Wave Analysis
NZDCAD: Short-Term Trading OutlookNZDCAD: Short-Term Trading Outlook
NZD/CAD has dropped below a key structure zone on the 60-minute chart. Over the past two hours, the price has tested this area twice.
There’s a good chance that a short-term bearish move could start from the resistance zone at 0.8295.
If the price declines further, it may find strong support around 0.8265 and 0.8245.
You may find more details in the chart!
Thank you and Good Luck!
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SATS has completed a corrective pattern (1D)Attention: This is a risky and highly volatile meme coin.
The correction of SATS started from the point where we placed the red arrow on the chart.
This correction appears to be an expanding triangle, as wave C is longer than wave A, and wave E is longer than wave C.
Currently, a support zone has formed below the price. As long as this area holds, the price can move toward the flip zone or near it.
Since the flip zone is fresh and untouched, the price may get rejected from this level.
The closure of a daily candle below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
EURUSD Will Go Lower! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.136.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.114 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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BITCOIN | 30M | IMPORTANT SUPPORT ZONE Hello, my friends,
Yesterday, I shared a Bitcoin analysis and stated that my target level is 97,300.
At the moment, we are within the blue support zone I highlighted in my analysis yesterday. Although this is not a very strong support zone, I am expecting an upward movement from here. However, the most critical support level lies between 92,000 and 91,000.
As I mentioned yesterday, as long as the price does not drop below the 92,000 - 91,000 levels, my target remains at 97,300.
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CRUDE OIL Move Down Ahead! Sell!
Hello,Traders!
USOIL was making a
Bullish correction but
It is in the downtrend
Overall, so as the price
Is hovering beneath the
Horizontal resistance
Of 64.80$ from where
We will be expecting a
Local bearish correction
Sell!
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Ethereum Daily View – Tracking Wave C in Action
On the daily timeframe, Ethereum is unfolding within the early stages of Wave C, following the completion of a flat correction pattern.
The price has completed Wave (i) and appears to be in a corrective Wave (ii) targeting the 0.5–0.618 retracement zones (around $2366 to $2485).
Upon completion of Wave (ii), a sharp Wave (iii) decline towards the 1085–754 zone is expected.
📈 For a bigger picture, please refer to my Weekly and Monthly Ethereum analyses.
#Ethereum #ETH #DailyChart #CryptoAnalysis #TechnicalAnalysis #ElliottWave #CryptoTrading
ICP / USDT: In the Macro Support Zone
The price has reached the target macro support zone for the formation of a long-term bottom.
As long as the price stays above the April 7th lows, my main scenario is that the macro correction (wave (2)) has ended and a new multi-year growth cycle has begun.
Weekly Projection:
Thank you for your attention and I wish you successful trading decisions!
Previous ideas on ICP :
Nov'24:
Jun'24:
Dec'23:
#NOT/USDT#NOT
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a bounce from the lower boundary of the descending channel, this support is at 0.002400.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 0.002410
First target: 0.0002531
Second target: 0.002600
Third target: 0.002675
GOLD Support Ahead! Buy!
Hello,Traders!
GOLD is making a local
Bearish correction but
It is trading in a long
Term uptrend so we
Are bullish biased and
We will be expecting
A local bullish rebound
Buy!
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SILVER Will Go Up! Long!
Here is our detailed technical review for SILVER.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 3,308.7.
The above observations make me that the market will inevitably achieve 3,462.2 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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BTC NEXT MOVE?🚀 Bitcoin (BTC) Market Update
We are expecting a small dip in Bitcoin's price, potentially down to the 89,000–90,000 USD zone. From that level, we anticipate a strong rally toward 101,000 USD, as highlighted in the chart.
📈 This move could also lead Bitcoin toward making a new all-time high!
Stay patient and follow the setup carefully.
Bigger correction down for EUHi traders,
My outlook last week of EU played out exactly as I've said! Just check my outlook of last week for proof.
Wave 4 became a Triangle and after it finished, it went up again for the last wave 5 into the Daily FVG.
After that it rejected and started the bigger correction down.
Next week we could see some consolidation and another wave down into the Weekly/ Daily FVG.
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bearish, a small impulse wave down and a correction up on a lower timeframe to trade shorts into the Weekly/ Daily FVG.
If you want to learn more about trading with FVG's, liquidity sweeps and Wave analysis, then make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
TUT Analysis (2H)From the point marked as "start" on the chart, the TUT correction has begun.
It appears to be an ABC correction, and we are currently in wave B of this ABC.
Wave B seems to be a complex correction, possibly a triangle or a diametric, and we are currently in wave c of B.
Wave c of B itself appears to be forming a symmetrical pattern.
It is expected to move toward the red box while maintaining the green zone.
The targets are indicated on the chart.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You