-
-
Posts
-
By tradinglounge · Posted
AMCOR PLC – AMC Elliott Wave Technical Analysis TradingLounge Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with AMCOR PLC – AMC. We see ASX:AMC possibly pushing a little lower in the short term, then possibly starting to push higher with a 3-grey wave. AMCOR PLC – AMC 1D Chart (Semilog Scale) Analysis Function: Major trend (Intermediate degree) Mode: Motive Structure: Impulse Position: Wave 2-grey of Wave (3)-orange Details: Wave 1-grey has ended, and wave 2-grey is pushing a little lower. Then wave 3-grey can come back to push higher. We can also place a pending buy position at the top of wave 1-grey. Invalidation point: 15.20 AMCOR PLC – AMC 4-Hour Chart Analysis Function: Major trend (Minor degree, grey) Mode: Motive Structure: Impulse Position: Wave 2-grey Details: Looking closer since the low at 15.20 wave 1-grey has just completed recently, and wave 2-grey is pushing a little lower, as long as it does not push lower than 15.20 then the view that wave 3-grey will return later is still valid. We can also place a waiting position to buy above the top of wave 1-grey. Invalidation point: 15.20 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for AMCOR PLC – AMC 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! #AMC #ElliottWave #TradingLounge #ASX #ASXStocks #Stocks -
By CryptoChamp · Posted
Ethereum (ETH) has experienced a dynamic price movement, recently declining by 10% after hitting a multi-month resistance level at $4,000. Despite a slight dip to $3,938, Ethereum’s weekly and monthly gains remain strong at 7% and 22%, respectively. This fluctuation has sparked mixed reactions, with on-chain metrics and market sentiment painting a complex picture for Ethereum price today. Bearish signals include a 64.17% decline in Daily Active Addresses (DAA), indicating that ETH’s recent rally lacks strong network activity support. Additionally, ETH coin saw reduced holding times, hinting at potential short-term sell-offs. Meanwhile, the Cumulative Volume Delta (CVD) turned negative, suggesting selling pressure outweighs buying activity. However, long-term Ethereum price prediction trends remain bullish. Analysts anticipate a potential price surge to $15,937 by May 2025, which would mark a new ETH all-time high. Renowned analyst Benjamin Cowen highlights ETH/BTC’s historical momentum gains in December and January, reinforcing optimism for sustained growth. The burgeoning success of Ethereum Exchange-Traded Funds (ETFs) has further fueled bullish sentiment, with ETH news reporting inflows surpassing $1.17 billion since November 29. The BlackRock Ethereum ETF led the charge, attracting $292 million in a single day. While short-term corrections may occur, the combined influence of ETF inflows, increased DApp activity, and broader crypto market resilience positions Ethereum for continued growth into 2024 and beyond. Also Read: Optimism Price Prediction 2024, 2025, 2030 -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave (C) of ((4)) Wave Cancel invalid Level: Details: The corrective of Wave ((4)) before Increase again in Wave ((3)) Dogecoin/ U.S. dollar(DOGEUSD)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. Dogecoin/ U.S. dollar(DOGEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Dogecoin/ U.S. dollar(DOGEUSD) DOGEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Corrective Structure: Flat Position: Wave ((C)) Direction Next higher Degrees: wave (C) of ((4)) Wave Cancel invalid Level: Details: The corrective of Wave ((4)) before Increase again in Wave ((3)). Dogecoin/ U.S. dollar(DOGEUSD)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. Dogecoin/ U.S. dollar(DOGEUSD)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!
-
Recommended Posts
Archived
This topic is now archived and is closed to further replies.