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By CryptoChamp · Posted
Ethereum Classic (ETC) has experienced several price shifts, leaving investors wondering what the future holds. Here’s a breakdown of the recent trends and price predictions for ETC. Current Price and Market Status Current Price: ETC is trading at $18.46. Short-Term Outlook: ETC could face resistance around $25.50, but bearish movements might push it to a low of $15.00. Bullish and Bearish Scenarios Bullish Potential: If bulls take control, ETC could hit $55 by the end of 2024. A long-term high of $158.76 is predicted by 2030. Bearish Risks: If the market turns bearish, ETC could decline to $12.65 with an average of $33.82. Market Trends and Patterns Bearish Trends: ETC is currently under a declining trend with lower trading volumes. A death cross between the 50-day and 200-day EMAs signals possible further downside. Bullish Breakout: In 2023, ETC broke a significant lower-high pattern and surged to $21.80, indicating a potential trend reversal. Price Predictions for 2025 Optimistic View: ETC could reach $60.12 if the momentum continues. Cautious Estimate: If Ethereum Classic remains inactive, the price may stay around $41.76, with an average of $49.08. Want a detailed Ethereum Classic price prediction? Keep reading for insights -
By tradinglounge · Posted
SPOT Elliott Wave Analysis Trading Lounge Daily Chart, Spotify Technology S.A., (SPOT) Daily Chart SPOT Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave 5 DIRECTION: Completion in wave 5 DETAILS: We are now trading within MinorGroup2 of 300$, specifically around 372$ and 380$. Looking for further upside within wave 5 towards the next TradingLevel at 500$. Spotify Technology S.A.,(SPOT) 1H Chart SPOT Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 5. DIRECTION: Looking for a bottom in wave{ii}. DETAILS: Looking for a bottom in wave {ii} of 5 to then resume higher within Minor wave 5. This analysis of Spotify Technology S.A. (SPOT) focuses on both the daily and 1-hour charts, using the Elliott Wave Theory to assess current market trends and forecast future price movements. * SPOT Elliott Wave Technical Analysis – Daily Chart* On the daily chart, SPOT is progressing through Wave 5 of an impulsive structure. Currently, the stock is trading within MinorGroup2, between $372 and $380. The next major upside target lies at TradingLevel 500, which suggests that there is significant room for further gains within Wave 5. Given that SPOT is advancing through the final wave of the current structure, traders should watch for potential consolidations as the stock nears key psychological levels like $400 on its journey toward $500. However, the overall bullish momentum remains strong, suggesting continued upside potential. * SPOT Elliott Wave Technical Analysis – 1H Chart* On the 1-hour chart, SPOT is in the early stages of Wave 5 and is currently forming Wave {ii} of 5. The market is looking for a bottom in Wave {ii}, which, once confirmed, should lead to a resumption of the upward movement within Wave 5. This could present an ideal buying opportunity for those looking to capitalize on the completion of Wave {ii} and the subsequent move higher. The next upside targets should be around $400 in the near term, before further extension toward the longer-term target at $500. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
By tradinglounge · Posted
NTPC – NTPC (1D Chart) Elliott Wave Technical Analysis Function: Larger Trend Higher (Intermediate degree Wave (5), orange) Mode: Motive Structure: Impulse Position:, Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy, is progressing higher towards 455, within Minor Wave 5 of Intermediate Wave (5) Orange. Alternatively, Wave 5 could be complete around 448-50. Traders may tighten risk to 386. Invalidation point: 386 NTPC Daily Chart Technical Analysis and potential Elliott Wave Counts: NTPC daily chart is suggesting potential termination of Intermediate Wave (5) Orange around 448-50 levels. The stock has pulled back from the above highs and is trading around 430 mark at the time of writing. A break below 386 will confirm a major top in place. NTPC has risen since October 2023 after carving low around 220-25 range, which is marked as Intermediate Wave (4) Orange. Minor Waves 1 through 5 are also looking complete as Wave 2 unfolded as a combination while Wave 4 was a sharp drop to 314 on June 04, 2024. If the above proposed NTPC Elliott Wave counts hold, the stock should stay below 448 and continue lower towards 386 in the near term. Alternatively, Minute Wave ((v)) Navy could push further towards 455-60 range before terminating. NTPC – NTPC (4H Chart) Elliott Wave Technical Analysis Function: Larger Trend Higher (Intermediate degree Wave (5), orange) Mode: Motive Structure: Impulse Position:, Minute Wave ((v)) Navy Details: Minute Wave ((v)) Navy, is progressing higher towards 455, within Minor Wave 5 of Intermediate Wave (5) Orange. Alternatively, Wave 5 could be complete around 448-50, just shy by a few points off the fibonacci 0.619 extension at 455. Invalidation point: 386 NTPC 4H Chart Technical Analysis and potential Elliott Wave Counts: NTPC Elliott Wave counts for 4H is indicating a five wave rally between 314 and 448 levels, terminating Minute Wave ((v)) of Minor Wave 5. If correct, the stock is now underway to break below 386, which is Minute Wave ((iv)) as marked here. Conclusion: NTPC might have carved a major top around 448 as fifth wave terminates at multiple degrees; Minute, Minor and Intermediate. Alternatively, the stock might push through 455-60 highs before reversing lower. Elliott Wave Analyst: Harsh Japee Source : Tradinglounge.com get trial here!
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Question
heyho
Can you fix the Directional Movement to show a fixed level and then to highlight either side??
Thanks
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