It will fall below 2.63. Profit fall for 3 conservative years. PE at 10.34. Volume drop indicated.
FPMARKETS:XAUUSD Key Observations: Elliott Wave Count: The chart is labeled with Elliott Wave counts, including primary (i, ii, iii, iv, v) and corrective waves (a, b, c). It suggests that a five-wave impulse structure (upward trend) has been completed, followed by a corrective wave sequence (A-B-C). Corrective Structure: The ongoing correction seems to be forming a zigzag (A-B-C). Wave (a) is downward, wave (b) retraces upwards, and wave (c) is expected to continue downward, possibly breaking support levels. Channels: The price action is within a parallel upward channel. This channel might represent the larger trend boundary, with corrective waves testing the lower channel boundary. Moving Average: A moving average (likely the 50-period) is plotted and appears to act as dynamic support/resistance. The price is currently below it, indicating bearish momentum. Support and Resistance Levels: Key support levels are marked at approximately $2,484, $2,363, and $2,320. Resistance is visible at the wave (b) high near $2,680. Projection: The projection for wave (c) suggests a potential decline toward the lower boundary of the channel, aligning with the Fibonacci retracement levels or significant support zones. Analysis: Short-Term Bearish: The corrective wave (c) is likely to extend downward, aiming for support near $2,484–$2,363. Mid-to-Long-Term Bullish: As this is a corrective phase within an upward trend, the longer-term perspective might favor resumption of the bullish trend after wave (c) completes. Key Trading Considerations: Watch for wave (c) completion near support levels for a potential reversal and long entry. A break below the channel’s lower boundary could signal a deeper correction. Monitor price action and volume near the 50-period moving average for shifts in momentum.
Even for the novice analyst, it's hard not to spot and love the primary cup an hand on COIN. I'll spare you any further opinion I might have on crypto since all of my bias is with the technicals. Point and shoot at anything crypto related and set your conditions. This could be the point in time we look at in the next 5-10 years where we say it was the best last time to purchase coins. Refer to the chart for price targets. Technicals look outstanding for continued movement up both short-term and long-term.
https://www.tradingview.com/x/1FWGO3hr/ ? BTCUSD - 15 Minute Chart Analysis: Bullish Momentum Building! ? We are seeing some exciting price action on the BTCUSD 15-minute chart, and the market looks poised for potential gains. With the current uptrend showing strength and key support levels holding, Bitcoin could be gearing up for a target of around 100K. ? Key Highlights: Bullish Sentiment: Bitcoin is maintaining an upward momentum, consistently printing higher highs and higher lows. This signals strong bullish interest in the market. Support Levels: The recent price action suggests that BTC is comfortably holding above crucial support zones, setting up an ideal environment for potential long trades. Potential Target: A breakout above the 100K resistance could open the door for further upside. This area is a critical level to watch for any signs of continuation or reversal. ? Trade Strategy: Long Entry: Consider entering long positions if we see a retracement to near support levels or a confirmed breakout above 100K. Risk Management: Set your stop loss below recent swing lows to protect against any unexpected pullbacks. Target: Aiming for 100K as the initial target. If BTC breaks above this, the next potential resistance could take us higher! ⚡ Indicators to Watch: Keep an eye on the RSI and MACD for confirmation of momentum. A strong RSI reading above 50 and a bullish MACD crossover would further solidify the bullish outlook. ? The key question now is, Will BTC push through the 100K mark and beyond? Stay tuned and ready to act as the market develops! Disclaimer: I am not a financial advisor. Please trade at your own risk and do your own research before making any investment decisions.
I want you to keep and eye on Blackrock etf I had a strong target for wave 5 at 60/61 and you should be looking at MSTR NOT keeping up I warning The game of Musical chairs is down to two chairs . best of trades WAVETIMER
Will it break above the redline or the rising wedge will come in play. A very critical level to watch. NFA.
This is you and this king of the cryptocurrency market
Here EUR/CAD is in accumulation phase in 4H TF, trend line has been broken, box breakout is about to happen and green candle has been closed on EMA.
A few minutes ago, price entered a descending channel and soon broke above the $2,720 level before falling towards the support line. After that, the price rose to the resistance line and then continued to fall until it broke above the $2,610 level and fell to $2,536. Prices then turned around and started rising in pennant, exiting the descending channel and soon breaking above the $2,610 level. Gold then rose to resistance, coinciding with the pennant resistance line, which bounced downwards. Next, the price was corrected to support and traded around it for a while. Currently, XAU is trading around the support line. In my opinion, price can move away from pennant and then rally toward the $2,720 resistance level.
the gold break the support 40% changes yo make money