Get started

Marketanalysis

Trying to gain popularity and formation of ascending movement In the weekly chart, there are two important ranges. The first range is $ 497.10, by crossing this range, we can be hopeful for an uptrend formation for the targets of $ 2,200 to $ 3,000. Also, if the price crosses the range of $ 231.07, it may encounter the Triangle pattern, in which a long corrective movement is predictable and then we expect a descending movement up to the range of $ 45-50. ( weekly Chart ) In the daily chart, we can have this wave count that wave 2 has ended in the range of 140.65, and the price is forming wave iii. However, to confirm the uptrend, the price must cross the range of $ 497.10. Personally, I’m interested in putting my investment in Light Coin (SHA256).
KRAKEN:BCHUSD
by NirmataFX
Q: What is your idea about gold in this week? A: As shown in the picture, wave IV has ended in the range of $ 1764, and the price is rising in the V wave. From the sub-waves of this uptrend, wave ii has ended in the range of $ 1818, also by the price crossing the range of $ 1855, we are waiting for the price increase for the target of $ 2200. The first ascending wave from V point, is likely ending in the range of $ 1965 and after a corrective movement, the price will return to the uptrend phase.
FX_IDC:XAUUSDLong
by NirmataFX
1
To the moon with full powerFrom the Bitcoin family, Litecoin is a digital asset token of the Litecoin network that can surprise everyone. My only complaint is that I own the least of this token. In the weekly chart, and according to the wave counting, the price is in the 5th wave of the uptrend, according to the Fibonacci ratio in wave 5, this uptrend can be extended up to the target of $ 1688. (Weekly Chart) The price is in the 5th wave from the sub-waves of the 3rd wave, in which the price has the largest movements as usual. As you see, the daily chart is totally clear, there is the possibility that the first wave from the 3rd point ends in the range of $ 438. In continuation, I expect the advent of a strong uptrend, initially for the target of $ 597 and finally the target of $ 1600.
COINBASE:LTCUSDLong
by NirmataFX
1
Dow Jones – The advent of Diagonal pattern on the 240minuteChartThere is the probability for the completion of the first 5 ascending wave of 1 / A (Weekly Chart ) In the weekly chart, we had this wave counting, this uptrend is likely in the wave 5 from point of 1 / A. ( Daily Chart ) In the daily chart, with the end of wave 4 in the range of 18213.70, the 5th wave has started, currently the price is in the sub-waves of the V wave. The Diagonal pattern is formed in the 240-minute chart, which can be ended in the range of 30325 to 30500, this pattern will be confirmed by crossing the price from the range of 29820. The targets of this pattern are the range of 28920 (starting point of the pattern), by considering the gap, we can also include the range of 28440. The third target is in the range of 26143.
TVC:DJI
by NirmataFX
EURJPY – The Uptrend with the target of 128In weekly chart, the wave of 2 / B has ended in the range of 94.11, the price is currently in wave 3 from point 3 / C. ( Weekly Chart ) In sub- waves of wave 3, the wave 2 is completed with a Diagonal pattern in the range of 114.39. In the daily chart, with the completion of wave 2 in the range of 114.39, the first ascending wave in 3 is ended in the range of 127.07, and its retracement movement is finished in the range of 121.51. (Daily Chart ) In the 240-minute chart and by reviewing the details, it is clear that the price is in the wave 3 of iii, which should be a long wave. The confirmation of this uptrend will be received by the price crossing the range of 126.73.
Long
by NirmataFX
Ripple - The second probable scenario for RippleThere is the possibility that the IV wave ended in the range of 0.4560, and the price of the first uptrend finished in the range of 0.6813, also it seems the corrective movement ended in the range of 0.4850 with the Diagonal pattern. The confirmation of this scenario will be received when the price crossing the 0.6052 range. If the price crosses the range of 0.4560, this analysis will be violated, in this case the downtrend can be extended up to 0.42. If we receive the confirmation for this analysis, we can consider the target of $ 2 for the uptrend.
BITSTAMP:XRPUSD
by NirmataFX
GBPJPY - Change in scenario and downtrendIn the weekly chart, the 5th wave of the Diagonal pattern is not completed yet, the B wave from this point is completed in the range of 156.11. In C wave there is a possibility that a Diagonal pattern is formed, which we are currently in C wave from point 3 of this pattern ( Weekly Chart ) In the daily chart Wave 2 of the Diagonal pattern is in the form of Expanded Flat, which is completed in the range of 147.96. In wave “3”, the first wave “A” ended in the range of 124.08 and wave B ended with a 3 wave movement in the range of 142.71. currently the price is in wave III from point 3. ( Daily Chart ) By monitoring the details of sub-waves in the 240-minute chart, the wave ii from point 3 in the range of 140.70 and has been completed with the Diagonal pattern, which confirms the completion of the price crossing in the range of 138.80. Also, to receive the confirmation for the downtrend, the price needs to break the range of 134.37 with 5 downtrend waves. Also, the targets of this downtrend in the daily chart can be in the range of 124.80. And the main target is in the range of 112 to 114.
Short
by NirmataFX
BTC – The Double Zigzag pattern in 4th wave In the daily chart, there is no doubt for the targets of $ 21,500 to $ 23,000 in this uptrend, and after the completion of this corrective movement, this uptrend will begin. in the 240-minute chart for a few days, there was the probability of the triangle pattern formation due to the wave structure of the sides. Currently, according to the 60-minute chart, there is a scenario that the structure of Wave 4 is in the form of a Double Zigzag pattern, which is located exactly on 100% of the W wave and has a retracement in price. In order to receive the confirmation for the uptrend, the price needs to make the first 5 uptrends and then in continuation cross the range of $ 19420.
by NirmataFX
GBPJPY - Initial targets of the uptrend 145.00The analysis of this currency was very mixed at first, by referring to the monthly and weekly time frame. In the monthly chart, the price is forming the Diagonal pattern in the 5th wave. the weekly chart shows the structure of the waves, which shows that the price is in the B wave from the V point. We knew that the specified movement in the blue box was corrective and had the structure of WXYXZ (Complex wave). (Weekly Chart ) in daily chart , B Wave from V point is probably in the form of Double Zigzag, which of that W wave is finishing in the range of 156.611, and the X wave is ending in the range of 124.08. Given that it is Double Zigzag pattern, we expect a 3-way uptrend in the C wave, which is determined by the Fibonacci percentages in the range of 157.00, this range is the weekly and monthly and the very good area for B wave to be completed. (Daily Chart) But in the 240-minute chart that was shared, we had a good response to the daily channel line, and currently the price is located in the iii wave. The reason we chose the 145.00 range as our primary target is because it is the end of the channel. We will monitor this currency more in the future.
Long
by NirmataFX
Dollar Index is completing the last corrective wave In the weekly chart, with 5 ascending waves the price has been able to reach the range of 103.82, and the corrective phase has started from this stage, as the A wave – was the first corrective wave - in the form of 5 waves, consequently the C wave should also be in the format of 5 waves and in comparison to “A “wave, can be extended its movement up to 100% or 1.618% of Fibonacci ratio. According to Fibonacci, the range is 87.38 to 77.81. In the daily chart, by starting the C wave from the range of 102.99, 4 waves have been formed so far, and 5th wave is under completion, the price is in sub-waves of the iii wave. The 92.47 range is a very important range for us, and if the price enters this range, probably we will encounter an Expanded Flat pattern in the 4th wave from the C point.
TVC:DXY
by NirmataFX
1