ICPUSD Trade the break-out of this Triangle.Internet Computer (ICPUSD) is trading within a Triangle pattern since the July 05 bottom, with the 1D MA50 (blue trend-line) acting as its pivot. The 1D MA200 (orange trend-line) is almost right on its top (Lower Highs trend-line).
Our approach on such patterns is to trade to the direction of the first break-out. A break above the 1D MA200 would be a bullish break-out signal, targeting 21.00 (Resistance 1), while a break below the Higher Lows trend-line would be a bearish break-out signal, targeting 6.00 (Support 1).
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Cryptocurrencysignals
Bearish drop?The Bitcoin (BTC/USD) is reacting off the pivot which lines up with the 161.8% Fibonacci extension and could drop to the 1st support level which acts as a pullback support.
Pivot: 67.990.52
1st Support: 66,408.69
1st Resistance: 69,468.14
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BTCUSDT H4After the intersection of the moving average levels 200 and 50 in the general upward direction and breaking the resistance levels at 6500 and 66000, stability above them strongly supports the upward trend. Accordingly, we are looking to buy after the first decline in the buying area from levels 64900 and 63800 with a stop loss of an hourly candle below levels 63600 with large targets extending to levels 70000 and 76580.
BITCOIN One year later, the pattern is repeated and leads to 88kThis is not the first time we make a case for October being the start of an aggressive rally for Bitcoin (BTCUSD) and lately we have presented you the evidence on the long-term 1W time-frame.
This time we want to focus on the 1D chart, where a more detailed analysis can be made on the fractals that lead to this rally. It was the very same pattern that helped us catch last year the amazing October 2023 - March 2024 rally, as you can see on our September 28 2023 post (see chart below):
As you can see both fractals (2023 and 2024) traded initially within a Triangle pattern that bottomed on an Inverse Head and Shoulders (IH&S). The bottom took place at the same time of the 1D Death Cross formation. Throughout the whole process, they were supported by the 1W MA50 (red trend-line).
Right now on the October 2024 fractal we are at the point where BTC just broke above the top (Lower Highs trend-line) of the Triangle. On the 2023 fractal that led to a brutal rise that only took a 'break' after reaching the 2.0 Fibonacci extension, right after forming a 1D Golden Cross.
As a result, it is possible to see $88000 (Fib 2.0 ext) in December, before the market 'cools' again. Much of course will depend upon how the markets will digest the November U.S. elections but as we've shown you in analytical charts here, the result of event tends to make little difference.
So what do you think? Can this break-out lead to 88k? Feel free to let us know in the comments section below!
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APTUSD Next pull-back will be a huge buy opportunity.Aptos (APTUSD) is about to form a Golden Cross on the 1D time-frame and last time it did so (November 30 2023), it has already started the new Bullish Leg of the Rectangle it's been trading in since January 26 2023.
The Bullish Megaphone inside which the price traded at the time of the Golden Cross, gave one final pull-back before rallying aggressively towards the top. As a result, we will wait for the next buy opportunity on the 1D MA50 (blue trend-line), to take a lower risk buy and target 19.000.
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Alikze »» ENJ | Ascending channel - 4H🔍 Technical analysis: Ascending channel - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- A Double Bottom pattern is formed in the range of the green box by creating higher floors (HL).
Meanwhile, the creation of higher ceilings (HH) can be met with a correction in the 0.14 zones or the bottom of the channel with demand and create a newer ceiling (HH) up to the supply zone.
- Currently, in the middle range of the channel, it can continue its growth with a correction in the range of 0.14 to the supply area.
💎 Alternative scenario:
In addition, if there is a stabilization below the 0.14 candlestick area and if the correction continues up to the specified areas and the green box, there is a possibility of breaking the green box area.
Therefore, if the correction is sharp, the bullish scenario is invalidated and can form a new floor.
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BINANCE:ENAUSDT
PEPEUSD The 1W MA50 will push it to new Highs.Pepe (PEPEUSD) has already recovered all of last week's losses and appears that it can break above September's 0.000012 High. All this bullish strength is technically fueled by the hold the crypto made just above the 1W MA50 (blue trend-line) last month.
Technically that is the start of the new Bullish Leg of Pepe's historic Channel Up, however it is possible to make one last pull-back towards the 1W MA50 in December, like it did during the previous accumulation phase in December 2023.
Now as far as targets are concerned, the previous two Bullish Legs rose at least by +2525% and reached the 1.618 Fibonacci extension (Higher High to Higher Low). As a result, the more realistic Target at the moment is 0.000030 (1.618 Fib).
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BITCOIN Channel Up starting the new Bullish Leg!Four months ago (June 07, see chart below) we published a post on Bitcoin (BTCUSD) calling it an 'Unpopular opinion' as despite a on ongoing rebound in May, we signaled a correction as, based on the long-term Channel Up since November 2022, it was technically possible to see a pull-back below the 1D MA50 (blue trend-line) and then extended consolidation until a potential bottom on the 1D MA100 (green trend-line):
Even though the Channel Up had to be readjusted, the price action delivered the exact pattern of the previous 6-month (April 11 - October 16 2023) consolidation and almost tested the 1D MA100, forming a bottom on August 04 2024.
The similarities between those two fractals are more evident on their 1D RSI sequences. This shows that right now we could be before a break-out similar on the October 16 2023 candle. Regardless of that, it appears that the new Bullish Leg of the 2-year Channel Up is accelerating and a new High above 66500 would confirm it.
We have had 3 major Bullish Legs so far, more or less around the same levels (+92.27% to +101.57%). So a bad case scenario would be to see a +92.27% rally from the August 04 Low, which would still give us a $94500 Target.
So what do you think? Is the Channel Up just heating up and can the new Bullish Leg reach 94.5k? Feel free to let us know in the comments section below!
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Bearish drop?Ethereum (ETH/USD) is rising towards the pivot and could reverse to the 1st support.
Pivot: 2,493.86
1st Support: 2,396.64
1st Resistance: 2,566.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETHUSDT LongOn Ethereum vs US dollar we had a upwards trade but now in this anylisis i want to confess that the pair is in bearish trend but as i am seeing the pair is going to atleast complete Lower high and in H4 to H1 its in a Bullish trend due to its lower high completion so we will be having a long trade over this price and then will start a bearish continuation
UNIUSD Will it break above the ultimate Resistance cluster?Uniswap (UNIUSD) broke yesterday above its 1D MA200 (orange trend-line) for the first time since July 03 but failed to close above it. The reason is the presence there of another strong Resistance level, the Lower Highs trend-line started on the March 06 High.
Those two form the ultimate Resistance cluster and only a 1D candle close above both can confirm the start of a new long-term rally. Technically the pattern is a Channel Up since late 2022 and a new rally would be its Bullish Leg.
The previous Bullish Leg rose by +337.70% so if we get that closing confirmation, we will turn bullish again, targeting a Higher High at $20.000 (just below the +337.70% mark).
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Alikze »» SOL | Wave 3 or C scenario - 4H🔍 Technical analysis: Wave 3 or C scenario - 4H
- It is moving in an ascending channel in the 4-hour time frame.
- It is currently in wave 3 or c, which can continue its growth up to the top of the channel.
- A zigzag correction is observed in the corrective microwaves at the bottom of the channel, which has moved a three-wave towards the supply range.
- After that, a 5-wave correction has extended to the bottom of the channel in the golden zone.
- Wave a has a three-wave cycle and wave b has a five-wave cycle.
- Therefore, wave c can extend to the region of the roof of the channel and the red box.
💎 According to the structure, the minimum growth up to the first supply area, the middle range of the channel and after its failure up to the second red box, the ceiling of the channel can continue its growth.
⚠️ In addition, if the region 133.181 is touched, the bullish scenario will be invalidated and should be updated again. ⚠️
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KUCOIN:SOLUSDT
Alikze »» INJ | Reverse head and shoulders pattern - 12H🔍 Technical analysis: Suspect an inverted head and shoulders pattern
- In the analysis presented in the 12-hour time frame, it was mentioned that in case of selling pressure in the range of $25, the correction will continue until the Fibo range of 1.618 in the range of $18.75.
- It is currently moving in an ascending channel.
- It has faced selling pressure in the middle of the channel.
- Due to the formation of the inverted top pattern, in case of breaking the Fibo 1.618 and stabilizing below the 18.75 area, the correction will continue until the liquidity area and the origin of the movement.
- Therefore, according to the zigzag correction structure, this correction can extend to the liquidity area and complete the correction leg C in the specified areas.
💎 Alternative scenario , if it stabilizes in the range of 18.75, it can grow to the middle of the channel in the first step and then to the range of the supply area of $25.
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BINANCE:INJUSDT
BITCOIN below the 60k again! Is this alarming??Bitcoin (BTCUSD) broke today below the $60000 market again for the first time since September 18. The first headlines are already hitting the market calling for more downside. We highly doubt that as no only has the priced formed the first Higher High on September 27 in 6 months, but more importantly the uptrend since the August 05 bottom is supported by a Higher Lows trend-line.
Also, the 1D MA50 (blue trend-line) may have been broken, but as long as the price holds the 1W MA50 (red trend-line), which has held twice already on August 05 and September 06, the chances of a break-out above the 7-month Lower Highs trend-line are high.
In fact, the pattern since the August 05 bottom appears to be an Inverse Head and Shoulders (IH&S). The standard technical target on such occasions is the 2.0 Fibonacci extension, which gives us a $80000 price tag. As long as the 1W MA50 holds, this is the most likely scenario in our opinion.
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PSG/USDT Main trend. Wedge. 21 11 2023Logarithm. Time frame 1 week.
🔵 The main trend is a descending wedge , we are in the final phase of its formation. There has been no breakout (trend break) yet. It is quite possible we are in the minimum price zone of the trend. From a cyclical perspective, we are (the phase of hypothetical peak capitulation can be ignored). As a rule, such altcoins never repeat their highs for obvious reasons (if they do, it's a few out of hundreds, remember that).
📊 Adequate target (with 90% probability to be reached this mid-range of the long-term formation or slightly above). So a perfectly adequate target is +500%, primarily for those for whom trading is "none of their business". Buy and forget for a few months or half a year. To increase money in 5 times without absolute waste of time and news monitoring as for me for such good solutions.
If people hustle in trading, they may not even get what the market “gives”. That's a fact.
📊 Profit can be significantly increased if trade every impulse after the breakdown of this downtrend . That is, the entire timeframe of the participation phase, which is the price movement of the entire year 2024 to the 2025 distribution zone (trend highs, reset phase).
💰 It is worth noting that the fattest earnings are always on trend reversals, i.e. on the breakout (breaking through it).
⚠️ The psychology of people's behavior is always the same:
1) Expensive - always buy eagerly , the next "promising"...
2) Cheap - waiting for it to get cheaper (e.g., now -94% off price highs). Never catch trend lows as well as highs.
3) Trend reversal and momentum +82% - hamster action is canceling "lower" orders and buying "to make time" already relatively expensive. This is how reversal impulses are prolonged. The lower the liquidity, the higher the slippage in % price expression.
4) Real hamsters , who are used to constant price declines, wait for cheapness even after a reversal. If it does occur on capitulation, the price often underperforms previous lows. They have zero reaction. Price even lower - capitulation of expectations. They are already then afraid to buy, even something below the expected price. They will probably similarly buy another similarly "promising" crypto coin in the distribution area, but with a different ticker name. The sansara of stupid money repeats itself .
5) 2024 participation phase - i.e. attracting traffic and connecting the crowd to the trend development. Increase in overall market capitalization. Revival of hope.
🔴 📉 The chart showed the range of the capitulation zone , meaning price is now and below the wedge formation (unlikely) in the event of some force majeure event that affects the entire market. You just need to always keep this in mind and plan for it in your mani management, even if you don't believe in it. 20-30% of USD entry or profit if you are a riskier client.
Line chart .
Simply a classic of technical analysis.
Secondary trend and reversal zone of a long-term trend.
PSG/USD Secondary trend and reversal zone. 22 11 2023Logarithm. Secondary trend. Trend break zone. Time frame 3 days.
Linear for clarity of the reversal zone in the altseason.
The main trend and description of the cycles of behavior of the “samsara of stupid money”.
PSG/USDT Main trend. Wedge. 21 11 2023
LITECOIN Its time to shine again has come.Litecoin (LTCUSD) is trading on its 3rd historic Cycle but remains below its 1W MA50 (blue trend-line) since basically late June. The market however, is no stranger to such dips below the 1W MA50 as it has done so both in September - October 2020 and (for just small fractions) in October 2016. As it is easily obvious, this is a 4-year cyclical behaviour.
All Cycles have a Top, Bear Phase, Accumulation phase under Lower Highs and finally Parabolic Rallies. It appears that we are currently just ending the final accumulation phase below the pre-rally Lower Highs, also evident by the 1W RSI, which is consolidating on its Higher Lows trend-line. Even though the rally is confirmed after the price breaks above the 1W MA200 (orange trend-line) and the Lower Highs trend-line, we have valid evidence to argue that an early buy now is even more optimal.
Technically LTC can go as high as the 1.1 Fibonacci extension ($500.00) but as last Cycle practically just marginally hit the previous All Time High (AT), we will settle for the time being for an ATH test at $400.00 if this is where it will be by the time the price starts approaching the top of the Sine Wave. The latter has been an excellent sell signal since, as mentioned, these are 4-year Cycles.
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Bullish bounce off pullback support?Bitcoin (BTC/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 59,378.90
1st Support: 57,833.43
1st Resistance: 61,888.24
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Perfect SELL Opportunity still looking strong. The Sell Signal was activated on Sunday (October 6) which reversed the initial Buy Opportunity that I analysed earlier.
Well, any breakage of trend line to the upside will changed the SELL Opportunity to a BUY Opportunity.
Entry - 0.0988.
SL - Adjust price following MA200 Purple Line on 15 Mins timeframe.
TP - Open Ended 😎.
Enjoy 😊👍🏽.
Note: Don't take this trade as financial advice.
BITCOIN fractal alert! Happening exactly like last October!We talked a while ago regarding the 'October effect' (August 28, see chart below) on Bitcoin (BTCUSD). But today we need to make an urgent analysis as it appears that the market is repeating almost the exact sequence of a year ago (October 2023).
The similarities are more obvious on the 1D time-frame where the price is currently ranged within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The most recent time it traded like this was exactly one year ago, back in the first two weeks of October 2023.
As you can see, during that time BTC also made a marginal break above the 1D MA200 before quickly pulling back below it. After it tested and held the 1D MA50 (as it did no on October 01 2024), is started the long-term aggressive rally of the Channel Up that peaked on March 14 2024.
As long as the 1W MA50 continues to hold as the long-term Support, there are high probabilities of seeing 100k, even before the end of 2024.
But what do you think? Do you see realistic the scenario of repeating the post October 2023 rally? Feel free to let us know in the comments section below!
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BITCOIN / UNDER BULLISH PRESSURE / 1HBITCOIN / 1H TIME FRAME
HELLO TRADERS
Overall Bullish Pressure , The market is expected to generally favor upward movement.
Key Resistance Level - 62,413 , If Bitcoin remains below this level, it indicates potential bearish momentum, pushing the price toward a demand zone between 61,251 and 60,717. A break below this zone could signal further declines.
KeySupportLevel62,413 , Conversely, if Bitcoin trades above 62,413, bullish momentum is expected, with the price potentially rising to an FVG (Fair Value Gap) area between 63,077 and 63,557.
Further Upside , A break above the FVG area could see the price rising into the supply zone between 63,889 and 64,165, where selling pressure may increase.
Supply Zone : 63,889 and 64,165.
Demand Zone : 61,251 and 60,717.
FVG : 63,077 and 63,557.
Could Ethereum rise from here?The price has reacted off the pivot which acts as an overlap support and could rise to the 50% Fibonacci resistance.
Pivot: 2,399.85
1st Support: 2,311.61
1st Resistance: 2,522.01
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
WIFUSD is breaking above its 6-month Channel Down and targets 75Dogwifhat (WIFUSD) closed last week above the 1D MA200 (orange trend-line) for the first time since the week of July 22 and hit the top of its 6-month Channel Down. On the long-term cyclical outlook, this Channel Down can technically turn out to be nothing but a Bull Flag in the continuation scale of the Bull Cycle.
If this week's 1W candle manages to close above the Channel Down/ Bull Flag, we expect at least another +6842% rise, similar to its first one, and target $75.000.
The 1W RSI and MACD both support this bullish scenario as the first already broke above its MA line on September 16, while the 1W MACD just completed a Bullish Cross, its first ever.
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