Aurora ACB is continuing within a 5 wave Elliot structure, repeating its performance from August to October 18 highs. We are currently in Wave 2 down to the .618 Fib level, before continuing the rally in wave 3. Indicators are as well showing the same signals as in the previous rally (pink circles). Buy levels around 5.60-5.80 USD
1h Chart: H&S pattern, touched the neckline -> Sell signal Clear bearish RSI divergence on most recent tops Bearish crossover on MACD Broke down below 100 and 200 MA Target 1 - 116-118 USD
Hi everyone, it seems like Augur is ready for Wave 3 of the current uptrend. Veil mainnet has launched and the platform is growing a remarkable userbase according to crypto media. Looking at the 4h chart, wave 1 is a beautiful example of a perfect Elliot 5 Wave structure, respecting the Fib levels to perfection. Now that the whole structure (Orange wave 1) has...
As you can see, most of TSLAs price jumps to either side were accompanied by either an inverted or a classic Head and Shoulders pattern. Currently, after bad news from Mr. Musk himself about cutting jobs and facing a "tough time" for Tesla, the stock is on its way to complete the right shoulder a huge H&S pattern, which might even lead the price below the channel...
Interesting setup developing on AMZN chart. We can see an inverse H&S near completion. In this case, the neckline corresponds with the 200 MA and Q4 earnings date on January 31st. Strong holiday business + black friday sale could possibly lead to a positive surprise and add to the positive momentum, confirming a sustained trend reversal. Let's see how this plays...
Classic Elliot 5 Wave idea, which might lead BTC to retest the resistance in the 4100 area. The 4h chart is currently showing strength, supporting a possible push to 3800 as wave 3 of the structure: - 4 green candle closes in a row - RSI bullish divergence in the making, depending on next close - RSI has broken through persisting downtrend line - MACD supporting...
Good morning everyone, BTC forming a beautiful bear flag within the shown range. Just while I was writing this, it attempted another break out to the upside, which was however brutally sold off around 3675, indicating the high selling pressure. Unless some unexpected move happens, I see it testing at 3450 in the very short term. The thing we have to keep in mind...
Hi everyone, 5 wave structure indicating a target at around 170, if overhead resistance at 160 can be broken. For now, price on the 1h chart bounced off of support level and 200 MA, which indicates an impending move. MACD signaling a bullish crossover. RSI looking healthy recently, seems to have overcome bearish divergence on recent tops. Even though at the...