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Waveanalyses

Marathon Digital: Strong!We expect the MARA price to continue to rally during the blue wave (x). Only when the high is placed a little closer to the resistance at $31.30 should there be a sell-off into our magenta Target Zone (between $16.35 and $9.86), which completes the same-colored wave (ii) correction. Within this range, investors can open long positions, whereby stops could be placed around 1% below the lower edge. Once the low is set, the price should rise above the resistance at $31.30. Only our 33% probable alternative scenario calls for a more bearish development: it still places the stock in the green wave alt. (2)
NASDAQ:MARA
by MarketIntel
3
Riot: Tug of warThe bulls and bears are currently engaged in a tug-of-war on RIOT's chart. From a technical perspective, the magenta wave (ii) could already be over. However, we are not yet convinced of this and give the price room to move closer to the support at $7.80. Only when the low of the move is established just above this level should the price turn around and rise significantly with the magenta wave (iii). Following this move, a small interim correction is likely to set in again, but this should be followed by a further rise above the resistance at $20.64, which completes turquoise wave 1. If, on the other hand, the price were to slide imminently below the aforementioned support at $7.80 (36% likely), we will have to see it in the magenta-colored wave alt. (2). In this alternative scenario, it should fall back into the same-colored Target Zone between $6.99 and $5.24.
NASDAQ:RIOTLong
by MarketIntel
Cronos: Turning PointCRO reached a new local low last Friday and then turned upward again. Based on this development, we now consider the green wave (ii) to be finished and see the coin in the green wave (iii). In the further course, the price should clearly overcome the resistance at $0.18. If, on the other hand, we see a sell-off below the support at $0.07 (30% likely), we would instead have to assume a fresh corrective bottom in the form of the turquoise wave alt.2 below the support at $0.04.
COINBASE:CROUSDLong
by MarketIntel
Bitcoin: Deep DiveBitcoin managed to reach a new low within our green Target Zone (between $58,655 and $47,012). This move is in line with our expectations. For the time being, we give the price a little more time and room to the downside to complete the current green wave 4. Our Target Zone can, therefore, still be used to establish long positions, whereby a stop 1% below its lower edge could minimize risk. However, please note that BTC could turn upward again at any time, as the technical requirements for the correction low have been met. Subsequently, Bitcoin should continue its overarching upward movement. The first step should take the price above the resistance at $73,462.
BINANCE:BTCUSDLong
by MarketIntel
S&P500: Final Sprint!Although the current wave 5 in turquoise has already reached a significant size, and the high should be placed soon, we cannot yet regard it as completed. We therefore continue to give the movement room to the upside. As soon as the high is established, the index should turn and head for our magenta Target Zone (coordinates: 4681 - 4434 points). However, please note our alternative scenario (40% probable). In this case, the index would place the top of the green wave alt. (3) with the next high. Consequently, a reversal and a transition into the wave alt.(5) could already be expected in our green Target Zone (coordinates: 5056 - 4878 points).
CME_MINI:ES1!
by MarketIntel
Apple: DownhillApple recently set the high of the corrective wave (B) in magenta just below the resistance at $221.59. The wave (C) should now expand down into our green Target Zone (between $192.26 and $176.27). There the superior green wave (2) should be completed. Subsequently, we expect a reversal and a rise above $221.59. However, please note our alternative scenario (43%) that will come into play on a direct break of this resistance. In this case, the green wave alt.(2) is already complete.
NASDAQ:AAPLShort
by MarketIntel
4
MATIC: Start-Up DifficultiesMATIC struggled to achieve clear upward momentum last week. The bears slowed the coin down, so that it is trading slightly lower today than at the time of our last update. Nonetheless, we still see the price in the blue wave (iii). During this wave, we expect it to rise well above the resistance at $0.98. If, on the other hand, there is a fall below the support at $0.50, we will have to assume a still ongoing wave alt.(2) in magenta, which would first require a setback into our same-colored Target Zone ($0.471 – $0.308).
MLong
by MarketIntel