Mcenzy

Mcenzy

Elliott Wave Structure: The price appears to be completing a 5-wave corrective structure, with wave (5) targeting the 1.618 extension of the previous wave (approximately 0.8769). This indicates a continuation of the bearish trend until wave (5) concludes. Fibonacci Levels: Key retracement zones between 0.9043 (61.8%), 0.9014 (50%), and 0.8985 (38.2%) have acted...

Mcenzy

Ethereum Classic (ETC/USD) is at a pivotal moment, with the potential for significant movement in either direction based on current technical patterns. Here's a detailed outlook: Key Scenarios: Bullish Case: The price is forming higher highs and higher lows, indicating an emerging bullish structure. A breakout above $77.45 (Fibonacci resistance) could signal a...

Mcenzy

Bitcoin (BTC/USD) is currently trading at a critical inflection zone, where price action indicates potential for significant movement in either direction. Utilizing Fibonacci levels, regression channels, and the high-low structures from the charts, here is a combined analysis for both short-term and long-term scenarios. Critical Zone: Decision Point The price is...

Mcenzy

Gold (CFD) is showing clear signs of weakening momentum, with a series of lower highs and a failure to reclaim key resistance levels. The price is approaching critical support and is projected to drop further toward $2,487, aligning with strong bearish momentum. The rejection from the Ichimoku cloud and volume profile thinning below $2,600 reinforces the downside...

Mcenzy

Honeywell International Inc. (HON) shows strong bullish momentum, with higher highs and higher lows confirming a continued uptrend. The price is on track to reach the critical resistance level at $253.76, representing a potential 12% upside from current levels. Each pullback has been met with strong buyer support, keeping the bullish structure intact. With...

Mcenzy

Chubb Limited (CB) is showing clear signs of bearish momentum, with repeated lower highs and lows signaling potential further downside. The rejection at recent highs and a lack of buying strength suggest the price could break lower, targeting the critical support level at $244.94. The Ichimoku Cloud confirms bearish dominance, making this a key level to watch. A...

Mcenzy

🔥 🚀Long Term 🚀 🔥 📈 Technical Overview: Descending Wedge Breakout: MANA has invalidated its long-term bearish structure, surging past key resistance zones. 📉➡️📈 Higher High Formations: Consecutive HH patterns confirm bullish market sentiment and upward momentum. 🚀 Key Resistance Target: Next significant level lies at $1.938, aligning with historical Fib...

Mcenzy

Alibaba Group Holdings Ltd. (BABA) displays a bullish recovery setup, with the price targeting the critical resistance level at $134.06, as indicated by the projection arrow. The strong accumulation zone between $85 and $105, highlighted by the volume profile, suggests significant buyer interest in this range, forming a solid base for the upward move. The recent...

Mcenzy

Blackstone Inc. (BX) highlights a strong bullish structure, with the price targeting the key resistance zone at $256.10, as indicated by the arrow projection. The significant volume accumulation in the range of $90-$150, shown in the volume profile on the right, suggests robust buying interest and a strong foundation for the upward trend. The price is maintaining...

Mcenzy Updated 

BTC broke above the white line resistance on its 4-day chart, showing bullish momentum. The volume profile supports this breakout, but the price has recently consolidated around support levels. The next target is around 30K, but caution is advised due to BTC's high volatility.

Mcenzy

The EURUSD price has breached the critical support level of 1.06263, with volume profile confirmation indicating a potential downward trend towards 1.02570. As EURUSD is typically associated with the stock market and the USD value, this development may result in a decline in the SPY index.

Mcenzy Updated 

Price dropped below the Support line ( which was validated by volume profile ), it expected to drop and touch 1460, about 8%

Mcenzy Updated 

Price dropped bellow the support line of 22800 (validated by vol profile) , and now retest the resistant black line, Expected to drop to 21200-21300.

Mcenzy Updated 

In phase D of the Wyckoff scheme. I would buy ONLY after the price passes the High of SOW. The TP would be based on the volume profile of a higher timeframe. Good luck. -m

Mcenzy

ETCUSD , Passed the oblique resistance and will rally about 12-15% up to 22.60. The volume index supports the breakout.

Mcenzy Updated 

The ETC started its long run, will have retrace to 24.68 then will jump to 27. As shown, the price was closed below the short term trend line. Volume profile supports.

Mcenzy Updated 

Price break the resistance and closed above. Volume profile support the level being correct. Target as shown: 0.87045

Mcenzy Updated 

The price closed below the resistance, the volume profile supports the level being correct. Target: 1.13862