USD CAD Trading IdeaHello traders
Here I expect another wave of impulse to break the top
It may reach the 1.27 Fibonacci level
Waves
ETHUSDT: Leg of Movement Etherum 376$Hello friends . According to the chart we see the three leg of movement so I expected Ethereum touch 376$
AUD/USD Trading Idea Hello, traders
The Impulse wave is upward
The decline is corrective, expect another bullish impulse
XAUUSD Trading IdeaHello traders
Buyers broke the bearish structure and saw sellers' corrective reaction
expect a new High for gold
WAVESUSD: First time above the 1W MA50 in more than 1 year.WAVESUSD crossed above the 1W MA50 for the first time since April 18th 2022. With the 1W time frame turning neutral (RSI = 48.860, MACD = -0.216, ADX = 28.633) this should be treated as a first indication of a long term trend change but will get validated only if the 1W candle is closed above the MA50.
We will go long on that signal and will target the R2 on the long term (TP = 6.55000).
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wavesIt is now in a small resistance zone, if it crosses, it can touch the high resistance range in the medium term. And if it cannot cross, two green numbers will be available in the first step.
📉🌊 Potential Falling Wedge Pattern Formation on $WAVES ChartBINANCE:WAVESUSDT $FallingWedge $PatternFormation $TradingView
Greetings, fellow traders! 👋 I'd like to share an intriguing chart pattern I've identified on the BINANCE:WAVESUSDT chart. It appears that a potential falling wedge pattern is forming, suggesting a possible bullish reversal in the near future. Let's delve into the details!
1️⃣ Falling Wedge Formation: The BINANCE:WAVESUSDT chart displays a sequence of lower highs and lower lows, converging within two trend lines. This pattern closely resembles a falling wedge, characterized by a contracting range. Falling wedges often signify a bullish reversal.
2️⃣ Volume Analysis: Volume analysis is crucial for pattern confirmation. Ideally, we would expect to see diminishing volume as the wedge develops, followed by a surge in volume upon breakout. This could indicate increased buying interest that may potentially propel the price higher.
3️⃣ Resistance and Support Levels: It is essential to monitor the upper resistance trend line and lower support trend line. A breakout above the resistance line, accompanied by notable volume, might suggest a bullish breakout. Conversely, a breakdown below the support line could invalidate the pattern.
4️⃣ Price Target and Stop Loss: Should the falling wedge pattern confirm, a common technique to estimate the potential target is to measure the widest part of the wedge and project it from the breakout point. Regarding stop loss placement, it is often advisable to position it below the support line to mitigate potential losses.
Nevertheless, it is important to remember that technical patterns should be used in conjunction with other forms of analysis, such as fundamental research and market sentiment, to make well-informed trading decisions.
To summarize, the BINANCE:WAVESUSDT chart is currently exhibiting a potential falling wedge pattern, indicating a possible bullish reversal on the horizon. Nonetheless, confirmation through a breakout above the upper resistance trend line and a surge in volume is essential. Traders are advised to exercise caution and implement appropriate risk management strategies.
What are your thoughts on this pattern? Share your insights below! Remember to conduct your own analysis and consult with financial professionals before making any investment decisions.
#WAVES #FallingWedge #PatternFormation #BullishReversal #TradingAnalysis #TechnicalAnalysis #Cryptocurrency #TradingView
WAVES Daily In Daily TF WAVES has broken resistance with high volume
Last days the retest was made and not there is no resistance for bulls
Send it!
Buying and Adding to WAVES crypto x2 or x3 potential Very bullish price action in Waves with a nice big 3 candle bullish divergence formation on the weekly charts as shown
🔥 Why I'm Still Bullish: Bitcoin Elliot Waves AnalysisOver the last few months I've made several Bitcoin analyses where I discussed the Elliot waves pattern I discovered. To this day, my prediction of price movement is spot on. With this analysis I wanted to give you all an update on where we are and what we can expect.
Below you find a couple of past analyses in chronological order.
Assuming that BTC will follow my Elliot Waves prediction, there's still more juice left in this run. The fact that we're consolidating (and not reversing) right below the 31k resistance is very bullish in my eyes. Only thing we need now is some kind of catalyst to push us through this massive resistance, be it bullish macro news, ETF approval, or simply a spike on low volatility.
What I'd prefer to see is a strong move through previous local tops (we've bounced off the 31,000 - 31,500 area like 5 times now), and an immediate move to 33,000 to confirm the break out and leave bears in disbelief.
My target area for this year remains the same: 36,500 - 40,000. Would be very surprised if BTC manages to break through 40k this year. But hey, anything is possible.
To invalidate this analysis I have to see a move below 25,200 (dotted purple support) before confirming a break out through 31k.
Are you bullish or bearish? Tell us why in the comments 🙏
🔥 The Market Will NEVER Expect This: Bitcoin Elliot WavesIn this analysis I want to take a look at a highly unexpected bullish outcome for the market: Bitcoin's 2022 bear market was nothing more than a corrective Elliot wave, and that we're about to see a new all-time high in the near future.
Not sure when BTC will top or how high it will go, but 100k seems like a decent target for somewhere in 2024.
I'm sure that this is one of the least expected market outcomes in people's minds, since most of us (including myself) think that crypto will rise again after the halving. However, the stock market is booming currently, and new all-time highs are not far-fetched at all. If stocks can make new highs, why can't Bitcoin?
If this pattern plays out, expect a long bear market, 2 or more years at least.
Know that this is not my most likely scenario. It's highly unexpected, and also highly unlikely because of the inflation/interest rate driven macro. Still, it's a view that deserves a look.
Share your thoughts in the comments!
EUR /JPY AnalysisHello traders
The trend is up and the price is falling with a correction, so we expect the upward trend to continue
Hellena | EUR/GBP (4H): Long to 50% Fibo lvlDear colleagues, the price is currently in a strong resistance area. I believe that the price will move up for a correction and reach the 50% Fibonacci retracement level (0.85952)
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Hellena | USDCAD (4H): Short to supportDear colleagues, the price is in a downtrend. I anticipate that the price will reach the Low (1.31203) level, after which I will look for long positions!
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Matic/Usdt Update Hello traders
In the previous post, the matic shared an opportunity to sell at 4H POI
Indeed, the price fell from it, but extracted the liquidity and continued to rise
Now, if it breaks 0.6800 with the body of a candle, we will look for buying opportunities to target the Swing High
EUR/Usd Wave and Price action Analysis Hello traders
We have an expanded flat correction
Another wave of impulse began with increasing momentum
This indicates that the price is heading to break the bottom
wqavesBINANCE:WAVESUSDT waves buy. you can check this possiotion yourself and if you agree you can take it. this is a guide for users.
Anticipating a Significant Drop After One WeekDear Traders,
I regret to inform you that the last wave of #CHFJPY still needs to be completed. Based on my analysis, I expect this completion to occur around the range of 163.9 to 164.4.
To mitigate potential risks, I highly recommend taking some hedge positions for your sell positions. It is advisable to allocate at least half of your lot size for these hedge positions. Additionally, please ensure that you set your take profit level at 163.9 and place a stop loss at your entry point.
I have provided a rough map indicating possible future movements. While it may not be entirely accurate, it can give you an idea of suitable points to consider initiating hedge positions and setting take profit levels.
For the upcoming week, it is crucial to prioritize account safety and remain cautious. A significant downward bearish trend is anticipated to commence soon.
To assess the future profit potential, I suggest monitoring # OANDA:XAUJPY and # $OANDA:XAUCHF. #XAUJPY has already reached the end of wave 5 in the bullish market, while #XAUCHF is poised to experience wave 5 in the uptrend. Consequently, these indications strongly suggest that JPY will likely gain strength in the near future. By employing hedge positions, you can safeguard your account during this period.
Wishing you a safe week ahead, with the anticipation of substantial profits to come.
Best regards,
XAUUSD trading Idea Hello Traders
In today's session, I watch gold for a buying opportunity, if it gets confirmation that the trade will be executed
Target Buy side Liquidity
waves analysis (15M)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the WAVES symbol.
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
Nifty forming ALT SharkNifty made new high as i said in my group on may 17, Now its time for a pullback. expecting it to hit 19087-103
It will become weak if it break 18592, targets on chart
🔥 WAVES Perfect Fibonacci ReversalWAVES saw a massive pump last week, which has been faded over the last few days. As seen on the chart, the 0.618 Fibonacci retracement seems to hold as support. The 0.618 Fibonacci retracement is often a very interesting area where buyers tend to put their orders after a big pump.
Stop under the recent low, target at the most recent local top.
