HeliumDiupdate HNTUSD: Helium Elliott Wave History and Outlook
2024-02-12 Helium Elliott Wave History
Helium has had a nice run recently appreciating its price about six-fold into the 8 USD range.
It appears that only the third wave has completed. A similar run may be expected with a continuation of the bitcoin driving force in the background.
Helium has had a nice run recently appreciating its price about six-fold into the 8 USD range.
It appears that only the third wave has completed. A similar run may be expected with a continuation of the bitcoin driving force in the background.
Catatan
A key to the trade is seen on the daily chart.The pair has apparently completed a perfect Elliott triangle correction and is about to confirm the pattern by breaking above the top trend line. This is the point to reenter this market for the coming weeks and months.
Catatan
On the hour scale, at the top of the market, we see that a five-wave sequence is in progress, exiting the triangle from the wave e endpoint. The size is a perfect Elliott wave multiple of 2.618 of its wave one.Wave five might come in around $9.50, if we expect the same extension, before startng a new wave generation.
Catatan
Looking at the token against bitcoin, we see that is is also poised to break out of a fourth wave structure to the upside in wave five. This promises growing returns versus BTC, while still being driven by the dominant market.Trade aktif
The pair has broken out of the triangle and price is appreciating rapidly. We took an average entry price of 8.1391, while the market is already at 8.62The top of the triangle is at 8.465
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Uptrend has reach $9.00, up from our lowest entry at 8.04, about 24 hours ago.Trade aktif
With the minor pullback of bitcoin, Helium back tested the triangle trend line today, after completing five waves up, but has regained a positive trajectory, currently trading around 8.80. We are in this for the long run, perhaps to the ATH.Trade aktif
As physics demands, helium is rising in air, and air is ahead of it once it breaks above the wave three high of December 20 at $9.56. It’s been working on that and is only two cents away. perhaps it produces another nice pop.Catatan
Got a nice pop, indeed. Trade aktif
The pair advanced nicely to about the USD 11 mark, and then sharply retreated. This supports the assignment of the first major closed wave one of the run to the top of the market. The drop today is wave two.This is a good secondary entry point into the trade, because the wave three is commencing which will be very powerful, and should double the price if not more.
Catatan
You can’t help to smile when the market shows its humor once while. I am sure that is a bullish sign.Catatan
I am encouraged by the PA in that we have a guide now from the data in the fifth wave for what we might expect from this leg.I believe the pair has printed a smaller degree first wave, and its corresponding second wave which provides anchor points for a Fibonacci measurement and projection.
Catatan
As can be seen, this projection places the all-time high very close to the 3.618 multiple of wave one, a very reasonable size. I was only looking for about 41 dollars, a goal which is very close to the 3.00 level on this extension scale. This seems to all make sense.The market had already advanced to eleven dollars, so this drop back to nine may have panicked some traders, but it shows how important an early entry is if you want to avoid the pull back of the second wave. Second waves can be demoralizing the traders for their vicious action, erasing promising early gains in the trade. Many traders recommend waiting out the second wave and enter in the early third wave, which is about to happen. This should be fun…
Catatan
Here is a chart update based on latest data. The second wave has expanded and put this potential move on a broader base. BTC has to kick in now and drive this baby to new heights.
Catatan
The rally that started about November 1 has a well defined trend line that has been touched about five times. It has a parallel Fibonacci trend line at the 0.236 mark that has perfectly defined the upper limit of the channel. We should expect this channel to remain intact for the duration of this rally. With some luck it could bring a new ATH in its fifth wave.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.