Get started

Correction

HelenP. I Euro will small correct, after which continue to growHi folks today I'm prepared for you Euro analytics. A not long time ago price reached the 1.0825 support level, which coincided with the support zone and soon broke it. After this movement, the Euro made a strong impulse up to the 1.1000 resistance level, which coincided with the resistance zone, but at once rebounded and made correction. Then the price continued to move up and rose to the 1.1000 level again, but this time the Euro broke it and rose to the trend line. Next, the price rebounded from the trend line and made an impulse down, breaking the resistance level one more time, after which EUR rose to this level and then continued to decline near the trend line. As well, the price formed a wedge pattern, where the price fell to the support level, after which it rebounded and made an impulse up, exiting from this pattern and breaking the trend line. At the moment, the price continues to move up and I expect that the Euro will make a small correction, after which the price will turn around and continue to grow to the 1.10000 resistance level, which is my target. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
2
A dump is going to be happen for BTC up to 36K or more!Hello dear traders, Take care of your positions because of the current situation of the crypto market. According to my analysis on the BTC and many valid indicators and price action, Weakness in bulls power is clear. So I expect to see a correction before the next bullish wave. 47,000$ is a major resistance and is preventing price from going higher, IMO we will see a correction up to 36,000 support area (According to the chart) and the the next bullish wave can start from that area. If you see my previous analysis on the BTC, I expected to see breakout of current major resistance (47K) But It seems we don't see that breakout soon.(Analysis is attached) I will update my analysis at that point, Stay tuned!
Short
by TahaZargar
$NVDA COMPLETE ELLIOT WAVE ANALYSISI have identified all the wave counts visible on the weekly chart, and while they make sense to me, I acknowledge the possibility of errors, given my relatively new exposure to Elliott Wave analysis. It's evident that we are currently within wave B in the overarching wave count. Anticipating an elongated wave B due to various sub waves, my expectation is for wave B to reach the designated green pivot area before completing wave C well below the 2022 low.
NASDAQ:NVDA
by thekidtrader11
Ethereum's Complex Correction: Short-Term vs Long-TermThe cryptocurrency market has experienced significant volatility, and Ethereum (ETH) is no exception. Following a complex correction, Ethereum's current price movement suggests that the bottom may not yet be in sight. In this update, I will dig into the ongoing correction, explore Ethereum's short-term outlook, discuss the potential for a rally, and consider its long-term investment prospects. Understanding the Correction Several months ago, I predicted that Ethereum would reach its peak somewhere between $2000 and $2500. While this prediction still holds potential, it appears that the upside momentum is currently favoring altcoins rather than Ethereum itself. Observing the chart, we can identify a large ABC correction within a WXY pattern, likely completing a larger wave 4. I believe ETHUSD will find a bottom in the coming weeks, possibly within 3-4 weeks, before commencing a rally toward the end of the year. Caution in the Bullish Environment As the market sentiment turns bullish, it is crucial to exercise caution. Historically, this has been a turning point, signaling a potential reversal in market direction. Remain vigilant during this period, as the market may swiftly transition into a bearish phase in 2024 , potentially pushing Ethereum to new lows, at least compared to recent years. While it is too early to make concrete predictions, the possibility of Ethereum dropping below $1000 cannot be disregarded. Long-Term Price Targets and Dollar Cost Averaging Despite the short-term uncertainties, Ethereum's long-term price targets remain bullish. Dollar cost averaging into cryptocurrencies like Ethereum and Bitcoin for longer-term investments is not a bad strategy to employ. In the coming decade, Ethereum could potentially reach price levels around $20,000, particularly if negative events impact the US Dollar. A collapse in the dollar index tends to drive appreciation in the value of cryptocurrencies and other assets. Short-Term Considerations and Bitcoin Dominance In addition to the outlined chart analysis, it is important to monitor Bitcoin Dominance in the short term. The dominance level breaking through 50-52% suggests that Bitcoin, as the market leader, may regain its dominance. This shift could impact the overall performance and market sentiment for Ethereum and other cryptocurrencies. Ethereum's recent correction has introduced short-term risks and complexities, making it challenging to determine an immediate bottom. While a rally into the end of the year is possible, be cautious as market dynamics can change rapidly. For long-term investments, dollar cost averaging into Ethereum and Bitcoin is a prudent strategy, considering the potential for substantial price appreciation. However, investors should, as always, stay informed about global economic factors, particularly the US Dollar, as they may influence the cryptocurrency market as a whole. By closely monitoring market trends, employing risk management strategies, and keeping a long-term perspective, investors can navigate the complex landscape of Ethereum and position themselves for potential gains in the evolving cryptocurrency market.
COINBASE:ETHUSD
by bitdoctor
1
BTCUSD Is Pointing Higher After A CorrectionBitcoin remains at the highs at the beginning of 2024, so we assume that more upside can be seen as recovery is acting like an impulse. As such, be aware of further gains within a five-wave cycle, where we are tracking higher degree wave III up to around 48k - 50k area. Looking at the 4-hour chart, we can see some sell-off after Matrixport’s latest report claims that the SEC will reject all Bitcoin spot ETFs in January, and final approval may be achieved in the Q2. However, we are still tracking two counts at this stage due to an upcoming decision of SEC on spot Bitcoin ETF. As a primary count it can be trading in an (A)-(B)-(C)-(D)-(E) bullish running triangle pattern within higher degree wave 4 before a bullish continuation for wave 5. But, according to secondary count, keep also in mind that recent jump could be also 5th wave out of wave 4 triangle pattern, so we should be aware of a larger, deeper and longer A-B-C corrective setback down to 40k-38k-35k support area.
BITSTAMP:BTCUSDLong
by ew-forecast
2
Bitcoin (BTCUSDT) Supply Area Proximity and Market SentimentsSince September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market. While the long-term trend remains strongly bullish, a healthy correction could be beneficial for sustained growth. Additionally, the remarkable surge in altcoins over recent months, though exciting, indicates the need for a potential pullback. As long as BTC is below the current supply area, we anticipate a 20% correction to test the double Fibonacci support at $36k.
by CryptoPAMM
4
BITCOIN LIQUIDATION EVENT 01/03/24 - ALTCOINS MASSIVE GAINS OP!Today we've experienced a crazy liquidation event in the Crypto Market. Bitcoin moved from 45k until 40-41k depending on the exchange. Altcoins lost 20-40%, but many of them already recovered half and some up to 100%. ARB, GMX and ENS did pretty well. Right now, as long as Bitcoin holds this ORANGE TRENDLINE that goes back untli January 2023, on a daily closure, we are fine for continuation. Targets: 47-48K We are close to the near of the Wave 3. Wave 4 correction is near. Right now the best plays to buy Altcoins, since many of them still have to appreciate on value in the comming month. Altocins to watch: XRP THETA FIL XLM IOTA MATIC
COINBASE:BTCUSDLong
by xReve
Bitcoin: We Are Entering Re-Accumulation PhaseWith the expansion phase being on the higher high zones, we are soon to enter the re-accumulation zone, which means we might see some sharp movements soon and a potential movement to the lower zones to liquidate the majority of the long position before finally entering the bullish market! We are still 4 months away (around 127 days) from the next halving, and recently we witnessed a nice expansion phase that resulted in a ROI of 175%. This is more than enough for the expansion, which means we are going to enter very soon into the re-accumulation phase. Swallow Team
BITSTAMP:BTCUSDShort
by SwallowAcademy
Nifty - Surgical Precision Target & CorrectionOn Weekly Chart - After the Cup and Handle BO - Nifty retested the BO zone and bounced forming a Rounding Bottom BO. The Target for RB is 21820. The Multi-year trendline resistance is likely to cross around 21900-22000. Given India Vix BO, Nifty might face sharp correction after testing 21820-21900 levels. Keep a tab on individual stocks and their support levels After reaching the Target of Rounding Bottom BO at 21,820 - Nifty faced with a Sharp Correction Precisely from the target level This is the speciality of Technical Analysis. Technical Analysis is NOT based on Hope / Expectation / Trust on Management / Company / not a Future Forward state. A Chart Pattern is formed by "Herd Consensus" - How Majority People Behave, How Big Players / Operators create a situation of Demand / Panic Selling manipulating the minds of Majority Retailers. Technical Analysis is simply a Scientific & Mathematical model of Human Behaviour and I see it as my Bhagavad Gita / Holy Bible / Quran. It already encompasses Hyped News messages from Media, Fraudulent attempts of some company management, Actions by Regulators, Company's product focus, future vision everything and is engraved in stone and hence cannot be changed. This is why and how Technical Analysis works successfully Disclaimer: Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:NIFTYShort
by Stocks-n-Trends
AMD, Worst Case Scenario and it still suggests making a new ATH!It seems madness to talk about making a new ATH these days with such a panic in the market due to FED's decision to raise the rates .Please follow the analysis to see if this is really a madness or just being realistic without caring to much about emotions , feelings and NEWS !. What I am proposing here on the chart as wave count is what I can see as worst case scenario however, I welcome and embrace any more pessimistic wave count which anyone can suggest. So, If you have such a wave count please let me know and let us share our ideas. I divided the chart into two sections with a vertical line to keep the chart clean and being focused on details of latest moves. I called the left side of the chart as territory of cycle degree wave 1 and 2 which means we are currently in cycle degree wave 3 started on 27th July 2015 at 1.61 USD. Why I call this wave count as WORST CASE SCENARIO? Since, I considered a completed cycle with start point at 9.04 USD on 4th Apr 2018 and end point at ATH with extended wave 5s in all subdivisions ! As we know extended wave 5 is usual in commodity not stock market . What is common in stock market is extended wave 3 . I remarked extended wave 5s in different wave degrees on the chart. It is really a pessimistic wave count. Yet it is valid . Considering this wave count as a true one , We are in primary degree correcting wave 4 (circled) and still there is one leg up to new ATH around 180 USD to make cycle degree wave 3 complete. Possible buy zone for this scenario is shown on the chart by green box. If this scenario happens , We will have a big correction at new ATH, Then another massive bull run and after that a big crash ! but, It is to soon to talk about. In upper left corner of the right side of the chart , I showed a schematic drawing of an extended wave 5 with it's typical retracement. Typically, retracement of an extended wave 5 ends is top of wave 3 or wave 1 of 5. This guideline makes our suggested buy zone even stronger. WORST CASE SCENARIO implies that we may have more optimistic scenario . Is there any? Of course there is . Since bodies of candles of current down going wave more than likely will enter to the territory of what labeled as wave 3 of (5) of circled 3 in daily time frame, we can consider wave cycle started at 72.5 USD on 13th May 2021 to be completed at ATH on 30th Nov 2021 with extended wave 5 .( There is alternative wave count which also considers this cycle a completed one but makes no difference in terms of price target in broader view). Also , extended minor degree wave 5 for intermediate degree wave (1) can be acceptable since both retracement and correcting pattern satisfies extended wave 5 pattern (See schematic drawing once more ). But , What about extended wave 5 of (3) starting at 36.75 on 18th Mar 2021 and ending at 99.23 at on 11th Jan 2021? Neither amount of retracement nor the correcting pattern confirms this to be extended wave 5 !. If so, It can be considered as wave 3 of a different cycle with last up going wave (from 72.5 to ATH) being extended wave 5 of same degree and up going wave from 27.43 to 59.27 being wave 1 of same degree. In even more optimistic wave count this can be wave 1 of a new starting smaller degree up going wave cycle ! Try not to be confused ! All of these means that we may have more optimistic scenario with more up going waves with successive new ATHs one after another. All in All, I assume that in worst case scenario, cycle degree wave 3 is yet to be completed. There are even more optimistic scenarios. Please let me know if you can make a more pessimistic yet valid wave count. As I previously emphasized , I believe AMD will see unbelievable targets in long term. Hope this analysis to be helpful.
NASDAQ:AMD
by SaeedSajedi
27