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AdaCardano could rise 200%hello traders Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for another possible 200% rise. These are two identical pairs of fractal. Ada could rise to about $2.5 I expect price movement to find support along the last diagonal line on the second fractal. You can always come back to check weekly when price hits the diagonal support for a cheap entry. Follow me for more well-researched technical analysis and super tight price entries on Forex pairs, Indices, Futures and Crypto in the next coming days/weeks. Good luck!!
BINANCEUS:ADAUSDLong
by kenzima55
6
Adacardano could rise a massive 200%hello traders Adacardano could rise a massive 200%. The technical picture shows there is an initial price diamond structure that created 4 waves and the last impulse wave was about a 200% rise. The same diamond price structure has been replicated at a slightly lower level. And you can see in the second structure price is completing the last impulse wave for another possible 200% rise. These are two identical pairs of fractal. Ada could rise to about $2.1. I expect price movement to find support along the last diagonal line on the second fractal. You can always come back to check weekly when price hits the diagonal support for a cheap entry. Follow me for more well-researched technical analysis and super tight price entries on Forex pairs, Indices, Futures and Crypto in the next coming days/weeks. Good luck!!
BINANCEUS:ADAUSDLong
by kenzima55
LINKUSDT wants a new bearish impulse?The market creates a falling wedge on the daily timeframe and now the price is testing the 4h support after an attempt of breakout from 7.5$. As you can see the price creates equal high on 7.5$, so that area is strong for the price. How to approach it? IF the price is going to lose the support we can look for a new short position. The price could grab new liquidity from 8$ where you can see the monthly structure in order to create a new bearish impulse. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
12
EURCHF - Catch Wave 3! 🚀EURCHF is currently in wave 2, which is an ABC wave. Waves A and B were simple enough but wave C was a different story! A really complex flat correction. We have however come to the completion zone for the correction which is the structure level at 1.0088. We're anticipating wave 3 soon, which is often the biggest wave! Trade Idea: - Watch for price to come down to the structure level - Watch for a bounce before entering - Stops below the structure level - Targets: 1.05 (400pips), 1.07 (615pips), 1.085 (750pips) As always, goodluck and trade safe!
by WicktatorFX
5
Bitcoin Elliott Wave AnalysisNotice that: 1) The timing was not considered. 2) The elliott wave analysis of the whole chart has not yet finished and it needs more consideration. Actually, it's very time-consuming. 3) There could be other scenarios; I am thinking about them as well. I might publish some of them. 4) I might change my opinion about wave C to be a WXY correction instead of a 5-wave impulse (needs more thinking and other parts of the chart to be completed). 5) Targets of wave 4 should be indicated after wave 3 ends. What I showed in the chart regarding the targets of wave 4 is just a big picture and can be changed. 6) Targets of wave 5? No Idea now; however, 15400 would be a rather good estimation. 7) I have still no idea for the microwaves of wave c of B. 8) IMPORTANT: This chart, analysis, and text are not financial advice.
INDEX:BTCUSD
by mehdi-rad
41
GOLD No Bullish Price Action, Is It Time To Look For Sell ? Hello traders: Last 1-2 weeks ago my overall view on the lower time frame for GOLD was to wait for bullish price action to have a potential buy in short term. Price however didn't form the continuation price action on the lower time frame for me to consider any entries. Instead, structure/pattern can evolve, and in this case, instead of a bullish continuation on the lower time frame, we are seeing the structure more as a bearish continuation instead now. With the overall sharp reversal impulse down, form the all time highs, price has now form a possible continuation correction right outside the ascending structure. Be on the look out for smaller continuation correction as the confirmation for more bearish impulse phase to push the price lower to the next swing lows. Thank you
OANDA:XAUUSDShort
by jojofang0901
35
AUDJPY Can Price Action Repeat Itself ? Hi everyone: Here on AUDJPY, there is good potential development that can lead to another selling opportunities. We can see from previous price action, after price has a confirmed bearish impulse down, once correction completes, lead to another bearish move. The current price action is even better as we have now created a double tops, reversal bearish impulse move down. Same 2 scenario to wait for, either price will formed smaller corrections on the lower time frame and continue the drop or a bigger, sizable correction will form just like the past, and once completed, will have another a stronger bearish move down, Thank you
Short
by jojofang0901
19
GBPJPY More Sell Coming, two options to wait for Hello everyone: Since last Friday till now we have seen lots of USD, JPY pairs gaining strength across the market. Market has pushed quite a bit and I suspect more strength to come in the near future for USD and JPYs. Here on GBPJPY, very clean price action is forming in favor of a bearish sell opportunities. From the higher time frame, price is at the top of current structure, no signs of continuations. Could be possible at the beginning to resume the bearish move from previous impulse phase. On the lower time frame, after price hits the previous swing highs from a bullish up move, price quickly revered down after creating a double tops. Strong bearish phase down, naturally will need to correct for further sell. Often these sharp impulses we see, can correct either just as a smaller corrections on the lower time frames and continue or sometimes they can create larger consolidation correction that may take days to form, but can resume the downside with more momentum. Be on the look out for these development and confirmation before entry. thank you
Short
by jojofang0901
13
Did You Miss All the Buy on Tesla ? Here Is Another One Hello traders: I have shared many Tesla's forecast and analysis in the past that leads to the bullish up move. If you missed any of the buy setup, price is potentially getting ready for another one very soon. We can see overall price has been very bullish throughout, as many impulse phases are followed by continuation phases that push the price higher. We see the latest significant impulse phase, is followed by a larger flag structure which few swing highs and lows. Good signs of a possible completion of a pattern that can be continuation in nature. Lower time frame also has a nice inverse Head and Shoulder, bullish reversal price action as well. Wait for bullish corrections on the LTFs, to confirm and validate the next buy setup Thank you
NASDAQ:TSLALong
by jojofang0901
39
GBPUSD Is It Time To Look For Buys ? Hello everyone: Also on my watch for remaining of the week is GBPUSD. From previous bearish setups, price implosively push down aggressively, After hitting a higher time frame swing lows, there signs of bearish momentum slowing down. A potential double bottoms on the higher time frame, with a falling wedge bulllish reversal, that leads to a LTF impulse phase. These are all good indication of the bullish price action in the making. Lastly we see a possible bullish continuation correction formed, possible inverse H and S pattern. Wait for price to impulse out, and smaller continuation corrections to confirm and validate the buy potential. Thank you
Long
by jojofang0901
18
NASDAQ Bullish Price Action, Look For Buys Hi traders: Here on NASDAQ, price is slowing developing good bullish price action that can potentially push the price higher. We can see price has moved down to a higher time frame swing lows, and managed to break below it. However, no signs of bearish continuation price action. instead, a descending channel reversal was formed, and a strong lower time frame bullish impulse has pushed the price up. Now that price has impulse up, it begin to consolidate to form a possible bullish continuation correction. Watch for the structure to complete and look for buy setups that fit your plan for entries to the next highs. Thank you
OANDA:NAS100USDLong
by jojofang0901
8
GOLD Bullish Reversal, Watch For Buys Hello traders: Here on GOLD, we can see from the previous down move, price has hit the bottom of the higher time frame structure. After price impulse down, it didnt create any bearish continuation correction price action, instead a bullish reversal impulse on the lower time frame. After, price followed through with a bullish continuation correction, good signs of further upside potential. Be on the look out for smaller, continuation correction on the LTF for possible confirmation and validate the entry. Thank you
OANDA:XAUUSDLong
by jojofang0901
9
How the higher time frames help you to avoid unnecessary losses Hello everyone: Today I want to discuss the importance of higher time frame analysis. Doesn't matter what type of trading strategy, method or style you use, the higher time frame often will help us to strengthen our bias overall and give us a good perspective of the possible direction for the price to go. In addition, it helps traders to avoid unnecessary losses and mediocre entries that will eat up your profits. More often I hear traders will execute trades on the lower time frames, and not factor the overall higher time frame bias and perspective. Although entering on the smaller time frame can potentially give you more Risk:Reward, it's often more risky and trades can easily reverse, then hit the stop loss. This often creates stress, negativity, and revenge trading psychology for traders which ended up blowing accounts. I want to give a few examples of higher time frame analysis, how they can help traders to avoid “traps” on the lower time frames, avoid unnecessary losses, and keep the emotion at bay to trade another day. When having a bullish bias on the HTFs, its good risk management to not consider any short term, bearish sell setups. These sell setups may form on the LTFs, but they can easily not continue to your desired target, and reverse up before you have time to react. In addition, traders hate to see profit come and go. So if a trader has a short position running in some profit, but decides to hold onto the trade, and once the position reverses, traders don't want to exit, and then end up holding a losing position to its SL. Examples: AUDUSD: HTF: Overall bias and perspective in bullish LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses NZDUSD: HTF: Overall bias and perspective in bullish LTF: Many LTF bearish setups/development, but due to going against the HTF, they ended up with losses AUDCHF: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss NZDCHF: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss NZDCAD: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss SILVER: HTF: Overall bias and perspective in bullish LTF: LTF bearish setups/development, but due to going against the HTF, ended up with loss
Education
by jojofang0901
19
SPX500 Bullish Reversal, Wait For Buy Confirmation Hi traders: Most of the indices market are now looking bullish, and here on SPY is shaping up for a nice buy setups. from the previous bearish development, price push down to the higher time frame previous lows, but failed to form continuation to go lower. Instead, price formed a potential double bottoms on the higher time frame, and descending channel reversal. Good signs of the bearish momentum exhausted. Latest development did have a bullish impulse up, and now forming possible continuation correction. Be on the lookout for the completion of the correction to confirm and validate the buy setups Thank you
OANDA:SPX500USDLong
by jojofang0901
12
Whats the possible direction of the USD ? Hi traders Looking at Dollar Index, we can get some potential USD development and direction in the up coming weeks/months. Here on the higher time frame, since last year of July 2021, price has been in a strong bullish impulse phase to the upside. Many continuation price action along the move up. Now that we have hit the previous highs, and top of structure, there's more development that may give us different outlook. Originally it broke out of the structure, but, there was no bullish continuation correction formed. Instead, Price has now create a double tops, and bearish reversal impulse to push down the price. This is a good indication that price on the lower time frame is potentially exhausted, and there could be more confirmation for a bearish USD in the making. What we can be on the look out for next few weeks is to see whether we can get a consolidation on the lower time frame on DXY, giving us a bearish continuation price action that can continue the bearish momentum to the next low of the price. Any other USD analysis, view or forecast welcome to share and discuss :) thank you
TVC:DXYShort
by jojofang0901
47
EURUSD Is It Going to Reverse Up Now ? Hi traders: EURUSD is on route to have some bullish reversal price action on the lower time frame and price could be ready very soon for another up move potential. From the higher time frame, we can see price has now hit the previous swing low, and no further bearish continuation price action. Instead, a double bottoms has formed, and an inverse Head and Shoulder pattern has also formed. These are good signs of bullish reversal price action on the lower time frame. Be on the lookout for a completion of the right shoulder, and look for smaller, lower time frame continuation corrections to form once it impulse up to confirm and validate the next buy setup. Thank you
Long
by jojofang0901
14
GBPNZD Possible Continuation Downside, Wait for Confirmation Hi traders: Also looking at GBPNZD for continuation bearish price action. After the initial bearish impulse from the top of the higher time frame structure, price was on route to break out of the structure. Instead, it started to form an ascending channel like structure, correcting the price within. However, the lower time frame correction is not showing signs of bullish momentum or price action. It its more of a bearish continuation correction, that could lead to another downside move. Be on the lookout for bearish continuation corrections on the lower time frames, to confirm and validate the sell. thank you
Short
by jojofang0901
12
EURAUD More Bearish Price Action, Watch for Sell Hello traders: Here on ERUAUD, price is not forming possible continuation price action, that could lead to more bearish downside move. From the top, we can see price had a sharp bearish impulse down from previous correction. Naturally, price will have to correct and consolidate for the next impulse phase. WE can see the latest development has a possible correctional structure, and price is on route to breakout now. To confirm and validate the setup, wait for continuation correction to form and complete on the lower time frame, before placing entry orders Thank you
Short
by jojofang0901
13
EURCAD More Upside, Watch For Buy Hello traders: Looking at EURCAD's overall price action, there could be more opportunity for upside. From the higher time frame, we can see price has hit a previous swing lows, and started to slow down and consolidate. This could lead to a potential double bottoms for upside reversal. On the mid time frame, we can see a clear descending structure correcting the price, and within, another descending channel. Together, with the lower time frame double bottom, and strong bullish impulse that breaks out of the reversal correction, good sign of bullish momentum. Be on the lookout for continuation correction price action on the lower time frame to confirm the upside move. thank you
Long
by jojofang0901
24
SOLANA 1/2 Year Of Consolidation, Is It Time For Upside? Hi traders: SOL has been in a consolation since last year in November, and price has not form into a possible structure that could give us a buy opportunity in near future. We can see from the previous higher time frame impulse move, price pushed up aggressively, and has now formed into a descending structure. With a few swing highs and lows, price has slow down its bearish momentum, and possible reversal on the lower time frame It be nice for the price to consolidate at its current price range, that could lead to a bullish continuation correction on the lower time frame, which can kick off the next bull run here. Watch for lower time frame development to confirm the buy opportunity in the next few weeks. thank you
FTX:SOLUSDLong
by jojofang0901
11
MATIC Wait For Bullish Price Action To Buy Hi traders: Also eyeing MATIC for the bullish long term opportunity. From the higher time frame, we can see the strong bullish impulse phase from the previous continuation correction. Price begin to form into another consolidation for possible another up move. On the lower time frame, we can see a few good bullish price action. Double bottoms, bottom of the higher time frame structure, and signs of bearish momentum being exhausted. Be nice to wait for a bit more bullish development on the lower time frame to give us the confirmation we need, to look for a longer term buy setup to the next highs. Thank you
MLong
by jojofang0901
6