My latest count for USDTRY. Hard to be sure about the exact numbers due to some weird price action last year (late night moves during the local elections for example) but one thing is for sure, watch 6.09.
Guys, watch this one. If it can stay above the yellow resistance, we will see a massive rally in the coming months. The mega rally may be real. Maybe what we have seen so far was just a beginning?
Expecting more TRY weakness against major currencies. GBPTRY is getting more and more "dangerous". Above 7.90 = Significant risk for much more upside move. There is also an elliot count but I hid it to make the chart more readable. The target was shown, however.
Hello traders. I had a midterm analysis for XAG last year, which I published here (linking below). Consider this one as an update for 2020. Yes, I'm still holding my silver, and added even more during the last 5-6 months (since my last analysis). The chart is self-explanatory. The only thing I should add is the meaning of that ascending sky blue line. That line...
My overall view on BTCUSD and mid-term play + accumulation zones and worst case scenarios all shown via this chart. Don't panic, don't FOMO, be patient and smart. Accumulate wisely and enjoy long term profits. Also take a look to my previous major analysis for BTC's long term play and see how patience and simplified strategies can work like a charm. I am...
Cardano, despite the latest sell-off, still looks good for the long term. It did not close a daily candle below the first blue line (0.035) and this count might still valid. You should now there are some downside targets as well, should this count fails. 0.027 0.029 zone (white box) would be my aggressive buy zone, should the coins crash down one more time....
Stellar is one of my favs, I was patiently accumulating it for the long term. Yes we have some serious downside risk, but eventually, this coin will skyrocket like hell. Patience is the key mates. I expect something like a blue path, but prepared for the yellow path as well.
XRP is not one of my fav coins but I can't deny its current position and how attractive it looks for the long term. Don't expect a major rally right ahead but slow and careful accumulation may provide solid returns for patient traders.
Before getting too excited, watch the purple channel AND the yellow channel's pivot line (dashed yellow horizontal line) Perhaps we already hit the top be careful, BTC and other major coins may still print one more leg down so MATIC is exposed for another major sell-off from here.
Watch out for the white zone, i believe that zone will act as a super solid support. I don't expect a rally from here immediately, it has to consolidate and wait for BTC to pull itself together but I also don't expect dramatic new lows either.
This count possibly still valid. I shared this via my twitter account a week ago or so. Despite the latest sell-off I still believe this bigger play is in the place and valid.
I expect a price behavior something like either sky blue or yellow lines. Blue line has more weight in my opinion, but one should be prepared for the yellow line like alternative scenario.
Although my target was 1689 (attached my previous long term analysis), the chart beginning to look like this tbh. Of course if we lose the purple channel it will be invalidated. And if this analysis is correct, we must see a new and pretty strong up move soon. I will definitely pay a lot of attention to 1689 (to my previous main target) when / if we reach there...
It has failed to jump back into its previous massive parallel channel and it is 4th week we closed below it, which is not good for AUD. There are a lot of potential bullish falling wedge formations (white dashed lines) and IF we see some relieving news on trade wars, AUD might want to try its luck to turn the current structure into one of those wedge-ish...
Possibly AUD will outperform GBP a bit longer, there might be another wave down soon.
I am super bullish on XAG, however be aware that we are too close to a potential correction area as marked on the chart. I would not expect a huge sell from the green line. 17.100 area might be the target for that correction. 16.850 would be the max correction area. If it can shoot higher, up to my primary target area zone (without a notable correction) then...
GBPUSD Extensive Analysis If my wave count is correct, we are in the last wave (5th wave) down and possibly making an ending diagonal with 5 sub waves. I expect GBP to hit 1.2650 or something and then move down to complete the pattern. Again if my wave count is correct, the dip should be around 1.18 - 1.17 area. In other words, 5th wave will be a failed one...
Previous EURGBP analysis did not work, but still, the main resistance is holding the price. If it will reject EUR's advance against GBP for good, then I would expect to see a slow decline towards the bottom. GBP is super weak so I no longer expect a super impulsive decline, however, GBP desperately need good news and may overreact if it can find one.