LONG Doge is moving in an ascending price channel , and this may make it break through the downtrend to enter new higher levels
TPs & SL are on the chart
Add buy order 2 at : 0.7060
DOG
ZECUSDT|Coin Review|Hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
▫️Locally, the asset is in a downtrend, the plan for a deal is from the breakdown of the countertrend of the double line.
Sample deal plan:
▪️entrance - $72.65
▪️take profit - 79.65
▪️Stop-loss - 69.90
▫️Not financial advice, just sharing my thoughts, only you are responsible for your transactions!
▫️Happy trading and good mood everyone.
BTCUSDT Fixing above $23,000 is this to the moon?hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
I want to update the #BTC chart a bit
-It seems that the growth continues after the news of the Fed in order to lead people into a trap, so that they would believe in a bear market reversal, this can happen if the price can be kept locally above $23.000
-There is also an option that the price will test up the channel on the daily TF and we will go down. CZ also adds fuel to the fire with his tweets, gives hints towards DUMP...
-As for me, we should be loaded again below $20.000 after which we will see the real To the Moon
BNBUSDT Review for today hello trader Today I prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅
At the moment, the asset is testing the lower border of the channel, I think there will be a rebound from the support line soon.
Also pay attention to the RSI indicator is in the oversold zone.
Do not forget to follow your risk management, the stop was set outside the channel zone in case of a skid.
Post on Elliot Waves as a method of technical analysisElliot Waves is the author's theoretical development, which represents the development process with all its changes in our society and in the financial markets in particular through the formation of special recognition models.
Elliott waves can be interpreted as a graphical method of technical analysis, thanks to which it is possible to assess the behavior of market participants by studying the direct price waves of movement.
Each trend has its own structural sections, called waves, and they are often repeated. It is customary to distinguish two types of waves - impulsive and corrective.
Impulse patterns are characterized by movement along the main trend, while corrective ones show the adaptation of movement under them. The key analytical figure is presented as a combination of an impulsive and corrective wave. Schematically, this is indicated as 1-2-3-4-5/ABC. Then there is a division into lower-order waves.
All waves of the impulse type are indicated by numbers from 1 to 5, and the corrective ones are assigned the letter A, B and C. As Ralph Elliot stated in his theory, in each trend there is a combination of fives and triples, that is, a combination of impulse and corrective patterns .
five wave model
Market price movement is displayed in the form of 5 waves. The first, third and fifth are waves of directional movement, that is, impulse ones. The second and fourth are the waves of the opposite movement, that is, corrective, or rollback.
The author of the theory attributes three invariable properties of the five-wave model:
1. the second wave never crosses the starting point of the first wave;
2. the third wave is never characterized by the shortest length of all five;
3. The fourth wave can never enter the price territory of the first wave.
Benefits of Elliot Wave Theory
The main advantage, which is also a unique characteristic, of this method of technical analysis is that such structures are formed both in an uptrend and in a downtrend.
If we consider the second case, when the market belongs to the bears, then the market situation will be a mirror image of the bullish structure:
impulse waves 1-3-5 become descending;
waves 2-4 are ascending corrective ones;
A and C become corrective ascending, and B becomes corrective descending.
It is important to take into account the fact that the structure of the trend is not tied to the time frame, so the intervals cannot affect the formation of waves in any way.
Elliot waves and their graphical interpretation
It all starts with charts, so you need to use indicators to apply wave theory. It is best to display the chart in the form of Japanese candlesticks, which combines informativeness and objectivity.
On the chart, the wave structure looks like this:
We open deals using the conservative method
When the movement towards the original impulse resumes, we draw a signal line through the pivot point and the point of the expected end of the correction.
It is appropriate to open a long position at the maximum of the first wave of movement. If the price chart has not reached the level of the order and its reversal begins with the breakdown of the signal line, then you are monitoring its behavior so that the fall does not reach the pivot point and below. When the growth resumes, the line will be corrected relative to the new minimum level.
If you placed an order right away, you continue to monitor the behavior of the signal line. When the price reaches and touches this level, it is necessary to close the deal and place a new order, the level of which will correspond to the extreme maximum.
How are indicators used in Elliot Wave trading?
There is no ideal indicator that can quickly and effectively form a wave cycle. Now it offers a wide range of different modifications, and traders can choose the instruments that suit their strategy and their financial goals.
The most popular indicators for technical analysis and detection of wave structures are:
Elliot Wave Oscillator
Elliot Wave Prophet;
watl.
Consider one of them
Elliot Wave Oscillator
This indicator displays a histogram, reminiscent of MACD. The highest peaks will correspond to the third driving wave. It can be used to analyze any time frame, but it is better not to use it if you trade on too short time intervals.
When the histogram crosses the zero mark in the direction from below or above, a divergence will appear, which signals the end of the next wave structure.
When during the first corrective movement the oscillator breaks through the zero level in the opposite direction, then the creation of the third wave should be confirmed by a new divergence. If it does not occur, it means that the calculation of the starting point of the model was incorrect.
Conclusion - Robert Prechter noted that Ralph Elliot never thought about why the market formed such a "5-3" wave pattern. He focused on data analysis and drew appropriate conclusions, acting on the principle that everything is explained by the cause of the inevitable cycles inherent in the nature and psychology of the crowd.
Elliott waves should be treated as a theory, not a full-fledged technical method of analysis with guaranteed performance, while not forgetting the subjective factor. Accurate wave forecasting takes a lot of practice and experience.
SHIBAUSDT This is probably the end of the growthHello everyone
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SHIB Shows good results, after the last signal +30%
What is happening on the chart? The asset has broken through the local trendline and then gives a light 30%
What do I expect next? I think that the breakdown of the 0.2 Fibonacci level will somehow fix above this level, after which the price will begin to fall to the level of $0.0972
madness, as is traditiontook some profits last summer, along with a much needed hiatus. figured that was the best way to keep the aforementioned profits.
shes a moody puppers. if this week closes anywhere below .15 then I'm not buying until 0.12 at the very lowest. IF she manages to hold this level, then we have seen the shiba's shadow and it will be another six weeks of winter.
Shiba anus🐺shiba looks to be retesting very good spot i think. ofc dyor and only risk what your willing to lose.
its on the golden pocket a nice trend line, retesting, but like always bitcoin is in a weird spot so be prepared for anything. the green path isnt going to be exact but could be a decent indicator of what will happen when targets get hit. pink line i think would be a good buy area we will have to look and see how it reacts to it as we go
have fun good luck.
DOGE HOPESO DOGE In a support area it is either a spring up or down but unlikely to be down due to you know who so
let's just buy this support
thanks Dao Jones again. I won't check news and stuff
LONG DOGE FROM SPRINGThe Wyckoff Accumulation schematic and DOGE/USD price look very similar. We'll know really fast if this idea is invalidated because the schematic suggests very quick appreciation in price after the spring. Price has been rangebound for months and if I've learned anything about long accumulation ranges on meme coins its that they break upwards.
Shibcoin Long AGAINTarget .00015 due to the flag having 5 higher lows and staying inside the consolidation lines. ready for BULL again.
SHIB sandwiched between two opposing zonesFor a continuation of the uptrend, I would like to see SHIB breaking the supply zone marked in red, for me to start looking for long entries, but if price breaks the demand zone marked in green, we might roll way down. We're up on the daily but LTF can roll and fool us without breaking any important support/resistance zone.
Are you bullish or bearish?
The doggo going out ?
After all the fomo on DOGE and SHIB this year, le price is finally in consolidation mode, if a break out has to happen, big chances it's from here.
Easy to manage the risk when price break the trendline.
+ Bullish divergence on the RSI as you can see.
Want to see more set ups like this one?
--> Join us at Subverto Trading Club !
ADA/USDT triangle is made to move up again with the support of 1.88.The first scenario is a triangle collision and pullback failure and increase.The second scenario is a collision with the triangle ceiling and a price drop to the triangle floor and a price increase.
ETN TOOL ALERT FOR POSSIBLE 37K AREA with first 1.3 CONF.Hello trading friends,
As we know ETN tool was all time right - and since today's new TA update and the intern counting on it for the long term - it shows that 37K is a possible target for BTC.
Know that ETN doesn't work on a 1-day chart, it's the coming time expecting for BTC. and it can take long term before this target will come out, as it happened before all times.
These are the first reading trend from the ETN tool, and with time we will confirm more details.
What means the targets of ETN?
it means it could be that next month will not happen to much change, same time possible that it can go in one time as we did predict. but ETN predicts at a long-term price like that it will hit 37K before 60K.
Have a great day
💎Manage always your risk it will stay crypto.
DJI - Potential ABC downDJI with potential ABC down forming the C wave down now.
Seems more likely than a push back higher with the RSI trend and regression channel issues.
Liking the .50 fib for a fairly swift retrace target, but might bounce/hold at the 200-day MA as it did back on July 8th.
A few noticeable price gaps on the 3-hr chart including one very near the 50% fib.
Long DOG calls.
Not financial advice.
Doge: The Final Frontier. Round 3 Can Doge do it again ;)
It'd be crazy, disgusting and awesome.
Ciao
WARNING SIGNS DJI Bear case for DJI presented with an ABCDE correction unfolding. My take - E WAVE down on deck. Price target provided.
Last summer starting in August and running through all of October DJI witnessed an ABC correction which is highlighted on the chart for comparison. However, last time - following the correction the DJI price smashed up through a potential triple top formation clarifying that it was an ABC down and that DJI was done correcting (No ABCDE Correction).
Today's price action on DJI stalled out @ ~35K and sold off (note = lower high than May 10th) , thus potentially completing WAVE D up in the chart as shown. Stoch and RSI pointing downward and Woodies CCI appears to be confirming the trend. Further, the recent lapse as highlighted in the Stochastic indicator where it could not get Overbought for several days is flashing a warning that DJI is top heavy/needs to correct.
Futures price action tomorrow and the rest of this week will likely be telling, to see if the price can power up like it did last October - however will still need watch for a potential megaphone top on DJI, but if it flies up like last time, bear case will be suspect.
Hearing more and more that early Bears will be squeezed - nibbling on the short side only, waiting for confirmation.
Not financial advice.
DOGE Long Term PathA large up channel has acted as support on the bottom of the channel and resistance at the top of the channel, obviously. Within the last week, we saw a strong reaction off of the bottom of the channel. A break of the falling wedge to the upside may send DOGE to the top of the channel. The green circle highlighted at the top resistance line is a possible reversal area.
