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By tradinglounge · Posted
DOW JONES (DJI) Elliott Wave Analysis: Daily Chart DJI Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Next Lower Degree Direction: Gray Wave 4 Details: Gray wave 2 appears complete, and gray wave 3 is currently in progress. Wave Cancel Invalidation Level: 42,849.27 Analysis Overview The Dow Jones Industrial Average (DJI) is exhibiting a bullish trend, as indicated by Elliott Wave analysis. The market is currently in an impulsive mode, signaling strong upward momentum and an expansion phase. The structure being tracked is gray wave 3, which represents a robust upward push following the completion of gray wave 2. Key Observations: Wave Structure and Position: The market is actively progressing in gray wave 3, which showcases a strong bullish impulse. Within this context, orange wave 3 highlights an acceleration phase, emphasizing the continuation of upward momentum. Future Movements: After the conclusion of gray wave 3, a corrective gray wave 4 is expected as part of the lower-degree wave sequence. Risk Management: The invalidation level is set at 42,849.27. If the price drops below this level, the current wave count will be invalidated, and the analysis would require revision. Conclusion The Elliott Wave analysis for the Dow Jones on the daily chart suggests a continued bullish trend, with gray wave 3 currently unfolding. The completion of gray wave 2 has initiated this phase of upward momentum, with further gains anticipated in the short term. Key Takeaways: Positive Market Outlook: The bullish trend is expected to persist as long as the price remains above 42,849.27. Next Phase: After gray wave 3, the market is likely to transition into the corrective gray wave 4 phase. This analysis underscores a favorable market outlook for the Dow Jones, providing insights for trend-following strategies and risk management. DOW JONES (DJI) Elliott Wave Analysis: Weekly Chart DJI Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 3 Position: Navy Blue Wave 5 Next Lower Degree Direction: Orange Wave 4 Details: Orange wave 2 appears complete, with orange wave 3 currently in progress. Wave Cancel Invalidation Level: 41,652.82 Analysis Overview The Dow Jones Industrial Average (DJI) continues to exhibit a bullish trend on the weekly chart, as per Elliott Wave analysis. The market is in an impulsive mode, indicating robust upward movement. The observed structure, orange wave 3, represents an expansion phase that follows the completion of orange wave 2. Key Observations: Current Position and Structure: The market is advancing within navy blue wave 5, signifying the final phase of a larger Elliott Wave cycle. The active wave, orange wave 3, highlights strong bullish momentum, suggesting further upward movement in the short term. Future Movements: Upon completing orange wave 3, the market is expected to transition into a corrective orange wave 4, part of the lower-degree wave structure. This marks the nearing completion of the larger wave cycle as navy blue wave 5 unfolds. Risk Management: An invalidation level is set at 41,652.82. If the market price drops below this threshold, the current wave count will be invalid, necessitating a reassessment of the analysis. Conclusion The weekly Elliott Wave analysis of DJI projects a bullish trend continuation, with orange wave 3 actively progressing. The completion of orange wave 2 has set the stage for this strong upward phase, supported by the impulsive structure of navy blue wave 5. Key Takeaways: Bullish Momentum Continues: The current trend is expected to persist until orange wave 3 concludes. Transition Ahead: After the current wave phase, a corrective orange wave 4 is anticipated as part of the lower-degree sequence. Validation Threshold: The bullish outlook holds as long as the price remains above 41,652.82. This analysis highlights the ongoing bullish momentum while preparing for the eventual transition to a corrective phase as the larger wave structure approaches completion. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By cryptostar · Posted
If you’re looking for a meme coin that blends fun with serious growth potential this December, Peanut the Squirrel (PNUT) is one to watch. Born from a viral internet meme, PNUT brings humor and a strong community vibe to the crypto world. But it’s more than just a playful coin. A Fun Start with Big Ambitions Peanut the Squirrel began as a lighthearted meme coin, but its developers quickly recognized its potential for something much larger. It has captured the attention of the crypto community with its quirky character and focus on building an engaged, loyal user base. Play-to-Earn Game and Community Engagement One of the standout features of Peanut the Squirrel is its Play-to-Earn (P2E) game. Players can collect acorns, trade NFTs, and participate in community challenges—all while earning rewards. This combination of fun gaming and crypto is appealing, offering entertainment and a chance to profit. Impressive Growth and High Potential in December PNUT’s presale has been a massive success, with early investors seeing returns of up to 1,900%. This impressive growth has generated buzz in the crypto space, with many predicting even more growth as the project develops. The coin’s price is expected to continue rising through December. With its explosive growth, engaging community, and promising future, Peanut the Squirrel is one of the top meme coins to watch this December. If you’re looking for a meme coin that combines fun with serious investment potential, PNUT could be the perfect choice for you. For the latest updates and detailed insights of Brett visit Coinpedia's $BRETT price prediction. -
In a world where decentralized system are changing the finance sector with Projects like MakerDAO and Centrifuge have showcased the transformative power of Real-World Assets (RWA) in Web3. By integrating tokenized real estate and enabling SMEs to access liquidity, they’ve bridged traditional assets with decentralized finance. Ink Finance takes this concept further by offering DAOs, protocols, and RWA originators a no-code platform to manage governance, tokenize assets, and establish on-chain credit systems with ease. Now, Ink Finance is reaching a significant milestone with the December 2nd listing of Quill, its native utility token, on BingX and other exchanges. Quill is designed to enhance governance, scalability, and financial operations for Web3 projects. It simplifies treasury management, ensures compliance, and empowers organizations to streamline activities efficiently. For DAOs and RWA-focused projects, Quill promises to become a vital tool, driving the next wave of decentralized finance and empowering Web3 innovations to thrive.
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