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Waveanalyses

Decentraland: Breakout?MANA recently experienced an upward movement and is currently trying to leave our magenta Target Zone (between $0.1371 and $0.3154). We attribute this development primarily to the magenta wave (iv). The price may should leave the range briefly, but then come back to complete the green wave (2). Consequently, we continue to keep the Zone active so that it can be used to open long positions. Stops could be placed around 1% below the lower edge. From a technical perspective, however, there is also the possibility that the low of the green wave alt.(2) has already been set. This option will come into play with a direct rise above the resistance at $0.37.
BINANCE:MANAUSD
by MarketIntel
Coinbase: Not Yet!Although Coinbase has moved upward within our orange Target Zone (between $180.58 and $134.06), we must still reckon with a lower low of the orange wave ii as the stock can use the whole range of our Zone to complete the current movement. However, since the technical requirements for this corrective move have already been met, the price could also continue to rise directly. In any case, the orange wave iii should surpass the resistance at $323.70, so our Zone still offers long entry opportunities to profit from the expected increases. For hedging purposes, a stop may be placed 1% below the Zone’s lower edge.
NASDAQ:COIN
by MarketIntel
1
Avalanche: Knock, Knock...AVAX was able to gain further ground within our turquoise Zone (between $17.48 and $29.30) and is currently trying to break through the resistance at $28. As soon as the coin manages to establish itself above this level, this should provide further upward momentum. We then expect the remaining sub-waves of the blue wave (iii) to produce a decisive increase. Consequently, long positions can still be opened within our Zone, with stops placed around 1% below its lower edge or at the support level of $17.44. Should the price slip below the $17.44 level (33% likely), we will still have to locate it in the turquoise-colored wave alt.2.
BINANCE:AVAXUSDLong
by MarketIntel
Polkadot: Gained Momentum!DOT initially slumped in the last seven days, but was able to recover fully. We now expect further advances to the upside. The green wave (iii) should ultimately stretch well above the resistance at $4.92. Afterward, we expect an interim correction before another rise completes the green wave 1. If, on the other hand, the coin slips below the support at $3.61, our alternative scenario (probability: 37%) will be activated. This wave count involves a setback into our orange Zone (between $2.98 and $1.67) during the magenta-colored wave alt.(ii).
BINANCE:DOTUSDLong
by MarketIntel
2
Tencent Music: Docked inTME recently reached our magenta Target Zone (between $9.55 and $6.84) and is now trading just below its upper edge. We expect a deeper dive before the magenta wave (ii) comes to a well-deserved end. With the low in place, the share should then rise again and head for a new three-year high with the same-colored wave . Investors can therefore play the long side within the Zone, whereby stops could be placed 1% below the lower edge or at the support at $5.70.
NYSE:TMELong
by MarketIntel
Ripple: Tug-of-war The tug-of-war between bulls and bears continued on the Ripple chart last week, with the bulls leading a small rise. The coin thus continues to trade between our two scenarios. Primarily, we expect the magenta wave (C) to fall below the support level at $0.2874. Only when the low of this movement has been established should the price turn upward on a sustained basis. If, on the other hand, there is an earlier rise above the resistance at $0.9479 (45% likely), we will already have to place XRP in the magenta wave alt.(D).
KRAKEN:XRPUSDShort
by MarketIntel
GOLD - Time to buy again!As you can see in the chart, after breaking the wedge, the price fell to the support zone, and from now on, the price can follow the crab pattern and go up. ❤️Stay awesome my friends. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
FOREXCOM:XAUUSDLong
by CobraVanguard
2
Ebay: Almost there!Ebay’s shares have made impressive strides since our last update, hitting a new local high not seen in over two years. We anticipate further upside potential as wave (5) in magenta continues and expect it to arrive in our green Target Zone between $63.90 and $71.50. Once this peak has been reached, we expect a strong sell-off. Thus, our Target Zone presents an opportunity to realize the profits of existing long positions. It also serves as a potential entry point for short trades, with a possible stop loss placed 1% above the Zone’s upper boundary.
NASDAQ:EBAYShort
by MarketIntel
VeChain: ReboundedVET was pulled back to the 78.60% retracement (at $0.0221) of our blue Target Zone (between $0.0292 and $0.0179) after our last update. From a technical perspective, the low of the blue wave alt.(ii) could now already be established and a recovery could begin. However, this scenario (35%) will only be activated if the resistance at $0.033 is broken. For the time being, we maintain that there should be a further setback to the lower edge of the zone before the coin turns around. With the low in place, a significant increase above the resistance at $0.055 should then set in.
BINANCE:VETUSDLong
by MarketIntel
1
NIO: Rocket-like!The NIO share price shot up resolutely last week and recorded a peak gain of more than 38%. This development is in line with our primary expectation and is attributable to the blue wave (iii). We now expect this bullish momentum to continue so that the resistance at $7.02 can be broken. Following the high, we expect a small interim correction before a further increase completes the magenta wave (i). However, we must continue to keep an eye on our 40% probable alternative scenario, which is waiting to be deployed at the $3.61 support level. This scenario calls for a lower low of the beige-colored wave alt. II.
NYSE:NIOLong
by MarketIntel
Solana: Downward Pressure!We expect the downward momentum to continue into our blue Target Zone (between $85.15 and $30.79) before the same-colored wave (ii) comes to an end. Investors could open long positions within this range, whereby stops could be placed around 1% below the lower edge. With the correction low in place, the coin should finally rally decisively and break through the resistance at $210.03. Should this level be breached earlier, our 33% likely alternative scenario will come into play. This option sees the price in an extended wave alt.(i) in blue.
BINANCE:SOLUSD
by MarketIntel
Decentraland: Home StretchMANA should have reached the high of the magenta wave (iv) on August 24. Since then, it has been working on wave (v) of the same color. This last stage should ultimately complete the green wave (2). With the corrective low in place, the price should then turn around and rise above the resistance at $0.48 with wave (1), which is also in magenta. Investors could use the entire range of the Zone to establish long positions, with stops placed about 1% below the lower edge. From a technical perspective, it would also be possible that the past low within the Zone has already ended the green wave alt.(2).
BINANCE:MANAUSDLong
by MarketIntel
VeChain: Still Some RoomVET experienced a setback last week within our blue Target Zone (between $0.0292 and $0.0179). This development aligns with our primary expectation, as we still grant the blue wave (ii) scope down to the lower edge of the zone. As soon as the low has been established, the price should turn around and be carried above the resistance at $0.055 by the same-colored wave (iii). However, the minimum technical requirement for the low has already been met. Should the coin break through the $0.033 level directly (35% likely), we will already see it in the blue wave alt. (iii).
BINANCE:VETUSDLong
by MarketIntel
1
Snowflake: Please turn!Snowflake has experienced a setback in recent days. However, as it was able to hold above the support line at $107.41, our primary scenario remains intact. Thus, we continue to see the price in the turquoise-colored wave b, which should initially bring a (corrective) increase. Only after the high has been established should larger sell-offs come knocking, completing the wave (2) correction in green. However, we consider it 33% likely that the share has already been working on the final stage of this corrective movement since May. This scenario, which will be activated by a fall below the support level of $107.41, would call off the upward swing accordingly.
NYSE:SNOW
by MarketIntel
Hongkong & China Gas: Do not let up!We stick to our primary assumption that the price should make another attempt to overcome the resistance at HK$6.77 and succeed this time. Finally, as part of the magenta wave (4), we expect the price to rise into our same colored Zone (between HK$8.44 and HK$9.19). Investors could open short positions within this range, with stops placed about 1% above the upper edge. The last leg of the beige wave II should then trigger larger sell-offs. However, we consider it 44% likely that the price is already on the home stretch of this correction. This scenario will be triggered by a fall below our grayed-out Zone. It calls for a fall into the southern Zone between HK$4.73 and HK$3.58 in turquoise.
HKEX:3
by MarketIntel