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Pf-marketanalysis

Gold: The Double ZigZag pattern is not over yet. ( Daily Chart ) In the daily chart, and in the previous analysis, we considered the IV wave as an ended wave in the range of 1764. We were expecting the price increase and cross the level of $ 1965. In the range of $ 1959 and with price decrease from this area and by crossing the price from the range of $ 1818, it seems the structure of the uptrend, from the range of $ 1764 to $ 1959 is in the form of 3 waves. To get the confirmation for the completion of wave IV, we should wait for a downtrend formation with 5 more waves up to the range of $ 1736 to $ 1650.
FX_IDC:XAUUSD
by NirmataFX
2
BTC - Two potential scenarios for Bitcoin and its reasons First, we describe descending scenario: In the daily chart, we can count 5 waves up to the range of $ 41950, which indicates the end of the uptrend in wave III, in order to have the completion of wave IV, we must wait for the price decline up to the range of 16,500 to 21,800 dollars. The reason we considered a long corrective movement in wave IV is that in wave II we had a short retracement. Take the following image which depicts the ascending scenario: First, we study the trend lines and the 10-days chart. In the past, and in the case of the crypto currency market, movements in wave 3 or the 5th continuous wave usually were ending in 400% of Fibonacci ratio, which we have not reached this level in Bitcoin yet. (10 Days Chart ) Now let's see the wave count in the 240 -minute chart: We can have this wave count that, the uptrend up to the range of $ 42,000 was the end of 3rd wave from point iii, and by hitting the trend line which obtained from the connection of waves 1 and 3, hopefully we can expect the price increase in the 5th wave up to the range of $48,000, which is according to the analysis of 400% of Fibonacci ratio. ( 240 Minute Chart )
by NirmataFX
2
Zcash – Probability of uptrend formation to the range of $ 183The first 5 ascending waves started from the range of $ 18.13 and ended at the level of $ 102.42. The corrective movement of this uptrend has been completed in the range of 46.27 which is approximately equal to the Fibonacci ratio of 0.618. By crossing the price from the range of 89.77, which is the end of wave B from the correctional structure, we can be hopeful to start the uptrend in C / 3 wave. This wave initially can touch the range of $ 183 and then reach the level of $ 384
BITFINEX:ZECUSDLong
by NirmataFX
1
NEO - The beginning of wave 3 from bullish with the target $100The first 5 uptrend waves started at the level of 3.89, has ended at the range of 25.85. The corrective wave of this trend was very complicated and in the form of Expanded Flat and Double Zigzag patterns, which is completed in the range of 12.21, that is equal to 0.618 Fibonacci ratio. Currently, by crossing the price from the range of 21.82 (the end of X wave) and breaking the downtrend line, we can be hopeful to get the following targets. First target: $ 42 Second target: $ 47 The third and final target is $ 100
Long
by NirmataFX
1
OMG - The beginning of the uptrend in wave 3 / AThe first uptrend, which started in level of 0.3031, ended in the range of 9.82, in continuation the price entered the corrective phase of this uptrend, which is a simple 3-wave pattern that ended in the range of 1.99.12. This corrective movement has been completed in the range of 0.786 Fibonacci ratio. Then, with the breaking of the downtrend line, we can be hopeful that the downtrend is over, and also by crossing the price from the range of 5.18, we can get the main confirmation. The general targets are in the range of $ 39, in addition, we can focus on $ 15 and $ 17 as the short-term targets.
OLong
by NirmataFX
9
BQXBTC - Ending DiagonalIn the daily chart, as shown in the image, the first wave from 5 ascending waves has been completed in the range of 2125 Satoshi, and with a simple pattern -the corrective movement has been finished in the range of 392. According to this analysis, by crossing the price above 990, we should expect a price rise up to the range of 1593 (targes of the pattern) As the price is in wave III, it has the potential to move up to the range of 3424 and even higher targets. The chart depicts how to place the order.
BLong
by NirmataFX
5
XRP - The completion of 2nd wave in the range of 0.170The 2 / B wave has ended in the range of 0.1140 and the price was able to reach the range of 0.7900 with 5 ascending waves. Under the influence of market news for this currency, the price pushed down to the range of 0.1700. (Completed the 2nd Wave) Currently, by having the price hitting the channel line, there is a scenario that wave 2 is over and wave 3 has been started. I am personally waiting for the targets of $ 8 to $ 13 for this currency in the 2021 year. For this currency the first buy target range again is on 0.3468 price level, the aforementioned range have been concluded according to the Price Action rules, and also, the second buy area will be set after the end of the first 5 uptrend waves. ( 10Days Chart )
BITSTAMP:XRPUSDLong
by NirmataFX
1
Trying to gain popularity and formation of ascending movement In the weekly chart, there are two important ranges. The first range is $ 497.10, by crossing this range, we can be hopeful for an uptrend formation for the targets of $ 2,200 to $ 3,000. Also, if the price crosses the range of $ 231.07, it may encounter the Triangle pattern, in which a long corrective movement is predictable and then we expect a descending movement up to the range of $ 45-50. ( weekly Chart ) In the daily chart, we can have this wave count that wave 2 has ended in the range of 140.65, and the price is forming wave iii. However, to confirm the uptrend, the price must cross the range of $ 497.10. Personally, I’m interested in putting my investment in Light Coin (SHA256).
KRAKEN:BCHUSD
by NirmataFX
Q: What is your idea about gold in this week? A: As shown in the picture, wave IV has ended in the range of $ 1764, and the price is rising in the V wave. From the sub-waves of this uptrend, wave ii has ended in the range of $ 1818, also by the price crossing the range of $ 1855, we are waiting for the price increase for the target of $ 2200. The first ascending wave from V point, is likely ending in the range of $ 1965 and after a corrective movement, the price will return to the uptrend phase.
FX_IDC:XAUUSDLong
by NirmataFX
1
To the moon with full powerFrom the Bitcoin family, Litecoin is a digital asset token of the Litecoin network that can surprise everyone. My only complaint is that I own the least of this token. In the weekly chart, and according to the wave counting, the price is in the 5th wave of the uptrend, according to the Fibonacci ratio in wave 5, this uptrend can be extended up to the target of $ 1688. (Weekly Chart) The price is in the 5th wave from the sub-waves of the 3rd wave, in which the price has the largest movements as usual. As you see, the daily chart is totally clear, there is the possibility that the first wave from the 3rd point ends in the range of $ 438. In continuation, I expect the advent of a strong uptrend, initially for the target of $ 597 and finally the target of $ 1600.
COINBASE:LTCUSDLong
by NirmataFX
1
Dow Jones – The advent of Diagonal pattern on the 240minuteChartThere is the probability for the completion of the first 5 ascending wave of 1 / A (Weekly Chart ) In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A. ( Daily Chart ) In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the V wave. The Diagonal pattern is formed in the 240-minute chart, which can be ended in the range of 30325 to 30500, this pattern will be confirmed by crossing the price from the range of 29820. The targets of this pattern are the range of 28920 (starting point of the pattern), by considering the gap, we can also include the range of 28440. The third target is in the range of 26143.
TVC:DJI
by NirmataFX
EURJPY – The Uptrend with the target of 128In weekly chart, the wave of 2 / B has ended in the range of 94.11, the price is currently in wave 3 from point 3 / C. ( Weekly Chart ) In sub- waves of wave 3, the wave 2 is completed with a Diagonal pattern in the range of 114.39. In the daily chart, with the completion of wave 2 in the range of 114.39, the first ascending wave in 3 is ended in the range of 127.07, and its retracement movement is finished in the range of 121.51. (Daily Chart ) In the 240-minute chart and by reviewing the details, it is clear that the price is in the wave 3 of iii, which should be a long wave. The confirmation of this uptrend will be received by the price crossing the range of 126.73.
Long
by NirmataFX