HydraFinance

HydraFinance

We see a clear counter-trend move down in a five-wave sequence. I strongly expect this move to be followed by a second wave going past the low in the same direction. However, this said move has been retraced by a three-wave zigzag moving up in the direction of the main trend. We have to expect that this move going so close to the previous high has induced a lot...

HydraFinance

The prices of Bitcoin have been trading in a consolidated range for the past two months. The defining moment looks to be approaching at a fast pace. However, we must gravitate towards this with caution. That the rally will happen there's no doubt, the trick is in determining when. As of right now, there are two main possibilities, in my view, for the course of...

HydraFinance

We are in the latter stages of a running impulse move-up. However, the move has run into a corrective phase on which I do see it sliding lower to at least 77.35. At this level, I find a cluster of resistance factors that work great to set as a minimum target, which includes 100 equality in depth between waves A and C, as well as having just underneath an unfilled...

HydraFinance

I had expected to see the index start falling this past week, so it was surprising to see it rise in such aggressive bursts, even leaving gaps preceding the last three days' openings. This displayed great strength which, Im expecting, induced many investors to go long. This in my view is just as intended to trap them and close them out on a loss this upcoming week...

HydraFinance

We have found a strong resistance right along the level of the the fourth wave of one lesser degree, as expected, this current move being the current degrees own 4th in the shape of a zig zag. Given the aggressive nature of the move that conformed into what I believe is a wave C of the zig zag I did expect for it to reach a lower level but failed to see it...

HydraFinance

incredibly as it may seem considering the fundamentals, the trajectory of the Buck against all other currencies looks to still have room to travel. The pattern is moving in the late stages of a wave C up. Specifically on the fifth wave of C. This portends of a violent reversal. The first objective is moving under the channel projected from the end of wave A. Make...

HydraFinance

Originally, I thought this move up would be short and target somewhere along the 50 % area of the previous impulse down but it has ended up proving me wrong. Looking at how aggressive the rally has been since Dec 26 we can take an interpretation that wave B/X took the form of a triangle. This allows us to recalculate our likely zone for this move to end at the...

HydraFinance

Ethereum is looking extremely bullish lately. It has failed to keep up with Bitcoin's moves, which have experienced a series of record all-time highs bit this is about to change soon. The pattern has cleared enough and we look to be moving into a fifth wave, of an overall third wave. Third waves usually record the highest volume and the longest travel on most...

HydraFinance

Looking at the way the price structured the pattern. I lean hard into it moving down into the second swing. We are at the end of sub-wave two of the ongoing second swing at this juncture. Just by logic having wave two end means we are moving into a third wave territory. Third waves are, in most cases, the best and most aggressive move to trade in. Thus the high at...

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We have seen the price close the day under the daily trendline trailing the lows of the uptrend for over two years. We have a view in mind to expect this decline and this only adds solidity on to that scenario. Further and way more interesting is that in the current point we stand in the price, it seems as if we are about to see a third wave move down which...

HydraFinance

Even though the price traded slightly higher than the closing price on Friday, we did not see it make another high. Instead, it has started its descent into forming what I expect will be a more moderate retracement before we continue the upward trajectory. The first swing down, just on the look of it, seems to be at or close to completion. Assuming this is true,...

HydraFinance

We have experienced a nearly uncontested rise in the price of NVIDIA stock for over two years at the current movement(since October 2022), from which it has soared almost 15x what its price was at this bottom. Now the key question is, can I identify a clear wave pattern? The answer is yes. We have a very clear five waves up in an impulse waveform. The completion...

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The structure at the beginning of the fifth wave we are following was a bit difficult to make out at first but as we got more data it all indicates that we are having a third wave extension within the bigger fifth wave. Assuming I am right about the above reading, I expect the market to rally on Sundays open, again establishing an all-time high and turning...

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I identify a clear double ZZ(zigzag) pattern rising from the low made on November 22 of this year. There are multiple reasons to believe the move is over we are in for a downtrend. From a momentum standpoint, we can see that the second swing-up in this move failed to exceed or even match the one of the first. The slope of the second swing is also more slanted to...

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The big insight I want to paint with this image, more than looking at the immediate move down, is about the huge move that Im anticipating in the coming months for the Euro against the US dollar. A bit to early I would say to start building a position on the long side but something to keep in mind. Will update you on the immediate move next, lowering down to the...

HydraFinance

Had anticipated the price to clear the 100K mark. Although it has found it difficult staying above said level I do expect this to be just a transitory resistance. Given the pattern that we are trailing, wave 3 seems to have some incomplete moves to the upside still. Wave four has not been confirmed yet, thus we could see a sideways move to consume more time...

HydraFinance

As Bitcoin approaches the crest of its third wave, nearing the 100K mark, emotions surrounding the crypto king have been overwhelmingly positive. This sentiment is to be expected, especially given the current cycle and the position we find ourselves in. The fourth wave was a bit cheeky since it has what we can call, an unorthodox bottom, given that the actual end...

HydraFinance Updated 

A couple of weeks ago, as the Crypto King slid down the slope of investor hope breaking below the 17k price level, it was interesting to see as its sibling in many ways, Ethereum, failed to make a new low to accompany it. This must not be too unsettling as the corrective pattern Bitcoin was exhibiting was largely unresolved, standing in stark contrast to Ethereums...