Wavetheory
DOGE Coin Appears to be in a distribution phase - 15 min chartAfter the broad "Santa Rally" on Dec 24th, several Crypto's appear to be in a short term distribution. With the low volume during the holidays the market makers can do a lot of manipulation to the market, so anything is possible, but I see a lot of news saying the market is going to open to the upside. On the other hand the charts look more like DOGE and other crypto's, especially the Alt Coins, appear to be finishing a distribution phase.
At least in the short term I expect lower prices and then more accumulation before any big move up to test the ATH's.
Trade carefully.
Hellena | GOLD (4H): SHORT to the minimum of the “W” wave (2540)Dear colleagues, due to the recent sharp price movement I have redrawn the waves and at this point I can assume that we are dealing with a complex correction (W, X, Y).
This means that I predict a price decline at least to the support area of 2540 - this is the area of the minimum of the “W” wave.
It will most likely be followed by its renewal, but we will talk about it when the target is reached.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Short to Support area 1.02539.Dear Colleagues, due to the recent sharp price movement, I have redrawn the waves and now I see the completion of the five-wave impulse in the wave “5” of higher order.
I expect that the price should update the nearest local minimum of the wave “3” 1.03350.
I expect the price to reach at least the area of 1.02539.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | Oil (4H): Short to support lvl 63.5 (Wave 3).Colleagues, the last forecast is still active, but I thought it was worth doing another one that will show more clearly what is happening now.
In my opinion, the price is still in wave “2” of low order, but in a three-wave correction.
This means that wave “2” (black, lower wave) should not update the level of 73.114, but it can update 71.695, although this condition is not necessary.
As a result, I still believe that the price will continue its downward movement, although it is in a prolonged correction.
There are 2 possible courses of action:
1) The riskier one is to open a short position on the market.
2) Conservative - wait for the price to rise, and enter with less risk.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Short to support area 5718 (Wave C).Dear colleagues, I believe that the downward movement will continue within the correction (A B C). I expect wave “C” to start moving very soon.
I think that the nearest target is the area of 5718 level, because there is a strong support area.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Short to support area 5846.5.Colleagues, I assume that price is completing a five-wave upward movement. I believe that the price may reach the resistance area of 6181.6 then I will consider only downward movement in correction to the area of 5846.5.
It is possible that the price will immediately start moving towards this area, but this is a more risky plan.
Still, I would like to see the completion of all waves “5” in one place!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
NzdUsd will start to move up soon.What I see!
Looking for Impulse Up.
NU will soon begin to reverse. Before entering the trade, we ought to wait for LTF price movement. solely for educational purposes.It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
UXLINK - Is a Reversal Imminent? SHORT SETUPUXLINK has seen impressive gains over the past 7 days, rising +140% and approaching the swing high at $1.208. This price action suggests the possibility of a correction, providing an attractive short opportunity if it faces rejection at these levels.
Key Observations:
Recent Bullish Momentum: UXLINK has been on a 7-day bullish run, rising significantly, which increases the likelihood of a short-term pullback or correction.
Swing High at $1.208: As UXLINK nears the swing high at $1.208, this could act as a potential rejection point. A rejection here could provide an excellent shorting opportunity.
Riskier Trade: If you prefer a more aggressive position, a short could be taken now, targeting the swing high with a laddered approach towards that level.
Possible Correction Ahead: With 7 consecutive bullish days, a correction is likely in the near future. The dOpen at $1 serves as a strong support level to target for a short.
Break Below $1: If UXLINK breaks below the $1 level, the next target becomes the wOpen at $0.8645.
Reward-to-Risk Potential:
Target 1: $1 (dOpen) offers a 4:1 risk-to-reward, with a potential 16.45% gain.
Target 2: $0.8645 (wOpen) offers a 7:1 risk-to-reward, with a possible +28.5% gain.
Elliot Wave Count: According to Elliot wave theory, UXLINK is approaching the completion of its 5-wave structure, which may further indicate that the upward trend is nearing exhaustion.
Summary:
Bullish run over the past 7 days makes UXLINK susceptible to a correction.
Swing high at $1.208 could provide an ideal short opportunity, with strong targets at $1 and $0.8645.
Reward-to-risk ratios are favorable, offering 4:1 or even 7:1 if the trade is executed properly.
Elliot Wave suggests the end of the current upward movement, further supporting the case for a potential short.
Virtuals Protocol: +16,850% Surge Nearing Its End?Virtuals Protocol has experienced an astronomical +16,850% surge in price over the past 164 days, marking a parabolic advance that appears to be nearing exhaustion. Price action suggests that the final 5th wave of this bullish cycle may be completing, raising the question: Is Virtuals Protocol set for a correction, or is there still upside potential?
Key Observations:
1.) End of the 5th Wave:
The Elliott Wave count indicates that the asset is likely completing the final 5th wave of a large bullish cycle.
Parabolic moves of this magnitude typically end with a sharp correction as profit-taking accelerates.
2.) Weekly RSI Overbought:
The RSI on the weekly timeframe is at 95, signaling extreme overbought conditions.
Such elevated RSI levels are unsustainable and often precede corrections to reset market momentum.
3.) 6 Consecutive Bullish Weekly Candles:
A string of 6 green weekly candles suggests strong bullish momentum but also hints at exhaustion as buyers may struggle to sustain such momentum.
4.) Fibonacci Target and Weekly Open Confluence:
Using a Fibonacci retracement from the current wave, the 0.618 level aligns perfectly with the Weekly Open (wOpen) at $2.711.
This confluence zone serves as a strong short-term take-profit target for short sellers or a potential re-entry point for bulls looking for a correction.
Outlook:
Bearish Scenario: The completion of the 5th wave and the extreme overbought RSI suggest a correction is imminent. A retrace towards the 0.618 Fib level ($2.711) is a highly probable scenario.
Bullish Continuation: For further upside, the price must consolidate and find fresh buying volume to support continuation beyond the current highs.
Conclusion:
Virtuals Protocol is flashing clear signs of exhaustion, with extreme weekly RSI levels and a completed Elliott Wave cycle. Traders should watch the $2.711 zone closely as a potential correction target, with the 0.618 Fibonacci retracement and Weekly Open providing strong confluence.
Hellena | GOLD (4H): Long to resistance area of 2717.733(Again).Dear colleagues, I believe that the 2717 level will be reached again, because the five-wave upward movement is not over yet.
I see here the development of wave “3” of higher order and the completion of the correction in wave “2” of medium order. I expect the price to start an upward movement this week.
I do not recommend placing short orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | GOLD (4H): Long to resistance area of 2717.733.Colleagues, the previous forecast is still active, but I decided to make a new one to show in more detail what exactly is going on.
I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”.
Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to Resistance area 1.06898.Dear Colleagues, I see a continuation of the upward movement in the coming week.
I believe that wave “1” and wave “2” of the higher order have been completed. Wave “2” of the lower order is either already completed or will be completed soon. I expect that either from the current positions or from the area of 1.04850 the price will start an upward movement to the resistance area of 1.06898.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | EUR/USD (4H): Long to Resistance area 1.06197.Colleagues, Price closed the gap and now I believe that wave “C” is almost over or already over.
Therefore, I think that we should look only at long positions with the aim to reach the area of 1.06197.
There are 2 possible scenarios:
1) Wave “C” is finally formed and the price will continue the upward movement. (More risky market entry)
2) The price will still make a small movement to the nearest minimum and here I would recommend placing pending limit orders.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | SPX500 (4H): Long to resistance area 6117 (Wave “3”).Dear Colleagues, I believe that price will still make new highs. I expect that the wave “5” of the middle order is not yet complete.
Perhaps the price will test the 50% Fibonacci level of 5847 and then start an upward movement to the resistance area of 6117 (Wave “3”).
This correction may not happen, then it would mean that the price continued the wave “3”.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold/XauUsd formed a triangle pattern to move FAST!What i see!
Gold/XauUsd: Formed a triangle pattern. We should wait for a breakout to enter this trade. When the pattern is broken, gold will move quickly upward or downward.
It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Hellena | GOLD (4H): Long to resistance area of 2717.733.Colleagues, the previous forecast is still active, but I decided to make a new one to show in more detail what exactly is going on.
I believe that the price is in a five-wave upward movement and now we are expecting a lower and middle-order wave “3”.
Therefore, I believe that the upward movement will continue and the price will reach the level of 2717.733.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
AudJpy formed rising wedge pattern!Looking for Impulse Down.
AudJpy formed rising wedge pattern as continuation pattern and AJ should continue fall to the deep. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
TONUSDT: Why TONCOIN Remains Bullish and Its Next Potential MoveTONNCOIN is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $6 Stay tuned for more updates, thanks.
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard .💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TIMECOM Waiting opportunity on 4.5 Reason for Buy this stock
Stock can sustainable provide 7% + dividend per annual
Waiting the Opportunity to buy at $ 4.5 as per technical analysis
Continues growth on profit since 2017 and cooperate with Malaysia government for 5G internet project.
Long Term ( 3 years ) holding stock only and TP on $ 7
7 % dividend per annual * 3 years = 21 %
55 % of capital gain + 21 % = 76 %
76 % / 3 years = 25.33 % per annual
Waiting Opportunity for Buy
Record holding
0 Stock hold as of now.
Hellena | GOLD (4H): Long to resistance area of 2711.Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed.
I believe that the price is forming a five-wave movement and we have 2 options for the development of events
1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position.
2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!