ETH seems to have reached Wave C correction. Also bounced from trendline support. Opportunity to re-long ETH with 1st target around 4500.
Several short signals to be seen on LUNA. LUNA recently has an insane rally towards a local top at around 77. It forms double top at 77, and also break important support at around 66, leaving a broken H&S pattern. A further correction is expected for LUNA as a short opportunity. Short around 66 with a target of 60.
ETH has been able to get back above its major resistance. Retest has been done and strong bounce are witnessed. Daily candle still also close above previous lows. ETH/BTC pair is also bullish. ETH might be able to continue its way to the upside. Targets at 4300, 4700, last target at 8000.
Elliot Correction ABC has probably ended with 1:1 ratio between wave A & C. Bounce seen at around 4300 (lower descending channel). SL at 4280 and can aim higher for ETH.
ETHUSDT made a swing failure pattern at 3920 and possible double bottom. Expect ETH to rise with target at 4700 and SL below 3950.
BTCUSDT is expected to claim its 60k price, with 64k as first price target. On lower time frame, golden fibonacci ratio has been tested with nice swing failure pattern. BTC broke its major support but is unable to create lower low from the previous 56k low. It is also able to regain its momentum with a nice pump. I expect BTC to get back above major resistance...
Long Idea for FTM. Lower timeframe indicates golden fibonacci retracement, and break of descending channel. Higher timeframe indicates FTM have reached previous ATH support and golden fibonacci, which may lead FTM to break new high. Target short-term = $2.7 Target long-term = $4.5 (1.618 fib extension)
ADA has made AB=CD and bounce at around $1.67. Lower timeframe indicates swing failure pattern. Long-term investment with long term target $3.5, $7
Double bottom, Web 3.0, Resistance & Support, Possible Harmonic Pattern
Golden Fibonnaci, Swing Failure Pattern, RSI oversold, Longer-time H&S pattern, Support Area, Long Opportunity.
REEF has broken the Falling Wedge Structure Pattern. Expecting the first target to be around 0.05 and aiming for higher!
XAUUSD several times failed to close above the trend line and started bearish movement afterwards. At lower timeframe, it shows H&S pattern which makes it vulnerable to drop. Thus, we can use this opportunity to short XAUUSD with the target of around 1650.
The 4H candle shows that EURUSD is not able to maintain above 1.079. Wait for a few closing candles and we can short EURUSD with the target of 1.053
Strong resistance at 1460, it could be the end of Wave A. Buy now and aim around 1600 for Wave B, then sell and aim around 1320 for the final Wave C.
1.19 that previously was a strong support now has become a strong resistance. RSI now is also oversold which makes it vulnerable to pullback. Therefore, the plan is to open short position if the price touch around 1.19 and aim for 1.14 and lower.
Strong resistance, high risk-reward ratio, H&S Pattern almost complete