Author: Lucas Peterson
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Ethereum (ETH) Analysis
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Ethereum appears to be in its overarching Wave 5, which is forming an ending diagonal pattern. This structure implies that each wave within Wave 5 is composed of three-part (A-B-C) corrective waves, rather than impulsive waves. Within this context, we are either in Wave 4 or have already started Wave…
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Gold (XAU/USD) Analysis
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Gold appears to be in Wave 3 on the higher time frame, with the current movement likely representing Wave 4 of Wave 3. We have marked key support levels that could serve as areas for potential bounces or accumulation. Current Wave Structure Strategic Positioning Given the current setup, a gradual…
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Fetch.AI (FET)
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According to our analysis, Fetch.AI (FET) remains in Wave 2 of an overarching corrective Wave C. This suggests that the recent upward movement was actually Wave B of Wave 2, implying that the primary trend is still corrective, and further downside is expected before a significant bullish reversal. Wave C…
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Bitcoin
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Bitcoin remains in the same HTF analysis as previously outlined. There are two potential scenarios: Low Time Frame (LTF) Analysis When analyzing the LTF, it appears that Wave 5 is taking the form of an ending diagonal. This is characterized by three-wave movements within each sub-wave of Wave 5, which…
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Ethereum (ETH) Elliott Wave Analysis – Comprehensive Outlook!
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Broader Structure and Ending Diagonal: Ethereum has been showing weaker price action compared to previous bull cycles. This is largely due to the development of an Ending Diagonal, a pattern that typically signals the final stages of a bullish cycle. The Ending Diagonal introduces overlapping wave structures, making it harder…
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Bitcoin (BTC) Elliott Wave Analysis!
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WXY Corrective Pattern Overview: Similar to our analysis on Solana, Bitcoin also appears to be following a WXY corrective structure. Within this pattern, the current market is completing a three-wave Y structure. We have already seen the completion of Wave A, and we are now navigating through Wave B, which…
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Solana (SOL) Elliott Wave Analysis:
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WXY Correction and the Path Forward: Initially, Solana appeared to be consolidating within a triangle pattern, but the structure was erratic and lacked clarity. After re-evaluating the price action, we have re-labeled it as a WXY correction. This structure provides a cleaner and more coherent view of the current price…
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S&P 500 Elliott Wave Analysis
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Current Elliott Wave Structure: We are currently tracking the 5th and final wave of a larger Elliott Wave cycle, specifically within Wave 4 of Wave 5 of the broader structure. Despite recent market activity, we believe that Wave 4 has not yet completed, and further downside potential remains. Looking closely…
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Elliot Wave Analysis of Ethereum
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Ethereum’s current wave structure seems to suggest weakness, particularly as it fails to exhibit characteristics of a strong impulsive wave. The current structure, especially Wave 2, lacks the definitive strength typically seen in upward impulses. Instead, Ethereum seems to be developing into a more corrective structure, which could indicate the…