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Alert: Cardano could to form WXY Elliot double combo waveI'm still bullish. So today, Cardano it's up so good that it's mean that Cardano make support above of $1.02 USD key support important and psycological. Many people it's say me that Cardano it's goes to drop, and that not pass has they believe in it. For that, we see that Cardano it's trying to go down to $1.02 USD and included it's touch the $1 dollar exactly, but the price it's go back to up and that was a rejection + manipulation. For that, I don't quit of this long position and I keep in this trade toward the $2 dollar. I entry around of $1.1350 USD in my latest position and my currently position I put another 1,000 Cardano coins contract to long position in my trading. Ok, to enfocous more, in this timeframe H12 hourly, we see that Cardano want to form a bullish pattern knowing WXY Elliot Double Combo Wave, but based in this theory, we would need to know if there's a repeat pattern that we would need to watch, for example, in the first impulse from $0.64 cents to $1.50 USD approximately, it's form an ABCDE Elliot Wave impulse pattern. Now, looking in the chart, the second impulse was a drop from $1.50 USD to $1 dollar approximately, that theory it's so extremely similar that Cardano it's prepared for the next bullish movement. And finally, the third impulse it's my possible prediction that Cardano it's leading to a next impulse toward the $2 dollar very soon. This it's another forecast in Daily and we see so clearly that Cardano up today, but if we see today how the Daily candlestick closed up today, and if the price action it's show us that Cardano it's extremely bullish in Daily timeframe, we are going to know this information to decodify the action of the trend. I like this chart if I make the zoom out in Daily timeframe. using the elliot wave analysis, we could to entry right now in the impulse $5 to complete this cycle toward the $3 dollar in medium term. Now, as we are in the correction that we form the the correction #4 of this elliot wave cycle. And finally, the 3 Daily chart, it's extremely bullish, guys, the option to long Cardano contracts it's very exceptional to get profits in this cryptocurrency so famous into of the crytpocurrency Cardano will be the best crytpocurrency to invest in 2021 adn we're running in this crytptocurrency that it's going to make a big adoption for the world better. Very soon, I going to talk about of Cardano based in their fundamental analyisis, price prediciton, targets, market cap, dominance, bitcoin and Ethereum ratio and much more. Guys, if you found out that this analysis it's very interesting for you, I invite you to share this analysis with others traders, investors, amateurs and someone who need to help this information to trade Cardano.
BINANCE:ADAUSDLong
by harisonhbn9718
3
BTCUSD Falling Wedge Through October 100% to 138.2% TargetsBITSTAMP:BTCUSD I feel Bitcoin will trade within the Falling Wedge Pattern through the month of October, and possibly into early November. The Parallel Channel should act as container until capitulation. Here is what StockCharts . Com has to say about this pattern: The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout occurs. I hold the proposal that Bitcoin can correct to the Fib. Extension Levels between 100%($8,560) - 138.2%($7,558). If BTC breaks past the 161.8% Fibonacci Extension, then perhaps the move should be considered an Impulse Wave, and further drawdown can be possible. In the linked idea below, please review my analysis for the roadmap I've proposed regarding Bitcoin potential patterns playing out, as well targets for WXY correction. Also, If/When Trump wins, the DXY $Index should resume its bearish momentum into 2021. Of course, I may have it all wrong....Let's See! Some Alts may already be signaling possible reversals; OMG, ADA? Then there's THETA, the silent killer, just creeping up!
BITSTAMP:BTCUSD
by TheFreeCryptoPress
7
EURUSD Initial Targets Hit Potential Counter Trend ABCD PatternFX:EURUSD Link to Related Idea Below... Price Low EURUSD: $1.16514 Tested and Held at $1.1652 Locally! As of the moment of publishing EURUSD Price: $1.1673 I break down the target prices for WXY & ABCD Patterns: ABCD(revised) 1.618 Extension Target = $1.16507 (EURUSD Low=1.16514) Fractional miss; Target Considered Hit ! WXY "Y" 100% Extension = $1.16426 (Front Run?) abc of ("X:Y") 138.2% Extension = $1.16462 (Front Run?) AB-CD Counter Trend Potential Targets: 38.2% Retracement = $1.17889 50% Retracement = $1.18314
by TheFreeCryptoPress
2
BTCUSD Long Term Chart Patterns WXY Correction TargetsBITSTAMP:BTCUSD In this video I look at chart pattern possibilities, including the text book break down from the recent Inverse H&S Pattern reaching its target to the tick! This target hit the ATH 50% Fib., to the tick practically! Also, I highlight the potential Inverse Cup & Handle Pattern I'm seeing develop. As of this report $BTC has retraced 50% from swing high($12,473) to the local swing low($9,825.xx). Should BTCUSD retrace past this 50% level(higher), then Inverse Cup & Handle pattern should be considered invalid technically. Anything greater than 50% retrace on handle should nullify this pattern, Inverse or not. If Cup and Handle plays out, a target of roughly $7,500 is considered! This puts BTC price close to 61.8% retracement($7,143.99) of March-August Rally. I propose a WXY correction to achieve these targets! WXY Fibonacci Extension Targets for "Y" Of course this is purely hypothetically speaking should the "X" pivot hold as I report this. It's entirely possible that price can briefly pierce higher, thus slightly altering the fib. levels, in which case I'll update as necessary.... 61.8%: $9,546.59 78.6%: $9,101.74 100%: $8,535.08 123.6%: $7,910.17 138.2%: $7,523.57 161.8%: $6,898.66 (Y wave should not exceed the 161.8% extension) I interpret this as that the Y wave can in fact extend up to this level, though, should be considered suspect as it approaches and eventually surpasses the mark! In addition to the potential Cup & Handle, should that develop, there would be/ is nonetheless, an Inverse Head & Shoulder Pattern possibly developing as documented in the video analysis! I'd love to get your feedback! Also, please leave a like and feel free to follow, as I will be offering more chart analysis, focusing predominantly on Bitcoin and Cryptocurrencies. Occasionally DXY and EURUSD too! Check out TheFreeCryptoPress.Com! At TheFreeCryptoPress.Com BITSTAMP:BTCUSD There's a Code for 20% Off Top CBD Products at JustJaneCBD Boutique Online! Look for the code on the site if you wish.
BITSTAMP:BTCUSDLong
by TheFreeCryptoPress
2
EUR/USD Superior Reward to Risk Ratio Target 1.19000Hello Fellow Trader! Historical resistance could now be current support at 1.18280 zone, where we must hawk any type of bullish candle reversal or price behaviour for upside entry. EUR/USD also has a 50% Fibonacci cluster at this zone providing further confirmation for support. Key Points: - Price holding above the 200 EMA - Price holding below the 50 EMA - 50% Fibonacci support level (Range September Low – September High) - Must watch price around the 200 EMA - Watch RSI for divergence if price makes a lower low, but RSI fails to do so. - IF: This is a WXY wave, it meets the 3 Wave structure for a higher time frame B wave. - Elliott Wave suggests that B waves must have 3 sub – waves. Even though our X sub – wave is sharp, it still retraces 50% of W which is a pass, now we expect one more leg to complete Y before the higher time frame C wave down. - Please understand that Elliott Wave can have many alternative wave counts and each trader may see this differently. Key Levels: Support – 200 EMA, 1.18280, 1.18100 Resistance – 1.18575, 50 EMA, 1.19000, 1.19175 Entry Zone: Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals. Optimal Entry – 1.8406 Supporting Entry – 1.8500 Candle Reversals for entry - Bullish Hammer - Bullish Engulfing - Bullish Piercing The Risk: As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital. IF: Price breaks below 1.18256 level and violates 200 EMA but fails to reclaim – this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter. Reward / Reward Targets: Optimal Entry 1.8406 – Target 1 1.19000 = 4x Reward to Risk Optimal Entry 1.8406 – Target 2 1.19175= 5.3x Reward to Risk Supporting Entry 1.8500 – Target 1 1.19000 = 2x Reward to Risk Supporting Entry 1.8500 – Target 2 1.19175 = 2.7x Reward to Risk
Long
by tradetheday