To The Moon

Elliott Wave Analysis TradingLounge Daily Chart, 28 November 23, AAVE / U.S. dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Zigzag Position: Wave (B) Direction Next higher Degrees: Wave ((2)) of Impulse Wave Cancel invalid Level: 50.391 Details: the corrective in wave 2 trend to 61.8% of wave 1 at 71.177 AAVE / U.S. dollar(AAVEUSD)Trading Strategy: The rise in Wave 1 appears to have ended at 110.11 and prices are entering a correction period in Wave 2. We expect the price to test the MA200 line or the 61.8% level of Wave 1 before rising again in wave 3. AAVE / U.S. dollar(AAVEUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, Wave Oscillators a Bullish Momentum. TradingLounge Analyst: Kittiampon Sombo

$S&P 500(.SPX)$ The S&P 500 index has entered the Bullish zone this week, maintaining an upward trend. The current state has transitioned from a rebound trend to an uptrend, as mentioned last week. However, a trend is gradually emerging, indicating a correction trend with a weakening buying momentum, as mentioned in the past week. With this trend likely to continue for a while, temporary strong upward and downward fluctuations are anticipated. It is projected that a transition to a correction trend will occur around the focal point of the next 1-2 weeks.Until early November, the likelihood of entering the Bullish zone seemed low, and from mid-November, a strong downward trend was expected to resume. However, considering the final trend tha

Divided They Stand: There are two groups — deeply divided. Once walking a common path, they now stand in starkly polarizing realities. Foreign influences, mainstream media, fluctuating economic policy, and structural changes to society have only served to feed this division. We are of course talking about the valuation gap between small caps and big tech. This week’s chart shows the Equity Risk Premium [ERP] (the required or expected return of equities over and above the risk-free-rate to compensate for taking on equity risk). Specifically, my version of it takes the inverse of the PE10 (i.e. a more stable and signal-rich version of the earnings yield) and subtracts the 10-year treasury yield adjusted for the longer-term rate of CPI inflation. The key thing to focus on is the higher this i

Cameco (CCJ) New Bullish Cycle In Progress November 27, 2023 By EWFHendra Cameco is one of the world’s largest uranium producers, involved in the exploration, mining, refining, and conversion of uranium for use in nuclear power generation. The company’s operations span across Canada, the United States, and Kazakhstan. Below we are updating the Elliott Wave outlook for the company. Cameco ($CCJ) Monthly Elliott Wave Chart Cameco ($CCJ) Monthly Elliott Wave Chart Monthly Elliott Wave Chart of Cameco above shows that the stock ended wave (II) Super Cycle at 5.30. It has started a new super cycle wave (III) which should eventually take it to new high above wave (I) at 56. Up from wave (II), wave ((1)) ended at 28.49 and dips in wave ((2)) ended at 18.03. The stock extended higher again in wave

$CLSK: Bitcoin Miner Cleanspark Heading to an Acceleration November 26, 2023 By EWF Helgi CleanSpark, Inc. is a bitcoin mining company. The Company designs its infrastructure and data centers to support Bitcoin which is a digital commodity and a tool for financial independence and inclusion. CleanSpark serves clients in the United States. Founded 2014 and headquartered in Henderson, Nevada, US, one can trade it under ticker $CLSK at NASDAQ. Currently, we see Bitcoin and some other cryptocurrencies turning for another bullish cycle higher. In fact, the rally in prices of cryptocurrencies should push higher and may even provide a magnifying effect on the share prices of cryptocurrency mining/producing companies. Therefore, CleanSpark being one of Bitcoin miners should become a profitable inv

Bank of America (BAC) Bearish Sequence Provides Floor for Indices November 26, 2023 By Daud Bhatti In this video blog, we will look at the bearish sequence in BAC (Bank of America) and present two views that are slightly different in terms of the extent of the bounce but both are calling for an extension lower. We will also look at the area that can act as a floor for BAC and where buyers should appear to resume the rally for the next long-term rally or produce 3 waves bounce at a minimum. Bank of America Elliott Wave Sequence The chart below is the weekly chart of Bank of America (BAC) and it shows an incomplete bearish sequence down from the January 2022 peak against the November 2022 peak. The initial decline from the January 2022 peak was in 5 waves which ended at $29.67 and wave (B) e