#NEO/USDT
#NEO
The price has been moving in a descending triangle since May 2023
price move in up waves
Finally, the price reached the upper line of the channel, which is the main resistance line
At 9.40 , which is the current price
We expect to break the resistance line with targets
First target 11.64
Second goal 14.20
Price breake the Moving Average 100 actuly
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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Neowaveanalysis
ETH Neowave - Elliott Wave Theory Analysis (Weekly - Long Term)In ETH, the Macro structure (if you can look at the chart more remotely) shows the most potential time limit as 113-117 weeks. At the same time, in the microstructure (close perspective), the same duration of waves A and C (since wave B is temporally much longer than A) would correspond to 113-117 weeks in the macrostructure.
(These time relationships are measured for the most common cases - it should not be expected to happen at that exact moment at that exact minute. It is only an estimate of the time horizon).
As a result, I expect it to follow the Yellow or Red path at this point.
The Yellow possibility is more likely to be justified by news such as ETH ETF approval, which may come in a fundamental sense. For this reason, this news should be followed up to date. Otherwise, the red possibility has priority.
I take a 1% risk on the trades. Since the formula of the line chart is different, I am thinking of using a manual stop. Options trading will be more suitable for this transaction.
I will share updates here.
Thank you for your support.
Bitcoin in Wave E of Triangle Pattern (Elliott Wave Theory)OANDA:BTCUSD
Bitcoin is in the final stages of completing wave 4 within a triangle pattern. To confirm the completion of the triangle and the resumption of the trend, the price needs to surpass wave D, which is at 37785. Once the price goes above this level, it will provide confirmation, and I will share my updated view, including the target for the next move.
USDCAD ANALYSIS AND ELIOTT WAVEUSDCAD ANALYSIS AND ELIOTT WAVE MOVE TO TARGET
Personal consumption expenditures (PCE) are the primary measure of consumer spending on goods and services in the US economy. 1 It accounts for about two-thirds of marginal domestic expenditure and is therefore the main engine of future economic growth. PCE shows how much of the income earned by households is spent on current consumption versus how much is saved for future consumption. PCE also provides a comprehensive measure of the types of goods and services purchased by households. Thus, for example, it represents the portion of spending accounted for by discretionary items, such as motor vehicles, or adjustments that consumers make to price changes, such as a sharp increase in the price of gasoline.