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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 6 June 23, Chainlink/U.S.dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave V of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid Level: Chainlink/U.S.dollar(LINKUSD)Trading Strategy: The downtrend continues. From the decline of wave 3, which corresponds to the price being below the MA200 line, showing a clear downward trend, expecting wave 3 to have support at 4.129. Ripple/U.S.dollar(XRPUSD)Technical Indicators: The price is below the MA200 indicating a Down Trend, Wave Oscillator are Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 6 June 23, Chainlink/U.S.dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave V of Motive Details: Wave 3 is usually equal to 1.618 multiplied Length of wave 1 Wave Cancel invalid Level: 6.675 Chainlink/U.S.dollar(LINKUSD)Trading Strategy: The downtrend continues. From the decline of wave 3, which corresponds to the price being below the MA200 line, showing a clear downward trend, expecting wave 3 to have support at 4.961. Chainlink/U.S.dollar(LINKUSD)Technical Indicators: The price is below the MA200 indicating a Down Trend, Wave Oscillator are Bearish momentum. -
By tradinglounge · Posted
Bitcoin BTC/USD Summary The 61.8% retracement level is around the 24,000, that said the 25,000 is the larger price point (Medium Level) and we can expect the price to swing above and below this level and could take about 4 or 5 days to bottom into Wave ii) low Elliott Wave 4) of iii of (c) of ii) Strategies: Once Wave (c) of ii) is completed, we simply need to wait and observe the first impulse wave upwards as part of the next long trade setup using the abc at a level as the trade setup. Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com Access trial at tradinglounge -
By tradinglounge · Posted
Tech Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL Stock Market Summary: Tech stocks remain in bullish trend. Elliott Wave Analysis: APPL is in Wave (a) of an (a) (b) (c) Wave iv) correction, this will affect ETFs and the Nasdaq 100. This correction should be completed at the end of the next trading session. The tech stocks in this video are fine in their bullish trend structures. Trading Strategy: Longer term traders can simply hold as the main trend structure as a bullish trend is in place. Video Chapters 00:00 Apple (AAPL) 09:35 Amazon (AMZN) 10:54 NVIDIA (NVDA) 15:44 Meta Platforms (META) 17:41 Netflix (NFLX) 19:20 Alphabet (GOOGL) 21:33 Microsoft (MSFT) 25:16 Tesla (TSLA) 31:35 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com
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