CLOUDUSDT H4 (Wave analysis) - Crypto MarketCLOUDUSDT H4 (Wave analysis) - Crypto Market
We are in downtrend in wave 5 from 5 in A.
Regards,
Elliott Wave
SUI Ending Diagonal
This token had a nice rise over the last 6 months, but technicals are not looking good right now.
We have:
- Ending diagonal pattern for blue 5 / black 5 / gray 3.
- Bearish RSI divergence
I don't see SUI as a good opportunity right now (unless you are a holder), and I'll wait for a corrective pattern (gray 4) before looking for new long trades.
IOTA Pump and Correction
After a 500+% pump, IOTA made a solid correction down to 61.8% pullback, which is acting as some sort of support.
My primary count considers black C / gray 2 is over.
But... to have a higher confidence that the uptrend has resumed, I'd prefer to see a break of the purple level at 0.4495.
#GOAT/USDT Short-Term Rally or Wave 5 Decline ?#GOAT/USDT is currently forming a descending channel with a 5-wave Elliott Wave structure. The price shows potential for a short-term upside move toward $0.69, which acts as a crucial resistance level at the upper boundary of the channel. If rejected at this level, the price may continue its downtrend toward $0.32, aligning with the lower channel boundary and Wave (5) target. Traders should watch for a breakout or rejection at $0.69, as it will determine the next significant move. A breakout could signal further bullish momentum, while rejection would confirm the continuation of the bearish trend. BYBIT:GOATUSDT.P
More down for BitcoinHi traders,
Last week Bitcoin came almost into the higher Daily FVG. It rejected a little lower and dropped making this a WXY pattern (not XYZ what I've mistyped last week).
Now we could see more downside to finish the Y-wave.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bearish and trade shorts into the lower Weekly FVG.
If you want to learn more about trading ICT concepts with wave analysis, please make sure to follow me, give a boost or 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 trade signals.
Don't be emotional, just trade!
Eduwave
Gold is ready to go upHi traders,
Last week XAUUSD did not go lower from the Daily FVG. It only made a correction to the 23.6 fib retracement and it's in a wave 4.
All of this made me adjust the wavecount and the pattern.
I think it made a Triangle (wave 4) which is now finished and price made the next impulsive wave for wave 5.
So if this is correct, then next week we could see a correction down and more upside.
Let's see what price does and react.
Trade idea: Wait for a small correction down, a change in orderflow to bullish on a lower timeframe and trade longs.
If you want to see more from my analysis, please make sure to follow me, give a boost 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 trade signals.
Don't be emotional, just trade!
Eduwave
OTHERS Others will need to print this impulsively to confirm the alt season. This idea is against the blue support where the price appears to be consolidating.
More down for SPX500USDHi traders,
Last week SPX500USD did exactly what I've said in my outlook. After price came into the Daily BPR it rejected from there and made another drop. So did you took advantage of my knowledge? You could have made a lot of money.
Now it looks like the B-wave was a Triangle and price is now in the C-wave.
So if that's true, then next week we could see more downside for this pair.
Let's see what the market does and react.
Trade idea: Wait for a small correction up to finish and a change in orderflow to bearish, then you could trade shorts again.
If you want to see more from my analysis, please make sure to follow me, give a boost 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 trade signals.
Don't be emotional, just trade!
Eduwave
EU could go lowerHi traders,
Last week EU made another bigger pullback, swept the liquidity and after a change in orderflow to bearish, it dropped.
Next week we could see this pair go lower again to finish wave 5 (black).
Let's see what the market does and react.
Trade idea: Wait for a small correction, a change in orderflow to bearish on a lower timeframe and trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost or 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
ETHUSD morning analysisTechnical analysis of ETHUSD.
Bearish count sees large regular flat from ATH, pitchfork drawn from ATH, A, and B.
C wave would be in its wave 3, with target ~2000.
Wave 2 was a zigzag with Elliott Triangle wave b. Wave c of 2 tagged .618 fib drawn from B at 4104.56 to end of wave 1 of C.
Smaller pitchfork drawn from B, 1, and 2; convergence with larger pitchfork below A at 880.03, which is where this analysis suggests price is going.
NAS100/NDX morning updateAnother look at NAS100.
I added another pitchfork and Hagopian line, drawn off bearish pivots after 16 December 2024 ATH.
The Hagopian line held resistance at wave ii. As long as it continues to hold as resistance, the red median line is the bearish target. Failure of the bullish pitchforks to hit their median line targets suggests price reversal.
Two bearish counts after ATH. Count in green shows a zigzag, and count in red shows an impulse. The red count assumes that price completed a (b) wave of an expanded flat, (b) wave starting October 2022, (c) wave impulse targeting October 2022 low.
POPCAT - Trend reversal, good oportunity for buy POPCAT the meme, pushed by the meme narrative is showing signs of trend reversal after testing the lower band of the channel. RSI <30 MACD on daily showing signs of uptrend. Very low risk to reward ratio. From an eliot perspectibne the TA is supported.
BitcoinAnother possible scenario is that this correction looks like an Elliot Wave Channel, with the C wavelength very close to the B wave.
The corrective channel is made by two trendline lines. The first primary line connects the starting point of wave A to the end of wave B, and then the parallel line is placed at the end of wave A. Normally, wave C will end at that parallel line to complete a corrective retracement.
BitcoinPossible scenarios
- The charts below present an Elliott Wave analysis on the daily time frame. January is typically a month for corrections, and this January, the price appears to be pulling back into wave 4, with significant support at the 0.3 to 0.5 Fibonacci levels. It seems likely that there will be a quick final leg down, with a potential maximum decline of 15%, which could cause many alt-coins to lose value. However, considering that we are still in a bull run, this correction may be shallow, potentially bottoming out around the 88k to 90k range.
- Blue and white support perfectly matched the targets for C wave and wave 4.
I can not ignore the fact that sometimes C can length on the same level where wave A is (forming double bottom)
- If I zoom in or out on the chart, I might see a potential Head and Shoulders (H&S) pattern with a target of $77,000. However, the structure of this H&S pattern isn't perfect, and I've noticed that such patterns are often not very reliable, especially with Bitcoin (BTC). If we consider these patterns, it's also worth noting that a weekly H&S is forming to the upside, targeting an increase of over $200.K.
Pudgy PenguinsPENGU is an airdropped token by the Pudgy Penguins NFT project.
The bearish scenario is confirmed if the price breaks the $0.029 level.
The bullish scenario is confirmed if the price passes the $0.047 level.
I expect the bearish scenario to be more likely.
250111 BTC CountingBTC appears to be completing its 4th wave correction, which is taking the form of a complex WXYXZ pattern. The structure suggests we're at the terminal phase of this corrective wave.
250111 BTC CountingBTC appears to be completing its 4th wave correction, which is taking the form of a complex WXYXZ pattern. The structure suggests we're at the terminal phase of this corrective wave.
NAS100/NDX technical analysisTechnical analysis for NAS100 (NDX).
Price shown from 5 August 2024 low.
This count sees price as an ending diagonal from 5 August 2024 low, with a truncated fifth wave finishing at 22084.70.
Completed impulse wave from 22084.70 to 20710.70 (first green ellipse).
Regular flat completed at 21654.70, with impulsive price action afterwards (second green ellipse) which broke below support of 20710.7 today.
Two pitchforks shown, neither of which had their median (red) lines tagged, implying prices will return to pivots at 20309.1 and 18297.4.
Impulse waves (red ellipses) with regular flat corrective wave would either be a zigzag or the beginning of a larger impulse wave down. Given the lower targets involved, this count implies the latter.
Key resistance now 21654.7.
TON Upside Correction
Expecting TON to find resistance in the 5.45 to 5.50 zone for another leg down, completing green V.
This zone is a confluence of 50-61.8% pullback and resistance from lat December lows.
NZDUSD Wave Analysis 10 January 2025
- NZDUSD falling inside weekly impulse wave C
- Likely to fall to support level 0.5500
NZDUSD currency pair recently reversed down from the lower trendline of the wide weekly down channel from the start of 2023 (which is acting as the resistance after it was broken in December).
The downward reversal from this down channel accelerated the active impulse C-wave of the weekly downward ABC correction (2) from the start of last year.
Given the strong downtrend on the weekly charts, NZDUSD currency pair can be expected to fall toward the next long-term support level 0.5500 (which stopped the sharp weekly downtrend at the end of 2022).
