CYCLE 4 | CME GAP - View on the Daily ChartFor additional clarity, this companion post is intended to be read in-conjunction with the weekly analysis post below:
Cryptocurency
ADA is on fire!Hello Traders,
The cryptocurrency market has been buzzing lately, and Cardano (ADA) is no exception!
Over the past couple of weeks, the ADA price has skyrocketed by more than 200%, reaching a strong resistance zone at $1.15–$1.25 level.
This is an incredible performance, especially with altseason just around the corner.
What to expect from ADA in the near future? Let’s break it down!
ADA has hit a significant resistance zone, so we’re likely to see some consolidation — or even a correction — soon. The big question is: how long will this phase last, and how deep could the correction go?
Considering the momentum in the market, I don’t anticipate a prolonged consolidation. With altseason on the horizon, the uptrend could continue after a brief pause. If ADA breaks through the current resistance, the next target to watch for is the $2 price level.
On the downside, any correction is unlikely to push ADA below $0.80 — a promising sign for those holding or trading ADA.
Please, do not forget to boost this idea and leave your comments below, thanks.
GOATSEUS MAXIMUS IS STILL NO.1 MEME FOR THIS BULL RUNFalling Wedge:
A falling wedge pattern is observed, which generally signals a bullish reversal. This pattern typically forms when the price consolidates between two downward-sloping trendlines that converge.
The breakout point is expected above the upper trendline, indicating a potential bullish move.
Resistance and Support Zones:
Resistance Zones are highlighted in orange above the price levels, indicating areas where price may face selling pressure.
Support Zone is formed at the lower trendline of the wedge, which has been tested multiple times, showing that buyers are stepping in around these levels.
Indicators:
VMC Cipher shows potential bullish divergence, suggesting momentum is shifting upwards.
RSI (Relative Strength Index) is near the neutral zone (around 50), indicating no extreme overbought or oversold condition. A push above 50 could signal increased bullish momentum.
Stochastic Oscillator is in an upward trajectory from oversold levels, suggesting a short-term bullish reversal.
HMA Histogram is turning positive, which may indicate an upward trend reversal.
Volume Note:
Lack of volume data suggests that it’s essential to observe if any breakout is accompanied by significant volume. This would confirm a true breakout from the wedge pattern.
Trading Plan
Entry Strategy:
Breakout Entry: Enter a long position if the price breaks and closes above the upper trendline of the falling wedge with a strong bullish candle. Confirm breakout strength with an increase in RSI and a positive crossover in the Stochastic.
Early Entry: For aggressive traders, an early entry could be made near the current level, expecting a breakout soon, but with a strict stop-loss.
Take Profit Targets:
Target 1: Place the first target at the nearest resistance zone (around $0.80).
Target 2: Secondary target can be set at the upper resistance zone around $0.95 to $1.00, as indicated by the blue arrow.
Stop-Loss:
Set a stop-loss just below the recent low within the wedge, around $0.61, to protect against a false breakout or continuation of the downtrend.
Risk Management:
Use a risk-reward ratio of at least 1:2 or higher to ensure a profitable trade setup.
Adjust the position size to account for volatility and maintain proper risk per trade (e.g., 1-2% of portfolio per trade).
Trailing Stop:
Consider implementing a trailing stop once the price approaches the first target to lock in profits as the trade progresses.
Monitoring Indicators:
Monitor the RSI and Stochastic to ensure they continue to support the bullish sentiment.
Watch for any change in the HMA Histogram, which could signal early warning signs if it shifts back to a downtrend.
BTC/USD - Potential Long Opportunity at Green Support ZoneBTC has broken through the current support level. My target is the green support zone below, where I expect buyers to return. If the price reaches this area, it could present a strong opportunity to enter a long position with confirmation. Watching closely for a signal to enter long.
The possibility of forming a sell position in WIFAccording to the mark-ups that have been done since the above time, which you can see the link of those analyzes in the channel, we had a reaction to the daily POI in the 15-minute time frame and we are witnessing a change in structure, so we expect rejection in the New York session in the upward movement of the marked POI. Let's be and come to the lower regions.
Bitcoin scenarios updateDue to the supply of Bitcoin liquidity in the support area of the previous day and the downward range within which it is located, we are still in the bearish market structure in the 4-hour and 1-hour time frames, and it is possible to enter a sell position with confirmation in the specified areas, and this confirmation can be taken in the time frame of 5 minutes with the formation of QM, but direct entry in this area is risky because we are being rejected from the 4-hour level.
Alikze »» BAND | Descending channel failure🔍 Technical analysis: Descending channel failure
- It has been moving in a downward channel on the daily time frame.
- It is currently in the supply zone with the breakdown of the descending channel.
- In case of a pullback to the broken structure and maintaining the 1.17 area, it can continue its growth until the next supply area of the 1.75-1.95 range.
In addition, in case of failure of the supply zone of 1.75-1.95 range, the upward movement will continue towards the next supply zone, which can touch the 2.60 range.
💎 Alternative scenario: In addition, if the 1.17 range is broken down, the bullish scenario will be invalidated and can continue the correction up to the 0.97 area.
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BINANCE:BANDUSDT
Phemex Analysis #13: WIF 63% & 86% Wild RIde!PHEMEX:WIFUSDT.P has exhibited extraordinary price action, plunging 63% from its recent peak and subsequently rallying 86% in a matter of days. Such dramatic swings highlight the inherent risk and reward associated with this asset.
Potential Price Scenarios
Given WIF's recent volatility, it's crucial to consider multiple price paths before making your trading decisions:
1. Bullish Continuation: If the current uptrend gains momentum, immediate resistance levels are at $2.0 and $2.35. However, a bearish macro environment could cap gains. Traders should monitor volume and RSI for confirmation of strength.
2. Potential Double Bottom: Alternatively, the price might form a second low around $1.0. Ideally, this low would be higher than the previous one, followed by a period of consolidation. A higher RSI compared to the first low could indicate a stronger base, making it a potential accumulation zone.
3. Bearish Breakdown: A decisive break below the $1.0 support with increased volume signals a potential significant downtrend. Given WIF's correlation with BTC, a sharp decline in Bitcoin could exacerbate downside risks. Exercise caution in such conditions.
Trading Considerations
Risk Management: Due to WIF's high volatility, implementing strict stop-loss orders is essential.
Leverage: Using high leverage in WIF trading can easily lead to liquidation. Carefully consider leverage to manage risk effectively.
Market Sentiment: Stay informed about overall market trends and sentiment, particularly Bitcoin's, as they can significantly impact WIF's price.
This analysis provide a potential outlook and trading consideration for WIF's price movement. However, it's essential to conduct thorough research before making any trading decisions.
Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Phemex Analysis #11: TON_Is it Time to Buy the Dip?PHEMEX:TONUSDT.P experienced a meteoric rise from $2 to its all-time high (ATH) of $8.284, representing a staggering 400% increase in just four months. While the broader cryptocurrency market faced a downturn since March, TON demonstrated resilience, continuing its upward trajectory. However, the recent drop below the 1-day 50 EMA and formation of a lower high at $7.64 suggest a potential bearish trend emerging.
Given the current market conditions, investors are pondering whether it's an opportune moment to accumulate TON at a potentially discounted price. It's noteworthy that several prominent institutions, including Pantera Capital and DWF Labs, maintain a bullish outlook on the project.
To navigate the evolving market dynamics, it's essential to consider potential price scenarios:
Consolidation and Subsequent Rally: The price may stabilize around the $6.35 support level before embarking on another upward movement. If TON surpasses its previous ATH of $8.284 with substantial trading volume, it could signal the onset of a sustained bullish trend. In such a scenario, investors might consider chasing the upward momentum to capitalize on potential gains.
Extended Downtrend: Alternatively, the price could breach the $6.35 support level and continue its downward trajectory, seeking support at $6.0, $5.60, or $4.60. These levels could present attractive entry points for long-term investors if a reversal occurs, indicating a potential buying opportunity.
It's crucial to recognize that the TON ecosystem is still in its nascent stages, with substantial growth prospects on the horizon. The project's potential is undeniable.
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Potential Bullish Breakout in RIF Coin: Eyeing Next Resistance Description:
RIFUSDT is exhibiting a promising setup with a potential bullish breakout on the horizon. If the coin successfully breaks through the current resistance level, it could pave the way for a substantial upward movement towards the next key resistance target.
Key Features of the Setup:
Current Resistance Level: RIF Coin is currently testing a significant resistance level. A breakout above this level would indicate strong bullish momentum.
Potential Risks:
False Breakout: Breakouts can sometimes fail, leading to a quick reversal. It's essential to watch for confirmation of the breakout with sustained volume and price action above the resistance level.
Volume and Momentum: Look for an increase in trading volume as the price approaches the resistance. Higher volume during a breakout confirms the strength of the move.
Next Resistance Target: Upon breaking the current resistance, the next target is the subsequent resistance level. This target is typically identified by previous price action highs or other technical indicators such as Fibonacci retracement levels.
Support Levels: Post-breakout, the former resistance level will act as a new support. Monitoring this support is crucial for managing trades and identifying potential pullbacks.
Trading Strategy:
Entry Point: Enter a long position slightly above the breakout level to confirm the move.
Stop Loss: Set a stop loss just below the new support level (former resistance) to mitigate risk.
Take Profit: Target the next resistance level for taking profit. Consider scaling out of the position in stages as the price approaches this target to secure gains.
94K Bitcoin ?Looks like bitcoin is retesting the weekly bull flag structure right now. And this week it has touched Weekly, Daily, and 4 Hours support of the flag structure.
This week BTC close above 64k will be good confirmation of the structure. And next week we might see a pullback to retest current lows and if the bulls take control and break the current channel at daily and H4 level. Then we could see the bull run to continue and reach the height of the flag poll around 94K.
Always analyze BTC and take trades on every other crypto as well. Everything follows BTC.
CLORE AI FISHING Quality project, plans to attack ATH. I'll take some DCA here
We are currently in a situation where there will be nice discounts if BTC makes at least a correction up to 57000.
FTT best area for buyAccording to the analysis, the price of $1.76 is very attractive for a long position.
BTC IDEA FOR TODAY 12.02For tooday i expect high volatile maybe we could expect correction,
I think we could get some red candles soon,
momentum of bulls is lower than before,
and correction is needed to take out some longs
I am shorting here.
Same idea like yesterday, we are bouncing from support to resistance every time soo trend is
pretty neutral, but on higher time frames i see some bearish signs
Vision This is a BEAUTIFUL CHART! With a marketcap under a milion, you can't ask for a coin with stronger signs of growth. I lay it own in the video, This is a gem!
If you want to keep these coming all i ask is that you subscribe and follow!
Thank you!
🌟🔍 CRV's Potential Breakout 📈🔐
🔻 CRV in a Falling Wedge: CRV (Curve DAO Token) seems to be in a falling wedge on the weekly timeframe, but the pattern isn't entirely certain due to the shortness of the preceding wave.
🔺 Expanding Triangle in Shorter Timeframes: In the 4-hour and daily timeframes, CRV is moving in an upward expanding triangle (I will update the analysis with this pattern soon).
📈 162% Move Possibility: A 162% upward movement for CRV can be envisioned after breaking the trend line and the resistance at $0.6456.
🚦 Strategy Recommendation: The best approach seems to be waiting for the breakout of the trend and the $0.6456 trigger.
🔍 Volume and Candle Analysis: Currently, the volume doesn't confirm the movement trend, and the candles don't strongly indicate buyer presence.
🔔 Set Alerts: Definitely set alerts if you're interested in buying CRV.
🛑 Stop Loss Consideration: Though it seems large, the best stop loss might be below $0.4185, which is close to a 40% risk.
📈 Futures Trading: For futures, consider taking a long position after $0.6456 with a stop loss set in the 4-hour timeframe.
📉 In Case of Market Downturn: If the market drops, the yellow box will represent the new accumulation zone.
🔝 Confirming New Primary Uptrend: To confirm the start of a new primary uptrend, we need to wait for CRV to reach $1.4554.
🔑 Related Categories:
Pattern Analysis
Resistance and Support
Volume Analysis
Do you see a breakout in CRV's future? Share your thoughts and strategies! 💬🌐 #CRVToken #CryptoAnalysis #TradeCityPro
📚 Remember: Investing in cryptocurrencies involves high risk. Always do your own research and consider your risk tolerance before investing! 🧠💼
🌟🔍 API3's Bullish Signs 📈🔐🌟🔍 TradingView Analysis: API3's Bullish Signs 📈🔐
🔺 API3 in a Weekly Correction Triangle: API3 is currently in a corrective triangle in the weekly timeframe. Notably, there has been significant buying volume in recent weeks. The decreased volume during the last three weeks of red candles is a positive sign for potential upward movement.
🌐 Daily Timeframe Movement: The coin is showing a curved movement in the daily timeframe, but it's not parabolic. It responds well to this curved line, but opening positions based on this reaction isn't part of my strategy.
📈 Entry Strategy: For short-term entries, I plan to enter a long position or buy spot after breaking the daily resistance at $1.591.
🔑 Key Resistance and Monthly Box Entry: Once it breaks the trend line and the $1.591 resistance, API3 will enter a monthly box, with a crucial resistance at $2.443.
🛒 Long-Term Buying Strategy: For a long-term portfolio or hold, it's advisable to buy after surpassing $2.443 to ensure a confirmed bullish trend.
🔍 Important Daily Resistance: Keep an eye on the daily resistance at $1.921.
📊 RSI Oscillator Support: The RSI is finding important support at 40, which could sustain the price.
🚦 Caution in the Triangle: As long as the price remains above $1.272, it's better not to buy within the triangle until it exits the consolidation phase.
🔑 Related Categories:
Triangle Patterns
Volume Analysis
Oscillator Analysis
📣 What’s your perspective on API3's market movement? Let's discuss strategies! 💬🌐 #API3Analysis #CryptoTrends #TradeCityPro
📚 Remember: Cryptocurrency investments are subject to market risks. Always conduct thorough research and consider your risk tolerance! 🧠💼
SasanSeifi 💁♂ASTRA/ USDT DAILY 0.00800🤔Hey there! Upon examining the daily chart, as you can see, the price encountered a negative reaction as it approached the downtrend line in the 0.0052 range and is currently trading in the price range of 0.0046. The expectation we can have is that after a minor correction and maintaining the crucial support ranges of 0.0041 and 0.0034, along with a reconfirmation, we might see positive fluctuations. In the case of positive fluctuations and a break of the downtrend line, the initial target would be the liquidity zone of 0.0070. To better understand the continuation of the trend, we need to observe how the price reacts when it approaches the important resistance zone. After a possible pullback, further growth might follow. The potential scenarios in the above image have also been indicated. Maintaining the support ranges is crucial for the desired scenario. Additionally, if the price falls below the support ranges, there is a higher likelihood of further correction.
✨What's your opinion? Do you agree?
🔵Remember, always conduct your own analysis and consider other factors before
making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
IMX/USDT Starting Accumulation, Bullish Momentum ??? Hello Paradisers, Token to Keep an Eye On!
💎 IMX has been rejected twice after reaching a strong demand zone. The hourly chart displays a double bottom pattern, signaling a favorable entry point.
💎 IMX is likely to test its supply zone next and will need to break through to sustain an upward trend. The presence of a strong green candle indicating bullish rejection is usually a sign that upward momentum and accumulation are underway.
💎 Should IMX fail to maintain its position in the strong demand zone, it's likely to drop to the Bullish Order Block (OB) area, where we can expect a significant rejection and a gradual break through the supply levels.
SasanSeifi 💁♂️XMR👉1D🔻 149$ / 145$Hey there! In the daily timeframe, we can certainly see that after a rise from the $172 range, there was a corrective trend. And now that the price has broken through the LOW $155 mark, I'm kinda thinking we might see it adjust around the $149 and $145. However, it's always good to see how the price reacts at support levels. What's your opinion? Do you agree with this analysis?
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
BITCOIN - BTCUSD Bitcoin seems to be expanding on its correction and a new low could be seen by the next year. Invalidation to this analysis remains at 31800. Below this, the bearish count remains active and could trigger a double bottom or a lower low.
BABYDOGEUSDTI think the possible wave count is like this
First, the steps in the monthly time are regular
Second, wave 3 can move up to 4 times the first step
Thirdly, wave 1 has been impulsively formed and the second corrective wave has ended
Fourth, the second pullback wave hit the broken trendline
Fifth, this token burned 50% of the total assets
Therefore, the price should be much higher
It is worth the price
