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Waveanalyses

Decentraland: Summer FlashbackWith the recent sell-off, Decentraland's MANA reached its lowest level since early August of last year. The selling pressure should now intensify further to push the price down to the anticipated new bear market low of the green corrective wave . From there, the next magenta five-wave upward sequence is expected to begin and finally break through both resistance levels at $0.59 and $0.85 during wave . However, according to our 33% probable alternative scenario, the price could reverse upward now and directly start the impulse wave alt. . In this case, the precursor wave alt. of the same color would conclude at the current price level.
BINANCE:MANAUSD
by MarketIntel
S&P500: Persistent SupportThe S&P 500 continued its recovery following its reaction to the support at 5509 points. However, in our primary scenario, we expect the index to fall below this mark to ultimately complete wave in green within our color-matched Target Zone (coordinates: 4988 points – 4763 points). Within this range, there are entry opportunities for long positions, which could be hedged with a stop 1% below the Zone’s lower boundary. Once the corrective movement has reached its low, the final upward movement of the green wave structure should commence. In the process, the index should gain significantly and reach the high of wave above the resistance at 6166 points. If this mark is surpassed prematurely, our alternative scenario with a 30% probability will come into play.
CME_MINI:ES1!
by MarketIntel
ExxonMobil: Toward the ResistanceExxonMobil: Toward the Resistance As planned, XOM recently continued to rise with the magenta wave . We give this movement a bit more room, but another smaller corrective movement of wave should start below the resistance line at $126.34 before XOM ultimately surpasses this mark. Once the upward movement stalls below $126.34, it is important that the price doesn't fall too deeply afterward. After all, there is a 40% probability for our alternative scenario, where not wave in magenta but wave alt.2 in turquoise would develop its high – confirming an already established top of the overarching wave alt.(B) and, thus, a generally corrective scenario.
NYSE:XOM
by MarketIntel
Render: Running on Empty?Render has climbed nearly 50% since the low in the second week of March but lost notable ground recently. The price remains within our magenta Target Zone between $5.43 and $1.81 and could still dip toward the lower boundary as it works toward completing the turquoise wave 2. Once a sustainable bullish reversal takes hold, we expect a strong rally in the turquoise impulse wave 3, which should target new all-time highs. The resistance at $11.88, which marks the top of the magenta wave from early December, should be surpassed decisively as momentum builds.
BINANCE:RENDERUSD
by MarketIntel
Cardano: New Low or Off We Go?In line with our primary scenario, Cardano’s ADA should develop a new low as part of the blue wave (ii). However, this corrective move should conclude with sufficient distance from the $0.31 support so that the blue wave (iii) can take over afterward and drive the price decisively above the $1.32 resistance. That said, our 40% likely alternative scenario suggests that the low of wave alt.(ii) in blue may have already been settled back in February. Confirmation of this alternative trajectory would arise with a clear breakout above $1.32.
BINANCE:ADAUSD
by MarketIntel
4
Palantir: Successful!PLTR effectively initiated a directional change within our now-gray Target Zone, and potential long trades opened within this range should already be significantly in the black. We locate the price in the corrective movement of the green wave , which should develop through the magenta waves (A) to (E) within a pink triangle formation. Ideally, the stock should remain above the low of wave (A), which has just been settled in our Target Zone. Only after the corrective movement has concluded do we expect the transition into the green wave , which should lead the stock to new highs. A premature breakout above the $125.40 mark is possible in our alternative scenario, but it is only rated with a 33% probability.
NASDAQ:PLTR
by MarketIntel
1
eBay: (Corrective) Upside AheadAfter a month marked by elevated volatility, EBAY has recently stabilized. We anticipate a continued rise above the $71.51 resistance, where the beige wave b should ultimately form its high. Afterward, the matching beige wave c should take over, triggering declines toward the support at $49.63. However, if the stock fails once again at the $71.51 resistance and then drops directly below the upper support at $61.55, the magenta wave alt.(4) will carve out a new low near the $49.63 level. Thus, this 40% likely alternative scenario would delay the completion of beige wave b.
NASDAQ:EBAY
by MarketIntel
Meta: Further DownwardWe locate the META in a broader wave IV correction, which should unfold in a three-part - - structure. The current wave should push the price below the key support at $547.57. Once that level is broken, we anticipate a corrective rebound during wave , which should temporarily lift the price back above $547.57. The wave top should be followed by wave , which is expected to complete the overall correction with a final low inside the beige Target Zone between $491.53 and $414.50. This bottom should mark the end of wave IV. However, if the stock instead breaks out to the upside and overcomes the resistance at $740.91, we will have to expect a new high in wave alt.III before wave IV resumes its downward course (30% probability).
NASDAQ:META
by MarketIntel
American Express: Room to Fall FurtherWhile it’s possible that we’ve already seen the low of the beige wave a, we’re not fully convinced. For now, we prepare for another potential decline toward the support at $222.03. That said, the stock should reverse well above this level and begin to rise again as part of the beige wave b, which should provide strong upward pressure. Once this corrective rebound is complete – well below the resistance at $345.03 – the final leg of the wave (IV) correction should bring the stock down into our blue Target Zone, which spans from $205.35 to $167.99. This price range is well-suited for long entries. However, reaching this Target Zone is not guaranteed. We still have to account for the possibility that the upcoming (or perhaps already settled) low may mark the end of the blue wave alt.(IV). But this 31% likely alternative scenario would only be confirmed by a breakout above the resistance at $345.03.
NYSE:AXP
by MarketIntel
Johnson&Johnson: Rejected AgainJohnson&Johnson has now been rejected at the $168.75 resistance level for the second time, pulling back more noticeably in response. However, in our primary scenario, we still expect an imminent breakout above this level, which should allow the turquoise wave X to establish its high well above it. Afterward, the turquoise wave Y should drive the stock sharply lower again, as we anticipate the low of the larger green wave in the corresponding long Target Zone between $138.78 and $125.75. That said, reaching this Zone is not a certainty. There remains a 35% chance that the low of the green wave alt. is already settled. Under this alternative scenario, the stock would break through $168.75 without resistance and continue its impulsive move higher.
NYSE:JNJ
by MarketIntel
Visa: Bottom Already Established?Visa might have already reached the low of the magenta wave ; however, for now, we allow slightly more room for the downside. Nonetheless, once this interim correction has concluded, the price should proceed higher during the magenta wave and surpass the resistance at $366.34. We currently consider it 34% likely that the stock will break above this level to form a fresh high with the magenta wave alt. . But primarily, we view the regular wave as already complete.
NYSE:V
by MarketIntel
Hedera Hashgraph: Balancing ActHedera Hashgraph’s HBAR continues to hover just above the $0.17 support level, moving within an increasingly narrow sideways range. If the price breaks sustainably below this red line (38% probable), the green corrective wave alt. will establish a new low. Our primary assumption, however, remains that the green wave was already completed with the late February low, at the upper boundary of our now grayed-out Target Zone. If this assumption holds and buying pressure returns soon, HBAR should rally above the $0.39 resistance during the green impulse wave .
BINANCE:HBARUSD
by MarketIntel
Zscaler: BalancedZS has seen buyers and sellers largely balancing each other recently, preventing any significant moves in either direction. As a result, we continue to place the stock in a corrective rally as part of the magenta wave , with its high anticipated above the $259.61 resistance. However, if the price falls below the $153.70 support, the ongoing corrective structure will extend further, with the turquoise wave alt.X establishing a new low. This alternative scenario carries a 35% probability.
NASDAQ:ZS
by MarketIntel
Solana: Precision Landing?!Solana extended its sell-off and reached our blue long Target Zone between $117.73 and $40.43. The price then reacted right at the $109.89 support level, indicating that the low of the green wave 2 has been settled. Thus, the next step should involve a strong rally driven by the green wave 3, ultimately pushing SOL well beyond the $295.31 resistance and past its current all-time high. However, our Target Zone remains active, as there is a 40% chance that the price could revisit this range to complete the blue alternative wave (ii) below the $109.89 mark.
BINANCE:SOLUSD
by MarketIntel
Coca-Cola: As PlannedAs primarily anticipated, Coca-Cola has recently established the peak of wave in magenta just below the resistance at $73.53. The stock then dropped by approximately 5%. We now expect the low of wave in magenta to occur soon, and afterward, wave should bring significant gains, thus completing the large wave III in beige. Our Target Zone for this wave III top lies between $75.42 and $78.88. It provides opportunities to either close existing long positions or to open new short trades.
NYSE:KO
by MarketIntel
VeChain: Struggling…VeChain is struggling to stay above the key support at $0.018, but the anticipated low of the orange corrective wave ii should form above this red line – or may have already done so. Once the bottom is indeed settled, we expect the orange wave iii to break out impulsively, pushing well beyond the $0.08 resistance, where the entire orange five-wave move should ultimately complete the blue wave (iii). However, if VET falls below $0.018, the broader green wave alt. will reach a new bear market low (probability: 38%). Primarily, we consider wave as already finished.
BINANCE:VETUSD
by MarketIntel
Netflix: New All-time High!As expected, Netflix reached a new all-time high at $1,067, completing the magenta wave . Since then, the stock has already pulled back by nearly 20%. The ongoing magenta wave should extend further into our new magenta Target Zone, which spans $789.04 to $704.43. Since we anticipate a sustainable rebound from this range, it presents an opportunity to initiate or expand long positions. Such long entries could be hedged with a stop 1% below the Zone’s lower boundary, as there is a 30% chance that Netflix will drop below the Zone to complete the green wave alt. .
NASDAQ:NFLX
by MarketIntel
DUOL: mid-term trend structure Until price is holding above 13th Jan lows, my operative scenario is continuation of the upside momentum towards 420-450 resistance zone. Moving and holding above 450 level increases the probability of a continuation move towards higher resistance levels at 590+. Otherwise, until price holds bellow 450, there are significant odds of deeper correction in the mid-term before continuing macro uptrend My previous idea on NASDAQ:DUOL from Dec'23 topping actions: and update on break-out potential from Sep'24: Thank you for your attention!
NASDAQ:DUOLLong
by artemfedorov
Take-Two: Continued Sideways MovementSince the beginning of February, Take-Two Interactive has been moving mostly sideways with a slight downward bias. Currently, the ongoing beige wave b should continue upward, driving the stock into the beige Target Zone between $241.59 and $257.87. There, this corrective rally should conclude, setting the stage for a sharp downward move. However, if the stock breaks below the support at $135.62, this will signal a premature correction low of the blue wave alt.(II) in the blue Target Zone between $107.47 and $46. We assign this scenario a 33% probability.
NASDAQ:TTWO
by MarketIntel
Decentraland: Corrective TerritoryDecentraland’s MANA remains stuck in corrective territory and should drift slightly lower in the short term, aiming for a new bear market low in the green correction wave . From that level, the next five-part magenta impulse should take over, pushing the price back above both the $0.59 and $0.85 resistance levels in wave . However, there is a 33% chance that MANA will progress faster than primarily assumed: the magenta impulse wave alt. could start directly, driving the price above the two green resistance levels at $0.59 and $0.85. In this alternative scenario, the green wave alt. would be already finished.
BINANCE:MANAUSD
by MarketIntel