XAUUSD 10/20 ~ 10/25 AnalysisA lot of bullish momentum against the Dollar. Strong Wave 5-1 signals a bullish Wave 5 all-together. Expecting minor pullbacks on the way up.
Fibonacci
USDCAD 10/20 ~ 10/25 Analysis Initially anticipating a deeper retracement, last week's Wave 4 was exceptionally short. Combined with the extremely bullish and extended Wave 3, Wave 5 has a good foundation for a strong bullish continuation- possibly an extended one.
Fottie - Potential Leap to 1,000x
Currently a $960k market cap at the time of writing, this frog memecoin has plenty of space to the upside.
Fottie is displaying an extremely similar fractal/behavior that saw Pepe bottom in October 2023 and breakout from a downward wedge.
See below chart for PEPE:
PEPE at the time of writing has a $4.4bn market cap. Fottie has just shy of $1million. Even with a 1,000x it will still remain in the shadow of Pepe.
So back to PEPE:
Recently Fottie on it's exit from the white wedge also broke out into the RSI bull zone (from the indicator at the bottom of the chart). It is now on a volatile rampage up to the 0.5 or 0.618 fib level.
From there it will likely correct to form its first completed Wave 1 of 5 wave. That would create an inverse head & shoulders.
Dec 2024 to Feb 2025 is likely to will lead to the most volatile 3rd wave in the memecoin space. Before it finally tops out on it's Macro Wave 3 around February 2025.
From break-out (green vertical line) to T1 (Target 1) this is a 227,000% gain (2,270x). From current levels a 86,000% gain (860x) in dollar terms.
Ignore this frog at your peril.
See you in 6-7 months!
P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small exclusive audience.
Pepe - Diminishing Potential Returns
Pepe has seen quite the rise in recent years. That said the days of exponential returns may be behind it and found elsewhere in the meme coin space (more on that below).
Currently it looks like Pepe is beginning is on its way to completing an initial Wave 1 of 5.
By May 2025, it stands to reason that Pepe will see a 6-7x in USD terms.
According to fibonacci levels, this would see it enter the pocket between 2.272 and 2.414.
As much as it looks like meme-coins will see a resurgence in the next 9 months, my attention is going to be in an alternative meme-coin, that has just begun an exponential breakout like Pepe did in October 2023 (green arrow & vertical line).
Once you see it, you too will notice the similarities with Pepe's original breakout.
Want to know which meme-coin is looking like it will show exponential returns instead of Pepe? Check out my next post... (it begins with an F).
P.S. If you like the RSI Bull/Bear Thresholds indicator at the bottom of the screen, drop a comment below. It will soon be made available for a small exclusive audience.
Buy RetracementGood day traders. Hope you have been well. Here is a nice setup to consider over the weekend, USDCHF. As you can see we are looking to go long , reason being that we are seeing a formation on a possible 61.8% buy retracement , meaning we are looking to buy around level 61.8% zone.
19-Oct-24Since seeing the bullish rejection on 11-Oct, I have been expecting price to break down on this level to access this liquidity pool (orange magnet).
Despite this bearish outlook, price has continued to squeeze shorts.
Once the weak handed shorts are squeezed out, I think that uptrend will end, allowing price to fall down to breach into the liquidity pool at the orange magnet.
We could then expect a bounce back to the lower third of price action.
Nasdaq Monthly Analysis - Possible Measured Move CorrectionThere may be a lot of choppy price action at the top of this trading range until price definitively starts to trend down to facilitate the correction or break out to make new highs. The reason for speculation that Nasdaq may be due for a correction is based on the current impulsive wave's similarity to the previous impulsive wave in both price and time.
If the current impulsive wave has reached exhaustion it will be an approximate measured move of the previous impulsive wave with increase factors of:
1.022 increase in price range (10,365÷10,142)
1.046 increase in days to climax (637÷609)
If the upcoming correction is also a measured move of the previous correction, using the calculated increase factors, the correction should be projected to occur over approximately 340 days (325×1.046) and decline by approximately 6,483 Points (6,344×1.022).
This would bring price to 14,309 (20,792-6,483) around the date of June 16, 2025, which would also bring price back to the trend line.
The projected correction, based the listed calculations, may retrace 77 Points below the 61.8% level (14,386-14,309). It is also worth mentioning that the previous correction retraced 76 Points below the 61.8% level (10,503-10,427). This difference in retracement below 61.8% is a factor increase of 1.013 (77÷76).
On the monthly timeframe, technical indicators such as Stochastic and RSI show price as overbought.
SUIUSDT: Restesting ATH Support—Bull Run Resuming Soon!BINANCE:SUIUSDT is currently retesting its all-time high support and is poised to resume its bull run from here. After a healthy consolidation following the ATH breakout, it’s time for take-off! As a strong layer 1 blockchain with a robust community backing it, I’m expecting new ATHs in the near future. Keep an eye on this one!
BINANCE:SUIUSDT Currently trading at $2.14
Buy level: Above $2.1
Stop loss: Below $1.69
TP1: $3
TP2: $4.5
TP3: $6
TP4: $7
Max Leverage 3x
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US500 afternoon updateUpdated bull count for US500.
Target for bulls is red median line of pitchfork (drawn from March 2020 low/January 2022 high/October 2022 low.
Current count has price in wave (3) of iii of (iii) of (v). Wave (2) tagged .618 fib drawn from 17 October high of 5884.7 to 15 October low of 5806.6.
Key support for this count to remain valid is 5806.6. Also key for price to remain above .5 median line support (teal line).
Is FTMUSDT About to Skyrocket? Key Levels to Watch Now!Yello Paradisers! Could #FTMUSDT be gearing up for a massive rally? Let's dive into the latest price action and what might be on the horizon for this altcoin.
💎#FTMUSDT has been respecting a strong ascending support line, with multiple touches confirming its validity. Recently, we saw a market structure break to the upside, resulting in a new higher high. Now, a much needed retracement has played out, and we’re starting to see signs of bullish momentum building again.
💎On the lower time frames, FTMUSDT has formed a double bottom pattern, hinting at a potential bullish reversal. If we get a clean Change of Character (ChoCH) confirmation, FTMUSDT could be poised for a significant move upwards.
💎FTMUSDT has successfully flipped a crucial support/resistance level, and the price is currently hovering just above it, showing strength. The next major resistance zones to target are around $0.7658, with a stronger resistance at $0.8377. There’s still an untouched demand zone below, along with a Fibonacci retracement level that could attract a final dip before any further bullish push.
💎If FTMUSDT closes a 4hour candle below $0.6720, the bullish thesis would be compromised, suggesting potential downside risk.
Stay sharp and play it safe, Paradisers. This could be a powerful move—but only if the market continues to respect these levels.
MyCryptoParadise
iFeel the success🌴
End of the Trend?It is not a Shooting Star and not a Hanging Man. And I am to lazy to look into my Nison bible what the name of such a candle on top of a Flagstaff is. At least it is not a bullish signal.
When we will hold this price level until Thursday -and I expect it to do so- then a downward correction is likely. I will have a look at the Fibonacci levels to get an idea of the first targets.
USOIL - LONG IDEAUSOIL recently it broke the trendline and now retest Fib 0.786 perfectly with bullish hammer and also bullish div. if the market successfully sustain the next leg up could go for new HH.
NZDCAD Sell idea 18 October Sell idea on the NZDCAD as discussed in my trading room today at tiankriek.com
The NZD is weakening and combined with possible CAD strength I expect price to move to the Fib D
#xauusd #elliottwave short sell setup 18Oct24This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Crypto Total Market Cap to Surge to $5.987T by 2029!Using the Elliott Wave theory, Fibonacci retracement, and the ABCD pattern, I’m projecting a significant rise in the total crypto market cap over the coming years, potentially reaching $5.987 trillion by 2029.
We are currently in the early stages of a new impulse wave (Wave 3) after completing a corrective phase (Wave 2). The first target (TP1) is set at 3.967T, supported by the 1.618 Fibonacci extension level. If the market reaches this target, a subsequent wave (Wave 5) could push the total market cap up to 9.983T, aligned with the 2.618 Fibonacci extension level.
The ABCD pattern further confirms these projections, reinforcing the potential for a strong upward movement.
While the market remains dynamic, this analysis provides a promising outlook for the long-term growth of the crypto space. Stay tuned and secure your positions! 🛡️📈
Nio Elliott-Wave and Indicator analysis
#Nio is looking good on the 4h.
Im waiting on an Elliott-Wave a-b-c type structure. Afterwards I can get into the market if I want.
RENDER LONG Position So, I've been watching the price for a couple of days. After the major change of character, the price broke the structure to the upside again and confirmed this bullish trend.
After the break, it came to the discounted zone, and after sweeping the low, it bounced from the golden zone and changed character again. So we can try to buy the price towards the upside to all those liquidity levels, so I set my stop loss below the low and target those highs, and potentially, it could hit our take profit level.
best of luck <3
$SPY October 18, 2024AMEX:SPY October 18, 2024
15 Minutes.
One of those flip flop days.
SL was hit.
At the moment below all moving averages in 15 minutes except 200.
At the moment looks like a double top in 15 minutes supported by Eliott oscillator divergence.
I prefer not to trade today.
Bias is downside towards 580 levels.
Germany Stock Market Index (DE40) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | 15 Minutes Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
Crude Oil Mastery: Fib Levels, Blocks, & Money Flow MagicMy trading strategy for crude oil is based on a combination of Fibonacci levels, order block support, and money flow profile analysis. By using these tools, I aim to identify key areas of market strength and weakness, allowing for high-probability trade entries. The Fibonacci levels help pinpoint potential retracement zones, while order blocks provide insight into significant support and resistance levels. The money flow profile gives a clear view of liquidity and market participation, allowing me to track where large capital is moving in the market.
GBP/JPY Analysis: Cycle Completed and Expecting PullbackLooking at the 1-hour chart, GBP/JPY has completed a bullish cycle, reaching the key resistance at **196.054**, as indicated by the blue zone. The pair appears to be facing resistance, and I’m now expecting a pullback.
1. **Fibonacci Levels**: The pullback could target critical Fibonacci levels for a potential bounce. The **23.6% (195.537)** retracement level has already seen some action. However, deeper retracements toward **38.2% (195.217)** or even **50% (194.952)** could provide stronger buying opportunities before the next bullish leg.
2. **Support Zones**: There is solid support around **194.750** and **194.300**, which coincides with key Fibonacci levels and previous consolidation areas. These zones could act as strong demand areas, signaling potential entries for the next wave upward.
3. **MACD**: The MACD is showing weakening bullish momentum, which aligns with the anticipated pullback. If the momentum continues to weaken, it further strengthens the case for a short-term corrective move before continuing higher.
4. **Next Move**: I expect the price to dip towards the **50% (194.952)** or **61.8% (194.700)** Fibonacci level for a pullback, followed by a bullish reversal toward **196.054** and possibly beyond, depending on how the market reacts at these key zones.
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This analysis indicates a short-term correction before resuming the overall bullish trend. Monitoring how price interacts with the Fibonacci and support levels will be key for identifying strong entry points.
