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The BTCUSD market has completed the development of a horizontal correction (4). Wave (4) serves as a contracting triangle A-B-C-D-E. Afterward, wave (5) started unfolding as impulse 1-2-3-4-5. Shortly, expect a price rise to 38900.00, where sub-wave (5) will be 76.4% of the previous impulse wave (3). Trading plan for BTCUSD today: Buy 36967.78, Take profit: 38900.00. […]

The oil short-term downtrend continued last Friday. The price broke out the low of November 2. Today, the short-term downtrend should continue, and one could expect the price to test the Target Zone 79.71 – 78.72. If this zone is broken out, the next downside target will be the Gold Zone 76.41 – 76.08. If the buyers

The ETHUSD market is developing a linking wave (X) as a double zigzag W-X-Y. The last sub-wave Y is currently unfolding. Its internal structure looks like a standard zigzag [A]-[B]-[C]. The sideways correction (4) recently ended within the last impulse wave [C]. Soon, expect a price rise in sub-wave (5) to the level of 1940.00.

Ripple continues to build the linking wave [X], which has a complex internal structure. The final wave (Z) is currently unfolding as a standard A-B-C zigzag. Impulse A and correction B have already been completed. The last sub-wave (5) of impulse C is now under construction. The price in sub-wave (5) may rise to the

Bitcoin continues to form a bullish wave [A] as a standard impulse (1)-(2)-(3)-(4)-(5). Now, inside this impulse, the corrective wave (4) is unfolding as a contracting triangle. Shortly, the price will rise within the corrective wave D to the level of 36000.00. An approximate trajectory of the BTC future price movement is outlined in the

EURUSD is trading in the short-term uptrend. The primary buy target is the high of October 31. If the indicated high is broken through, the next upside target will be the high of October 24. Today, it is relevant to hold up purchases entered at support (В) 1.0550 – 1.0535. If support (B) is broken out,

Gold is trading up in the short-term trend; the upside target is the high of October 27. The price was testing support (А) 1970 – 1966 on November 1. The zone was not broken out, and the price resumed rising and reached the resistance zone of 1991 – 1987, marked with a pink box in the chart

The oil short-term downtrend continues. The price is being corrected and should test the resistance (А) 83.71 – 83.38. When the indicated resistance is tested, one could enter new short trades with a target at yesterday’s low.  If the price breaks out resistance (A), it will reach resistance (В) 85.52 – 85.03. The latter zone is

The ETHUSD market has completed the linking wave (X) as a double zigzag W-X-Y. Shortly, expect construction of the initial part of a new bearish trend. The bears are aiming to reach the previous low of 1660.36. In the current situation, consider opening short trades. Trading plan for ETHUSD for today: Sell 1791.55, Take profit: 1660.36. Myanfx-edu