Ethereum domain map 2 This is now the general direction of the Bitcoin Ether chart, and when it reaches the shaded area below, it will head again to test the historical top in the shaded area above.
Note: This is a weekly chart, which means it will take some time to fall to the shaded area below, and the average time to rise again to test the shaded area above.
If this chart and dozens of other successful analyzes on my page helped you, please like and comment
Elliotwaveanalysis
Compass Pathways Wave Analysis: Huge Moves aheadCompass Pathways appears to have completed an impulsive 5-wave move to the upside, signaling significant strength in its recent price action. The peak of this move, reaching $12.75, is notably identified as the B wave within an extended flat correction, potentially forming part of a larger 5-wave pattern.
In anticipation of a corrective phase, I anticipate a retracement towards the 0.618 - 0.65 Fibonacci ratio. This level coincides with a point of demand established in May 2022, which has historically served as a robust support level. Therefore, I am targeting a correction to the range of $6.86-7.06, presenting a compelling buying opportunity. This represents a potential decrease of approximately 30.7% to 29.1% from the current price of $9.90.
Looking ahead, my projections for subsequent waves are as follows:
Low: $21.07 (+112.8%)
Medium: $29.68 (+199.8%)
High: $41.80 (+322.2%)
Moonshot: $120 (+1,111.1%)
It's essential to note that the realization of these targets will be contingent upon the outcome of Compass Pathways' significant psilocybin phase 3 trial, slated for release by year-end. Regardless of the trial's results, I anticipate a substantial increase in price leading up to the release date, driven by market anticipation and sentiment.
In summary, while Compass Pathways demonstrates considerable strength in its recent price movements, caution is advised as the stock may undergo a corrective phase towards identified support levels before potentially resuming its upward trajectory, influenced by the impending trial results.
Are MEME Coins getting oversold ?The recent rally has come to an end as you all can see but is this a buying opportunity or a sign of things to come?
Key points:
]MEME coins are experiencing a pullback. This could last days or even weeks. Coming price action will tell.
Fibonacci levels (100%, 127.2% , 161.8%) could be potential entry points. These levels represent historical support areas where the price might bounce if we are in fact in a 3 wave Flat correction.
The long-term trend might still be bullish. This pullback could be a healthy correction within a larger uptrend.
I'm waiting for a LOW RISK buy point. This means waiting for the price to reach these key Fibonacci levels before even considering entry.
Be cautious! The high volatility in MEME coins is extremely risky and could wipe out your account in minutes . Don't jump in blindly, wait for a good low risk entry point !!
What do you think? Is this a buying opportunity for MEME coins or a sign of a larger correction? Let me know your thoughts!
MTF analysis weekly to 5MMTF analysis weekly to 5M
using VWAP 1-5M
Ichimoku & Elliot MTF
Ending Elliot correction wave B heading to C
Ichimoku positive outlook for same day & T+1
watch the video for more details
Disclaimer:
The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
There are risks associated with investing in stocks, and might involve risk of loss. Loss of principal is possible. Investors should note that past performance is not a guarantee of future returns. The investment value may be affected by market fluctuations.
The stocks mentioned here are not equivalent to, nor should it be treated as a substitute for, time deposit or any other form of savings deposit.
Investment in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies that can result in significant capital losses.
How to trade LUNRLUNR, now at 5.9 on March-15-2024 :
As per key observation of US stocks, Per EW there is high chance of retracing till 0.236
and the same happened in LUNR also.
Strategy in investing in LUNR is simple.
Invest little
Keep strict stoploss at 5
Accumulate on miving higher levels at 6.61, 7.88, 9.14
uptrend confirmation at 13.25
Thereafter target prices to watch --> 15.8, 17.36, 18.63, 19.9
Expected gains from cmp --> 237%
FYI, i have invested and will hold for longterm of atleast 1 year
Let's RIDE the oldman - it's safe and fun!YES I know that some of u are spoiled enough to think somethin' bawdy-obscene but Im decent and almost sinless (NO IM NOT) ;)
ANYWAY
Behold the fruits of the mental labors of the Lady of graphs, OLDSTER himself will bow to my analysis! (hysterical laugh)
I think (and I know) that we are entering the era of wave 2 of major degreez, my greedy friendz
AND AZ ITS an Endin' Diagonal, IT CAN HAVE A ZZ STRUCTURE ! Its SOO important as u can even imagine.
THEREFORE
we can't foreseen 1-3-5 structure, coz it iznt there! just ABC(containin' 1-3-5+bundle+1-3-5)-XWY-ABC-WXY-ABC! And it will be the Wave 5! TADAAA
and BTW the zones that I have drawn correspond to the values where the price will go, you can use this as a roadmap
AND AZ A REZULT OF THIS
I'm putting forward my idea of BTC-usdt movement, I will update it, perhaps.
Just remember and I please u: BOOST da button if u UNDERSTAND my idea. if u just like it - don't, just cloze it and do smthn' else.
I know! if u like my ideaz - spare some coin so I can EAT some food :(
Nasdaq (NQ1): The Grand Finale!Nasdaq (NQ1): CME_MINI:NQ1!
Examining the Nasdaq on the daily chart, it appears we may have indeed reached the final level of the potential primary scenario Wave 3 at the 461.8% extension, which is around $18,400. Now, we should be entering a Wave 4. If we continue to rise beyond this point, we might consider an alternative scenario where there is a bit more room to extend upward before developing Wave 5 as a Wave 5 extension, possibly around $19,500, marking our maximum in this scenario.
Thus, there are two scenarios, but we primarily lean towards the scenario that we are currently experiencing Wave 3, not Wave 5. Consequently, we anticipate a downturn to at least $15,500 minimum, up to a maximum of $14,140, the subordinate Wave ((iv)) level. This is the maximum level we expect to reach with Wave 4. We should definitely see a stronger corrective movement downwards before the final impulsive Wave 5 ascends. If we begin to see the first signs of weakness, we will consider establishing short positions on shorter timeframes, but until then, we will wait and observe.
Beyond the Horizon: Finally unleashing the Silver Revolution!Silver OANDA:XAGUSD
Let's take a closer look at Silver , a precious metal known for its notable volatility compared to Gold. Initiating our count post the COVID fall, a swift Wave (1) movement unfolded, followed by an extensive Wave (2) correction featuring a Flat pattern and subsequently a Zigzag for Wave (2). The completion of Wave (2) occurred around $17.55, with the high of Wave (1) standing at $29.86.
Subsequently, a somewhat peculiar Wave 1 emerged, set to conclude soon with a Wave 2. Zooming in from the daily to the 2-hour chart, after our minor Wave 1, we encounter a complex correction structure. This is anticipated to be an overarching Flat correction with Waves ((a)), ((b)), and ((c)). Notably, during Wave B, nearing $25.9, we approached nearly 100% of the Wave 1 level.
Now, we are poised to observe the downward correction for the completion of Wave 2. As Wave ((a)) is formed by a Triangle, ((b)) is nearly exact the 100% level of wave 1, it's plausible that Wave ((c)) could similarly reach around 100% of level ((a)).
Hence, projecting a retracement between 61.8% and 78.6%, we expect support between $20.75 and $19. This is the range where a potential rebound is anticipated.
How to trade SMSPHARMASMSPharma, now at 186.15, on March-14-2024 :
Per EW, this has retraced till 0.618 at 162.5 twice and rising.
Looks like swing trade happening here, and so buy on dips is adviced
Buy few, Buy until 162.5, 152.8, 143.2
Uptrend confirmation comes after 194 and
Target prices thereafter --> 212.85, 224.75, 234.5, 244
Expected gains from current price --> 31
Sl below 135 is okay
Buy on Dips would be good in this.
EURUSD: Potential ABC Pattern in short TermFrom a technical point of view, the pair could trigger a technical bounce following a potential ABC Pattern as shown on the chart. Having said that, at the moment the trend is bearish, but as long as the Price Actio remains above the previous low a bullish corrective structure should appear in the short term. Target around 1.10 area.
Trade with care
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Litecoin: consolidation in mid-term?Hi Traders!
From a technical point of view, CRYPTOCAP:LTC could be very interesting for Day Traders who like to accumulate positions, in fact this is our strategy on this Crypto. Targets on daily time frames are very clear and simple: 102 (Target 1) and 130 (Target 2).
The Trend on this Time frame is still bearish, and if the support around 56 area fails, a new bottom is possible before a price recovery, but if this happens it will be an interesting opportunity to add long positions.
Trade with care
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BNBUSDT | ABC Pattern - Pullback Entry & Target Mega BullflagA bullish scenario for long-term view after a confirmed descending triangle breakout with a potential pullback entry position targeting ABC pattern at 100% - 161.8% Fib extension upper resistance of the mega bull flag.
S1/S2: pullback descending triangle support / ema20w zone
T1: 100% fib extension +50%
T2: 161.8% +90%
Indicator: RSI week - tapping into OB area with no sign of bearish divergence.
XRP: Harmonic Structure in play in mid-term?Hi Traders!
In the long term the trend is still bearish especially on high time frames, but if we look at the intraday chart, from a technical point of view we do not exclude the formation of a bullish harmonic structure with potential Target 1 around 1.15 area and subsequently 1.40 area. Having said that, if we look at 8H chart, we see resistance area around 0.6983, but if the trend is bullish and our analysis is correct, after first touch and pullback, we expect an important breakout of it.
Trade with care
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We might see new ATH in DJIA (US30) soon 41k levelsNow I changed my view on all global Indices, any dip looking forward to buy the dip. My stop losses is in place and tight stop losses for now until it breaks last month high. I think we are in major wave 5 and we are in 3(5) in minor cycle considering Elliot wave theory.
this is just my study and I might change my view depending on price action.
Sandbox (SAND/USDT): Trend is still bullish, next Target?Hi Traders!
From our point of view #SAND still remains very interesting for Investors and Day Traders . If we look at the 6H chart, we see that there is still room for appreciation in the short and medium term. From a technical point of view, the trend is still bullish on the daily chart and the next targets are around 0.9628 area and 1.40 area. That said, if our analysis is still correct, it is possible to continue accumulating long positions on the next corrective structure (pullback) that may appear on intraday time frame. In the next update that we will publish below, we will also try to show some interesting technical levels, but to do this we also need your support, a Like and a comment will be appreciated.
INFO
The Sandbox SANDUSD is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By using the Ethereum blockchain, Sandbox ensures that players have true ownership of their assets, which can include anything from virtual plots of land to in-game characters. The native utility token of the platform is SAND, which serves multiple purposes such as a medium of exchange, governance through voting, staking, and rewarding players and creators. The platform's primary goal is to introduce blockchain technology into mainstream gaming, successfully bridging the gap between the virtual world and real-world ownership.
In conclusion, this crypto still remains in our portfolios and we hope to be able to add more.