MDX - Prepare for a massive breakout! + Huge parallel channel
MDX is forming a well respected descending channel on the daily/weekly chart and we are very close to a breakout!
Regarding my Elliott Wave analysis, this massive impulse wave has been completed and that's why we can expect an ABC correction to the upside.
Also we have a local rectangle consolidation, which is always very good to see at the end of the downtrend for a potential breakout trade.
The first profit target is at the strong resistance - wave (4) + double TOP, but i think we can go even higher later.
I think MDX is a great choice together with KP3R!
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Bullish Rectangle
Golem GLM - 2000% gains, hidden GEM!
GLM has been consolidating since 2019 with sideways price action, and it looks like we can experience an explosive move in the immediate short term!
On the weekly chart, we have an ascending triangle and a falling wedge. Both these patterns are generally bullish.
The price is now above the 200 weekly moving average. This MA is considered a strong level by huge institutions and hedge funds.
Golem is listed on all major exchanges, so pretty much everyone can buy it.
This altcoin can explode at any time, and it usually happens very quickly!
The altseason is in progress and you can check out my idea about BTC.D in the related section down below.
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Ethereum ETH - Rising wedge is crashing! Drop to 1250 USD?
Ethereum is unfortunately losing steam, according to my technical analysis.
On the daily chart, the price is printing a clear rising wedge pattern that is currently breaking down! Ethereum has already made a massive 105% gain in 51 days, so I think the wedge is likely to break down rather than up.
As per my Elliott Wave analysis, which is my main specialization - a major impulse wave has been completed and we are prepared for an ABC correction to the downside.
Volume is generally lower during the 5th wave, and this is a textbook example here on the chart.
If we take a look at the RSI indicator, we can spot a nice bearish divergence with a lower low swing on the indicator.
The question is how deep the correction is going to be. We are retracing the first wave, so the correction is usually deeper. You can see 3 levels on the chart where I expect a bounce.
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Bitcoin BTC - Explosive move soon! Next stop, 32 000 USDT!
Bitcoin is absolutely prepared for an explosive move, with a high probability of success.
As you can see on the chart, we have just finished a corrective structure (ABCDE ascending triangle) as wave 2 and now we can expect a massive third impulse wave to the upside!
Triangles usually have a 3-3-3-3-3 structure as per Elliott Wave rules, and this is a textbook example pretty much.
We have a first wave as a leading diagonal and I presume this makes sense from the time perspective.
The next major resistance level is 32, 000 USDT, with some minor resistance for intraday pullbacks.
The major EURUSD pair is breaking out bullishly, which favors Bitcoin because of the weak dollar.
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Binance BNB - Record! New ALL TIME HIGH no one is talking about!
BNB just set a new all-time high after 14 months!
I suggest you buy BNB coin or BNB leveraged token, because this is one of the most bullish altcoins at this moment.
As per my Elliott Wave analysis, an ABCDE correction has been completed and we can continue in the uptrend!
Also, we have a bullish rectangle consolidation (base) on the weekly chart, and the base has been destroyed by the bulls recently.
I expect a 1:1 FIB or 0.786 extension for the next wave.
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Bitcoin BTC - Acceleration very soon! + Elliott Wave
This local correction should be over very soon, and we can continue higher in the uptrend!
It's not an easy task to do an Elliott Wave analysis here, but this is how I see it.
As per my Elliott Wave analysis, we are in the impulse wave 3 of the huge impulse wave 3.
Currently, we are very close to the acceleration point, where we will see an increase in volatility.
I am very bullish on Bitcoin and I would never short Bitcoin on the futures market at the current or even lower price!
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FileCoin FIL - Ready for a bullish action! + Elliott Wave + Base
For a confirmation trade, buy a breakout above 6.41 USDT, which I strongly advise you to do here!
As per my Elliott Wave analysis, the huge impulse wave has been finished successfully and now we are ready for a bullish retracement.
As you can see on the chart, we have a local base (rectangle pattern) and this is something i like to see!
The last trendline of the last impulse wave has been destroyed by the bulls, so another great sign.
The profit target for this trade is 6.5 USDT, which is totally doable, but in the long term, I think we can go even higher.
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Bitcoin BTC - 250 000 USD next target! Bull market continues.
I think there is absolutely no time for a multi-year bear market at this moment.
We had exactly the same correction (73%) as in 2020, and after that a massive bull run started.
As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it.
An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5.
We can reach 250 000 USD next year, probably around December.
2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market.
The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds.
As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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Ampleforth FORTH - Huge falling wedge is breaking out! +Triangle
As you can see, we have a falling wedge on the daily / 3D chart, which is a bullish reversal pattern.
This is a fantastic buying opportunity when combined with a local ascending triangle!
My Elliott Wave analysis suggests that a main impulse wave has been completed, and that's why I expect a bullish retracement.
My main profit target is at the previous resistance (wave 4), or 0.618 FIB.
I think this downtrend is over and we should see some bullish price action in the immediate short term!
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Tranchess CHESS - 1-year trendline is breaking out!
CHESS is completely ready for a massive uptrend!
A 1-year trendline is breaking out on the LOG scale, which is always nice to see.
Price is printing a local rectangle consolidation (base) and if bulls can reach the top of the pattern, then I expect a huge pump.
If we take a look at the volume indicator, we can see elevated bullish volume, so another great sign here!
The impulse Elliott Wave has been finished and that's why I expect at least a retracement to the upside.
Place your profit target at the start of wave (4).
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Radicle RAD - Great opportunity! Bullish base + Elliott Wave
We have a local bullish rectangle / base and if the bulls can break this level, then I expect a massive uptrend!
Also, on the daily chart we can spot a huge descending channel / falling wedge and I think it's the right time for a breakout.
An impulse Elliott Wave has finished, so I expect an ABC retracement.
Profit taget 1 is on top of the trendline + wave (4).
The second profit target is on the main resistance + wave (4) + 0.618 FIB.
I expect tremendous pumps for selected altcoins. You can find them in the related section down below.
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Gold XAU - New bull market just started! Elliott Wave + Channel
Gold is currently sitting on a strong support level on the weekly chart!
We have a great confluence here - an ascending parallel channel + 200 weekly moving average + bullish rectangle.
200 weekly MA is considered as a very strong support by huge institutions and hedge funds.
ABC correction + Wave (4) have been completed, so we can start a new impulse wave from here!
I think this will be the final impulse wave and then we can go back to retest the rectangle from the upside.
You can place your profit target to the TOP of the parallel channel, but do not forget to switch to a LOG scale.
Look at my ideas about Bitcoin and Ethereum in the related section down below ↓
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FTX FTT - The most bullish altcoin! Huge base + Elliott Wave
FTT is one of the most bullish altcoins on the weekly timeframe, together with BNB!
We have a clear very bullish structure (rectangle) and bulls successfully defended previous swing low.
My Elliott wave analysis suggests that we have completed an ABC (ZigZag 5-3-5) correction and we can definitely go up from here!
If we take a look at the volume indicator, we can see a very low bearish pressure, so it's really good to see.
Out profit target can be 0.618 FIB extension from Wave 1 -> Wave 2, but this is just a projection for now.
FTX exchange is growing really fast and there is a lot of demand for the token.
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Marlin POND - Very bullish pattern! +150% in few days + Triangle
This altcoins has an amazing trade setup for bulls!
On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout.
As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now.
On the log scale the price is printing an descending channel and this is a nice profit target for our trade.
This will be a quick trade that can take just a few days.
You can buy a breakout above the triangle, If you want to increase the probability of success.
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NEO - New uptrend! Huge falling wedge is breaking out! + RSI DIV
On the daily chart we can see a massive falling wedge - bullish reversal pattern!
Also we have a second local blue falling wedge, so the probability of a successful trade is higher.
If we take a look at the RSI indicator we can spot a bullish divergence with higher lows, definitely another positive sign.
Regarding my analysis of Elliott waves, the major impulse (5-3-5-3-5) has been definitely completed successfully!
We have a great confluence to open a long position here.
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Dominance BTC.D - ALT SEASON STARTING! + ABCDE Completed
The 14-month long consolidation is over, it was truly an endless price action, but nothing last forever.
ABCDE rectangle/triangle has been successfully finished and now we can finally continue in the direction of the main trend.
According to my analysis of Elliott waves, we are now in the 3rd wave and this can be huge!
Bitcoin Lightning network is still not supported by major exchanges, because it is not in their business plan and this is definitely a positive sign for altcoins.
What to do during the alt season? It's good to pick promising altcoins, which is not an easy task, but even very bad coins can easily pump.
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Ethereum ETH - Bearish trendline is now broken! + 125% PROFIT
Ethereum is currently stronger than BTC on lower time frames, we can clearly see a base (rectangle) that is very close to a breakout!
The main trendline has been destroyed by the bulls and now we are trying to get above the key local resistance at ~1280 USDT.
We have 4 touches from the upside, which is impressive and next try can definitely break the base and result in a pump!
As per my Elliott analysis - ABC correction / Impulse wave (5-3-5-3-5) has been completed succesfully, so we can expect at least a retracement to the upside.
You can set your profit target to 2550 -2700 USDT (0.618 FIB + start of a the gap + breakout level).
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Bitcoin BTC - Explosive breakout soon! + Elliott Wave + Channel
IF you are an Elliott wave trader, you have to confirm that this is a valid EW count.
As per my Elliott analysis, this impulse wave (5-3-5-3-5) has been completed successfully together with major ABC correction from 2021.
On the daily chart we can spot 2 parallel channels and they are both close to a breakout, so with this confluence we can increase our probability!
Next stop is major previous horizontal resistance + start of the gap + 0.618 FIB (around 36 500 USDT - 37 500 USDT).
It is possible that we see this low price for the last time, because Bitcoin is very bullish asset and we are on a major support on the monthly scale (from 2017).
Look at my idea about Bitcoin on the weekly timeframe in the related section down below ↓
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Binance BNB - Strong buy signal! + Elliott wave + Triangle
Elliott wave analysis on BNB was really hard, but this is my outlook on the 4h / daily chart.
Don't forget that BNB on the weekly / monthly scale is extremely bullish, so we should follow the main trend.
We have a broadening wedge / descending channel, which are usually both bullish patterns.
Also the price is printing a local ascending triangle in the end of the trend - good to see!
Impulse Elliott wave for this huge downtrend should be completed and it is possible that we will never see this low price again.
BNB is indeed one of the most bullish altcoin in crypto.
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FORTH - Ready for a breakout! Channel + Elliott wave
On the daily chart, we can clearly see a descending channel / falling wedge, which is ready for a breakout!
Buy a breakout above rectangle + 200 MA + trendline of the channel, we have a nice confluence here, that is very important!
This coin never made an all time high, so it is safe to set the profit target to 0.618 FIB + end of the wave 4 (High liquidity area).
Due to my Elliott wave analysis - Impulse Elliott wave has been completed successfully and we can expect at least a retracement.
200 daily moving average is considered as a massive level by huge instituions and hedge funds.
We have a high bullish volume and I don't see any bearish pressure on the indicator.
If we take a look at the RSI indicator, there is a horizontal level, so if we break this level, that would be great!
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Trust Wallet TWTUSDT - The most bullish altcoin + Triangle!- TWT is currently one of the most bullish altcoin on the market as you can see on the weekly chart.
- We have an ascending triangle - very bullish pattern and you can buy now or buy a breakout above the neckline.
- The platform was acquired by Binance in July 2018.
- The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
- Profit target is around 10 USD (1.618 FIB extension from Wave (1) -> (2)).
- If we check the volume indicator, we can see there is absolutely no bearish pressure, which is good to see!
- Look at my ideas about another interesting altcoins in the related section down below ↓
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STPTBTC - 20 000% opportunity! + Huge Base / Head and shoulders!- We have a massive base on the weekly timeframe / inverse head and shoulders!
- If you love bases as much as I do, then this is definitely your opportunity for great gains!
- Volume looks solid, no bearish pressure and we have a massive volume spike, which is always good to see.
- The price is currently above the POC level, so we can expect a pump any time soon.
- You can buy a breakout above the base for a safe trade with confirmation.
- Look at my ideas about another interesting altcoins in the related section down below ↓
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STORJBTC - Ascending triangle on the weekly! + Record volume- On the weekly chart we can see a beautiful ascending triangle - one of the most bullish pattern.
- If we take a look at the volume indicator - there is a massive volume spike, which is positive.
- The first impulse wave has been completed (hard to catch), but it doesn't matter, because the third wave is usually the strongest!
- You can buy a breakout above the ascending triangle and take profit at the all time high level.
- 20x is possible in next months!
- Look at my ideas about another interesting altcoins in the related section down below ↓
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