i have an important support area between 0.040 and 0.019. as long as we stay within that price range over the next weeks, the current bearish movement will remain healthy. i see a possible change in structure from bearish to bullish between december and january. ? first target: 80% ? second target: 132% ? third target: between 240% and 280% this does not include the compounded interest from taking partial profits and reentries within the upward trend.
https://www.tradingview.com/x/jUpshgGj/ Hello,Traders! USD-CAD is trading in a Strong uptrend and the pair made a breakout of The key horizontal level Of 1.4180 and the breakout Is confirmed so we are Bullish biased and we will Be expecting a further Bullish move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
TREND We have very limited data yet. Here is a short term analysis for bullish mode. AB fibo extension (CD) matches with XA fibo 0.886, so it will be the potential resistance. Moving Averages Analysis is on 1H timeframe, so we skip it SUMMARY Based on this analysis, a price action following the blue arrow is probable.
i think there is head and two shoulders now is been created on the 1hr chart as well with the 4hr rejection candle so my wave is the one from 94 k last drop to max peak 1. The wave sequence begins with **Wave 1**, initiating a bullish trend that lifts the price from earlier lows, establishing momentum towards new highs. 2. Following Wave 1, **Wave 2** formed a corrective move, pulling back slightly but holding above the starting level, preserving the bullish outlook. 3. **Wave 3** emerged as the strongest impulsive wave, propelling the price significantly higher with a sustained rally driven by strong demand. 4. After this sharp upward movement, **Wave 4** materialized as a consolidation phase, exhibiting a slower pace and maintaining above critical support levels. 5. The trend culminated in **Wave 5**, peaking at **102,486**, as market optimism reached its height and began to show signs of exhaustion. 6. The market transitioned into a corrective phase with **Wave A**, dropping from the peak of **102,486** to **99,308**, initiating the first leg of the correction. 7. **Wave B** followed, retracing part of the decline to reach **101,380**, a temporary recovery often misinterpreted as a continuation of the uptrend. 8. **Wave C** is now unfolding, projected to complete the correction by potentially targeting key Fibonacci levels below **99,308**, as per the Wave A length. 9. The projected targets for **Wave C** include **98,202** (1.0x Wave A), **96,238** (1.618x Wave A), and **99,414** (0.618x Wave A). 10. The overall wave structure reflects a classic Elliott Wave cycle, combining impulsive and corrective phases. 11. Each phase is driven by shifts in market psychology, with optimism dominating the impulsive waves and fear shaping the corrections. 12. Fibonacci levels have been essential in estimating Wave C's likely endpoint, aligning with historical patterns. 13. If Wave C extends beyond 1.0x Wave A, deeper support near **96,238** could be tested, aligning with prior market lows. 14. On completion of Wave C, the market may look to establish a new trend direction, depending on macroeconomic conditions and market sentiment. 15. The structure showcases Elliott Wave's utility in analyzing Bitcoin's price action, blending technical patterns with market psychology. if you saw my prev idea for the cup and handle was very fast to predict the fall however didt catch the targets right so i wouldnt stick to any of the numbers just and idea and good luck traders love Elliot so much
#ethusdt Will Ethereum reach $4000 again? The trend is upward. Support range 3765 and 3570 The resistance range ahead is 3920 and 4130 If it stabilizes above the 3920 resistance, it can stabilize above $4000
Despite the companies massive value surge over the past couple years, we have been stuck in a horizontal channel for ~6 months. Price has now receded to a supply/demand zone.
Price just formed a broke Above the symmetric triangle. It’s a good indication that buyers are set to pick up the price. It’s a good opportunity to go Long
? Welcome to TradeCityPro! In this analysis, I’m going to review the UNI coin. The Uniswap project is a decentralized exchange (DEX) with one of the highest Total Value Locked (TVL) in DeFi. It has a native token named UNI. ? Daily Timeframe: Breakout of the Key High Wave Cycle Resistance On the daily timeframe, after the price first reached the 14.895 resistance level, it was rejected and entered a downtrend, eventually hitting the 5.591 support with a Selloff candle. ? Once the price reached this support, the market momentum gradually shifted, and after breaking through the 8.403 resistance, momentum turned fully bullish. Even the key resistance of 14.895 was surpassed, pushing the price to the 18.979 zone. ? After initially reaching the 18.979 resistance, the price showed a corrective candle, retracing back to 14.895 as a pullback. Following this, the price rallied again to 18.979, maintaining its upward momentum. ? Throughout this upward movement, the volume has consistently confirmed the trend and shown convergence. Additionally, after breaking 8.403, the RSI oscillator entered the Overbuy zone, indicating the bullish momentum is intact. ? If 18.979 is broken, the major resistance levels to watch are 28.968 and 43.088. While there are additional resistance zones along the way, these two hold greater significance. ? Correction Scenario In the event of a correction, the first significant level is 14.895, which has already acted as a pullback zone once. A deeper correction could see the price revisiting the 8.403 support. ✨ If this level is broken, market momentum will likely turn bearish. In such a case, the 5.591 and 3.857 levels will serve as the final strongholds for UNI. ? Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
HODLING myself accountable this cycle. I believe this is how this cycle will play out with targeted top zone. There will be dips, many dips, a lot of dips infact. Simply buy. Let's see how this plays out.
The European Central Bank cut interest rates and signaled further easing, weakening the Euro. The US Dollar strengthened despite mixed data, supported by global stimulus expectations.