HydraFinance

HydraFinance

Ethereum is looking extremely bullish lately. It has failed to keep up with Bitcoin's moves, which have experienced a series of record all-time highs bit this is about to change soon. The pattern has cleared enough and we look to be moving into a fifth wave, of an overall third wave. Third waves usually record the highest volume and the longest travel on most...

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Looking at the way the price structured the pattern. I lean hard into it moving down into the second swing. We are at the end of sub-wave two of the ongoing second swing at this juncture. Just by logic having wave two end means we are moving into a third wave territory. Third waves are, in most cases, the best and most aggressive move to trade in. Thus the high at...

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We have seen the price close the day under the daily trendline trailing the lows of the uptrend for over two years. We have a view in mind to expect this decline and this only adds solidity on to that scenario. Further and way more interesting is that in the current point we stand in the price, it seems as if we are about to see a third wave move down which...

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Even though the price traded slightly higher than the closing price on Friday, we did not see it make another high. Instead, it has started its descent into forming what I expect will be a more moderate retracement before we continue the upward trajectory. The first swing down, just on the look of it, seems to be at or close to completion. Assuming this is true,...

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We have experienced a nearly uncontested rise in the price of NVIDIA stock for over two years at the current movement(since October 2022), from which it has soared almost 15x what its price was at this bottom. Now the key question is, can I identify a clear wave pattern? The answer is yes. We have a very clear five waves up in an impulse waveform. The completion...

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The structure at the beginning of the fifth wave we are following was a bit difficult to make out at first but as we got more data it all indicates that we are having a third wave extension within the bigger fifth wave. Assuming I am right about the above reading, I expect the market to rally on Sundays open, again establishing an all-time high and turning...

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I identify a clear double ZZ(zigzag) pattern rising from the low made on November 22 of this year. There are multiple reasons to believe the move is over we are in for a downtrend. From a momentum standpoint, we can see that the second swing-up in this move failed to exceed or even match the one of the first. The slope of the second swing is also more slanted to...

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The big insight I want to paint with this image, more than looking at the immediate move down, is about the huge move that Im anticipating in the coming months for the Euro against the US dollar. A bit to early I would say to start building a position on the long side but something to keep in mind. Will update you on the immediate move next, lowering down to the...

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Had anticipated the price to clear the 100K mark. Although it has found it difficult staying above said level I do expect this to be just a transitory resistance. Given the pattern that we are trailing, wave 3 seems to have some incomplete moves to the upside still. Wave four has not been confirmed yet, thus we could see a sideways move to consume more time...

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As Bitcoin approaches the crest of its third wave, nearing the 100K mark, emotions surrounding the crypto king have been overwhelmingly positive. This sentiment is to be expected, especially given the current cycle and the position we find ourselves in. The fourth wave was a bit cheeky since it has what we can call, an unorthodox bottom, given that the actual end...

HydraFinance Updated 

A couple of weeks ago, as the Crypto King slid down the slope of investor hope breaking below the 17k price level, it was interesting to see as its sibling in many ways, Ethereum, failed to make a new low to accompany it. This must not be too unsettling as the corrective pattern Bitcoin was exhibiting was largely unresolved, standing in stark contrast to Ethereums...

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We have sufficient evidence to point to the last corrective phase ending and hence in motion to its next impulsive/trending phase. ATH currently stands at around 4850, with our current price at around 3500, we have to see it earn a third of its value by the end of this impulsive trend. It is interesting to note the correction rebounded right on the 50% Fib...

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For a long time, I maintained a scenario for the Mexican Peso that envisioned a bounce down all the way down to the mid-16s a view that seemed less than likely a few years ago with the Dollar hitting an all-time high at nearly 26 pesos per unit. Sadly I didn't hold strong enough conviction on the move happening to see it all way through, throwing the towel just in...

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We can see a motive wave in progress making steady progress up. We have a bit of factors that could confuse the novice in wave analysis since the flat that comes as the 4th wave of our impulse displayed an unorthodox top as wave B (2150) of said flat. Ultimately the pattern looks very mature at this stage, thus Im expecting a break above the whole pattern...

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We have a 123 pattern on the smaller timeframes of the pair. The third move of the pattern displayed some unanticipated strength which throws a bit of doubt on the conviction of this idea. For this purpose, I've set the entry a few pips below the price it closed on Friday to actually get the price to compromise on the move down by going through one of the previous...

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I can see what resembles an inverted Head and Shoulders pattern right at the recent top. Even more interesting is that the right shoulder, which is a bit higher than the right shoulder although both bottomed at around the same price, has been made as an 18-day channel as of this publication. The channel composing the right shoulder isn't completed yet and I do see...

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I was amazed to see the recovery the peso had built over the year, it has me honestly surprised, especially knowing the wasteland that is the administration of the Mexican Government funds and budgeting. Regardless, if there is a maxim in trading, it is that price is king, and given the structure, we can appreciate, it all seems to indicate bears are about to take...

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There's been an extended drop in price all the way since the highs in early November. It seems we've touched bottom establishing resistance at 0.9060. This level should absolutely hold for this scenario that I'm looking to play out. That being said, I can perfectly see the price surrendering last week's rally in its entirety before turning around again and really...