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Parallel Channel

PHBUSDT long Spot TradePHBUSDT Elliott Wave Technical Analysis Mode: impulse Position: Wave (4) Direction: Wave (4) is still in play Details: Wave (4) is still in play which I expected to be end around 2.2-1.95 which will be my entry point. Next Direction: Wave (5) Targets : TP1: 4.3 with about 100% profit TP2: 4.9 with about 140% profit TP3: the area between 5.2-5.4 with about 160% profit Wave Cancel invalid level: Daily closing below 1.79 with 12% loss. Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83
MDTUSDT long Spot TradeMDTUSDT Elliott Wave Technical Analysis Mode: Corrective Structure: Zizag Position: Wave (c) of (x) Direction: Wave (c) of (x) is still in play Details: Wave (x) is still in play which I expected to be end around 0.080-0.068 forming a running flat, which will be my entry point. Next Direction: Wave (y) Targets: the area between 0.16-0.17 with 100-125% profit. if it break the last high at 0.17888 then take a look on the Alt version bellow. Wave Cancel invalid level: Daily closing below 0.045 with 40% loss, big loss so think a lot before you enter this trade. ALT: Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83
8
FETUSDT long Spot TradeFETUSDT Elliott Wave Technical Analysis Mode: Impulse Position: Wave (iv) of (3) Direction: Wave (iv) of (3) is still in play Details: Wave (iv) is still in play which I expected to be end around 2.3-2.4 which will be my entry point. Next Direction: Wave (V) which will complete the next higher Degrees Wave (3) Target : the area between 3.75-3.9 with about 60% profit, if break the next target is the area between 4.1-4.2 with 70% profit. Wave Cancel invalid level: as I see FET follow BTC move, so for this one my invalid level is BTC Daily close below 58.5K Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83
ETH long spot TradeETHUSD Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (c) of (iv) Direction: Wave (c) of (iv) is still in play Details: Wave (b) ended around 3878 and now Wave (C) is in play which I expected to be end around 3050-2870 which will be my entry point. Next Direction: Wave (v) which will complete the next higher Degrees Wave (3) Target: 2640-2700 with 50% profit Wave Cancel invalid level: Daily closing below 2717 with 10% loss Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83
4
Gold can break support level and fall to support line of channelHello traders, I want share with you my opinion about Gold. By observing the chart, we can see that the price made impulse down from the resistance line of the pennant lower than the current support level, which coincided with the support area, thereby breaking it. After this, the price some time traded and then rose back to the support area, where it reached the resistance line of the pennant and then rebounded down to the support line, breaking the 2310 level, but soon Gold rose higher this level, breaking it one more time. Then it in a short time rose to the resistance line of the pennant, turned around, and fell to the support line, after which the price exited from the pennant pattern and declined to lower the 2310 level again. But then Gold started to grow inside the upward channel, making a fake breakout of the support level, which coincided with the buyer zone and later it rose to the current support level. A not long time ago, XAU broke this level and now it trades very close to the 2390 level, near the resistance line of the channel. For this case, I think that the price can make a small correction movement, and then reach the resistance line, after which starts to decline to the support line of the channel, breaking the support level. So, that's why I set my TP at 2360 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
5
BITCOIN - Price can reach resistance area and then start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Some time ago price entered to falling channel, where it at once bounced from resistance line and fell to $66200 level. After this, price backed up to resistance line, after which in a short time fell lower than $66200 level, breaking it. BTC some time traded near this level and later declined to support line of channel, which coincided with $59000 level. Then price bounced up and tried to grow, but some time later it turned around and made downward impulse. Price broke $59000 level and a not long time ago exited from falling channel, after which it started to grow. Now, I think Bitcoin can reach resistance area and then turn around and start to decline to $52000 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
will BTC go above 100K after Halving?!Many are optimistic about Bitcoin reaching the $150K-$200K range, let's strip away emotions and look at this logically. Wave Analysis: Wave (1): Concluded around 31K, followed by a shallow flat correction that lasted approximately five to six months, not surpassing the $24K mark (38.2% Fibonacci level). Current Phase - Wave (3): extended, similar to the first one: Sub-wave (i): Ended around $49K. Sub-wave (ii): A shallow zigzag correction that concluded at the 38.2% Fibonacci level. Sub-wave (iii): Finished around $74K. Sub-wave (iv): Currently unfolding, expected to potentially touch the 50% Fibonacci level between $58K and $54K. However, I anticipate a quick rebound from a candle tail, forming a deep flat correction. Sub-wave (v): Anticipated to end between $80K and $86K, possibly extending to $90K, differing from the consensus view. Predictions: After the completion of the major third wave, I expect a move into a fourth wave that will be significantly different in form and duration from the second wave, likely taking the form of a deep zigzag correction reaching the 50% and potentially the 61.8% Fibonacci levels, ranging from 52K to $45K. Unfortunately, this will leave many optimists stuck at the peak until the correction completes. Long-term Outlook: After completion of the fourth wave, discussions could shift to potential targets exceeding $100K. Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
CRYPTO:BTCUSD
by ahmadsaad83
BTC to 60-58KBTCUSD Elliott Wave Technical Analysis Mode: Corrective Position: Wave (iv) of (c) Direction: Wave (iv) of (c) is still in play Details: Wave (iv) is still in play which I expected to be end around 66-67K. Next Direction: Wave (V) which will complete the next higher Degrees Wave (c) Target : the area between 60-58k Wave Cancel invalid level: BTC going above 69200 Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
CRYPTO:BTCUSD
by ahmadsaad83
Bearish Momentum Building Up Across Broken ChannelMy prediction in the previous article has once again proven accurate and remains relevant. However, I think it's time for an update. This time, I have incorporated Gann fans and channels into the analysis. As the chart breaks through a sloping fan and moves into the next, more steep fan zone, the momentum increases. Obviously, the bearish momentum has been building up to this point, and the chart is encountering the upward Gann fan, representing the bullish component of the momentum. The higher time frame still indicates a long-term uptrend. So, will Bitcoin's plummet stop here? I believe caution is still warranted, as Bitcoin has broken the neckline of a double top pattern—or the light blue channel. The channel breakdown signals an inability to maintain the levels above it. Typically, decline won't stop until the boundary of a channel of the same width. My automated script has drawn a large green box below 40K as a target zone, with its upper edge coinciding with the channel line. After some minor rebounds, this will be the target. Isn't this a plausible scenario? The direction itself does not contradict the target zone set in my previous article, but theoretically, it could go much further.
Short
by jackrabbitrage