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By tradinglounge · Posted
ASX: ASX LIMITED – ASX Elliott Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ASX LIMITED – ASX. We see ASX LIMITED possibly pushing lower with wave ((ii))-navy, and then wave ((iii))-navy could move higher. ASX: ASX LIMITED – ASX 1D Chart (Semilog Scale) Analysis Function: Major (Minor degree, gray) Mode: Motive Structure: Impulse Position: Wave ((ii))-navy of Wave 3-grey Details: Wave ((ii))-navy could be pushing lower, targeting around 62.87. After the ((ii))-navy wave finds support levels at lower levels, then most likely the ((iii))-navy wave will return soon. And they can go long when the price gets the support tested at Medium Level 65.00. Invalidation point: 56.54 ASX: ASX LIMITED – ASX 4-Hour Chart Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave ((ii))-navy of Wave 3-grey Details: Wave ((i))-navy has completed five-waves, and wave ((ii))-navy is moving lower, usually after Diagonals, I expect a quick serious decline, so the next target could be around 62.87. Invalidation point: 56.54 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED – ASX 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! #ASX #ASX #ASXStocks #Stocks #ElliottWave #TradingLounge -
By CryptoChamp · Posted
The Solana price today stands at $229.92, with a 24-hour trading volume of $5.09 billion, highlighting robust market activity. Currently, the Solana coin price is -12.65% below its all-time high (ATH) of $263.21, achieved on November 23, 2024. However, the price of Solana has surged an impressive 45,809.76% from its all-time low (ATL) of $0.5008, emphasizing its growth potential. Technicals support a bullish outlook for Sol crypto price. On the daily chart, SOL has formed a bullish flag pattern, suggesting further gains. Additionally, a break-and-retest pattern at $210—an important level tested in March—confirms the continuation of its uptrend. On the weekly chart, SOL has established a cup-and-handle pattern with a potential target of $511, based on a 97% projection from its upper resistance. The integration of ZK-rollups significantly boosts Solana crypto price. This innovation enhances privacy, security, and on-chain computations, with projects like ArciumHQ and DarklakeFi strengthening its ecosystem. Furthermore, a sharp increase in Total Value Locked (TVL) to $9.5 billion by December 7 reflects rising network activity, driving Solana price now. With growing adoption and technological advancements, the Sol price prediction remains optimistic, positioning Solana as a blockchain leader. -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Monero/ U.S. dollar(XMRUSD) XMRUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave I of Impulse Wave Cancel invalid Level: Details: the Increase wave ((3)). Monero/ U.S. dollar(XMRUSD)Trading Strategy: The wave 3 rally is likely to test the 291.857 level, so look for a consolidation opportunity from a short-term correction. Monero/ U.S. dollar(XMRUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Monero/ U.S. dollar(XMRUSD) XMRUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave I of Impulse Wave Cancel invalid Level: Details: the Increase wave ((3)). Monero/ U.S. dollar(XMRUSD)Trading Strategy: The wave 3 rally is likely to test the 291.857 level, so look for a consolidation opportunity from a short-term correction. Monero/ U.S. dollar(XMRUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!
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