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AI/USDT LONG SCALP SETUP!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! AI looks good here. Breaking out from the falling wedge-like structure and a retest is also done. Long some here and add more in the dip. Entry range:- $0.344-$0.354 Targets:- $0.372/$0.394/$0.419/$0.448 SL:- $0.325 Lev:- Use low leverage (Max 5x) What are your thoughts on AI's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
ALGO/USDT Secondary trend. Wedge is a trend. 11 2023Logarithm. Time frame 3 days. Linear price graph for clarity of this beauty. The entire secondary trend is a falling wedge , a decline in price from the highs to date for 718 days (24 months, or almost 2 years). Volatility has decreased to a minimum, the price is conditionally squeezed, in the near future there may be an excess of supply/demand and a breakthrough of this long-term formation will occur. A pump impulse for a breakthrough due to super “dead faith” and rather low liquidity (price slippage) can be significant. Decline from the low (liquidity) -96.66%. We are in the zone of so-called capitulation (on the cryptocurrency itself). Also, the chart shows conditionally maximum average (from the average price) potential targets of market phases: 1) “participation” (development of the bullish trend to the reset zone, i.e. distribution). 2) Distribution. Unfair market competition by large market participants. Prices now, it is about 0.1$, which is the price of “large capital” that “invested” in this crypto project. But, they sold out long ago on the first listings..... After all, the crowd was “sold” at the ICO at an average of about 2.5$ per coin, or even more expensive by the method of divorce with the Dutch auction. That is roughly speaking it is +25X (+2500%). Dutch auction (in the classical sense) is a type of bidding, at the beginning of which the highest price for the lot is announced, which gradually decreases; the participant who was the first to stop the price decrease becomes the winner. Bullish cycle 2020-2021. Then after a dump to the 2020-2021 set zone (0.25$ average) in the bull cycle managed to pump and form a distribution (reset) zone of more than +1000%. From that reset zone and formed this truly huge downward wedge, just like on EOS. So, this cryptocurrency "changed speculative hands" many times (huge dump/dump volatility). Anyone could make money, but not the “hamster” level. Perhaps there will be one last run of significant price pumping towards the end of 2024 -2025. Candlestick chart of the wedge zone for comparison. Local trend. ALGO/USDT Local trend. Wedge breakout zone . 5 11 2023 The main trend. The entire trading history. Accumulation/distribution zones. Time frame 1 week. ALGO/USDT Major trend. Cycles. 07 2023
Long
by SpartaBTC
18
Bitcoin Roadmap!!!Bitcoin started to rise again after Failing(Fake Break) to break the Support zone($58,000-$56,600) . From the point of view of Classical Technical Analysis , it seems that Bitcoin has formed a Falling Wedge Reversal Pattern , and if the upper line of this pattern breaks, we can expect a further increase in Bitcoin . From the point of view of Elliott wave theory , Bitcoin's correction waves seem to be continuing. The last corrective wave was the Zigzag Correction(ABC/5-3-5) , which was the end of wave C , $55,600 . Also, we can see Regular Divergence(RD+) between Consecutive Valleys. A head and shoulders pattern could form , causing Bitcoin to decline again to nearly $50,000==Two scenarios are possible 👇 I expect Bitcoin to move according to the movements I have outlined in the chart . Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $51,000(at least). Bitcoin Analyze (BTCUSDT), 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
26
NOT/USDT: POTENTIAL FALLING WEDGE PATTERN! ACCUMULATE HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! NOT/USDT looks good here. It is forming a falling wedge-like structure in the daily time frame and currently hovering near the lower trendline of the wedge. It is a good area to accumulate some on the spot or with low leverage. Entry range:- $0.0070-$0.0076 Target:- 150-200% SL:- $0.006(For leverage) What are your thoughts on NOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2
BITCOIN DOMINANCE UPDATE: WHEN ALTSEASON?Hey everyone! Appreciate a like and follow if this analysis helps! Bitcoin Dominance is a key indicator for potential altcoin seasons. While there's been anticipation, the market hasn't shown significant changes yet. Let's analyze the Bitcoin Dominance chart for clues. On the weekly timeframe, Bitcoin Dominance has formed a large rising wedge pattern and is approaching strong resistance. This level acted as support in 2019-2020 but has now turned into resistance. We're currently in a potential "maximum pain zone." This period can present opportunities to accumulate promising altcoins for potential gains during the upcoming bull run. Important to note: Accumulating now might involve short-term losses of 20-30% due to market manipulation. However, the potential for 20x-30x returns during the bull run makes this risk worthwhile for some. Key Takeaway: Seize the Opportunity: Start accumulating quality altcoins now to capitalize on the potential bull run. Embrace Risk: Be prepared for short-term losses to reap long-term rewards. Let's discuss it! What are your thoughts on Bitcoin Dominance and the potential for an altcoin season? Share your analysis in the comments below.
CRYPTOCAP:BTC.DShort
by CoreCrypto1
9
Sideways No More? The Key Levels That Could Ignite NZD/USDThe outlook for NZD/USD isn't strong at the moment, and it seems likely to continue trading sideways. However, this could change with a break above the December 2023 high of 0.6365. A breach of this level would confirm a breakout from the large wedge pattern, suggesting that prices could reach 0.6738. This wedge is formed by the trendlines connecting the December 2023 high with the August 2024 high and the October 2023 and August 2024 lows. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
EURUSD → A retest of the liquidity zone. Ready to go to 1.130FX:EURUSD is testing the liquidity zone within the correction. False breakdown of the channel boundary may form another bullish potential for continuation of growth to 1.1300 The currency pair forms a false breakdown of 1.1123, after which it enters the correction phase amid a strong market. The price is testing 0.236 fibo on D1, forming a false breakdown we get a reaction in the form of a pullback. On H4 the situation is even more interesting: false breakdown of the support conglomerate: 0.5 fibo + channel boundaries, which only strengthens the bullish set-up. Today the focus is on CPI in the Eurozone, as well as Core PCE in the US. High volatility is possible and the news may set a short-term tone in the market. Resistance levels: 1.1099, 1.1201 Support levels: channel boundary, 1.1061, 1.1047 The task of the bulls is to keep the defense above the resistance of the ascending channel, as well as above the level of 1.1099 - 1.11, in this case the price will consolidate above the lower boundary of the new bullish channel, which will open for us the potential for growth to 1.1300. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;) Regards R. Linda!
Long
by RLinda
4
Euro can rise a little more and then start to decline Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago started to grow inside the upward channel, where it soon grew to resistance level, which coincided with the seller zone. After this, the EUR turned around and made a correction movement to support line of the channel and then rebounded up. Price made a fake breakout of the resistance line of the channel and also the 1.1160 level, after which started to fall. In a short time, the EUR left the channel and continued to decline inside the wedge, where it at once dropped from the resistance line to the support line, which coincided with the support level and buyer zone. Soon, EUR broke the support level and fell to the support line of the wedge, but later it turned around and made a strong impulse up, thereby breaking the 1.1055 level one more time and exiting from the wedge pattern. To this day, the price continues to move up, so, I think EUR can rise a little more and then make a correction movement to the 1.1055 support level, where is located my TP. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Bitcoin can start to rise from support line of wedgeHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price entered an upward channel, where it in a short time rose to the resistance level, which coincided with the seller zone, broke it, and continued to move up. But later it made a correction to the 64500 level, after which made an upward movement and then made a strong impulse down, thereby exiting from the channel and breaking the 64500 and 55700 levels. Also then, the price started to trades inside the wedge, where it at once turned around from the support line and rebounded higher than the 55700 level, which coincided with the buyer zone, breaking this level again. Next, the price made a retest and continued to rise to the resistance level, and when it reached it, BTC turned around and dropped to the support level. But a not long time ago it started to move up and I think that Bitcoin can rebound from the support line and start to grow to the resistance line of the wedge. For this case, I set my TP at 62100 points, which coincides with the resistance line. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
LTC → Price exit from accumulation ↑BINANCE:LTCUSDT is coming out of accumulation, breaking the structure of the “descending wedge” pattern - a rather strong bullish pattern. Price is still pinned by resistance, but the bulls have a chance... Globally, there is no trend in the market. The price is in a sideways movement between 114.0 - 56.0, which I consider a positive reason for a possible rise, as the price moves between the levels in a range. But we have prerequisites for possible growth (consolidation above MA-50, break of the wedge resistance), theoretically the price can head towards the resistance of the global range. Emphasis on the area of 0.5 fibo - 67.8. If the bulls successfully manage to keep the defense above the mentioned zones, in the mid-term the coin can show a good realization towards 76.9 - 88.6. Resistance levels: 67.8, 76.9 Support levels: descending line, MA-50, 0.5 Fibo Perhaps the primary retest of 67.8 will not bring success and the price may form a small correction, but the gradual return of the price to the retest will increase the chances of a breakout. A fixing above the level will be a good signal for growth! Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:LTCUSDT ;) Regards R. Linda!
Long
by RLinda
5
RARE/USDT: POTENTIAL FALLING WEDGE PATTERN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! RARE looks good here. Forming a falling wedge-like structure in 4hr time frame and currently hovering near the lower trendline of the wedge. Expecting a good bounce from here. Buy some here and add more in the dip. Entry range:- $0.136-$0.143 Targets:- $0.168/$0.184/$0.202/$0.24 SL:- $0.129 Lev:- 2x-4x What are your thoughts on RARE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
1
TITAN broke out of long term resistanceTITAN formed broadening wedge pattern on daily chart. Price broke out of resistance line today with strong bullishness. Entering at this level offers ideal risk reward of 1:5. I really like when risk is low like this one. Always I try to keep the risk at less than 5%. One can move the target as price moves in favour. Stop loss can be held just below previous swing low which is not far away. Hope you like this idea. If so, please boost this idea or leave a comment below on what you think. Otherwise, happy trading :-).
NSE:TITANLong
by digijagan
Bitcoin Analysis==>> Reversal Patterns==>UP/UP/UPBitcoin is moving near the Support zone($58,000-$56,600) . Regarding Classic Technical Analysis , Bitcoin seems to have succeeded in breaking the upper line of the Falling Wedge Pattern . It is also possible to form the Inverse Head and Shoulders pattern . Regarding Elliott wave theory , Bitcoin seems to have completed the Double Three Correction(WXY) . This wave is part of Corrective Waves . Also, we can see Regular Divergence(RD+) between Consecutive Valleys . I expect Bitcoin to go UP to at least the target of the Falling Wedge Pattern . My previous post titled " Bitcoin Analysis==>> Pumping Again==>>Short term " is still valid Note: If Bitcoin loses the Support zone($58,000-$56,600), we should expect Bitcoin to fall to $55,000(at least). Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
26
SPY: Doom and gloomLooks like we are at long term resistance. it is getting rejected multiple times. We already reached 1.61 level, we might retrace back 50% to $455 or $413. Look at the negative divergence in long term RSI, that's bearish. Any new ATH can be shorted I guess. As rates are coming down, we might make one more ATH and then we might retrace back to the support in the upcoming recession. New ATH is in the cards, but not written. Trading is better than investing as of now. If long term support breaks, I guess that's going to trigger a atleast 30% draw down from the peak. We still have time for that I guess. Cheers AMEX:SPY
AMEX:SPY
by MarathonToMoon
GBPNZD → Realization (distribution) phase. Target 2.065FX:GBPNZD is in the phase of realization of the previously accumulated potential (descending triangle), at the moment a counter-trend correction is formed, directed to the liquidity area. The fall may continue. The currency pair entered the range of 2.117 - 2.095. The lower boundary and the liquidity area have not been tested yet, so the potential target is still valid. The counter-trend correction is due to the counter-trend growth of the dollar against the main basket of currency pairs. On H4, there is a conglomerate of strong resistances ahead, which may prevent the price from the first time, accordingly, a false breakdown and further decline should be considered. Resistance levels: 2.11, 2.113, 2.12. Support levels: 2.098, 2.085 The breakdown of the structure, character and the formed confirmation of the bear market indicates that the counter-trend correction can be stopped from the liquidity pool area, so the downward movement can be continued from the mentioned resistance Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPNZD ;) Regards R. Linda!
Short
by RLinda
4