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Bitcoin Price Analysis: Is it Time to Buy BTC/USD?

I have a bullish outlook on BTCUSD based on the 30-minute chart analysis. The Elliott Wave theory signals the completion of wave (5) and the start of wave (a) upwards. I am targeting the 0.618 Fibonacci retracement level at 61958, with a potential further rise to the 0.5 level at 61834. The price action displays a distinct impulsive wave pattern succeeded by a corrective wave, indicating a positive trend. With an entry point at the current price of 61345, I anticipate a rise towards the mentioned Fibonacci levels. To manage risk effectively, the stop-loss is positioned just below the recent low...

By NovaX
Updated 6 days ago
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Ethereum Price Analysis: Is it Time to Buy ETH/USD?

Going Long on ETHUSD The Elliott Wave pattern indicates the completion of wave (4) and the onset of wave (5) impulse. The target for wave (5) is the 1.618 Fibonacci extension level at 3602.46. Analysis The chart displays a clear corrective wave pattern followed by an impulsive wave, signaling upward momentum. Entering at the current price level of 3377.45, a move up to the indicated Fibonacci level is expected. The stop-loss is set just below the recent low of wave (4) to manage risk effectively. This setup offers a favorable risk-reward ratio for a long position.

By NovaX
Updated 1 week ago
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Ethereum Price Analysis: Compelling Reasons to Consider Buying ETHUSD

I'm going long on ETHUSD based on the 15-minute chart. The Elliott Wave analysis shows a clear five-wave pattern, suggesting a potential bullish move. I entered the trade at 3542.56, targeting the following levels: - 0.618 extension at 3585.49 - 1 extension at 3627.88 - 1.618 extension at 3696.47 These targets align with typical Fibonacci extension levels following an impulsive wave sequence. My stop-loss is set below the recent low to manage risk effectively. This long position is based on the anticipated continuation of the bullish trend after the completion of the corrective wave (4), aiming for the projected wave (5) targets.

By NovaX
Updated 2 weeks ago
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Maximize Your Profits: Expert Analysis on Selling ETHUSD

### Key Levels to Watch: - **Current price**: 3,397 - **Target levels for a potential downward move**: - **0.490 retracement** at 3,351 - **0.618 retracement** at 3,272 - **1.0 retracement** at 3,038 ### Trade Idea: Consider entering a short position with a stop-loss above the recent high to manage risk effectively. The target levels represent potential areas where the price may find support, aligning with the Fibonacci retracement levels and Elliott Wave principles. This setup aims to capture a corrective wave down.

By NovaX
Updated 2 weeks ago
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Maximizing Profit: Expert Analysis on Selling ETHUSD

ETHUSD 15-Minute Chart Analysis I'm considering a SHORT position based on Elliott Wave analysis. The chart indicates a completed five-wave impulse to the upside, labeled (1) to (5), signaling the start of a corrective phase typically comprising waves (a), (b), and (c). Current Correction Progress The initial corrective wave (a) is visible, followed by a bounce for wave (b) that appears to have encountered resistance. At present, wave (c) seems to be underway, potentially targeting Fibonacci levels at 0.386 (3118.1) or even 0.618 (3071.9) as its final destination. Future Strategy I am monitoring price action to confirm the continuation of the downtrend. The plan is...

By NovaX
Updated 2 months ago
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Maximizing Profits: Unveiling the Best Strategy to Sell ETHUSD

Ethereum (ETHUSD) Elliott Wave Analysis Wave (a) made a significant move down, and after a brief retracement in wave (b), we’re potentially in the midst of wave (c). According to the Elliott Wave principle, this wave could extend down to key Fibonacci retracement levels — the 0.521 level at 3075.0 and the more significant 0.618 level at 3057.0, which often act as strong support in such corrective phases. If wave (c) extends further, the 1.618 extension at 2871.3 could be the next area of interest. Cryptocurrency Market Analysis ETH, like other cryptocurrencies, can be particularly sensitive to market sentiment, technological developments, and regulatory...

By NovaX
Updated 2 months ago
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Ethereum Price Analysis: Potential Selling Opportunity for ETH/USD Trading Pair

Elliott Wave Analysis for ETHUSD ETHUSD is currently showing a pattern suggesting a SHORT setup. The chart indicates the completion of a corrective wave (b) and the potential beginning of an impulsive wave (c) downwards, highlighted by a recent pivot at a Fibonacci retracement level. Market Outlook The failed attempt to break higher reinforces the bearish sentiment. Wave (c) is anticipated to be at least equal to wave (a), with Fibonacci extensions indicating possible targets for the downward movement. Trade Opportunity Given the cryptocurrency market's volatility, coupled with regulatory news and tech sector uncertainties, the setup appears favorable for a SHORT trade. Traders eyeing this...

By NovaX
Updated 2 months ago
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Ethereum Price Analysis: Is it Time to Buy ETH/USD?

In the vibrant and ever-evolving landscape of cryptocurrency, my latest foray into ETHUSD through a meticulous blend of technical analysis and market sentiment analysis has unveiled a standout BUY opportunity. This bullish outlook is anchored in a detailed examination of Ethereum's price action, which reveals a pattern of consolidation poised for a breakout to the upside. The technical groundwork for this analysis is supported by key indicators and patterns, including a notable bullish divergence on the RSI and a tightening of price within a bullish flag pattern. These signs are emblematic of underlying strength and potential for significant upward momentum. Further bolstering this BUY...

By NovaX
Updated 2 months ago
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