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Vinceprince

BABA, Forming This Massive Descending-Triangle, Likely Breakout!Hello Traders Investors And Community, Welcome to this analysis about Alibaba in which I will look at the 12-hour timeframe perspectives. Since the Alibaba founder, Jack Ma moved into isolation because of a government critical speech the stock developed an exceptional downtrend with bearish alignments mainly reaching the 205 level. Now as there came news the founder still active and operating on the company this can also lead to potential positive developments on the fundamental sight of things matching with the technical factors I detected recently, therefore I am looking at all the important levels and likely destinies we should consider with the stock in the current structure and upcoming movements. Structural Developments: As when looking at my chart now we can watch there how Alibaba has formed this massive descending-triangle-formation with the coherent wave-count within and the waves A to C already completed. Such a triangle-formation is known to produce a substantial bullish reversal with further continuations and an increase in volatility to the upside. Recently Alibaba already formed this initial spike of bullishness to the upside within the triangle testing the upper boundary of the triangle-formation and also the 100- as well as the 65-EMA lying there, above these EMAs Alibaba will form a sustainable bullishness as the previous resistance gets support. Upcoming Perspectives: As Alibaba already formed all these strong initial terms in the structure it is likely that the triangle completes with a bullish breakout in the next times which will finally happen with the close above the upper boundary. It is seldom seen that such a structural triangle invalidates to the downside nevertheless it is important to keep patient till the triangle finally completes. Mainly the upcoming breakout can be traded either aggressively with immediate entry or conservative with an entry after confirmation, although the aggressive entry is also possible the conservative one will be much smarter. It will be an interesting development ahead. In this manner, thank you for watching my analysis about Alibaba and the current descending-triangle-formation forming that has the potential for a bullish breakout, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
NYSE:BABA
by VincePrince
8
BNBUSD, Triangle, Two Scenarios, Bullish One More Likely!Hello Traders Investors And Community, Welcome to my analysis about BNBUSD, in this analysis, I will look at the 12-hour timeframe perspectives. As I recently discovered BNBUSD is trading in a very decisive formational structure in which the price action forms a consolidation period, such formations have the characteristic to show up with a determined heavy volatile breakout either to the up or downside sooner or later when the price-action is ready to complete the formation. Furthermore, I detected two main potential scenarios that are important here, both differ from one another and need to be looked at differently especially when the final validations set place, therefore I discovered all meaningful levels and scenarios we should consider here with BNBUSD. Structural Developments: As when looking at my chart here we can watch how BNBUSD now developed this main triangle-formation marked in blue within the structure, it also has this ascending-channel-formation marking the upper range-boundary and the lower range-boundary with the dashed grey trendlines. In the triangle now BNBUSD has the coherent wave-count with the waves A to C almost already completed and now BNBUSD is moving on with the wave D in the structure that is forming with the minor waves directly appointing the upper-boundary of the triangle from where a pullback is likely to emerge which then will be the origin of the wave E that will test the lower boundary of the formation. Upcoming Perspectives: Taking all these factors into the consideration now BNBUSD will likely complete the wave-count within the triangle in the upcoming times, after that comes the crucial part because the final confirmation either to the up or downside will settle. As for now the bullish scenario has a higher possibility by 65% and should be expected, this will happen when BNBUSD moves above the upper boundary of the triangle and sets up to continue further bullishly. Otherwise when this does not happen the bearish case can emerge by a 35% possibility this will lead to a wave-E-extension below the lower boundary. However these possibilities can change also again therefore it is necessary to keep patient for the final confirmations, it will be an important development ahead. In this manner, thank you for watching my analysis about BNBUSD and its current triangle-formation with the likely scenarios that should be expected to emerge in the next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
BINANCE:BNBUSD
by VincePrince
3
Bitcoin, Channel Breakout Emerges When This Scenario Validates!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. As already mentioned in previous analysis Bitcoin has a higher potential possibility given to move on testing important remaining resistance-zones that rely in the structure. In this case now on the more local timeframe perspective I discovered an interesting structure forming here from which Bitcoin has the ability to build up and validate this scenario as the bearish scenario possibility is still there however it is definitely smaller than the bullish scenario possibility. Therefore I detected the important levels and what we should consider with Bitcoin within the upcoming times. Structural Developments: As when looking at my chart we can watch there how Bitcoin has formed this massive descending-channel-formation marked in my chart with the blue boundaries. Within this channel Bitcoin recently bounced in the lower boundary and is now forming this neutral decision-zone between the upper and the lower boundary from where it will form a breakout sooner or later. Basically, there are two possible scenarios for a breakout, the first is that Bitcoin increases with demand in the structure and manages a breakout to the upside leading into the bullish-development-zone and the second is Bitcoin continuation with bearish pressure moving into the bearish-continuation-zone, as the market is oversold now the bullish case has a higher possibility by 60%. Upcoming Perspectives: Now as a bullish breakout has somewhat of a higher possibility this does not mean that as a trader we should just rush into the market and expect the wishful scenario to happen, in these cases, it is always important to keep patient and wait for the right confirmation before moving into the market. Bearing this in mind it is necessary to elevate either the bullish breakout with a final close above the upper boundary or the bearish breakout with the close below the local ascending-trend line which is within the descending channel. After these assumptions have been made the further determinations can be objected and planning in this direction can happen appropriately. It will be an important development ahead. In this manner, thank you for watching my analysis about BITCOIN and its current channel structure with the likely scenarios to expect in the upcoming times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! Information is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
25
CADUSD, Pullbacks In The Channel, Further Declines Likely!Hello Traders Investors And Community, Welcome to this analysis about CADUSD, we are looking at the 4-hour timeframe perspectives. CADUSD as in recent times showed up with heavy bearish declines to the downside has developed an important formational structure from where further determinations to the downside are likely given that should not be underestimated here, therefore I detected all the important levels and likely destinies that we should consider with CADUSD and its upcoming movements. As when looking at my chart we can watch there how CADUSD now developed this massive descending-channel-formation with the coherent wave-count in the channel and the wave A almost already completed. Now CADUSD is about to form the wave B in the structure that is moving directly into the upper-boundary and the resistance-cluster lying there marked in red where several resistances coming together and therefore it is highly likely that when CADUSD moves into this cluster a pullback will follow. When the high possible pullback emerges from the upper resistance-cluster this will be the origin of the wave C to the downside which will complete the whole wave-count and test the main lower considerable back-up-zone marked in blue in my chart. When CADUSD approaches this zone it can be a potential solid stabilization from where CADUSD has the ability to back-up when the demand increases, this can also lead to a channel breakout however it needs to be shown firstly how CADUSD moves into these zones. For now, wave C and further pullbacks should be expected as the resistance lying within the structure is just too strong to keep by side here. Bearing this in mind we need to be prepared for these upcoming volatilities to do not get overwhelmed when they exaggerate in the structure this is always necessary as the market can shift more quickly than previously expected. In this manner, thank you for watching the analysis, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! “The high destiny of the market is to explicate, rather than to speculate.” Information is only educational and should not be used to take action in the market.
by VincePrince
6
LINKUSD, Potential Channel-Breakout, How It Finally Completes!Hello Traders Investors And Community, Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspectives. LINKUSD recently managed to bounce from the 15 USD level and formed some initial upthrusts in the structure besides that I discovered an important formation that LINKUSD is forming here which has the potentials to complete with a breakout in the upcoming times, therefore I detected the meaningful levels and what we should expect in the upcoming times. As when looking at my chart now we can watch there how LINKUSD has formed this main descending-channel-formation in the structure with the coherent wave-count and the waves A to E almost already all completed. With the recent bounce from around the 15 USD zone LINKUSD manages to mark above the 20-EMA in red and is also holding above the steeper ascending-trend-line marked in dashed grey. There is a considerably higher possibility given that LINKUSD builds up further above this structure and also finally mark above the 65-EMA to form the final breakout above the upper-boundary of the channel. Such a price-action will complete the whole descending-channel-formation and activate the further continuations in the structure with the determined setup as it is shown in my chart, a likely target zone will then be the 26.5 level. For now it will be important on how LINKUSD manages to build up in the descending-channel and how it holds the steeper ascending-trend-line, this is very important because when LINKUSD does not hold the trendline the bullish breakout can also firstly invalidate when LINKUSD moves below this trendline, therefore it is inevitable that LINKUSD manages to increase with bullishness above these preliminary important zones till the breakout can settle. In this manner, thank you for watching the analysis, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! “Good luck is when opportunity meets preparation.” Information is only educational and should not be used to take action in the market.
COINBASE:LINKUSD
by VincePrince
3
Bitcoin, Local Bull-Flag-Formation, Upcoming Perspectives!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the hourly timeframe perspectives. As already mentioned in the previous analysis Bitcoin on the more global perspectives has developed this main descending-channel-formation in which it is likely to follow up with the testing of the upper boundary, if you did not see this analysis already I highly recommend it to watch as this one is building coherently upon it. As when looking at my chart now we can watch there how Bitcoin has developed this initial channel-formation on the hourly timeframe perspectives. Within this channel Bitcoin has the coherent wave-count and the waves A to B already completed within this channel, the next minor wave C remains which will complete the wave-count within the channel, this development will also be part of the major wave-count therefore the minor wave-count will form the major wave B in the structure. Basically, there are two potential zones in which Bitcoin can bounce here, firstly it is the 25-EMA in red and the 100-EMA in green or Bitcoin bounces within the lower boundary. When Bitcoin then manages to breakout above the upper boundary of the channel it will complete the formation as a bull flag and activate upside targets marked in my chart in blue within the 38300 levels that will be pointed in the upcoming times after confirmation. Taking all these factors into consideration now it will be the smartest to wait on the final validation when Bitcoin shows up with the breakout above the upper boundary, this is a better option compared to just rushing into the market as it is seen often these times. After the formation completed and Bitcoin moves into the suspected target zone it needs to be elevated how it reacts to it and if there comes a continuation of bullishness or Bitcoin firstly pulls back which is not unlikely in this case. In this manner, thank you for watching the analysis, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! “The greatest enlightenment comes, when the market realizes its infinite nature.” Information is only educational and should not be used to take action in the market.
BYBIT:BTCUSD.P
by VincePrince
7
AUDUSD, Descending-Wedge-Formation, How It Can Complete!Hello Traders Investors And Community, Welcome to this analysis about AUDUSD, we are looking at the 12-hour timeframe perspectives. AUDUSD is developing some interesting price-actions in recent times as it is holding above the 0.745 level. Besides that, I discovered the main descending-wedge-formation forming here which is on most occasions a bullish reversal formation that can lead to a determined breakout. In this case, AUDUSD has the coherent wave-count within the formation and the waves A to C almost already completed. Now as AUDUSD approaches the lower boundary this is likely to be the origin of the wave D to the upside which will approach the upper-boundary anew continuing with the wave-count and finalization of it with the wave E that will move into the confirmational-bounce-cluster in blue from where a bounce is likely to settle and when this bounce finally moves above the upper-boundary it will be the confirmation of the wedge and activation of upside targets when these are reached the situation needs to be elevated anew. For now, it will be important to elevate how AUDUSD continues in the wedge and possibly completes it ahead of upcoming times, it will be an interesting development. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
6
Ethereum, This Formation Can Be Source Of A Dedicated Reversal!Hello Traders Investors And Community, Welcome to this analysis about Ethereum, we are looking at the 6-hour timeframe perspectives. Ethereum since the main bearish downtrend with exaggerated bearish volatility has found some support in the range above the 1600 level, however, did not yet convert this into a sufficient reversal. As I discovered now Ethereum is building a decisive major formation that has the ability to show up with a determined reversal and therefore activation of continuations and approaching of higher zones in the structure. Therefore it is necessary to keep patient for the final confirmations before rushing into set conclusions as such a formation can also invalidate again. Structural Developments: As when looking at my chart we can watch there how Ethereum has established this main descending-triangle-formation with the coherent wave-count within and the waves A to C almost already completed. Now with Ethereum bouncing within the lower-boundary, this is the likely origin for the wave D in the structure moving to test the upper remaining resistance-cluster marked in red where several resistances coming together and therefore are the main source for the final wave E to the downside which will continue and approach the lower levels especially the dedicated confirmational-bounce-cluster marked in blue and when Ethereum manages to bounce in this cluster this can lead to a breakout and completion of the formation. Upcoming Determinations: Taking all these factors into the consideration now it will be important on how Ethereum continues with the wave-count in the formation here upcoming times. When this wave-count continues and completes as suggested and expected the formation finally completes when Ethereum bounces in the confirmational bounce cluster and closes above the upper boundary. Such a price-action will activate the target zone at around the 2900 level from where the situation needs to be elevated anew. For now, it will be important on how Ethereum continues with the wave-count and especially how it manages to complete this paramount formation to show up with further conclusions, it will be an interesting journey ahead. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
15
Bitcoin, Test Of The Descending-Channel Upper-Boundary Incoming!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 4-hour timeframe perspectives. Bitcoin for a longer time now remains in this lower range which I mentioned already before can be a potential preliminary bottom in the structure from where Bitcoin has the ability to build up. As I discovered now Bitcoin has completed some interesting price-actions form where it has the ability to show up with further volatility in the structure firstly testing remaining resistances and important levels of the formation. Structural Developments: As when looking at my chart we can watch there how Bitcoin has developed this main descending-channel-formation in its structure with the boundaries marked in black. Within this formation, Bitcoin has the coherent wave-count from A to E almost already completed within the schedule and now bounced initially in the lower boundary firstly moving on to test the 35-EMA in the structure marked in green. What Bitcoin has done here mainly, is showing up with an initial base from where it can move on to test the upper remaining zones especially as Bitcoin has developed this swift price-action after moving below the 29750 levels this converted into a reliable bear-trap which can be the source of great ongoing volatilities ahead of next times. Upcoming Determinations: Taking all these factors into the consideration, what will be likely here in the upcoming times is Bitcoin developing the upthrust price-action as expected and moving on to test this main distribution-zone marked in my chart in blue. Actually, this will be crucial as the dynamics after this will be decisive with Bitcoin either pulling back or moving through this level immediate, what is more, possible in this case then is that Bitcoin firstly pulls back in the structure testing lower levels in the channel before stabilizing and backing up to continue with the previously developed dynamics. For now, it will be important to elevate how strong Bitcoin approaches these zones and how it develops after this, it will be an interesting journey ahead. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
20
BTCs Magic Mining-Difficulty-Cycles And The Current One!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin in which I want to look at the weekly timeframe and as I recently discovered Bitcoin not only has the underlying halving-cycles that determine important price-action-patterns in the market but also the main mining-difficulty-cycle which is repeating every 200000 blocks when the mining difficulty reaches its peaks. There is a very precise similarity within these cycles with some deviations and compared to the current situation Bitcoin is in the middle of this repeating cycle. As I discovered there are simultaneous processes within Bitcoins price-action and the rising mining-difficulty which is always set to 0 after 200000 blocks are mined, together with this there is also a present correlation with the historical halvings. The Mining-Difficulty-Cycle-Phases: As seen already in the past with the developed mining-difficulty-cycles marked in my chart with the letters A and B there are three main phases in which the mining-difficulty-cycle can be separated. The first is the accumulation phase reaching from the blocks mined 0 to the average blocks mined of 65000, in this phase the price-action remains in this lower channel of the major price-action-cycle, in this lower channel Bitcoin accumulates before the further phase establishes. The second phase is the expansion phase and what is amazing here is that the historical halvings actually mark the starting of this phase at around 65000 blocks mined, in this phase, the bullish price-actions heavily expand and new highs establish with increased volume and volatility to the upside. The last phase then is the contraction-phase in which a new peak is established at around 135000 blocks mined before a markdown begins and bearish price-action settles till the total blocks mined reaches the total 200000 which also marked the main bottoms in 2015 and 2018 before the mining-difficulty set to 0 and the cycle repeats. Mining-Difficulty-Cycles Separated and Fractaled: - In this chart above are the three mining-difficulty-cycles displayed in separated and fractal windows. It shows the similarity within the two already completed cycles with the phases in the market-cycles similar to the actual bitcoins mined and mining difficulty. In the third cycle is also shown how the historical halving event affected the cycle and as for now, the current cycle is also repeating similarly to the previous ones. There are now around 50000 blocks of bitcoin remaining till the cycle theoretically ends. Comparison To The Current Mining-Difficulty-Cycle And Upcoming Perspectives: Taking all these factors into consideration now there is a clear underlying mining-difficulty-cycle in which the number of bitcoin blocks mined determines the current market-trend-phase and how further developments establish. In the current mining-difficulty-cycle, there are around 135000 blocks already mined and Bitcoin so far followed the magic patterns of the previous cycles with the accumulation phase and the expansion phase triggered by the halving. This means that when the block amount mined further increases the cycle will come to an end and also the price-action can develop in terms of a potential change in direction. When looking at the mining-difficulty-cycles of the past it is likely that the actual contraction phase already set in and the peak was reached, on the other side there is the possibility given that there comes a last upthrust before the cycle moves into the contraction phase however this does not necessarily need to happen as the blocks mined amount already reached the average peak amount of the previous cycles. Therefore the possibility that Bitcoin is already in the contraction phase and that there is more to come should not be underestimated especially after the heavy sell-outs the empirical contraction-phase similarly to the past cycles could be given already. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
43
USD Index, Develops Triangle, Bearish-Breakout More Likely!Hello Traders Investors And Community, Welcome to this analysis about the DXY also known as USD Index, we are looking at the daily timeframe perspectives. The index recently has shown up with some interesting developments as after the downside price-action the index managed to hold the level above 89.50 and as I discovered now is forming this preliminary triangle-formation above this zone. The triangle has also a coherent wave-count within with the waves A to C almost already completed and as the index now approaches the upper-boundary in which still strong resistances is lying also combined with the 200-EMA resistance this is likely an origin for the wave D to the downside which will move into the lower-boundary from where the wave E then will move on and mainly complete the whole wave-count within the triangle. After this is done the final confirmations will show up and for now, it has to be marked that the bearish breakout has a higher possibility by 65% compared to the bullish one with a 35%. Nevertheless, it is necessary to wait for the final confirmations with either the bullish breakout above the upper boundary or the bearish below the lower before rushing into final conclusions. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
TVC:DXY
by VincePrince
5
Cardano, Approaches Decisive Zone In The Descending-Channel!Hello Traders Investors And Community, Welcome to this analysis about Cardano, we are looking at the 12-hour timeframe perspectives. Cardano in recent times in the more local perspectives has shown up with these bearish developments and besides that as I discovered is moving within this preliminary descending-channel-formation with the coherent wave-count within the formation and the waves A and B already completed. Now Cardano is about to form the main wave C in the structure that is approaching directly into the lower boundary and the dynamic accumulation zone within there marked in my chart in blue. It will be important to elevate how Cardano approaches this zone because when there comes a sustainable bounce in this zone this can possibly lead to a channel breakout above the upper boundary. Otherwise when this does not happen Cardano will continue bearishly below. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
BITTREX:ADAUSD
by VincePrince
10
GBPUSD, Developments In Channel, Wave To The Upside Incoming!Hello Traders Investors And Community, Welcome to this analysis about GBPUSD, we are looking at the 12-hour timeframe perspectives. GBPUSD in the last times is showing increased volatility within the structure between 1.37 and 1.425 level and as I discovered now is forming some quite interesting developments in the structure that can lead to an upside breakout to the up or downside sooner or later before that however the consolidation structure is firstly likely to move on till this final breakout can emerge. Therefore I detected the structural developments, the meaningful zones, and what we can expect. Structural Developments: As when looking at my chart we can watch there how GBPUSD has formed this main ascending-channel-formation within the structure. Besides that GBPUSD has the coherent wave-count within the channel with the waves A to D already completed and recently the wave D moving into the lower boundary of the channel again in which GBPUSD has still some solid supports lying together with the 260-EMA in red as well as 200-EMA in green. GBPUSD already bounced within this lower-boundary structure and showed some good volumes that can be the origin for further continuation and the wave E to form ahead in coming times. Upcoming Determinations: Taking all these factors into consideration GBPUSD is likely to continue with the wave E development the next time. This wave E will move on to test the upper ranges and especially the upper target zone which is also a dynamic distribution zone. The crucial part then will come with GBPUSD either staying in this upper range level or firstly pulling back, both directions can convert into an upside or downside breakout and for now, it is necessary to keep patient and elevate how GBPUSD approach this upper-boundary target zone to continue after that before rushing into final conclusions, it will be an interesting development ahead. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
7
AAPL, Triangleformation Developing, Upside Breakout More Likely!Hello Traders Investors And Community, Welcome to this analysis about AAPL, we are looking at the 6-hour timeframe perspectives. As already mentioned in previous analysis the SPX is forming a more bearish constellation however this does not mean the market is completely bearish as it is the case like most often times there are pairs in the market that forming some interesting formational structures with the ability for potential upcoming next times. In this case, I discovered an interesting formation with AAPL recently forming that has some solid possibilities to show up with a determined breakout in the next times. Therefore it is necessary that AAPL shows up with the right price-actions to fully emerge and confirm this possible breakout. Strucural Developments: As when looking at my chart now we can watch there how AAPL developed this main triangle-formation in the structure and what is important here is that it is forming above the point-of-control marked with the red line this is an important support zone here and as already shown the triangles wave-count bounced several times strongly with the ending of the waves A and C. When the wave-count within completes this will happen with the final wave E from where AAPL has the ability to finally show up with the breakout which has a more likely possibility by 75% to the upside. Upcoming Determinations: Taking all these factors into consideration AAPL will likely show up with the upside-breakout sooner or later and this upside-breakout finally confirms with a clear close above the upper boundary of the triangle which will activate the upside targets in the structure lying at the 150 level marked in blue. When AAPL approaches this zone it has to be elevated if the pair has the ability to continue further bullishly right away or firstly forms a reversal which is more likely. The whole breakout can be traded either aggressively with an immediate entry in the formation or conservative with entry after the breakout has shown up, although the aggressive variant is also possible here the conservative is much better as it will show up with the higher possible setup. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
NASDAQ:AAPL
by VincePrince
10
XRP, This Formational Structure Can Fetch A Determined Breakout!Hello Traders Investors And Community, Welcome to this analysis about XRPUSD, we are looking at the weekly timeframe perspectives. As XRPUSD has shown up with these bearish pullbacks after marking the high at the 1.8 level I discovered some interesting formational structures XRPUSD has developed here that can lead to determining breakouts ahead in the upcoming times. Therefore it is necessary to elevate what is possible and what not and especially to keep patient for the final completion of the formational structure. When this happens and the formation completes it can lead to some great developments ahead in the upcoming times, it will be an interesting development. Structural Developments: As when looking at my chart we can watch there how XRPUSD has this major horizontal support marked in blue within the 0.654 level in which it already bounced several times in past price action and now recently already done similarly. Furthermore, XRPUSD has established this massive descending-wedge-formation which in almost most occasions is a bullish reversal-formation that when completed can lead to determining breakouts and continuation-movements. A good sign is also that XRPUSD is holding above the 35-EMA in red here from where it has the ability to build up especially combined with the lower boundary of the wedge-formation and the horizontal support this is building a solid base. Upcoming Determinations: Taking all these factors into consideration now XRPUSD is in a structure in which some great potentials lying. In this case, now it is necessary that XRPUSD shows up with the right price-actions ahead of the upcoming times. Therefore, to complete the formation finally XRPUSD needs to breakout above the upper-boundary of the wedge-formation and close there which will confirm the formation finally and will be the setup for further continuations to the upside. It has to be noted that this formation can also invalidate when XRPUSD increases bearishness and pushes below the given support however as the support-structures here are just too strong this is an unlikely scenario to elevate. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
10
Bitcoin, Main Upper-Resistance Awaiting To Be Tested!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin in which we will look at the daily timeframe perspectives. Bitcoin moved into a decisive zone where the final conclusions still awaiting. In this structure, there are some important signs I detected that will be determining factors in the upcoming times. Structural Developments: Bitcoin now severely tested the 30.000 USD level as support and still bounced from this zone however it is also an important bullish reference zone to hold because with a breakout below this zone Bitcoin will likely see lower values in the upcoming times. Now as this support is still holding and Bitcoin remains in this correctional shape it is likely that a bounce to the upside from this zone can show up that will firstly move above the established range and its resistance at the 40200 to 40900 level to move up higher from there and test further levels which will be crucial as already mentioned in previous analysis Bitcoin still has strong resistances lying in these zones which will likely show up with a pullback when moved into. Upcoming Determinations: Taking all these factors into the consideration now it will be important to elevate how Bitcoin approaches further here from the structure especially from the established initial support base. When Bitcoin continues to build up and manages to sustainably develop above the 37800 levels this will be the origin for the further continuations, however, when Bitcoin moves on the main resistance-cluster marked in red will be tested before the pullback will establish. The main question after that is how Bitcoin approaches the lower zones of support again so especially this ascending-trend-line from where it now bounced these several times. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! "The high destiny of the market is to explicate rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
11
S&P 500, Ascending-Triangle, Pullbacks Incoming When Completed!Hello Traders Investors And Community, Welcome to this analysis about the S&P 500 Index, we are looking at the 4-hour timeframe perspectives. It is important to note that the index struggles in the recent uptrend to develop further and make new sustainable highs in the structure besides that inflation-adjusted earnings fell to pre-corona-crash conditions which can also be a factor for the incoming pullbacks awaited here. Currently, the bearish perspectives should not be kept by side for the index and as I discovered how it is forming also a decisive formation that when completed will lie ground for bearish developments and volatilities to the downside. Structural Developments: Technically speaking as when looking at my chart now we can watch there the index developing this main ascending-triangle-formation with the coherent wave-count within and the waves from A to D already completed. Such a formation is in the vast majority of times a formation that indicates a bearish reversal to the downside and is also likely to happen here now. Also, the index has a major resistance in the structure marked in my chart in red within the 4250 levels from where a pullback is highly likely to develop when the index moves into this zone. Currently, the index still holds above the 100-EMA however when the index closes below this EMA it will also be the additional confirmation of the bearish continuations. Upcoming Determinations: Taking all these factors into consideration the formation has a very high possibility to complete within the next times, therefore the index must not necessarily travel to the upper resistance and complete the wave-count there, it is also possible that the index stays below and from there completes the wave-count with the final breakout below the boundary incoming. What is the decisive factor, in this case, is the final confirmation below the lower boundary and when this happens it will be the origin for the bearish continuations and protraction to the downside till the lower levels of initial support marked in blue are reached. As traders, we should come to the conclusion and properly devise on this upcoming volatilities. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! "The true trading challenge is to perform well when market conditions reverse." Information provided is only educational and should not be used to take action in the markets.
TVC:SPX
by VincePrince
8
Ethereum, The Main Head-Shoulder And Its Upcoming Scenarios!Hello Traders Investors And Community, Welcome to this analysis about Ethereum, we are looking at the 4-day timeframe perspectives. Ethereum in recent times has started to develop a major formation which will be the decisive formation in the upcoming times, it is a head-and-shoulder-formation as already mentioned in the previous analysis. Mainly Ethereum is in a decisive situation as the bearish pullbacks that emerged were just to strong to keep from the desk however there is also a potential given that Ethereum stabilizes here and possibly starts a new bullish development from this point, in any case, it is necessary to keep patient and elevate the final confirmation in either direction before rushing into final conclusions, therefore I detected all the important levels and determinations. Structural Developments: As when looking at my chart we can watch there this massive head-and-shoulder-formation Ethereum is developing here with the neckline marked in blue and the left shoulder as well as head almost already completed. For now, Ethereum is about to form the right shoulder in the structure and what is significant to assess here is that Ethereum already moved below the 20-EMA marked in red in this structure which is normally a bearish sign and should not be underestimated. Within this right shoulder forming Ethereum is developing this symmetrical triangle which will be a factor for a breakout either to the up or downside in the upcoming times and the further aligned determinations. Upcoming Determinations: Taking all these factors into the consideration it will be meaningful on how Ethereum continues here further, likely is that Ethereum moves on with the development in the symmetrical triangle before the decisive breakout sets up. Overall there are two potential scenarios given, the first one is the bullish scenario which confirms when Ethereum has the ability to increase demand and finally breakout above this descending-trend-line otherwise there is the bearish scenario which will show up when Ethereum does not manages to maintain serious bullishness and therefore finally closes below the neckline into the bearish-confirmation-zone lying ground for the bearish continuations to the downside, these are the two main scenarios important in upcoming times. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
12
CAUTION! This FRACTAL Can Shift BTC In A New Bear-Market Again!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the weekly timeframe perspectives. It is always necessary when participating in financial markets such as Bitcoin to elevate what is possible and what is not possible. Besides that when dynamics tend to change and a new direction can emerge it is important to rightly prepare on these possibilities to do exclude others when further developments tend to follow into this direction. In this case, I discovered a highly important fractal that already completed three times and all three times was the origin of bear-markets and heavy bearish establishments to the downside. At the moment and with the recent developments Bitcoin has started to form this fractal again and therefore the possibility of the further finalization of this fractal structure should not be kept by side. Fractal Phases Till The Final Bearish Mark-Down: The fractal is mainly divided into four phases reaching from A to D till the final bearish confirmation has shown up. These phases remained in all three past fractals the same as it is shown in my chart. In the phase, A Bitcoin forms a new preliminary high with widespread and volume before first pullbacks move into and bearishness initially is the source of a pullback. In phase B the previously established pullback continues and Bitcoin moves on to test the crucial 55-EMA in the structure marked in red in my chart. In phase C the 55-EMA firstly holds and Bitcoins shows up with somewhat of a weak rally that moves directly into the 61.8% Fibonacci-Retracement where Bitcoin rejects and pulls back to move on testing the 55-EMA anew, in this phase the 61.8% Fibonacci-rejection marked already a significant turning point. The final phase then happens with phase D as Bitcoin has not the ability anymore to hold the 55-EMA sufficiently and in case that falls below it which marks further bearish continuations to the downside and the final bear-market signal. Comparison To The Current Structure And What Are Important Factors Upcoming: In consideration of this crucial fractal structure and in comparison to the developments shown up within the last weeks Bitcoin already initiated phase A by pulling back from the 64000 USD level to show up with these bearish developments exactly like it was already seen in the fractals before and now Bitcoin already moved on to test the 55-EMA in the structure where it somewhat bounced weakly. What would follow up in the structure now is phase C in which Bitcoin moves on to the 61.8% Fibonacci-retracement and gets rejected which is not unlikely in this case and can happen within the next times as Bitcoin is not showing really bullish strength here. When this phase C possibly shows up in the next times and Bitcoin gets rejected from the Fibonacci-level the phase D is not far away, in this case, it is the same as within the previous fractals already completed when Bitcoin finally closes below the 55-EMA this will be the final confirmation and origin for the bear-market markdowns as already seen before. In this manner, as shown up now Bitcoin is in a highly decisive situation where it is important to elevate how Bitcoin develops here, as the two main phases already set-up it should not be kept from the desk that the further phases can develop samely as it was already seen with the previous fractals. In fact, Bitcoin already showed bullish weakening developments and not yet has confirmed an increased bullish stabilization which can lead to further highs. Therefore it will be necessary how Bitcoin develops further here in the next times and especially how it approaches the main 61.8% Fibonacci-retracement which can be the determining factor here. As traders, it is best to prepare on such changing conditions to when they happen take proper action accordingly. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day as well as weekend, and all the best to you! "The past is a reasonable template for present and future occurences." Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
38
Cardano, Builds Potential Inverse H-S, How It Finally Completes!Hello Traders Investors And Community, Welcome to this analysis about Cardano, we are looking at the 2-hour timeframe perspectives. Cardano in recent times managed to hold its structure above this ascending dashed trend-line and bounce there within to move on with the development of this main potential inverse head-and-shoulder-formation with the left shoulder and the head already formed. Now the right shoulder remains in which Cardano can bounce from this dynamic confirmational-bounce-cluster marked in orange which is also necessary to look forward to the completion of the head-and-shoulder-formation. When Cardano has the ability to bounce in the structure and finally move above the upper boundary it will be the validation of the formation and activation of higher targets with further continuations. For now, it is necessary to wait and see how this important formation can finally complete. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you! "Good luck is when opportunity meets preparation." Information provided is only educational and should not be used to take action in the markets.
COINBASE:ADAUSD
by VincePrince
6
LINKUSD, Substantial Breakout When This Formation Completes!Hello Traders Investors And Community, Welcome to this analysis about LINKUSD, we are looking at the 4-hour timeframe perspectives. LINKUSD managed to hold above the 20 USD level and bounce severely in this zone to the upside, besides that LINKUSD has now developed this decisive descending-triangle-formation with the coherent wave-count within almost already completed. As LINKUSD now tests the upper-boundary of the triangle this can lead to a determined breakout when demand increases further and when it happens with LINKUSD finally closing above the upper-boundary as shown in my chart this will be the confirmation of the triangle-formation and will activate the upside-targets and the main wave C in the major wave-count from where the situation needs to be elevated anew. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you! "Traduíng effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
COINBASE:LINKUSD
by VincePrince
6
Ethereum, Decisive Channel-Formation, Main Upcoming Conclusions!Hello Traders Investors And Community, Welcome to this analysis about Ethereum, we are looking at the 12-hour timeframe perspectives. There are some important things I discovered Ethereum forms in this structure here that need to be perceived. Since Ethereum moved on with the bearish alignments it has formed this main ascending-channel-formation with the coherent wave-count within and the wave E remaining that will likely run directly into the remaining upper resistance-cluster as shown in my chart after that this highly decisive pullback will lead to Ethereum testing the lower boundary and the main decision-zone within there marked in orange in my chart from where final determinations will show up either with Ethereum bouncing in this level after which the ability is given for further stabilization in the channel or with Ethereum closing below the lower boundary which will complete the whole channel as a bear-flag. As Ethereum needs to show more developments it is necessary to elevate how this moves on before overspeculating the market into a one-sighted direction. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
BYBIT:ETHUSD.P
by VincePrince
8
Bitcoin, Massive Triangle-Formation, Upcoming Determinations!Hello Traders Investors And Community, Welcome to this analysis about Bitcoin, we are looking at the 12-hour timeframe perspectives. As already mentioned in the former analysis Bitcoin managed the breakout above the upper boundary of its descending channel and is now setting up for a continuation in this manner above the descending dashed trend lines seen in my chart. Taking this into consideration Bitcoin will form the major wave B in the structure that will run directly into the remaining upper-resistance cluster marked in blue from where a pullback is highly likely and should be expected. This pullback then will be the origin of wave C in the wave-count finalizing it and moving into the lower decision-cluster marked in orange from where the final conclusions will show up either with a bullish or bearish breakout. For now, the bullish breakout has a higher possibility of 65% compared to the bearish however it is necessary to elevate how Bitcoin develops further here before rushing into final terminations as the possibilities can change also again. In this manner, thank you everybody for watching, support the idea with a like and follow or comment, have a good day, and all the best to you! "There are many roads to prosperity, but one must be taken." Information provided is only educational and should not be used to take action in the markets.
BYBIT:BTCUSD.P
by VincePrince
7