Jump to content

Unlocking ASX Trading Success: WISETECH GLOBAL LIMITED - WTC Stock Analysis & Elliott Wave Technical Forecast


Recommended Posts

Posted
ASX: WISETECH GLOBAL LIMITED - WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)
 
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED - ASX. We see that WTC may continue to push lower as wave ((iv))-navy is still developing. Following that, we expect wave ((v))-navy may return to push higher.
 
ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis  
ASX: WISETECH GLOBAL LIMITED - WTC 1D Chart (Semilog Scale) Analysis
Function: Major trend (Minor degree, grey)
Mode: Motive
Structure: Impulse
Position: Wave (y)-orange of Wave ((iv))-navy
Details: The short-term outlook shows that wave ((iii))-navy has just ended and wave ((iv))-navy is opening to push lower, the immediate target can find support around 84.74.  
Invalidation point: 68.15
Asx24(1).thumb.png.9ba68dc49a10a97c1b5668f373ce631b.png
 
ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis
TradingLounge (4-Hour Chart)
ASX: WISETECH GLOBAL LIMITED - WTC Elliott Wave Technical Analysis
ASX: WISETECH GLOBAL LIMITED - WTC 4-Hour Chart Analysis
Function: Major trend (Minute degree, navy)
Mode: Corrective
Structure: Double Zigzag
Position: Wave (y)-orange of Wave ((iv))-navy
Details: Short term outlook shows wave ((iv))-navy is unfolding to push lower, price action is developing as Double Zigzag (w),(x),(y)-orange, wave ( Y The )-orange currently being formed opens and pushes lower, and at the same time divides into waves a, b, c-gray. It could target around 84.74.
Invalidation point: 100.87
Asx24.thumb.png.d0a3dda5dd4ab093b26822efc92c7b45.png
 
Conclusion:  
Our analysis, forecast of contextual trends, and short-term outlook for ASX: WISETECH GLOBAL LIMITED - WTC aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends.
 
Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).
Source : Tradinglounge.com get trial here!
 

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

    • Ethena (ENA) shows strong bullish momentum, making $3 a realistic target by 2025. With growing adoption, increasing trading volumes, and positive market sentiment, Ethena's price trajectory looks promising. Technical indicators, such as the Golden Cross and overbought RSI, further support this upward trend, attracting both investors and crypto enthusiasts. Currently trading at $0.96, Ethena has shown strong bullish momentum, recovering from lows of $0.2 earlier this year. The coin experienced a recent high of $1.04 and is heading toward a critical resistance zone between $0.98 and $1.05. A breakout from this level could pave the way for a surge toward a new all-time high (ATH). The 24-hour trading volume has surged by over 43%, reaching $457.99 million, while the market cap has climbed to $2.88 billion. With 92% bullish sentiment and a Fear-Greed Index of 85 (extreme greed), market confidence remains high. The Coinpedia Market gives us the price chart of Ethena price  Explore the Ethena price prediction and its potential to reach $3 by 2025, driven by strong market momentum and bullish trends. According to Coinpedia data Ethena's technical indicators show strong bullish signals, with a Golden Cross occurring as the 50-day and 200-day moving averages cross, indicating upward momentum. The RSI is at 76.61, signaling overbought conditions but reflecting growing bullish sentiment. Key resistance levels are at $1.008 and $1.21, while support sits at $0.465, highlighting crucial price zones for future movement. Ethena offers innovative solutions like its synthetic dollar protocol and "Internet Bond," drawing attention from the DeFi space. With market optimism and a bullish trend, Ethena remains a promising investment for 2025 and beyond.  
    • Hi @MattAnt, To find the US shares available for your IG self-invested SIP account, simply click on the Shares list on the left-hand side of the platform. From there, use the filter option to select the country and choose US. This will display the list of US shares available for you. All the best, AshishIG
    • Elliott Wave Analysis TradingLounge Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse position: Wave (3) Direction Next higher Degrees: wave V Wave Cancel invalid level:  Details: The five-wave rise of wave V is likely equivalent to wave (I). Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Wave (3) appears to have ended and price is now entering a correction phase in wave (4), so wait for the correction to complete to rejoin the trend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Bitcoin/ U.S. dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse position: Wave (4) Direction Next higher Degrees: wave ((3)) Wave Cancel invalid level: Details: Retracement of wave 4 before rising again in wave 5. Bitcoin/ U.S. dollar(BTCUSD)Trading Strategy: Wave (3) appears to have ended and price is now entering a correction phase in wave (4), so wait for the correction to complete to rejoin the trend. Bitcoin/ U.S. dollar(BTCUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst: Kittiampon Somboonsod Source : Tradinglounge.com get trial here!  
×
×
  • Create New...
us