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Wave Analysis

BITCOIN Ending DiagonalBitcoin seems to be forming an ending diagonal structure, a pattern that typically signals the final phase of a larger trend before a reversal or correction. I am confident that this dip will be relatively shallow, as the broader market dynamics suggest strong underlying support. In this scenario, any pullbacks should be viewed as strategic buying opportunities for traders and investors. I anticipate that the price will retrace to the range of $73,500 to $72,000 , offering an ideal entry zone for those looking to capitalize on the next potential upward move.
by OnehundredBTC
Bitcoin Buy Signal: Exciting Entry Opportunity in the Correction🕒 Timeframe: 1-Hour 📉 Pattern Completed: Five-Wave Upward Pattern 🔄 Current Phase: Corrective Three-Wave Pattern with Wedge Breakdown 📊 Analysis Summary: In the 1-hour timeframe, Bitcoin has completed a five-wave upward pattern, indicating a strong bullish trend that has now transitioned into a correction phase. This three-wave corrective move, confirmed by a breakdown of the wedge pattern, often presents a profitable buying opportunity for those who anticipate a subsequent rally. 💰 Key Support Levels for Buy Entry: 📍 $74,400 — First strong support level where buyers may look for reversal signals 📍 $71,600 — Major support zone that could provide a more secure entry point These key levels have a high probability of igniting a reversal, potentially leading to a robust upward move. For traders looking to enter, these points offer attractive risk-to-reward setups. 📈 Forecast: Based on current technical patterns and market sentiment, Bitcoin has the potential to reach a new peak by the end of 2024. This market setup is a rare and valuable opportunity for those looking to capitalize on the anticipated bullish momentum. 🚀 Don't miss out on this exceptional opportunity to ride the next wave! 🌟
Long
by arzdigitalistha
Explosive Polygon (MATIC) Analysis | A 1200% Profit Opportunity!🔍 End of 150-Week Correction & Start of a Major Fifth Wave Polygon (MATIC) has reached a critical turning point on the weekly timeframe. After a lengthy three-wave correction spanning around 150 weeks, MATIC now signals the potential end of its corrective phase and the start of a new, powerful upward wave. Recent strong candles suggest that if MATIC can break key resistance levels, it may enter the fifth wave—a wave typically associated with high momentum and substantial profit potential. 📈 Suggested Entry Points: 1️⃣ First Entry: After breaking the $0.62 resistance 🔸 A break above the $0.62 level will act as an initial confirmation of an uptrend, indicating the start of a potential bullish wave. This entry is best suited for risk-tolerant investors, as it offers an earlier opportunity to join the rally with potentially higher returns. However, investors should note that entering at this point carries more risk, as short-term corrections could occur. 2️⃣ Second Entry: After breaking the $1.3 resistance 🔸 The $1.3 level is a key resistance zone, and breaking it would provide a stronger confirmation of the uptrend. This entry is ideal for more cautious investors, as it signals a clearer trend reversal and a likely continuation of the bullish wave. Entering here has relatively lower risk and could be a safer entry for those looking to mitigate risk. 🎯 Fifth Wave Target: $8 🔸 Based on technical analysis and historical patterns, the target for MATIC’s fifth wave is around the $8 mark. This translates to a potential gain of 500% to 1200%, making it one of the most exciting long-term opportunities in the spot market. 📌 Final Note: With MATIC’s promising setup and high potential in the fifth wave, this opportunity could yield substantial returns for spot investors. By selecting a strategic entry point and managing risk effectively, you can take advantage of this promising long-term investment opportunity.
CRYPTO:MATICUSDLong
by arzdigitalistha
EURNZD Will Grow! Buy! Take a look at our analysis for EURNZD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.795. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.822 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Gold's Next Bullish Move: Key Levels to WatchSharp bearish move is observed since October 31, this swift move continued after a relief rally during the November monthly opening completing a zigzag pattern towards the second wave of the preceding impulse one degree lower. Current market rally is a potential reversal that completed a five wave move for wave one (cyan), and is now completing a zigzag correction for wave two once market successfully reacts on current price levels this could also be a C leg of a Gartley/Crab Harmonic Pattern. If market reacts on the Gartley PRZ it could complete a three wave pattern that can be an intervening X wave or a B wave of a potential triangle . If market proceeds towards D1 FVG which also falls on the wave three measurements, market might make a sideways movement for wave four before proceeding towards the draw on liquidity on October High then finally completing the five wave sequence on the Crab Harmonic Pattern PRZ
CAPITALCOM:GOLDLong
by xTomato
Ethereum’s Technical Rebound: Vital Direction’s Bullish OutlookAt Vital Direction, our analysis of Ethereum (ETH) presents an optimistic trajectory following its recent correction. Ethereum reached a high of approximately $4,100 in March 2024, subsequently undergoing a WXY corrective structure. The W and X waves formed as ABC zigzags, while Y manifested as an ABCDE contracting triangle. We believe the Y wave’s bottom, marked at $2,308.4, establishes a key support level. As long as this level holds, we anticipate a strong upward trend, with Ethereum potentially breaking past the $4,000 mark to reach new all-time highs. Our bullish outlook is bolstered by Ethereum’s robust role within the evolving blockchain landscape, especially in decentralised finance (DeFi) and smart contract technologies. This analysis, coupled with Ethereum’s innovative ecosystem, signals substantial growth potential. However, should Ethereum retrace to $2,308.4, this projection would require reassessment. We remain vigilant, observing Ethereum’s technical indicators and support/resistance zones as we project a possible rally well beyond the $4,000 level in the near term.
BITSTAMP:ETHUSD
by VitalDirection
Gold price continues to reverse the trendAt the close of the U.S. trading session, global gold prices settled around $2,684 per ounce, marking a sharp decline of over $22 per ounce compared to the previous session's close. The U.S. Federal Reserve (Fed) announced a 0.25% rate cut, bringing the current interest rate to a range of 4.5-4.75%. Typically, a Fed rate cut leads to a weaker USD; however, this time, the greenback surged overnight, strengthening in the international currency basket. The Dollar Index saw a significant rise of 0.42%, reaching 104.950 points, which pressured investors to lock in profits on gold after a strong rally in the previous session. Given this, the USD may continue to strengthen, and gold could face further declines, especially as Fed Chair Powell delivered remarks following the rate cut decision, signaling a possible prolonged strength for the dollar.
OANDA:XAUUSDShort
by Chipucu
CADJPY Will Collapse! SELL! My dear followers, This is my opinion on the CADJPY next move: The asset is approaching an important pivot point 110.86 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 110.00 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Focus on 2700, short on highs in US tradingGold's 1-hour moving average continues to diverge downward in the short position, without any signs of turning. Gold's short position has not ended yet, and there is still room for downward movement. Yesterday's rise in gold has digested the expectations brought by the interest rate cut. It has fallen back after being under pressure at 2710 many times, indicating that gold's bullish momentum at high levels is not strong. The US market rebound is still short. Gold rebounds below 2710 in the US market, and it continues to be short at highs. It can be shorted first when it rebounds near 2700. The market changes rapidly. Don't be fooled by the seemingly strong rebound as a reversal. Gold continues to be short. Trading strategy: Shorting on rallies in US market. SELL: 2699-2701
OANDA:XAUUSDShort
by Jun-GoldAnalyst
GOLD → U-turn and fall... Waiting for Powell (Fed)FX:XAUUSD is forming a reversal setup with a bias for the medium and long term. The fundamental background is changing in favor of the dollar at the expense of gold, as well as changing the targets... Trump is the new (old) president of the United States. What does that mean? Rising inflation, a rising dollar, stock market and bonds are possible, but not gold or currency markets. But because Trump's policies promise to be tough on China and Europe, gold may get additional support from investors, but not in the near term, perhaps not in the next year. What are the targets to gold going forward? 2400, 2300, 2200. 2K is not excluded. Now all eyes are on the Fed rate meeting later on Thursday. Will they cut 0.25% or keep the rate the same? The important aspect in that case is the regulator's comments and hints (slowing down the easing cycle is not ruled out). Waiting for Powell... Technically, gold is returning to the range, so the focus is on the internal levels and the key 0.5 fibo, from which the decline may resume Resistance levels: 2670, 2685, 2696 Support levels: 2652 (trigger), 2637, 2624 A correction after the spill is being formed. False breakdown and subsequent consolidation below the above resistance levels will be a signal for the continuation of the fall Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
16
EURUSD The Target Is UP! BUY! My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0782 pivot level. Bias - Bullish My Stop Loss - 1.0748 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.0842 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
NZD CHF BuyThe New Zealand Dollar (NZD) is generally considered a higher yielding currency. It is dependent on the export of agricultural and other resources. New Zealand's strong economic performance and rising commodity prices often lead to increased demand for the NZD. If the economic data from New Zealand is positive, this could have a positive effect on the currency. However, the Swiss franc (CHF) is known as a "safe haven currency," which investors seek in times of economic instability. If there is stability in the global economy, the CHF could weaken as capital shifts to higher yielding assets, including the NZD.
Long
by ForexCompany
1
Notcoin continues to live its own lifeIt is extremely strange that against the background of the growth of bitcoin and, as it were, the start of the altseason, notcoin continues to fall, especially when other coins grow by more than 20% per day. Notcoin lives his life and continues to draw a wedge, which will end in about a week. Against the background of the overall growth, of course, an aggressive bullish upward exit is extremely likely, but I am more surprised not by the lack of growth or disappointment with the coin, but by the strength with which notcoin moves according to its own scenario. Perhaps this independence is a good signal for growth potential. Anyway, it's very interesting to see what happens.
CRYPTO:NOTUSD
by makarov4u