Jump to content

Analog Devices Inc.(ADI:NASDAQ) Elliott Wave Technical Analysis November 23 2022


Recommended Posts

Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI:NASDAQ): Daily Chart, November 23 2022, 

ADI Stock Market Analysis: Moving higher as expected, looking for further upside into wave {v}as we already broke previous wave {iii}. Eventually we’ll be looking into longer term positions ifwe are completing a higher degree wave 1 and consequentially 2.

ADI Elliott Wave Count: Wave {v} of 1.

ADI Technical Indicators:Above all averages.

ADI Trading Strategy:Looking for equality of {v} vs. {i} to be reached at 175$

TradingLounge Analyst: Alessio Barretta

 

ADI_11_23.thumb.png.52a9b085df1355a9a59d5df0fedba5ed.png

 

 

 

Analog Devices Inc., ADI: 4-hour Chart, November 23 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: Looking for further upside into wave {v} as we are approaching0.618 of {v} vs. {i} and we have an open gap to be potentially filled where the yellow rectangle is.

ADI Elliott Wave count: Wave (i) of {v}.

ADI Technical Indicators: Above all averages.

ADI Trading Strategy:Looking for short term longs to build into wave {v}.

ADI_4H.thumb.png.c1cff87f728cb14dca685e5cf078f6e5.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      22,988
    • Total Posts
      95,312
    • Total Members
      43,597
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Ouaidou
    Joined 23/09/23 13:36
  • Posts

    • In my opinion, higher lev is for scalpers only! For day or swing traders, either spot or lower lev is always recommended!
    • Just now, according to Glassnode data, the number of addresses holding more than 100 BTC has reached a four-month low, currently standing at 15,955.
    • Bitcoin and other major crypto experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K. Despite the bearish pressure,  the founder and CEO of Bitcoin joint mining company Xive,  Didar stated that the stagnant rate increase is positive for Bitcoin. He suggested that this could reduce the attractiveness of mainstream financial assets to institutional investors in the long term, potentially driving a new rally in Bitcoin's price. Major altcoins and exchange tokens also struggled on Thursday, with ETH changing hands at $1,585, down about 2.6% from Wednesday. Other altcoins such as BNB and BGB also experienced losses. Despite these challenges, some analysts believe that Bitcoin is likely to remain within its recent range between $25,000 and $30,000. Riyad from digital asset data platform Kaiko, noted that the market needs a catalyst to mount any serious rally.  What are your thoughts? 
×
×
  • Create New...
us