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The beginning of the uptrend in Wave 3 with target of $ 40 The first uptrend ended in the range of $ 9.82, in continuation, the corrective movement of that has finished in the range of $ 1.96. By drawing the channel line, we can set a $ 40 target for this token. In the daily chart, the first 5 ascending waves which were able to cross the end of wave B, confirms the uptrend (wave 1) ( Daily Chart ) In the 240-minute chart, the first wave count from the uptrend waves and its corrective movement has been specified. By crossing the price from the specified trend line, we can get the confirmation for the uptrend. Needless to say, the main confirmation can be received by crossing the price from the range of 6.94, which should cross this range with 5 ascending waves. *Finally, my personal strategy: I will go long when the trend line is broken.
O
by NirmataFX
UK100- Expanded Flat patternIn the 240-minute chart, due to the 5 descending wave movement to the range of 6315, there is a scenario that, we encounter 5 more downtrend waves. The corrective movement of these 5 waves have been completed in the range of 6793 and the first wave from point 3/C has been finished in the range of 6535. In wave 2, the Expanded Flat pattern is formed. By break down of the downtrend line in the 60-minute chart, hopefully, we can expect the continuation of the downtrend with 6150 targets.
U
by NirmataFX
The diagonal pattern in the range of $ 3.08 ( Daily Chart ) In the daily chart, the first 5 ascending waves have ended in the range of $ 3.40 and the price has entered the corrective phase of this uptrend. Note that this is one of the most likely scenarios. The first corrective wave is finished around $ 2.25 (a wave a) and the corrective movement of this wave is around $ 3.08 in accordance with the RSI. In the 240-minute chart, you can see the structure of the sub-waves, and in the 60-minute chart the price is currently in the first descending trend, which could fall to the short-term target of $ 2.53. Very important notes: The long-term target for natural gas (XNG), as has been shown in the daily chart is in the $ 1.92 range, which is the overlapping point of the two Fibonacci ratios. - The trend line drawn in the 240-minute chart is very important and the price should be fixed below this range to confirm this scenario.
X
by NirmataFX
1
NANOBTC - Bullish DiagonalOn the daily and 240 -minute charts, the downtrend is broken, and we are waiting for the price increase. The interesting point about this chart, is the Diagonal pattern which has formed in the 60 -minute chart. The first ascending wave is completed in the range of 0.0001216 and its corrective movement is finished in the form of 3 waves with the Diagonal pattern in the range of 0.0001061. By crossing the price from the range of 0.0001129, the first target can be in the 0.0001582 area.
N
by NirmataFX
EURJPY - Diagonal PatternIn the weekly chart, the Triangle pattern is broken and the uptrend is almost being confirmed (Weekly Chart ) In the daily chart, by completion of Wave 2 in the range of 114.39, the uptrend has started in Wave 3, price is currently in this wave of which the targets of the uptrend can be in the range of 133. (Daily Chart ) In the 240-minute chart, the wave counting has shown that, corrective movement of wave 2 from sub-waves of wave 3 has been finished in the range of 38% Fibonacci ratio. The most important point is that the Diagonal pattern has been shown in the one-hour chart. By crossing the price from the range of 128.66, this scenario will be confirmed.
Long
by NirmataFX
The formation of the Diagonal pattern at the end of 5th waveThe formation of the Diagonal pattern at the end of 5th wave from point b First, let's take a look at the weekly chart. The first uptrend ended in the range of 49.83, and the price is in corrective phase for this uptrend, which can be extended up to the $ 8 level. ( Weekly Chart ) In the corrective phase of (2 / B), there is the possibility of the termination of wave A in the range of 13.65 and also wave B is in the form of Expanded Flat, which might be finished in the range of $ 30.09. In the daily chart, by ending the b wave from point (B) in the range of 11.63, according to the Expanded Flat pattern, we should have 5 ascending waves, which are completed in the range of 30.09 and the Diagonal pattern is formed in its 5th wave. If this pattern is being confirmed, i.e., the price can cross the range of 24.06, we can expect a downward trend with very high targets, although the initial target according to the Diagonal pattern could be in the range of $ 21.66.
FX_IDC:XAGUSD
by NirmataFX
1
Q: Can I sell Bitcoins for a short time?A: As you can see in the daily chart, there is a very strong uptrend, which has been extended up to the range of $ 411950. In this range, wave III is over and we should wait for the retracement trend of wave IV. Since wave II had a short corrective movement, correction of wave IV could be long and extended up to the range of 0.618 Fibonacci ratio. The drawn trend line is very important. (Daily Chart ) Monitoring 240-minute chart for a detailed review of wave IV: The price decline in the range of $ 29,241 is in the form of 5 mixed waves, which can be a Leading Diagonal pattern. The upward movement in the range of $ 40,955 is in the form of 3 waves. Also, the RSI was unable to hit the above 20-day moving average. In addition, we can see a decline in the volume at the MACD. Given all of these signs, by crossing the red trend line, there is the possibility, the movement for the downtrend for the range of $ 22,750 has been started. The main confirmation for this downtrend can be received by the price crossing the $ 32171 range.
by NirmataFX
8
This is a warning note, please study the descriptions carefullyThere are two scenarios for Ethereum, of which both are descending! In the first scenario, which is shown in the 240-minute chart, the uptrend from $ 910.82 to $ 1763 is in 3 waves format, and it is likely that we encounter the Expanded Flat pattern. In this case, with the price crossing the range of $ 1271, we should expect a downtrend below $ 1000, up to the range of $ 870 to $ 760. In the second scenario which has been shown in the daily chart The first uptrend has ended, of which the 5th wave has been (Extended Wave), by crossing the price from the range of $ 1271, we can predict for the second time, the expansion of downtrend movement up to the range of $ 800, which is the corrective wave for downtrend of wave 2. (Daily Chart) **This case has been seen in all cryptocurrencies except Doge, of which the situation is in favor of this currency, due to its widespread support in this descending trend.**
KRAKEN:ETHUSD
by NirmataFX
6
The termination of the Diagonal patternLet us first point out that the price is forming a Triangular pattern in the weekly chart. The price is currently in wave D of this pattern. (Daily Chart) In the daily chart, the first uptrend (wave A) has ended in the range of 111.68 and the price with the Diagonal pattern has completed the corrective phase of this uptrend in the range of 102.59. By crossing the price from the range of 105.67, the initial confirmation of the uptrend will be received, and now we need 5 waves pattern. In the 240-minute chart and by monitoring the details, we see that 3 waves out of the first 5 waves are composed, and the price can extend the uptrend after a corrective movement that can be developed up to the range of 105.19 to 104.84. The range of 104.39 is very important to us.
by NirmataFX
4
Misleading and mixed 3-wave patterns In the 240-minute chart, the structure of all waves is in triple format, which indicates the end of the existed trend. Previously, there was the possibility, that the Diagonal pattern completing in the range of 1.3736, but with price retracement and the created uptrend, it is possible, this pattern at wave C from point iii forming a Diagonal pattern. According to this scenario, the uptrend can be extended up to the range of 1.3795, and in case, it just goes below the range of 1.3562, we can be hopeful for a downtrend formation.
by NirmataFX
1
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
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