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Waveanalyses

Bitcoin: Very Close 🤏Bitcoin very narrowly missed its previous all-time high of 2021 tonight. It subsequently fell back a little. However, it has recovered in the last few hours and is working on fresh gains. We have added a green, fresh zone extending from $58 259 to $46 753. This zone should mark the end of the imminent wave 4 interim correction before further rises in wave 5. From a technical perspective, the wave 3 top may be already in place. For now, however, we primarily grant this wave more upside potential.
BINANCE:BTCUSDLong
by MarketIntel
NetEase: Microsleep 😴The NetEase share price continued to rise last week. Although there was a slump of around 10% last Thursday, the share price recovered quickly. We primarily expect the magenta-colored wave (b) to continue moving upward. Ideally, we expect the high of this corrective rise to be just below the resistance at $134.44. From there, the price should then sell off significantly in order to complete the beige-colored wave II. However, our alternative scenario (33% probability) should not be ignored. It sees the price in the green wave alt.(B) on a break of the resistance at $134.44. Consequently, within this scenario, the price should continue to rise (albeit correctively) before a sharp sell-off.
NASDAQ:NTESLong
by MarketIntel
Cardano: Breakthrough! ⛓️‍💥ADA has managed to surpass the resistance at $0.64 with a pronounced upward candle. This should now provide further important bullish momentum. We primarily expect the blue wave (v) to continue before it completes the superordinate wave (4) in turquoise further up in the chart. Subsequently, a final sell-off should occur to complete the green wave (2). However, our new alternative scenario (40% likely) should not be disregarded: it considers the low of the green wave alt.(2) as already set. In this scenario, the altcoin is currently in the turquoise wave alt.(3) and will far exceed the anticipated top for the regular wave (4).
BINANCE:ADAUSDLong
by MarketIntel
2
Avalanche: Gained Momentum 🔥AVAX continued to decline until last Friday. Then, however, there was a change of direction and the price shot up by more than 12%. This development strengthens our assumption that the downward swing was merely part of the substructure of the current (corrective) upward movement. We now primarily expect the magenta wave (b) to bring further significant increases. It should only end below the resistance at $56.43, where a fresh sell-off should replace it. The price should then fall back significantly to complete turquoise wave 2. However, our alternative scenario (48% probable) should be considered, which calls for sustainable rather than corrective gains. It comes into effect on a break of the $56.43 mark and already sees the coin in the turquoise-colored wave alt.3.
BINANCE:AVAXUSDLong
by MarketIntel
1
OIH: Keep Going! 👏OIH is on its way toward our green Target Zone (between $$321.09 and $339.97), nearing the last local high from the end of January. We expect the ETF to arrive in said Target Zone during the orange wave ii before the orange five-wave downward structure should continue, ultimately concluding below the support at $277.30 (but still above $250.69). Still, there is a 32% chance that the orange wave Alt.ii has already finished without reaching our Target Zone, which would be confirmed by the price dropping below $277.30 earlier.
AMEX:OIH
by MarketIntel
Boeing: Approach for a Landing 🛬In line with our primary scenario, the Boeing stock price is pitching further downward. Soon, the magenta wave (2) should find its completion above the $176 mark. Subsequently, we expect rises above the resistance at $267.54. However, this primarily anticipated uptrend could be interrupted halfway. If the price reverses before reaching the resistance at $267.54 and falls below the $176 mark (37% likely), we will have to assume that it will land in our dark green Target Zone between $172.25 and $130.78.
NYSE:BA
by MarketIntel
Philip Morris: Sleepyhead The Philip Morris stock is moving mainly sideways with only a slight hint to the upside. However, to follow our primary route again, the tired Philip should soon awaken from its slumber and regain bullish momentum. The turquoise wave B should extend into our turquoise Target Zone (between $119.47 and $123.80) to establish its high. Only afterward do we reckon with sell-offs, which should push the price into our green Target Zone (between $77.61 and $62.42). The green wave should settle its low in this range before a sustained upward move can be ventured. On the other hand, there is a 35% chance that PM will surpass our turquoise Zone, thus confirming that it is already busy with the green wave alt. .
NYSE:PM
by MarketIntel
Avalanche: In the Mood for More!February has been very positive for the AVAX price so far. In the next step, the altcoin should establish the high of the magenta wave near the resistance at $56.43. Thus, the latest bearish pressure should be conquered soon in favor of new upward momentum. As part of our primary scenario, the upcoming wave high should initially be followed by a sell-off until the low of the turquoise wave 2 is settled. However, there is a fairly high 40% chance for a clear breakout above the mentioned resistance. In this case, the turquoise wave alt.2 would have already been finished.
BINANCE:AVAXUSD
by MarketIntel
Gold: Don’t Slacken! 💪To follow our primary scenario, Gold must not slacken on its way further up the chart! We still expect the turquoise wave B to reach a new all-time high, which requires more (corrective) rises. However, our alternative scenario could still prevail with a probability of 40%. In this case, the turquoise wave alt.B would have already been finished with the last prominent high, and Gold would, therefore, turn down earlier to dive below the support at $1935.
COMEX:GC1!
by MarketIntel
1
Snowflake: Checked in ✅The SNOW share has experienced a surge over the past two weeks. In line with our primary scenario, the magenta-colored Target Zone (coordinates: $222.85 - $257.63) was reached. In this range, the wave of the same color (x) should now soon establish its high, whereupon a change of direction should take place. The Zone can be used accordingly to enter short positions. Please also note the 33% probable alternative scenario. Although we primarily expect a correction in the turquoise-colored wave 2, we take into account at this point that this movement could already be completed. The trigger would be a significant breach of the 50% retracement at $257.63.
NYSE:SNOWShort
by MarketIntel
1
ABNB: price structure The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure. The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important support zone. If price goes bellow 128 suggested price structure needs to be revised. Thank you for your attention!
NASDAQ:ABNBLong
by artemfedorov
Meta: Reached the Destination 📍✅Meta has reached our (now greyed our) Zone and started a pullback. We primarily expect the magenta-colored wave (iii) have already reached its high. Accordingly, we currently see the stock in a correction of the same-colored wave (iv), which should ideally push the price back towards the round $400 mark. According to our alternative scenario (38%), it would possible that the stock immentily rises. However, this scenario would merely shift the top of the wave alt. (iii) in magenta, which is why we expect another countermovement to the south afterwards before we can move on to the final stage of the green wave (1). As soon as the high of wave (1) in green could is set, we are preparing for a more extensive wave (2) correction.
NASDAQ:META
by MarketIntel
Anta Sports: Final Descent 🛬Anta Sports recently continued to rise after an impulsive downward spike narrowly missed the magenta Target Zone between HK$58.95 and HK$33.60. Thus, it is quite possible that this downward spike has already completed the low of the green wave (2) and that the stock is now marching higher. However, we are not convinced that this is the case, so we believe that the stock will soon pull back, drop below the support level of HK$67.85, and then run into our magenta Target Zone. Once this has been explored, we expect the wave (1) in magenta to lead to strong rallies above the resistance at HK$125.30.
HKEX:2020Long
by MarketIntel
S&P500: Time to turn back 🔄For the S&P 500, we are primarily assuming that the sideways phase will initially resolve itself to the downside. In the further sequence, the correction should continue into the magenta Target Zone (coordinates: 4540 - 4300 points). Within this zone we then locate the low of the turquoise wave (ii), which should mark a change of direction. In the context of our alternative scenario, on the other hand, we still consider it 25% likely that the wave Alt.(i) in turquoise will make another new high above the aforementioned 4997-point mark. Either way, however, we expect a setback afterwards, which should offer the opportunity to enter long positions.
CME_MINI:ES1!
by MarketIntel
Dow: Heading South 👇We continue to locate the Dow stock in the bearish wave (Z) in magenta and expect the price to fall back to our dark green Target Zone on the south side (coordinates: $46.66 - $42.79). Traders could place a stop for long positions 1% below the lower edge of the Target Zone, or in this case 1% below the support level at $42.79. However, it should be noted that our alternative scenario has a 40% probability and would see break above the resistance level at $57.74. Wave alt. (B) in dark green would have already been completed in this scenario.
NYSE:DOWLong
by MarketIntel