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Ending Diagonal

Ethereum is bullish and expecting a 27% riseEthereum is very bullish, in my opinion. We see that the price went below the parallel channel, but there is no bearish follow-through. In my opinion, this is a bear trap, and we will continue to go higher. 27% pump is my net target; take profit at the top of the trendline, as you can see in the picture. The good news is that the ABC correction has been completed successfully. It is starting, guys. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability. Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes. In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB. Since the emergence of Play2Earn games, there has been a substantial increase in interest in the ETH to PHP price. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
12
CHFJPY: Thoughts and Analysis Today's focus: CHFJPY Pattern – Ending Diagional Support – 167.50 Resistance – 169.40 Hi, and thanks for checking out today's update. Today, we are looking at CHFJPY on the daily chart. Today's video asks if CHFJPY will continue to move lower after breaking out of an ending diagonal pattern. These patterns are seen as reversal patterns. We have broken down the trend structure and what we are looking for to see a confirmation of the pattern. The Key for us will be move-through support. If Sellers fail at support, look for a new move back through resistance, which could cause a failed pattern trend continuation. What do you think? Could this be a reversal? Good trading.
Short
by Eightcap
BNBUSDT Price, time & divergences.As a update about my current bear position on CZ coin as you can see by the link below. The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be retested. All my projections are displayed. Technicals: * Chaikin Money + 100EMAx100MA cross; * ESCGO_LB; This H4 chart is showing a lot of correlations about price, time and divergences on Chaikin Money Flow in in conjunction of 100EMA & 100MA moving averages crossover plus regular and hidden divergences, which is my system I've used to finding turn-points. If in parallel with RSI, is possible to note a lot of divergences that only Chaikin oscillator can display. * In addition, an ABCD reciprocal (0.886:1.128) projection as an alternative projection.
Short
by firmestudio
1
SPX 500 Futures: Analyzing Price Movements and Predicting TrendsAs a trader, keeping an eye on market trends and understanding how to interpret them is crucial to making informed decisions. In this article, I'll explore the price movements of the S&P 500 (SPX) futures since the beginning of February 2023. Whether you're a beginner or an intermediate trader, this analysis will provide insights into the market's behavior and hopefully help you make better decisions for your portfolio. The Roller Coaster Ride: February to March 2023 At the beginning of February 2023, the ES futures hit a high near 4200, marking the start of a steep decline. The descent was impulsive, and prices dropped to almost 3800, stopping short by about 30 points. There are two ways to interpret the downward movement: either as a 5-wave structure or a 3-wave structure. The choppiness and overlap of the moves make it difficult to determine the exact structure, but one thing is clear: a significant bottom was reached around March 13, 2023, the same date as the bottom in 2020 . The Rebound and the Big Question Since that bottom, the ES futures have rebounded, practically returning to their starting point at 4200. Now, we face a critical question: what happens next? From a trading standpoint, it appears that we're in a rising wedge , forming an ending diagonal with multiple 3-wave structures. If the lower trendline is breached, the market could be on its way to testing 4000, or even lower . However, if the upper trendline is broken and the market surpasses 4200, a slow grind up to 4300-4500 is possible, although I'd give it a 20% chance at this point. Key Trendlines and Moving Averages Beneath the current market level, two significant trendlines exist . The first, originating from the October lows, sits around 3925 , while the second, from the COVID-19 lows, hovers around 3775 . Interestingly, the latter trendline coincides with the 200-week simple moving average . Making Bets: Bull or Bear? Regardless of whether you're bullish or bearish, it's evident that the market is in a compressing wedge , which will eventually break in one direction or the other. The decision you need to make is whether to place your bets now or wait for a break to occur. It's worth noting that while the market has risen significantly, it could fall just as quickly. Conversely, after a challenging 2022 for investors, the market could continue to rise. The key to longer-term upside potential lies in the VIX, which needs to stay below 20 for the slow grind rise . By examining the recent history of the SPX 500 futures and their current position within a compressing wedge, you can better prepare for potential shifts in the market. Whether you choose to place your bets now or wait for a break, staying informed and adaptable is crucial to successful trading.
CME_MINI:ES1!Short
by bitdoctor
6
Swing trade about to happen on CZcoin BNBUSDTBNBUSDT is about to finish the 5th wave of a contracting ending diagonal. 12% drawdown can be expected as illustrated on this 1D chart. Price action on intraday below volume POC. According to my wave count, BNBUSDT is likely to be enter in a 5-wave swing-downward correction to made a lower low amid 160 USDT price @ least extending down 1.618 from the ABCD reciprocal harmonic pattern displayed. In a Wickoff method perspective, the price tends to enter in a SOW phase, breaking-down this triangle structure, but a rally of relief can be expected as a potential growth of BTCUSDT for the next month open. Oscillators: *Fisher Transform; *ESCGO_LZ (smoothed stochastic); *Chaikin Money Flow. This strategy was published for an educational study of the cycles of BNBUSDT market. You can see more of my progression on this short position by my previous posts.
Short
by firmestudio
AVAXUSDT| Wave Projection| Potential Ending Diagonal 5-WaveTFD Wave Analysis / Projection - 5 wave ending diagonal pattern? Normally the opposite of previous wave if wave 1 was ABC uptrend, the correction could be 5 wave down > A potential 5 wave pattern correction downtrend bullish scenario with 5-3-5-3-5 pattern after finishing uptrend ABC wave pattern 5-3-5 > 1-wave - 5 wave downtrend correction retraced previous ABC uptrend or major 1 wave at 0.5 fibonacci level > 2-wave - ABC uptrend retraced 0.786, 3-wave extended 1.272 of 1-wave, and currently making 4-wave at 0.5-0.618 of 3-wave at falling channel / 50MA resistance but should not rise beyond 2-wave. > The projected 5-wave downtrend at the target previous DOUBLE TOP pattern expected at 0.5 - 0.786 extension of 3-wave, making a false breakdown with a bullish divergence signal. Long Entry: 200MA re-breakout zone after the bullish divergence in TFD
Long
by dukeposh
1
ADAUSDT |Wave Projection|Ending Diagonal Downtrend Target -30%+Price action and chart pattern trading medium term setup > A possible sideway downtrend ending diagonal pattern with a falling flag channel 5 wave > Now, the price reached the T1 target at 1.618 fibo extension of 1-wave downtrend > The candlestick pattern is consolidating at the lower support level could be 3-wave and getting ready for 4-wave uptrend rebound > Indicator: RSI already oversold and breakout MA line, expecting an upcoming BULLISH DIVERGENCE for 5-wave downtrend. > The next target downtrend is at 2.272-2.618 fibo extension zone - a 30%+ further downside > Recommendation: Close short position once RSI and MACD showing bullish divergence signal. Always trade with affordable risk and respect your stoploss, nothing is 100%.
Short
by dukeposh
1