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By tradinglounge · Posted
MELI Elliott Wave Analysis Trading Lounge MercadoLibre Inc., (MELI) Daily Chart MELI Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 3 of (5). DIRECTION: Upside in wave 3. DETAILS: Looking for continuation higher in wave (5) which given the length of wave 1 could easily reach the next TradingLevels at 3000$. MercadoLibre Inc., (MELI) 1H Chart MELI Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {ii} of 3. DIRECTION: Bottom in wave {ii} DETAILS: Looking for a wave {ii} as we seem to have what appears to be a triangle in wave (b), therefore a three wave move that fits the wave {ii} narrative. This analysis of MercadoLibre Inc., (MELI) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements. * MELI Elliott Wave Technical Analysis – Daily Chart* The daily chart analysis indicates that MELI is currently in wave 3 of (5), showing strong momentum. This wave is expected to continue moving higher, with targets possibly reaching $3000 based on the length of previous movements. The outlook remains bullish, and traders should watch for signs of further upside. * MELI Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, MELI appears to be in the corrective phase of wave {ii} of the ongoing advance. The formation of what looks like a triangle in wave (b) supports the narrative of a three-wave corrective structure. The expectation is for this correction to complete, setting up for a continuation higher in wave {iii}. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By CryptoChamp · Posted
TRON’s TRX token has maintained steady momentum in recent weeks, highlighting the network’s growing influence across the altcoin ecosystem. This has sparked interest in TRON price prediction trends as it solidifies its position in the market. Here’s a closer look at the recent price trends and TRON’s rise as a leading blockchain for transaction volume. TRX Price Shows Stability Minor Price Drop: TRX price saw only a slight dip of 0.79%, trading at $0.1618. This resilience underscores its strength in the current market. Short-Term Trends: In the past two weeks, TRX crypto rose by 5.6%, while the last week saw a 3.1% increase, tracking closely with the broader crypto market’s bullish trend. TRON Dominates Transaction Volumes Leading Altcoin Transactions: TRON coin has regained its place as a leading blockchain for transaction volume among major altcoin chains. High Transaction Share: According to a CryptoQuant analyst, ‘Maartuun,’ TRON recently managed around 43% of transactions across major altcoin networks, as of October 30. Top Position in October: This surge placed TRON at the top of transaction processing rankings in October, reinforcing its growing influence in the altcoin sector. Positive Network Fundamentals Strengthening On-Chain Activity: TRON’s on-chain fundamentals reflect strong activity, with its transaction volume showing consistent growth and dominance. Relevance in Crypto Market: With its recent achievements, TRON is becoming a key player, especially in transaction-heavy applications, highlighting its value within the crypto market. A Slight Correction in TRX Price 24-Hour Price Change: After reaching a high of $0.1705 in the past day, TRX experienced a minor correction, settling at $0.1684. Long-Term Positivity: Despite this slight pullback, TRX’s overall trajectory remains positive, backed by robust network fundamentals and a bullish market trend. This combination of price stability and transaction volume dominance positions TRON and TRX as significant players in the altcoin market, gaining attention for both technical strength and market appeal. -
By tradinglounge · Posted
Bovespa Index Day Chart Description Bovespa Index Elliott Wave Analysis Trading Lounge Day Chart Bovespa Index Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Direction of Next Higher Degrees: Gray wave 3 (initiated) Details: Gray wave 2 appears complete; gray wave 3 now underway. Wave Cancellation Level: 123065.21 The daily Elliott Wave analysis for the Bovespa Index indicates a trend-driven structure in an impulsive mode, with gray wave 3 actively progressing. Following the apparent completion of gray wave 2, the current position is within orange wave 3, signaling the start of a new advancing phase. This configuration suggests that the Bovespa Index is in the early stages of an upward movement aligned with the primary trend. Gray wave 3, as described in this analysis, represents an impulsive phase typically following a corrective wave, here identified as gray wave 2. This structure implies strong directional momentum, as impulsive waves in Elliott Wave theory generally indicate substantial trend continuation. The ongoing progress of gray wave 3 points to further potential gains, as the wave structure remains intact without breaching critical invalidation levels. The wave cancellation level at 123065.21 is a key threshold in this analysis. Should prices drop below this level, it would invalidate the current wave count and suggest that gray wave 3 may have either stalled or that the current interpretation needs review. Remaining above this level, however, supports the possibility of continued upward movement within the primary trend. In summary, the Bovespa Index appears positioned in an advancing phase, with gray wave 3 now active following the completion of gray wave 2. Located within orange wave 3 of gray wave 3, the current setup aligns with the broader trend direction, reinforcing the likelihood of further gains. The wave cancellation level of 123065.21 is crucial for confirming the integrity of the wave structure and, consequently, the trend’s strength, marking it as an essential validation point in this Elliott Wave analysis. Bovespa Index Weekly Chart Description Bovespa Index Elliott Wave Analysis Trading Lounge Weekly Chart Bovespa Index Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Direction of Next Higher Degrees: Gray wave 3 (initiated) Details: Gray wave 2 appears complete; gray wave 3 now active. Wave Cancellation Level: 123065.21 The weekly Elliott Wave analysis for the Bovespa Index indicates a trend-oriented, impulsive structure where gray wave 3 is progressing. With gray wave 2 considered complete, the current structure is unfolding in orange wave 3, implying that the index is experiencing a significant upward move within the trend. This setup suggests that the Bovespa Index is entering an advanced phase of a broader bullish cycle. In Elliott Wave theory, impulsive waves like gray wave 3 typically demonstrate strong directional momentum and sustained movement in the trend’s direction. The completion of gray wave 2, generally a corrective wave, sets the stage for an uptrend continuation through gray wave 3. With orange wave 3 active within gray wave 3, the current configuration signals potential for further upward price movement, aligning with the higher-degree trend. The wave cancellation level at 123065.21 is crucial in this analysis, serving as an invalidation point for the current wave count. Should the index move below this level, it would suggest that the gray wave 3 setup might not hold, potentially requiring a reassessment of the wave structure and trend outlook. Remaining above this level, however, supports the current wave structure, enhancing the probability of sustained upward momentum. In summary, the Bovespa Index shows strong alignment with the trend within gray wave 3, following the completion of gray wave 2. Positioned within orange wave 3, the current structure suggests continued upside potential. The wave cancellation threshold at 123065.21 is essential for confirming the validity of this bullish wave count, marking it as a critical level to validate the ongoing trend. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!
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Question
PeterTheGrate
Ok, here goes for my first post to IG's Community...
I like to have a trading desktop with a list of instruments plus two charts that are set to different time periods. Let's say that I've got a watchlist with GBPEUR, GBPUSD and USDJPY, and two charts set to 4HOUR and 5MIN. The charts are linked so they show the same instrument, let's say GBPEUR to start with. Next I want to scroll through my watchlist so the charts show each instrument in turn.
PRT: I can click on GBPUSD, the next instrument in the watchlist, and both charts will change to that instrument. Really cool and very easy, but IG thinks I'm not trading enough to get PRT any more :-(
Old platform: I can drag the instrument I want from the watchlist to the bottom left corner of each chart and the chart will then change to that instrument. Not quite as easy as PRT but still ok.
New platform: I can't find any way of doing this.
So, can anyone tell me how to do this with the new platform? And I'm sorry if this question's been asked before - I tried to search for it but there are too many messages with "chart" in the title.
>PTG
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