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Elliott Wave

LTC breakout, buying opportunity potentialLittle more than a few days ago I posted a very similar breakout for XRP. The market answered and we sore some parabolic upward lunges. LTC has been slow to react to the overall bullish sentiment within the market. But as before, I've been monitoring it closely and awaiting a potential buy signal. Today, it looks as though there is an event, MACD and volume breakout to give us a very strong buying signal. I just wonder if we'll see the types of lunges we saw with XRP and whether this overall trend line breakout and orgasmic upward lunge that we saw with XRP will be typical with other coins. Perhaps LTC is next? I'm on the train, let's put it that way. Follow for more.
BITFINEX:LTCUSDLong
by cryptechcapital
1
Solana - 15 min Elliott Wave AnalysisGreetings, this is my first idea of a micro count for the current breakout of Solana. Be aware it is still early on and the move up might still extend or morph so enjoy with caution. I assume that the move up is the 1st Wave of an impulsive move up in a bigger Wave 5. Currently the Wave 2 support is between the 0.382 FIB at 229.11 USD and the 0.786 FIB at 217.99 USD. The Wave 2 Support area will move higher if we get an extension of the blue Wave 1. Noteworthy is that we could retest the trendline of the triangle at around 219 USD. We preferably don't substantially break below 215 USD. We hit our first price target at 234.95 USD. Next potential price targets are: -> 245 USD (+technical price target of the triangle) -> 265.9 USD - 268.9 USD Next thing we are looking for is a corrective move as an ABC. Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
Solana - 4H Elliott Wave AnalysisGreetings, my primary case is that we are in an Elliott Wave Triangle which would finish white Wave 4 and start white Wave 5 which I discuss more detailed in my last analysis. This here is my secondary or back-up scenario. If we break down from the triangle I assume we get a deeper Wave 4. The support is between the 0.236 FIB at 200.34 USD and the 0.5 FIB at 172.52 USD. The optimal Wave 4 target is usually the 0.382 FIB at 184.95 USD here. An alternative Scenario is that the white (1,2,3,4,5) move up is already finished and this is just the Wave 1 of a bigger impulsive move up. In this case we would look for a Wave 2 pull back. The support of Wave 2 is between the 0.382 FIB at 198.45 and the 0.786 FIB at 170.14. As we see the support area of Wave 4 and the alternative Wave 2 overlap. Noteworthy is that Wave 2's 0.382 FIB at 198.45 USD is close to the Wave 4's 0.236 FIB at 200.34 USD which additionally are right below previous lows which gives them also structural support. If this leads to a bounce we will have to watch if we get a 5 wave move up which would imply that white Wave 4 is finished or only 3 waves up which could mean that we're getting a bigger correction. The golden pocket of Wave 2 is at 181.91 USD to 178.97 USD which is right below the optimal target of Wave 4 at the 0.382 FIB at 184.95 USD which could be a good area of support. If the price drops below 160 in either case we'll have to assume that something more bearish is going on. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
ETHEREUM - 1H Elliott Wave AnalysisGreetings, this is my primary ETH scenario. We consider that blue Wave 4 has been finished with a WXY correction and we are starting a move up in blue Wave 5 now. The first targets for the move up are the 1.236 FIB at 3551 USD, the 1.38 FIB at 3632 USD and the 1.618 FIB at 3716 USD relative to the current blue Wave 4. If we measure the targets for blue Wave 5 using blue Wave 1 we get the 1 to 1 extension at 3681 USD which is close to the previously mentioned target at 3716 USD. Further extensions for blue Wave 5 would be the 1.236 FIB at 3841 USD, the 1.38 FIB at 3939 USD and the 1.618 FIB at 4100 USD. Noteworthy is that the 1.618 FIB extension at 4100 USD is right above the previous ATH at 4098 USD. Be aware that we could get a deeper blue Wave 4 if the WXY correction was only Wave A of a bigger ABC correction marked in orange here. A break below 2800 USD would indicate a reset of Wave 4 of a bigger Wave degree and could lead to a retest of the Trendline at the bottom. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
Slow downmove for EUHi traders, Last week EU did exactly what I've said in my outlook. This pair made a small correction up into the FVG above and dropped for the rest of the week. If you've followed my analysis, you could have made a lot of money. Now for next week we could see a slow move down lower to take out the liquidity below. After that it can go up again. Let's see what the market does and react. Trade idea: Price is too low to trade. Wait for a bigger correction up or a reversal. If you want to see more from my analysis, please make sure to follow me, give a like and respectful comment. This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals. Don't be emotional, just trade! Eduwave
Short
by EduwaveTrading
NIFTY50.....Not done to the downside!Hello Traders, the NIFTY50 has plunged to 23484 at the low, and 23532 on a closing basis! Thursday's candle, which was bearish, closed at 23509. Friday's open was at 23542. If Monday's candle will opens with a gap to the upside, the stage will be set for a "Morning star", a bullish Candlestick formation. We will wait for Monday and see how the candlestick turn out ! While Wednesday's candle exactly declined to the lower boundary of the rectangle, Thursday Market drop below and declined clearly. The next day, the market has not the strength to return to the lower boundary for a test! This behavior is bearish to interpret! The bears need to know, that a weakening open on Monday should open the door to a more or less "sell-off" with a first target at or around 23342 range (area marked with the blue trendline)! From a classic view to interpret, there is no buy signal for advance! Price dropped off the Bollinger bands and failed to jump back into it. The "MACD" and the "Slow stochastic" even too! The EW count remains unchanged, and we wait for clear signals to one or the other direction. Have great weekend..... Ruebennase Please ask or comment as appropriate. Trading on this analysis is at your own risk.
NSE:NIFTY
by ruebennase
Alikze »» STX | Ascending channel🔍 Technical analysis: Ascending channel - It is moving in an upward channel in the weekly and daily time frames. - Within the ascending channel after a moving cycle, it has so far had good reactions to the tops and bottoms. - In the short term, it has been moving in a descending channel, which is recorded in the golden zone of a reversal candle. 💎 Therefore, it can grow after the break of the descending channel, after the touch of the 2.42 range in the middle of the channel, after the pullback to the broken structure, the continuation of the upward path to the specified areas and then to the ceiling of the channel. 💎 In addition, if the golden zone and the bottom of the ascending channel are broken, the continuation of the ascending scenario will be invalid and should be reviewed and updated. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:STXUSDT
Long
by alikze
Alikze »» HBAR | Wave 3 or C bullish scenario - 1D🔍 Technical analysis: Wave 3 or C bullish scenario - 1D BINANCE:ADAUSDT BINANCE:SOLUSDT BINANCE:HBARUSDT It is moving in a downward channel in the daily time frame. - The previous wave has completed a full upward cycle, after which a corrective combined cycle has extended up to the 38 Fibo range. - Currently, according to the movement structure, the first wave cycle has been completed and after that the second correction cycle has been completed in the range of 38 Fibo and it is currently in the microwaves of the rising wave 3. 💎 This motion cycle can occur after hitting the supply zone and a temporary correction leading to its failure to reach the ceiling of the previous module. 💎 Therefore, this movement cycle can grow more than 600%. 💹 Support zone: 0.06292 - 0.06965 🏹 Goals:0.33 - 0.56 ⚠️ In addition, if a correction occurs, the range of this validation level should not be touched, if the range of the bullish scenario is touched, it will be invalidated. And it should be checked and updated again. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
Bitcoin Forecast for the coming weekBitcoin is experiencing resistance on the weekly trendline causing a slowdown on it's rally completing a five wave move on a lower degree that will serve as a first wave of a potential 3rd wave extension for the miniscule count, market might squeeze some early short positions on current price up to 70k-ish price level and develop the bearish divergence on 4H time frame which then would proceed to a retracement towards 65k-ish levels. Another scenario would be the market pushes it's rally towards 78k - 80k levels without any retracement and from there make a sideways move.
BITSTAMP:BTCUSD
by xTomato