marcyacoub

marcyacoub

Zooming into Big Wave (4), BTC/USD ended its big ABC correction to the upside with 5 waves up inside big wave C. Using Fibonacci Extension from wave ii to wave iii to wave iv, we can see that Bitcoin didn't manage to break above $42,000 which is a critical level for BTC and also the 100% Fibonacci Extension. Not breaking above $42,000 towards the 161.8%...

marcyacoub

Using only price action, Silver is currently trading inside a descending structure that has been getting tighter and tighter. Also, Silver finished five ABCDE waves inside this structure and created a bull flag after retesting the upper trendline which I expect to break to the upside. From a fundamental perspective, US10Y is trading today at 1.18%, and I still...

marcyacoub

ETH/USDT broke the ascending channel which is inside a bigger ascending, and it is known that when the price breaks an ascending channel, our target should always be the beginning of the channel. As I always say, cryptocurrencies are known for long and annoying retests such as this bearish flag it created after breaking the ascending channel. Using Fibonacci...

marcyacoub

Theta/USDT broke the ascending channel which is also a continuation pattern for more downside. Our first target is 5.4000. Breaking 5.4000 will push it for more downside towards 4.9166 which is the 100% Fibonacci Extension. Good luck everyone.

marcyacoub

As you can see, XRP finished 5 waves up with wave 5 as a leading diagonal which was broken. Look for a short position on XRP after retesting the lower trendline. Cryptos are usually known for long retests, so wait for the retest to capitalize on this trade. Our first target is the beginning of the leading diagonal at 0.70000. Breaking 0.7000 will push XRP towards...

marcyacoub

As you can see, USD/CAD finished 5 waves up and is currently in its corrective cycle. From a price action perspective, USD/CAD broke the ascending channel, and it is known that usually when the price breaks an ascending channel, our first target is the beginning of the channel. The price is currently trading inside a bearish flag which I expect to break strongly...

marcyacoub

AUD/JPY is currently trading inside a descending ABCDE structure. I expect to see a breakout to the upside for wave (v) towards 81.91 which is the 78.6% Fibonacci Extension level as a first target. Since wave 4 still didn't manage to break below the top of wave (I), this buy setup is still valid. A stronger AUD/JPY could be caused by a correction to the downside...

marcyacoub

EUR/USD has been in a downside correction for the past 2 months. As you can see, EUR/USD finished 5 waves down and currently is breaking above the ending diagonal (wave 5). Our first target is the beginning of the descending structure which is the previous wave 4 at 1.1960 and also the 38.2% Fibonacci Retracement level. Let's first consider this move to be a...

marcyacoub

After reaching its swing low, ONE/USDT went 5 waves up inside an ascending channel . As you can see, ONE/USDT reached its 5th wave in a leading diagonal formation which we expect to be broken in order to start the ABC corrective intermediate cycle. My target for the ABC correction is the previous wave 4 (0.06300). If ONE manages to break below this level, we may...

marcyacoub

After reaching its $1,716 swing low again, ETH/USDT finished 5 waves up with a very corrective behavior. If ETH/USDT doesn't manage to break the upper trendline (Daily important trendline), we could see an ABC correction towards retesting the previous wave 4 at $2,000 as a first target which is also the 38.2% Fibonacci Retracement level. If the price manages to...

marcyacoub

Looking at the 2H chart, Gold finished 5 waves up and started with its ABC correction. Using Fibonacci Retracement, the price retraced 78.6% with wave B. thus making it an amazing sell opportunity on Gold towards retesting the previous wave 4 at $1,793. If the price doesn't manage to break $1,793, we could see a strong impulse to the upside. From a fundamental...

marcyacoub

2020 was one of the best years on record for gold, as investors piled into the safe-haven asset amid geopolitical and economic uncertainty. The precious metal even hit a record high of $2,075 on August 7, 2020. But I don't see gold repeating its stellar performance in 2021. Instead, I see other metals- including silver and platinum - outperforming gold during the...

marcyacoub

Keeping it very simple this time. As you can see, ETH/USDT broke the falling wedge and retested on the 4H chart, thus I expect to see a quick move towards the 61.8% Fibonacci Retracement level at $2,184 as our first target. Breaking it will push ETH/USDT towards the beginning of the descending formation at $2,400. If you look at my long-term analysis on Bitcoin,...

marcyacoub

There’s no reason for investors to buy Bitcoin at the moment. If you have been following my analyses you know that I have been mentioning a lot "BTC towards 22k" and "Wait for the right dip"; however, I think that we could reach way lower levels. When we look at the history of crypto (Grand Cycle) and we look at where we are, I really do believe this is probably a...

marcyacoub

EUR/NZD went 4 waves down (Daily Chart), and now is the perfect time to capitalize on this amazing continuation pattern to the downside for wave 5. As you can see, combining price action and Elliott Waves, EUR/NZD entered in an upside correction to the upside when also DXY started its ABC correction to the upside. Since AUD and NZD are both called high yield...

marcyacoub

In the past few months, Tesla’s share price surpassed $880, ten times its March 2020 low of $85, giving the company a market capitalization (or total value) in excess of $880 billion – more than Toyota, Volkswagen, Daimler, General Motors, BMW, Honda, Hyundai, and Ford combined. That Is an extraordinary amount for a company that only last financial year made its...

marcyacoub

Looking at the Daily Chart, AUD/USD finished 5 waves up and started with its big ABC correction, and now we are currently in big wave C. In order to see what are the targets for wave C, we use our Fibonacci Extension. Our first target is the 100% Fibonacci Extension at (0.74127). Breaking the 100% Fibonacci level will push AUD/USD for more downside towards the...

marcyacoub

USD/CHF finished 5 waves down, and it is known according to the Elliott Wave Principle that when a certain product finishes 5 waves down, an ABC correction is definitely expected. USD/CHF finished wave A and B and now we are currently in wave C which sometimes can be constituted of 3 waves or 5 waves. Looking at the 4H chart, we can easily spot that wave C here...