maticmativ technical analysis basically on elliott waves principle
matic can be make a new high as a ATH on 5.70$
wait and watch
Elliotwaveanalysis
ETH, back to 4000 soon?Hello everyone,
considering the recent strong movement in ETH, I expect the bullish trend to continue towards 4000 within the next weeks. The green area (0,5 - 0,681 fib) should provide good support for new long positions.
Only a break below approx. 2800 would indicate a more bearish sight of the market.
FET Long: EWT Analysis +$10 coming? By April 2025?All roads lead to roam.
+ Cycle Parallel Channel
+ Impulsive Parallel Channel
+ Cycle Wave 3 impulse of Wave 5 Primary.
The target is 1.618 to 2 Fibonacci extension.
Last Rally for Cycle Wave 5 topping around Nov/Dec 2025
SMCI Long Setup (4H Timeframe)
🚀 SMCI Long Setup (4H Timeframe) 🚀
🔍 Trading Plan
This setup aligns with Elliott Wave theory, showing potential for Wave 5 development supported by the demand zone and Fibonacci retracement/extension levels.
---
📉 Trade Details
- Entry: ~$34.93
- Price is near a demand zone, aligning with the 0.5 Fibonacci retracement level of Wave (4). This suggests potential upward momentum as Wave 5 begins to form.
- Stop-Loss : $30.24
- Placed below the demand zone and 0.618 Fibonacci retracement of Wave (4) to protect against invalidation of the setup.
- Take Profit Targets:
1. Target 1: **$42.37**
- Corresponds to the 0.618 Fibonacci extension of the projected Wave 5.
2. Target 2 : $47.53
- Matches the 1.0 Fibonacci extension of Wave 5, indicating full potential completion of this wave.
3. Target 3 : $55.90
- A higher price level within a supply zone, representing an extended Wave 5 target.
📊 Wave 5 Development
The price action suggests that Wave 5 has strong potential for development. Elliott Wave theory predicts that Wave 5 is the final impulse wave in the trend, which could align with broader bullish momentum and demand zone confluence. Wave 5 is projected to reach key Fibonacci extension levels, marking potential profit zones.
📊 Risk-Reward Ratio (RRR)
T1: ~1:1.3
T2: ~1:2.3
T3: ~1:3.6
Trade smart and may the market favor your strategy! 🚀
**⚠️ Disclaimer**
This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk, and you should only trade with funds you can afford to lose. Always conduct your own analysis and consult a financial advisor.
#Wave5 #DemandZone #ElliottWaveTheory #TradingPlan
GOLD ELLIOTT WAVE ANALYSIS: 27 NOV, 2024 - BULLISH©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
The wave ((b))-navy itself is a Zigzag, labeled wave (a)-orange, and the most recent wave (b)-orange is probably also finished, now we could be moving up with wave (c)-orange. While price must remain above 2,605.085 to maintain this view.
Alternative scenario (ALT, less likely): Shows that wave (b)-orange is not finished yet, but has a leg to push lower.
Key point: 2,605.085
Crypto (HOT/USDT) Long Setup (4H Timeframe) 🔍 Trading Plan
This is a long trade setup based on Elliott Wave analysis and key support/resistance levels.
📉 Trade Details
Entry: 0.002834
Price is near a strong demand zone and aligns with support at the Wave (4) level.
Stop-Loss : 0.002590
Positioned just below the demand zone to minimize risk.
Take Profit Targets:
Target 1 : 0.003415
This corresponds to the 1.0 Fibonacci extension of Wave (5).
Target 2 : 0.003914
The 1.618 Fibonacci extension of Wave (5), where a strong resistance zone is identified.
📊 Risk-Reward Ratio (RRR)
RRR: Approximately 1:3 to T1 and higher if T2 is reached.
🔔 Additional Notes
The setup is supported by a clean impulsive structure completing Wave (5) and retracing to a demand zone.
Good luck, and always manage risk carefully! 🚀 #CryptoTrading #HOTUSDT #TradingSetup
⚠️ Disclaimer
This analysis is for educational and informational purposes only and should not be considered financial advice. Cryptocurrency trading carries a high level of risk and may not be suitable for all investors. Always conduct your own research, assess your risk tolerance, and consult with a financial advisor before making any trading decisions.
XAU/USD 26.11.2024OANDA:XAUUSD
Hello Traders, after November 25, the market moved down as calculated. I would now interpret this as a small ABC correction (orange count). I am currently looking for bullish momentum for the move from B to C.
Dollar Index - Nearing the end of a correctionThe latest update is that we are trading in an A-B-C flat correction, and more precisely in the C-wave, which should develop in 5-waves as well. It appears that 3-waves have completed and we are now in the corrective 4th wave that should be followed by one last run higher that could target 108.95/109.50. If we are right, this should hopefully be the end of the Dollar’s bull run and lead to another wave of selling
𝙄𝙩'𝙨 𝙖𝙣 𝙞𝙣𝙝𝙚𝙧𝙚𝙣𝙩 𝙢𝙖𝙧𝙠𝙚𝙩 𝙗𝙚𝙝𝙖𝙫𝙞𝙤𝙧 !!Bitcoin has completed its 5TH upward wave, and now it's time for a price correction down to around 95k. The price can correct itself and then continue its growth.
every uptrend has to be corrected, that's the nature of the market.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EURUSD: New Sellers Can Show Up From 1.06After a sharp drop at the end of last week, EURUSD is now attempting to stabilize. We can observe five waves up with a Sunday gap in the middle, which was eventually filled during Asian trading hours. In my opinion, this gap could act as a support level and lead to further upside, especially if the current move is a temporary wave "b" drop of a corrective rally.
Further gains are expected then in the short-term only. Keep in mind that the higher-degree trend remains bearish, and the upside could be limited once wave C unfolds. Strong resistance is seen at 1.0550–1.0610, where the whole fourth-wave rally could come to an end. Euro can turn bullish only if we see recovery above 1.0764.
GH
XAU/USD 24.11.2024OANDA:XAUUSD
Hello Traders,
Welcome to my chart update for the upcoming week!
Currently, we might be experiencing a small correction. I now interpret that we completed a 1-2-3 move on October 30. As a result, we could potentially be forming an ABC structure within wave 4.
Wave (A) might be seen as an ABC move, but it's too messy for me to draw it accurately. The upward movement to wave (B), however, could be counted as a 1-2-3-4-5 move.
The target for wave 5 is particularly interesting. It aligns closely with the Fibonacci entry levels from wave (B) and matches almost perfectly with my volume indicator.
So, folks, remember: don’t trade emotionally. Wait for the price to enter the target zone, and then look for signs of short volume at the specific levels. The take-profit (TP) level would be at the end of wave (C).
Wave (C) can be charted once wave (B) has been rejected. From there, we would expect a 1-2-3-4-5 setup downward, with the fifth wave marking the (C) target.
Good luck, and stay calm!
XAG/USD 20.11.2024FXOPEN:XAGUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, stopploss would be above the last high take profit would be all the way down to wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C).
If you have any questions, feel free to ask! ;)
Hellena | GOLD (4H): Long to resistance area of 2711.Dear colleagues, the price continues its upward movement and it means that wave “C” is definitely formed.
I believe that the price is forming a five-wave movement and we have 2 options for the development of events
1) Wave “1” is not formed yet and will continue the upward movement - this is a more risky entry into a long position.
2) Wave “1” is formed and I expect a correction in wave “2” to the area of 38.2-50% Fibo lvl (2605.5) and then an upward movement to the resistance area 2711.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Gold on strong corrective ABC move up Gold is moving upwards to correct previous downfall to 2536. This move is very strong and is contained in narrow channel. You can expect two more legs of this move up to above 2700 area.
SQ - wait for discountSQ - pulling back into buy zone. Wait for around 50ish.
Earnings in couple of weeks, I bet this will reach the buy zone before that. If earnings beat with strong forecast, can push this higher.
Stop Loss - 40
Long entry - 50-54
Target # 1 - 100
Target # 2 - 130
Target # 3 - 150
GOLD ELLIOTT WAVE ANALYSIS: 24 NOV, 2024 ©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
Wave count changed to maximize probability. Wave 3-grey has ended, and wave 4-grey is still unfolding, there is little data to suggest it has ended, I think it may still be developing. More specifically wave 4-grey is developing as a Flat, its wave ((a))-navy has completed, and its wave ((b))-navy is pushing higher, it could reach 2.765 (Wave ((b)) retraces 90% of wave ((a))-navy), or higher, then a push lower with wave ((c))-navy will unfold.
Alternative wave count: Wave 4-grey has ended, and wave 5-grey will unfold. We also have a pullback with wave ((ii))-navy after that.
$BABA NEOWAVE ANALYSISExperimental analysis with the intention to follow back later on as I am still learning
First leg of the correction is a diametric
Second leg of the correction is most likely a neutral triangle
In a neutral triangle wave C is the biggest and could be 138% to
161.8% of wave A
c-wave of a Neutral Triangle
is usually the longest, most subdivided and most time consuming of the three trending waves
Wave B is confirmed to be ended as we got a move that was faster and bigger than the largest counter trend wave within wave B (red rectangle)
TON's Situation: What Shall we Expect ??Finally, the wedge broke .The price can reach the shown targets. That's it.
previous analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
XAU/USD 20.11.2024OANDA:XAUUSD
Hello Traders,
Here are my thoughts for the coming days/weeks/months, based on the Elliott Wave method:
It’s clear that we’ve topped out at wave (3).I anticipate seeing an ABC correction forming within the overall wave A to B. Fibonacci target levels for the smaller wave C can be drawn once wave B is established.
My plan is to short at the 78% Fibonacci level where also a high volume area is, riding the move down in wave 4. Along the way, I’m looking for a clean 1-2-3-4-5 setup from the larger wave (B) to the larger wave (C). That would be phenomenal clear chart set up.
If you have any questions, feel free to ask! ;)
#AUDJPY 1H timeframe Elliott wave analysisAs shown in the chart, we could be observing a 1-2, 1-2 setup in the Elliott Wave count, indicating a potentially significant bullish opportunity.
However, it is crucial to wait for clear price confirmation before entering any positions.
Thank you in advance for your support!
#silver Elliott wave analysisAs shown in the chart, it appears that the price is approaching the completion of wave 5 of its recent bullish impulsive move on the 1H timeframe.
I’m watching for a potential retest of the bullish trendline as an opportunity to enter a buy position.
GOLD: Correction Likely After Impulse RallyThe 4-hour XAU/USD chart shows a completed Elliott Wave (1-5) structure, with wave (5) reaching the $2,655-$2,660 resistance zone, indicating a potential reversal. A corrective ABC pattern is expected:
Wave A: Targeting $2,620-$2,630 (middle support zone).
Wave B: Minor retracement below $2,655.
Wave C: Extending to $2,600-$2,610 (lower support).
As gold prices are highly sensitive to macroeconomic events, traders should use proper position sizing and stop-loss levels to mitigate risks. Keep an eye on upcoming economic releases and geopolitical tensions that might affect market volatility.
Good luck
