✅As I expected in the previous post , PEPE was corrected by more than ➖50% . 🌊According to the theory of Elliott waves , PEPE is completing the main wave 5 , and most likely, wave 5 is a truncation type . 📚 A truncation is the fifth wave in an impulsive pattern that fails to exceed the price extreme of the third wave. It suggests underlying strength or...
FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
AUD/JPY selling zone for the AUD/JPY currency pair is identified at 102.521. This suggests an opportune moment for traders to consider selling the pair. To maximize potential gains, take-profit levels are advised at 102.000, 101.500, and 101.000, each serving as strategic points to secure profits as the price declines. Meanwhile, to mitigate potential losses, a...
The current selling zone for ETH/USDT is at $2982.00. It's an opportune moment to consider profit-taking strategies, with potential levels at $2914, $2880, and $2800. These levels offer strategic exit points to capitalize on market movements. However, it's crucial to implement risk management, with a stop loss set at $3089 to mitigate potential losses in case the...
🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
the USDCAD currency pair is presenting a selling opportunity at the price level of 1.37251. This means traders might consider initiating a sell position at this price point. To optimize potential gains and manage risk effectively, traders could set multiple take profit targets. These targets are identified at 1.37000, 1.36600, and 1.36400 respectively, indicating...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
CRV seems to be at the end of a big correction. This correction on the chart started from where we placed a red arrow. It seems that this modification was a diametric one. Now the last wave of this diametric, the G wave is ending. By maintaining the green range, it is expected to move towards the targets. Closing a daily candle below the invalidation level will...
Dear Respected Traders, we hope this communication finds you well. we are convening a discussion focused on #PERPUSDT The Bullish Pennant Pattern is Formed ✅ Now it's Ready to Break the Pattern ✅ In Case of Successful Breakout ✅ Expecting a Bullish Move of 50% in Coming Days 🚀 #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS...
Today when US markets open I am planning on taking a large swing put position in NVDA with various deep OTM strikes. Here's the complete case for a NVDA top having been made and the start of a massive mean reversion. For a while I've had the 1,000 area marked out as an important level for NVDA. Not based on it being a psychological level (Tbh, I feel they...
🚨GBPUSD: What's Next? BOE leaves policy rate unchanged at 5.25% 🚨BoE left the policy rate unchanged at 5.25% as widely expected The price is also facing strong support near 1.2450. How can the price react in this area? Be careful as GBP can get stronger when you least expect it. It reacted lower before the opening of the BOE meeting, but it is not necessary to...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Highlights : GOLD METAL Prediction : BEARISH Longevity : 7 weeks Targets : PSTG 1 & 2 Rejection Zone hit : 100% Retest and hit more than two times Current Situation: Waiting for PSTG 1 & 2 to be hit, then, again, waiting for the pattern to be complete.
FX:NZDUSD is entering the consolidation phase after breaking the local trend resistance. On D1 the price enters a new range and on H1 a golden cross is formed. The dollar is standing still and losing positions since the opening of the session on the background of negative news. This is generally favorable for the currency pair. In this case, a retest of the...
Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. MATIC BULLS TO TAKE OVER. 📚 👉As we can see price was overall bearish making clean lower lows and lower highs, Moreover, and recently price got stuck inside this range, where the price is sitting around our support...
Explanation: This is a very useful trading system. This means that you should not take a trade blindly, but rather that there is another confirmation to take the trade you can use this for perfect entry and perfect exit This trading opportunity is based on volume, previous price, and price range , are included Entry/Exit point's: - It has very easy entry and...
The rise and fall of GameStop's stock in 2021 became a landmark event in financial history, captured in the recent film "Dumb Money." This saga, fueled by unprecedented social media buzz and retail investor sentiment, culminated in a historic short squeeze and raised critical questions about market access and regulatory oversight. The Spark: A Sentiment-Driven...