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XRP has been on fire lately! Just last week, it was trading at $1.36, and it’s goes to an all-time high of $2.80. That’s more than double in just a week! Breakouts like this don’t happen often, and when they do, they open the door to incredible opportunities. Right now, XRP is one to watch closely. If you’re trading futures, this could be the time to capitalize on the volatility with the right risk management in place. However, if you’re trading with leverage, and remember To make the most of this moment, check out Bitget’s Diamond Thursday event. By trading XRP or other trending coins like BTC and TRX, you can share in a prize pool worth 150,000 USDT. It’s the perfect way to earn extra rewards while taking advantage of the current market action. Don’t wait too long—the promotion ends soon! -
By tradinglounge · Posted
Technical Analysis SP500 (SPX), NASDAQ 100 (NDX), Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Alphabet (GOOGL), Bitcoin (BTC). Stock market Elliott Wave and trading strategies: Apart from NVDA, various market indices and numerous prominent stocks are likely to continue edging higher within the current upward trend this week. However, based on Elliott Wave analysis, it appears that many of these markets are advancing into later-stage corrective phases, specifically wave fours, indicating a potential slowdown or consolidation before the next rally leg. Below are the detailed Elliott Wave positions for key markets and leading technology stocks: S&P 500 (SPX): Currently positioned in Wave ii of (v) of iii) of 5 of (5) of 3). This suggests a near-term corrective pullback before the final thrust higher within the larger bullish sequence. NASDAQ 100 (NDX): Progressing through Wave v of (iii) of iii) of 5 of (5) of 3). This indicates the NASDAQ 100 is likely in the latter part of a strong impulsive advance. The current wave count suggests that while some upside may remain, a more significant correction could be on the horizon. Apple (AAPL): In Wave (iv) of iii) of 3. Apple is working through a fourth-wave consolidation phase within an ongoing third wave. This pause typically sets the stage for another push higher, but only after the current corrective pattern runs its course. Amazon (AMZN): Positioned at Wave iii of (iii), reflecting a particularly strong impulsive segment in Amazon’s broader trend. This phase often marks powerful, sustained upward movement, although it may eventually give way to a more noticeable corrective pullback later. NVIDIA (NVDA): Currently in Wave (a) of ii). Following an impressive rally, NVIDIA is in an initial corrective subwave of a second-wave pullback, suggesting that while some retracement is underway, the larger trend could still be up after completing this correction. Meta Platforms (META): In Wave iv of (v) of iii). Meta is experiencing a fourth-wave pause before what is likely a final push higher in the near term. Once this corrective pattern completes, there may be one more wave of upside before a more substantial correction occurs. Netflix (NFLX): Progressing through Wave iv of (iii) of iii) of 3. This indicates a consolidation phase within a strong, impulsive advance. While this mild corrective wave plays out, it sets the stage for a resumption of the uptrend afterward. Alphabet (GOOGL): Currently in Wave (ii) of v). Alphabet appears to be undergoing a second-wave pullback within a fifth-wave rally. Following this consolidation, the stock may find renewed strength to move higher in the broader uptrend. Microsoft (MSFT): Positioned in Wave iv of (iii) of iii) of 3. Similar to several other large-cap tech stocks, Microsoft is experiencing a fourth-wave correction that, once complete, could lead to an additional upward leg. Tesla (TSLA): In Wave 1) of v of (iii). Tesla appears to be at the start of a new advancing wave, indicating a potential continuation of its longer-term uptrend after completing its prior corrective segment. Bitcoin (BTC): Progressing through Wave (3), which often marks a dynamic and extended upward push. This suggests Bitcoin may continue to climb, though traders should remain aware of potential volatility inherent in the cryptocurrency market. Overall, while the general trend for many major indices and leading technology stocks remains upward, signs of late-stage waves and developing corrections imply that these markets may be due for pauses, pullbacks, or more complex consolidations before resuming their longer-term bullish trajectories. Analyst Peter Mathers TradingLounge™ Source: tradinglounge.com -
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Guest Terry2018
ASX 200 Jumps 130 points at 5.43AM to 5744 and then went down to close 130 points lower at 5616 within seconds. What could cause this massive fluctuation
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