EURUSD - The downtrend is at the end! Elliott Wave + Channel
The EURUSD is successfully holding the 1.0 USD level. This is indeed a significant psychological level, and we haven't seen any weekly or monthly candles that closed below this level.
On the RSI indicator, we have a bullish divergence on this daily chart, and we also have another triple bullish divergence on the weekly chart as well! So, if you like divergences, this is definitely your cup of tea.
As per my Elliott Wave analysis, this huge downtrend should be over (or 1 last wave to the downside), and that's why I expect a corrective move to the upside (ABC correction). Let's see how big this upcoming retracement is going to be.
On the daily chart, we can spot a beautiful descending parallel channel, and if you prefer to wait for confirmation of my bias, then you can wait for the channel to breakout.
As you can see on the chart, we had 2 fakeouts during this downtrend, which indicated a corrective move. Usually, the third breakout is real!
The profit target is at 0.618 FIB + the start of wave 4.
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Descending Channel
Ripple XRP - Market overview + Elliott Wave analysis
XRP is a very weak coin this year, and this trend will probably continue for another year. I'll tell you why.
During the bull market in 2020–2021, XRP failed to print an impulsive wave and also failed to make a new all-time high. Instead of an impulsive structure, we have an ABC correction.
This tells us that the bulls are not strong enough yet to push the price higher and that the bears remain in full control.
I think XRP will experience a massive uptrend on the weekly chart, but we still need to be patient and wait for the opportunity that should come later in 2023–2024.
As per my Elliott Wave analysis, this bearish structure is absolutely incomplete, and that's why I expect another down-trend.
The chart printed a symmetrical triangle on the weekly chart that broke down. Symmetrical triangles on weekly timeframes are especially powerful, and it usually requires more time for the bulls to regain strength again.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Binance BNB - Stronger than ETH! Best time to buy?
As I mentioned in my previous analysis, BNB hit a new all-time high on the BNBBTC pair, which is an extremely bullish event!
Also, BNB is stronger than ETH, and as per my analysis of the BNBETH pair, the uptrend should continue into next year.
On the daily chart, we can clearly see a falling wedge pattern that has been destroyed by the bulls recently. Now we are "retesting" the pattern.
My Elliott Wave analysis suggests that a major ABC correction has been completed and we have already started a new impulsive wave to the upside. Currently, we are in the second corrective wave.
Binance coin is definitely a great choice and with an upcoming alt season, this altcoin will perform much better than Bitcoin.
Look at my ideas about BNBBTC analysis and other promising altcoins in the related section down below.
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Alpine Formule 1 - Breaking out! Huge opportunity, right now.
As you may know FAN tokens show great strength compared to other altcoins.
A huge symmetrical triangle is breaking out on the weekly timeframe, as well as a local rectangle base!
Due to my Elliott Wave analysis, I expect an impulsive wave, because the massive ABC correction has been completed.
I also checked out the ALPINEBTC pair, which is even stronger, so I don't know what about you, but I am buying!
The profit target is below the previous all time high, which is a reasonable target before a possible correction.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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EURUSD-Weekly Market Analysis-Aug22,Wk4EURUSD is on its bearish run on all 3 major timeframes, the daily, 4-hourly and 1-hourly timeframe. Check out the bearish channel drawn on 10Jul, link at the bottom of the TradingView post; you can observe that when you drew the channel correctly, you can see the market respect the channel by stopping and reversing at the end of the channel. That is when you know you did your analysis right.
If you are trading off the lower timeframe, the 4-hourly chart, you could wait for the market to pause and reverse at 1.0138 for a trend trading shorting opportunity.
Never underestimate the accuracy of structure trading and basic chart pattern; once done right, they are the most powerful trading setup.
EURUSD | Interested AreaEURUSD in a down channel.
I expect that the price will be touch 1.04000 or D areas (fresh supply zone and resistance trendline). But the question is, where will the price start from?
Here are some interesting areas that I have marked.
A = 0.99894 - 1.00092
B = 1.01192 - 1.01434
C = 1.02359 - 1.02788
GBP/USD: Daily outlookSterling Pound/U.S. Dollar forming a bearish channel and we're in the consolidation, today analyzing the Daily timeframe, I found out this chartist pattern where after the price break-down this consolidation, Pound could to drop to $1.1820 USD and find down opportunity to short Pound in front of U.S. Dollar
This it's my Daily analysis and my update to know the situation in medium term in Pound!!!
I hope that this analysis support you
Remember, we're shorting Pound in front of U.S. Dollar, and the early, Pound move positive the Consumer Price Index and raise 10.1% vs the forecast 9.8% what that was a little manipulation and liquidation of the trades, what i made a re-entry to short in $1.2117 USD as yesterday I was shorting from $1.2086 USD and hit my SL, now I'm in short again recover the loss that for now, I recover it and my extra earnings to earn.
Also, the first analysis of this week was Australian Dollar/Canadian Dollar that we take profit and I get 6.03% in earnings, also Aussie continue drop, but not bad, but my analysis was very good and my prediciton very well.
NEARing the bottomRecently, I made an analysis on NEAR where it was trading within an ascending channel. It traded inside it for a short amount of time but eventually broke out of that channel and has been trading within the descending channel shown above.
I expect that NEAR will continue to trade inside this channel for the short-term but is approaching a short-term support zone at ~5.17. If it holds, NEAR can push toward the upper bound of the descending channel. If the support does not hold, NEAR can continue trading downward in the channel until its next major support zone at ~4.57.
As always, this is not financial advice and all information is for educational purposes only. Please feel free to leave any thoughts and comments below.
AUD/CAD: Short position by fundamental newsAs today, I short AUD/CAD from $0.9076 CAD, Stop Loss to $0.9104 CAD and take profit to $0.9023 CAD. All update for now!!!
What I see it's that AUD/CAD break out this bearish channel formed in H4 timeframe and we see a good opportunity that I'm shorting now
Now, watching in H4, I believe that price will need to make a reaction in the up trend line that I extend now and show you by blue arrow a point that posible to entry to bought inmediately after this drop that it's happening now by China economy. We could to see a support at $0.9026 CAD as main support to take in note.
In based the fundamental news, it's that Chinese industrial, retail sales fixed asset investment fell in the estimate today data in China economy with concerned about the disappointing global recession fears. i see that this will affect the Asian currencies to short position by this bad speculate in the world. I'm shorting Australian Dollar in front of Canadian Dollar now!!!
If you short AUD/CAD from by signal in the noon, we're in profit for now to find up 55 pips as target.
Good luck!!!
I put my link to related idea my first simple analysis, this it's the udpate!!!
Swash - Breaking out! Record volume + Base
We have an amazing bullish rectangle pattern on the daily chart that is currently breaking out!
If we take a look at the volume indicator, we can see that bullish volume is now the highest during this breakout.
You can buy SWASH right now, because the structure is already broken and the price can basically explode anytime soon. This is definitely a great buying setup.
Price is above all previous trendlines and also above the key 200 MA on the daily chart, which is also a great sign.
As per my Elliott Wave analysis, an impulse wave has been completed and I expect an ABC retracement to the upside.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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It looks like an AMAZING TRADE!
Have a look at this Down Trend!
It looks like it's testing the resistance.
I am looking for an excellent short inside the trend.
Disclaimer!
TRADE SAFE.
DON?T COPY ME, ITS ONLY INFO
AUDJPY | About to start a new bearish movement
AUDJPY is still within a descending channel and reached a level to either breakout the channel or stay within it and start a new bearish movement...I'm personally bearish but i will wait for confirmation on the 94.600 level before opening short positions.
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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!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
For more ideas, please hit "Like" and "Follow"!
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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1INCH/USDT TRADE SETUP! READY TO FLY!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this 1INCH/USDT trade setup.
1INCH looks very good here. Breaking out from the descending channel. Price is holding inside this channel for almost a year. It also tries to break out from the horizontal support. So I'm expecting a bullish rally soon. Buy some now and add more in dips.
Entry range:- $0.80-$0.87
Target1:- $1.001
Target2:- $1.262
Target3:- $1.551
Target4:- $2.021
SL:- $0.70
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Thank You!
USDCHF | In consolidation phase, good time for BUY position
USDCHF have been in consolidation phase after breaking the descending channel and being now on the support level gives the opportunity to open BUY position targeting the resistance level.
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Basic Attention BAT - Huge breakout soon! + Head and Shoulders
BAT successfully completed an ABC correction from the last impulse wave and is potentially prepared for another massive impulse wave to the upside!
The chart is printing a local inverse head and shoulders, bullish reversal pattern, and we are really close to a breakout.
This can be a good breakout trade above the head and shoulders + trendline (channel).
The first profit target is below the all-time high, because I think we will need more time for a possible consolidation here, and then we can go much higher.
The price is still below the key level of 0.444 USDT, so we still need a confirmation from the bulls.
I recommend buying a breakout at a new swing high (0.4595 USDT).
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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TOTAL Crypto market cap - New rising wedge on the weekly chart!
2023 is going to be a very bullish year for crypto in my opinion!
I believe we can reach a market cap of 6-7 trillion dollars by December 2023.
Most likely, you have never seen this rising wedge elsewhere, because it's a brand new pattern on the weekly scale (LOG).
200 moving average is considered a strong support by huge institutions and hedge funds, and the bulls successfully defended this area.
As per my Elliott Wave analysis, the ABC correction has been completed on the macro scale, and now we are ready for another bull market.
We have a tremendous confluence to buy cryptocurrencies at this moment, as you can see on the chart.
I expect massive gains for selected altcoins. You can find them in the related section down below.
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