LTOUSDT – Wave C Correction Ending Soon? Multi-Timeframe ElliottTimeframe: Monthly (Logarithmic View)
Pair: LTOUSDT
Methodology: Elliott Wave Theory + Fibonacci Extension + Divergence Analysis
This analysis suggests that LTOUSDT is currently undergoing a complex corrective structure within the second major wave on the monthly timeframe, interpreted as part of a larger Elliott Wave cycle.
Wave A appears to have formed a double zigzag pattern.
Wave B is identified as an expanded flat, displaying strong internal complexity.
Wave C, which is currently in progress, also shows characteristics of a double zigzag, suggesting we are approaching the final leg of this corrective phase.
Further internal structure mapping indicates:
The market is likely completing Wave 5 of Wave 3 of Wave C of Wave Y of Wave B, based on lower timeframe breakdowns.
Indicators:
Despite clear bullish divergence observed on both the MACD and RSI in the Monthly chart, no confirmation of reversal has occurred yet.
These divergences, in combination with the completed corrective structure, point toward a potential trend shift, pending fundamental confirmation.
External Factors:
The asset has recently received a Monitoring Tag on Binance, which may be influencing investor sentiment and delaying technical reversals.
Broader macroeconomic uncertainty, including potential changes in U.S. interest rate policy and recent tariff-related geopolitical developments, may also be contributing to current price stagnation.
Fibonacci Logarithmic Extension Projection (Wave 3 Potential Targets):
Based on Wave 1 ($0.02 → $0.909) and Wave 2 retracement to $0.0247, the following Fibonacci log-scale targets are calculated:
Extension Ratio Projected Target Price
1.000 $1.21
1.272 $3.1
1.618 $11.8
Note: These are long-term log-scale projections and should be adjusted based on evolving price action and structure validation.
Invalidation Level:
Wave count would be invalidated upon a breach below $0.02 or Fibonacci Extension 100% of Wave 1 → 2 → 4 projection within Wave 3, as previously defined on lower timeframes.
This post is meant to highlight structural observations from a purely technical standpoint and does not constitute financial advice. Further validation across timeframes is advised.
Monitoring
AUD/JPY Triangle Forming, possible Breakout!OANDA:AUDJPY is forming a nice triangle on the hourly chart.
Beware of possible breakout, monitoring the pair for a good entry.
IRIS finishing primary correction soon, turning back to impulse?Hi. In this 1D chart I've done a retracement of intermediate Elliott waves and charted the primary waves. I've concluded that a primary correction wave is about to finish.
Symbol NASDAQ:SCWX has a similar sector, product and an almost equal Enterprise Value.
It's current price is 13.22 $ or 110 SEK.
I value $IRIS at around the same price.
Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods.
This does not constitute financial advice.
Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
USOIL: closely monitoring..which direction going to go?Global uncertainty around coronavirus still present and oil price is pretty much under selling pressure..
..according to the trend it seems logical to join bears if the price closes below the triangle chart pattern formed on 4h time-frame.
However, if there will be any sign of positiveness regarding vaccine or OPEC members decide to cut the supply of oil the price should go up, so it's better to be prepared for joining bulls from a certain point.
Enter/exit levels are on the chart, decent R:R in both cases.
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Disclaimer:
The published idea is my opinion, not investment advice.
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Stellar Lumens Scénario a surveiller Le Stellar a connu une chute de son cours aux alentours des 40 % depuis fin Mars 2018...mais ces derniers jours le cours a repris des couleurs connaissant un regain de vivacité l'amenant à sortir du triangle en rouge pour enfin reprendre environ +40 % par rapport à son dernier plus bas !
Les cours ont connu une hausse depuis le 23 Septembre passant de 0.0000357 à 0.000044 faisant même jusqu'à 24% de hausse en moins de 24 h !
A l'heure actuelle on est donc toujours au-dessus de l'oblique qui fait désormais office de support . Le cours se maintient toujours à ce jour du 27/09/2018 au-dessus .
Mais un niveau important se situe aux alentours des 0.000037 btc et en cas de franchissement de cette limite inférieure , le niveau pour entrer à nouveau dans le marché, en cas de cassure, serait de 0.000032 ...
CONCLUSION :
le XLM -3.09% doit être surveillé de près et en particulier la réaction sur l'oblique
