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Waveanalyses

S&P500: Strong SurgeOn Friday, a strong surge propelled the S&P500 upward, so the index is beginning the new week at distinctly higher levels. Still, in our primary scenario, we anticipate a significant sell-off during the turquoise wave 2, which should drive the S&P down into our turquoise Target Zone between 5616 and 5368 points. In this range, the turquoise impulsive wave 3 should start and deliver a robust upward movement beyond the resistance at 6169 points. However, there is a 36% chance that the index will reverse upward prematurely and surpass the resistance at 6169 points earlier during an alternative blue five-wave structure.
CME_MINI:ES1!
by MarketIntel
Cloudflare: ResistanceBy expanding the green wave 3, NET recently stretched above the resistance at $117.70. However, the stock only briefly surpassed this level before encountering selling pressure, which pushed it back to its early December levels. Primarily, we expect the price to overcome this resistance to complete the green five-wave structure and, thus, the orange wave iii. A still ongoing wave alt.ii correction remains a possibility in the context of our 30% likely alternative scenario.
NYSE:NET
by MarketIntel
Chevron: Progress!Chevron has dropped decisively, significantly advancing our primary scenario. In this scenario, we expect the ongoing turquoise wave 2 to find its low just above the support at $135.37, which should set the stage for fresh upward movement. In the meantime, the probability of our alternative scenario has been reduced to 32%. Still, the possibility of an already established low of the turquoise wave alt.2 and, thus, a direct breakout above the resistance at $166.91 should be considered.
NYSE:CVX
by MarketIntel
Palantir: Target Zone Ahead!We now primarily assume that Palantir’s turquoise wave 3 has concluded at $82.72. For the ongoing turquoise wave 4, we have outlined a matching Target Zone (coordinates: $59.15 – $51.84), where the price should complete its interim correction and realize an upward trend reversal. However, as part of our alternative scenario, there is a 33% chance that the price will surpass the $82.72 mark directly to develop a higher high of the turquoise wave alt. 3.
NASDAQ:PLTR
by MarketIntel
Nvidia: Gradual ProgressNvidia’s stock has made slight progress toward fulfilling our primary scenario. We still anticipate -wave sell-offs down to the support level at $90.69, where the blue wave (IV) correction should finally conclude. However, our alternative scenario of an already finished wave alt. (IV) remains in play. In this case, the stock would resume its ascent as part of blue wave alt. (V), pushing well above the resistance at $152.89 to reach new highs and, thus, complete the overarching green wave alt. (probability: 37%).
NASDAQ:NVDA
by MarketIntel
Polkadot: New Yearly High Soon?Polkadot is currently showing a slight downward trend. However, since hitting the pink wave II low at $7.42, the cryptocurrency has made a significant recovery. According to our primary scenario, the ongoing impulsive wave III should push the price well above the $10.52 resistance before the next interim correction in the pink five-wave pattern begins. However, Polkadot is unlikely to surge straight to a new all-time high without experiencing occasional pullbacks along the way. Indeed, there is even a chance for a new low of wave alt. II below $7.42.
BINANCE:DOTUSD
by MarketIntel
Google: There We Go!Since late October, the Alphabet stock has been rejected twice at the $181.61 resistance. This Monday, though, it achieved an impulsive rally above this critical level. This advance aligns perfectly with our primary scenario by propelling the magenta wave further upward, and we expect additional gains as this movement progresses. However, the development of the ongoing upward impulse would be significantly delayed in our 33% likely alternative scenario. In this case, Alphabet’s stock would still be working on the corrective green wave alt. and sell off below the support at $147.22.
NASDAQ:GOOGL
by MarketIntel
Coinbase: ResistanceSo far, Coinbase was unable to decisively break above the resistance at $341.50. Our primary expectation is that the stock should soon make a significant move above this level, as we anticipate the peak of the ongoing wave in magenta well above it. However, our 33% likely alternative scenario suggests that the stock may have just completed the high of the corrective wave alt.(b) in blue. In this case, it would be moving toward the conclusion of the magenta wave alt. between the supports at $160 and $70.76.
NASDAQ:COIN
by MarketIntel
Hedera Hashgraph: Sharp DropWithin just a few hours, HBAR dropped sharply by around 20%, plunging deep into our green Target Zone between $0.29 and $0.22, a range we identify as suitable for long entries. This move marked the low of the green corrective wave 4. During the current impulsive wave 5, we expect a swift recovery toward the recent high at $0.39 and potentially beyond. In our short-term alternative scenario, further selling pressure could momentarily push the price below the support at $0.23 (with a 35% probability). But even in the case of such an extended correction, HBAR would remain within an overarching bullish upward structure.
BINANCE:HBARUSD
by MarketIntel
Tesla: ResistanceThe $362.80 resistance level currently represents a critical threshold during the ongoing wave (V) movement. After the price initially failed to break this level in late November, another rejection at the start of the week highlighted the significance of this barrier. A sustained move above $362.80 should unlock further upward momentum; the magenta wave (iii) should have sufficient strength to carry the price beyond the $400 mark. While a setback toward new lows remains 25% likely, we primarily assume that the correction phase is finished, and the price is now positioned in an extended upward trend.
NASDAQ:TSLA
by MarketIntel
Fetch: Recovery!FET has shown some recovery in recent days. We have now refined the blue wave (iii), breaking it down into a more detailed substructure based on the current price action. This structure suggest that the altcoin has completed the low of the orange wave ii and is working on the initial stages of the corresponding orange wave iii. During this movement, we expect a breach of the resistance at $1.74. The upward momentum should only pause significantly further north, where a wave-iv correction is anticipated. After establishing the low of this correction, the final leg of the blue wave (iii) should resume its ascent. That said, we must keep in mind our alternative scenario (27% likely). This scenario calls for a lower low of the blue wave alt.(ii).
BINANCE:FETUSDLong
by MarketIntel
Coinbase: Resistance!We introduced the alternative scenario of a corrective wave alt. (b), developing as a part of magenta wave alt. (ii). To invalidate this option, the price must decisively break through the resistance at $341.50. Such a move will further support our primary assumption of an ongoing wave (iii), where we anticipate the formation of new highs before a larger interim correction in wave (iv) unfolds. However, there is a 33% probability that the alternative scenario prevails.
NASDAQ:COINLong
by MarketIntel