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As a dedicated user, I'm thrilled to celebrate the exchange 6th anniversary! 🎉 Over the years, I've seen the platform grow from strength to strength, always putting users first. Their commitment to integrity and user satisfaction is unmatched. From compensating users for any losses to ensuring fair partnerships with KOLs, the exchange has earned my trust. The past year has been phenomenal, with the platform user base tripling and website traffic soaring. The exchange web3 Wallet even surpassed Metamask in downloads, which is impressive! BGB's performance has been outstanding, and the #Blockchain4Youth initiative shows their dedication to the future of crypto. I'm excited to see what the future holds for Bitget and the crypto industry. Here's to many more years of innovation and success! 🎉 -
By tradinglounge · Posted
Euro/British Pound (EURGBP) – Day Chart Overview EURGBP Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave C Direction (Next Higher Degrees): Navy blue wave 3 (started) Details: Navy blue wave 2 appears completed, with navy blue wave 3 now in play. Wave Cancellation Invalidation Level: 0.84005 The EURGBP Elliott Wave analysis on the daily chart points to the market being in a counter-trend phase, characterized by impulsive movement. The focus is on navy blue wave 3, indicating that the market is moving in line with this wave, a crucial element of the Elliott Wave pattern. Currently, the market is situated within gray wave C, which forms part of the broader navy blue wave 3 development. This transition marks the conclusion of navy blue wave 2, and the initiation of the impulsive phase of wave 3. In Elliott Wave theory, wave 3 is typically a strong and extended movement, suggesting the market will likely move with significant momentum in the current trend's direction. The analysis indicates that navy blue wave 2 is complete, and navy blue wave 3 is now driving the market forward, continuing the impulsive move. This shift from corrective wave 2 to impulsive wave 3 suggests a strong continuation of the trend. The invalidation level for this wave count is at 0.84005, meaning if the price drops below this threshold, the current Elliott Wave analysis would no longer be valid, prompting a reevaluation of the wave structure. However, as long as the price stays above this level, the impulsive wave 3 is expected to proceed undisturbed. Summary The EURGBP pair on the daily chart is progressing through an impulsive phase, with navy blue wave 3 currently unfolding. As long as the price remains above the invalidation level of 0.84005, the impulsive movement is expected to continue without interruption. Euro/British Pound (EURGBP) – 4 Hour Chart Overview EURGBP Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Navy blue wave 3 Position: Gray wave C Direction (Next Higher Degrees): Navy blue wave 3 (started) Details: Navy blue wave 2 appears completed, and navy blue wave 3 is now in play. Wave Cancellation Invalidation Level: 0.84181 The EURGBP Elliott Wave analysis on the 4-hour chart indicates that the market is in a counter-trend phase, operating within an impulsive mode. The main focus is on navy blue wave 3, which signifies that the market is gaining momentum in line with this wave's direction. Currently, the market is situated within gray wave C, which forms part of the larger navy blue wave 3 development. Following the completion of navy blue wave 2, the market has now transitioned into the impulsive phase of wave 3. According to Elliott Wave theory, wave 3 typically represents a strong directional movement, and the analysis reflects this, suggesting that the current trend is likely to continue in this direction. The navy blue wave 2 has been marked as completed, and the market is now unfolding navy blue wave 3, which follows wave 2’s corrective phase. Wave 3 is typically the most powerful wave in the Elliott Wave sequence, indicating the potential for strong market movements in the current trend's direction. The invalidation level for this wave count is set at 0.84181, meaning that if the price falls below this point, the current Elliott Wave analysis would be invalid, requiring a reassessment of the wave structure. However, as long as the price remains above this level, navy blue wave 3 is expected to continue without interruption. Summary The EURGBP pair is currently in an impulsive phase, with navy blue wave 3 unfolding after the completion of wave 2. The market is expected to continue in alignment with this wave unless the price breaches the invalidation level of 0.84181. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see that VAS may have finished wave 2-grey, and wave 3-grey is unfolding to push higher. ASX: V300AEQ ETF UNITS – VAS 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((iii))-navy of Wave 3-grey Details: From the low at 94.13, wave 3-grey is unfolding to push higher, which itself is subdividing into wave ((iii))-navy, which should basically continue to push higher, targeting the nearest target at 105.50 and then higher. While price must remain above 98.39 to maintain this view. Invalidation point: 98.39 ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave (iii)-orange of Wave ((iii))-navy Details: Since the low at 98.39, wave ((iii))-navy is unfolding to push higher, which itself is subdividing into wave (iii)-orange, which can basically push a little higher, then wave (iv)-orange will unfold to push lower, and finally wave (v)-orange will return to complete its role, which is to continue aiming for higher targets. While price must remain above 100.39 to maintain this view. Invalidation point: 100.39 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: V300AEQ ETF UNITS – VAS aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation). Source : Tradinglounge.com get trial here!
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