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VANRY/USDT: Watching Retest After Breakout - Time to ENTER?Heads up, crypto traders! VANRY/USDT is making some interesting moves on the charts. Here's the situation: VANRY/USDT recently broke out of a falling wedge pattern, which can be a bullish technical indicator. Currently, the price is retesting the upper trendline of the wedge. We can expect a good upside move if the price holds this retest level. Entry zone:- $0.124-$0.134 Targets:- $0.154/$0.168/$0.185/$0.198 SL:- 4hr candle close below $0.124 What are your thoughts on VANRY/USDT? Share your analysis in the comments below!
Long
by CoreCrypto1
Market Analysis: Bitcoin and AVAX📅 Today's market conditions aren't significantly different from yesterday. Given that it's Sunday, it's essential to minimize risk and avoid unnecessary positions. I'll start with a Bitcoin analysis and then move on to AVAX. 👑 Bitcoin Analysis 🔍 In the 1-hour timeframe, as I mentioned yesterday, there was a potential reaction at 60718, which occurred around 60739. Following this, the price moved upward with strong momentum, forming two powerful bullish candles. However, volume has started to decrease, indicating that the bullish momentum has temporarily subsided. We need to wait for a confirmation to see momentum re-enter the market. 📈 For a long position, I still wait for a break of 62168, which coincides with the 0.618 Fibonacci retracement level. If this level breaks, the price could move up to 63583. If the RSI stabilizes above 70, we could consider entering a long position earlier. 📉 For a short position, our trigger has shifted slightly to 60739, considering the market's reaction to this level yesterday. This could be a good short trigger with a target of 59323. However, volume needs to increase in the market, so it might be better to wait until the new week starts. ⛓ AVAX Analysis 🗂 The AVAX project operates on its blockchain, where AVAX is the primary coin used for transactions, fees, staking, and DeFi applications. 🔍 In the 4-hour timeframe, after a decline, the chart hit the support level at 23.84 and started to correct, now moving upward in the Low Wave Cycle. However, the decreasing volume favors a bearish trend continuation. We can expect the downtrend to continue if the price stabilizes below the 23.84 support. 📈 For a long position, you can enter upon breaking 28.59, but keep in mind that the volume is low, and you're trading against the main trend. The target for this position could be 30.88. If the RSI enters the overbought territory, it can provide confirmation to keep the position open. 📉 For a short position, you can enter upon breaking 27.69, though this trigger is quite risky. The main short trigger is at 23.84; breaking this level allows entering a short position. A break of 50 on the RSI can provide a suitable confirmation for bearish momentum entering the market. 📝Both Bitcoin and AVAX are at critical points. Bitcoin's low weekend volume suggests caution, while AVAX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Market Insights: Navigating Bitcoin and DYDX📅 Let's dive into today's analysis. The market continues to range, and Bitcoin had a fake breakout yesterday, returning to its range box. Today, it might finally find a suitable condition for a long position. Today's altcoin focus is DYDX, which presents a good shorting opportunity. 👑 Bitcoin Analysis 🔄 As usual, I'm analyzing Bitcoin in the 1-hour timeframe. We had a short entry trigger at 60718, but after breaking this level, the price couldn't continue its downtrend and returned to its range box. If you entered on very low timeframes like 15 minutes, you probably hit a risk-to-reward ratio of 2 and hit your target. However, if you entered in the 1-hour timeframe like me, you would have hit your stop loss, which happened to me as well. 🔍 Now, let's find today's trading triggers. After the fake breakout, we can say the first sign of buyers entering the market was seen. However, it's Saturday, and the volume is very low, so we can't say that buyers are showing a weak trend. I think it's better to stay away from the market today and tomorrow due to low volume, but we should check the market every few hours because we might miss a sharp move. 📈 For a long position, I personally will wait for the 62168 trigger, as it will likely take some time for the price to reach it. By then, the weekend will be over, and the market will have more logical volume. If the trigger breaks quickly before the weekend ends, we can conclude the market has momentum, making it viable to open a position. 📉 For a short position, 60718 is still suitable, but if the price revisits and reacts to this level again, it will be even more suitable for a short. I'm not focusing much on Bitcoin short positions because DYDX has a better trigger for shorting today compared to Bitcoin. 💱 DYDX Analysis 🗂 Let's move on to DYDX. There's no need to explain the project in detail because I covered it fully in previous analyses. However, to give a brief summary, DYDX is a decentralized platform where you can open positions. For more details, you can check out past analyses. If you want a comprehensive analysis of DYDX covering all timeframes and a detailed project explanation, let me know in the comments, and I'll do that for you. 🔍 In the 4-hour timeframe, as you can see, there's a downtrend starting from the break of 1.935 down to 1.306. Drawing a Fibonacci retracement, we see it corrected up to 0.382 and formed a range box between 1.1306 and 1.505. On a smaller scale, there's a smaller range box between 1.434 and 1.343. 📈 For a long position, we can enter after breaking 1.434, aiming for 1.505. The next trigger is breaking 1.505, which could move the price towards 0.618. The final target for this position is 1.794. 📉 For a short position, we have two triggers: 1.343 and 1.306. If the price makes another downward move, it can reach 1.030, a level indicated by the Fibonacci extension. 📊 For all triggers, note that volume should increase in the direction of the position you want to open. Otherwise, we have a divergence, and the trend can't be trusted. 🧩 Regarding RSI, there's an ascending triangle. If the trendline of this triangle or the 57.16 resistance breaks, it confirms the activation of this pattern, providing a confirmation for the position you want to open. The trendline break trigger is 36.71. 📝Both Bitcoin and DYDX are at pivotal points. Bitcoin's low weekend volume suggests caution, while DYDX presents clear short and long opportunities based on the triggers discussed. Monitor volume closely and ensure confirmations through RSI patterns to make well-informed trading decisions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
3
SNX/USDT BREAKOUT DONE! LOOKS READY FOR A PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. SNX/USDT looks good here. Breaks out from the falling wedge-like structure in a 4-hour time frame and currently retesting it. Long some here and add more in the green box. Entry range:- At CMP and add more up to $1.84 Targets:- $2.08/$2.24/$2.38/$2.53/$2.74 SL:- If a 4-hour candle closes below $1.84 or if you don't pay attention then put your SL at $1.70 Lev:- Use low leverage(Max 5x) What are your thoughts on SNX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1