Symmetrywaves
ADA/USDT (Cardano) SYMMETRIC TRIANGLE BREAKOUT#ADAUSDT (1h Chart) Technical Ananlysis Update
Symmetric Triangle
ADA/USDT currently trading at $0.68
LONG ENTRY: Only enter long after Symmetric Triangle Breakout in 1 h chart
STOP LOSS: I will update soon
Resistance level 1( Target): $0.182
Resistance level 2 (Targe ): $0.195
Resistance level 3 (Target ): $0.235
Max Leverage: 10X
ALWAYS KEEP STOP LOSS...
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BIG PUMP BEFORE GREATEST DUMP IN HISTORY ?Hello all of you guys,
Here again the same idea based on TIP (The Inverse Parabol) axes and symmetries analyisis...
Hope you enjoy it! ;-)
Thank you for leaving the comments and a "like" just in case you like it, of course! ;-)
L&GL
Regards to all!
previous idea:
GOLD: Uptrend stalling??This chart shows that recent swing high is very weak. If you look at the previous swing its easy to note that price smashed right through the 161.8% and profit taking occurred around 200%. From here prices rallied higher up to the 361.8% extensions.
Looking at the recent swing, it would be safe to assume the heavy limit orders to be sitting around 161.8%. The rejection from 127.2% was severe and caused a lot of trouble for the average bull in this market.
Considering how gold has seemed to correct for about 50 days previously, the rally up should continue somewhere around March.
NOW if we start to get a close above 127% or even 161.8%, consider this analysis invalid. It is expected to go further and can become very extended if we happen to close above these levels.
If not a healthy pullback should be expected!
Thank you for reading!
Happy trading and may God bless
MU - long-term short setupMicron reached nice levels where to start building short position.
In worst case scenario $MU may fall as far as 70% from current levels, which is not absurd, given that the company is very cyclical, and global economy risks entering recession.
More prudent approach is to wait when bear flag would be broken below 40$, however, given current overbought level, MACD divergence and current wave C reaching symmetry with A in potential corrective B of larger degree , we are in very good spot to try first entry, and then move stop tighter, if we will see move lower in the upcoming month.
Stop: 64.67
Target: ~20$
NASDAQ:MU
EURGBP - Continue uptrend from 15-19/4/2019- The Main signal is MACD is highest during for3 months. Expecting to retest TOP and a new Top.
- The 2nd key is the slope of FORCE INDEX and RSI
- The 3rd key is EURGBP breakout the support level (Volume Profile).
* 3 targets are calculated by Elliot rule.
GBPUSD - drop to next Brexit 21-22/3/2019- The 1st key for a sell, MACD lowest during for 3 months, to hope a retesting Bottom.
- The 2nd key is a real Divergence RSI, a new top at the chart but RSI does not exceed 70
- Divergence MACD is the 3rd key.
- The 4th key is the Close did not exceed the upper Bolliger band.
Thus, I forecast GBPUSD will drop to the Symmetry wave III to wave IV.
EURGBP - A Correction for Uptrend- The 1st key is the real divergence RSI (The point A was exceed 30, but C is not).
- The 2nd key is the real divergence MACD (point B was exceeded THE line 0).
- The 3rd key is the slope of MACD & SIGNAL.
Thus, I forecast EURGBP will up from the Symmetry wave III to IV.
SPX - A big drop soon.Look left, 24 Dec 2018 at the Symmetry wave (I) was broken the Uptrend, MACD histogram was lowest.
Thus I predict SPX step to the Bear Market at the Symmetry waves (II) to (III)
* Indicator:
- The MACD and FORCE INDEX is decreased.
- The MACD & signal Crossovers
- Real divergence RSI (The point A is higher 70, but point C is not).
* This is the third times SPX retest the Resistance.
GBPCA - Hold long with targets Elliot wave rule- 3 months highest FORCE INDEX for an Uptrend.
- Real Force index divergence.
- 3 times confirmed at Symmetry wave II, IV, VI, VIII, X. Now is at zone Symmetry wave X.
Thus, I predict GBPCAD has a big Uptrend with Elliot wave targets.
Do not die in front of paradise
EURCAD - Big Uptrend with rounding bottom patternLook left, Symmetry wave (VI) was broken and confirm zone reversal for UPtrend.
- Rounding Bottom:
1. The biggest Green rounding bottom is at Neckline.
2. The second Red rounding bottom completed.
3. The last Purple rounding bottom looks the previous.
- Indicator:
MACD & FORCE INDEX is upward.
Thus, I predict EURCAD will go uptrend from 78.6 Fibonacci Retracement.
Target is at Harmonic Garley Pattern (Symmetry wave (III)