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MATIC Extremely BULLISH; planning the move aheadMatic provides a unique long oppurtunity and could see some bullish price action ahead with a larger 5 wave move up towards new highs yet to be completed. Off the low of ~$0.32 some impsulive wave action has been seen having come up in a 5 wave count completed at the high of ~$1.05 with clear sub wave counts adding to the validity of the overall count. Matic then saw some strong consolidation of overtaken levels as support with strong accumalation occuring between $0.70-$0.90 in a Possible Wave 2 bottom for a larger Minor Wave 3 to occur. A possible first wave in the Minor Wave 3 has occured; which preceeded the sharp sell off from $1.30 as bitcoin sold off; it appears a wave 2 correcion is forming and will take longer to occur and an ABC is likely with a B wave higher then C wave down to likely support areas of the golden line at $1.02 and also $0.95 & $0.92 where price can then push higher and start to build another uptrend. Noticeably, the sharp sell off recently found a bottom on the lower warning line created from an Original Pitchfork using pivots of Minor Wave 0,1,2. Please like and follow for more advanced elliot wave updates; lets see how this materialises trade at your own risk.
MLong
by NICKVASS10
BTC and complete the declineWolfe waves and the transverse demand zone: Shapes drawn on the chart: The orange region: Strongest Quantumes Area at the present time, which is current transverse area limits The red zone and the green zone: weak trading areas that are not accompanied by quantities The blue circle: the confluence of the fourth wave with the current strongest demand point and touching the sub-uptrend (the leg of the ascending triangle) The blue line is the price breakout point at the 2020 high towards the 2021 high (69K), and the same time is the strongest demand area in this current drop from the Bitcoin high. Intermittent red trend: the target of the triangle is based on the waves of Wolfe The fifth wave is expected to be short as it faces the point 20361 which is considered a strong resistance as the price is likely to retest it after breaking it, as well as the middle point of ​​the side of the fourth wave considering the unified (angle of the five waves of this triangle 47°), then after that it is expected that the price will fall to The target of the triangle according to the Wolfe waves (dashed red line), which also coincides with the previous idea attached, where it targets the first retracement area shown there. If this path is achieved, it will be updated with a new idea
by AHMAD-CHART
Ethereum All Time Elliot Wave Analysis! Depressionary Period!?Historic Ethereum Elliot Wave Perspective: There is a valid wave count to suggest that a Primary Wave Cycle has been completed from the inception of the Ethereum asset in October 2015 to the All Time High at ~$5053, whereby 5 primary impulse waves have been completed with evident subwave structure as visualised on chart. This would suggest a change of market structure as never seen in Ethereum and in the Cryptocurrency Asset as prices since its beginning have never experienced prolonged depressionary periods. Ethereum and majority of crypto assets will likely experience prolonged corrections in price and also time as never experienced before. From the ATH at ~5053 a 5 wave impulsive structure to the downside can be evident with clean subwave structure highlighting its validity; Ethereum aswell as Bitcoin appear to be in the Macro 5th wave to the downside from ATH's and look headed towards new lows. The Minor Wave 3 indicated in red pushed price to a ~1.618 fib extension of Wave 1 at ~$940 where price then recovered in a Minor Wave 4 correction notably tagging the 1.5 fib line of the Original Pitchfork which will likely forecast future prices. Ethereum currently sits in the Minor Wave 1 to the downside; and has a strong confluence of areas where price will likely head to; looking at the subwave structure as to with Bitcoin it appears a possible hyperextended 5th wave is to be expected with a possible 1,2 , 1,2 formation in this 5th wave having occured. Notably the ~2.618 extension of Minor Wave 1 lies at ~$410 along with the 0.618 fib retracement of the PRIMARY 5th WAVE to ATH at ~$400; additionally, the pitchfork lower warning line also lies at this area. This is also a significant support area as indicated by the yellow circles where it has acted as an integral level, notably it acted as a spring for the distribution of the 3rd wave of the PRIMARY 5th wave. Other levels where strong demand will come in also exist at the ~0.618 extension and ~0.786 extension of 0-3 at ~$700 & ~$521 respectively which also line up with integral support structures historically. From a Minor 5th Wave bottom a likely A wave would have been completed where a B wave will likely retest the $1500-$1800 region before a C wave lower occurs. This provides a strong and unique trading oppurtunity as Ethereum will be extremely over sold at these levels and provides a good dollar cost averaging oppurtunity. This is not financial advice, please like and follow for more :)
BINANCE:ETHUSDShort
by NICKVASS10
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