Dogecoin Crypto Price News Today Elliott Wave Technical Analysis
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By tradinglounge · Posted
Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with ASX LIMITED - ASX. We observe that ASX LIMITED is approaching the end of wave 2-grey, but needs more evidence on price action for confirmation, also allowing wave 3-grey to be opened to push higher thereafter. ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis ASX: ASX LIMITED - ASX 1D Chart (Semilog Scale) Analysis Function: Major (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave 3-grey Details: The short-term outlook shows some evidence that wave 2-grey has ended. Wave 3-grey appears to be unfolding to push higher. Invalidation point: 58.17 ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis TradingLounge (4- Hour Chart) ASX: ASX LIMITED - ASX Elliott Wave Technical Analysis ASX: ASX LIMITED - ASX 4-Hour Chart Analysis Function: Major Trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave iii-grey of Wave (iii)-orange Details: The shorter-term outlook shows that wave (iii)-orange is unfolding, and it is subdividing into waves i,ii,iii-grey; Now wave iii-grey continues to push higher, aiming for targets like 62.07 or 62.99 or even beyond. Invalidation point: 59.06 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: ASX LIMITED - ASX 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! -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, TRON/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave V of Impulse Wave Cancel invalid Level: 0.1051 Details: the five-wave increase of Wave ((3)) TRON/ U.S. dollar(TRXUSD)Trading Strategy: Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we will focus on a five-wave rising impulse pattern, looking for opportunities from the correction to join the uptrend. TRON/ U.S. dollar(TRXUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, TRON/ U.S. dollar(TRXUSD) TRXUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave V of Impulse Wave Cancel invalid Level: 0.1051 Details: the five-wave increase of Wave ((3)) TRON/ U.S. dollar(TRXUSD)Trading Strategy: Overall, TRON is still in an uptrend. It is likely to be higher than 0.1442, so we will focus on a five-wave rising impulse pattern, looking for opportunities from the correction to join the uptrend. TRON/ U.S. dollar(TRXUSD)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! -
😀 Ethereum Name Service Dominates NFT Market 😄 The Ethereum Name Service (ENS) took center stage in the NFT market with revenues exceeding $4.27 million. Although not an NFT collection per se, ENS uses NFT technology in its decentralized URL method on the Ethereum blockchain. This method allows users to convert Ethereum addresses into readable formats. Essentially, an ENS domain registration grants a distinct NFT linked to the chosen domain name, which can be transferred or sold like any other NFT. Diverse Range of Top Sellers Following ENS, the $PIZZA BRC-20 NFTs, hosted on the Bitcoin blockchain, secured the second position with $2.18 million in sales. Despite topping the charts on Sunday with $7.12 million, this collection's sales fell. The Guild of Guardians Avatars on the Immutable network took third place with $1.24 million in sales. The Blast’s Fantasy Top collection came in fourth with sales of $987,910, while the Genesis Fanta Field collection on Solana debuted in the top 10 with $635,539 in sales. The DMarket collection, part of the Mythos network, made an impact with $583,411 in sales, coming in sixth. The Bored Ape Yacht Club, a flagship NFT from Yuga Labs and the second-highest seller ever, finished the day in eighth place with $470,907 in sales. The OKX NFT Creation series on Polygon took eighth place with $414,817 in sales. Two more Polygon collections, Matr1x Fire Weapon and TTAvatars, rounded out the top 10 with sales of about $350,000 each. Blockchain Breakdown Ethereum, led by ENS, commanded the highest daily sales at $8.45 million, a significant increase from $4.51 million the day before. The Bitcoin blockchain saw daily sales of $4.11 million, down from $11.03 million reported on June 9. Solana blockchain sales were $2.68 million, while transactions on the Polygon blockchain totaled $2.44 million, reflecting greater volume. Immutable recorded $1.56 million in sales, and the Blast blockchain saw $988,646 in sales.
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