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Elliotwaveanalysis

#Silver bearish counter trend opportunityAs seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A. As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C. This entire 3-wave bearish move could then form wave 2 of 5 on a higher degree. Therefore, while we might be looking at a short-term bearish move, according to Elliott Wave theory, there is still significant bullish potential in the coming weeks.
TVC:SILVERShort
by mohemati
#Silver near the end of wave 3 of 5 of 3 From an Elliott Wave perspective, it appears that the price has formed wave 3 in an impulsive bullish move. Therefore, we can anticipate a bearish corrective move to complete wave 4. Based on the principle of alternation, since wave 2 was a sharp correction, wave 4 could potentially be a more prolonged, time-consuming corrective phase. This suggests that the upcoming wave 4 correction may develop as a more complex or sideways movement before resuming the uptrend for wave 5. It's important to note that bullish move is still on. However, we may now see a bearish corrective move.
TVC:SILVER
by mohemati
1
Sui(SUI) Roadmap!!!Today, I want to analyze the Sui( BINANCE:SUIUSDT ) project , which has seen a good increase in these days, and show you its roadmap . The recent price surge of the SUI token can be attributed to several key factors : 1- Increased Transaction Volume : Sui Network recently surpassed Solana in terms of transaction volume. This uptick in transactions is largely driven by the rise of meme coins on the Sui blockchain, which has caught the attention of traders and investors alike. 2- Strategic Partnerships and Institutional Adoption : Sui Network has formed strategic partnerships, notably with Grayscale and Circle. The launch of the Grayscale SUI Trust has enabled institutional investors to gain exposure to SUI, boosting interest and liquidity. Additionally, the integration of USDC through Circle’s Cross-Chain Transfer Protocol has enhanced the network’s utility in DeFi and gaming sectors. 3- New SCION Technology : Sui introduced SCION, a new network infrastructure designed to enhance security and reduce latency in Web3 applications. This innovation has further bolstered confidence in the network, attracting more users and developers. It seems that according to the good news that has come for the Sui project , the increase of the SUI token will continue, but it will probably experience a small correction to increase again. Currently, SUI is moving near the Resistance lines and the Potential Reversal Zone(PRZ)($3.00-$2.50) . According to the theory of Elliot waves , SUI seems to be completing the main wave 3 . ( It is completing the microwave 5 of the main wave 3 ). I expect SUI to rise another +20% or so and then start to correct. SUI correction can be -20% to -40% . Sui Analyze (SUIUSDT), Daily time frame⏰. 🔔 Be sure to follow the updated ideas. 🔔 Do not forget to put 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
32
BITCOIN - Same pattern with bigger scale Hey Traders, As you can see Bitcoin has been moving correctively in the last few months. Too many questions about the direction of Bitcoin. Are we gonna hit the 80k level or we are going down to the 40k level. Well, based on Elliot wave theories and based on market structure, we still have one more leg to the downside. Technical Approach : We are in a WXY Pattern. WXY is made up of 3 waves: Wave W = 3 waves Wave X = 3 waves Wave Y = 3 waves Expecting wave Y to be a ZIGZAG pattern ( 5-3-5 ) . This type of pattern is made up of 3 waves were waves A and C consists of 5 waves each, while wave B consists of 3 waves only .We are currently in subwave C of wave Y ( final leg ). Historical Approach: We have seen the same pattern with smaller size in the beginning of the year. Any entry from now requires a stoploss above invalidation level. Good Luck and trade safe!
INDEX:BTCUSD
by Tradenessfx
Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H - It is moving in an ascending channel in the 4-hour time frame. - It is currently in wave 3 or c, which can continue its growth up to the top of the channel. - A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range. - After that, a 5-wave correction has extended to the bottom of the channel in the golden zone. - Wave a has a three-wave cycle and wave b has a five-wave cycle. - Therefore, wave c can extend to the region of the roof of the channel and the red box. 💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth. ⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be updated again. ⚠️ »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« KUCOIN:SOLUSDT
Long
by alikze
EUR NZD ELLIOTT WAVE ANALYSISThe EUR/NZD currency pair has completed its five-wave cycle, indicating a potential transition into an ABC corrective phase. Traders can anticipate a downward correction with initial price targets aligned with key Fibonacci retracement levels. The first target is set at the 38.2% Fibonacci level, providing an early take-profit opportunity as the correction unfolds. Should the corrective wave extend further, the second target is identified at the 61.8% Fibonacci level, offering a secondary profit-taking point. This strategic approach leverages the Fibonacci retracement to optimize risk management during the anticipated correction in the EUR/NZD market.
by ayad2019omar
BTC Primed for Explosive Wave 3 Rally: All-Time Highs in Sight?BTC looks to have completed its ABC correction for Wave 2 in the short-term impulse wave. The correction landed perfectly on the 0.618 Fibonacci retracement level, a textbook setup for an ABC pattern. With this, BTC is now entering Wave 3, which historically offers the strongest price movements. In the immediate term, BTC is poised to break through Waves 1 and 2 of 3 quickly. But the real fireworks will likely come when we hit Wave 3 of 3, which could push BTC up to as high as $68k—a target that’s been on the cards for some time. If we manage to break through the upper trendline during Waves 4 and 5 of the higher degree trend, BTC could be set for new all-time highs within the next few weeks. With all eyes on this setup, it feels like November 5th could be a pivotal moment for BTC. Let’s see how the market unfolds, but it’s looking very bullish!
Long
by cryptechcapital
1
NVIDIA Is Trying To Breakout Of A Triangle; Room For $150Hello Traders, and welcome to our new update! This time I will take a look at Nvidia. It’s in a very nice recovery and looking strong, especially after retesting the $90 area and filling the gap from August, which occurred after earnings were released in May. This retracement was quite similar to the pullback we saw back in April, when the market retraced to the gap from February’s, following Q4 2023 earnings release. Currently, Nvidia is coming out from an Elliott wave bullish triangle. This is significant because such triangles typically represent sideways price action between two contracting trendlines, where many traders tend to lose interest as the range drags on. However, as the price contracts, this is actually when we should expect a breakout, espeically when we see five subwaves labeled A-B-C-D-E within the triangle, it’s a strong signal that the breakout can be coming. The confirmation for the breakout comes when the wave (D) swing high is broken, which was around $127. But now,the price is even pushing above $131.40, wave (B) high. if it closes above that level, I believe there’s a good chance the market will rally to new highs, potentially reaching the $150 area. If you find these insights helpful, please like this idea or drop a comment below. Gregor
NASDAQ:NVDA
by ew-forecast
BNB Poised for Wave 5 Surge: A Golden Setup or Last Call to ExitBNB has made a decisive move, breaking its trendline and completing Wave 4 in a classic Elliott Wave triangle. For those new to Elliott Wave Theory, Wave 5 represents the final push in the current trend, typically leading to impressive gains. Currently, Wave 2 of 5 is nearing completion, and this sets the stage for Wave 3 of 5, often the most powerful wave in terms of price action. However, here’s the critical point: if BNB’s long-term support is decisively broken, that’s the clear signal to exit. Stay informed on both the opportunity and the risk!
CRYPTO:BNBUSDLong
by cryptechcapital
Bitcoin is Ready to Crash Again!!!Bitcoin is currently moving near the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) and 200_SMA(Daily) . According to the Elliott wave theory , Bitcoin seems to be completing main wave 4 . The structure of the main wave 4 appears to be an Expanding Flat Correction(ABC/3-3-5) . I expect Bitcoin to break down to the Support zone($60,000-$59,100) once again. ⚠️Note: Considering that the Trading Volume is usually low on Saturday and Sunday, it is more reasonable to expect the Support zone($60,000-$59,100) to break at the beginning of next week. Of course, the tension between Iran and Israel can change the scenario at any moment, and the support zone will be broken.⚠️ ⚠️Note: If Bitcoin breaks the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) , we can expect the BTC pump to near $65,000.⚠️ In previous posts , I tried to show you the Bitcoin roadmap step by step; I hope it was useful. Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put 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.
Short
by pejman_zwin
28
MARA Bullish Outlook: Elliott WavesTechnical Analysis of MARA Based on Elliott Waves. The following analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Always conduct thorough research and consult with a financial advisor before making any investment decisions. Key Observations from the Chart - Elliott Wave Theory: The chart appears to be using Elliott Wave Theory to identify potential future trends. Elliott Wave Theory suggests that markets move in predictable patterns, often referred to as "waves." - Uptrend: The overall trend of the chart seems to be bullish, indicating a potential uptrend. - Invalidation Level: A horizontal line is drawn at the bottom, labeled "Invalidation Level." This level could serve as a support level, and if the price breaks below it, the bullish outlook might be invalidated. - Pattern Recognition: The chart seems to be suggesting a potential "5-wave impulse" pattern, which is often associated with an uptrend. - Price Action: The price has recently shown a pullback, which could be a healthy correction within the larger uptrend. Potential Outlook Based on these observations, the chart suggests a bullish outlook for MARA. If the price can hold above the "Invalidation Level" and continue to follow the Elliott Wave pattern, there is a potential for further upward movement. However, it's important to note that technical analysis is not foolproof. Market conditions can change rapidly, and unexpected events can affect the price. Always stay informed about the company's fundamentals, industry trends, and broader market conditions. Next Steps 1. Monitor Price Action: Keep an eye on the price in relation to the "Invalidation Level" and the Elliott Wave pattern. 2. Consider Other Indicators: Combine technical analysis with fundamental analysis to get a more complete picture of the company. 3. Risk Management: Implement risk management strategies, such as stop-loss orders, to protect your investments. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:MARALong
by RK_Chaarts
2
COIN Technical Analysis: Wave (4) Correction Nearing CompletionTechnical analysis chart of the cryptocurrency "COIN" using Elliott Wave Theory. Elliott Wave Theory is a technical analysis method that suggests that financial markets move in predictable patterns based on a series of five waves. The information provided in this post is for educational purposes only and should not be considered as financial advice. There is a risk of being completely wrong, and users are warned not to trade or invest solely based on this study. The content is not an advisory and does not guarantee profits. We are not responsible for any kind of profits and losses; individuals should consult a financial advisor before making any trading or investment decisions. Based on the chart, we had identified a potential impulse wave pattern from January 2023 to the present. An impulse wave pattern consists of five waves, with each wave labeled (1), (2), (3), (4), and (5). Wave (1): This is the first wave in the impulse pattern and is typically a strong upward trend. In this case, wave (1) appears to have run from the low near 31-32 to a high near 114. Wave (2): This is a corrective wave that moves in the opposite direction of wave (1). It is typically a retracement of wave (1), but it can also extend beyond the starting point of wave (1). Wave (2) appears to have run from the high near 114 to a low near 69. Wave (3): This is the second wave in the impulse pattern and is typically a strongest upward trend that extends most of times. Wave (3) given move from 69 to 283 Wave (4): This is a corrective wave that moves in the opposite direction of wave (3). It is typically a retracement of wave (3). Wave (4) is currently in progress, but at verge of completion now any time. Wave (5): This is the final wave in the impulse pattern and is typically a strong upward trend that completes the pattern. Wave (5) is expected to start soon and could potentially reach the levels of 300 plus. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:COINLong
by RK_Chaarts