BTCUSDT(H1)
In the lower time frame, 5-wave descending waves have formed
The downward corner pattern is being completed and the price of 19,200 can be considered as the completion range of the corner and corrective wave B.
If the pattern breaks at the end of wave C, the price range is 19,750 to 19,770.
Waveelliot
CADJPY Wave And Trend Analysis and SignalBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
In the financial markets, in the technical analysis of Elliott wave theory and its different styles, it is like the letters of the alphabet to read the price movement on the chart and it helps us a lot to diagnose and predict the future price.
Fibonacci One of the good friends is a bargain and shows us good and useful support and resistance, especially if the combination of all types of Fibonacci expansion and retracement and the formation of a Fibonacci and PRZ range show us useful and interesting return ranges. Where there is potential for price diversion
Trend lines can be a great help to a trader who finds areas with potential for return or indeed resistance and support on the chart. By drawing the rand lines correctly, you will see that the price responds to these areas with surprise.
In general priceaction what dynamic trend lines are statically useful
SLP/USDT strong potential in parallel of AXS (Update)SLP/USDT strong potential in parallel of AXS (Update) - NFT Sector
Smooth Love Potion ( SLP ) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies
SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens
Context:
Regarding the lake of historical data it for now not possible to present picture with a strong conviction - However the few technical elements and wave proportion can already leaning towards an interesting upside potential in parallel of the success on AXIE. The recent bullish price action is reinforcing now a new upside acceleration dynamic (RSI + EMA).
Previous analysis - 10/02/2022 :
Tactical view - 1 to 3 weeks
The fact that 3 key elements ( EMA upside breakout, RSI 50% upside breakout and first Harmonic on 3H basis upside breakout) are already bullish pre-signal allow us to be confortable with a larger rise at least to test 0,0560 (Lin scale) before 0,0910 (Log scale) in order to complete the harmonic auto-similar move (action/reaction). The next target above 0,0910 are more to be consider for a strategic horizon once 0,0910 has been surpassed at least in a weekly close.
Update :
(i) accumulation bullish momentum in dip (area possible 0,0215/0,0150) as been done
(ii) As long as 0,0170 remains a key tactical support valid the market is expecting to raise directly now towards 0,0560 Before 0,0910 (= 3780 ETHUSDT resistance equivalence on current level)
Related analysis (AXS) =>
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