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Bullishsetup

EURUSD Is Making A Higher Degree CorrectionEURUSD reversed sharply to the downside in the last few weeks as USD turns up across the board after new global inflation worries. So far we can see a nice and strong decline on the EURUSD, which for now is still in the making and can be even deeper in three legs (A)-(B)-(C). We still think that pair can complete a higher degree of correction around 38,2% Fibonacci retracement and 1.0480 level or even deeper around 50%-61,8% Fibo and 1.03 - 1.02 support zone.
by ew-forecast
Its More Straight-Forward Than You ThinkThis is an Update to my previous SPY idea - same target/time to target, just more simplified. After the last 2 weeks there is a lot of bearish sentiment but its really just finding support at wave 4 of a leading diagonal. The initial target is 408 in the next week or 2, and then goal target is 425-432 by late March-Early April. The symmetry in the waves indicates this is a leading diagonal (or bearish wolfe wave that is about to complete the final wave). Either way its still bullish near-term. After 425-432 there will be significant downside risk, but for now expect a nice rally through March. We are in the bounce zone, there is still risk to 388-391 early this week, but if any of the following occur we won't see the 388-391: - retest and hold 393 - close above 397.92 - Intraday breach of 401.42 (above 401.42 it will turn into explosive upside)
AMEX:SPYLong
by JerryManders
11
Solana Is Forming A Bullish SetupSolana with ticker SOLUSD made strong rise from the lows, which is first leg (A)/(1) of a minium three-wave recovery. So we are now tracking a corrective pullback in (B)/(2), which looks like an A-B-C flat correction that can find the support here in the 19-15 area. A bounce and recovery back above 27 region would be definitely indication that higher degree wave (C)/(3) is underway, at least towards 38 - 40 area for (C) or higher for wave (3). In case of deeper and more complex correction, keep in mind that we remain bullish as long as it's above 8 invalidation level.
BINANCE:SOLUSDLong
by ew-forecast
ETCUSD Is Moving Into A Support AreaETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. A five-wave recovery indicates a change in the trend from Elliott wave perspective, so be aware of more upside in March. We can see that price is currently nicely slowing down, making a three-wave (A)-(B)-(C) correction for wave 2 after we noticed a five-wave rally into wave 1 from the previous lows. So, keep an eye on strong support here around 19-17 area, from where we expect a bullish continuation above 25.10 while price is above 14.80 low. So as long this level is not breached we expect a new turn up. I hope to see you in webinar today here on tradingview. Link can be find below.
BITFINEX:ETCUSDLong
by ew-forecast
9
THE BULLS ARE BACK!! 2K PUSHIf we Look left we can see previous price action creating Lower highs and lower lows, but with most recent buyers/bulls entering the market at 1180 which ignited this bull run price is on now. We broke the downward trend that I believe was the retracement from Ethereums ATH. Most recent price broke above a key level @ 1675 (Daily & 4h confluence of this area), Price found new support at this level and failed to break back below this area. With that newly found support I believe that will give price the push it needs to make new Higher Highs and move up past the 1780 area. My overall Target area is 1985-2k. I made a little under 10k on the first push from 1180 to my TP @ 1490.
COINBASE:ETHUSDLong
by Market-Robberz
AUD/JPY: bullish setup to $95.40 JPYIn this analysis, I see a potential long position in AUD. What I believe that based in the fundamental news, Japan has some bad news that I will share you more later what I read. But I iwll focus on technical analysis here: In Daily timeframe, we see a AUD so bullish that could to continue in this way to my forecast, what break out this bearish trend line and RSI in Daily look strenght that may have demand in AUD. in H4 timeframe, AUD/JPY forming a bullish channel, what based in price action, look bullish and I'm very focus in this analysis here. And also, in H1 timeframe look bullish. We see an ABCD pattern formed and we could to see a potential upside. Also to know, in H4 timeframe the price it's resting the EMA 200 like support and watching the grey zone over the EMA 200 work as support too combining those analysis. Now, I'm bearish in JPY as there're some bad news in the Bank of Japan that you must to read, but more later I will share that. And in some hours, we have our big event about Reserve Bank of Ausralia Interest Rate Decision what I hope that become bullish That it's all!!! I enter in $91.27 JPY. Stop Loss in $90.04 JPY and take profit to $95.40 JPY Good luck
Long
by harisonhbn9718
15