Jump to content

Eli Lilly & Co.(LLY:NYSE) Elliott Wave Technical Analysis 28 November 23


Recommended Posts

Eli Lilly & Co., Elliott Wave Technical Analysis

Eli Lilly & Co., (LLY:NYSE): 4h Chart 28 November 23

LLY Stock Market Analysis: Looking for triangle in wave (b) as we seem to be near the end of the correction. There is a potential head and shoulder pattern which would furthermore confer the count.  

LLY Elliott Wave Count: Wave (b) of {iv}.

LLY Technical Indicators: Below 20EMA.s

LLY Trading Strategy: Looking for shorts into wave (c) on 580$ tested resistance.

TradingLounge Analyst: Alessio Barretta

Source : Tradinglounge.com get trial here!

a68823485a6f379d88a1914bc93d3628

 

 

 

Eli Lilly & Co., LLY: 1-hour Chart 28 November 23

Eli Lilly & Co., Elliott Wave Technical Analysis LLY Stock Market Analysis: Looking for further continuation lower, with invalidation level standing at 625$.  

LLY Elliott Wave count:  Wave e of (b).

LLY Technical Indicators: Between averages.

LLY Trading Strategy: Looking for shorts into wave (c) on 580$ tested resistance.

 

d812e14673552ed8ce2d73b17b8018e8

 

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
  • image.png

  • Posts

    • Now that the airdrop trend has calmed down, I’ve been exploring liquidity mining opportunities in DeFi. One of my main challenges in this space has been liquidity management. Engaging in DeFi—whether through trading or investing—takes significant time and effort with no guaranteed returns.   Although I'm still new to this, I’ve been looking into Quantlytica. Their aim is to revolutionize DeFi by breaking liquidity barriers, making it more accessible to everyone, regardless of expertise. Their native token, QTLY, is set to debut on Bitget spot soon, generating strong sentiment. I’m curious if any DeFi enthusiasts have leveraged their ecosystem and would appreciate your reviews.
    • Tron (TRX) is showing bullish signs after breaking out of a falling wedge pattern, a bullish technical formation. Currently trading at $0.15407, TRX price is expected to push further upwards toward the $0.156 target, with the following key details: Price of TRX: $0.1541, up 1.12%. Bullish Breakout: The falling wedge breakout points toward further price appreciation. Support and Resistance Zones: Support Zone: Strong support between $0.152 and $0.153, providing a cushion in case of any pullbacks. Resistance Level: The next resistance is at $0.156, which needs to be broken for a further bullish continuation. SUN Token: Whale Activity and Market Impact In the past two hours, an anonymous whale sold $1 million worth of SUN tokens, causing the price to drop by 7.07%. Currently, SUN is trading at $0.02483, according to CoinMarketCap. Tron’s founder, Justin Sun, denied owning the whale address responsible for the sale, distancing himself from the market turbulence. While Bitcoin's recent performance shows renewed investor confidence, the market's response to CPI data and the upcoming FOMC decision will be crucial in shaping the next bullish or bearish trend. As for Tron (TRX), the current bullish structure may offer opportunities for further gains, with $0.156 as the key target to watch. Keep an eye on the broader crypto market for more volatility and updates in the coming day. 
×
×
  • Create New...
us