According to Elliott Wave Theory, XRP is forming a triangle in wave B. Wave A (previous uptrend): XRP completed its wave A, which was a uptrend. Wave B (current triangle formation): XRP is forming a triangle in wave B, which is a corrective wave. This triangle is a consolidation phase before the next major move. Wave C (upcoming uptrend): Once the triangle in...
XAU/USD Technical Analysis Report Date: 21-11-2024 Summary: Our analysis suggests that XAU/USD has completed Wave A of a corrective downward move from $2790 to $2536.85, representing a drop of approximately 9.0%. Technical Analysis: Daily Time Frame Wave Count: - Wave A: Downward ($2790 - $2536.85) - Wave B: Upward ($2536.85 - $2730) - Wave C: Downward...
Bitcoin (BTCUSDT) Technical Analysis Report Date: 21-11-2024 Summary: In 2021, Bitcoin experienced a significant correction, plummeting from $69,000 to $15,467. Utilizing Elliot Wave theory, our analysis accurately identified the subsequent Wave 5 formation, forecasting a substantial upward movement. This report outlines our technical analysis, highlighting key...