Ethereum Breakout Alert: Corrective Channel Flip Sparks Impulsive Wave
Ethereum is showing signs of a major breakout after flipping a corrective price channel. This shift suggests the start of an impulsive wave, signaling potential strong upside momentum. Traders should watch for confirmation above key levels as the path for the next leg up begins to take shape. Wave 3 In Motion: Preparing For A Strong Upside Move Charting an expected path for Ethereum on the 4-hour timeframe, Elliott Waves Academy has revealed a significant opportunity to ride a new bullish wave. The price appears to be preparing for a powerful upward surge following a successful breach of....
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Bitcoin price was pushed higher by eager buying today. The price move shows signs of being a corrective advance that will soon give way to the declining scenario discussed in weekend analysis. Although the resistance ceiling is still some distance above price, it is likely that the current advancing wave is close to making (or has already made) a corrective top. The wave looks aggressively impulsive, but there is no reason to believe it will achieve a new high above the top formed nine days ago. There are no buy signals at any timeframes and the indicators are generally overbought. In many....
Bitcoin’s weekly chart is at a pivotal point, with price action hovering around key structural levels. Traders are now questioning whether the current move marks the start of a deeper correction or just a healthy consolidation before the next leg up. Elliott Wave Signals Align With Developing Correction Elliott Waves Academy, in its latest analysis tracking Bitcoin’s expected wave path on the weekly timeframe, has raised a key question: has the corrective wave begun? The recent market structure indicates that the bullish leg has likely completed, and the price may now be transitioning into....
Crypto analyst XForce has commented on the recent XRP price pullback, claiming that this price correction is part of the plan as the altcoin eyes a historic breakout. The analyst predicts that XRP can reach double digits when this breakout happens. XRP Price Pullback Part Of Plan For Historic Breakout To $10 In an X post, XForce indicated that the recent XRP price correction is part of the plan for the historic breakout to $10. He stated that he has been calling for this exact pullback for months and remarked that the altcoin is inching closer to a historic breakout to $10. The analyst....
A new chart shared by BigMike7335 (@Michael_EWpro) via X suggests that Dogecoin could be on the verge of a strong bullish wave targeting $2.43. His analysis relies on Elliott Wave theory, which divides market movements into impulsive drives and corrective phases. According to this view, DOGE’s historic rally from about $0.0020 to its previous peak near $0.68 unfolded in five distinct waves, labeled as Wave 5(A). This run tracked key Fibonacci extension levels, including the 2.618 region around $0.14591 and the 3.618 near $0.68835, confirming a robust impulsive phase. Wave C Could Take....
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