The post Nasdaq Elliott Wave: Wave 4 support appeared com. Executive summary Trend bias: Wave 4 temporary correction. Key support level: 23, 854 22, 521. If correct, wave 5 could rally to 25, 950-27, 301. Back on October 7, we analyzed Nasdaq 100 (NDX) and the diverging RSI hinted of an incoming bearish reversal. Turns out, there was a relatively small reversal on October 10 at -3. 5% that was quickly retraced and led to new all-time highs. Then, beginning October 29, NDX began another decline of nearly -8. 9%. The structure of the decline hints that it is a corrective decline eventually leading to new all-time highs. Current Elliott Wave analysis Our Elliott wave analysis of the Nasdaq 100 (NDX) chart hints the rally that began in April has reached the end of its 3rd wave. The 3rd wave of an Elliott wave impulse pattern needs to subdivide in 5 waves and we can count those waves in place from the April 21 low labeled ((i))-((ii))-((iii))-((iv))-((v)). This suggests the correction from October 29 is wave 4 of a larger 5-wave impulse pattern. Wave 4 and wave 2 are cousin waves. they are similar, but tend to alternate in qualities. They should be similar in the depth of their corrections. Wave 2 of the impulse pattern (in April 2025) corrected -8% as a zigzag pattern. Wave 4, so far, has corrected about -8. 9%, similar to wave 2. Additionally, wave 4 has reached the 23. 6% Fibonacci retracement level of the distance of wave 3 (not pictured). This is common for wave 4 to correct between 23-50% of wave 3. Lastly, the decline from last week has reached horizontal support from the previous 4th wave symmetrical triangle pattern. As a result, the decline to the Friday, November 21 low, may be all or part of wave 4. When wave 5 begins, we anticipate a rally that may reach.
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The post Shiba Inu Exchanges Losing SHIB: 207, 000, 000, 000 in 24 Hours appeared com. Withdrawals are not enough? Shiba Inu’s lack of momentum With 207 billion SHIB departing exchanges in a 24-hour period, Shiba Inu recently reported yet another significant exchange outflow event. It is one of the biggest withdrawals in a single day in months, so it is not a tiny accumulation wave. Additionally, this type of signal is important in a market where sentiment has been unstable. According to CryptoQuant data, there was a net outflow of 121 billion SHIB in Nov. 15 by itself, and then the same pattern continued until Nov. 16. Withdrawals are not enough? This consistent flow of withdrawals is a reliable sign of long-term strategy. Spot selling pressure dries up, and the likelihood of a deep breakdown sharply declines when exchanges lose supply at this rate. SHIB/USDT Chart by TradingView The chart is brutally honest about the fact that SHIB is still pinned under strong technical resistance, so why isn’t the price blowing up yet? Shiba Inu is still far below all of the major moving averages. As dynamic resistance, all three are convergent and sloping downward. Shiba Inu’s lack of momentum The price is currently trading between $0. 0000090 and $0. 0000093, which is a local support zone that has held several times without breaking the market structure to the upside. Weak momentum but no surrender is indicated by the RSI at about 39. The fact that the volume is steady rather than collapsing suggests that holders are waiting rather than hurrying out. You Might Also Like People are removing tokens from exchanges because they are prepared to endure volatility rather than panic-sell, which is in line with the outflow data. In other words, rather than entering a liquidation phase, SHIB has entered an accumulation phase. The price must recover at least $0. 0000105, the first resistance cluster where.
There is no doubt the Chicago Bulls are hurting after losing to the San Antonio Spurs 121-117 on Monday. The explanation point came when Victor Wembanyama hit back-to-back three-pointers in the remaining minute of the fourth quarter. In retrospect, during the late stages of the game, something became clear. The Bulls’ second-year guard, Matas Buzelis, [.] The post Why Billy Donovan benched Matas Buzelis in crucial moments in heartbreaking loss to Spurs appeared first on ClutchPoints.
The Abbott Elementary Season 5 Episode 6 release date and time is on the horizon. In Season 5 Episode 5, “Camping,” Halloween takes over. Barbara learns that her students are up to no good during Halloween. To prevent them from getting into trouble, she organizes a camping trip for students and staff members. While the students like the [.] The post Abbott Elementary Season 5 Episode 6 Release Date, Time, Where to Watch appeared first on ComingSoon. net Movie Trailers, TV & Streaming News, and More.
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