NirmataFX

NirmataFX

The Triangle pattern is forming in wave 4 from the first ascending wave of point 3 As you can see in the image, the uptrend is completing in the first ascending wave from point 3, currently, the price is in wave iv of this wave. The triangle pattern is formed and by crossing the price from the range of $ 34,985 we can get the confirmation for the uptrend, and we...

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The first 5 uptrend has ended in the range of 0.098, and also its retracement has finished in the range of 0.02596 with the Diagonal pattern. Currently, the price is in wave iii from point 3 / C, the end of this wave is price area of 0.33., however, it should be noted that, this price is the first target, we can expect a price increase up to 90 cents.

NirmataFX

A: As you can see in the daily chart, there is a very strong uptrend, which has been extended up to the range of $ 411950. In this range, wave III is over and we should wait for the retracement trend of wave IV. Since wave II had a short corrective movement, correction of wave IV could be long and extended up to the range of 0.618 Fibonacci ratio. The drawn trend...

NirmataFX

There are two scenarios for Ethereum, of which both are descending! In the first scenario, which is shown in the 240-minute chart, the uptrend from $ 910.82 to $ 1763 is in 3 waves format, and it is likely that we encounter the Expanded Flat pattern. In this case, with the price crossing the range of $ 1271, we should expect a downtrend below $ 1000, up to the...

NirmataFX

There can be many scenarios for gold One scenario is that the first downtrend has ended in the 240-minute chart and the corrective movement of the price can be in the range of $ 1892, and in continuation the downtrend can be expanded for the range of $ 1645. On the daily chart, we are expecting the downtrend up to the range of $ 1645. ( Daily Chart )

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As you can see in the daily chart, we are waiting for the descending trend up to the range of 1.2039. In the 240-minute chart, wave iii from sub-waves of (iii) has ended in the range of 1.2588, and its correction has ended in the range of 1.2882, the price currently is in the last wave of the downtrend, in wave (iii).

NirmataFX

Let us first point out that the price is forming a Triangular pattern in the weekly chart. The price is currently in wave D of this pattern. (Daily Chart) In the daily chart, the first uptrend (wave A) has ended in the range of 111.68 and the price with the Diagonal pattern has completed the corrective phase of this uptrend in the range of 102.59. By crossing the...

NirmataFX

In the 240-minute chart, the structure of all waves is in triple format, which indicates the end of the existed trend. Previously, there was the possibility, that the Diagonal pattern completing in the range of 1.3736, but with price retracement and the created uptrend, it is possible, this pattern at wave C from point iii forming a Diagonal pattern. According to...

NirmataFX

The wave b has ended in the range of 1.23492 and the first 5 descending waves have ended in the range of 1.1952, there is the possibility that the price enters to the corrective uptrend phase, which can be extended up to the targets of 1.21 to 1.2195. In my opinion, the 1.2267 range is a very important range, and by the price crossing this range, the probability...

NirmataFX

By double-checking the charts of this currency, in the 240-minute time frame, and according to the triple wave structure of the sides, which has been started from the range of 1.2132 and extended up to the range of 1.2155. The scenario of a Triangle pattern is under formation, which is in the 4th wave from the first descending point. By crossing the price from the...

NirmataFX

As you can see in the image, in the 3-day chart, the Diagonal pattern has been completed in the range of 653 and the uptrend has started, this is a very long ascending trend and its initial confirmation is that the price has crossed the range of 4264, which is at the end of the 4th wave.

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The 12-hour chart indicates, how to count waves, where the wave iii from sub-wave 3 has ended, to get the confirmation the price needs to pass the $ 1047 range. In case this level is crossed, the pattern will be confirmed, and again we can expect the targets of $ 800- $ 900 for this currency. In the 240-minute chart, the Divergence is also quite evident.

NirmataFX

It is very likely that the first wave is ending in the range of 1.2053, and its retracement is going to finish in the range of 1.2189. If the price crosses the range of 1.2076, a sharp downtrend in wave 3 will be confirmed.

NirmataFX

In the 240-minute chart, the structure of the downtrend is in triple waves format, which firstly was detected in the form of a Triangle, but after the price development from the range of 30300, the scenario converted to the Double Zigzag pattern. There is another probability for price reduction up to the range of $26800. In any case, while we can’t get the...

NirmataFX

This pattern is almost confirmed in the 240-minute chart in the $ 1874 range, we can get the main confirmation by crossing the price from the range of $ 1832 range. The target of the downtrend is in the range of $ 1736.

NirmataFX

As you can see in the 240-minute chart, the price is in the sub- waves of 3rd wave, the 4th Wave hits to the channel line in the range of $ 17.10 and ends at that area. In my opinion, the target for the uptrend is $ 80 to $ 150, but the initial target is $ 38 to $ 40.

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The last uptrend has ended in the 1.3746 range and the price has started a downtrend, the convergence in the RSI is obvious, by crossing the price from the range of 1.3446 we can get the main confirmation for the decline up to the range of 1.3132. Needless to say, we must note that according to the descending scenario, in the weekly time frame the price reduction...

NirmataFX

In some cases, we cannot detect the main trend clearly. But there are patterns that are helpful, they temporarily show the trend. One of these patterns is Diagonal. As you can see in the image, the Diagonal pattern is formed and we are waiting for the price to increase to the range of 1. 3411. To get the confirmation for the uptrend, the price should cross the...