The SSE Composite Index is an index- Shanghai Stock ExchangeThe SSE Composite Index is an index of all companies trading on the Shanghai Stock Exchange in categories A and B. On a large timeframe, the price has now soared high with strong momentum support. Volatility has shrunk to the downside. From a technical analysis perspective, this pattern is a flat that has unfolded in a 3-3-5 structure. (normally labeled ABC) wave C of this pattern traveled to 1.886 fib level and afterward, the bulls are now in the camp. I'm expecting the price to continue up move for the days to come. buying at CMP with a protective stop at 3146.66
N-WAVE
XRPUSD cryptocurrency this week has attempted corrective growthXRPUSD cryptocurrency this week has attempted corrective growth, Yesterday, a strong impulse could be observed at the XRP. This is due to the fact that the new Biden law put a checkmate in the case with the SEC. I'm expecting XRP to cost more to be part of the new financial system. During the first cycle, we had a strong bullish impulse which was then corrected by a complex WXY structure as indicated on the chart. Wave W was a simple ABC, wave X was also an ABC structure with wave B a triangle, and the Y was an impulse 12345. Around 20th Feb-2022 a new cycle is beginning, we have had the first wave completed and retraced at 78.6% fib level. investors can now buy XRPUSD with a protective stop at 0.600.
Waves ShortWaves have the right Fib. numbers in all 5 elliot waves, and should get a corrective of ABC waves, before second impulse in daily chart.
SOl/USDT#SOl/USDT has been making a nice descending parallel channel (like bull flag), till today the SOL chart move between the resistance of the parallel channel and the green horizontal supports, as you can see the price of SOL respect the closes every time when touched those lines.
I think SOL can break out (to the up side) of the parallel channel any time from now, so if we break then we can easily reach those prices: 117$ - 134$ - 150 to 170$
Giant Inverted Hammer On Bitcoin #BitcoinGiant Inverted Hammer. I'm Curious how bullish do you guys find trhe inverted hammer to be. Does it signal a floor price the bulls are willing to buy or is this just another trap before we see lower levels. We have been continuing to make higher lows so progress is being made. I'm positioned, probably a little to on risk for an impulse move up but lets see how next week plays out.
Bear Flag Retraced 39200 Support - confirmed downtrendAccording to how bitcoin moves, it must break through a support then retrace back to it in order to confirm the trend. Here we see bitcoin dropped past $39,200 support and has finally touched it again to close in the hourly. In this situation I am entering bearish trade position. I see a bear flag on the hourly, please comment below if you have further insight or price prediction! Nobody seems to know what’s about to happen I’m just following the trend and taking into account that MACD and RSI are not favorable right now. Short term BULLISH people will tell you to buy because they want to sell to YOU :)
Entry $39,200
Stop Loss $39500
Take Profit $29,500
bearish
* obviously bitcoin is bullish long term*
USDCAD waiting for confirmation to enter long .be patient.We have been waiting for this drop to 0.618 fibo of wave C for a long time after some Complicated Correction.
NOW we are waiting for confirmation candle on 4h then we enter long
feel free to ask us any question contact our team forextradingaction
Good bearish signal at 1.124Hello friends, I hope you are well
We see here the price of the euro against the dollar, it fell affected by negative news from inflation, wars and diseases until we found a strong area at the level of 1.110, but it quickly rose, trying to compensate for yesterday's losses, and found a strong resistance area at the level of 1.120, so it is expected that it will rise slightly to Retesting the 1.124 area and I think that the price will not continue to rise from this 1.124, so we find that it will bounce back down to the 1.110 level.
enjoy your trading lifetime
thanks
WAVESUSDT - SETUPWAVESUSDT price has continuously traded into a channel and now price showing some strength as bulls looking to break this long-term channel, Let's see how price action establish.
Ripple without doubts! Could REACH above $3.36 !Ripple XRP/USD maded today very important move, and did breakout on Daily Chart that we posted 2 days ago, this is good move of chapter. As we expected over 2-3 weeks, up support area 0.2395 and downsupport-area 0.1766 is still strong, and they playing with each other. In this case we can expect a new Market-Cycle! The same case is for Bitcoin and all TOP Crypto with near BTC Dominance.
- We want to mention in this chart, are two indicators of 3 candles in 2017 (that was a bullrun and a chapter of new Market-Cycle) and 3 candles in 2020 , looks familiar, right? In 2020 we have the same last candles-sticks that we saw in 2017 in Mohntly Charts! Let's say that this is coincidence in majority, but let's take a look in 2017 at candlestick with number "1", before this first candlestick we have already an candlestick let's name it "candlestick with number 0"(back of first candlestick), so it's also the same like in 2020 , coincidence? Not really! But this is just little psychological idea that we exposed. The most important thing on the moment it's how Market will rally, if we look at Bitcoin - he also it's on very important support that every little move it's important, and he still strong with sharing his 68% dominance in crypto majority. Ethereum also doing well, some breakouts that it's example for Ripple, it's done. (as we said in last post) Cardano ADA on the same steeps, EOS/ Litecoin & XMR also doing well the same moves. Without doubts, breakouts of other Top Cryptos and those strong supports levels for Ripple and Bitcoin, 2 years in the same Bear-Marketcycle, could be a new Chapter of STRONG MOVEMENT UP & New Market-Cycle.
- This is like a BOMB that playing on strong supports area: down and up, like a bomb sound playing with those levels 0.1766 vs 0.2395 (.......pip-pip-pip....pipipipipipipipipipi...BOOOM)
- Hope you guys you support our work with a like and share of this post! Also don't foreget to follows us! :)
You can motivate us to post more analysis cryptocurrency charts! Thank you! ,)
Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
SILVER SI1! Bullish Elliott Wave long term analysis
A perfect EWcount for the start of a long term bullish W 3,3,3
All Macd´s cross were for wave 1 end and the beginning of a wave 2.
All waves 1 were either 0,382 or 0,618 of the 5 waves formed to complete the wave 1 of next degree.
The charts speaks for itself!!!
good luck!
Looks Elliot Wave Count Analysis Postulates a Macro Bottom!!Since conception, Looks has exhibited corrective price action in which from opening it came up in a 3 wave structure termed as W, we then came down in an ABC from the $7 high which gave the indication that an X wave correction was beginning to the downside and after a x sub wave completion $5.8 we then came down in a 5,3,5 structure to complete the y sub wave of the larger X wave; we now find ourselves at a likely bottom finding support and strong buyers at the ~1:1 fib extension of the W sub wave. With strong reversal candles and also a lower time frame 5 wave structure we can assume a new trend is forming to the upside.
Looking into the future; it would be expected to see a further Macro Y wave to the upside of a similar nature to previous waves in a 5,3,5 zig zag structure towards the 8-10$ range.
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Trying Elliott Wave with BTC (Just My crazy idea) Expanded Flat?hi i have been studying elliott wave for weeks now. but well i am no expert just trying to draw some ideas.
take alook at my idea if this will please you please like and follow =)
will try to post more ideas
Try using Lines instead of candles and youll catch something with your eyes
#btcusdt
GBP/USD could fall! Hey tradomaniacs,
GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on.
Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed.
Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed.
Recent fakeout to the topside looks like liquidity-fishing.
Let`s see what happens, but I`ll probably wait for the CPI =)
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Peace and good trades
Irasor
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