FLOKI is Ready To Push Higher!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 FLOKI has been overall bullish, trading within the rising wedge in orange.
Currently, FLOKI is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting strong demand zone marked in gray.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the gray demand zone and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #FLOKI approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Impulse
Crypto Market Update: It's Eyeing March HighsWe talked about Crypto market on May 21, where we mentioned and highlighted an ongoing five-wave bullish cycle within wave (5).
After recent sideways consolidation, which looks like a bullish triangle pattern in wave 4, seems like it's now headed towards March highs for wave 5 of (5) at least up to 2.7T - 2.8T area.
Any stronger extension higher towards 3.0T all-time highs area would be signal for an extended wave (5) or alternatively wave (3).
Up Up and Elliot Wave!? EU to March Levels and Beyond?!Here I have EUR/USD on the 4 Hr Chart!!
Upon deeper analysis of EU, the LOW created on Apr. 16th happens to be a NEW LOW since the LOW back in Oct. of 2023!!
Since that low, price has been in an UPROAR! Moving fairly Bullishly! Not to mention that it seems we could be seeing the end of an Elliot Wave!!
Price is currently at a STRONG ZONE tested Multiple times throughout Price action in the past few months but we are seeing this Level as SUPPORT!!
Now with the Current HIGH @ 1.08949 and based off the LOW @ 1.06494, we see our Targeted Fibonacci Range @ ( 1.08125 - 1.07717 )
**If Price is unable to Break down Below this Zone, We could be seeing the NEW LOW being the next best area for BUY OPPORTUNITIES!! W/ Range Target being ( 1.08949 - 1.09528 )
Fundamentally, EUR and USD both came in with Strong SERVICES and MANUFACTURING PMI numbers!!!
The only difference is:
EUR is looking at Rate Cuts as soon as July!
USD is looking at Rate Cuts as soon as Sept!
(*Fed unsatisfied by Progress towards optimal 2% Inflation meaning Rates stay "Steady For Longer"
Lets See What Happens!!
HelenP. I Bitcoin will correct to trend line and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago, the price entered to consolidation, where it at once rebounded from support 2, which coincided with the support zone and rose to the top part of the range, but then BTC made a correction movement. After this, the price fell to the support zone, where it reached the trend line and started to move up between this line and soon broke support 2 again. In a short time later BTC exited from consolidation and continued to grow a higher trend line to the next support level, coinciding with one more support zone. When the price reached this level, for some time traded near, and later made a little correction movement, thereby breaking the trend line, but soon BTC turned around and made a strong impulse up. Price broke the trend line with support 1 too and then rose to 72000 points, but a not long time ago BTC turned around and started to fall. For this case, I expect that BTC will decline to the trend line and then turn around and start to grow again. That's why I set my goal at 72500 points. If you like my analytics you may support me with your like/comment ❤️
Crypto Market Is Back In UptrendWe have been talking a lot about a corrective price action in the Crypto market for the last couple of weeks. We also shared a lot of free charts, articles and even video analysis, where we mentioned and highlighted a higher degree wave 4 correction within an ongoing five-wave bullish cycle.
As you can see today, Crypto market is nicely extending higher as expected, but mostly due to Bitcoin and Ethereum as Ethereum is leading a rally in digital assets because of greater odds of ETH ETF approval. However, now that both of them have space for more gains, even some ALTcoins may follow soon, as Crypto total market cap chart can be now unfolding a new five-wave bullish cycle within higher degree wave (5).
Bitcoin Rebounds To 65K As Correction May Be OverBitcoin rebounds strongly to 65k area, which can be signal that correction may be over from technical perspective and by Elliott wave theory.
We have been talking a lot about a corrective decline in the Crypto market in the past weeks. We also talked about Bitcoin ahead of the halving and we also shared a free chart back on April 15th, where we mentioned and highlighted a higher degree wave 4 correction within ongoing bullish cycle.
As you can see today, after a slightly deeper corrective decline, Bitcoin is bouncing strongly which indicates that wave 4 correction may be over at the ideal 38,2% Fibo. retracement near 56k support. So, be aware of a bullish continuation within wave 5 of III that can send the price back to all-time highs towards 75k-80k area, just watch out on short-term pullbacks.
USDCAD - Massive Support 🚀Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish , trading inside the rising channel in blue.
At present, USDCAD is undergoing a correction phase, trading within the short-term falling channel in red, and it is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong resistance turned support highlighted in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue/red trendlines.
📚 As per my trading style:
As USDCAD approaches the lower blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
AU to Dec. 2023 Levels?!Here I have AUD/USD on the Daily Chart!
Since the Low in April, Price for AU has been on a Bullish Run!
I believe the Resistance Level it has been struggling with all year may be coming to BREAK soon!!
On the tail of LOWER than expected NFP numbers for USD last week AND word that the RBA may be needing to look to INCREASE INTEREST RATES .. We could see MUCH more bullishness from AU
SO much in fact that I think the Highs of Dec. 2023 may be in sights!
I am currently waiting for:
Price to fall Lower to a Minor Level of Support to enter a Buy Position
-OR-
Price to Break the Resistance Zone @ ( .6640 - .6612 ) and then to Retest Break for Buy Position
GBPNZD - Wait For The Beast 🎶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPNZD has been overall bullish , trading within the rising channel in blue.
Currently, GBPNZD is in a correction phase, approaching the lower bound of the channel.
Moreover, it is retesting a strong demand in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #GBPNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBTC Is Looking For A Bullish Resumption After Bitcoin HalvingWe talked about bullish GrayScale Bitcoin Investment Trust (GBTC) already back on February 28th with a weekly free chart, where we mentioned and highlighted an ongoing five-wave impulsive bullish cycle.
Well, as we actually expected, after GBTC reached all-time highs, we can see a projected slow down that looks like a wave (4) correction.
A correction actually occurred a month before the Bitcoin halving and finished right before the Bitcoin halving. And, as you can see now in a closer, 4-hour chart after the halving, GBTC is bouncing from projected support after a completed A-B-C correction in wave (4), so wave (5) is now in progress, which can easily lift Bitcoin price back to highs as well.
INJ - Injecting An Impulse 💉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 INJ has been overall bullish , trading within the flat wedge pattern in red.
Currently, INJ is in a correction phase, approaching the lower bound of the wedge.
Moreover, it is retesting a strong support at $31.5.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline.
📚 As per my trading style:
As #INJ approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Solana On The Way Towards All-Time Highs?Solana with ticker SOLUSD remains nicely bullish as expected from technical point of view and from Elliott wave perspective. Looks like it's still trading in an extended wave »v« of 3 with room for more gains, maybe even straight back to all-time highs. Currently we are tracking a lower degree consolidation within a bullish triangle pattern for subwave iv that can send the price higher for wave v of (iii).
Exxon Mobil Is On The Way HigherExxon Mobil with ticker XOM is back in the uptrend after a completed (A)-(B)-(C) irregular flat correction for wave 4. It's in strong rally away from projected support for wave 4, so wave 5 can be now in progress, which should be completed by a five-wave cycle of the lower degree. It can easily send the price towards all-time highs, just be aware of subwave (4) pullback. At the same time Crude oil could be headed to 85-90, maybe even 100 area.
GBPJPY May Face Resistance SoonGBPJPY is in a strong bullish phase, but looking at the daily chart, we can see pair trading at new highs for the final wave 5 of (5) of 3 that can target 193-195 area. Based on the current Elliott wave cycle from 2023 lows, we still think that pair will come lower this year, for a higher degree wave 4 correction.
Silver Is Bouncing From The Support; Bullish Breakout Soon?We talked about silver (XAGUSD) in January, where we mentioned and highlighted strong support at the lower side of a triangle range. On January 26rd we shared a weekly chart of silver, where we warned about limited weakness and sideways contracting triangle range.
As you can see today, silver bounced from the lower triangle line and it’s back to the upper side of a triangle range, which can be signal for a completed A-B-C-D-E bullish triangle pattern, but bullish confirmation and real bullish breakout is only above 26 region.
So far we can see some nice recovery with an important move above 23.50 followed by push out of a base channel and above 24.50 on 4h time frame, which possibly that's wave (3) of 3 within an impulse, meaning more upside can be coming on silver as this one can be preparing on some major breakout of a big triangle, just be aware of short-term pullbacks.
DXY Is Ready To Resume Lower: Elliott Wave Intraday AnalysisUSDollar Index - DXY is falling due to lower US Yields and we have been talking about that in the previous articles. There can be actually room for much more weakness, but on the intraday basis, we see room at least for one more leg down towards 102.00 level or lower.
We have seen some intraday recovery recently, but looks like a clear corrective movement in wave (4) from Elliott wave perspective, which can now send the DXY lower for wave (5).
TSLA - Are you Ready for the Ride?🚘Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 TSLA has been overall bearish , trading within the falling channel in blue.
However, TSLA is currently approaching the lower bound of the channel acting as a non-horizontal support.
Moreover , it is retesting a strong demand zone at 150 - 165 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As #TSLA is around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bitcoin Dominance Is Still HereDespite the fact that Bitcoin is breaking all-time highs and that some ALTcoins are already on the rise, Bitcoin dominance is actually still here and there can be space for more upside to complete a five-wave bullish impulse before Bitcoin dominance slows down and ALTcoin dominance kicks in. From Elliott wave perspective, we are tracking a bullish triangle in wave 4 that can push Bitcoin dominance towards 57% - 60% for wave 5.
MATIC 44-61$Now the price is in the asset redistribution zone of 0.4238-2.1520
The price of the volume of this redistribution is 0.8450
The price of the total volume is 0.0218
There are already 3697 between them%
Expected growth 44.7959-61.4676
From the current value, another 3,600%
Cardano Can Retest December 2023 HighsCardano with ticker ADAUSD can be trading in a higher degree wave (5) that can retest the December 2023 highs.
Looking at the short-term hourly chart, we see it slowing down for subwave iv correction before a continuation higher for wave v of (5) towards 0.70 - 1.00 target area. Ideal support comes here around base channel resistance line and 0.58 - 0.56 area.
BITCOIN KEY LEVELS!There is a very nice range shown on the BTC chart!
I mapped out these levels to make it easier for you to see where the LONG opportunities and SHORT opportunities are.
Let me know your thought sin the comments below
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Crypto Market Slowed Down Within Wave 4 CorrectionGood morning Crypto traders! Crypto market slowed down yesterday with an interesting spike down into important support area for a higher degree wave 4, from where we can see a quick stabilization. Well, we believe that more upside is coming for wave 5 of (3), just be aware of more complex wave 4 here if the market stay slow and sideways for a longer period of time.
YNDX Who knew?The distribution in the range 87.11-74.93 marked the beginning of the movement!
Refueling in the control zone 55.45-47.70 confirmed the continuation of movement.
+ in this zone, I set new levels on the distribution, in the range of 53.81-44.02.
Subsequent control zones Global 35.83-26.92 and local 29.46-24.10 were breached with a squish!
Sales stopped in the Global Area of Interest 18.42-11.16
Local area of interest 16.46-11.24
The purchase level of 14.59 is the result
The price of the total volume is 32.08
Results:
1) The initial distribution of the asset 87.11-74.93 shows us the end point 15.77!
2) Refueling in control zones 55.45-47.70 corrects the end point 14.59!
3) The black Swan does not play a special role on the end point! He can only speed up or slow down the course of events!
I personally associate this process with a car!
HOW MUCH FUEL YOU FILL IN THE TANK, THAT'S HOW MUCH IT WILL LAST
!!! MATH AND NO MAGIC !!!