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Elliott-waves

Expecting an upside breakRecently, I published an analysis on this currency pair in which I mistakenly drew the target price for wave B. Generally, corrective wave B is equal to wave A in terms of time and price, and wave B is often shorter than wave A. Currently, wave B is equal to wave A in terms of time. Additionally, the price has recently formed a triangle pattern, and it’s expected that once wave B is completed, it will break upwards from this triangle, complete wave C up to the end of the channel, and then resume its downward trend. So, we are waiting to see if the price will break this triangle upwards or downwards.
Long
by Market-Analyzer
LINKUSDT - Elliott Wave Analysis - BullishBINANCE:LINKUSDT LINKUSDT - Elliott Wave Analysis - Bullish Article: The price chart analysis of ChainLink (LINK) using the Elliott Wave Theory, with lines drawn by this indicator, highlights it as one of the cryptocurrencies to watch. The long-term (1-week) price chart of ChainLink (LINK) has shown a bullish movement since 2020, breaking through several key resistance levels and continuing to climb steadily. The structure created by the indicator's automatic line drawing clearly shows that we are potentially in wave 3 of a bullish trend while concurrently in wave C of a bearish correction. Therefore, we expect prices to reach levels at $86, $105, and $137 respectively. However, other factors should be considered when forecasting future price directions such as fundamental asset factors, technical factors, and economic conditions. The fundamentals for LINK are strong due to its popularity as a DeFi project with increasing real-world usage. Technical indicators support an upward trend. Factors supporting the upward trend for ChainLink include: Growth in real-world usage of ChainLink. Partnerships with new allies. Launching new products and services. Risks against the upward trend for ChainLink include: Global economic recession. Volatility in cryptocurrency markets. Competition from emerging technologies. Conclusion In summary, the long-term (1-week) ChainLink price chart indicates a robust upward trend, with expectations of breaking through key resistance levels, specifically at $53. Currently, the price is in an accumulation phase, poised for a soon-to-come upward adjustment. Additionally, it is noteworthy that the price has been consistently adjusting upward on a weekly basis.
Long
by hapharmonic
13
Anticipating a Significant Drop After One WeekDear Traders, I regret to inform you that the last wave of #CHFJPY still needs to be completed. Based on my analysis, I expect this completion to occur around the range of 163.9 to 164.4. To mitigate potential risks, I highly recommend taking some hedge positions for your sell positions. It is advisable to allocate at least half of your lot size for these hedge positions. Additionally, please ensure that you set your take profit level at 163.9 and place a stop loss at your entry point. I have provided a rough map indicating possible future movements. While it may not be entirely accurate, it can give you an idea of suitable points to consider initiating hedge positions and setting take profit levels. For the upcoming week, it is crucial to prioritize account safety and remain cautious. A significant downward bearish trend is anticipated to commence soon. To assess the future profit potential, I suggest monitoring # OANDA:XAUJPY and # $OANDA:XAUCHF. #XAUJPY has already reached the end of wave 5 in the bullish market, while #XAUCHF is poised to experience wave 5 in the uptrend. Consequently, these indications strongly suggest that JPY will likely gain strength in the near future. By employing hedge positions, you can safeguard your account during this period. Wishing you a safe week ahead, with the anticipation of substantial profits to come. Best regards,
Long
by USTC2021
1
Short AMBUJA CEMENT with 1:17 RRAmbuja cement is going to fall near about 17% and the stop loss is near to 1% only. Best time to get the maximum reward. These types of moves generally come to notice with the ELLIOTT WAVE THEORY, as in this case: Ambuja cement from its high made wave A sharp and wave B triangle. Wave C is about to come, and if we see wave C near about equal to wave A, the reward is maximum. Also, wave 5 is extended towards a time high and should be retracted. Half of wave 5 is already retraced and half is left which should be retraced by wave C. The stop loss is 524 and the target is 426. Happy trading, guys.
NSE:AMBUJACEMShort
by tradersmantra
Elliott wave 1 Elliott wave 1 Flat graph by Nantich The traingle Turtle and rabbit One day a rabbit was boasting about how fast he could run. He was laughing at the turtle for being so slow. Much to the rabbit’s surprise, the turtle challenged him to a race. The rabbit thought this was a good joke and accepted the challenge. The fox was to be the umpire of the race. As the race began, the rabbit raced way ahead of the turtle, just like everyone thought. The rabbit got to the halfway point and could not see the turtle anywhere. He was hot and tired and decided to stop and take a short nap. Even if the turtle passed him, he would be able to race to the finish line ahead of him. All this time the turtle kept walking step by step by step. He never quit no matter how hot or tired he got. He just kept going. However, the rabbit slept longer than he had thought and woke up. He could not see the turtle anywhere! He went at full speed to the finish line but found the turtle there waiting for him.
SET:IVL
by knantich