Unlocking ASX Trading Success: V300AEQ ETF UNITS – VAS Stock Analysis & Elliott Wave Technical Forecast
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By tradinglounge · Posted
DELL Elliott Wave Analysis Trading Lounge Daily Chart, Dell Technologies Inc., (DELL) Daily Chart DELL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Minute {iii}. DIRECTION: Upside into wave {iii} of 1. DETAILS: Looking for a bottom in place in wave (4), which as of right now needs additional confirmation, which could be provided by a classic Trading Levels pattern across MG1 of 100$. DELL Elliott Wave Analysis Trading Lounge 1H Chart, Dell Technologies Inc.,(DELL) 1H Chart DELL Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave (i) of {iii}. DIRECTION: Completion of wave (i). DETAILS: Looking for one more leg up towards what appears to be wave v of (i), as we seem to be moving sideways within a triangle. In this Elliott Wave analysis for Dell Technologies Inc. (DELL), we explore both the daily and 1-hour charts to assess the stock's current price action and structure. This provides insight into potential opportunities for traders based on wave positioning and upcoming market moves. * DELL Elliott Wave Technical Analysis – Daily Chart* On the.daily chart, Dell Technologies is in an impulsive within Minute Wave {iii} of 1. The stock is searching for confirmation of a bottom in Wave (4). A key area to watch is MG1 (Minor Group 1) at $100, which could serve as support or a pivot level. A classic Trading Levels pattern around this level would offer additional confirmation that Wave (4) has ended and Wave {iii} is underway. The upcoming price action is expected to be bullish As wave {iii} unfolds, with an initial target likely pushing past the $100 mark. * DELL Elliott Wave Technical Analysis – 1H Chart* In the 1-hour chart, Dell is in Wave (i) of {iii}, and we are approaching the final leg up within Wave v of (i). The stock appears to be moving sideways, forming a triangle pattern, which often occurs before the last thrust in a wave sequence. Once Wave (i) is complete, there may be a minor correction before further upside within Wave {iii} resumes. Traders should monitor the breakout from the triangle, as it will likely lead to the completion of this initial wave. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By Cryptowarrior · Posted
Dogwifhat (WIF), a popular meme token, has defied recent market declines and surged to the top of CoinMarketCap’s gainers list. With strong momentum building, the question is: can this rally continue? Impressive 24-Hour and 7-Day Gains 24-Hour Surge: Dogwifhat’s price jumped by 5.93% in the last 24 hours, reaching $1.97 as per Coinpedia Markets data. 7-Day Growth: Over the past week, the token has grown by 25.58%, signaling a strong bullish trend. Rebound After Decline: After dropping more than 70% from its all-time high (ATH), WIF's current rise has caught the attention of investors and traders alike. Analyst Insights: Is the Bullish Rally Sustainable? Technical analyst Bluntz has pointed out that Dogwifhat successfully broke through a key downtrend line on its daily chart. This breakout is seen as a potential turning point, indicating that the token may be on the verge of sustained bullish momentum. Breakout from Downtrend: Bluntz’s analysis suggests that this could be more than just a temporary price rise, with traders showing renewed excitement about WIF’s prospects. On-Chain Data Backs the Bullish Outlook Further supporting this technical analysis, on-chain data reveals growing interest in WIF. Open Interest (OI): According to Coinglass, WIF’s OI has surged by 29.99%, reaching $304.05 million. This increase in OI signals heightened activity from traders and could lead to further price fluctuations. Long/Short Ratio: In the last 24 hours, the Long/Short ratio sits at 0.9865, showing a slight edge for long positions. This suggests traders are leaning towards a positive near-term outlook for the token. What Lies Ahead for Dogwifhat? With technical analysis and on-chain data both pointing to sustained momentum, Dogwifhat’s recent rally could have room to grow. Wondering where Dogwifhat (WIF) is headed next? For a detailed price prediction and what to expect in the coming days, read our full Dogwifhat Price Prediction article. Don’t miss out on what could be the next big move! -
By CryptoChamp · Posted
Cardano (ADA) is a hot topic in the crypto world lately, as it teeters between key resistance and support levels. Let’s break down where ADA stands right now and what could happen next in this ADA Price Forecast. 1. Current Price Action ADA is trading between $0.33 and $0.37. Resistance is sitting at $0.38, while support is at $0.31. Over the past week, ADA has seen a gain of 11.48%, but it's down 6.35% over the past month. 2. Overbought Signals: RSI Update The Relative Strength Index (RSI) stands at 72.57, suggesting ADA could be overbought. This means there’s a possibility of a short-term pullback. If ADA breaks through $0.38, it could surge toward $0.42, representing a potential 12% rise. However, failing to breach this resistance could push the price back to $0.31 or lower. 3. Key Technical Indicators: What Are They Telling Us? The MACD shows a drop in selling pressure and is close to a bullish crossover, which is a positive sign for future gains. However, the Ichimoku Cloud still flashes bearish signals, indicating possible consolidation before any strong move upward. ADA is also fighting against its 50-day SMA and EMA, and the low trading volume suggests there could be some short-term pullbacks. 4. Cardano's "Coiled Spring" Effect ADA has been trading in a tight range between $0.31 and $0.40, creating a "coiled spring" effect. This means the price could be building up momentum for a significant move, either up or down. If buying pressure increases, ADA could see a strong rally and possibly hit a new all-time high (ATH) in 2025. 5. Downside Risks If Cardano fails to climb past the $0.38 resistance, it could start another decline. Immediate support is near $0.365, followed by the 50% Fibonacci retracement level at $0.355. A break below $0.355 could see ADA testing support at $0.342. 6. What’s Next for Cardano? Cardano is at a crucial point. The next move will depend on whether it can break through the resistance or if it faces further consolidation. Historically, the last quarter of the year has been bullish for the crypto market, so keep an eye on ADA’s movements. In short, ADA could either be gearing up for a breakout or preparing for another pullback. Stay tuned to see how it unfold!
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