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TRX looks fantastic for the long termCould TRX be in the middle of a wonderful impulse of 5 waves within a larger degree of trend? It looks like it just might be. It fits beautifully within the Hurst cycles (semi circles) at the bottom time wise. And, with wave 1 often looking very similar to wave 5, we could see a massive blow off top for wave 5 over the coming months. This is one of the coins that does not make up part of my portfolio, no matter how strong the analysis looks. But, if you want to go for it it's entirely up to you. Get out when the trend line breaks to the downside which will signal wave 5 having completed. Follow for more.
BINANCE:TRXUSD.PLong
by cryptechcapital
1
Aditya Birla Capital Ltd. (NSE: ABCAPITAL) Technical AnalysisCurrent Price: ₹201.60 (-0.82%) Price Target (Jefferies): ₹265, maintained at Buy Technical Overview Price Action: The chart reflects a strong support level near ₹197-₹201, where the price is currently hovering. The support zone is reinforced by a trendline that has been respected several times (highlighted with green arrows). This support level aligns with a high-volume node in the volume profile, indicating considerable buying interest around this area. Volume Profile Analysis: A significant amount of trading activity has occurred around the ₹190-₹200 range, suggesting strong demand. On the upside, high trading volume can also be seen around ₹227 and ₹241, which could act as resistance if the stock attempts an upward move. Moving Averages: The 50-day and 200-day moving averages are providing additional support and resistance signals. The stock is currently trading near its 200-day moving average, which has historically provided solid support. A sustained break below this level could indicate bearish momentum. Resistance Zones: The stock has encountered resistance around ₹240 (indicated by red arrows), with multiple attempts to break this level failing. This level will be crucial for the next bullish wave, and a breakout above it could lead to a new upward trend. Key Pattern Observations: A broad ascending triangle pattern is observed, with the stock making higher lows since last year. This bullish structure indicates underlying strength, but a break below the support line could invalidate this pattern. Technical Indicators 1.RSI: The Relative Strength Index is nearing the oversold territory, suggesting that the stock may be due for a reversal or consolidation phase. 2.Support and Resistance Levels: Immediate Support : ₹197 Critical Support : ₹190 Resistance Levels: ₹211, ₹227, ₹241 Outlook and Conclusion With Jefferies setting a revised target of ₹265 and maintaining a Buy rating, there is an optimistic long-term outlook. However, in the short term, the price may continue to consolidate around the ₹190-₹200 support region. Bullish Scenario: If the stock bounces off the ₹197 level, supported by increased volume, it could make another attempt to reach ₹227 or even test the critical ₹240 resistance. Bearish Scenario : A sustained break below ₹190 might attract further selling pressure, pushing the stock toward the ₹175 region. Investment Idea: Traders may look for buy signals around the support zones of ₹190-₹200, with a potential target near ₹227 and ₹240, while maintaining a stop loss slightly below ₹190.
NSE:ABCAPITALLong
by AngshumanSaikia
BTC: Impulse Wave 1 Complete, Awaiting Wave 3 SurgeIt appears that Impulse Wave 1 (green 1) has completed, with the necessary expanded ABC correction in place for Wave 2. Currently, BTC looks like it’s in Wave A of 5 of C. According to the Hurst cycles at the bottom, we should expect this corrective phase to last a few more days, up until the dotted blue line. If all goes well, this will lead us into Wave 3, where we can anticipate strong upward momentum and potentially ferocious lunges to the upside. This will be Wave 3 of 3, meaning we should see a substantial bullish move. The Hurst cycles suggest that Wave 3 could continue until around the 7th of November, making it interesting to consider how the U.S. election results on the 5th may influence this move. In any case, keep an eye on BTC for potential breakouts. Remember that corrections are healthy—and stay tuned for more updates!
Long
by cryptechcapital
CHZ in a Multi-Year Winter: Awaiting a Break for Wave 3 of 1CHZ looks like it’s deep into a multi-year correction as part of Wave 2 of the higher degree trend. The flameout in Wave 5 of 1 resulted in the current, drawn-out consolidation. This extended correction could be unfolding as a WXYXZ or a very elongated ABC pattern, reflecting the market’s need to churn and reset after the huge rally. For now, volume remains low, suggesting the slow bleed may continue for some time longer. However, if we see a significant increase in volume, combined with a break of the upper trendline, this could signal the start of Wave 3 of 1, setting the stage for a strong impulse move upward. Until then, patience is key, as the consolidation phase persists. But when the conditions align, CHZ could be primed for a major breakout.
by cryptechcapital
WIF Stuck in a Wedge Pattern: Patience is Key For a BreakoutWIF is forming a very long but distinct WXYXZ wedge pattern, tightly confined within its channel. The structure is clear, with repeated ABC corrective waves confirming the pattern’s integrity. While the setup is clear, it suggests we may have to trade within the boundaries of the channel for now. For those looking to trade short-term, focus on the key levels within the wedge, but be prepared to wait patiently for the eventual breakout—it could take time, but when it happens, it should be significant.
by cryptechcapital
Tow-Legged, ABCD, Elliott WavesFigure 1.1 has two extreme trends and one extreme trading range. This day began with a strong bear trend down to bar 1, then entered an unusually tight trading range until it broke out to the upside by one tick at bar 2, and then reversed to a downside breakout into an exceptionally strong trend down to bar 3. Two-legged moves are common, but unfortunately the traditional nomenclature is confusing. When one occurs as a pullback in a trend, it is often called an ABC move. When the two legs are the first two legs of a trend, Elliott Wave technicians instead refer to the legs as waves 1 and 3, with the pullback between them as wave 2. Some traders who are looking for a measured move will look for a reversal back up after the second leg reaches about the same size as the first leg. These technicians often call the pattern an AB = CD move. The first leg down begins with point A and ends with point B (bar 1 in Figure 1.1, which is also A in the ABC move), and the second leg begins with point C (bar 2 in Figure 1.1, which is also B in the ABC move) and ends with point D (bar 3 in Figure 1.1, which is also C in the ABC move).
FOREXCOM:XAUUSDEducation
by RezaBayat
$BINANCE:LPTUSDT To Reach $14 if it broke the $9.35 MarkBINANCE:LPTUSDT has a target beyond the $10 Mark i wrote about before, which is the $14 Range, almost 100% increase From Current Price. Writing this Idea, Currently we are in a Corrective Area, Colleting as much buyers as Possible to Impulse its away to The $12 Range, and a Possibility to do another Small Correction in that area before Finally Reaching the $14 Mark. We have two Major Price Points to look for Break Up $9.35 , We go up to $14. Break Down $5.50 , The Sequence is Broken and will be much likely not Reaching $14 and Start Huge Downtrend. This is not a Buy nor Sell Signal.
Long
by hitbones
6
Bitcoin Bull Market PlayBit of a long shot, but this new move hopefully follows my previous chart idea that played out well and is nearly complete also. As before, I'm not really focusing on timings, only the Elliott Wave counts. First... Price should soon head up and hit my 5th wave at around $40K-$40.8K. However, price could come down first, to around $36.8K - to tap @Anups new virgin monthly CPR. Worth noting that last month's CPR didn't get tapped at all (but this just seems bullish to me). Next... ABC correction 1) TP your Long + Short around the $40K range. Then... Brand new Elliott Wave 2) TP your Short + ladder Long term Longs at the C wave (1.618 - 2.618 range). This looks to be $24K or lower, but in case we don't get a heavy ABC correction, I'm going to start building my Longs from around the $30K mark - I'm not missing the run. Finally... Ride the Elliot Wave until the Bull market tops out. 3) TP around $56K (1.618 range). 4) TP around $78K-$80K (2.618 range). This is where I think we finally top out. Moonboy? Zoom right out if you want to see some TP5 ($120K) and TP6 ($179K) Moonboy targets. These TPs are still (roughly) calculated and so are potentially possible one day - but I don't think we go much above $80K this time around. Let's see...
Long
by dimuthj
1
MO Altria Group possible A=C plus bear flag Let's discuss it.Hi , Well, first of all, it's important to note that I have an open position in this dividend-paying stock because I want to hold it for the long term. However, we should not ignore the fact that we will start wave C of a possible ABC correction soon. We can also see a bear flag shape. Both have a price target of ~$14 to $15. Regarding the fundamentals, some important things: Traditional tobacco companies have to face the fact that their products are becoming more and more expensive, thus many people buy cheaper products. Vapor and liquid alternatives are increasingly popular among the younger generation. Because they are fragrant, tasty and cheaper. Although these companies have made a lot of profit in the past decades, they are now facing another challenge. If they want to stay competitive, they have to develop to catch up with their competitors who produce products based on new technologies. Altria Group is constantly working to achieve this. However, the transformation of the production technology and the necessary permits (e.g. FDA) are essential for its success. It's all money and time. All in all, I think that stocks of traditional tobacco companies are still a good long-term investment. However, it should be taken into account that they may underperform in the coming months. And they can hit new lows. That's why I didn't use all my resources that I intended for this stock. Because if we actually reach the ~$15 zone, then I want to significantly increase my position size there. Please tell me what you think about it. And share your thoughts. Do not forget. This does not constitute investment advice. Do your own research before entering a position.
NYSE:MO
by XOX_XOX
6
USDCAD: Short Term Technical AnalysisTechnically the FX:USDCAD pair seems to follow 12345 bullish impulse structure on intraday chart. Having said this, it is possible to follow 2 setups (bearish and bullish) on levels shown on the chart. On the short side, it is good to monitor and manage the position closely and move stop loss to breakeven as soon as possible. In this case the expected pullback could take the form of ABC or ABCDE Pattern. Levels may change, so follow our updates below or on our website. Trade with care Like | Share | Comment
by TheAnonymousBanker
4
📈💰 Gold Breakout Alert! Time to Ride the Bullish Wave! 🚀🔥Get ready for a golden opportunity! The bullish setup on Gold is shining bright in the 4-hour timeframe. After weeks of oscillation within a falling wedge, price has finally broken out! The ABC corrective wave is behind us, paving the way for a powerful impulse. I'm setting my sights on a target of 1940, where I'll be taking some sweet profits. But the excitement doesn't stop there! The ultimate target is set at 1970, a level that has proven to be a tough resistance for price in the past. Adding to the optimism, the RSI indicator has formed a confirmation with a bullish divergence. The bounce and subsequent break above the 50 level serve as a green light to open a buy position. It will be interesting to check the price action when the market opens and buy from here🌟💰📈 feel free to share your toughts in the comments section. follow me for updates and don't forget to press the like button if you think this insight was helpful🚀
OANDA:XAUUSD
by Thomas_Zito
1