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Elliott Wave

EURNZD Wave Analysis – 18 April 2025- EURNZD reversed from support level 1.9100 - Likely to rise to resistance level 1.9400 EURNZD currency pair recently reversed up from the pivotal support level 1.9100 (former strong resistance from March) standing close to the 20-day moving average and the 50% Fibonacci correction of the upward impulse from February. The upward reversal from the support level 1.9100 created the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the clear daily uptrend, EURNZD currency pair can be expected to rise to the next resistance level 1.9400.
Long
by FxProGlobal
After a -90% Dump, MANTRA(OM) Finds Support!!!Today, I want to analyze the MANTRA ( BINANCE:OMUSDT ) projec t for you, which fell by more than -90% on April 13 . What is MANTRA(OM)? MANTRA (OM) is a DeFi + RWA (Real World Assets) focused project aiming to bring real-world assets like real estate and bonds on-chain. Built with the Cosmos SDK, it’s developing a purpose-built layer-1 chain to facilitate tokenization and institutional adoption of RWAs. The main crash reasons: Massive forced liquidations on exchanges 90% of the token supply reportedly held in a single wallet Rumors of a rug pull (which the team denied) Team Response: MANTRA’s team has launched an internal investigation Plans for buybacks and token burns are underway They reassured the community that team tokens remain locked and untouched ----------------------------------- Technical Analysis: Now let's take a look at the MANTRA(OM) chart on the 1-hour timeframe . After the fall on April 13, MANTRA(OM) reacted to the Heavy Support zone($0.45-$0.20) and started to rise again (upward correction) . From the perspective of Elliott Wave theory , MANTRA(OM)'s big fall can be considered as a main wave 3 , and it seems that MANTRA(OM) is completing a main wave 4 . The main wave 4 could be a Double Three Correction(WXY) . Since the momentum of the main wave 3 was high, there is a possibility that main wave 5 will be a Truncated type . I expect MANTRA(OM) to start rising from the Potential Reversal Zone(PRZ) and rise to at least $0.76(+30%) ( First Target ) and then attack the Resistance zone($1.10-$0.84) ( Second Target(+60%) ). Do you think the MANTRA(OM) project can return to its good days? Note: If the MANTRA(OM) falls below $0.500(Round Number), we can expect further declines. Please respect each other's ideas and express them politely if you agree or disagree. MANTRA Analyze (OMUSDT), 1-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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
21
KASUSDT ShortLooks like KASUSDT is wrapping up an ABCDE reversal pattern right on the daily 50EMA — point E seems to be the final touch. What stands out is how that 50EMA is acting like a brick wall — price got rejected at A, C, and now again at E. My target’s the support zone marked on the chart. I’m not setting a tight stop — too easy to get wicked out by some stop-hunting move. I’ll only cut the trade if we get multiple candle bodies closing clean above the daily 50EMA.
Short
by refresh29
GLD gold to top at 327GLD has been absolutely ripping during market uncertainty, and if you account for the 50% retrace on SYX it is not outperforming. I drew a fib extension and looked at a wave analysis for a potential top, they are in alignment. BBWP is nearing firing red and the advanced stochastic cannot stay up here forever. Given that this is a monthly chart we should see a bit more upside, could take a few weeks. Summary: Golden fib extension matches 5 wave projection amid elevated volatility and buyer strength, should see a pull back between 320-330
AMEX:GLDShort
by Apollo_21mil
NEIROUSDT → Countertrend momentum. Is the reversal close?BINANCE:NEIROUSDT.P is one of not many coins that is growing. But the only disadvantage is that the coin is at the bottom. Most likely it is forming a set of liquidity before continuing to fall. NEIRO is strengthening and heading towards the resistance of the range while bitcoin continues its correction. Strong resistance and liquidity zone at 0.187 is ahead. Strong gains could be stopped by a false breakout and reversal Just because a coin is at the bottom doesn't mean it has nowhere to fall. Yes, there is. At the moment the price is in the range on the background of a strong downtrend, within which the price does not show signs of life. The previous buyback ended with a strong sell-off. Resistance levels: 0.000187, 0.0002045. Support levels: 0.000169, 0.000154 In the short term, we should expect a false breakout, reversal and price drop to the support of the range. I do not rule out a prolonged struggle in the resistance zone, within which the price may go higher and test the 0.00020 liquidity zone before continuing to fall, within which it may renew the bottom. Regards R. Linda!
Short
by RLinda
4
Gold is Powering Through the Termination ChannelGold is right now in a very strong extended 5th wave. It has finished what I believe to be the third wave of that 5th wave, so now we are entering the 4th wave of the 5th wave. I believe it will be a very shallow 4th wave, and considering the speed of things, it will not retrace further than around the 3,000 level. and here on after continue up with the 5th wave. Normally we would anticipate retracement back to the 38.6% fib level, which is at the 2,766 level, but gold is storming and not looking back right now. When Gold has retraced a little, I would not be surprised if it is heading for the 4,000 level.
OANDA:XAUUSD
by TheDane
1
ALCHUSDT → Rally to the liquidity zone. False breakout?BINANCE:ALCHUSDT.P is one of not many coins that looks strong amid the bearish cryptocurrency market. But how long will this energy last? There is strong resistance ahead.... A local pre-breakdown consolidation relative to the intraday level is forming. In general, this is the state of the market, ready to continue its growth within the distribution. Thus, the breakout of 0.1590 resistance will provoke the continuation of growth up to the liquidity zone at 0.177. But already at 0.177, due to the fact that it is an important and strong intermediate resistance level, we should expect a false breakout and a pullback, for example, to 0.159 or 0.5 fibo. Resistance levels: 0.159, 0.177, 0.23 Support levels: 0.1516, 0.5 fibo The distribution is already 53% since the breakout of the consolidation resistance. By the time the resistance is approached, it will be 77% and the market may use up all the accumulated potential, so liquidity above 0.177 is likely to stop the upward rally and turn the coin down. Regards R. Linda!
Short
by RLinda
5
$WELSH | Bottom Structure Forming Across All Timeframes📉 After a brutal 98% drawdown, $WELSH is beginning to flash signs of structural accumulation. While most ignore it, the chart is quietly preparing something bigger. From weekly to 4H, the setup is maturing — here’s the full breakdown: 🔹 1️⃣ Weekly Chart – Macro Base Forming Price is coiling beneath the 50W MA RSI at 34 → deeply oversold Multi-month base developing Bollinger Bands are compressing Volume has dried up Long lower wicks = quiet demand absorption 📌 Textbook pre-pump structure. 🔹 2️⃣ 3D Chart – Squeeze loading Range-bound between 0.00027–0.00037 since February Post-capitulation triangle forming BBs at their tightest in 12+ months RSI & MACD flatlined = maximum pressure build-up 📌 This isn’t chop — it’s setup. 🚀 Break 0.00037 → 0.00058+ 🔹 3️⃣ 1D Chart – Momentum Is Loading Bullish divergence: price flat, RSI rising MACD coiling near zero Volume returning on dips Demand holding at 0.00030 Trendline breakout retested and respected 📌 Structure clean. Pressure rising. 🔹 4️⃣ 4H Chart – Trigger Zone Range: 0.000326–0.000373 RSI recovering MACD flipping green BBs narrowing again Price pressing resistance 🚨 Breakout trigger = volume >750K Not the move — yet. But it’s ripening. 🔹 5️⃣ Seen this before? Before SEED_DONKEYDAN_MARKET_CAP:BONK exploded +27,000%, it showed: A –96% drawdown RSI flatlined BBs compressed Volume gone Now $WELSH is echoing that structure. Different ticker. Same rhythm. Most won’t see it. Some will front-run it. ⚔️ My View: Accumulation is visible. Structure is clean. No breakout yet — but if/when it triggers, the asymmetry becomes extreme. This isn’t a chart you chase. It’s one you position for. 📌 Disclaimer: Not financial advice.
Long
by joerivdpol
Elliott Wave Update – Structure OverviewBINANCE:SOLUSDT We may have found a potential local bottom at yellow Wave A, and are now tracking a move towards yellow Wave B. This yellow Wave B appears to be unfolding as a 1-2-3-4-5 structure: Waves 1-2-3 are likely completed. Waves 4 and 5 could still be ahead. This full impulse may form part of a larger A-B-C correction, completing the final yellow Wave B. In the black wave count, the 1-2-3 move is finished. Within Wave 3, we saw a clean internal 1-2-3-4-5, confirming the completion of that wave. Currently, I’m tracking the move from black Wave 3 to black Wave 4 as a developing A-B-C correction: Wave A is potentially in. We are now in the resistance zone of Wave B, which could lead to the final drop into Wave C. After completing Wave 4, I expect an upward move into black Wave 5, starting with an initial A-wave. This should then form another A-B-C structure, leading to the completion of the final yellow Wave B.
Short
by ElliotXSolana
2
GOLD → Correction to support. What's next?FX:XAUUSD updates a new high to 3357. A correction is forming after Powell's speech. On the background of the bullish trend it is worth looking for stronger support levels Gold halted gains at $3,358 as traders take profits and assess the implications of Trump's tariff policy.Gold's gains on the week were driven by the escalating trade war between the US and China, fears of a US recession and a flight from risk assets. However, cautious rhetoric from Fed chief Powell and positive signals from trade talks with Japan temporarily curbed further gains in gold. But the level of risks and possible escalation of the conflict is still at a high level. It is too early to talk about the trend change. At the moment the correction to liquidity zones is forming on the background of the bullish trend. The focus is on 3296, 0.5 fibo. The price may bounce from these levels. Resistance levels: 3344, 3457 Support levels: 3320, 3296, 3275 The correction after Powell's speech may be quickly exhausted if the politicians from China and the US fuel the conflict. But any hints of negotiations and tariff cuts could be taken very positively by the market, which could lead to a reversal of the local trend. Regards R. Linda!
FX:XAUUSDLong
by RLinda
16