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Ending Diagonal

NEVERENDING CORRECTION! ;)Hello Traders! Glad to present Tengri's Traders prediction concerning Litecoin. Do not trade! Hard situation! Possible we see the formation of Ending Diagonal Triangle!? Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates professional analysis, specializing on Elliotte wave theory, Technichal analysis, Volume Spread analysis, Market Profile, Depth of Market, Order flow & Footprint. We trade in all financial markets, there are no boundaries or limitations. «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, the team Traders "Powerful Traders".
COINBASE:LTCUSD
by POWERFUL_TRADERS
1
$GBP vs. $CHF Daily Chart.Correction coming to an end |#gbp #chfTraders, GBPCHF 's late-August five wave impulse advance from 1.22202 is approaching its upside termination where Fibonacci-Price-Ratio & Proportion measurements collaborate, highlighting a reversal zone standby, yet not confirmed. This Zig-Zag correction labelled X(circle) has started unfolding since 10.10.2016 from 1.17837 ( C impulsive wave's end). Wave (A), the first leg of the Zig-Zag, a five-wave pattern uptrend has since unfolded reaching 1.29143 Wave (B) has been developed into a Running Triangle Pattern as wave b. ends beyond the start of wave a. with wave e. undershooting a. - c. line. Wave (C) subdividing into a five wave pattern where the 5th wave can be seen taking the form of an ending/contracting diagonal pattern. The reversal signature is still to come, as the diagonal might not have completed yet, even a new higher-high or even a truncated fifth are welcome, although the price action will tell to determine the end of it or not. Downside targets are towards a long way down, already measured, however, an update of them will follow after the reversal signature confirmed. Trade with Discipline Best
Short
by ChrisMark
5
Short Term ETH Day TradeAccording to my Elliott Wave count, ETH is in a reactionary wave (a correction within the correction). We are in a short term uptrend within the longer term downtrend. We have just completed 5 waves with a ending diagonal and will likely see a dip. If the prices dip, we could set some buys orders and ride to back to 1k. Note: If ETH hits the target price before hitting the buy zone, this setup would be invalid. ETH has to hit the buy zone before hitting the target.
BITFINEX:ETHUSDLong
by aoeuaoeu
4
BTC/USD ending diagonal. Pullback at the horizont?It seems 5th wave is forming just now at the 4h timeframe. The (e) wave might be shorter than usual as more and more trader recognizes the pattern. RSI supports price reversal, pullback to 1500 is very probable to test MA100 + minor support. Proceeding a zigzag correction the C wave might cross MA100 extension (which is usual at major btc corrections). This case we can look for a buy opportunity around 13500 which has a strong support area. If the price can break through the upper trend-line with force, this pattern becomes invalid.
BITSTAMP:BTCUSDShort
by GoteGuru
BTC Correction to 14200, then an Explosion to 17200!Wave 3 of the recent surge in Bitcoin 13.41% has been extremely strong, exceeding even the 1.618 Fibonacci Extension . However, we see a rising wedge , which is also a ending diagonal and the 5th sub-wave of wave 3. Also, the RSI is showing bearish divergence. All these factors point to a temporally correction. Remember, the price never goes up forever; there are always dips. We can use these opportunities to buy or add to our position. With a 0.382 Fibonacci Retracement , we get a target of 14160. It will likely retrace to the 0.382 because wave 2 retraced to the 0.618 level. However, that is only a guideline and still has a small chance of retracing to 0.5 or 0.618 level. Our target is a 1 to 1 Extension of wave 1, which is 17200. Nonetheless, the price will likely go much higher; 17200 is our conservative target.
BITFINEX:BTCUSDLong
by aoeuaoeu
3