EGLD/USD latest updateA correction of a smaller degree is about to end in EGLD/USD once the ascending triangle ends, forming the wave E on the downside.
We should see an upside soon after. I believe that, on a bigger degree, we have a bigger impulsive Wave 1 forming on the upside, after which a correction inevitably will follow.
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Wave-4
S&P 500 Wave Analysis.
As for wave deep analysis for FX:SPX500 we have the following:
Monthly wave:
s3.tradingview.com
We are currently at exact middle of the wave and bounced pretty hard from it.
Also this is our first monthly pullback to the wave since 2020.
Watch for lower timeframes before entering trades. Our monthly targets for long would be 5450 if we continue growing to the upside.
Weekly wave:
s3.tradingview.com
We switched trend to downside, after pullback we did reached our targets and currently in their zone, that means upcoming week we can get a movement back to the wave, before continue movement downwards.
Daily wave:
s3.tradingview.com
We did hit support level at 3893 area, being our targets also on weekly timeframe, it played cool as a support showing us possible pullback to the wave as well.
4hr wave:
s3.tradingview.com
Despite being at targets at higher timeframes, we still have space to go lower for targets at 4hr timeframe.
Having interesting two last days of the last week tells us about more action coming this week, as we ended bringing price right back up to the 4hr wave, with nice pullback after being over extended at 30min and extended at 4hr.
30m wave:
s3.tradingview.com
As for 30 min, we have a support area being broken and becoming a resistance.
Trend downside, then it got a retest few times
Now we have to wait for signals and confirmation from VSA as well as from Wavez and we are ready to trade it.
Conclusion
We have a strong support a monthly trend wave, but as we havent touched it since 2020 it should be broken.
From weekly to 4hr we have downside trend reaching targets, whose, probable will continue being reached.
Possible market movement this week: Short.
PM me for more deep analysis, help with trade and more ideas.
IHSG WEEKLY ELLIOT WAVE PREDICT IHSG will have an ABC Correction after the 5 impulsive movement done (eliot wave theory). So hold up and keep money FRESH and Buy the stocks (bluechip) when the IHSG doing the ABC correction.
Maybe Arround 6700 we can SLOWLY buy our value stocks. For me the Banking Sector is the best choice like BBRI BBCA BBNI BMRI.
Disclaimer On
[ALTCOIN] WAVEUSDT TREND LINE ANALYSISHello, everyone
We're a team that specializes in chart analysis
We will always analyze and provide you with charts to help you sell
There are so many trading laws and there are so many good technologies that come with them, but I'm confident that the trend line is really strong.
If you read the point of view and get to know the line, every line will adjust
Thank you.
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Chart Analysis Content -
It is a very dangerous coin.
It is very similar to Luna Coin's personality.
If you want to invest in this coin, let's see when the candle reaches 8.35.
And you can think of long or shot.
PSLV silver ETVNot much else to say except
a buy zone near 3200 and .382 chosen from %
Target for $PSLV is 31$ ....
Sprott etv's are heavily weighted to the price of silver, which for decades has been accumulating in extremely complex impulses and wxyxz corrections.
The book that I learned wave principle from contained a late 1970's prediction based on the massive abcdefgh...... triangle that had been forming
a failure to break the green 200ma would be my indication that it's actually time for silver.
None of this has to do with anything you think you heard anywhere else about silver. You don't need to know any of it to understand that any chart can be traded 100% on technical analysis on any time frame... The price of silver has hardly ever spent time over 15$ in its lifespan, and expect it to stay at this price level for an extremely long time in order for these patterns to complete
Bitcoin could be at the end of the correction cycleThe current correction looks very similar to an Expanded Flat Correction originating from Elliot Waves theory. A marginal higher high (69k) followed by a leg down that breaks the previous low (30K). EW theory expects the last wave in the Expanded Flat Correction to be a motive wave (5 waves) structure. Completion is typically at the 100% and 123.6% extension of wave A projected from the end of wave B.
The 100% target lies at 33k which caused the initial bounce to 48k, but lacked follow-through and ended up with a bear flag-like structure.
The bear flag broke down and is now heading towards the 123.6% extension. Price bounced just before it. This could be a very bullish signal, but I think this is just the 4th wave bounce. This 4th wave has room to go up to around 33k. After that, I expect to see one last wave (5 of 5) that will barely make a new low and touch the 123.6% target at 25.0275. In very bullish cases, it could fail to make a new low.
Conclusion: according to this perspective buying between 25k to 30k looks like a great entry for the next wave up
Happy trading!
Sources:
1. Expanded Flat Correction (EW). elliottwave-forecast.com
WAVE Up or Down on this Weekly Support? WAVE revisited an important weekly support formed. Where this can be supporting for another major bull trend with a nice reversal or if the sell off remains stronger then we will see a clean breakout on this support formed which can drag the prices for WAVE further downside.
Pick up that COIN when it hits da floorWhen a coin drops it is merely instinctual to pick it right up, thats money we're talking about, can't leave it on the floor...
Using a term I coined, harmonic wolfekraft, I have obtained the following scenario for COIN.
Summary
- Look for a bounce around 135 this week (4/18-4/20 range most likely). The bounce zone is 130-140. If it drops below that we might have a bigger problem on our hands and it could drop as low as 92. More likely to bounce in zone though.
- Initial target of 166 by around 4/25 (before the Apr 29 expiry)
- Intermediate target of 227 -240 by mid-June (the 227 is actually possible by 6/2 )
- Max Target by 6/24 is 350s - this is theoretically possible, but not statistically plausible... the time-series adj. target by 6/24 is 288.
Explaination :
- The bigger picture is that COIN is working toward completing a larger bearish harmonic, with the X at its ATH right after its IPO, the C is TBD but I used logic from the nested smaller harmonics within, levels from wolfe waves, proprietary control charts, and MMM by how options are currently priced to determine a bounce zone/bottom likely in the 130-140 range (worth watching closely this week).
- Within the AB of the larger developing harmonic, COIN completed a nested bearish Crab within a bearish deep crab back on 5/12/'21 - 11/9/'21. From there it started downside to the larger C.
- There is a new nested bearish harmonic development that aligns with a bottoming around 135. A bounce from around 135 would setup for a potential completion of a nested Bearish A Butterfly within a slightly larger Bearish A Butterfly, and interestingly, their D would form right at the intermediate targets I am getting using wolfe-wave EPA-ETA off the 1-4 resistance. These same levels are also showing up as critical levels in a stability monitoring algo I created using control charts and robust rando cut forest. Essentially, below 135 in a weeks time would make COINs level a statistical outlier with over 90% probability of explosive bounce.
- looking at the MMM for Apr 22 the range is 135 -160 which aligns with bounce zone and point bounce level. The MMM for Apr 29 is priced for 130-165 - the initial target/time to target I am getting from using the minor wolfe wave (blue) in chart is 166. I do love this setup. Note the relatively huge wolfe wave buy signal that just occured (bottom panel (wws)); at smaller time frames (5-15 min), there are trace buy signals starting to show up which indicates bounce is near.
- finally, the intermediate targets using the major wolfe wave 1-4 projection (grey in chart) are, indeed, statistically plausible: fitting a time series model to COIN, an optimal selection is ARIMA(2,1,2) w/ p = 0.42. The upper 80-95% Prediction Interval on 6/2 (223-263) spans the intermediate target range of 227-240. The adjusted target by 6/24 of 288 is the 95% PI.. although such a move would be kinda crazy, it could occur in a scenario where BTC explodes and COIN follows and runs to meet its 1-4 projection prior to ETA (not impossible, but not expected TBH).
I am expecting a bounce to initial target and then a continuation on that momentum to the intermediate target range and am considering the following play (FOR THE CURIOUS, OBVIOUSLY NOT FINANCIAL ADVICE):
COIN May 13 160 calls IF it bounces at or before 135 this week
COIN June 17 185 calls IF it bounces at or before 135 this week
Bless you all,
The Alpinist
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