uptrendThe downtrend is expected to end at the current support area and we will see the start of the upward trend.
Otherwise, the downtrend is likely to continue to the next support levels.
Neo Wave
possibility of uptrendThe price is expected to stabilize above the current support area and then continue the upward trend.
If the price breaks through the green support area, the downward trend is likely to continue to the next support levels.
downtrendThe triangle pattern is expected to complete at the current range and then we will see the start of the downtrend.
possibility of uptrendThe price is expected to consolidate above the current support area. Then there is a possibility of the upward trend starting.
A break of the green support area will cause the price to decline.
check the trendThe price is expected to advance to the green resistance area. Then there is a possibility of the correction pattern ending and the downtrend starting.
possibility of uptrendGiven the behavior of the index in the current resistance range, possible scenarios have been identified.
The index is expected to consolidate above the resistance range and the resistance trend line, then the continuation of the upward trend will take place.
uptrendGiven the current upward trend, it is expected that the continuation of the upward trend will take place according to the specified paths and according to the price behavior in the resistance ranges.
possibility of uptrendThe price is expected to fluctuate within the current support range. Then, with consolidation above the red support range, the continuation of the upward trend is likely.
ETHUSDT : Expecting Another Swing LowEtherium is preparing for another swing low.
Target price 1250-1260, also good price for new entries.
May be the final low before entering a bullish trend, but needs confirmation. Will update.
BITCOIN New Update (4H)Before anything else, we shouldn't forget that through multiple analyses shared from the bottom on higher timeframes, we knew Bitcoin was highly bullish.
The red zone from the previous analysis has been engulfed and cleared | a lot of sell orders have been absorbed, leading to a pumpy move. It’s better to wait for a pullback now.
The price has now reached a resistance zone, where a large number of sell orders have been absorbed, leading to a pumpy move.
Also, the diametric pattern is still visible, and after the completion of wave F | which has just occurred | a reversal is expected for wave G.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GOAT Looks Bullish (12H)It seems that a wave A of a higher-degree structure has completed, and the price is forming a triangle at the bottom, preparing for an upward movement in the form of either a wave B or a new impulse wave. Since this wave belongs to a higher degree, we expect the upcoming bullish wave to take time and show a significant upward retracement.
Try to avoid entering during pumps, and instead focus on entries during price corrections.
As long as the green zone holds, the price has the potential to move upward.
A daily candle closing below the invalidation level will invalidate this outlook.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ZEREBRO ANALYSIS (12H)Note: This is a risky meme coin with high volatility.
From the point where we placed the red arrow on the chart, the correction of ZEREBRO has started.
This correction appears to be a double structure, with the first part being a symmetrical pattern and the second part a diametric one. After the breakout of the resistance line of wave E, it seems that the price is aiming to complete wave F.
Once wave F is completed, the price will likely be rejected downward again, making that area a low-risk zone for re-entry.
Targets are marked on the chart.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
EURNZD potential longEURNZD is in uptrend and currently have completed sub-wave 1 of wave 5 of higher degree. The question is the pullback for sub-wave 2 complete or still retracing lower? Given the wave structures looks like we might have a retrace lower to complete a complex correction wxy before we resume the bullish momentum. If we are correct we should expect price to find support around 78.6 fib retracement.
Lets monitor it for a possible long(This is not financial advise, always plan your trades and execute them at your own risk)
Elliott Wave Principles: A Study on US Dollar IndexHello friends, today we'll attempt to analyze the (DXY) US Dollar Index chart using Elliott Wave theory. Let's explore the possible Elliott Wave counts with wave Principles (Rules).
We've used the daily time frame chart here, which suggests that the primary cycle degree in Black weekly wave ((A)) and ((B)) waves have already occurred. Currently, wave ((C)) is in progress.
Within wave ((C)) in Black which are Weekly counts, Subdivisions are on daily time frame, showing Intermediate degree in blue wave (1) & (2) are finished and (3) is near to completion. Post wave (3), we can expect wave (4) up in Blue and then wave (5) down in Blue, marking the end of wave ((C)) in Black.
Additionally, within blue wave (3) Intermediate degree, we should see 5 subdivisions in red of Minor degree, which is clearly showing that waves 1 & 2 are done and now we are near to completion of wave 3 in Red. followed by waves 4 and 5, which will complete blue wave (3).
Key Points to Learn:
When applying Elliott Wave theory, it's essential to follow specific rules and principles. Here are three crucial ones:
1. Wave 2 Retracement Rule: Wave two will never retrace more than 100% of wave one.
2. Wave 3 Length Rule: Wave three will never be the shortest among waves 1, 3, and 5. It may be the largest most of the time, but never the shortest.
3. Wave 4 Overlap Rule: Wave four will never enter into the territory of wave one, meaning wave four will not overlap wave one, except in cases of diagonals or triangles.
Invalidation level is a level which is decided based on these Elliott wave Principles only, Once its triggered, then counts are Invalidated so we have to reassess the chart study and other possible counts are to be plotted
The entire wave count is clearly visible on the chart, and this is just one possible scenario. Please note that Elliott Wave theory involves multiple possibilities and uncertainties.
The analysis we've presented focuses on one particular scenario that seems potentially possible. However, it's essential to keep in mind that Elliott Wave counts can have multiple possibilities.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
BTC Weekly Analysis (1W)First and foremost, keep in mind that this is a weekly analysis, and along the way, Bitcoin may experience upward bounces from daily or hourly support levels.
From the point where we placed the green arrow on the chart, Bitcoin started forming a diametric pattern, and with the recent drop, the bullish scenario has strengthened, canceling Bitcoin’s previous triangle formation.
The price has now entered wave F. The green zone is where wave F could potentially complete.
June is the month when this corrective wave (wave F) is expected to end.
Wave G is a bullish wave, and its target could be the red zone.
A weekly candle close below the invalidation level will invalidate this outlook and analysis
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
check the trendThe downtrend is expected to continue until the specified support levels are formed. Then there is a possibility of a trend change.
Resistance RangeThe price is approaching the resistance level. A trend change is expected to occur at this level.
The $3,400 and $3,500 levels could be the trend reversal levels.
end of downtrendThe downtrend could end at the support level and also by hitting the support trend line.
correctionThe upward trend is expected to end at the resistance levels. Then the start of a correction wave is likely.
downtrendGiven the price behavior at the current resistance level, the downward trend is expected to continue. If the price consolidates above the resistance level, the upward trend is likely to continue.
correctionThe upward trend is expected to continue to the specified resistance levels. Then there is a possibility of a trend change and the start of a correction.
check the trendThe upward trend is expected to form to the specified resistance levels. Then there is a possibility of a trend change.
Otherwise, the upward trend is likely to continue to the next resistance level.
downtrendGiven the behavior of the index within the specified support range, it is expected that the continuation of the downward trend will form according to the specified paths.
