of a valid failure is that it is broken with a large volume of this zone . Regarding Elliott wave theory , it seems that VTHO has successfully completed the main wave 3 above the Heavy Resistance zone($0.0070-$0.0037) and is currently completing corrective waves . Probably, the structure of corrective waves is Zigzag type(A-B-C/5-3-5) . I expect VTHO to start increasing again after the -30% decrease from Potential Reversal Zone(PRZ) and at least increase(+40%) to the Resistance line, and if the Resistance line is broken , we can confirm the end of the main wave 4 and wait for further increase of VTHO . Note: If VTHO goes below the Potential Reversal Zone(PRZ) , we can expect further price reduction of this token. Please respect each other's ideas and express them politely if you agree or disagree. VeThor Token Analyze (VTHOUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
21
GBPJPY → The CBJ has raised rates. What's in store for the pair?FX:GBPJPY experienced an attempt to break through resistance and rise, but failed to realize the intention as traders do not believe in bullish movement due to the actions of the Central Bank of Japan The Central Bank of Japan raised the rate by 0.25% to the highest since 2008. The bank sees accelerating inflation, a slowing economy and is likely to raise the rate further if inflation continues to rise. Fundamentally, the situation may trigger a fall in the currency pair, but it may be restrained due to the Pound's strength against the Dollar. Nevertheless, I assess the situation regarding a false break of resistance from the technical part, and from the fundamental part from the Japanese action, as they are targeting the medium term. Resistance levels: 193.00 Support levels: 192.00, 190.55 Another attempt to retest resistance before a further drop is possible. Traders are starting to build up longs on the Yen, which may lead to a bearish correction of the currency pair. Regards R. Linda!
Short
by RLinda
16
Bitcoin - Very bullish, Ethereum will +50% in a week!Bitcoin is currently very bullish, as the price broke the 60-day long range. Bitcoin hit an all-time high yesterday, which confirms the breakout of the range. We can expect 122k to be hit in the near future, but let's take a look at Ethereum, because this is a very good indicator, not only for bitcoin but for altcoins in general. Ethereum is forming a huge inverse head-and-shoulders pattern. Don't be surprised if ETH starts pumping like crazy; this is probably your last chance to buy it cheap! You can wake up in the morning and see a huge green dildo on the ETHUSDT chart, so you really don't want to miss it. Personally, I would prefer ETH over BTC in the next few days or weeks. Back to Bitcoin. What we can see on the chart is my Elliott wave count. We are in the final wave (5) of a major impulse wave. It's time to set up your sell orders and prepare for a significant bear market in 2025/2026. I recommend selling Bitcoin around 120k, while moonboys expect 300k or 500k. I stay grounded, I don't think Bitcoin will go exponentially. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
198
GLD UpdateGold seems to be intent on continuing to rise. This make me wonder if the ALT is correct. For those that don't remember, the ALT suggested that wave 4 was already over and was shallow. In order for wave 4 to have alternation with 2 though, it should be deep. We will just have to wait and see, but to me this thing has two possibilities for the ensuing pattern. The first (white count) is that this raise from the $234 bottom has been a deep b wave. If this is the case, it should be turning around very soon and heading lower again. The second (turquoise count) suggests that wave 4 is already over and wave 5 has begun. The turquoise labels are tracking the possible impulsive pattern. Time will tell but GLD moves slowly most of the time so be patient.
AMEX:GLD
by TSuth
55R Trade SilverExpecting a move up to $50-60 most likely this year. Seasonal bearishness start around Oct-Nov time for precious metals so it would make sense for that to kick in around there and as I’m expecting the next move up to be the strongest since the Covid recovery move for various reasons including fundamentals and technicals - notably Platinum gearing up for wave 3 and the miners on the cusp of major multi-year trendline break outs - then a swift move up makes a lot of sense.
VELOCITY:SILVERLong
by TipsOfPips
WTI crude oil Wave Analysis 23 January 2025 - WTI crude oil reversed from resistance level 78.00 - Likely to fall to support level 72.60 WTI crude oil recently reversed down from the major resistance level 78.00 (has been repeatedly reversing the price from July, as can be seen from the daily WTI chart below) The downward reversal from the resistance level 78.00 started the active intermediate impulse wave (3). WTI crude oil can be expected to fall toward the next support level 72.60 (low of the previous short-term correction iv from the start of this month).
FX_IDC:USDWTIShort
by FxProGlobal
AUDCAD Wave Analysis 23 January 2025 - AUDCAD broke round resistance level 0.9000 - Likely to rise to resistance level 0.9080 AUDCAD currency pair recently broke the round resistance level 0.9000 (which stopped the previous wave 4 at the start of January) The breakout of the resistance level 0.9000 coincided with the breakout of the 50% Fibonacci correction of the previous downward impulse from December and the daily down channel from September – which accelerated the active impulse wave 1. AUDCAD currency pair can be expected to rise toward the next resistance level 0.9080 (top of wave b from the middle of December).
Long
by FxProGlobal
RUNE/USD Elliott Wave Analysis: Bullish Wave 3 Elliott Wave Analysis: Bullish Wave 3 Confirmation The updated chart suggests that Wave 2 of the Elliott Wave cycle is nearing its completion, and we are positioned for the beginning of Wave 3, the most impulsive wave. Wave 2 Levels and Structure Price Levels: The correction of Wave 2 has retraced briefly but is finding support at the 50% Fibonacci retracement level around $3.01. The 78.6% retracement level at $1.40 remains a critical invalidation level for this wave count. Volume: A declining volume during the correction supports the idea of a consolidation phase, typical before the next impulsive wave. Support Zone: Primary support levels are: $3.01 (50% retracement): Key psychological and Fibonacci support. $2.20 (61.8% retracement): Structural support level. $1.40 (78.6% retracement): Ultimate invalidation for this bullish count. Wave 3 Projection Using Fibonacci extensions of Wave 1 for projecting Wave 3: 1.618 Extension (Primary Target): $12.88 – Typical target for Wave 3. 2.0 Extension (Extended Target): $15.40 – Strong wave momentum scenario. 2.618 Extension (Highly Optimistic): $30.17 – Maximum potential target for a parabolic move. Momentum Indicators MACD: The MACD on higher timeframes (weekly) is attempting to flatten, signaling that bearish momentum is decreasing. A bullish crossover will confirm Wave 3 initiation. RSI: The RSI is currently stabilizing near 40-50, a typical zone where corrections end and new impulses start. Watch for RSI to cross above 50 as a confirmation of strengthening bullish momentum. Trade Strategy Entry Strategy: Accumulate positions near $2.20-$3.01 (61.8%-50% retracement levels). Confirmation entry on a breakout above $3.50, which aligns with Wave 1's high. Stop-Loss: Conservative: Below $2.00 (below 61.8% retracement for minimal risk). Aggressive: Below $1.40 (78.6% retracement, Wave 2 invalidation). Targets: Take Profit 1: $12.88 (1.618 extension). Take Profit 2: $15.40 (2.0 extension). Take Profit 3: $30.17 (2.618 extension). Risk-to-Reward: With an entry near $2.50 and a target of $12.88, the trade offers a R:R ratio of ~4:1. Confirmation Signals Break of the $3.50 resistance will strongly confirm Wave 3 initiation. Increasing volume and MACD bullish crossover are essential for validating the impulsive move. RSI moving above 50 will confirm upward momentum. Conclusion The updated price levels and Fibonacci projections align well with the start of Wave 3. The $2.20-$3.01 range presents an excellent accumulation zone, while the first major resistance at $3.50 must break to confirm the bullish wave count. Maintain tight risk management, and monitor volume and momentum indicators for entry confirmation.
BINANCE:RUNEUSDLong
by WaveFibs
Gold Spot Price Action and SMC Analysis: Potential Buy SetupOANDA:XAUUSD Gold Spot Price Action and SMC Analysis: Potential Buy Setup Chart Analysis: The chart shows the Gold Spot price against the U.S. Dollar (XAU/USD) on a 4-hour timeframe, published on TradingView. The chart is annotated with various technical analysis tools and indicators, including trend lines, Fibonacci retracement levels, volume profile, and moving averages. Price Action Analysis: The price is currently in an uptrend, as indicated by higher highs and higher lows. A significant bullish breakout (BOS - Break of Structure) is observed above the previous resistance level around 2700. The price is trading above the 50-period moving average, which is acting as dynamic support. Smart Money Concepts (SMC): The chart shows a clear accumulation phase followed by a markup phase, indicating strong buying interest. The price has broken above the key resistance level (BOS) and is now retesting this level, which could act as support. The volume profile shows a high volume node around 2647.986, suggesting strong support at this level. ICT Elliott Wave Analysis: The chart displays an Elliott Wave pattern with labeled waves 0-1-2-3. The current price action suggests the completion of wave 3, with a potential retracement to wave 4. Fibonacci retracement levels are drawn from the low of wave 2 to the high of wave 3, with key levels at 0.382 (2703.61456), 0.5 (2697.075), 0.618 (2690.53544), 0.705 (2685.7139), and 0.786 (2681.22488). Buy Strategy: Entry: Buy at the retest of the breakout level around 2700. Take Profit 1 (TP1): 2721.420 (21.42 pips) Take Profit 2 (TP2): 2726.295 (26.295 pips) Stop Loss (SL): 2685.7139 (14.2861 pips) VIP Signal: Entry: 2700 TP1: 2721.420 (21.42 pips) TP2: 2726.295 (26.295 pips) SL: 2685.7139 (14.2861 pips) This analysis integrates various strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory, to provide detailed buy strategies. The key levels identified offer optimal entry and exit points, ensuring a balanced risk-reward ratio for traders.
OANDA:XAUUSD
by Alexgoldhunter
1
XAU/USD Elliott Wave Analysis: Eye on the Powerful Wave 3OANDA:XAUUSD XAU/USD: Elliott Wave Analysis: Eye on the Powerful Wave 3 Capitalizing on Wave 3 Elliott Wave Analysis Upon inspecting the Gold Spot (XAU/USD) chart: Wave Count: It appears that the market is currently in the middle of an impulse wave. We are likely in wave three (the most powerful and extended wave), which is typically the most lucrative wave for trading. Current Structure: The market previously completed waves 1 and 2. Wave 3 is in progress, potentially subdividing into smaller impulsive waves. Fibonacci Levels: For wave 3, the Fibonacci extension levels 1.618 and 2.618 are critical for take-profit targets. For wave 4, a retracement back to Fibonacci levels 0.382 or 0.5 is probable. Wave 5 should also consider the 0.618 extension for future movement. Buy Strategy Entry: After the completion of wave 4 retracement (around Fibonacci levels 0.382 or 0.5). Take Profit 1 (TP1): Fibonacci extension level 1.618. Take Profit 2 (TP2): Fibonacci extension level 2.618. Stop Loss (SL): Below the start of the current impulse wave (wave 4). Sell Strategy Entry: After the completion of wave 5, when a new corrective wave is expected to start. Take Profit 1 (TP1): Fibonacci retracement level 0.382. Take Profit 2 (TP2): Fibonacci retracement level 0.5. Stop Loss (SL): Above the recent high. VIP Signal Buy Signal: Entry: 2740 TP1: 2784 (440 pips) TP2: 2835 (950 pips) SL: 2720 (200 pips) Sell Signal: Entry: 2840 TP1: 2800 (400 pips) TP2: 2750 (900 pips) SL: 2860 (200 pips) This analysis incorporates Elliott Wave principles, Fibonacci levels, and key indicators displayed on the chart to provide a comprehensive trading strategy. Happy trading! Follow @AlexGoldhunter for Latest Ideas and Minds
OANDA:XAUUSDLong
by Alexgoldhunter
GOLD → The bulls are fighting for 2750. ATH is close!FX:XAUUSD is in a bull run phase due to rising risks. The price is testing new highs and trying to consolidate above key resistance. Trump's speech is ahead and high volatility should be expected. Gold price is consolidating in the bullish zone after breaking through the three-top resistance. Traders are analyzing the impact of President Trump's tariff policies, which have caused uncertainty in the markets and weakened demand for the dollar and bonds. Meanwhile, support for gold prices is provided by optimism from China's measures to stimulate stock markets. Investors' attention is focused on US economic data, including weekly jobless claims and Friday's PMI from S&P Global, which could affect expectations for a Fed rate cut. Weak statistics will reinforce forecasts of two rate cuts this year, which supports interest in gold. Technically, the focus is on 2750. If bulls hold their defenses above this zone, gold could head towards ATH. Resistance levels: 2750, 2762 Support levels: 0.5 fibo, 2732 Bullish trend, high risks, politics. Lots of reasons that support the metal. But, today is Trump's speech, and this man knows how to make noise in the market. High volatility is possible. But, in general, gold looks as if it is ready to go up, perhaps it can even renew ATH Regards R. Linda!
FX:XAUUSDLong
by RLinda
10