As we see Ethereum already broke the downtrend channel with the long third wave he made, I think now the fourth wave will take us to retest the support line between 1375$ to 1490$, and then the up trend continues to complete the 5 Elliot waves.
As we saw days ago Bitcoin broke an important long resistance (from September) which is at the same time a neckline break for double bottom pattern, this turned the trend to bullish , at least for the short term. what we are seeing now is a pullback visit to the support level. Bitcoin has to stay above it to confirm the continuation of the uptrend.
Ethereum now is facing a strong support , I don't think wave 4 going to break it at the moment unless we see a really bad news in 2-Nov , most likely for me we going to see wave 5 starting from here to close the full cup at 1791$-1800$ Goodluck !
Enough with the correction that gold already made, I see it an excellent opportunity to buy gold in this area, I see gold will return to 1900$ soon enough. good luck
In condition Bitcoin breaks 25,000 and stays above it ! if it doesn't happen then say hi to the real bear market.
since the gold broke the weekly down trend his movement is clear, 50$ up then sideways channel break again and another 50$ up, can we see him do it again? can gold break the 1845$ resistance line and make it reach 1890-1895$? I think he will, but first, let's wait for him to break the sideways channel again. Goodluck.
As we reached all my uptrend targets on gold in my last ideas, (you can check it) now it's time for some correction.. I don't see gold breaks 1900 this time (maybe later) , there is a strong resistance line at 1895$ which is at the same time level 0.618 at Fibonacci. it's time for some short trades to visit the areas 1845 1850, which is there gold has to make a...
After reaching our last idea target 1820$, now it's time to rest a little bit I think before the continuation of the flight. 1850 will be our next target, but before that maybe gold will visit 1790 - 1800 areas where we have a strong support line there, and maybe he still has the power to continue without any stops, be prepared for the two scenarios, but the...
as we can see after a long downtrend, Gold faced a strong support at Fibonacci level 0.618, now it's time to gain some profits. Gold in his way to say Hi to level 0.50 at price 1763.12$. Order at: 1732.12 TP: 1763 SL: 1715
This month gold has to take his decision that will affect the gold prices for the long term. as we see gold has to break two important strong resistance lines to confirm the uptrend and exit the downtrend channel. for me as I said before I do not see gold below 1675 this year and also we are not going to see gold break new highs, it's a relaxing year for gold, but...
As I said before in my past ideas that we aren't going to see gold below 1670 this year and he will stay between 1670 and 1920 in 2021. now we are waiting to break the downtrend channel and visit the 0.618 Fibonacci level as a first target 1828$. Goodluck
ETHUSD is correcting to visit the long support uptrend line, which is at the same time simultaneously a daily 0.50 Fibonacci level I prefer you guys to wait when the price meets these two lines to enter a long position. good luck :)
XRPUSD (Ripple) Trade plan. I think Ripple will break the all-time high this year, what do you think about XRP guys, happy to hear your thoughts in the comments..
As we can see Bitcoin already touched the uptrend support line which is at the same time the 0.50 Fibonacci level. also yesterday's candle was a Hammer, and as we know a Hammer candle means 90% of the time that the correction ends and the market will return to the bullish side again, (Long positions are increasing) so we have 3 signs here are saying that's it's...
It is a very good opportunity for those who want to buy gold and keep it for 1 or 2 years minimum. but for those who are daily trade as I said before, I don't think gold will fall hard, I think 2021 will be a relaxing year for gold on average prices 1680-1900 no less and no more, 2022 we will see gold reaching new targets.
I don't know why is everyone thinking the gold will go down and visit 1625,1600,1550 areas! all the fundamental news and technical analysis say the opposite, gold will continue to grow, and stop looking on the daily downtrend chart, it's finished now, you must take a look at the monthly and weekly chart, gold already touched the weekly \ monthly uptrend support...
Waiting for gold to breakout level 38.2 to buy, TP at level 50 price 1916$. DON'T BUY IF GOLD DID NOT BREAK LEVEL 38.2