NEAR GETTING READY TO EXPLODEExpected wave C of micro (ii) to be completed and NEAR may soon explode!!!
Elliott Wave
ETHEREUM NEAR ABOUT TO EXPLODE !!!We may see Ethereum drop upto 2700. where maximum chances are of completing it's C wave of micro wave (ii).
OIL Elliott Wave AnalysisHello friends
In the oil price chart, we saw the formation of a triangle that has ended and with the price moving upwards and breaking the downtrend line and pullback to it, it has formed a 5-wave pattern, all of its sub-waves have been identified.
The 4 sub-waves of this pattern have been clearly formed and wave 4 has corrected by 61.8% of the Fibonacci.
Now it is the turn of the price to move towards wave 3 or C.
The first target is $82 and the second target is $86.
Be successful and profitable.
FIL READY TO EXPLODECurrently we are forming minor wave (ii) of major wave 3.
wave (ii) is near about to end and we may see FILUSDT rallying soon
BTC - 1H Elliott Wave AnalysisGreetings, here is an update on the Elliott Wave Count for Bitcoin.
It seems the lower timeframe support area didn't hold and we are going down lower at the moment. As mentioned in the last update, a break of the support area indicated a reset of white Wave 2. In this case the correction might be unfolding as ABC displayed in red here.
The white Wave 2 support area sits between the 0.5 FIB at 97682.3 USD and the 0.786 FIB at 92667.2 USD. The next targets for red Wave C are the 1 to 1 FIB at 97680.0 USD, the 1.236 FIB at 95718.0 USD, the 1.382 FIB at 94523.9 USD and the 1.618 FIB at 92625.3 USD.
For the red Wave C we added a low timeframe count in displayed turquoise.
Technically we could've finished the five Waves but extensions are possible.
If we extend we want to see a Wave 4 now.
The support area for turquoise Wave 4 sits between the 0.236 FIB at 99973.6 USD and the 0.5 FIB at 102056.0 USD. If we touch the 0.618 FIB at 102986.8 USD the Wave 4 gets invalidated and we either have the low in or form a bigger correction.
Alternatively the white Wave 2 could still be in on the 27th January low at 97680.0 USD and the move up was orange Wave A and the sell of orange Wave B and next we would get orange Wave C. This is not the preferer count but we want to make you aware of it. :)
Noteworthy is that the red Wave C targets are perfectly in confluence with the white Wave 2 support area and additionally the 1 to 1 FIB target at 97680 is right on top of the last swing low.
Thanks for reading.
NO FINANCIAL ADVICE.
XRP - 4H Elliott Wave AnalysisGreetings, here is an update of the Elliott Wave Count for XRP.
It seems the lower timeframe support area of white Wave 2 didn't hold and we are going down lower at the moment. As mentioned in the last update, a break of the white Wave 2 support area indicated a reset of blue Wave 2 in an extended correction displayed as red ABC.
The blue Wave 2 support area sits between the 0.5 FIB at 2.7350 USD and the 0.786 FIB at 2.4149 USD. The next target for red Wave C are the 1 to 1 FIB at 2.5130 USD.
For the red Wave C we added a low timeframe count in displayed turquoise.
Technically we could've finished the five Waves but extensions are possible.
If we extend we want to see a Wave 4 soon.
The support area for turquoise Wave 4 sits between the 0.236 FIB at 2.7981 USD and the 0.5 FIB at 2.9212 USD. If we touch the 0.618 FIB at 2.9763 USD the Wave 4 gets invalidated and the low is either in or we get a more complex corrective structure.
After blue Wave 2 finished we want to see a rally in blue Wave 3 which should take us above the previous ATH at 3.5505 USD.
Thanks for reading.
NO FINANCIAL ADVICE.
XRP - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count!
We dipped into the blue Wave 2 support as we did expect it in our last Analysis.
It seems that for XRP the low of blue Wave 2 is in and we have seen the first impulsive reaction to it displayed as white Wave 1 here. Currently it seems as if we are working on the white Wave 2 in the pink ABC.
White Wave 2 support sit between the 0.5 FIB at 2.9370 USD and the 0.786 FIB at 2.7786 USD.
The correction seems to be unfolding in the pink ABC. Assume that pink Wave B is already in we can calculate targets for pink Wave C which are the 1 to 1 FIB at 2.9280 USD, the 1.236 FIB at 2.8804 USD, the 1.382 FIB at 2.8510 USD and the 1.618 FIB at 2.8034 USD.
After that we expect a rally in white Wave 3 which could take us to a new ATH.
On the chart we also calculate potential targets for the blue Wave 3 which sit at the 1 to 1 FIB at 3.7263 USD, the 1.236 FIB at 3.9788 USD, the 1.382 FIB at 4.1351 USD and the 4.3876 USD.
If we break about the white Wave 2 support we are probably extending the correction and resetting blue Wave 2. Blue Wave 2 support sits between the 0.5 FIB at 2.7992 USD and the 0.786 FIB at 2.4555 USD.
Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.
Thanks for reading.
NO FINANCIAL ADVICE.
Hims local topHims just completed a 5th way as it bursted through the demand zone. I sold calls around these levels for a reason. I believe a huge dump is coming and that this was a short squeeze. I am VERY bullish on hims long term but this is textbook overheated. A 65% move in such a short amount of time is likely to produce from selling.
BTC - 4H Elliott Wave AnalysisGreetings, here is our 4H Elliott Wave Count for Bitcoin.
We briefly touched the 0.5 FIB at 97680 USD of our white Wave 2 support area.
It is unclear yet if the low is in but we technically can count a five wave move up on the lower timeframes. If the low is in we expect an impulse to the upside in a five wave move displayed in green here. The green Wave 1 seems to be in and we are working or finished the green Wave 2.
The green Wave 2 support sits between the 0.5 FIB at 100743.2 USD and the 0.786 FIB at 98996.5 USD. After green Wave 2 is in we expect a green Wave 3 which could take us close to the ATH.
It is possible that we get one more dip into the white Wave 2 support area before moving to the upside. But that wouldn't be a big issue as we still got some room.
The white Wave 2 support sits between the 0.5 FIB at 97682.3 USD and the 0.786 FIB at 92667.2 USD. Additionally we put the next or optimal target for the orange Wave Y on the chart which sits at the 1 to 1 FIB at 95594.1 USD.
Noteworthy is that the 1 to 1 FIB at 95594.1 USD of the orange Wave Y sit right on 0.618 FIB at 95613.1 USD of the white Wave 2 support. But technically we reached the minimum target for a orange Wave Y already at the 0.618 FIB at 99377.0 USD.
A break of the 0.786 FIB at 98996.5 USD of the green Wave 2 support area is the first indication that we will reset white Wave 2 lower.
Additionally we added some price targets to the upside which could function as resistances.
These sit at the 1.236 FIB at 112958.8 USD, the 1.382 FIB at 115760.8 USD and the 1.618 FIB at 120391.7 USD.
Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.
Thanks for reading.
NO FINANCIAL ADVICE.
Bitcoin H4 (Wave Analysis) - UpdateBitcoin H4 (Wave Analysis) - Update
we are still in corrective wave which is 2 from 5 as shown in chart.
Regards,
$SPY February 3, 2025AMEX:SPY February 3, 2025
Weekly
We will consider 2 lows.
218 made in 2020 and 348 made in 2022.
Now for the move 218 to 473 to 362.
100% move for the extension i218 to 473 is 612 levels.
That is nearly achieved around 610 levels.
Now for the extension drawn from 348 to 459 to 409 1.618 extension is around 591.
This is also done.
However, in monthly time frame for the extension 218 to 479 to 348 100% extension is at 620 levels. Which is the next target.
At the moment daily is strong.
We have 9,21 and 50 converging.
100 averages are at 586 levels.
So, if any fall I expect good support around those levels.
60 Minutes.
As written earlier AMEX:SPY in a box.
Gaps, long bars need to be sorted out.
200 hourly is at 596 levels being bottom of box.
So, I will dell only below that.
For the rise 575 to 610.78 50% retracement 593 levels.
AMEX:SPY already attempted once that level and bounced back to 609 levels.
So, for the rise 594.64 to 609.96 holding 599-600 is important for uptrend to continue.
ETH Low-Time Frame UpdateBreaking $2,910 confirms this bearish idea. The next key supports are shown in the chart.
Breaking $2,084 opens the door for a potential bear market.
Passing $3,427 and $4,108 ends the nearly 4-years long correction.
#Ethereum
BCH Price ZonesAfter finishing the 5-wave uptrend for BLACK 1, the correction is going far (as with most altcoins).
I am still considering we are inside BLACK 2, but we are currently in a bearish zone.
A break of the green descending trendline below gray resistance, turns my bias NEUTRAL. Only above gray resistance we would be really bullish again.
Bitcoin: Full February plan (125K shortly)Since the price of bitcoin broke out of the falling wedge formation and was successfully retested twice, its price action is incredibly bullish right now! We may anticipate higher prices over the next few days and weeks because there isn't anything particularly negative about the price action.
Three powerful levels are visible on the chart, which you can utilize to guide your trading selections. The symmetrical triangle's 0.382 FIB and POC mark the initial level, which is located at 105,544 USDT. Following a breakout, this level will probably be tested soon. This implies that Bitcoin may surge above $110,000, then return to test this level before rising further. 110,342 USD is the second level price. Because it is the 0.618 FIB extension from wave 1 to wave 2, this level is likewise quite powerful.
We can anticipate a liquidity sweep above this swing high and a brief downturn since it is also above the prior all-time high. At 118,109 USDT, the third level is located. We also have a 1:1 FIB extension, and as you may know, Bitcoin responds to this extension rather consistently, so this is another important level. It's among the greatest.
The Elliott Wave analysis shows that the price action is likewise bullish. Impulse wave 3 has begun, and we have just completed the ABC correction with a 1:1 FIB extension. The 1:1 FIB extension may also mark the end of this wave 3, but we must watch for trendlines, chart patterns, and maybe RSI bearish divergence.
For the upcoming days and weeks, this is my main strategy. The other strategy is that the ABC correction (wave 2) may become a WXYXZ triple three corrective wave if it is not finished.
I'll provide you with an analysis if you leave a comment with your altcoin. For more inspiration, please hit boost and follow. If you have a skilled coach, trading is easy! Since there is no stop-loss or profit goal, this is not a trade setup. I keep my trades to myself. Thank you, and best of luck with your transactions!
BITCOIN → The price is getting ready to drop to 100K - 97KBINANCE:BTCUSD is facing strong resistance. The price is being pushed away from the 105-107K zone as much as possible, forming a defense conglomerate. But, this resistance cannot overshadow the global bullish situation yet
A controversial situation is forming on H1-H4: a descending channel and a symmetrical triangle. And everything depends on what part of the market sees which figure. The primary reaction to the triangle support may be accompanied by a rebound, but based on the situation with the resistance, we can assume that the rebound from the triangle will not be deep and the price will try to go down.
If we look at the descending channel, the price is held back from falling by the support at 101.600.
Yes, technically, it is the support of 101.600 that plays the main role now. The main question is whether this level will hold the price or not.
Fundamentally, the situation is debatable, as the situation mainly depends on America, on how Trump and officials will use rhetoric regarding cryptocurrencies. It could be a bubble, a scam to win an election, or empty talk. Or it could be an actual strategy
Resistance levels: 103.4K, 105.8K
Support levels: 101.6K, 99.6K
Emphasis on 101.6. In the short term, I expect a breakdown and price consolidation below the level followed by a drop to 100-97K
BUT! Since there is a symmetrical triangle on the chart, a false breakdown of 101.6 may lead to a small upward bounce before a further fall to 100K
Regards R. Linda!
WE MIGHT SEE ANOTHER LAST FLUSH BEFORE 140k !!!
According to this elliott wave count, BTC currently might be forming Y leg of Double three pattern.
Wave Y is expected to end in green box, in between 99-92K region.
Invalidation is below 89.3K.
XRPUSDT: Ellio analysisHello Friends. According to the chart we see the 4th wave of 5 and 1-2 of wave 5: so completed I expected continued to formed wave 3-4-5 of wave 5: , to reach 3.8 and 4 $
DUOL: mid-term trend structure Until price is holding above 13th Jan lows, my operative scenario is continuation of the upside momentum towards 420-450 resistance zone.
Moving and holding above 450 level increases the probability of a continuation move towards higher resistance levels at 590+.
Otherwise, until price holds bellow 450, there are significant odds of deeper correction in the mid-term before continuing macro uptrend
My previous idea on NASDAQ:DUOL from Dec'23 topping actions:
and update on break-out potential from Sep'24:
Thank you for your attention!
EURUSD Elliott Wave AnalysisHello friends
We have seen the formation of a 5-wave bearish pattern in the EURUSD currency pair, and then we see a 5-wave bullish pattern that resembles microwaves.
This microwave, which is made up of 5 small waves, can be wave 1 or A.
After this wave, it should correct to the 50% or 61.8% Fibonacci range, which has also been achieved.
50% Fibonacci overlaps with a support, so the probability of the price returning from this range is higher.
We call the corrective wave wave 2 or B, and in both cases the price should grow and the price target is 161.8% Fibonacci.
The stop loss is below the beginning of wave 1.
Good luck and be profitable.
META: trend structure is approaching important resistance zoneMeta is approaching important resistance zone both in terms of macro (from 2022 lows) and mid-term (since Apr 2024 lows): 700-760 level.
Until price is bellow 760 level, my operative scenario is to prepare for at least mid-term topping action with following unfold of larger correction. Macro support levels for this potential correction are at 520-420.
From the long-term investing perspective it looks reasonable to consider hedging long-term holdings. From swing-trading perspective this resistance levels might present good risk-reward opportunity in coming weeks.
From macro-perspective, levels of 520-420 are important zone to watch for future supporting action if mid-term correction materializes.
Until price is holding above 420, macro uptrend since 2022 lows looks intact and assumes higher levels (at 1000-1300 macro resistance) in years to come.
As an alternative mid-term scenario, I might also consider price trying to reach higher resistance levels, around 800-810, before starting larger degree correction towards macro support zone.
If price moves beyond 810 level and will be able to sustain further advance afterwards, or in macro-perspective: fall below 420 level, suggested mid-term and macro structures needs to be revised.
Thank you for your attention and wishing the best to your investing and trading in 2025!
EURJPY DowntrendThe pair's price action indicates there is still room to go on the recent downtrend.
I expect a break of the January low, with the first target at 100% extension (158.937).
My primary count considers we are still inside green III.
BITCOIN TO 140K CONFIRMED !!! 🚀 On shorter time frame #BTC is forming ending diagonal in wave c of minor wave 2 correction, which indicates that correction may end up here and we may see shift from correction to minor wave 3 impulse move🚀
🚀 In that case major wave count of wave 3 and minor v ends up to 130k 🚀
🚀 If major wave 3 extends upto 130k, then we may see last 5th major to end up near 140k 🚀
