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Wave Analysis

GBP/JPY Short-Term Scalping Analysis:The current price action shows GBP/JPY forming a descending trend, and it recently tested the 100% Fibonacci level near 198.056, suggesting a potential bounce area. However, the price remains under bearish pressure and could continue down to retest this level around 198.008-198.050. If GBP/JPY holds this support, we may see a rebound toward the 198.502 or even 198.885 levels, aligning with the 50% Fibonacci retracement as an upper resistance. For scalping: Buy opportunity near 198.008-198.050, targeting a rebound toward 198.250-198.500, with a tight stop below 198.000. Sell opportunity if the price rejects around 198.500 or higher levels, aiming for a retest of the 198.056 support. As this is a short-term setup, it is crucial to monitor price action closely throughout the day. Adjust stops and targets based on volatility and market reactions around these key levels.
Long
by AEL_Education
BTC - NEW ATH Approaches and ALTSEASONThe first time I started talking about my outlook for BTC in 2024, was in MAY. This is the original post where I first propose the Elliot Wave theory, with a 30% multi-month correction: It's been a painful journey that required a lot of patience - but today, I am pleased to see that the idea has payed out by 95% so far. The play has always been a "multi-month" approach, and now it is the last push towards the new ATH which I believe to be anywhere from 82K upwards. _________________________ OKX:BTCUSDT
Long
by CryptoCheck-
1
Microsoft (MSFT): Can Earnings Sustain the Trend Channel?With Microsoft set to report earnings, investors are keenly watching updates on AI-related spending, especially growth within Azure and Copilot, as well as broader financials. A significant focus will be on capital expenditures (Capex) for generative AI initiatives, expected to rise from $9.92 billion a year ago to an estimated $14.74 billion in this recent quarter. Beyond revenue and earnings, the market is waiting to see how these hefty investments are shaping the company’s growth trajectory. Technically, NASDAQ:MSFT continues to test the lower bound of its trend channel—a level that may weaken with repeated retests. The stock’s reaction to earnings will reveal if this support can hold. The formation suggests a potential head and shoulders pattern, particularly if NASDAQ:MSFT dips below the neckline support at $388 with declining volume. For now, we’re maintaining our cautious outlook. If Microsoft fails to hold its key support levels, it may confirm the bearish trend we’ve been observing. As always, we’ll provide updates if any significant developments occur after the earnings report.
NASDAQ:MSFT
by freeguy_by_wmc
TSLA - Did it again...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 TSLA has been trading within a large symmetrical triangle marked in blue. In our last two analyses, TESLA rejected the lower bound of the range and the $200 support zone. Currently, TSLA is hovering near the upper bound of its range. We’ll be looking for new long positions as it approaches the lower blue trendline. 📚 The blue trendline also intersects with the orange demand zone, further strengthening this area. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:TSLA
by TheSignalyst
2
Trend analysis and buying recommendationsThe bullish trend structure of gold is intact, and it continues to rise sharply and close, approaching the 2800 mark. The bullish sentiment of gold has risen, and it is obviously strong. There is basically no rhythm of falling back, and it continues to set new historical highs. The support level continues to move up. The trading idea remains unchanged, and the low-multiple layout is mainly based on the trend correction, and the key positions such as the historical high are shorted. Gold broke through the historical high directly in the US market yesterday, and began to rise strongly. Gold did not show any signs of falling back. The 1-hour moving average of gold continues to diverge upward. The previous high of gold 2758 has now become support. Gold falls back to 2760 and continues to buy on dips. First support: 2770, second support: 2762, third support: 2750 First resistance: 2786, second resistance: 2796, third resistance: 2805 Trading strategy: 2760~2800 range sell high and buy low
OANDA:XAUUSDLong
by Jun-goldFX
$ETH Long Setup Bull Run open $2,700 to $4,000 see on chart.CRYPTOCAP:ETH Long Setup Bull Run open $2,700 to $4,000 see on chart. Why is Ethereum's price not surging? Will ever ETH price ever reach $3000 this quarter? Ethereum traders seem to be seeking an answer to the above as the Ethereum price is constantly failing to rise above $2,800. Now that the BTC price is approaching its highs, the second-largest token was expected to follow the trend as it usually did. Unfortunately, the price remains stuck within a range with fewer possibilities of breathing above the resistance. The current trade setup suggests the trader's attention has shifted away from the token as the bulls are failing to clear the resistance regardless of a substantial increase in the volume. One of the major reasons for the sluggish trend is the drop in spot trading activity. As per the recent update, Ethereum recently experienced a notable transformation, with over $750 million worth of ETH withdrawn from the major exchanges in just a week. This trend suggests that many investors are opting for long-term holding rather than selling their assets. Having said that, here’s what to expect from the ETH price for the rest of 2024. The weekly chart of the ETH price suggests the token is consolidating heavily within a narrow range, along the support of the rising parallel channel. Besides, when the price appears to be heading towards the end of the consolidation, the Ichimoku cloud has flipped into a bearish trend. This may send bearish waves across the markets but the MACD suggests a drop in selling pressure. Moreover, the levels are heading towards a bullish crossover, hence suggesting an extension of a consolidated phase. The Ethereum price, which formed a new ATH along with Bitcoin in 2021 and also in early 2024, appears to have failed to gain the required momentum. However, the liquidity flow from Bitcoin usually flows into ETH and hence the token is believed to demonstrate huge moves only after the star crypto marks new highs.
Long
by SUBROOFFICIAL
1
Frankly !!Finally, Bitcoin managed to go above the cup and handle resistance in the weekly timeframe, but it hasn't fully broken it yet. We need to wait for the weekly candle to close above this resistance. If that happens, we can anticipate the biggest rally in Bitcoin's history. That's it!!! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
btc down now Current market conditions indicate a potential downtrend for Bitcoin (BTC) against Tether (USDT). Key factors suggesting a short position include: Technical Resistance Levels: BTC has recently encountered strong resistance at the $30,000 mark, with repeated failures to sustain upward momentum. This suggests the possibility of a reversal. Overbought Indicators: Several technical indicators, such as the RSI (Relative Strength Index), are showing overbought conditions, indicating that a correction could be imminent. Market Sentiment: Recent sentiment analysis reveals a growing bearish sentiment among retail investors, often a precursor to downward price movement. Fundamental Factors: Potential regulatory concerns and macroeconomic conditions could impact market confidence negatively, further pressuring BTC prices. Volume Trends: Decreasing trading volume during upward price movements points to weakening buyer interest, increasing the likelihood of a price pullback. Given these factors, initiating a short position on BTC/USDT may align with current market trends, but it is essential to set stop-loss orders and manage risk appropriately.
Short
by farzadzeraatkar
Potential flat pattern The unconvincing structure of this correction overall has me wondering if it's not going to decline in 5 to make a flat. It's definitely possible. As shown with the channel slope, it's clearly a sideways pattern, but the current advance is unconvincing as the start of a 5th wave, or return to the larger degree upwards trend, certainly from an Elliott view. It would still be well within the parameters of "the right look" for the 4th wave of an impulse, with potential termination points just below the base channel shown in blue. Something to be aware of. If it goes well beyond 105% retracement of the labelled (a) wave decline (in other words a new ATH), and starts to make only corrective pullbacks from there, then this idea is likely dead. But the longer it struggles to make that push through the resistance, the more it is susceptible to a dump. Let's see how these come together with the volume, and if buying dries up. At this level, sellers could easily be offloading gradually, and if buyers do dry up, the sellers could spark a bigger dump. "IF" - let's see.
COINBASE:BTCUSD
by JCore7
XAUUSD shortXAUUSD YES I AM THINK TO 2800 THEN SO EHAT? Gold was trading at a fresh all-time high this morning, It is closing in on its next key upside target of $2,800, having broken above $2,700 less than a fortnight ago. The chart continues to look constructive from a bullish perspective. The MACD indicates that momentum remains to the upside, while below the overbought levels seen at the end of September. it looks as if there’s less room overhead when compared to mid-October. the three converged was in mid-February just before the start of this leg of the rally when gold was trading below $2,000 per ounce. So, it all looks tickety-boo for the bulls, and that means also it’s time to be extremely cautious. The silver chart is very messy in comparison. From a bullish perspective, But the market has yet to take off dramatically which is a feature of a full-blown silver bull market.
OANDA:XAUUSDShort
by ssaeedg