More potential downsideEveryone is picking bottoms that is dangerous in this environment, this chart is Elliott wave we are at the top of the b-wave and it is considered a bull trap but we could get a v shape and may not get follow through in which case the b-wave becomes a new wave 5. It could go either wave but my bias is we get follow through to the downside but its just an opinion you have to due whats best for you.
Elliott Wave
USD/JPY Eyes Breakout After Healthy Wave 4 CorrectionThe USD/JPY pair is currently unfolding a clean impulsive 5-wave structure to the upside. The price action has already completed Waves 1, 2, and 3, and has entered a probable Wave 4 correction.
Wave 3 appears extended and tapped into a key Fair Value Gap (FVG), which acted as resistance.
Wave 4 is likely to develop as a shallow retracement, possibly forming a bull flag or expanded flat before launching into Wave 5.
The ascending channel supports the bullish structure with both Wave 2 and Wave 4 respecting lower bounds.
Targets: 144.750 - 144.351
Stoploss: 146.268
MANTA: The Pacific#MANTA is one of the Binance Launchpool coins listed in late 2023–early 2024, most of which dumped heavily post-launch, draining liquidity from beginner users.
Despite that, OMXHEX:MANTA may have completed a major zigzag correction after a strong bounce from ATL.
Holding above that low could spark a major bull-run, potentially recovering early investor losses.
#MantaNetwork
DOGE: The Dogecoin ArmyCRYPTOCAP:DOGE is among the top10 cryptocurrenices and although it's a memecoin but it's a legit store of value. After it's historical run during 2020/2021, it went in a 4 years long correction so far that is still ongoing and expected to last another couple of years as long as the price stays in the current bullish triangle pattern. By holding above $0.057 (the stop-loss) and below the level of $0.48 which passing it confirms targeting a new all-time high.
#Dogecoin
BITCOIN | 30M | IMPORTANT SUPPORT ZONE Hello, my friends,
Yesterday, I shared a Bitcoin analysis and stated that my target level is 97,300.
At the moment, we are within the blue support zone I highlighted in my analysis yesterday. Although this is not a very strong support zone, I am expecting an upward movement from here. However, the most critical support level lies between 92,000 and 91,000.
As I mentioned yesterday, as long as the price does not drop below the 92,000 - 91,000 levels, my target remains at 97,300.
Please don't forget to like.
Thank you to everyone who supports with likes.
EURUSD is Trading Under the Pressure of a Strong DollarHey traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.13500 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.13500 support and resistance area.
Trade safe, Joe.
Gold Analysis Based Elliott Triangle WaveCAPITALCOM:GOLD h2 timeframe Gold pair analysis for today 23 April 2025 Gold analysis based on Elliott Impulse wave and Elliott Triangle Wave
We first consider the (1 to 5) Elliott Impulse Wave which succeeded in going up from the bottom. Now we will consider the (ACBDE) Elliott Triangle Wave for the coming days which indicates going down from the top to 3050. we look at the RSI which is hovering around 41.02 which is clearly indicating a sell trend and we will consider selling.
CAPITALCOM:GOLD Gold Sell Entry 3336
TP 3214
TP 3050
SL 3400
Bitcoin: Weekly Bullish Continuation🟠 The weekly divergence between the March 2024 and January 2025 peaks has driven the recent 3-month decline.
🔴 BTC is expected to make a weekly move higher, creating another divergence in the way.
🔵 BTC held above the 2024 peak range 73K without overlap, while the Stock RSI has completed a full reset, reinforcing the bullish momentum.
🟢 Outlook: Over the next 6 months, Bitcoin CRYPTO:BTCUSD is expected to rally into new ATH, with a potential target around 127K by October 2025.
GOLD → Trend reversal, downward distribution, and new targetsFX:XAUUSD breaks through 3270 and enters a distribution phase amid a rising dollar. We are most likely at the beginning of a trend reversal...
On Thursday, gold remains under pressure, trading at a two-week low, as the market reacts to Trump's statements about potential trade agreements with a number of countries, including China. Optimism surrounding the negotiations is boosting risk appetite, reducing interest in gold as a safe-haven asset. Even weak US GDP and inflation data failed to halt the rise in gold prices, as traders' attention is focused on the trade agenda and upcoming labour market statistics.
Gold is changing its trend due to the rise of the dollar and a shift in the fundamental background. A breakout of the local low could reinforce the decline. The first target is 3190. There is a possibility of a retest of the previously broken consolidation support at 3268 before the decline continues.
Resistance levels: 3245, 3270
Support levels: 3190, 3186, 3167
A breakout of the local low of 3221 could trigger a further decline. The first stop could be around 3190. From this level, a small correction or consolidation may follow before the decline continues.
I do not rule out the possibility of a retest of 3245-3270 before the decline continues.
Best regards, R. Linda!
GBP/USD Technical Analysis: Uptrend with Key Support at 1.3131 Based on Elliott Wave analysis, GBP/USD is currently in an upward trend 📊.
The critical support is at 1.3131 🛡️ — as long as the price holds above this level, the path remains open toward 1.3777 and 1.4151 🎯.
This zone is crucial for maintaining the bullish structure, so keep a close eye on it! 👀