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Ichimmoku

VeChain VETBTC Long, Bullish, Inverse H&S, Ichimocku and moreI had fun with this one, the more I looked the more there was to find. This really does look very bullish… Main points: *Break of median line in a long term downward trending channel *Break of neckline of massive inverted head and shoulders Pattern *Breakout of 3D Ichimocku cloud *Bullish weekly 3 white soldiers pattern forming The chart above shows a break of the long term downward trending Channel Median line: Targets: 150- 160sat in confluence with the 3rd wave (Orange) shown in the road map below and the 0.5 Fibonacci retrace level of the last major move down from 272sat to 34sat shown above. Road Map: Wave 1: 110sat Wave 2: 37sat Wave 3: 160- 180sat Wave 4: 113- 126sat Wave 5: 189- 203sat Elliott wave count suggests that we are in the 3rd wave ( shown below in Purple) of the 1st wave (White) of the 3rd wave(Orange). The target for the high probability zone of the 3rd wave (Orange) is 160 sat but the count on the 4h time frame (Purple) shows it could overshoot this target. A retrace to the high probability zone for the 4th wave (Orange) would put the price at 113sat, close to retesting the prior resistance at 110sat. Note this count is invalid if wave 4 breaks the high of wave 1 at 110sat. The final projection for the 5th wave at a 1:1 projection from the first wave is 189-203sat. The 5th wave target is also in confluence with the golden zone (.0618- 0.65 Fibonacci) of the last major move down. You couldn't make this stuff up if you tried! Short term shows heavy resistance at 88 89 & 91sat due to the 0.707 Fibonacci level from previous high and the projection for the 3rd wave (Purple); 1.618 - 1.75 Fibonacci level taken from the proposed wave 1 and projected from the low of wave 2. If this is a 3rd wave we can expect a retrace to the 0.382 level, and retest of the VPVR high volume node at 69- 71sat before a continuation. This would also be a retest the median line of the channel shown in the 3D macro chart. 4h (Purple) Roadmap: Wave 1: 64sat Wave 2: 44sat Wave 3: 88sat Wave 4: 71sat Wave 5: 98sat Support, resistance and VPVR high volume node: A break above 92sat will clear the algos out as the price enters a low volume area, this should allow for the price to test the 110sat area (former support and resistance of previous high). Head and shoulders: There has been a break of the neckline of a massive head and shoulders pattern formed over 20 months. The projected target for this breakout is 160sat, in confluence with the 3rd wave (Orange) on the macro. Bullish 3 White soldiers pattern forming on the Weekly: Ichimocku Weekly Resistance in confluence with Wave 1 (white) projection: weekly Ichimocku 3D Confluence with wave 4 (Purple) retrace: Never Trust. Verify. DYOR . Not Financial Advice Just an Observation. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key . Capital preservation above all else.
Long
by TribeWriter666
4
It is not possible for gold to fall in the next 14 days!In the gold chart, you can see that the Komo cloud has thickened and the chart is at the top. It's hard to get inside the cloud for the price, so the price can't easily enter the red range of B. Therefore, in the next 30 days, the market may suffer, and the Targets of 1734, 1759, and 1789 are very expensive. But if the market wants to reduce the price, when it reaches the A range, the thickness of the cloud will decrease and it can easily pass through it. If so, we expect prices to fall to 1,600.
TVC:GOLDLong
by hervess