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10/06/21 10:53
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Posts
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By tradinglounge · Posted
EURUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 26 September 23 Euro/U.S.Dollar(EURUSD) 4 Hour Chart EURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: impulsive Structure: blue wave 3 of 3 Position: black wave 3 Direction Next lower Degrees: blue wave 3 of black wave 3 started Details: blue wave 2 looking completed at 1.07367,now blue wave 3 in play . Wave Cancel invalid level: 1.07367 The EUR/USD Elliott Wave Analysis on 26 September 23, focuses on the 4-hour chart of the Euro/U.S. Dollar (EUR/USD) currency pair. Employing Elliott Wave theory, the analysis aims to provide insights into potential market trends and movements. The identified Function in this analysis is "Counter Trend," indicating a focus on identifying and interpreting market movements that are contrary to the prevailing trend. In this context, "counter trend" suggests the analysis is aimed at potential reversals or corrections within the market. The Mode is described as "impulsive," which suggests that a strong and directional price movement is expected. In this case, the focus is on an impulsive wave sequence within the market. The Market Structure is outlined as "blue wave 3 of 3." This indicates that the analysis is centered on the development of the third wave within the third larger wave structure, emphasizing its significance within the Elliott Wave sequence. The Position specifies that the analysis is focused on "black wave 3." This suggests that the third wave within the broader wave structure is a key area of interest in the analysis. The Direction Next Lower Degrees points to the initiation of "blue wave 3 of black wave 3." This indicates that the analysis is attentive to the development of the third sub-wave within the third wave, highlighting its potential impact on the market. In the Details section, it is noted that "blue wave 2" is deemed to be completed at 1.07367, and the market is now in the phase of "blue wave 3." The "Wave Cancel invalid level" is specified as 1.07367, providing a reference point for traders. In summary, the EUR/USD Elliott Wave Analysis on 26 September 23, suggests that the market is in a counter-trend phase, with a strong impulsive movement in progress, specifically focusing on the development of "blue wave 3 of 3" within the third wave structure. Traders are advised to monitor this sub-wave for potential trading opportunities, keeping in mind the specified invalid level as a reference for risk management. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 26 September 23, Monero/U.S. dollar(XMRUSD) XMRUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave (5) Direction Next higher Degrees: Wave ((C)) of Zigzag Wave Cancel invalid Level: Details: The decline of wave (5) equal to wav (1) at 131 Monero/U.S. dollar(XMRUSD)Trading Strategy: Monero is still on a downtrend, due to the price is below the MA200 line also we have a wave C incomplete so the price has an opportunity to continue the decline. Monero/U.S. dollar(XMRUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish momentum. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Source : Tradinglounge.com get trial here! Elliott Wave Analysis TradingLounge 4H Chart, 26 September 23, Monero/U.S. dollar(XMRUSD) XMRUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Triangle Position: Wave D Direction Next higher Degrees: Wave (4) of Impulse Wave Cancel invalid Level: Details: the Movement within Triangle wave D equal 61.8% of wave B at 140.932 Monero/U.S. dollar(XMRUSD)Trading Strategy: Monero is still on a downtrend, due to the price is below the MA200 line also we have a wave C incomplete so the price has an opportunity to continue the decline Monero/U.S. dollar(XMRUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, RSI is a Bearish momentum. -
By BashJasper · Posted
For me, AI can be the most efficient innovation in crypto in a long while. Reliability could certainly grow to an unprecedented high if more improvements are made because I think it's not a finished product yet. I've had the privilege to use some AI-backed trading tool on some platforms like the AI grid bot on bitgetglobal and the algorithm used is quite average at this stage but maybe close to the best at the moment. It simplifies complex trading strategies in one move making it possible to make informed trading decisions on behalf of the user. My take on whether or not it hasn't driven up adoption is that adoption are somewhat slow subject to the volatility of the crypto market and the recent rise in need for regulatory conformity
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