Wave Analysis
USOIL: Growth & Bullish Continuation
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USOIL chart which, if analyzed properly, clearly points in the upward direction.
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SOLUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart. (update)
Everything according plan
Entry: (first buy ~120, and still have limit order at 95)
Targets: 190 - 250 - 330
after first target reached move ur stop to breakeven
Stop: (depending of ur risk).
ALWAYS follow ur RM
risk is justified
Good luck everyone!
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It's not financial advice.
DYOR!
#Aitech is about %4000$Aitech 1D;
As of its out of August 2023, it has managed to show a total bullish performance of 4000%.
Although it had its share of the downward trend of the market in March, we can see that its decline has finally come to an end.
Although it managed to make the downtrend breakout upwards, the only obstacle in front of it is the day's close above the $0.09622 level. It will then start an uptrend.
For those who think short-term, OB levels can be considered for profit-taking. However, it is obvious that in the long run, it may test the Ath level again.
#Aitech #AI #Solidus
BITCOIN Ending DiagonalBitcoin seems to be forming an ending diagonal structure, a pattern that typically signals the final phase of a larger trend before a reversal or correction. I am confident that this dip will be relatively shallow, as the broader market dynamics suggest strong underlying support.
In this scenario, any pullbacks should be viewed as strategic buying opportunities for traders and investors. I anticipate that the price will retrace to the range of $73,500 to $72,000 , offering an ideal entry zone for those looking to capitalize on the next potential upward move.
Gold price continues to reverse the trendAt the close of the U.S. trading session, global gold prices settled around $2,684 per ounce, marking a sharp decline of over $22 per ounce compared to the previous session's close.
The U.S. Federal Reserve (Fed) announced a 0.25% rate cut, bringing the current interest rate to a range of 4.5-4.75%. Typically, a Fed rate cut leads to a weaker USD; however, this time, the greenback surged overnight, strengthening in the international currency basket.
The Dollar Index saw a significant rise of 0.42%, reaching 104.950 points, which pressured investors to lock in profits on gold after a strong rally in the previous session.
Given this, the USD may continue to strengthen, and gold could face further declines, especially as Fed Chair Powell delivered remarks following the rate cut decision, signaling a possible prolonged strength for the dollar.
Correction down for SPX500USDHi traders,
Last week my analysis of SPX500USD had been chosen for the Editor's Picks of Tradingview.
It was very funny to read many comments that my analysis was wrong and that it was more likely that this pair would drop then rise.
Now a week later we see who was wrong and who was right and who made a profit.
As a trader you always have to trust your own analysis. Don't listen to other opinions because that is mostly the losing mass that is speaking. I do this for 10 years and I know what I'm doing.
Now next week we could see the finish of wave 5 and after that a bigger correction.
Trade idea: Don't trade. Wait for the bigger correction down to start. After a change in orderflow to bearish and a correction up on a lower timeframe you could trade (short term) shorts.
If you want to learn more about wave analysis, please make sure to follow me, give a like and respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
Explosive Polygon (MATIC) Analysis | A 1200% Profit Opportunity!🔍 End of 150-Week Correction & Start of a Major Fifth Wave
Polygon (MATIC) has reached a critical turning point on the weekly timeframe. After a lengthy three-wave correction spanning around 150 weeks, MATIC now signals the potential end of its corrective phase and the start of a new, powerful upward wave. Recent strong candles suggest that if MATIC can break key resistance levels, it may enter the fifth wave—a wave typically associated with high momentum and substantial profit potential.
📈 Suggested Entry Points:
1️⃣ First Entry: After breaking the $0.62 resistance
🔸 A break above the $0.62 level will act as an initial confirmation of an uptrend, indicating the start of a potential bullish wave. This entry is best suited for risk-tolerant investors, as it offers an earlier opportunity to join the rally with potentially higher returns. However, investors should note that entering at this point carries more risk, as short-term corrections could occur.
2️⃣ Second Entry: After breaking the $1.3 resistance
🔸 The $1.3 level is a key resistance zone, and breaking it would provide a stronger confirmation of the uptrend. This entry is ideal for more cautious investors, as it signals a clearer trend reversal and a likely continuation of the bullish wave. Entering here has relatively lower risk and could be a safer entry for those looking to mitigate risk.
🎯 Fifth Wave Target: $8
🔸 Based on technical analysis and historical patterns, the target for MATIC’s fifth wave is around the $8 mark. This translates to a potential gain of 500% to 1200%, making it one of the most exciting long-term opportunities in the spot market.
📌 Final Note:
With MATIC’s promising setup and high potential in the fifth wave, this opportunity could yield substantial returns for spot investors. By selecting a strategic entry point and managing risk effectively, you can take advantage of this promising long-term investment opportunity.
EURNZD Will Grow! Buy!
Take a look at our analysis for EURNZD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.795.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.822 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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BITCOIN BULLISH TO $77,000 (UPDATE)Bitcoin has finally smashed our $77,000 (Wave 5 Major) target like I said would happen back in September & created a new all-time-high🦾 Well done to everyone here who got into this move from my free analysis!
Unfortunately my buy position got stopped out at breakeven as you all saw, then price went back up again. But that's fine because the main thing is Bitcoin analysis was correct & played out accordingly to my Elliott Wave Theory strategy🙌
SOLUSDT near major daily support and trendline supportAs we can see price is now near green trendline support and major daily support of 150$ and we can expect rise and pump here like the green arrows on chart only if the supports hold else we are looking for targets like 120$ and dump(dump 20% possible now).
DISCLAIMER: ((trade based on your own decision))
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GBPUSD- Trend down, recommend selling!!GBPUSD- Trend down, recommend selling!!
Currently, GBPUSD is moving in a clear downtrend on the 4H chart, with EMA 34 and EMA 89 creating strong selling pressure.
Trading Strategy: Sell orders can be considered with a target of 1.27818 USDT. Stop Loss is placed at 1.30016 to protect the order in case of a price reversal.
What do you think about this assessment? Leave your comments in the comment section below and wish you successful trading!
Aptos APT is ready to take off!Hello, Skyrexians!
Yesterday we considered ADA analysis and today the price of this asset started moving up and surged +14% in less than one day. Hope you were able to make a right decision. Today we will take a look at BINANCE:APTUSDT - another one interesting cryptocurrency with the great potential in the bull market.
On the chart you can see the weekly time frame for Aptos. Technically it is printing the global 2 year sideways. As you know, the sideways movement can be the accumulation or distribution. We suppose that it's accumulation before the mark up phase. Elliott waves analysis gives us the clear answer. We consider the early growth as the impulsive wave 1, after that APT is in flat correction, the wave 2, which consists of zigzag ABC. Look how perfectly wave C collected liquidity below the wave's A bottom and started going up.
Let's also notice the green dot which has been flashed by Bullish/Bearish Bars Indicator . It's is showing us the potential reversal points. Take a look how great it worker previous 2 times, indicated wave's A bottom and wave's B top. Now there is a high probability that it was the global bottom before the expansion to the upside.
The while line of the indicator showing the local support, if price is able to maintain above it, usually it leads to impulse. If our analysis is correct the wave 3 is incoming. We can calculate the targets using Fibonacci extension levels. The minimal one is $42, max target is $64.
Best regards,
Skyrexio Team
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The result of the analysis of 1 day of goldThe re-increase in the price of gold after the American elections and the result of this analysis
Always, the market excitement and fluctuations that arise according to the news will soon disappear and the price will return to the previous place.
Sasha Charkhchian