MATICUSDTMATICUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.00
What you guys think of this idea?
Bullishpattern
Bitcoin bull continuationBased on the chart:
If Bitcon gets rejected at $44K then im expecting a micro correction cycle to around FWB:41K before we can continue going up, so lets wait and see.
The micro correction will be creating micro wave 2 correction cycle before we can see and impulse cycle from FWB:41K to complete micro wave 3 cycle of wave 5 impulse cycle to $50K or above before we can expect any drop or correction from $50K.
Time to Buy PATH: Positive News and Analytical OptimismShares of UiPath Inc. (NYSE:PATH) , a company specializing in process automation using robotic software agents, now represent an attractive investment opportunity. Recent positive news about the company, including strong quarterly reports and new strategic partnerships, has significantly improved its market potential.
Analysts note that UiPath is at the forefront of the automation sector, offering advanced solutions that are in demand in many industries. The growing demand for process automation and digital transformation promises an increase in the company's revenues in the medium and long term.
In addition, the company demonstrates strengthening of its market position through new partnerships and expansion of its product portfolio. This not only increases its revenue, but also enhances its resilience to market fluctuations.
Considering these factors, PATH shares represent an attractive opportunity for investors seeking growth in the technology and innovation sector. Given the current positive trends and optimistic forecasts of analysts, investing in PATH shares may offer significant growth potential in the future.
TSLA forming a reversed H&S or a triangleTesla is still into a complex correction but among all the possibilities coming forward, the 2 that stand apart right now:
The 1st one is the potential reversed Head & Shoulders (where the current level around $190 would be a great entry point) with a target in the $500 area or the large triangle with a target in the $565 area.
The 2nd one is the large triangle with the base starting since 2020, giving a support in the $150 area and a target of around $565.
In both cases, a break above the line linking the highs (the top of the triangle) would validate that the bullish phase has started.
It is the same idea as the one published last October.
BONK BULLISH after Value Area Low flips to support!When taking a look at bonk we can see that it is showing a sign of strength.
It has reclaimed the POC and trend line. Once the VAL is flipped into support, there’s not much stopping this project from reaching the POC 22% higher from these levels.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
SOL ANALYSIS🔮 #SOL Analysis - Breakout Trading 💰💰
🌟🚀 #SOL was trading in a Bullish Flag Pattern and here we can see that #SOL gave a great breakout in 8h chart pattern. We can expect a long rally in #SOL.💲💲
🔖 Current Price: $100.44
⏳️ Target Price: $140.20
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#SOL #Cryptocurrency #Breakout #DYOR
GROK BULL RUN STILL POSSIBLEGood morning traders
A few days ago i posted about GROK and the potential it has of starting its bull run
We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks
If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes
I am still very bullish on GROK at this time and the cup and handle pattern is still valid
An invalidation would be shown when the bottom of the cup pattern is breached and closed lower
Until then i will continue to add to my GROK holdings at a discount
Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved
Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis
MY TAKE ON COMMUNITY...
Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy
Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions
Enjoy the rest of your day!
FTM ANALYSIS🔮 #FTM Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #FTM and trying to retests the level. It's a 4hr time frame breakout and we can see more higher price in long-term. If the price closes above the major resistance or Breakout the major resistance then there will be a confirmation of bullish movement 📈📈
💸Current Price -- $0.3805
📈Target Price -- $0.5100
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#FTM #Cryptocurrency #Breakout #DYOR
Most Powerful Candlestick Patterns Candlestick patterns are like building blocks in understanding how the stock market behaves and how prices might change. Knowing about these patterns can really help you make smarter decisions when trading.
I. Introduction to 35 Candlestick Patterns
Candlestick patterns are visual representations of price movements within a specific time frame. Each candlestick represents the opening, closing, high, and low prices for that period.
The body of the candlestick is the difference between the opening and closing prices, while the wicks or shadows represent the price range.
II. Bullish Candlestick Patterns
A bullish candlestick pattern is essentially a visual signal that appears on a price chart, indicating a potential upward momentum or trend in the market. It’s like a green light for traders, suggesting that the price of the asset is likely to go up.
Traders use these patterns to time their entry into the market with the goal of capitalizing on the anticipated price increase.
Bullish Single Candlestick Patterns:
Hammer: A single candlestick pattern characterized by a small body and a long lower wick, signaling a potential bullish reversal after a downtrend.
Inverted Hammer: Another single candlestick pattern with a small body and a long upper wick, indicating a potential bullish reversal after a downtrend.
Black Marubozu: A single candlestick pattern characterized by a long black body with no shadows, representing a strong bearish sentiment.
White Marubozu: A single candlestick pattern characterized by a long white body with no shadows, representing a strong bullish sentiment
Bullish Double Candle Patterns:
Bullish Engulfing: A two-candle pattern where a small bearish candle is followed by a larger bullish candle that engulfs the previous one, suggesting a potential trend reversal to the upside.
Bullish Piercing Pattern: A two-candle pattern starting with a bearish candle followed by a larger bullish candle that opens below the previous day’s low and closes more than halfway into the prior bearish candle.
Bullish Counterattack: A two-candle pattern starting with a bearish candle, followed by a larger bullish candle that engulfs the entire range of the previous bearish candle.
Tweezer Bottom: A two-candle pattern occurring after a downtrend, characterized by two consecutive bearish candles with similar lows, suggesting potential support and a bullish reversal.
Mat Hold: A five-candle pattern suggesting a continuation of a bullish trend. It begins with a bullish candle followed by a bearish candle, a long bullish candle, a small bullish or bearish candle, and ends with another bullish candle.
Bullish Triple Candle-Sticks Pattern:
Morning Star Pattern: A three-candle pattern starting with a bearish candle, followed by a small indecisive candle (often a doji), and then a bullish candle, indicating a potential bullish reversal.
Three White Soldiers: A bullish formation consisting of three consecutive long bullish candles. Each candle closes higher than the previous one, suggesting a strong potential upward movement.
Rising Three Methods: A five-candle pattern signaling a continuation of the current bullish trend. It starts with a long bullish candle, followed by three smaller bearish candles, and ends with another long bullish candle.
Upside Tasuki Gap: A three-candle pattern involving a bullish candle, a gap up, a bearish candle, and finally another bullish candle that opens within the range of the previous bearish candle.
III. Bearish Candlestick Patterns
A bearish candlestick pattern is a visual cue on a price chart that suggests a potential downward momentum or trend in the market. It’s akin to a red light for traders, indicating that the price of the asset is likely to decrease. Traders pay close attention to these patterns to time their entry into the market, aiming to profit from the expected price decline.
Single Candle Patterns:
Hanging Man: A single candlestick pattern resembling a hanging man, signaling a potential bearish reversal after an uptrend. Learn more about Hanging Man Candlestick
Shooting Star Pattern: A single candlestick pattern characterized by a small body and a long upper wick, suggesting a potential bearish reversal.
Bearish Engulfing: A two-candle pattern where a small bullish candle is followed by a larger bearish candle that engulfs the previous one, indicating a potential trend reversal to the downside.
Black Marubozu: A single candlestick pattern characterized by a long black body with no shadows, representing a strong bearish sentiment.
Double Candle Patterns:
Evening Star Pattern: A three-candle formation indicating a potential bearish reversal. It starts with a bullish candle, followed by a small indecisive candle and ends with a bearish candle.
Dark Cloud Cover: A two-candle pattern starting with a bullish candle followed by a larger bearish candle that opens above the previous day’s high and closes more than halfway into the prior bullish candle.
Bearish Harami: A two-candle pattern. The first candle is a large bullish one, followed by a smaller bearish candle that is entirely within the range of the bullish candle. This pattern indicates a potential bearish reversal.
Bearish Counterattack: A two-candle pattern starting with a bullish candle, followed by a larger bearish candle that engulfs the entire range of the previous bullish candle.
On-Neck Pattern: A two-candle pattern where the first day has a long black body followed by a second day with a small body that closes slightly above the previous day’s low.
Triple Candle Patterns:
Three Black Crows: A bearish formation consisting of three consecutive long bearish candles. Each candle closes lower than the previous one, suggesting a strong potential downward movement.
Three Inside Down: A bearish reversal pattern. It consists of a bullish candle, a smaller bearish candle that is completely within the range of the previous candle, and a larger bearish candle.
Three Outside Down: A three-candle pattern. It starts with a bullish candle, followed by a larger bearish candle that completely engulfs the previous bullish candle, and then another bearish candle.
Neutral Candlestick Pattern
A neutral candlestick pattern doesn’t strongly indicate either a bullish or bearish trend. It’s like a yellow light, suggesting caution and indicating that the market is uncertain or indecisive about its direction. Traders look at these patterns to assess the market’s stability or potential upcoming change in trend.
Single Candle Patterns: [/b
Doji: A single candlestick pattern with a small body, indicating market indecision. It suggests a potential trend reversal, whether bullish or bearish.
Spinning Top: A single candlestick pattern with a small body and long upper and lower wicks, signaling market indecision and potential trend reversal.
High Wave: A single candlestick pattern characterized by a long upper and lower wick relative to the body, suggesting high market volatility and uncertainty.
Double Candle Patterns:
Tweezer Top: A two-candle pattern occurring after an uptrend, characterized by two consecutive bullish candles with similar highs, suggesting potential resistance and a bearish reversal
OMG Tripple Bottomed day touching 200 day moving averageThis is an incredibly buillish sign. I'm seeing things all over the market preparing for a huge boom and omg is showing incredibly bullish characteristics with a tripple bottom and each time it wicked down it tapped the 200day moving average with what looks like immediate rejection also loving so much positive volume
BTC Golden cross on weekly, Bull Flag, Big Boom!We have a 50 & 200 day moving average which as an amazing sight!
I personally like to look at the larger time frames and work my way in, it tells me the more appropriate story that way.
Right now we've got a beautiful bull flag forming,
The price target happens to coincide with a very significant resistance line, leading me to believe bitcoin will be seeing previous all time highs within the next few weeks.
With as much FUD as i'm seeing and the amount of shorts that'll be liquidated, it just seems to be adding up to that time. See you guys in the bull market!
Tracking Technicals
QUANT (QNT) - A Deep Dive into Its Bullish Weekly Timeframe Hello, TradingView aficionados!
Today, I'm taking a closer look at QUANT (QNT), specifically analyzing its performance on the weekly timeframe. There's a lot to unpack here in terms of technical indicators and bullish signals, so let's dive into the nitty-gritty.
Weekly Timeframe Analysis:
Support/Resistance (S/R) Dynamics: On the weekly chart, QUANT has been consistently testing and respecting key S/R levels. The recent bounce off a significant support level indicates strong buying interest at these price points, a bullish signal for potential upward movement.
Trend Analysis: The application of trend lines and channels on the weekly timeframe reveals a potential reversal pattern. Look out for a breakout above the descending trend line which could signify a trend reversal from bearish to bullish.
Bullish Indicators and Metrics:
Volume Analysis: An uptick in trading volume accompanying price increases is a sign of strong buyer interest, adding credence to the bullish outlook.
Fundamental Overlays:
While the focus here is on technical analysis, it's always beneficial to overlay fundamental aspects. QUANT's unique proposition in blockchain interoperability and its enterprise-grade solutions provide a solid fundamental backdrop to the technical outlook.
Trading Strategy:
Entry Points: Identify entry points post a confirmed S/R flip or a breakout from the descending trend line.
Exit Points: Setting up profit targets near historical resistance levels and using trailing stops can optimize exit points.
Risk Management: Given the inherent volatility in crypto markets, it's crucial to manage risk by allocating only a portion of your portfolio to such trades and setting up strict stop-loss orders.
Conclusion:
QUANT's weekly timeframe analysis paints a bullish picture, backed by several technical indicators. However, always remember, no analysis is foolproof. Diversify your risks and keep abreast of broader market movements.
Eager to hear your analysis and viewpoints on QUANT’s current market position. Let's engage in a fruitful discussion!
Happy Trading!
IOTA/USDT - Poised for a Turnaround Post Liquidity Sweep and S/RToday, I'd like to delve into the intriguing dynamics of IOTA/USDT, particularly highlighting its current positioning on the higher time frames, complemented by a detailed look at the daily trade setup. We're observing some compelling signals that suggest a potential upside in the near term.
Technical Analysis:
Higher Time Frame Outlook: The higher time frame for IOTA/USDT has been showing strength and stability, laying a solid foundation for potential bullish movements.
Liquidity Sweep Completed: Recently, IOTA has undergone a liquidity sweep, which is often a precursor to a significant directional move. This sweep can signal the exhaustion of selling pressure, setting the stage for a bullish reversal.
Support/Resistance Flip: A key development to note is the S/R flipping. IOTA has turned what was once resistance into support, a classic bullish signal that often precedes upward price movement.
Daily Trade Perspective:
Entry Points: Look for confirmation of support holding on the daily time frame, which could serve as a robust entry point.
Targeting Profits: Set your profit targets based on key resistance levels overhead, which could act as potential take-profit zones.
Risk Management: Given the volatility of the crypto market, it's crucial to employ prudent risk management strategies. Ensure to set appropriate stop-loss orders to protect your capital.
Why IOTA is Worth Watching:
IOTA's unique technology, particularly its Tangle ledger, offers significant advantages over traditional blockchain in terms of scalability and transaction fees, making it a noteworthy project in the crypto space.
Continuous development and potential adoption scenarios in IoT (Internet of Things) make IOTA a fundamentally strong project with promising future prospects.
Conclusion:
The combination of a positive higher time frame outlook, a completed liquidity sweep, and a successful S/R flip creates a potentially lucrative scenario for IOTA/USDT. As with any trade, keep an eye on the broader market sentiment and news that might impact the crypto market.
I'm eager to hear your views and approaches to this setup. Let's discuss more in the comments section below!
Happy Trading!
SPX Double Top - January 2024 Recession: Target 1599Hello everybody, I have been keeping a close eye on our economy and indices and it looks like we are already in a recession. This will be one of the biggest recessions in history and will make 1929 and 2008 look like a correction. As job layoffs continue, we expect this to increase dramatically for the next couple of years. On a technical level we are witnessing a major double top
Bullish Reversal in Sight for AVAX/USDT on Higher Time FrHello, fellow traders!
Today, I'd like to share an exciting observation on the AVAX/USDT pair, which is currently showing promising signs of a bullish reversal on higher time frames. After a period of downward movement, it seems that Avalanche (AVAX) is gaining momentum against Tether (USDT), signaling a potential shift in market sentiment.
Key Observations:
Trend Reversal: The higher time frame charts are indicating a reversal from a bearish to a bullish trend. This change in trend direction suggests a growing confidence in AVAX.
Potential Upside Movement: Based on this reversal, we can anticipate an upward trajectory in the price of AVAX relative to USDT. For those looking to capitalize on this movement, considering long positions could be a strategic approach.
Technical Analysis: The analysis is grounded in a technical approach, focusing on price actions and historical movements. As always, I recommend keeping an eye on key resistance and support levels to refine entry and exit points.
Trading Strategy:
Entry Point: Look for confirmation of the bullish trend through additional indicators or candlestick patterns.
Exit Strategy: Set clear profit targets and stop-loss orders to manage risk effectively.
Risk Management: As with any trade, it's crucial to assess your risk tolerance and adjust your position sizes accordingly.
This observation presents a potentially lucrative opportunity for those willing to ride the wave of AVAX's upward momentum. However, remember that the crypto market is volatile and it's important to do your own research and analysis before making any trades.
I'm keen to hear your thoughts and strategies on this. Feel free to share your insights or ask questions in the comments below. Let's navigate these market movements together!
Happy Trading!