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By tradinglounge · Posted
Australian Dollar/U.S. Dollar (AUDUSD) Day Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Bearish Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 3 (started) DETAILS: Orange Wave 2 appears to be completed; orange wave 3 is now active. Wave Cancel Invalidation Level: 0.65280 The AUD/USD daily chart reflects an Elliott Wave analysis indicating a bearish trend. The current wave structure is identified as orange wave 3, forming part of a larger impulsive sequence within navy blue wave 3. Based on the analysis, orange wave 2 appears to have concluded, marking the beginning of orange wave 3. This progression is consistent with the Elliott Wave Theory, which identifies cyclical wave patterns to forecast market movements. The ongoing orange wave 3 aligns with the broader bearish outlook, showcasing continued downward momentum. A critical invalidation level for this wave count is set at 0.65280. A move above this level would necessitate a reevaluation of the current wave structure, suggesting a potential shift in the expected bearish pattern. This analysis provides traders with a comprehensive view of the market's directional trend. It emphasizes significant levels and highlights the impulsive nature of the ongoing wave, offering valuable insights into the continued bearish momentum likely in the coming days. Australian Dollar/U.S. Dollar (AUDUSD) 4-Hour Chart AUDUSD Elliott Wave Technical Analysis FUNCTION: Bearish Trend MODE: Impulsive STRUCTURE: Gray Wave 3 POSITION: Orange Wave 3 DIRECTION NEXT LOWER DEGREES: Gray Wave 3 (started) DETAILS: Gray Wave 2 appears to have completed; Gray Wave 3 is now active. Wave Cancel Invalidation Level: 0.65533 The AUD/USD 4-hour chart reflects an Elliott Wave analysis indicating a bearish trend. The current wave structure is identified as gray wave 3, progressing within an impulsive sequence. Within this broader framework, orange wave 3 is currently active, signifying the continuation of the downward trend. According to the analysis, gray wave 2 has likely concluded, paving the way for the development of gray wave 3. This aligns with the principles of Elliott Wave Theory, which is utilized to identify repetitive wave patterns for market trend predictions. The ongoing bearish momentum demonstrates the impulsive characteristics of this wave, with further downside anticipated. A critical invalidation level for this wave count is set at 0.65533. A movement above this level would require a reassessment of the current wave structure, indicating a potential deviation from the expected bearish scenario. This analysis provides traders with a structured approach to understanding the prevailing market dynamics. It emphasizes significant levels and directional trends, delivering insights into the continuation of bearish momentum in the short term. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
ASX: V300AEQ ETF UNITS – VAS Elliott Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with V300AEQ ETF UNITS – VAS. We see ASX:VAS rising with wave ((iii))-navy, but in the short term a pullback with wave (ii)-orange is probably needed before its wave (iii)-orange pushes further 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: Wave ((iii))-navy is unfolding to push higher, while price must remain above 101.29. A push lower would indicate that the ALT (Alternate Wave Count) is active, as the entire wave ((ii))-navy is not really over yet and there is still a push lower. Invalidation point: 101.29 ASX: V300AEQ ETF UNITS – VAS 4-Hour Chart Analysis Function: Major trend (Minute degree, navy) Mode: Motive Structure: Impulse Position: Wave v-grey of Wave (i)-orange of Wave ((iii))-navy Details: Since the low at 100.01 wave (i)-orange is probably unfolding, and I see quite a bit of overlap with the three-waves, so it could be developing as a Diagonal. Then wave (ii)-orange could have a pullback lower and finally wave (iii)-orange should continue pushing higher. Invalidation point: 100.01 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! #VAS #TradingLounge #ASXStocks #Stocks #ElliottWave -
By CryptoChamp · Posted
Ethereum (ETH) has shown resilience, trading slightly above $3,670 after successfully retesting support at the $3,454 weekly level. This support is critical for maintaining bullish momentum. If ETH price holds above $3,454, it could rally to the psychologically significant $4,000 mark. However, a drop below this level may lead to a pullback to $3,335. Technical Indicators Point to Bullish Momentum The RSI on Ethereum’s daily chart stands at 66, comfortably above the neutral level of 50. This indicates increasing bullish momentum without entering overbought conditions, setting the stage for further upward movement. Such technical signals align with optimistic Ethereum Price Predictions for the coming weeks. Also Read Bittensor Price Prediction 2024 - 2030: Will TAO Price Record A 2X Surge? Ethereum’s Total Value Locked (TVL) Hits Record Highs Recent data highlights Ethereum’s growing ecosystem. A $4.81 billion weekly influx has pushed its total value locked (TVL) to a staggering $51.5 billion—a 205% year-over-year increase. Layer-2 networks, including Base, contributed significantly, with Base’s TVL rising by $302.02 million. This growth reflects Ethereum’s scalability and enhanced functionality. Strong Institutional Demand Boosts Ethereum Institutional interest in Ethereum remains robust. Over six consecutive days, spot ETFs recorded a net inflow of $24.23 million. BlackRock’s ETHA ETF led with a single-day inflow of $55.92 million, while Fidelity’s FETH ETF added $19.90 million. The total net asset value of ETH spot ETFs now exceeds $11.13 billion, highlighting growing trust in Ethereum as a long-term asset. Ethereum Prediction 2024–2025: Breaking New Ground Ethereum is on the verge of breaking out of a triangular consolidation pattern on the 3-day chart, signaling potential for significant growth. The bullish trend, which started in early 2021, continues to strengthen despite periods of correction. With increasing chain activity and institutional inflows, ETH Price Predictions suggest a midterm surge toward $10,000. ETH All-Time High in Sight? If current momentum persists, Ethereum could surpass its previous highs and set new records. The combined impact of rising TVL, institutional demand, and positive market sentiment makes this a pivotal moment for Ethereum’s growth trajectory. Stay tuned for more updates on Ethereum News Today as ETH continues its journey toward new heights in the crypto market.
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