silver is about to go downaccording to Elliot wave principle, silver just finished a WXY correction with a 5 wave as wave Y, which terminates at 23.514 and which is exactly 0.618% of the preceding wave and wave Y is just 0.628 points away from 22.912 as 1.618% of the projected wave W, expanded to wave X, where wave Y terminates @ 23.514 of the correction. and on the smaller degree, wave 5 of wave Y terminates at exactly 23.514 which is .618% of the net price action movement of wave 1&3 which indicates the completion of the fifth wave.
Wavesanalysis
USDCAD - Monthly Time Frame View#USDCAD - Monthly Time Frame View - (Bullish Structure)
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
#WAVES / $WAVESThis is my technical analystic for BUYING some Waves.
We are in good BUY Zone and price bounced
Waiting for Big Targets here if BTC will be good with us ;)
DYOR
WAVES/USDT TRADE SETUP.WAVES broke out of the triangle. If the market goes well, we can expect some good rally on WAVES.
Entry: $4.94to $5.527.
Stop Loss: $4.679.
Targets:
$6.229
$6.923
$7.676
$8.243
Note: Use 5x to 10x leverage with SL. Do not FOMO trade. Take your time, do your own research and then invest.
Thank you.
WAVES/USDT - Potential Short SetupHello Traders!
The downward price formation of WAVES continues its development within the framework of the falling phase.
Currently, the price is near the support level of $4.35. Taking into account the local dynamics of Bitcoin, it is possible to assume the exit of the price to the resistance level of $8.20 with the purpose of liquidity collection.
Based on the analysis of senior timeframes, it can be assumed that the decline phase is not over yet. The culmination of the downside pricing will be the price exit into the range of $2.00 - $3.10 after the breakdown of the support level of $4.35.
It is possible to look for medium-term purchases near the support level of $2.00 in the price range of $2.00 - $3.10.
The targets will be price levels of $5.85 and $8.20
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
Waves 3D Manipulative coin to be traded with carefullyLet's consider the global chart of the WAVESUSDT trading pair on a 3-day time frame.
We can see that a harmonious growth trend was forming on the chart from mid-2020 to the end of 2021.
Further, the entire crypto market began a logical correction after a stable 1.5-2 year growth trend.
And then the interesting began.
If you remember, from the end of February to March 2021 the crypto market gradually began to recover and grow, after a painful fall in January.
But the WAVESUSD price is almost the only one, it did not grow smoothly, but very sharply and aggressively, in the "pump-style".
See for yourself, +700% in a month.
Then many news sites and "experts" associated the rapid growth with launching a fund to support projects on the WAVES blockchain, and with signing powerful collaborations, etc.
In a word, they created an ideal marketing and news background so that naive small money would buy Waves, because tomorrow it will be more expensive.
And when the mission was accomplished: WAVESUSDT price was updated ATH, all possible stops of short-sellers were disrupted and large trading volumes were created in which an abnormal number of coins could be sold imperceptibly to the masses - Waves price began to fall.
At first, it looked like a banal growth correction, but no level stopped the fall.
Further, on Twitter, someone from Acc with a large audience accused the management of Waves of manipulation of information and pump price (and looking at the graph, everything looks like that). WAVESUSDT price poured down even more and faster.
The overall result of the decline is -93.5% from the high... and the stop of the decline is around the level of $4.40.
If we were asked now: are you ready to buy Waves in one of your trading strategies, in one of your trading portfolios, the answer would be unequivocal - no.
Increasingly weaker bounces from the $4.40 level do not inspire faith in the strength of buyers at the moment.
Only after the WAVESUSDT price is firmly fixed above $5.80 would we consider the possibility of buying and medium-term speculation.
Because as of today, there remains the danger of fixing the WAVES price below $4.40 and, accordingly, the activation of the red scenario with the final goal of $2.15-2.30
_______________________________
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USDCADHi everyone
According to the wave counting done by the NEoWave method, it seems that the price of the Dollarcode chart is still increasing and it has two targets in front of it, which have been identified in the analysis. After the price reaches the initial target, it should be seen whether the next target will be seen or not.
NAS100 - Short by Supertrend, Pivot & ADX 7/4/20221. HIGH/LOW PIVOT:
- Pivot Left: 10
- Pivot Right: 10
- Long trend identification: Higher High occurs after Higher Low.
- Short trend identification: Lower Low occurs after Lower High.
2. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 20.
3. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
- Short trend when closes candle is below the red line.
4. OPEN POSITION RULE:
- BUY/LONG: reject to Supertrend at current timeframe.
- SELL/SHORT: reject to Supertrend at current timeframe.
DXY 3000 PIPS SHORT ANALYSIS We're in wave C of micro wave 4, that is the correction wave of wave 4 which contains three waves (ABC correction waves) based on my previous post. Price gave us an impulse move down to 103.1730 level and corrected. As for now, am anticipating that price will continue its movement to the down side after the wave B completion.
However, price made a correction up to 78.6% fib level from the previous 4H high to the previous 4H low. Therefore, we accept its as one of the confluences that price has reached exhaustion point. For a safe entry, look for break of that red trendline and a pullback, then you can enter. Target will be 101.8320 level, that will be over 3000 pips down. Let's see how the market will play out this week. Stay blessed...
USDJPY ELLIOT PRICE ACTION BREAKDOWNFrom my own perspective, it portrays to me like we're in a correction phase. I mean, a general rectangular correction wave looking at the bigger picture on a monthly timeframe. Currently, we are in primary wave of wave C in micro wave of wave 4 and wave 3 got completed making a 78.6% retracement from the all time high. Moreover, wave 4 just go started which contains 3 waves i.e. ABC wave correction after making or attaining a 50.0% fibs level, expect price to push up to the overall time high. Then, from there we can look for selling opportunities to the down side.
lets watch and see how the market plays out.
TIPS:
WAVE A = 3 WAVES
WAVE B = 3 WAVES
WAVE C = 5 WAVES
WAVESUSDT - Final Sell Push ⬇️As I mentioned to my members, the main goal in this current crypto market is to sell the rallies rather than buying the dip.
Price swept the support liquidity leaving a large fair value gap that has now been filled.
The 50% of this breakout candle has held extremely well and lots of wick rejections were presented.
Could we now see some sells again? 💬
I will be observing the price on the lower timeframes to locate a potential sell because I think the completed compression below support was insufficient.
I will let you know when/if I enter.
Have a great trading week guys! 🔥
#WAVES/USDT 4Hr UPDATE !!Hello, welcome to this WAVES/USDT 4hr chart update by CRYPTOSANDERS.
I have tried my best to bring the best possible outcome to this chart.
Show some support do hit the like button, follow and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis.
CHART ANALYSIS :
Look bullish flag pattern in the 4Hour timeframe.
In Case of uper trand line break and retest and the , Expect a +90-100% olmost Bullish Waves.
This is not a piece of financial advice.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
thank you
Bull Falling Wedge ?I guess WAVES are now forming a Falling wedge pattern !
the failure rate for the falling wedge is considerably low. The failure rate for an upwards breakout is only 8% – 11%.
With our volume declining ( which indicate a big move towards up or down side soon )
it can be our last target before a correction ?
Targets :
1- Previous high (10.59)
2- 11.9
3-15.9 (I guess not this time)
Tell me down, Do you think it is a wedge too ?
-Thumb up if you agree
EURNZD ELLIOT BREAKDOWNPrice happened to be in a submuette wave 2 of the overall impulse wave of the fifth wave. we expect an ABC correction up onto 38.2% fibs level before entering wave 3, which also, carries five(5) submicro waves.
However, do know that we're in the fifth wave of the overall movement. we keep on looking for selling opportunities until wave 5 elapses.
WAVE 5 = 5 WAVES
NZDCHF: Keep an eye on this up wave!Hey Traders, looks like NZDCHF will be pushing up soon, why are we expecting this up wave?
A complex corrective structure is completed and market is ready to push up.
So, should you jump in? No, wait for your buy setup and you go for the buy. What if market continue the fall? We will not enter before we get our buy setups.
What if you are already in the sell? You take all your profits and look for your buy setups.
For us, the structure needs an up move to target liquidity above previous highs, what after that? corrective structure and another push up but let's take it step by step.
Even if market wants to continue to the downside, a corrective structure upwards is needed so we will be looking for our buy setups for now anyway.
We hope all of you get in few of our previous charts/trades like USDCAD, USOIL, EURCAD, NZDUSD, GBPAUD and made money.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
DO NOT FORGET OUR 4 GOLDEN RULES:
1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position
Trade with care
We Trade Waves Team
EUR/USD - Long Regardless of the negative attitude and tone toward the EUR/USD and the market in general, we can't neglect the perfect 5-wave decline that should be followed by a remarkable correction to 1.0765 and 1.1060 through 1.0505 and 1.0635. we tolerate a small extension to 1.03 before the pair starts its correction. We favor a long position at market with a take profit at 1.0765 and a stop loss at 1.0100.
Cryptocurrency WAVES - trading planIf you look at all the cryptocurrencies on tradingview, only 4 are worthy of the current fall of Bitcoin. One of them is the cryptocurrency WAVES. And today we will share with you our trading plan for this cryptocurrency.
Important information! now you can choose the cryptocurrencies for which we will make predictions. Read how to take part in the free voting under this idea.
The cryptocurrency WAVES was actively falling throughout April. At a time when other cryptocurrencies were trying to grow, WAVES sellers were confidently looking for the bottom. And theoretically found. Since the beginning of May, we have seen that with the fall in the price of Bitcoin, the price of WAVES is either in place or even rising. The whole thing is in the range of $12 . This range proved its strength in May 2021. In January 2022, sellers managed to make a false break of this range. However, sellers failed to continue the decline.
WAVES cryptocurrency trading plan.
The presence of buyers, which they have proved with large volumes of bidding, allows us to plan trading situations in cryptocurrency WAVES. Large trading volumes and relatively small candles on the 3-day timeframe may be the result of fixing the profits of sellers who have been gaining their short positions since April 1. The main question is whether sellers will have the strength to break the liquid level of $ 12 without a deep correction?
In our opinion, this is unlikely. In case the price returns to the range of $12, we are ready to gain a position in this cryptocurrency up to $10. If the sellers manage to lower the price of WAVES below $10, we will look for a way out of a break-even position or a small profit.
If the WAVES price continues to rise from the current price, we will expect a stop at around $21.5. If after a rebound of $ 21.5 buyers again show strength around $ 12 it will be another great chance to buy WAVES with low risks. A stop order in this case should be placed below $10.
An alternative scenario will take effect if buyers do not keep the $10 mark. In this case, the price of WAVES will fall to $5.