Eli Lilly & Co.(ELI:NYSE) Elliott Wave Technical Analysis 24 January 24
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By tradinglounge · Posted
MARUTI SUZUKI INDIA – MARUTI (1D Chart) Elliott Wave Technical Analysis Function: Counter Trend Lower (Intermediate degree, orange) Mode: Corrective Structure: Impulse, within larger degree Wave A Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) is now progressing lower against 13680, as an extension. Invalidation point: 13680-85 MARUTI SUZUKI Daily Chart Technical Analysis and potential Elliott Wave Counts: MARUTI SUZUKI daily chart is indicating a potential trend reversal after terminating Minor Wave 5 Grey of Intermediate Wave (5) Orange around 13680 high. The stock is about to complete its first impulse wave lower as the Minute sub waves unfold against 13680 resistance. The stock had dropped through 6530 lows in March 2022, terminating Intermediate Wave (4) Orange. The subsequent rally can be clearly seen unfolding as an impulse marked as Minor Waves 1 through 5 Grey. Please note Wave 3 was an extension while Wave 5 completed as a diagonal. If the above is correct, a major top seems to be in place around 13680 levels as the first impulse drop continues to unfold. MARUTI SUZUKI INDIA – MARUTI (4H Chart) Elliott Wave Technical Analysis Function: Counter Trend Lower (Intermediate degree, orange) Mode: Corrective Structure: Impulse, within larger degree Wave A Position: Minute Wave ((iii)) Navy Details: Minute Wave ((iii)) is now progressing lower against 13680, as an extension. Furthermore Minuette Wave (iv) could be unfolding as a triangle now. Invalidation point: 13680-85 MARUTI SUZUKI 4H Chart Technical Analysis and potential Elliott Wave Counts: MARUTI SUZUKI 4H chart is highlighting the sub-waves after Minor Wave 3 Grey terminated around 13065 mark. Minor Wave 4 unfolded as a zigzag, terminating around 11,540 mark. Minor Wave 5 pushed through 13680 unfolding as an ending diagonal. The stock has reversed sharply from 13680 levels and is unfolding as an impulse with Minute Waves ((i)) and ((ii)) in place already around 12060 and 13600-50 levels respectively. If the above holds well, prices would continue dragging lower as Minute Wave ((iii)) extends. Conclusion: MARUTI SUZUKI is progressing lower within Minute Wave ((iii)) Navy against 13680 high. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
USDCHF Elliott Wave Analysis - Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day Chart USDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Navy Blue Wave 3 Position: Gray Wave 3 Direction (Next Higher Degrees): Navy Blue Wave 3 (initiated) Details: Navy Blue Wave 2 appears complete, with Navy Blue Wave 3 currently in progress. Wave Invalid Level: 0.87344 The USDCHF daily chart showcases an Elliott Wave analysis highlighting a bullish trend. The current wave structure is defined as Navy Blue Wave 3, part of an impulsive sequence, with Gray Wave 3 actively developing. This indicates sustained upward momentum within a larger bullish framework. Key Insights: Completion of Navy Blue Wave 2: The analysis identifies the conclusion of Navy Blue Wave 2, signaling the onset of Navy Blue Wave 3. Impulsive Waves in Play: According to Elliott Wave Theory, impulsive waves denote strong directional trends. Navy Blue Wave 3 represents a robust bullish phase, with further potential for upward gains. Invalidation Level at 0.87344: A fall below this level would negate the current wave structure, necessitating a reassessment of the bullish scenario. This analysis provides valuable insights into the USDCHF market's bullish outlook. The transition from Navy Blue Wave 2 to Navy Blue Wave 3 highlights strong upward momentum. This trend suggests favorable conditions for traders and analysts to align their strategies with the prevailing bullish sentiment. U.S. Dollar/Swiss Franc (USDCHF) 4-Hour Chart USDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction (Next Higher Degrees): Orange Wave 1 (initiated) Details: Orange Wave C of 2 appears complete; Orange Wave 1 of Navy Blue Wave 3 is underway. Wave Invalid Level: 0.87344 The USDCHF 4-hour chart provides an Elliott Wave analysis pointing to a bullish trend. The wave structure is defined as Orange Wave 1, part of an impulsive sequence, within Navy Blue Wave 3. This indicates ongoing upward momentum within the broader bullish framework. Key Insights: Completion of Orange Wave 😄 The analysis suggests that Orange Wave C of Wave 2 has likely concluded. The market now transitions into Orange Wave 1 of Navy Blue Wave 3. Impulsive Wave Signals Upward Momentum: In Elliott Wave Theory, impulsive waves indicate strong directional trends. The initiation of Orange Wave 1 marks the beginning of a new upward phase within the bullish structure. Invalidation Level at 0.87344: A breach below this level would invalidate the current wave structure, prompting a reevaluation of the bullish outlook. This analysis provides a detailed framework for understanding the ongoing USDCHF bullish trend. The shift from a corrective phase (Orange Wave C) to an impulsive phase (Orange Wave 1) highlights the strengthening upward momentum. Traders can leverage this information to align their strategies with the market's prevailing bullish sentiment. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By cryptoconnect · Posted
While Popcat (POPCAT) and Mogcoin (MOG) have earned their places as top cat coins with impressive growth—POPCAT surging over 7000% and MOG jumping 15000%—both are nearing their market cap saturation points. POPCAT has already crossed a $1 billion market cap, and MOG is close behind. As these well-established meme coins face challenges replicating past explosive gains, a new opportunity arises in the form of CatSlap ($SLAP). Catslap (SLAP) is the new feline in town. The new Ethereum-based meme coin recorded a 2000% jump in just 48 hours of listing. CatSlap ($SLAP) is set to shake up the meme coin market with its unique features and community-driven approach. With its fair launch on decentralized exchanges (DEX), an interactive slapping game called Slapometer, and gamified rewards like the Slap to Earn Airdrop, CatSlap is designed to captivate both new and experienced investors. The token’s 9 billion supply is strategically allocated to liquidity, community rewards, and staking incentives, emphasizing transparency and security. With meme coins gaining popularity, CatSlap ($SLAP) offers a fresh alternative for those looking for new meme coins that could potentially deliver substantial growth. As the meme coin space continues to evolve, CatSlap is positioned to become the next big thing, promising an exciting and interactive experience for its growing community. CatSlap ($SLAP) debuted with a fair launch on Uniswap, ensuring that its token price is purely determined by market demand. Unlike many other projects, there were no presales, early investor perks, or insider deals, giving new investors a fair shot at potential returns. This transparent approach means that all participants enter on equal footing, with no preferential treatment given to select groups. By launching directly on a decentralized exchange (DEX), CatSlap reduces the risks often associated with market price manipulation by whales, making it a more secure and community-driven investment. With no inflated token prices from presale events or early allocations, the fair launch model fosters trust and provides a solid foundation for long-term growth. This focus on transparency and equal access positions CatSlap as an attractive option for those looking for an exciting new meme coin with fair market dynamics. CatSlap ($SLAP) Tokenomics Breakdown The tokenomics of CatSlap ($SLAP) are designed to ensure stability, growth, and long-term success. Here's how the total supply of 9 billion $SLAP tokens is allocated: 50% to Liquidity: This allocation ensures that trading remains smooth, even during volatile market rallies, allowing for quick buy and sell transactions. 20% for Passive Rewards: A significant portion of tokens is reserved to reward holders, promoting engagement and retention within the community. 10% for Community Incentives: Tokens are set aside to incentivize community participation, enhancing the project's growth and creating a vibrant ecosystem. 10% for Development: This portion supports ongoing development and project improvements, ensuring CatSlap’s evolution and scalability. 10% Vested for the Team (over 10 years): The team has locked up 10% of the supply for 10 years, demonstrating their long-term commitment. The vested tokens ensure they stay aligned with the success of the project and are incentivized to work consistently on its development. For more accurate details about CatSlap token, upcoming and ongoing crypto ICOs, you can visit their Coinpedia Launchpad and search for CatSlap listings on various cryptocurrency platforms and social media channels for updates and participation instructions and also find details about other crypto presales, new crypto projects and crypto launchpad calendars.
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