Gold has broken down of the Bearish Flag on Daily Chart and it is currently near the retest area. I will be looking to build up my position for short near 1815-1826$
After the Bullish breakout on BTC, the market sentiments have been shifted. ETH has been in ranging market for almost 2 days now after its recent upward move. The impulse waves on ETH have been completed and correction waves have started. I am looking forward to long ETH upon a decent pull back from here.
After the recent 23% correction of BTC completing the Wave 4 of Impulse waves and pushing the price as low as 53.25k , BTC is ready to make new All Time Highs in its Last Impulse wave 5 of the current Bull Market. The trendline support on logarithmic chart, previous Wave 1 top + Local High and the 0.5 Fib level of the Impulse wave 3 managed to hold the prices up...
Greetings Traders, Gold has been in a continuous downtrend since June, 2021 followed by a major crash on 9th August, 2021 which pushed the gold prices to as low as ~1,680 $ to the support level of April - June, 2020 and March, 2021. But the crash was soon followed by strong buying of Gold which resulted in daily candle closure above upper demand zone, but that...
After a good upward rally after making triple bottom on previous 0.618 fib sending ADA to its ATH of 3.1$, ADA has been in cool down phase. It also did not perform well in the recent ALT season or at the time BTC and ETH made their rallies. The reason is because it has been secretly consolidating and preparing for a big upward rally in upcoming weeks while forming...
ETH has been making rising wedge on 1Day and 4Hour chart which is something of a concerning thing for me for time being. Although the price is trying hard to stay above for time being, but if you look at the bigger picture, it would not be an unexpected thing if we witness a correction now after such a big upward move. ETH tried to invalidate this rising wedge a...
BTC bas been loosing its upward momentum for sometime and the wish of seeing BTC in 70k s has been looking farther and farther. The recent double top on BTC right at the ATH has been becoming more and more concerning. The wave analysis on 1D chart on BTC is also indicating the correction wave 4 of Converging Diagonal Impulse waves as shown below: The recent...
Since the previous upward rally of MATIC which started from 2 November, 2020 pushing the price from 0.012$ to 2.7$, MATIC has gone into a consolidation phase forming a Symmetrical Triangle for the past 25 weeks as shown in the picture below: The 5 Triangle Waves (ABCDE) forming on the chart invalidated the previous Inverse Head and Shoulders pattern which was...
Bitcoin has shown strong bullish movement in recent days, but due to the rise in BTC Dominance, alts did not show upward movement as swift as BTC since most of the money was flowing into BTC strengthening its position and indicating new upcoming bullish market movement. In upcoming days, BTC Dominance is expected to retrace a little bit and money will start...
Bitcoin has been one of the major assets which has been expected to enter in the Bear market in these days. Every trader who research a little bit on the Bitcoin can see the constant fear imposed by the content creators that we are going to enter in the bear market before reaching out global all time high. At the moment, the Fear & Greed index for Bitcoin is 76...
Greetings traders. Today I will explaining to you about one of the Harmonic patterns known as "Gartley Pattern" . It has 2 key rules which are: B must retrace 0.618 from point X. The retracement of D must me 0.786 of XA. In all of my previous analysis ever since we were in impulse waves of our recent bull run, I have been pointing on the 37-39k levels...
Since DENT broke its trendline resistance of 1D chart, it has been consolidating near the newly created Demand zone while forming Right shoulder of the H&S pattern which can be observed on the chart. It tried to break the Weekly Trendline resistance but failed to hold the price upward pushing the price below trendline again. The newly created demand zone managed...
When BURGER was launched on Binance, it was considered one of the most promising project. The Burger Swap similar to Pancake Swap provides you with the Decentralized Exchange platform where you can also Stake your platform Coins by providing liquidity. Burger Swap was getting popular among people, but it was soon hit by the Bitcoin Crash of 19th May, which proved...
CELR saw huge upward rally of ~81% since its weekly resistance breakout forming Elliot Waves pattern. The recent slow poison death after Impulse wave 5 and Trendline broken were due to the undergoing correction Wave A. We are currently in Correction wave B and a little sideways movement of CELR along the trendline resistance is expected before if will ultimately...
COTI has recently gone through major price spike pushing the price up by ~133%. Now it is currently undergoing Correction. We have already completed the Correction Wave A and a little upward movement from here up to the golden pocket can be observed which will be correction wave B followed by a hammer which will make it fall as low as 0.475 - 0.43. PS: Failing to...
In my previous analyses, I have been explaining about the recent Converging diagonal Waves. I have also attached the link to the previous ideas and its a follow up of that. I mentioned we will be going toward ~39k region from where we will enter in Wave C. And i believe we have entered correction wave C which can lead us as down as 38-39k. Reasons for bearish...
In my previous analysis on Bitcoin (Linked below), I mentioned regarding the top of Wave 5 is near and we will be seeing the correction waves soon. The top of Wave 5 of converging diagonal waves was at the top of my mentioned Supply Zone which was followed by Correction Wave A. At the time being, we are in correction wave B in which a little upward retracement...
WAVES have broken weekly resistance. Keep an eye on it. Expecting some good pump at least up-till 0.618 Fib.