Solana - Strongest altcoin! New ATH + bull flag (buy now)Solana is currently one of the strongest altcoins. That's visible in the charts! Currently the price is forming a bullish flag pattern, so expect another big leg to the upside in the next few weeks. Where to take profit? Well, to answer this question, we have to use the Fibonacci extension tool and measure strong levels. I always use 0.382 FIB (383 USDT) and 0.618 FIB (829 USDT).
From the Elliott Wave perspective, wave (3) was really huge; Solana made 2600% last year. But let's focus on the future because there is a very high chance of making another 100%-400% until the end of this year. We need to finish this cycle with wave (5).
I recommend buying Solana as soon as possible before the huge pump begins! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Elliott Wave
Ethereum - Starting final wave to 6000 USD! (+140%)Ethereum is still consolidating, but this will change in the next few days! On the chart, we can clearly see an ascending channel, and the price is currently near its support, which gives us an excellent opportunity to buy it with a very high risk-to-reward ratio! You can simply put our stop loss below the previous major swing low or below the trendline.
From the Elliott Wave perspective, Ethereum is in a valid impulse wave. There are no overlaps between waves (1) and (4), and the price is starting a final impulse wave (5). Usually, as an Elliott Wave trader, you want to buy slightly above the support line of the end of wave (1). The price is also forming a symmetrical triangle, so expect a massive breakout in the short term.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Binance BNB - Time to buy, new ATH! (here is why)Binance Coin is ready to make at least 300% in 2025. The current market cap of BNB is 86 billion dollars compared to Bitcoin's 1136 billion dollars. BNB has been going sideways for more than 3 years, currently building a bullish base. Usually these types of consolidations are very bullish and lead to a massive breakout!
Currently the price is inside a new ascending channel (new uptrend), which you can see on the chart. As long as price is inside this pattern, BNB is bullish. From the Elliott Wave perspective, the bull market is confirmed. We see a strong impulse wave (1) followed by a corrective zigzag wave (2). This setup is very strong and reliable.
In conclusion, BNB is one of the few strongest coins that are worth buying. I also recommend SOLANA. Investors are interested in pushing the price higher.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
LPT 8H Update
After a 50% pullback for green X, the blue WXY correction should target the 100% extension of the green WX leg.
This would lead to a test of 8.970, which also matches a support zone from August low.
The lack of RSI divergence also supports this scenario.
Invalidation is above 13.700 (pink level in chart).
US500 evening updateBearish count for US500.
Pitchfork drawn from March 2020 low, January 2022 high, October 2022 low.
October 2022 low saw price bounce off .5 fib drawn from January 2022 high to March 2020 low.
Price has been targeting the median line (red line) of the pitchfork since October 2022, but it has never tagged it.
Price teased above the 0.5 line twice (in teal), once in July 2024 and once in October 2024 (green ellipses).
Price attempted to get above .5 line again today and was promptly rejected.
Price has formed an impulse off 5 August low, with 1>3>5.
I would say this is a short opportunity; if price is to stay below resistance of 5884.7 and below .5 line of pitchfork. If median line cannot be tagged, then price will find its way (quickly) back to October 2022 low.
Key support is 5088.9.
BTCUSD evening analysisBearish count for BTCUSD.
This count envisions an ending diagonal to complete the b wave of an ABC zigzag.
Wave a was a large, expanding, leading diagonal, wave b was a double-three.
For this to be valid, 69493.20 will need to hold as resistance, and 58897 will need to break as support with impulsive price action.
Certainly strong risk/reward opportunity for shorts.
LOKA’s Preparation for Explosion LOKA is a gaming coin. It has been in a bearish trend since issuance. Recently, bullish patterns have been forming in the current range which is an ATL. So, it’s wise to take the risk in this level and bet on it.
I expect $0.162 to be the best new entry. Breaking $0.109 cancels the whole idea. Passing $0.216 without dropping invalidates the LTF drop and indicates going higher.
US 10-Year Government Bond Yield Analysis(What we need to know)!Today, I want to analyze the US 10-Year Government Bond Yield ( TVC:US10Y ) for you in the weekly time frame . In fact, the US 10-Year Government Bonds shows the yield rate of ten-year US Treasury bonds and is a measure of investors' confidence in the US economy . As such, this index influences capital allocation across various markets and impacts broader financial conditions .
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The US 10-Year Government Bond Yield(US10Y) started its upward trend after COVID-19 . After breaking the Important Resistance line and 200_SMA(Monthly) , we can hope for the continuation of US10Y's upward trend. (The Important Resistance line started in 1981 , so it was very important.)
According to the Elliott wave theory , US10Y seems to be completing main wave 4 , so main wave 3 was of the Extended type . If the upper line of the descending channel breaks, we can be more sure of the end of main wave 4.
I expect US10Y to rise at least as wide as the descending channel width and up to the Resistance zone(5.55%-4.92%) after the descending channel break , completing the main wave 5 . If the Resistance zone(5.55%-4.92%) is broken, we can expect a further increase in US10Y .
Now let's see if the US 10-Year Government Bond Yield(US10Y) increases , what will be the effect on other assets?
Impact of Rising 10-Year Bond Yields on Key Assets:
Bitcoin( BINANCE:BTCUSDT ) and Other Cryptocurrencies : As bond yields increase, riskier assets like Bitcoin may face downward pressure. Investors are often drawn to safer investments, such as bonds, when yields rise, making cryptocurrencies less attractive.
Gold( OANDA:XAUUSD ) : Higher bond yields usually put pressure on gold prices. Since gold does not offer any yield, a rising yield on bonds increases the opportunity cost of holding gold, causing a potential decline in its price.
U.S. Stocks : Rising bond yields can lead to lower stock values, particularly in riskier sectors like tech. Higher bond yields often translate into increased borrowing costs, impacting growth and profitability, especially for companies that rely heavily on credit.
US 10-Year Government Bond Yield Analyze (US10Y%), Weekly time frame⏰.
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GOLD → Retest of range support in a bull marketFX:XAUUSD is trading inside the channel and is not yet ready to approach the resistance with the target of ATH retest. Profit-taking amid increased risk due to news, economic data affect the price of metal.
Price is closing inside the range of 2748-2713. A support retest is forming and liquidity capture may reignite upside interest. Traders are waiting for the Fed's actions: which side will the regulator take - aggressive or conservative strategy of policy easing? We should not forget the uncertainty around the US presidential election combined with growing geopolitical concerns in the Middle East.
For today, all eyes are on Durable Goods Orders (MoM) (Sep), which could provide new hints on the state of the US economy
Resistance levels: 2722, 2729, 2737, 2748
Support levels: 2713 (trigger), 2702
Emphasis on 2713. Price may test this area. Based on how buyers are defending the support, the market may form a false breakout and bounce to resistance. But, if the bounce is minimal, and then the price starts to retest 2713 and consolidate, we have increased risks to break the support. In this case, the price will head towards 2700-2685
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
ETHUSDComplete count for ETHUSD.
If ETHUSD has bottomed on 5 August, I think this is how you have to count it.
The truncation would be unusual, but I think that is the only way to get a complete impulse from June 2022 bottom.
Price bounced off of .618 fib on 5 August and has held within pitchfork ever since.
Lots of room to run if bulls can take price towards median line of pitchfork.
Ton Coin (TON) Weekly Chart AnalysisTon Coin is poised to be an important and influential player in the future of blockchain. After experiencing a powerful uptrend in early 2024, which followed an ascending triangle pattern, the Ton coin is currently undergoing a price correction. This correction is expected to reach a very good level in the, presenting a promising entry point for short-term or medium-term investments.
Currently, the market is experiencing selling pressure, which can be advantageous for trading. However, for those looking to invest and hold, the price range around $3 will be a critical level to determine the value of this coin.
These conditions highlight the potential for a lucrative investment opportunity. Be sure to keep an eye on market movements and plan your strategy accordingly.
Disclaimer : This analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Always conduct your own research before making any investment decisions.
Good luck! 🎯
Armin-Academy
Silver (XAGUSD): Anticipating a correction after new local highsTwo out of our three Silver positions remain active, with Silver reaching a remarkable high near $35. Today, we decided to fully close our second position, locking in substantial gains. The first position, initiated at $26.30, will remain open with a stop loss placed slightly below $26, aligning with the high-timeframe support and wave 1 level.
Given current analysis, a correction in Silver may be on the horizon after reaching the minimum target for wave 3. With increased Treasury yields and some profit-taking, Silver could face resistance in climbing further, especially considering the upward trend in yields.
While we cannot predict the exact speed of this potential downturn, if it unfolds as expected, we’ll look to re-enter with Silver certificates around the $30 to $28.30 range. The ideal correction would see a pullback toward the volume range high and a subsequent bounce within the 61.8%-78.6% Fibonacci zone, which we’ll confirm once wave ((a)) is established. Stay patient and focused, as volatility is expected to rise with the upcoming presidential elections.