Cardano/U.S.dollar(ADAUSD) ADAUSD Elliott Wave Technical Analysis 23 January 23
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By CryptoSniper · Posted
Few days ago, i made a price prediction analysis on $BGB that the token has the potential to hit above $5 this month. I just check and the token is currently trading above $3.25 and showing signs that it could continue it bullish trend and probably hit $5 in this December. The exchange have continue to introduce many use case for the token and if there could add BGB to every Poolx and give holders opportunity to stake the token then we could see above $5 -
By tradinglounge · Posted
GX URA Elliott Wave Analysis The Global X Uranium ETF (GX URA) provides investors exposure to the uranium sector, tracking companies engaged in uranium mining, exploration, and production globally. As nuclear energy gains traction as a cleaner power source, uranium demand could rise, positioning the GX URA ETF as an appealing opportunity for investors interested in the sector's potential growth. Daily Chart Analysis The GX URA ETF remains bullish from March 2020 when it began an impulse wave structure that finished in November 2021. We identified this rally as wave ((A)) of ((1)). A pullback followed from the top of November 2021 and finished a double zigzag structure at 17.66 in July 2022. We can identify this pullback as wave ((B)) or ((2)). Therefore, wave ((C))/((3)) started at 17.66 and should develop into an impulse structure toward $42-$57.3. Meanwhile, as the daily chart shows, the commodity has completed waves (1) and (2) of ((C))/((3)) and is now in wave (3). H4 Chart Analysis It appears wave 1 of (3) is incomplete yet. On the h4 chart, wave ((iv)) of 1 finished at 29.25 and thus, the current dip is expected to be wave (ii) of ((v)) if 29.25 continues to hold. A breach of that level will see us counting for a lower ((iv)) to 28.27 or even wave 2. In either case, price action favors upside continuation from the dip in both the short-term and long-term outlook. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
HD Elliott Wave Analysis Trading Lounge The Home Depot, (HD) Daily Chart HD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {v}. DIRECTION: Upside in wave (iii) of {v} of 3. DETAILS: Looking for upside into what could be an extended wave {v} towards the next Trading Level at 500$. The Home Depot, (HD) 1H Chart HD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (iv) of {v}. DIRECTION: Upside in wave {v}. DETAILS: Here’s an alternate highlighting the possibility of a bottom in wave {iv} in place at 380$ and a five wave move into wave {v} unfolding to the upside. This analysis focuses on the current trend structure of The Home Depot, (HD) utilizing the Elliott Wave Theory on both the daily and 1-hour charts. Below is a breakdown of the stock's position and potential future movements. * HD Elliott Wave Technical Analysis – Daily Chart* The daily chart suggests that HD is advancing in an extended wave {v}. This wave is expected to push higher towards the next key resistance area at TradingLevel 500$. The current structure indicates strength in the trend, and the upside potential continues as wave (iii) within wave {v} unfolds. * HD Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, there is an alternate scenario suggesting that wave {iv} has already found a bottom at $380. A new five-wave move is expected to unfold as wave {v} pushes higher. This supports the bullish view that HD is on track to continue its upward trend. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here!
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