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Ending Diagonal

$AUDUSD - Breakout from the ending diagonalHi guys! 👋🏻 🔔 Breakout from the ending diagonal (wedge) is confirmed, AUD/USD remains above the resisance of 0.76670, which is a bullish continuation sign for the pair. Although might slightly correct to retest the upper edge of the pattern as support, so keep that in mind. 🔔 The US Annual inflation rate in March exposed 2.6% which is far beyond the FED’s desired 2%. Hence, investors worry that the FED may reconsider the interest rates sooner than expected. 🔔 Australian Consumer sentiment index in April surged to 6.2% (previous 2.6%) as consumers tend to show confidence in the economic growth of Australia. 🔔 The US Inflation data once again beat expectations and brings anxiety to the market, slacking the US Dollar index. DXY lost 0.28% yesterday and is down 0.12% today, while commodities like gold and silver are looking to rally. The Australian Dollar which is mainly correlated to Gold is on the main spot light. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
2
$BTCUSD - Bullish flag and Fibo levelsHi guys! 👋🏻 🔔 Bullish flag is being formed on BTC/USD 🔔 The Fibonacci divergence of the latest impulse replicates a support at 0.5 Fibo, however Bitcoin might as well drop to 0.618 Fibo to a massive support around $59K. 🔔 The retest of $59K would be a drastic uptrend signal as it not only holds the dynamic support of the bullish flag but a dyanic support of February 28. 🔔 Also there is a stable static support at 59K, hence sooner or later BTC will jump towards $68K and as the volumes increase, Bitcoin will proceed towards $70K and $78K. This ending diagonal formation might suggest a bearish reversal, a strong reversal but since March 2020 we have seen many times that BTC simply ignored the pattern and was rather bullish on the completion of this pattern than bearish. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
BITSTAMP:BTCUSDLong
by azizelliott
$EURUSD - Following an ending diagonalHi guys! 👋🏻 🔔 Euro is following an ending diagonal pattern on an hourly chart 🔔 Both MACD and RSI indicators are signalling the short-term bullish continuation of the pair. Whilst the chart pattern analysis suggests that Euro is about to hike towards $1.1990 and $1.21300, closing above the $1.1800 is extremely important, otherwise it would be a retest of the support as resistance and Euro will resume the downtrend. 🔔 The pair is following the ending diagonal pattern on an hourly, which in general suggests the local trend reversal. According to the five-wave structure of this pattern, it is assumed that the Euro should have one more leg down before it can breakout from the dynamic resistance. However, if the Euro keeps the bullish pace of March 31, we could witness a breakout and an advancement towards $1.19900 and $1.120200 anytime soon. 🔔 Here is what it looks like on a Daily chart, to give more confidence to buyers. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
Ripple XRPUSD - Road to 100 USD! | Millennium IMPULSE Wave!- XRP is absolutely ready for a massive gains as the current never ending consolidation has finished successfully! - As per my Elliott Wave count, I can really definitely see a brutal 5th Impulse wave to the upside starting in the immidiate short term! - Do not forget to check my the most important analysis on BTC.D (Bitcoin dominance). - XRP fell from 2. down to 7. place on Coinmarketcap in recent months. - XRP is in my opinion the most hated coin on the cryptocurrency market (pump and dump). - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - 200 weekly moving average is rising, which is of course a positive sign! - Make sure to have enough XRP in your wallet, as I do not recommend to use futures markets for this coin. - If you want to see more of these ideas, hit "Like" & "Follow"!
POLONIEX:XRPUSDLong
by UnknownUnicorn2537518
59
Bitcoin BTCUSD - Elliott Wave UPDATE! + Rising WedgeBullish scenario for Bitcoin: - This is my current bullish Elliott Wave count and as you can see, the price action is currently extremely bullish. - RIsing wedge is generally a bearish pattern, so there is a chance for an ending fifth Elliott wave diagonal. - Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓ - I am not expecting the price to go above the rising wedge, it is possible, but sounds unlikely and can be just a bull trap or liquidity provider for whales. - The volume is decreasing and this trend should continue for next month. - If you want to see more of these ideas, hit "Like" & "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
13
PLTR: Ending diagonal?Don't follow this one much, but I've heard some good things about the company. I'll have to look into them more. The chart looks good. We have a pretty ugly ending diag. If examined closely it fits the internal wave structure of the aforementioned pattern. We also have some pretty good looking divergence on the 1hr. Some good looking humps ;) What do you all think of PLTR? I've been trying to keep these updated as much as I can while balancing family and work. I hope we all come out on top next week. I've been bleeding out long enough :) lol Linked another potential diag in EVGN. This one is a larger degree and it's a motive diag, not a corrective one. Thanks for checking it out!
PLong
by adambiers
2
$LTCUSD - Elliott Wave analysisHi guys! 👋🏻 🔔 Just sharing my Elliott Wave count on LTCUSD. Litecoin is still bullish and I believe the pair will resume the uptrend from this level. 🔔 One of the bull run signals I use for crypto trading is the lower wick of the 4H candle, whenever the bottom wick is longer than the body, expect a bullish run as the long lower wick means that the asset has collected the pending buy orders thus increasing the volume. 🔔 If the count is incorrect refer to the ascending ending diagonal and pls let me know which part of the Elliott Wave count is not correct, because I have some doubts about the beggining of the Primary and Intermediate cycles. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:LTCUSDLong
by azizelliott
BTC.D Bitcoin Dominance - ALT SEASON! +Weekly Head and ShouldersBitcoin Dominance Weekly Chart (BTC.D) - On the chart we can see 2x Head and Shoulders Pattern. - Currently the second one is bearish and the price is currently on the HaS neckline support. - You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins. - As you can see we have a double top reversal pattern on the weekly swing highs (September 2019 and December 2020). - Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓ - 200 weekly moving average can serve as a resistance in the near future. - Don't miss my upcoming updates and new ideas. - A question is where is the target. We can target 0.618 FIB retracement + bottom of the trendline + Head and Shoulders (conservative target). - If you want to see more of these ideas, hit "Like" & "Follow"!
CRYPTOCAP:BTC.D
by UnknownUnicorn2537518
5
#Bitcoin and #Ethereum targets nearbyHi guys! 👋🏻 Yeah, I know it wasn't a symmetrical triangle, it was a Flag pattern being formed. 🔔 Cryptocurrency market drew its attention to policymakers and lawmakers once again after the purchase of the $1.5 billion worth of Bitcoin by Tesla, claiming that the company will start accepting Bitcoin for it’s products. Now it looks like another giant corporation, Amazon is looking to integrate crypto-payments, as the company is looking for a Software Development Manager - Digital and Emerging Payments. 🔔 US Treasury Secretary Janet Yellen on Wednesday warned of an “explosion of risk” in digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. 🔔 Bitcoin has formed a bullish flag on an hourly chart and has just confirmed a breakout from it. 🔔 The $43900 previous resistance acted as a support and Bitcoin was able to retrace from that level yesterday. Bullish continuation of BTC/USD may be stopped anywhere near the dynamic resistance of January 25. 🔔 The bearish reversal of Bitcoin is at this stage is very unlikely as the pair already confirmed a breakout from the corrective bullish flag pattern. MACD already crossed the signal line and is steeping towards uptrend continuation. 🔔 Similar dynamic resistance test was experienced by Ethereum yesterday. As seen on the chart above, Ethereum tested a major dynamic resistance of an ascending ending diagonal and retraced. The test of $1696 resistance as a support bolstered bulls to push ETH/USD above the $1750 resistance. 🔔 The most interesting part is that Ethereum formed a "diamond" pattern on a 15-minute chart. Diamond is a trend reversal signalling pattern which is formed in a combination of two symmetrical triangles to form a rhomboid shape. 🔔 Both coins look bullish amid their breakouts from their respected resistances, although both have to once again test the nearest resistance which halted them to continue the uptrend. Watch for the levels indicated above and follow the resistance levels to make the best decision. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
COINBASE:ETHUSDLong
by azizelliott