ABCD pattern in RILRIL is bullish in daily chart and forming an AB=CD pattern
Expecting a return of 9 to 25% this year
wait to cross above 2626 on day close basis for a target of 2877 and max 3277
AB=CD
ES has measured moves to 6150?ES has measured move AB=CD targets in the 5250 to 5425 and 6000 to 6150 areas.
EURUSDEURUSD Is potentially setting up an ABCD move, PCE data came in and met expectations, with this being a major factor as to when the rate cuts begin, as the FED stated they needed more confidence, perhaps this is the start of a bullish move in the USD crosses, On Friday we saw massive momentum in the Indices and XAU, Maybe we see that move develop more next week.
RFOX Bullish OutlookUNISWAP:RFOXWETH_421429.USD is my main pick for spatial computing narrative. RFOX is a lowcap crypto token with 17M market cap. RFOX max supply is 2B with 65% of it is in circulation according to CMC. Their mission is to empower everyone to play, create and earn in a metaverse without borders. They aim to be the global leader in immersive technology focused on retail, entertainment, rewards and community experiences.
Now from technical analysis perspective. There is a Three Hills & a mountain pattern in the daily chart, a bullish pattern. AB=CD in the chart means the range between A to B is the same for C to D. RFOX is currently in the golden pocket, perfect opportunity to buy.
The first target is $0.02341. I personally think it will go higher and i am playing for long term too.
125.000 will comoing??? Introduction :
In the dynamic realm of cryptocurrency, Bitcoin remains the trailblazer, igniting the flames of a digital currency revolution. As we approach 2025, significant shifts in the landscape hint at a potential surge for Bitcoin. Among these shifts, the introduction and adoption of Bitcoin Exchange-Traded Funds (ETFs) emerge as a pivotal force reshaping the financial terrain. It's essential to note that while this exploration discusses potential scenarios, it does not constitute investment advice.
Bitcoin's Unprecedented Rise:
From its inception, Bitcoin has undergone a remarkable evolution, rising from obscurity to global recognition as a digital asset. Its decentralized nature, limited supply, and increasing institutional interest have propelled its value to unprecedented levels. Year by year, Bitcoin cements its status as a viable alternative asset, attracting investors seeking diversification and a hedge against traditional market volatilities.
The Role of Bitcoin ETFs:
Bitcoin ETFs enter the scene as a financial tool designed to mirror Bitcoin's price movements, offering investors exposure to the cryptocurrency market without the complexities of direct ownership and storage. While the anticipation for Bitcoin ETFs has been palpable, their potential approval and subsequent integration into mainstream investment platforms could unleash a significant influx of capital into the Bitcoin market.
Institutional FOMO:
Institutional investors, once cautious due to regulatory uncertainties and custody issues, are now poised to enter the Bitcoin arena with the advent of ETFs. These sophisticated investors, ranging from hedge funds to pension funds, are attracted by Bitcoin's potential for uncorrelated returns and its ability to enhance portfolio performance. The approval of Bitcoin ETFs could act as a catalyst, sparking institutional FOMO (fear of missing out), driving demand and, consequently, price appreciation.
Retail Accessibility:
Additionally, Bitcoin ETFs democratize access to Bitcoin, enabling retail investors to participate in the cryptocurrency market through familiar brokerage accounts and retirement portfolios. This increased accessibility fosters mass adoption, driving demand dynamics and exerting upward pressure on Bitcoin's price.
Macro-Economic Factors:
Against a backdrop of macro-economic uncertainties such as inflationary pressures, currency devaluation, and geopolitical tensions, Bitcoin emerges as a safe haven asset, akin to digital gold. As traditional fiat currencies face challenges, Bitcoin's scarcity and decentralized nature make it an attractive store of value, enhancing its appeal to investors seeking refuge from economic turbulence.
Technical Analysis:
Technically, Bitcoin's trajectory displays robust bullish indicators, marked by its halving cycles, decreasing supply issuance, and expanding network adoption. Historical price trends and on-chain analytics suggest a bullish bias, with potential for a breakout towards new all-time highs in the upcoming years.
Conclusion:
In summary, the convergence of institutional adoption, retail accessibility, macro-economic tailwinds, and technical factors positions Bitcoin on a trajectory towards $125,000 by 2025. The introduction of Bitcoin ETFs serves as a catalyst, propelling Bitcoin into the mainstream investment landscape and heralding a new era of growth and adoption. While volatility remains inherent in Bitcoin, its resilience and disruptive potential continue to captivate investors globally, paving the way for a digital financial revolution. As we embark on this transformative journey, the ascent of Bitcoin to $125,000 signifies not just a numerical milestone but a testament to the enduring power of innovation and the relentless pursuit of financial freedom. It's important to emphasize that this discussion does not constitute investment advice; individuals should conduct their own research and consult with financial professionals before making investment decisions.
XAUUSD: Is Bull Run Over? Dear Traders,
Hope you are doing great, our last trading idea on Gold turned out to be successful, now there is huge potential of selling Gold for quick 300-400 pips move. There are two area where we can sell big, the first one is currently, and second zone is rejection at 2060-67 area.
Stop loss can be placed around 2057 for first entry and for the second entry place stop loss around 2075. Take profit will be at the identified area.
Good Luck and Trade Safe.
XAUUSD: Imbalance filled, What next?$1990 area had to be filled, we previously had identified this 'imbalance level' and have been waiting for price to fill the area so that we can have a clear view. Since price have filled the area. Now we can see price going towards 2020 and then 2050 only if DXY remain week and other economic data support Gold to rise. In other case, price can drop to 1900$ and rebound from there. We will have to wait and see how prices behave.
Good luck and trade safe!
Unlocking Trading Opportunities: Harnessing Volatility in $NNOXBuy @ 10.98 Sell @ 11.89+
Introduction:
In the fast-paced world of trading, capitalizing on price volatility is key to maximizing returns. One stock that has recently caught the attention of traders is NNOX, with its shares experiencing significant price swings. By understanding recent price movements and technical signals, traders can seize lucrative opportunities in NNOX shares.
Analyzing Recent Price Data:
In the latest trading session, NNOX shares reached a high of $12, highlighting the volatility inherent in the stock. However, savvy traders know that volatility can be a friend, presenting opportunities to enter positions at attractive price levels. At $10.98, NNOX shares present an enticing buy opportunity for traders looking to capitalize on price fluctuations.
Identifying a Technical Signal:
A compelling technical signal has emerged at the $10.98 price level: the formation of a double bottom pattern. This pattern occurs when the price hits a certain level, bounces back up, then returns to that level again before continuing its upward trajectory. For traders, this pattern is typically interpreted as a bullish sign, suggesting potential upward momentum in the stock's price.
Seizing the Opportunity:
For traders adept at navigating volatile markets, the current price action in NNOX presents an opportunity to capitalize on short-term price movements. By entering a position at $10.98, traders can position themselves for potential gains as the stock's price continues its upward momentum, fueled by the bullish signal identified through technical analysis.
Conclusion:
In the world of trading, volatility is synonymous with opportunity. With NNOX shares exhibiting significant price swings and a bullish technical signal emerging at $10.98, traders have a chance to capitalize on short-term price movements and potentially reap substantial returns. By staying vigilant and leveraging technical analysis, traders can unlock the full potential of NNOX shares in today's dynamic market environment.
EURCHF - SellSell EURCHF after the reversal of AB=CD Pattern and the breakout of Rising Wedge.
We'll sell at 0.9537 with Stop loss as 0.95374 and TP1 and TP2 accordingly.
I'll take 0.5% risk of my portfolio.
PIXELUSDT - LONG SETUPPIXELUSDT printing consistent HH HLs and is about complete ABCD pattern at strong support level.
Recently the price is bounced from support zone which is also the 0.786 Fib retracement level.
If the buy momentum continues the next target could be 0.6550
EURJPY, Spring into this ABCD heavenThe first ABCD on the Pic starts the move from the 61% FIb retracement. Just noticing that
Then after the EMAs cross up, take all ABCDs.
Notice how important it is to have the confluence of a previous support.
For sure easy to see after the fact, but such pictures should be part of your collection and prep work so you believe it works.
One of the best indicators I know of... when the Springs work.
Yours truly,
The Spring Hunter
GTAI - Buy now for another 100% profit in a weekTechnical analysis
In the previous analysis on GTAI 7 days ago, I recommended buying GTAI at around 2.2 USDT per coin. The current price is 4.0 USDT, which is a great profit. Can this coin go to 8.0 USDT in 1 week or 2 weeks? I think this is definitely very possible. This is my new, fresh analysis of GTAI.
As you can see on the chart, the price broke out above the ascending parallel channel, which is a huge sign of strength. Usually, what you want to do is buy a retest of the channel. Retest is already happening, so it's probably the best time to buy GTAI for another 100% profit in the short term. From the Elliott Wave perspective, wave (3)(3) is still in progress, so we are in the middle of a very strong bull market.
You can also trade this coin on an intraday basis if you want to make some profit, but make sure you trade it on futures with "longs only" strategies. I do not recommend shorting this coin.
GTAI coin is in the top 10 best gainers of the week, which is a huge success. GTAI is very popular among retail traders. It has around 352,000 followers on the X platform and a huge fan base.
What is GT Protocol?
The GT Protocol's robust ecosystem merges an investment protocol for decentralized Web3 funds management with Blockchain AI Execution Technology, both accessible through the GT API SDK.
The ecosystem includes the GT APP, a Web3 investment platform, which has already amassed 70,000 registered users and has achieved notable milestones, including becoming an official broker of the Binance exchange and securing a partnership with the TRON blockchain.
Blockchain AI Execution Technology: Simplifies crypto transactions, portfolio management and offers comprehensive AI-driven trading and investment tools through an AI conversational interface for both novice and experienced users.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
IMX - Time to buy for a quick 157% profitIMX looks good. The price is inside this bullish parallel channel, and we have a falling wedge pattern that is currently breaking out. It can also be a bullish flag, which is even better if it's true. IMX has strong fundamentals, and the whales are buying. They accumulated IMX at much lower prices, and now they want to send it to the moon to make huge gains. We, as traders, can take advantage of the high volatility and trade it for the short term. A 157% profit is pretty good if you buy this coin on the spot market. Take a profit at the top of the parallel channel. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is Immutable (IMX)?
Immutable positions itself as the first layer-two scaling solution for NFTs on Ethereum. According to Immutable, its blockchain does away with Ethereum’s limitations like low scalability, a poor user experience, illiquidity, and a slow developer experience. Instead, users benefit from instant trading and massive scalability while enjoying zero gas fees for minting and trading NFTs without compromising user or asset security. To achieve that, Immutable is built with STARK zk-rollups, a technology that Vitalik Buterin considers Ethereum to be “all-in on.”
Thanks to this technology, users will be able to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. Chris Clay, the game Director of Gods Unchained, a project already building on Immutable, stated that Immutable allows Gods Unchained to implement a new meta-system that was previously impossible. In this fashion, Immutable aims to create a world-class experience for users and developers alike. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
SP500, high AB=CD, multiple inside bars entryWeekly Bias is UP, Daily is UP as well.
We have an AB=CD which happens above the 38% retracement of the bigger swing up. (some people might refer to this as a high-tight flag).
30 min is showing divergence. The entry is a breakout after multiple inside bars pattern also known as a popgun pattern.
The risk to reward to the previous all-time high is 1 to 5 if no scaling out. Scaling out will still give you some 1 to 3 RR. If you pick a longer-term trailing target that looks pretty sweet.
Bitcoin Analyze ( BTCUSDT ), 1-hour time frame ⏰Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Id
GBPNZD - BuyWe'll put the buy stop as there is bullish divergence and the double bottom which means the price didn't break the previous lower low and may reverse now.
It also forms the AB=CD pattern which suggests the D point as reversal zone.
Entry: 2.04760
SL: 2.03709
Take Profit; 2.0581
Gold Gartley 222, AB=CD from 78% retracementThe pin bar was a reaction from the 78% Fib retracement and also an equal 1 to 1 AB=CD, but now let's see whether there will be a follow-up and price confirmation for long. This level is also a 61% retracement of the bigger swing up so a confluence point. For now, I don't see a definite entry signal unless I want to buy the level which I often do at the higher timeframes.
The risk to reward shown is what will be the target if you pick the 161% extension for a target.
CDOGEUSDT: Bullish Consolidation at 61.8% Retrace and SupportAfter what has been a fast and aggressive 32% Decline, CDOGE has formed a Double Bottom with MACD and RSI Bullish Divergence at the 61.8% Retrace which happens to align with Support and now has climbed back above the 21SMA. With all this in mind I think we will come back up to Square Up and undo that big bearish candle and i addition to that I think we could be setting up for an AB=CD BAMM which would take us up to the 1.618 Fibonacci Extension.
Bitcoin 14% crash to 44k is starting (levels)Technical analysis
Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th wave of an impulse wave. What usually follows is an ABC correction or a WXYXZ complex correction. On the chart, you can see my levels, which you can use as support or resistance (profit target or entry point). These levels are very strong, and the market should react to them. Usually Bitcoin loves to bounce from 0.382 or 0.618 Fibonacci levels, and I think the bottom will be at 0.618 FIB.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
ETH-USD / 15 M / TECHNICAL ANALYSIS BINANCE:ETHUSD HELLO TRADERS, I HAVE DETERMINED THE FORMATION TARGET ON THE CHART.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
NZDUSD-4H-BULLISH REVERSALNZDUSD is tranding in a bearish trend since long time and it will potentially reverse from here after breaking neckline of double bottom bullish points seems more stronger than bullish.
trend is very bearish although it has start consolidating but we would take entry after closing of bullish candle above neck line
XRP - Best time to buy is right now, here is whyXRP is currently sitting on the main support of the ascending parallel channel. This is definitely a great opportunity to buy cheap XRP. We have a leading diagonal wedge as wave (1) followed by a sharp correction wave (2). Wave (3) should be in progress. You can be sure that XRP is a big deal for huge institutions such as banks. They are already investing a lot of money into implementation of this cryptocurrency. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Unlike Bitcoin or Ethereum, the XRPL uses a unique Federated Consensus mechanism as its method of validating transactions. Transactions are confirmed on the XRPL through a consensus protocol, in which designated independent servers called validators come to an agreement on the order and outcome of XRP transactions. All servers in the network process each transaction according to the same rules, and any transaction that follows the protocol is confirmed right away. All transactions are public and transparent, and anyone can operate a validator. There are currently over 150 validators on the ledger, operated by universities, exchanges, businesses, and individuals around the world.
Through the Federated Consensus mechanism, all verified transactions can be processed without a single point of failure as no single participant makes a decision independently. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
GBPUSD, Short, AB=CD Gartley222, Extended pin bar at key levelWe might play out this as a Gartley222. Not entering at the 78% retracement level,
but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move.
Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge volume, but the bar closed at its lowest. Nonvalidation is a good edge at turning points.
The red box is the 61% retracement of the AD leg of the Gartley. Some people use this as a target. I manage the trade differently but wanted to illustrate that even this target provides a good Rirk/Reward rate.
P.S. For the harmonic pattern junkies: the red dotted line might be interpreted in the 1-hour chart as a 3 drives pattern, entering at the level was going to be great. I was personally late for it.
