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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: 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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Ethereum Price Surges Back to $4k: Confirmation Required

ETHUSD remained below this crucial level throughout last week. However, after initially reversing upon touching 2850, Ethereum tested that level again and reversed once more on Friday, forming a prominent daily Pin Bar on our chart. As of now the price has returned to the resistance zone (the former support), and a break back above it would indicate a false breakout and the completion of the correction. I am bullish on Ethereum and am inclined to buy on dips. My target is a retest of the 4k mark.

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’s Resilient Support Sets Stage for Potential Surge to $4,000

ETHUSD has experienced a necessary correction along with the broader crypto market since mid-March. Following an initial drop to the $3,000 range, Ethereum saw a recovery and reached a local high at $3,600. Despite another decline, bulls managed to support the price at the $3,200 level, establishing a strong base. Currently trading near $3,400, the market sentiment appears bullish. Anticipating further upward movement, with a potential retest of the $4,000 resistance level, I maintain a positive outlook as long as the price remains above $3,200 on a daily closing basis.

By NovaX
Updated 2 months ago
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