Elliott Wave
Dow Jones Potential DownsidesHey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 44,450 zone. Dow Jones is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 44,450 support and resistance area.
Trade safe, Joe.
$COIN Price discovery?I was looking for a deeper pullback on NASDAQ:COIN but it appears to be heading into price discovery!
The pivot at $322 was my target but sentiment must be bullish if investors are impatient! Still... i wouldn't count out another sell off as a bear trap on a poke above the swing high.
Safe trading
$ETH clear for an impulsive move to $3600?CRYPTOCAP:ETH has slowly but surely cleared resistance, with just the swing high to tackle which will activate another trade signal in my Trade Signals Substack.
Major support High Volume Node, daily pivot and daily 200 EMA proved tough support and demand continues to come in.
ETFs had an astonishing amount of inflows yesterday at $200M+
Analysis is invalidated below $2100
Safe trading
$HBAR Resistance at daily 200EMA!CRYPTOCAP:HBAR analysis continues to play out but should consolidate for a while before moving to the next target at $0.22.
This area should be tough resistance as its the daily 200EMA and major High Volume Node resistance and R1 daily pivot.
The CRYPTOCAP:HBAR signal has now hit take profit #1 from my Trade Signals Substack posted last week.
Safe trading
$MARA at Resistance!NASDAQ:MARA continues its rally and has come into the High Volume Node resistance target and R2 daily pivot.
Daily 200EMA was tested as support after price smashed through. I expect continuation to the upside $24 target at the R5 daily pivot after some consolidation at this resistance.
Analysis is invalidated way below wave 2 at $13
Safe trading
$MSTR Continues on last weeks path!NASDAQ:MSTR continues to breakout above the channel after a retest as support.
High Volume Node at $440 may proof tough but if price breaks through we could see a strong FOMO induced breakout into price discovery.
Analysis is invalidated below the channel at $358.
Safe Trading
$SUI Big Breakout Happening?CRYPTOCAP:SUI is smashing above triple resistance: a major High Volume Node , daily 200EMA and the daily pivot. The signal I posted in my trading signals Substack is now live, and the HBAR one is about to hit take profit 1.
Target for this rally remains $4.2 High Volume Node near the swing high.
Analysis is invalidated below the daily pivot at $2.8
Safe trading
$XRP Bias Change: Bullish Elliot Wave CountCRYPTOCAP:XRP is breaking out the descending resistance causing me to take another look at my WXYXZ corrective Eliot Wave count expecting lower. I have adjusted the count to WXY and a 1-2 new motif wave with a target of $3.8
Price is well above the daily 200EMA and daily pivot after testing both as support including the High Volume Node. Closing above the descending resistance today will be a bullish signal but a retest of that resistance as support before continuing onwards its what to look out for.
Analysis is invalidated below $1.8
Safe Trading
Ethereum Analysis – Vitalik’s Gas Cap Proposal Adds PressureToday, I want to show you the possible moves for Ethereum ( BINANCE:ETHUSDT ) this week.
Please stay with me .
Let’s first take a look at the important news that has come for Ethereum in the last 24 hours :
Ethereum’s Gas Cap Proposal Sparks Concerns
Ethereum co-founder Vitalik Buterin recently proposed EIP-7983 , introducing a gas limit cap to prevent potential DoS (Denial of Service) attacks on the network.
Bearish Takeaways:
This proposal reveals a current vulnerability in Ethereum’s infrastructure. If gas limits grow unchecked, nodes may fail to sync, leading to possible network instability.
Imposing a gas cap could temporarily reduce transaction throughput, affecting DeFi protocols and NFT platforms that rely on Ethereum’s scalability.
The market tends to react cautiously to core protocol changes, and this uncertainty could trigger short-term selling pressure.
Bullish Counterpoints:
The cap aims to strengthen the network’s long-term stability against spam and DoS attacks.
It’s still in the proposal stage, with no immediate impact on users or network performance.
Conclusion:
While the long-term impact may be positive, the short-term uncertainty and exposed risks provide a bearish narrative for Ethereum, especially amid growing competition from alternative chains.
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Now let's take a look at the Ethereum chart on the 4-hour time frame .
Ethereum is currently trading near the Heavy Resistance zone($2,929-$2,652) and Resistance lines , and is also trying to break the Support line .
In terms of the Elliott Wave theory , it seems that Ethereum has completed the Zigzag Correction(ABC/5-3-5) , so we can expect the next bearish wave .
I expect Ethereum to fall to at least $2,433 AFTER breaking the Support line, and if the Support zone($2,491-$2,323) is broken, we should expect further declines.
Second Target: $2,374
Note: Stop Loss (SL) = $2,689= Worst Stop Loss(SL)
Please respect each other's ideas and express them politely if you agree or disagree.
Ethereum Analyze (ETHUSDT), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Bitcoin Is Looking For A Bullish ContinuationMorning all! Bitcoin has impulsive characteristics on 4h time frame, and we can clearly see five waves up that can send the price even higher after recent projected ABC correction. With the current impulsive recovery back above 106k area, it confirms that bulls are still here and we should be aware of further rally in July, especially if breaks above channel resistance line near 110k area. Seems like it's in wave (1) of a new five-wave bullish impulse, so after current wave (2) pullback, we can expect more gains within wave (3).
Bitcoin Longer: Clear Blue Skies for Wave 3 of 5As I explained in this video, I believe that we are currently in a wave 3 of 5 for Bitcoin and we should be breaching new highs as we have an undergoing wave 3. However, take note that the risk-reward is not good to go long. So I would recommend holding if you already have a position but to be very cautious if you are thinking of initiating a new long position.
The stop loss is $109,700. The near-term take profit is $113,923 before a potential pull back and then up to $115,000.
Good luck!
Brace Yourselves: EURAUD’s Harmonic Storm Is Coming!Good morning, Traders ☀️
I've identified a bullish harmonic Bat pattern on the EURAUD pair.
At this stage, I'm only anticipating a reactional buy from the marked zone.
I'll determine my target level after observing the market's response from that area.
📌 I’ll be sharing the target details under this post once the reaction unfolds.
Your likes and support are what keep me motivated to share these analyses consistently.
Huge thanks to everyone who shows love and appreciation! 🙏
#Nifty directions and levels for July 10th:Good morning, Friends! 🌞
Here are the market directions and levels for July 10th:
The global market has a moderately bearish sentiment, while our local market is showing a moderately bullish sentiment.
Meanwhile, Gift Nifty is indicating a neutral to slightly gap-down start.
So, what can we expect today?
Structurally, we are still in a range with a moderately bullish bias. So, until the range is broken, we may not get any clear direction.
However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation.
In this case, if a solid structure forms, we can expect a longer rally.
On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range.
Or, if a solid structure forms on the downside, then the correction is likely to continue.
#Banknifty directions and levels for July 10th:Structurally, we are still in a range with a moderately bullish bias. So, until the range is broken, we may not get any clear direction.
However, my expectation is that if the market initially pulls back, it could continue the rally with some consolidation.
In this case, if a solid structure forms, we can expect a longer rally.
On the other hand, if the market declines and finds support around the immediate support level, it may continue to stay in the range.
Or, if a solid structure forms on the downside, then the correction is likely to continue.
USDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.36900 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.36900 support and resistance area.
Trade safe, Joe.
BITCOIN → Market manipulation. Chance for growth to 110KBINANCE:BTCUSDT , as part of a correction triggered by negative news from the US regarding tariffs, is testing liquidity in the support zone. There is a chance of recovery to 110K.
Bitcoin is reacting with a decline to fundamentally negative data on tariffs from Trump. Technically, the price is facing support and forming a false breakdown, the purpose of which was to capture liquidity. This could lead to a recovery within consolidation in an uptrend, but again, there are conditions...
Countries that have received notification of tariffs are responding positively to cooperation (if this trend continues, Bitcoin could receive a local bullish driver).
The market perceives this as positive, and after liquidity is captured, the price could recover to the resistance of the trading range.
Resistance levels: 108230, 109690
Support levels: 107500, 106500
Bulls are trying to hold the local interim bottom at 107500. There is a reaction to the false breakdown of support. The focus is on 108230; if the market can break through this level, we will have a chance to grow to 110K.
Best regards, R. Linda!