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Elliotwaveanalysis

Polygon (MATICUSD): EXTREME Potential Long-Term Opportunity Matic presents a similar narrative to PolkaDot BINANCE:DOTUSDT . Since the low, marking our Wave (2), we find ourselves engaged in an overarching Wave (3). Currently, we're contemplating a completed Wave 1 scenario, and the path ahead entails a Flat correction for Wave 2. This Wave 2 correction is anticipated to pivot between 50% and 78.6%. A breach beyond the 78.6% level could lead to a decline towards the $0.50 mark. If this level is breached, further downward movement may unfold, painting a bearish scenario. Nevertheless, a positive turn within this range could pave the way for an upward journey towards $2.50. :stock_up: We possible could never see this opportunity and price ever again. So load up your bags!
MLong
by freeguy_by_wmc
Bitcoin Analysis: Big and LongBitcoin has recently showcased its resilience, surging past the significant $31,000 mark. This breakthrough is not a mere coincidence; it's a part of a grander design in the crypto market. If your preview is distorted here is image copy of this analysis: Let's delve into the intricacies of this upward momentum: 1. Halving's Influence: One of essential factors in Bitcoin's trajectory is the phenomenon of halving. Bitcoin halving events have historically influenced supply and demand dynamics, often leading to significant price rallies. As we approach the halving period, this historic pattern adds an extra layer of confidence to the current bullish sentiment. 2. Impulse Structure and Rising Channel: Bitcoin is painting a compelling picture on the daily timeframe. Within a substantial impulse structure, a rising channel is emerging. This channel indicates a positive trajectory, reflective of market confidence. 3. Third Wave Speculation: Within this structure, the market is now poised for what appears to be the third wave, a potentially substantial wave marked by extensions. The current expectations are set on a retreat to $30,000, acting as a pivot point for the forthcoming surge, with the next ambitious target resting comfortably at $50,000. 4. Wyckoff Accumulation Pattern: Bitcoin's strength lies in its Wyckoff accumulation pattern. Though subtle, this continuous weakness exhibits a steady and robust progression, making it a quite unique pattern among other accumulation patterns (cup and handle, saucer etc). 5. Bollinger Bands Width Squeeze: A striking observation is the Bollinger Bands width, reaching a low not witnessed since the market bottom of 2014. This rarity accentuates Bitcoin's growth potential, serving as a strong indicator for investors. 6. Historical Comparisons: By comparing the current market behavior with the patterns observed in 2015-2016, a striking resemblance emerges. This historical congruence enhances our confidence in the ongoing trend, providing a solid foundation for the $50,000 target. 7. Institutional Interest: With each positive move, the market gains momentum. It's not just individual investors; institutional players are also recognizing Bitcoin's potential. The imminent approval of a Bitcoin ETF promises to be a game-changer. This financial instrument bridges the gap between traditional markets and cryptocurrencies, rendering Bitcoin accessible to a broader investor base. The ETF's advent not only signifies regulatory acknowledgment but also invites a wave of retail participation. The anticipation is that as we approach the holiday season, institutional investors will further solidify this upward trajectory. In essence, the recent surge beyond $31,000 signifies a strategic move in the crypto chessboard. As we navigate this rising channel, the road ahead holds promise, with the $50,000 mark gleaming on the horizon. Adding to this momentum, RSI (Relative Strength Index) is showing both Bullish and Hidden Bullish divergence alongside the development of the rising channel. These signals align, painting a robust picture for Bitcoin's price increase. Your support means the world to me! ❤️ Liking and commenting is a free, wonderful way to keep me motivated and help my work reach more enthusiasts like you. Plus, I'm genuinely curious: which tokens/coins have piqued your interest lately? Share your thoughts in the comment box below! Let's start a conversation! Stay tuned!
INDEX:BTCUSDLong
by ArShevelev
25
AUDCAD in jeopardyAUDCAD shows bullish momentum on all TFs 8hs and lower (I´m not looking at minute charts). However, it is in my opinion trapped in between two (evtl 3 channels) as part of a bigger WXY. AUDCAD could have already finished the wave B of Y but I´ll give it more room to the upside to the 61.8 or 78.6 fib retracement before it continues down again. Two thresholds need to be taken out (purple line and minor white channel) in order to reach these two fib levels. Please let me know what you think about my analysis!
by Staggi10
1
New impulse in NIFTY FINANCE should drive it well above 22K markThe FINNIFTY index looks all geared up to start a 11-13% rally in the coming weeks to move towards 22700 levels. The expected wave shall be the wave iii of III. After having rallied in wave i of III in oct 2023, the index has witnessed a 61.8% retracement in months of jan-feb 2024. Now since the triple three correction(WXYXZ) has been complete structurally, the index is once again back to its bullish phase and hence the expectation of the next bull leg. 19800 remains a crucial support for the index while 22700 remains the expected target level.
NSE:CNXFINANCELong
by neeraj_2_sharma
1
Elliott Wave: Nvidia pullsback ahead of earnings Hey all. Markets can see some volatile price action today, because of the release of FOMC minutes, when investors will look for any new details or change in tone regarding FED's policy. But then, after the US close speculators will be focused on Nvidia earning reports. This data can be important, not only for stock it self, but also for the technology sector and bitcoin as well. We will see how market react, but from an Elliott wave perspective market can still be in a corrective pullback, rather than making a topping pattern. Lets see. Grega
NASDAQ:NVDA
by ew-forecast
RNDR is Ready to Explode !RNDR is an uptrend for a while and actually, it hasn't even gave the value it's supposed to give. What do we have ? Let's discuss: RNDR will pump more after a small correction according to Elliot wave theory. We are currently in wave 3. But inside that wave three we are about the see corrective wave known as A-B-C . After the C ends, it will start a new uptrend with a 5 small waves. Because the main trend is going up. +Nvidia is about the make an operation based on these kinds of products and RNDR is a partner of Nvidia. It can also help the price to pump more. According to my analysis, RNDR should go 6.5 at least. Of course it's for only wave 3. After correction wave 4, we can expect more. If you are willing to invest on this product, I'd not suggest to use leverage. There is already high potential gain and no need to risk it with leverage incase of an event after some bad news. I'll share updates about this one often so you better keep up! Good luck to us all.
RLong
by vs_sayin
3
Bank Nifty to move into the 50K zone in new impulse up!Bank nifty has recently gone through a steep cut, shedding 4000 points in a matter of one month. Looking at the the bigger picture however, tells us it could be a great time to enter into your favorite banking names(or even the index itself!) The 4000 point decline was a wave ii retracement of the impulse that the index witnessed between Oct-Dec 2023. The corrective wave can be labelled as a zig-zag(ABC) and has retraced 61.8% of the impulsive rise. Now what should unfold will be the wave iii of III. This particular leg can be projected moving towards the 50K mark soon. On the downside 44540 can be considered as an important support for the index.
NSE:BANKNIFTYLong
by neeraj_2_sharma
9
Elliott Wave Analysis with Volume Profiles and Open InterestMYROAnalysis. eliott wave: the price action conforms to elliot wave theory, suggesting a potential bullish move with the completion of wave 5. volume profile (January 38th - february 3rd) the initial volume profile indicates that the price has previosly visted the point of control (poc), and it appears to be retracing towwards the upper 70% line, which could serve as oyr TP3. Volume profile (february 2nd-february 19th): the subsequent volume profile suggest that the ptice is finding support around the 70% line, this support level has also acted as resistance in previous instances. Openinterest: there is a bullish and green candle observed in the open interest data, indicatng potential bullish sentiment.
Long
by ispatialresources
5