Wave Analysis
SPY A Fall Expected! SELL!
My dear friends,
SPY looks like it will make a good move, and here are the details:
The market is trading on 609.70 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 600.34
Recommended Stop Loss - 615.13
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURAUD Massive Long! BUY!
My dear friends,
EURAUD looks like it will make a good move, and here are the details:
The market is trading on 1.6425 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.6503
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
XAUUSD:26/2 Today's Market Analysis and StrategyTechnical analysis of gold
Daily chart resistance 3000, support below 2892
Four-hour chart resistance 2950, support below 2892-2888
1-hour chart resistance 2930, support below 2905
Gold operation suggestions: The moving average system of each period shows a short arrangement (suppression by the 30-minute and 4-hour moving averages), but the long-term moving averages at the daily level (100/200-day moving averages) are still upward, limiting the deep decline space.
The RSI indicator is close to the oversold area on the 4-hour chart, but has not yet formed a clear bottom divergence, so be alert to the demand for rebound correction.
Today's market is likely to run in the 2800-2936 range. If the gold price rebounds to around 2936 and encounters resistance, you can try to sell. You can buy after stabilizing near 2890, but be careful of the extreme decline after falling below 2888.
Buy: 2930~2936
Sell: 2890near
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EURAUD What Next? SELL!
My dear followers,
I analysed this chart on EURAUD and concluded the following:
The market is trading on 1.6631 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.6523
Safe Stop Loss - 1.6677
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
NZDUSD Massive Long! BUY!
My dear friends,
My technical analysis for NZDUSD is below:
The market is trading on 0.5691 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.5731
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURGBP USD Set To Grow! BUY!
My dear subscribers,
EURGBP looks like it will make a good move, and here are the details:
The market is trading on 0.8283 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8293
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
GOLD Will Explode! BUY!
My dear friends,
GOLD looks like it will make a good move, and here are the details:
The market is trading on 2911.0 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 2925.4
Recommended Stop Loss - 2903.3
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Nio - It's his time to change the EV conception?Nio has developed a Wyckoff accumulation pattern, which started one year ago. The key level remains at $4.50, signaling the start of the next wave in this Elliott Cycle (3rd wave). Trend-Based Fibonacci Extension could help us identify key levels for this potential movement. It's important to note that this is just a probability, and nothing is certain yet.
What about the company ?
NIO is a Chinese electric vehicle (EV) manufacturer that has gained significant attention in recent years, particularly for its innovative approach to battery technology and its premium EV offerings. Founded in 2014, NIO has positioned itself as a major player in the global EV market, particularly in China, and is looking to expand its presence internationally.
Over the past three years, NIO has shown impressive growth in terms of vehicle deliveries. In 2021, the company delivered over 91,000 vehicles, a substantial increase from the 43,000 vehicles delivered in 2020. In 2022, NIO continued its upward trajectory, delivering over 122,000 vehicles, marking a strong year despite global supply chain challenges.
One of NIO's most innovative features is its battery swapping technology, which sets it apart from many other EV manufacturers. Instead of relying solely on traditional charging methods, NIO offers a Battery as a Service (BaaS) model. This allows customers to swap their depleted battery for a fully charged one at one of NIO's battery swap stations. This process takes just a few minutes, significantly reducing the waiting time compared to traditional charging stations.
This battery swapping system is part of NIO's strategy to address some of the main challenges associated with electric vehicles, such as long charging times and the high cost of battery replacement. It also allows NIO to offer vehicles at a lower upfront cost, as the battery is leased separately. This innovative system has the potential to revolutionize the EV market by offering a more convenient and flexible solution for drivers.
NIO's focus on advanced technology, luxury EVs, and battery swapping has made it a strong competitor in the growing electric vehicle industry. With plans for further expansion into Europe and possibly the U.S., NIO’s innovative approach to the EV market could play a key role in the future of electric transportation.
ETHBTC - 2 ETH may soon buy 1 BTCBINANCE:ETHBTC is one of the most hated trades on the market right now. And based on price action from recent months and years - definitely for good reason. Ethereum is being viewed as a stale rust-bucket compared to the superior monetary properties of Bitcoin and the younger exuberance found in Solana. However don’t bet the house on that narrative continuing over the coming months. To me it seems that Ethereum may well have its time to shine once again...
Reasons to be super bullish
As crazy as it may be to say this, Ethereum can soon reach the rather insane price target of 0.5 BTC per ETH in the coming 18 months.
The pattern for the last 6 years has been one of accumulation, Wycoff Accumulation to be exact. Just look at similarities with an example pattern of GOLD posted from a few years ago, of it similarly being in deep accumulation and the price action that followed.
I’m willing to stick my neck out and say that the Wycoff (coiled) spring from the BINANCE:ETHBTC chart above has now completed, after over-shooting the downwards wedge (in white). Such an overshoot usually leads to the most volatile reversals, and is therefore one of my favorite trading patterns.
Not only that, BINANCE:ETHBTC also has a clean-looking cup & handle pattern forming, dating back to May 2018. Should that come to fruition, the minimum price target (taking the height of the cup via white arrows) would equate to 0.5 BTC. That just so happens to also perfectly coincide with the 1.414 fib level drawn.
Now, would Ethereum stop there? You’ve got to imagine so. However it may not…
BINANCE:ETHBTC 's onset to markets saw a 95x (pink arrow). Taking the same measured move, from the bottom in January 2020, would equate to a 30x move from current levels or a 55x from 2020's bottom. That would indicate a final target of 0.91 BTC, at the 1.618 fib, by around April 2026.
Another reason to suggest the selling is over, RSI is putting in a higher low, whilst price is making a lower low.
BINANCE:ETHBTC is mirroring the same setup as September 2019, with similar targets possible.
Reasons to be sceptical
We should be in a clearly bullish period, between Mar-24 to Apr-26 although we have yet to see bullish price action as of today. BINANCE:ETHBTC already enduring its bearish period from Dec-21 to Feb-24, this is unlikely to be another.
If we’re going to see the above come into fruition, we must soon see a huge uptick in volume in Ethereum in the coming days. Watch the green arrow underneath the chart to see if that happens over the coming 15-18 months.
BINANCE:ETHBTC looks to have already bounced off the 0.024 BTC per ETH. Or the 0.382 fib level (turquoise line). I expect very limited downside from here.
What might trigger a bullish change?
MSTR thanks to Michael Saylor has popularised his company as a quasi-leveraged ETF, turning the balance sheet of his company into a fast-tracked success.
Can you think of another company that is flush with billions of cash that is aligned with defi, NFT & decentralized markets and has one person on the board calling the shots for their investment committee? GameStop could well be the first public company to put Ethereum on their balance sheet and spark a huge step-change in the amount of institutional investment into ETH, over say BTC. They currently have $4.8bn in cash on their balance sheet and have yet to announce any M&A or changes to their corporate treasury.
Watch-out for catalysts, alt-season I sense is coming...