BITCOIN Short term Road Map !!!As you can see, the price has broken out of the wedge, and from now on, the price can drop to the 0.618=67k Fibonacci line. After that, we may see Bitcoin rise again.
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Wedge
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:LINKUSDT is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = $17 Stay tuned for more updates, thanks.
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✅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!!
DOGE To Mars - The Elon RideDOGE got a memorable boost with the previous FOMO.
With the Crypto Markets preparing for the next boom, I think this one will go again.
This dog went to the Moon, now Elon's gonna take it to Mars.
I will not hesitate to get my hands on this Dogecoin at the $0.03-$0.01 range.
DOGEUSD ( DOGEUSDT , DOGEBUSD ) Tech. Analysis:
* Elliott Wave Impulse: Cycle A (white)
* Elliott Wave Correction: Primary A-B-C (red)
* Ending Diagonal: Primary C (red)
* Bullish Divergence
* Demand Zone
* 88.6% Fibonacci Retracement
* 61.8% Fibonacci Extension
* Double Bottom
It might take a while, but it proved to be a nice meme coin.
So, might as well get some if it provides a better level.
Ripple XRP - The Banks Worst Nightmare - Beast ModeRipple ( XRP ) will put the banking system to the test.
Many attempts to shut down this "wonderful" coin have been made.
Still, it's alive, has a pulse, and it's barely getting started for the New Crypto Age.
It will take some time indeed, until it would be implemented in the systems.
All I can say is that, IMO, the Crypto Revolution is inevitable.
Anyway, let's get on with it and have a deeper look at Ripple.
XRP ( XRPUSD , XRPUSDT , XRPBUSD ) Tech. Analysis:
* Elliott Wave A-B-C Pattern: Cycle a-b-c (red)
* Ending Diagonal in Cycle C (red)
* 88.6 Fibonacci Retracement
* Bullish Divergence
* Demand Zone
* Double Bottom
There you have it! A trading set-up.
But where's the level bro?
Oh.. yeah, it's $0.175 .
Good luck you HODLer!
EOS The Ethereum Killer LOL - BUY & HODL EOS was supposed to be the Ethereum killer, LOL.
However, if the Crypto Markets start booming then EOS ( EOSUSDT , EOSUSD ) would triple the ATH.
I've been holding and adding more on the next drop.
A good level IMO is: $0.50 .
My Technicals:
* Elliott Wave A-B-C Pattern
* Cycle Analysis (Early '23)
* Super-Cycle (b) (turquoise) Completion
* Demand Zone @ 0.50 Levels
* Zig-Zag Pattern (Correction)
I am expecting a Crypto Bull Market to start soon.
SOLANA → Resistance retest. Will there be a reaction?BINANCE:SOLUSDT , after a strong growth, bumps into the conglomerate of resistances formed on D1-W1. It can be assumed that there is not enough potential to break through this area at the moment....
There is a clear resistance of the sideways range with gradually narrowing borders on the chart. This is a consolidation, which is most likely not over yet. The market continues to accumulate potential before further strong movement.
The price reacts very aggressively to the resistance of the figure every time: the retest is followed by a strong decline to the lower boundary.
The actual retest ends with a false breakout and the formation of a reversal pattern and the trigger of the 173.00 zone. Accordingly, if the SOL continues to decline, which leads to a breakdown of support, the market may enter a sell-off phase.
Resistance levels: 183.4, 188.3
Support levels: 173.0, 159.1
I don't exclude that on the background of bitcoin's active growth SOL may make another attempt of a bull run, for example, to 188.4-188.3. But liquidity formed above this zone will not let the price up the first time.
At the moment the focus is on 173.0. A breakdown and consolidation below this area will activate a sell-off...
Rate, share your opinion and questions, let's discuss what's going on with ★
BINANCE:SOLUSD ;)
Regards R. Linda!
Dogecoin Primed For Liftoff?! Here I have COINBASE:DOGEUSD on Daily & 1Hr Chart!
A lot of Bullish signs are popping up on all Time-Frames for $DOGEUSD! Let's lay it out:
Daily Chart-
*Price made its Lowest Low @ .0805
*Price has created a Bullish Divergence on the RSI when price was able to make a Higher High @ .1321, disrupting the Downtrend Pattern.
*Fib Retracement Tool from the Lowest Low to Higher High places the Golden Ratio Zone @ ( .1033 - .1002 ) where Price has already Retraced to and is showing Exhaustion from the Bears!
1Hr Chart-
*Zooming into the Golden Ratio Zone, we see Price is exhibiting signs of a Bullish Wedge, potentially in the Reversal Variation!
*Lower Lows on Price creating Bullish Divergence with Higher Lows on RSI
I suspect we will see Price give us a Bullish Break to this Wedge and continue creating Higher Highs/Higher Lows continuing the Uptrend which will then contend with the Resistance Levels:
( .1355 - .1440 )
( .1700 - .1800 )
( .1990 - .2200 )
**If Price gives us a Bearish Break to the Wedge, Be Vigilant to False Breaks testing the .09 cent Support Level & Rising Support
Internet Computer (ICP) 50% crash incoming.... On the above chart price action has been trading sideways since June. Recent developments suggest a bearish outlook. They include:
1) Price action and RSI support breakdowns.
2) Trend reversal confirmation with double top print.
3) Rising wedge confirmation with 50% correction forecast to $4 area.
Is it possible this is all gibberish and fundamentals don’t care for Technical Analysis? Sure.
Is it probable price action will correct as forecast? Very likely.
Ww
EURAUD: Bearish Setup Explained 🇪🇺 🇦🇺
EURAUD leaves multiple bearish clues after a test of a key daily resistance.
The price violated a support line of a rising wedge pattern
and formed a double top on an hourly.
With a high probability, we will see a retracement to 1.642525
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Danimer Scientific, Inc.On the above 10 day chart price action on this penny stock has corrected 98% since February 2021. A number of reasons now exist to consider a long position. They include:
1) Price action and RSI resistance breakouts.
2) Past resistance confirms support. (yellow arrows).
3) Regular bullish divergence. Multiple oscillators print positive divergence with price action as measured over 6 months.
4) The falling wedge formation forecasts a 8000% move as measured from the highest to the lowest wedge touch points.
5) No share splits. True.
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: <= 3%
Timeframe for long: Qrt 2, 2024
Return: 8000%
Stop loss: 55 cents
BITCOIN - Price can bounce from support area to $73800 pointsHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price rose inside rising channel, where it broke $61100 level and then reached resistance line of channel.
Then price continued to grow near this line, after it reached $66350 points, price turned around and started to decline.
In a short time, BTC exited from channel, fell to support area, and started trades inside wedge.
In wedge, price fell to support line, after which made upward impulse to $69000 level, made correction, and continued to grow.
Soon, price broke $69000 level and reached resistance line of wedge, but recently fell to one more support area.
Possibly, BTC can bounce up from support area to $73800 resistance line of wedge.
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ETHEREUM → Price can't break the bearish trend. False breakoutBINANCE:ETHUSD is facing selloffs. Technically, ETH is showing weakness on the background of growing sales. Any growth attempts are aggressively sold off. The price continues to test the support, which only increases the chances of a breakdown
Accumulation is narrowing. Ethereum is unable to leave the downtrend. The pressure formed by the bears is only getting stronger. Earlier there was a growth attempt, which became unsuccessful, after a false breakdown of the intermediate resistance 2717. The bears did not let anyone near 2817. On the background of yesterday's fall, associated with bitcoin correction in the 67K - 65K zone, the price tested the consolidation support and is forming a false breakdown.
From October 22: BITCOIN → False Breakout & Bearish Engulfment ↓
If the price does not start active growth, but returns to the support and starts to enter the risk zone, it can provoke the activation of orders and a strong impulse to 2100-1900.
Resistance levels: 2562, 2728, 2764
Support levels: 2392, 2318, 2111
It is not excluded that the price may return to the triangle resistance or 2728, but there are no hints for now. Emphasize on 2562 and 2392, two important zones from which a strong fall can be formed
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSDT ;)
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Doesn't look good for TESLATesla has been trading in a massive downtrend. Regardless, there's been many opportunities for nice trades. Unfortunately it's currently in a tight rising wedge and looks like it's coming to the top and also approaching the top the downward resistance line. A drop can make it test $218 1st and break below that might cause a test of .236 fib, $187.
AUDUSD Long- day tradingForgot to post this trade earlier!
FX:AUDUSD
Let's see if it reaches the buy-side liquidity: we've got a W pattern, swing low, FVG, discount array, and buy-side liquidity in play.
Honestly, it looks poised to go higher if today’s level holds; otherwise, more downside ahead. EUR/USD has recovered well, but tomorrow will bring a new challenge.
RXRX - BIOTECH SQUEEZE PLAY RXRX - Recursion Pharmaceuticals, Inc. is a clinical-stage biotechnology company that combines automation, artificial intelligence, machine learning, and in vivo validation capabilities to discover novel medicines.
Consolidating since April, look left and see the explosive moves.
Grab cheap long dated calls and wait for news to come out. Easy R/R. Calls swing 100% on small moves and I've got a good bit cheaply Jan 2025 calls. 9 & 10 dollar strikes.
Huge opportunity here to cash in on any news or favorable Earnings Report in a few days.
Short squeeze targets 10-12 dollars, manage your own risk. Will be dumping calls on impulsive move.
$6 looks to be a strong bottom here, under that for any time other than a flash sale, this trade is invalid, and I won't be holding any calls.
NOT INVESTMENT ADVICE. TRADE YOUR PLAN!
AudJpy- Good shorting opportunity of 500 pipsAfter an upward reversal in early August and a higher low in mid-September, AUD/JPY continued climbing to reach a local high around 102.
However, the pair has since stalled in this area, entering what appears to be a distribution phase. Currently, it seems to be testing a critical support level around 100.
A successful break below this level could signal an accelerated downward move.
A medium-term target for this decline is around 95, with an interim support level at 98—an attractive target for traders who are not so patient.
SPY 600+?According to Elliot Wave Theory, Chart Patterns, and Analysis of the option chains, SPY could potentially reach 600+ before long.
Looking at Elliot Wave Theory:
Currently price is in Wave #4. In EW, Wave #4 characteristics are opposite of Wave #2. Wave #2 in this cycle was short, so expect price to take a little longer to breakout, which brings us to the next observation:
Chart Patterns:
Price is starting to form an expanding descending wedge (or megaphone), a variation of a flag. Generally in these formations, price is volatile and the formation can hold in tact for a decent length of time. That being said, it’s the perfect scenario for a long Wave #4. When price touches the bottom trendline for the third time, look to go long a month out.
Option Chain:
January Contracts - neutral.
November Contracts - bearish (just a hedge for tech earnings)
In the options chain, a neutral or balanced chain means the market is bullish. When an inordinate amount of puts are bought, it generally means institutions are hedging their portfolios when markets turn volatile. (Earnings will definitely do that)
Recap: Looking to go long once this formation breaks upwards for the afore mentioned reasons. If something changes, I’ll update this. (We can’t be married to our opinions)
Ride Wave #5 with me.
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR.
The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth.
If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term.
Resistance levels: 166.06, 166
Support levels: 165.68, 165.14, 164.95
The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;)
Regards R. Linda!
What will happen given the tensions?Gold is currently in a descending wedge and has completed its five upward waves, all indicating a bearish price trend. What further confirms this bearish outlook is the bearish divergence in the MACD. If the signal is followed, we will see a price drop. but Do current tensions in the Middle East allow for it ?
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✅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!!
Frankly, I don't feel like explaining, the chart says it all !!JASMY is forming a falling wedge on Daily timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.027 Stay tuned for more updates, thanks.
✨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!!