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BTC: Double Zigzag patternIn the 240-minute chart, the structure of the downtrend is in triple waves format, which firstly was detected in the form of a Triangle, but after the price development from the range of 30300, the scenario converted to the Double Zigzag pattern. There is another probability for price reduction up to the range of $26800. In any case, while we can’t get the confirmation for the uptrend that the price crosses the range of $ 37874, in this case, is the targets of the uptrend are in the range of $ 48,000 to $ 52,000
BITSTAMP:BTCUSD
by NirmataFX
The completion of a Diagonal pattern in the range of 1.3746The last uptrend has ended in the 1.3746 range and the price has started a downtrend, the convergence in the RSI is obvious, by crossing the price from the range of 1.3446 we can get the main confirmation for the decline up to the range of 1.3132. Needless to say, we must note that according to the descending scenario, in the weekly time frame the price reduction is very long term. The range of 1.3850 is very critical; this analysis will be violated by crossing the price from this range
Short
by NirmataFX
USDCAD: Ending Diagonal PatternIn some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal. As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835. In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.
Long
by NirmataFX
USDJPY: Diagonal pattern in wave BIn the weekly chart, the price is forming a Triangle Pattern. Currently, the price is in wave D of that. The structure must have 3 confirmations. In the daily chart, wave A is completed in the range of 111.68, also in wave B, we can see the Diagonal pattern, which is ended in the range of 102.59. To be able to receive the confirmation of the uptrend, the price needs to cross the range of 105.67, if the price crosses the range of 101.18, this analysis will be nulled. If we intend to enter the risky orders, after the price crosses the range of 104.39, we can set the long order.
by NirmataFX
1
Bitcoin: The completion of Triangle pattern in wave 4As you can see in the image, the price is in the main wave iii, in sub-waves of the last ascending wave, a Triangle pattern is formed. The price can have progress for the target of $ 53,000. The 60-minute chart shows the structure of the Triangle Pattern, also the confirmation of the uptrend can be received by crossing the price from the range of 37850. In case the price meets the range of $ 33,850, this analysis will be violated.
BITSTAMP:BTCUSD
by NirmataFX
CADCHF: Triangle patternThe Darkest hour is that before the down, the great hope and light which always draws you towards itself. In Elliott wave analysis, these sparkling lights are the patterns, and when we encounter a pattern, we can build the whole path. What we have learned in Elliott's rules is the importance of the patterns, the most valued of these patterns are Diagonal and Triangle, which we can determine the direction of the movement according to their position. In the case of this currency, a Triangular pattern is being formed and we know that this pattern can be formed in wave B or 4. For this reason, and considering the history of the chart, we can consider this wave as the 4th wave, which will start the uptrend in wave 5 after the downtrend.
by NirmataFX
3
Ripple: The beginning of the uptrend with targets of $ 13 Please be noted that the target of $ 13 is a long-term price movement In the daily chart, Corrective Wave of 2 has been completed in the range of 0.1700, and the price is forming the first uptrend in Wave 3. ( Daily Chart ) In the 240- minute chart, after monitoring the details, the first ascending wave has been completed in the range of 0.3721 and the retracement has been completed in the range of 0.2608 with a truncated C wave, and is currently completing wave 3. Notes: First: The first confirmation to change the price trend is the range of 0.3835, which is probably happens in this uptrend. Second: To get the confirmation for changes to the main trend, the price must cross the range of 0.6813, which is the end of wave B. In this case, hopefully, we can expect $ 13 target price. Third: If the price crosses the range of 0.2608, the downtrend can be extended up to the range of 0.15. This range is equal to 1,618 Fibonacci ratios of the Wave A from point 2, which is an important price range.
BITSTAMP:XRPUSD
by NirmataFX
1
ChainLink : Target of $ 80 As you can see in the chart, the uptrend continues in wave 3, from the sub-waves of the 3rd wave, the price is in the wave of 5. The targets of this uptrend could be initially $ 37 and in continuation $ 80, when the 5th wave from point 3 ends. In many analyzes, the target price of $ 700 for this token has been seen. But I personally think the highest target level which forms at the end of Wave 5 could be in the $ 225 range, which is the target for a very long term.
COINBASE:LINKUSD
by NirmataFX
1
KAVA - The beginning of a strong 3 ascending wave The first ascending wave has ended in the range of 5.53 , there are two scenarios of corrective movement for this uptrend. The first scenario which has shown in color line is a simple corrective Zig zag, that is completed in the range of 1.1226. In the second scenario, the pattern of wave 2 is in Complex format, which is displayed in gray. In any case, in order to confirm the uptrend, the price needs to cross the range of 2.69, and by crossing this price, we can specify $ 9 in the first target and then $ 22. One of the reasons we have considered the $ 22 range as the final target is the channel line that we draw from the beginning and end of wave 2 and extended it to the end of wave 1. Time limit: I'm looking for a system that we can use it to predict the time frames which we will reach the forecasted target. Currently, I use Time Fibonacci, according to this analysis, the timeframe for this event would be from 21Jul to 21Sep , in which we can reach the target of $9 .
by NirmataFX
Has the Altseason started? Evidence suggests that in order to be able to predict the onset of the Alt season, we need a descending bitcoin dominance. According to the 10-days analysis of the Bitcoin dominance, the probability of the formation of an Expanded Flat pattern structure is very high, and the targets for this downturn are in the range of 57.67 to 51.61. BTC.D : ( 10 Days ) On the other hand, by considering the bitcoin chart itself, and monitoring the RSI in the balance area (middle) range, it is possible that after a sharp uptrend, the price is in resting position, and forming a Triangular pattern (The range moving in this area) On the other hand, by examining the dominance of the Ethereum, Ripple and other currencies, we can have a count for their uptrend movement, and increase of dominance for them For example, for the Ethereum ( 10 Days Chart ) For Ripple (10 Days Chart ) For Dot Also, in most currencies, we can see an increase in the dominance, which by itself indicates an ascending trend for these currencies. In addition, by monitoring the status of the coins such as Ripple, Ethereum which have been shared previously, we can see the price increase clearly. There is question now, according to this scenario, which one of these currencies are better to buy: - ZEC , which according to the analysis can increase up to $ 350 - TRX , which can increase up to 0.08 to 0.18 - ETH , for $ 2560 targets - Link , for $ 90 to $ 100 - DOT , which is referred as an Ethereum replacement - QBX , that the analysis was shared in the last 5 days, has experienced a nearly 200% price increase so far. Last but not least, Ripple , I personally find Ripple very prone to price increases, and whatever analysis I do, I reach a very fantastic uptrend outlook for the currency. That's why I keep it in my portfolio. Caution: All of these comments and scenarios are completely personal.
BITSTAMP:BTCUSD
by NirmataFX
GBPJPY: The probability of Diagonal pattern formation In the daily chart, by checking the details of the waves we can see that wave i from the sub-waves of wave 3 has completed in the range of 133.04, we are currently in wave ii. In the 240-minute diagram and in the details of wave 2 from sub-wave C, a diagonal pattern is forming which we can consider it as a terminated wave in the range of 142.03. To confirm the main downtrend, the price needs to cross from the range of 139.51 with 5 descending waves.
by NirmataFX
1
S&P500 : The completion of the Diagonal patternIn240 minutes chart of the uptrend from the range of 3511 to 3833 is in the form of 3 waves which confirms the scenario of the formation of the Diagonal pattern. Currently, to get the the confirmation of the downtrend,the price should not cross the range of 3841,because the 3rd wave should not be shorter than the other waves. By crossing the price from this range,this scenario will be violated. Thee confirmation for this pattern will be received by the formation of 5 descending waves,and by crossing the price from the range of 3660. According to monitored position, personally,I set the short order. By considering the RSI you can also see the convergence
U
by NirmataFX