Theta Token/U.S. dollar(THETAUSD) Elliott Wave Technical Analysis 6 October 23
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By tradinglounge · Posted
CRM Elliott Wave Analysis Trading Lounge Daily Chart, Salesforce Inc., (CRM) Daily Chart CRM Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minor 3 DIRECTION: Upside within 3. DETAILS: As the correction in Primary wave 4 could still no be completed, we are exploring the possibility of a running flat in 4 and consequently we could be in the early stages of a bull market. Salesforce Inc., (CRM) 1H Chart CRM Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 3. DIRECTION: Top in wave {i} DETAILS: Looking for a top in wave {i} soon in place as we seem to have a nice subdivision. It’s possible we are actually in a wave C and we will continue the overall larger correction. This analysis focuses on the current trend structure of Salesforce Inc., (CRM), 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. * CRM Elliott Wave Technical Analysis – Daily Chart* On the daily chart, Salesforce (CRM) is in the third wave (Minor wave 3) of an impulsive structure. The potential for a Primary wave 4 correction to be ongoing is being explored. This suggests the possibility of a running flat correction forming in wave 4, and that CRM could be in the early stages of a new bull market. If this scenario plays out, the market could continue trending higher following this correction phase. * CRM Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, Salesforce is approaching a top in wave {i} of 3, with a clear subdivision visible in the wave structure. However, there is also the possibility that this movement is part of a wave C, meaning the larger corrective phase could still continue. The development of the current wave will confirm whether the correction is over or if more downside is expected before resuming the upward trend. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Coffee Elliott Wave Analysis Coffee breached the February 2022 previous high to continue the long-term bullish corrective cycle from May 2019. In the long term, the commodity could reach 317 which is about 28% of the current price level. Thus, buyers might consider buying the dips along this path. The long-term bullish corrective cycle started in May 2019. Aside from triangles, corrective structures are often subdivided into 3-waves. The first wave ended in February 2022 - cycle degree wave w. A pullback for the cycle degree wave x followed and ended in January 2023. From there, the cycle degree wave y began. The daily chart captures the wave development of the cycle degree wave y - subdivided into wave ((W))-((X))-((Y)). Wave ((W)) and ((X)) ended already and price is in ((Y)). ALong ((Y)), the price is currently in a pullback for ((b)) of Y of (W) of ((Y)). This summarizes that the upside is still favored for Coffee and prices should make fresh rallies from pullbacks of different degrees. The H4 chart shows that ((b)) is not yet complete. It’s probably in its 3rd sub-wave i.e. wave (c) of ((b)). While still developing, we are not sure yet how it’s going to end. However, it should finish above 221.2. If the price turns upside and breaches ((a)) high, then the expectation for further rallies from the dip increases significantly. Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here! -
By cryptomaga · Posted
In my opinion $ADA is Sol closest challenger. No doubt, there is currently huge adoption of ton due to projects on the ecosystem and the development rate of telegram.
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