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Elliotwaveanalysis

Maker: Elliott Waves Theory ($6,111 & $9,407)I think what is most beautiful about this method is its simplicity. Let's review Maker in terms of Elliott Waves. We have two main patterns. The impulse and the correction. An impulse develops mainly in five waves. (1,2,3,4,5) The correction in three waves. (ABC) An impulse will lead to a correction. A correction will lead to an impulse. To use this system, we just need to spot where the market is at in the present time. There was a clear bullish impulse between 2023 and 2024. This impulse was followed by a correction. The current correction can be over or might not be over. For example, the C wave 3-Feb. can continue lower and bottom at a later date. This can only be known after the event. What we know for sure is that MKRUSDT is now within a correction and after this correction a new bullish impulse will develop. An impulse produces a minimum of five waves. We can expect rising prices based on this simple method. We have targets between $6,111 (wave 3) and $9,407 (wave 5). Thank you for reading. Namaste.
Long
by MasterAnanda
1
Long-Term Elliott Wave Analysis of Gold: A New Bullish Cycle let's review Gold Waves! Wave I (1971-1974): The initial rise in the early 1970s represents Wave I of the first large cycle. During this time, gold prices surged significantly due to the ending of the Bretton Woods system and the subsequent decoupling of the US dollar from gold. The price increases were driven by growing inflation concerns and geopolitical instability. This is a primary impulsive wave. The end of Wave I appears around 1974, where gold saw a significant peak. Wave II (1974-1976): Wave II is a corrective phase, where prices corrected lower after the initial rally of Wave I. This wave retraced a portion of Wave I and is a typical ABC correction (labeled as the ABC corrective structure on the chart). After reaching the low point, the market started another impulsive wave up. Wave III (1976-1980): Wave III is the strongest and most aggressive part of the cycle. This wave saw gold prices skyrocket during the late 1970s, driven by high inflation, political instability (e.g., the Iranian Revolution), and the second oil crisis. Gold reached an all-time high in 1980, marking the peak of Wave III. This wave completed the first major bullish cycle in the chart. Wave IV (1980-1999): After the peak in 1980, gold entered Wave IV, a long and complex correction that lasted until the late 1990s. This correction lasted nearly two decades and saw prices decline dramatically during the 1980s and 1990s as inflation subsided and global economic conditions stabilized. Wave IV is characterized by long periods of consolidation, with gold fluctuating around lower levels. Wave V (1999-2011): Following the completion of Wave IV, gold entered Wave V, the final impulsive wave of this long-term cycle. This wave began around 1999 and saw gold prices move higher, culminating in a bullish run from 2008 to 2011. The global financial crisis and the subsequent loose monetary policies (quantitative easing and low-interest rates) from central banks across the world provided the perfect backdrop for gold to rally. Gold peaked at $1900 in 2011, marking the end of Wave V in this cycle, representing the peak of the primary impulsive move. ABC Correction (2011-2020): After the peak in 2011, gold entered a significant ABC correction. This correction can be broken down into three parts: Wave A (2011-2015): The initial correction after the peak, where gold prices fell sharply, reaching lows of $1050 in 2015. Wave B (2016-2018): A partial rally as investors regained some confidence, with prices climbing to around $1360 before the next decline. Wave C (2018-2020): The final leg of the correction, which saw a further decline and then an explosive surge in early 2020 due to the global economic impact of the COVID-19 pandemic. ----------------------------------------- New Cycle (Post-2020): After the massive surge in 2020, the chart suggests that gold has entered a new cycle—starting from the COVID-19 pandemic's impact. This marks the beginning of a new impulsive wave (labeled as Wave I of the new cycle). Wave I (2020-2025): From the lows of March 2020 to the current high, gold prices have surged sharply, indicating the early stages of the new bullish cycle. Wave II (2025-2027): A potential correction (Wave II) could be expected, retracing a portion of the rise from the pandemic-induced lows. This is typical after any strong Wave I move, as markets consolidate before further rallies. the target area would be $2100! could these reasons cause this correction: I suggest that once Wave II is completed, gold could see further strong moves in Wave III, which could lead to higher levels of gold prices—potentially above $4000-$5000 or even higher, depending on broader market dynamics and economic conditions.
OANDA:XAUUSDShort
by melikatrader94
14
CRVUSDT Potential for a Bullish Revers? ( EW Analysis )CRVUSDT, a popular cryptocurrency trading pair, is showing potential signs of a bullish reversal based on Elliott Wave Theory. This analysis aims to break down the current wave structure and outline possible future price movements. Wave Structure Overview The chart follows a complex corrective wave pattern, which consists of WXYXZ labeling. This pattern indicates an extended correction phase that may be coming to an end. Below is a breakdown of the observed waves: 1. Wave (iii): This wave marked a strong uptrend, indicating significant bullish momentum in the past. 2. Wave WXYXZ Correction: The corrective structure suggests a prolonged retracement, leading to potential price exhaustion at the recent low near $0.40. 3. Wave (iv) and Completion of Wave Z: The labeling shows that wave (iv) is completing, forming a potential higher low on the support trendline. 4. Formation of ABCDE Structure: A possible contracting triangle (ABCDE) is forming within the final leg of wave Z, signaling an imminent breakout. Key Support and Resistance Levels - Support: The ascending trendline near $0.44 - $0.48 serves as a critical level for price stabilization. - Resistance: The downward trendline resistance around $0.55 - $0.60 is the first hurdle for bullish continuation. - Target Zone: If wave (v) initiates, potential targets lie between $1.20 - $1.50, aligning with the upper channel. Bullish Outlook and Confirmation To confirm the bullish scenario, CRVUSDT must break above the $0.55 resistance with strong volume. A successful breakout would validate the start of an impulsive wave (v), pushing prices higher. Risk Factors - A breakdown below the $0.40 invalidation level would negate this bullish outlook and extend the correction. - Market sentiment and external factors such as Bitcoin’s price action and macroeconomic conditions may impact the projected wave structure. Conclusion CRVUSDT appears to be at a pivotal moment, with Elliott Wave analysis suggesting a potential bullish reversal. Traders should monitor key levels and look for breakout confirmations before making any trading decisions. If the projected wave (v) unfolds, we could see a significant rally in the upcoming sessions. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research before making any investment decisions.
Long
by zubairmalik
2
BTC END OF CORRECTIONAfter being stuck in this sideways correction for almost 70 days, #BTC is finally coming to the end of this consolidation in the next 24-72 hours. It's not common that we get a double three correction (WXY) starting with a sharp zigzag wave W and ending with a huge expanded triangle for wave Y, so this correction is one for the history books. I really hope you have your longs stacked up during this final drop as we're going to take off any moment to new all-time highs, probably to $130K or more.
Long
by Mashood_Abidi94
SPY Ready for Impulsive or Ending Diagonal?This 5th wave isn't feeling impulsive at all and if anything is indicating bearish RSI divergence. For these reasons, I feel that wave 5 is in what we call an ENDING DIAGONAL. Ending diagonals are really tricky to trade, as they have a series of overlapping movements. Price struggles to move higher, indicating exhaustion. Will still get a move to the 630 to 670 area, but if trying to trade it, the ups and downs vs impulsive behaviors make this tough to trade. After completion, there is typically a deeper correction, and since I am expecting a larger wave 4, this feels correct as well. Now there is always a chance we haven't finished the prior larger wave 4 and we are either in a running or expanded flat, but will need to see a bit more to understand that scenario. Running flat would reverse soon and then impulsively higher vs expanded will undercut 574 and then rip higher (show on chart with green impulsive waves). Elliot wave is so much easier to understand once the waves are completed vs speculating where they are going next!
AMEX:SPYLong
by KingTrading999
2
XAUUSD H1: What is happening to GOLD?Technical analysis: The price line is still showing a continued uptrend, important levels are broken and ready for a new ETH GOLD peak! 2 important price zones in the current uptrend are 2934, 2942. Gold investors all see that gold has a strong upward trend, reaching 2940 USD/oz from October 2023 to present, surpassing the resistance of 2000 USD, showing a strong upward trend. However, if we consider the movements, gold has increased 4 times per week and there is a high possibility that there will be an adjustment in this sensitive area. If we consider the cycle, gold in the monthly frame is still in the same upward phase as the quarterly frame, but currently we see that gold has increased for 27 months, corresponding to enough time for a monthly increase phase. Fundamental Analysis Gold prices were flat in the first session of the week as investors awaited further details on US President Donald Trump's tariff plans, which could escalate global trade tensions. Senior Trump administration officials will begin peace talks with Russia and Ukraine in Saudi Arabia in the coming days, which is news that many investors are interested in. Gold has been seen as a safe haven asset during the recent period when geopolitical tensions have escalated.
OANDA:XAUUSDLong
by xauusd_rr
1
BNB’s Correction Could Trigger a Major Move—Are You Ready ?Yello Paradisers! Have you been keeping an eye on #BNBUSDT? If not, now’s the time to focus. BNB is currently in a corrective phase after its recent surge, and this pullback could be setting up a major opportunity for those who know when to strike. But timing is everything, and jumping in too early could be a costly mistake. 💎Right now, we expect BNB to follow a flat zigzag correction pattern of Elliott Wave. The price action shows signs of an imbalance (IMB) and a change of character (CHOCH), suggesting that we might see a further dip before the bulls take over again. You can switch to lower timeframes, like the 15-minute chart, to get a clearer validation of the wave structure. The key here is to wait for a bullish divergence on the RSI and MACD, which will signal that the correction is nearing its end and a rebound is likely. 💎The bullish order block (OB) between $582 -$577 is the crucial demand zone to watch. We anticipate BNB dipping into this zone before finding strong support for a potential upward impulsive wave. However, if BNB closes below this order block, the setup becomes invalid, and we could see further downside toward $560. It’s essential to remain patient and disciplined rushing in without confirmation could lead to unnecessary losses. 💎Once we get the bullish divergence, we expect BNB to target the $643-$646 supply zone in the next move. This could be a sharp and profitable rally for those who wait for the right signals. But remember, if the price closes below the bullish OB, it’s time to step back and reassess. Protecting your capital is just as important as making profits. Be patient, stay focused, and let the market come to you. That’s how you secure long-term success in this game. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
Bitcoin's 2025 is bullish AFLet's talk crystal clear here; Bitcoin is in a massive uptrend, yes now is stucked/accumulating below the $100k mark, but overall is bullish AF. In this chart I present you my Elliott Wave Count of Bitcoins bullish cycle that started from Dec. 2022 and is still on going. Breakdown: We're in a 1-2-3-4-5 (we're here) bullish count. Inside this last 5th wave, which you can clearly count 5 subwaves, we're on the verge of breaking this $100k accumulative period, aka. in a corrective ABCDE of the 4th wave. Once this breaks up, Bitcoin should FLY. COT readings are also great and supporting this idea behind technicals. In the current accumulation, Fund managers went from being bearish to now being more bullish, pointing to a bullish divergence. However, I'd like to see Retailers more bearish, why? Because they always wrong, and currently they are still a bit bullish to me from what I read in the COT report. This is why I believe we still going to see this corrective phase for a little longer, finally completing the ABCDE formation, and then RISE. Conclusion, Bitcoin price is stuck for some time till' it breaks up and rockets to unknown price. Trade safe! A.FX99
COINBASE:BTCUSDLong
by AlbertFX99
STXUSDT on the Edge: Massive Rally or Sharp Drop Incoming? Yello! Are you prepared for what’s about to unfold with #STXUSDT? The price action is heating up, and the next move could be explosive. #STX is flashing signs of a critical Elliott Wave structure, and what happens next will determine whether we’re headed for a massive rally or a sharp correction. Let’s dive into the details. 💎#STXUSDT has just completed a corrective Wave 4 within the Elliott Wave structure. Right now, we’re expecting an impulsive 5th wave to kick in, supported by key indicators. Both RSI and MACD are showing bullish divergence, suggesting that the corrective ABC wave may be complete, setting the stage for a potential bullish breakout. 💎However, the critical support level at $0.915 will be key. If this level holds, we expect bullish momentum to continue, confirming the start of Wave 5. But if $0.915 fails, we’ll be watching for a bullish rebound from the imbalance zone. A break below this area could invalidate the bullish wave count and open the door for further downside. The next move will separate the pros from the amateurs. Stay sharp, stay strategic, and as always trade smart, Paradisers. 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
ADA at a Breaking Point: Will It Skyrocket or Crash?Yello! Are you ready for what’s coming with #ADAUSDT? The price action is heating up, and the next move could be explosive. #ADA is showing signs of a critical Elliott Wave structure, and what happens next will determine whether we see a massive rally or a sharp drop. Let’s dive into the analysis. 💎#CARDANO has just completed a strong impulsive 5-wave structure, topping out around $0.8211. At this peak, we’re seeing a double top formation with corrective Wave B, which is often a bearish reversal signal that’s exactly what’s unfolding now with an ABC correction pattern. The price is currently in Wave B of the correction, gearing up for a potential drop towards Wave C. 💎The critical level to watch is the Golden Pocket Zone (FIB 0.168) around $0.7430. This zone is crucial because if #ADAUSD holds this level, it could trigger a strong bullish reversal that sends the price towards the $0.8240 Supply Zone. 💎However, if ADA fails to hold momentum at the FIB 0.168 level and closes below it, we could see it dropping further, potentially targeting the imbalance and bullish OB zone at $0.7089. 💎Before entering a trade, we add confirmation such as ensuring the RSI and MACD form a bullish divergence. If they do, that means the Wave C correction has ended, and a new Elliott Wave structure is on the way, offering a long opportunity. What’s your take? Will ADA bounce or break down? Share your thoughts below! 💬 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
10
Ethereum MELT UP is coming. There's been a lot of discussion lately on where ETH price might go and, mostly the news I saw, where super bearish on it. I remember seeing a chart where Hedge Funds where MEGA bearish on it based on Trump news of some sort, however these data was not lying and indeed Hedge funds had the most COT bearish data ever recorded (2024 Xmas), thus the price suffered a great decline since. Now the picture has change dramaticaly; technicals + recent COT are pointing to a MELT UP that can happen from March. Ethereum present us a clear 1, 2, 3, 4 (we're here), 5 - Elliot Wave Count, where we are now in an extended corrective ABCDE pattern ready to blow up with Monthly Demand level, which we are currenly testing. From COT readings, we can see Fund Managers going from -4.250 net positions, to 2095 net positions, meaning that they went from MEGA bearish to VERY bullish in a short period of time. Conclusion, I see a MELT UP incoming in the next months of 2025.
BINANCE:ETHUSDLong
by AlbertFX99
5