FX_Academy

FX_Academy

After a big downfall, the price of Wanchain has been correcting in a WXYXZ manner inside an ascending triangle. I am expecting some short-term upside movement to the upper resistance line (purple bold line) at 6348 satoshi level. As the Z wave ends on the triangle resistance, the price is going to go further down and retest the prior low.

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The price of OmiseGO broke out from the falling wedge and is now in an upward trajectory. The first target would be the resistance at 0,236 Fibonacci level which would be 12,12$. The next potential target if the uptrend continues would be at 12,95$ level.

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After the big run up the price of Bitcoin corrected in an ABC manner, after which there's another corrective pattern. At first, it looked like an ABCDE triangle, but after further inspection and counting, I have concluded that this is, in fact, a WXYXZ correction of a smaller degree. It's pretty much the same for the long-term perspective of the price action -...

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The price of Dash has retraced to the starting point of an impulse wave, which discards the possibility that the first upside impulse was a wave 1 from a larger degree, because if that was the case wave 2 couldn't retrace 100% as the price did. So we are seeing another corrective wave and it's likely going to be a Y wave from a WXY correction in the opposite...

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The price of Stellar has been in an ascending triangle. I have labeled two fractals with a rectangle, and if my Elliot wave count is correct we are going to see an impulse wave who's target I've projected using Fibonacci retracement tool and it fits perfectly with the triangle pattern, as the target is sitting on the triangle's resistance line.

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The price of Cardano is in a falling wedge and the price was repealed by its resistance. Since the price has retraced to the inner triangle support line which is still unconfirmed but for now serves as a significant level that should be taken into account, as the price interacted with it 4 times so far. We are soon going to see a break out from either a wedge or a...

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After the price of Ethereum broke out from the ascending triangle on the upside, the upward movement was short lived. I think the price is going to correct in a double three manner and that we are likely going to see two more ABC zigzag corrections. The X wave would, in that case, be a head and waves A (from the second zigzag) and B (from the third) would be shoulders.

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This chart shows a group of mining currencies: Aussie (AUD), South African Rand (ZAR) and Chilean Peso (CLP). These countries produce Gold, Copper further other metals. Using correlations, we can use an asset as a leading indicator of another asset. For example, if ZAR starts a rally, is highly probable that AUD and CLP starts a rally. The same principle would be...

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Deutsche Bank DBK is in the middle of the storm of bad news. The first menace was this Thursday where the Federal Reserve commentary which said that the financial sector in the U.S is "in trouble." This Friday, the Standard & Poor's slashed its credit rating. The agency also questioned the Deutsche Bank's CEO Christian Sewing. Despite this uncertain scenario for...

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I have labeled two similar fractals - yellow triangle which represents the top fractal and the blue triangle which represents the fractal in which is the current price action. Yellow fractal's characteristics are that there's a shart down move followed by a cluster after which the price drops. Blue is a symmetrical triangle in which the price bounces as the price...

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During this year, silver is moving mostly sideways with a bearish bias. The range YTD for the silver is between 16.062 and 17.698; the price is currently is running below the median (placed at 16.878). Our vision is that silver could make a new lower low, probably to the zone between 15.706 to 15.167 from where a new rally could start.

FX_Academy

The price of FunFair is in a symmetrical triangle below the baseline support, from which is likely going to break out on the upside. I have marked a prior situation in which the price went below in baseline support and the current one and they look similar as markets are fractal in nature. I think that the price is going to go upward from here and the first target...

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As we talked in our last Daily Update, after the bullish impulsive move, we expect a flag pattern develop in the common currency before a bullish continuation. Our target forecasted is on the 1.197 zone. Invalidation level is below 1.15205.

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The price of Substratum has found support on the prior range resistance at 5016 satoshi level which is where the uptrend support line (purple line) is. From here I am expecting the price to go back to the resistance zone before it fells back again and exceeds prior lows.

FX_Academy

After the impulse wave ended we are seeing a correction in an ABCDE manner inside a triangle. As the E wave will end on the resistance line, more downside is expected.

FX_Academy

After the price has dropped below the 0.236 Fibonacci retracement level, the price action is forming a symmetrical triangle. In the case of symmetrical triangle price action can breakout from both sides, so there are two potential scenarios. If the price breaks out on the upside I am expecting it to retest resistance at 0,004192 or 0,00445 and then fall back to...

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On the daily chart, as we expected before, the pair had bounced from the ascending trend with engulfing candle along with breaking a descending one. To reach our target at the resistance zone at 0.697-0.702 According to the shaped harmonic pattern (bat), the price is expected to reach the B point at the next resistance zone 0.7155-0.7185 The price may face a...

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On the daily chart, the price had successfully broken the ascending trend from the high of 2017 along with the resistance level to eventually reach the key resistance 95.15 to bounce back from there The price shaped a reversal pattern (wedge) which closed with a break beneath it With forming divergence in RSI, the price is expected to have a correction to the key...