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The completion of the first descending wave from i pointThe wave b has ended in the range of 1.23492 and the first 5 descending waves have ended in the range of 1.1952, there is the possibility that the price enters to the corrective uptrend phase, which can be extended up to the targets of 1.21 to 1.2195. In my opinion, the 1.2267 range is a very important range, and by the price crossing this range, the probability of a trend change is very high. Please see the analysis of the daily chart as following:
by NirmataFX
WHY IS FOREX not moving? Here is the answer!Hey tradomaniacs, As you may have noticed the market is not moving as it should looking at fundamentals and news which is why I`m still staying aside. A positive newsflow of economic data and very good earning reports plus a rising stockmarket are not really driving currencies as they should due to the fact possible stimulus could continue to boost US-YIELDS, which is currently in favour of the US-Dollar . In this case we got two intermarket-correlations which are contrary making it harder for forex-pairs to move smooth and clear (especially risk-on-pairs such as AUD/USD and NZD/USD ). Another example is USD/CAD as the market does not really know where to go as CRUDE OIL currently rises with the US-Dollar . DXY (US-DOLLAR-INDEX) is by the way creating its first divergences looking at Momentum and indicators such as MAC-D and RSI and I`m waiting for the market either to break through the key-resistance or to create a double-top. Bond prices and yield are by the way inversely related. So what shall we look at? As long as YIELDS continue to be strong with risk-on in the stockmarket we might see currencies stuck in major trend-areas. This means we either wanna see risk-off in stocks for a bullish USD or falling YIELDS with rsik-on in the stockmarket for a bearish USD! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me! #Patience
TVC:DXY
by Trading2ez
8
Triangle pattern in 4th wave of the first descending pointBy double-checking the charts of this currency, in the 240-minute time frame, and according to the triple wave structure of the sides, which has been started from the range of 1.2132 and extended up to the range of 1.2155. The scenario of a Triangle pattern is under formation, which is in the 4th wave from the first descending point. By crossing the price from the range of 1.2058, we can get the confirmation for the completion of the first wave from the downtrend.
by NirmataFX
1
doge renkos daily What could go wrong? Doge Is going to get pumped up again In time. Let's face It the people want It. With yesterdays pumping and dumping and Elon Musks Intervention with BTC, I know things worked out nicely for me. Now I hear doge Is offering defi as a service. Which Is only relevant because dogecoin has some purpose for the first time other than a store of value. Will this trend continue? I've road two highs now with Elon Musk Intervening both times. Plus the market making opportunities when It trades at high volatility don't hurt Will we see continuous market manipulation, and explosive behavior again In time In regards to dogecoin. I think the trend will continue.
BINANCE:DOGEUSD
by Cryptohustler247
BTC: Double Zigzag patternIn the 240-minute chart, the structure of the downtrend is in triple waves format, which firstly was detected in the form of a Triangle, but after the price development from the range of 30300, the scenario converted to the Double Zigzag pattern. There is another probability for price reduction up to the range of $26800. In any case, while we can’t get the confirmation for the uptrend that the price crosses the range of $ 37874, in this case, is the targets of the uptrend are in the range of $ 48,000 to $ 52,000
BITSTAMP:BTCUSD
by NirmataFX
The completion of a Diagonal pattern in the range of 1.3746The last uptrend has ended in the 1.3746 range and the price has started a downtrend, the convergence in the RSI is obvious, by crossing the price from the range of 1.3446 we can get the main confirmation for the decline up to the range of 1.3132. Needless to say, we must note that according to the descending scenario, in the weekly time frame the price reduction is very long term. The range of 1.3850 is very critical; this analysis will be violated by crossing the price from this range
Short
by NirmataFX
USDCAD: Ending Diagonal PatternIn some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal. As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the range of 1.2835. In addition, convergence is evident in RSI. This analysis will be violated by crossing the price from the range of 1.2588.
Long
by NirmataFX
USDJPY: Diagonal pattern in wave BIn the weekly chart, the price is forming a Triangle Pattern. Currently, the price is in wave D of that. The structure must have 3 confirmations. In the daily chart, wave A is completed in the range of 111.68, also in wave B, we can see the Diagonal pattern, which is ended in the range of 102.59. To be able to receive the confirmation of the uptrend, the price needs to cross the range of 105.67, if the price crosses the range of 101.18, this analysis will be nulled. If we intend to enter the risky orders, after the price crosses the range of 104.39, we can set the long order.
by NirmataFX
1
Bitcoin: The completion of Triangle pattern in wave 4As you can see in the image, the price is in the main wave iii, in sub-waves of the last ascending wave, a Triangle pattern is formed. The price can have progress for the target of $ 53,000. The 60-minute chart shows the structure of the Triangle Pattern, also the confirmation of the uptrend can be received by crossing the price from the range of 37850. In case the price meets the range of $ 33,850, this analysis will be violated.
BITSTAMP:BTCUSD
by NirmataFX
CADCHF: Triangle patternThe Darkest hour is that before the down, the great hope and light which always draws you towards itself. In Elliott wave analysis, these sparkling lights are the patterns, and when we encounter a pattern, we can build the whole path. What we have learned in Elliott's rules is the importance of the patterns, the most valued of these patterns are Diagonal and Triangle, which we can determine the direction of the movement according to their position. In the case of this currency, a Triangular pattern is being formed and we know that this pattern can be formed in wave B or 4. For this reason, and considering the history of the chart, we can consider this wave as the 4th wave, which will start the uptrend in wave 5 after the downtrend.
by NirmataFX
3
Ripple: The beginning of the uptrend with targets of $ 13 Please be noted that the target of $ 13 is a long-term price movement In the daily chart, Corrective Wave of 2 has been completed in the range of 0.1700, and the price is forming the first uptrend in Wave 3. ( Daily Chart ) In the 240- minute chart, after monitoring the details, the first ascending wave has been completed in the range of 0.3721 and the retracement has been completed in the range of 0.2608 with a truncated C wave, and is currently completing wave 3. Notes: First: The first confirmation to change the price trend is the range of 0.3835, which is probably happens in this uptrend. Second: To get the confirmation for changes to the main trend, the price must cross the range of 0.6813, which is the end of wave B. In this case, hopefully, we can expect $ 13 target price. Third: If the price crosses the range of 0.2608, the downtrend can be extended up to the range of 0.15. This range is equal to 1,618 Fibonacci ratios of the Wave A from point 2, which is an important price range.
BITSTAMP:XRPUSD
by NirmataFX
1
ChainLink : Target of $ 80 As you can see in the chart, the uptrend continues in wave 3, from the sub-waves of the 3rd wave, the price is in the wave of 5. The targets of this uptrend could be initially $ 37 and in continuation $ 80, when the 5th wave from point 3 ends. In many analyzes, the target price of $ 700 for this token has been seen. But I personally think the highest target level which forms at the end of Wave 5 could be in the $ 225 range, which is the target for a very long term.
COINBASE:LINKUSD
by NirmataFX
1