Alikze »» GAS | Ascending channel - 1D🔍 Technical analysis: Ascending channel - 1W
After a climb up to the $30 range, the BINANCE:GASUSDT currency has faced a zigzag correction in the daily time frame, which has faced demand again in the $2.50 range.
- It is currently moving in an ascending channel with higher floors and ceilings.
💎 According to the current momentum, which is currently at the top of the short-term ascending channel.
- In case of selling pressure at the ceiling of the channel, it can face demand again in the middle of the channel or the green box area and an upward trend up to the ceiling of the second channel in the range of 8 to 10 dollars. go through
⚠️ In addition, if the golden box is broken, the bullish scenario will be invalidated and should be reviewed and updated again. ⚠️
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GASUSDT
The Rise of Gas Crypto: Exploring NEO’s Hidden GemGas serves as the fuel for transactions on the NEO blockchain. It powers smart contracts, enabling developers to create decentralized applications seamlessly. Without Gas, these processes would come to a halt.
In September 2024, we will witness the expected outcome of the Gas crypto supply and demand analysis as the strong monthly demand level takes over. Currently, a significant reaction is taking place. This reaction has also allowed for short-term and intraday cryptocurrency trades using supply and demand strategies or other intraday strategies. This analysis is intended for long-term investments. This crypto will probably provide new trade opportunities using the smaller timeframes.
GAS/USDT For the Bullish move, need to breakout the supply area!💎 GAS has indeed garnered significant attention in the market. Currently, there is a possibility that GAS will undergo a retesting phase at the support area before resuming its upward movement to attempt a breakout of the supply area. It's noteworthy that GAS has consistently faced rejection upon reaching the supply zone.
💎 If GAS manages to successfully break above the supply area, it could trigger a bullish momentum, probability the price further upward toward our target area.
💎 However, if GAS fails once again to break above the supply zone, there's a likelihood of the price being rejected and retracing back towards the support area, or potentially even descending to the demand area.
💎 If GAS retraces to the demand area around $5.5, it is crucial for it to bounce from this level. Failure to do so could indicate a continuation of the downward movement for GAS, leading to further declines.
#GAS/USDT SPOT LONG ENTRY#GAS/USDT SPOT LONG ENTRY🍀
Leverage: 1x
Entries: $8.124
Take profit 1: $9.206
Take profit 2: $13.578
Take profit 3: $22.643
Stop Loss: $5.075
NOTE: This is just my prediction. Be sure to use STOPLOSS and remember that I am not a financial adviser. your money, your risk!
Thanks
The sroced.
GAS buy setupThe price had tried to form a bearish CH but failed to form a bearish CH with the body of the candlestick. (I mean on the chart where I put a line without a name)
A demand range is now formed. It is expected that the demand will move towards the targets from this range.
The targets are marked on the chart.
Closing a daily candle below the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
GAS will hit its pedal again to accelerate its RISE again to 30!GAS went parabolic to reached 29.9 the last time and as any parabolic moves, a massive correction followed and the coin touched 7.3 down there which is massive in any scale.
Now, the heated short volatility has waned down. Net buyers / accumulators are back in the zone again based on the current 4h metrics.
Expect some significant ascend from here on -- with some huge movements, a characteristic of this coin.
A retest of its previous peak at 30.0 is not farfetched.
The RR ratio on this one is attractive -- and that's an understatement.
Spotted at 9.0
TAYOR.
GAS / GASUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
GAS will explode soonFrom where we entered "START" on the chart, it looks like a correction has started.
Examining the waves, it looks like a diametric is over.
There is a nice support range on the chart, and by maintaining this range, GAS can be pumped to sweep the liquidity pools.
Closing a daily candle below the invalidatio level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GAS/USDT Nearing a Key Supply Zone with Potential for Action? 👀
💎Paradisers! Let's dive into the intriguing world of #GASUSDT as it navigates towards a crucial supply zone, signaling potential market moves.
💎 On its path, ASX:GAS is tracing a descending channel but now has its sights set on the supply level at $6.406. The real excitement kicks in if it crosses the $6.406 threshold, potentially propelling #GAS towards overcoming the bearish Order Block above.
💎 For the astute traders among us, should the upward momentum hesitate, look for a bullish resurgence from the support level at $5.494. Falling beneath this could steer us into bearish territory.
#GASIn 15 minutes, it is moving in a short-term upward channel, which is an upward correction of the previous wave. Therefore, if you can identify the continuation of the downward trend in the red box with the confirmation candle, you can enter the continuation of the sale transaction. After confirmation in the specified area, the sales transaction can be entered. Otherwise, the transaction will be canceled.
GAS/USDT Perfect breakout the descending channel. Upward Moment?💎 GAS's market performance has recently garnered significant interest. The cryptocurrency has achieved a breakout from a descending channel pattern, a development typically seen as a bullish indicator for future price movement.
💎 However, GAS hasn't yet entered a retesting phase at the support level, suggesting that a period of consolidation or retesting might precede any further upward movement.
💎 Should GAS surge and break through the $7.5 resistance level without first undergoing a retesting phase, it could signal a continued upward trajectory, the probability leading GAS towards a substantial resistance target.
💎 On the other hand, if GAS enters a retesting phase, the ability to maintain support will be crucial. Failure to bounce back from the support level could indicate a false breakout. Losing grip on this support area could lead GAS back towards a key support zone.
💎 This key support zone holds significant importance. Historical patterns indicate that this zone has previously been effective in preventing further price declines. However, if GAS were to fail to hold this support upon a potential revisit, it might indicate a sustained bearish trend, possibly driving the price lower.
GAS/USDT Bullish Potential from Demand Zone? 🚀GAS Analysis💎 Paradisers, it’s time to focus on #GASUSDT, which is currently showing an intriguing pattern in the market. Positioned in a demand zone, it is lining up for a possible bullish advance.
💎 Observing #GAS recent trend, it has been effectively navigating a descending channel and has recently broken above it. Presently, HOSE:GAS is undergoing a retest of the channel's resistance, poised for a bullish leap. Its current stance in the demand zone reinforces this bullish outlook, indicating strong market sentiment in favor of the bulls.
💎 However, in the unpredictable world of crypto trading, being prepared for various outcomes is key. If #GAS finds difficulty maintaining its level within the demand zone, a strategic shift may be necessary. This shift could involve preparing for a bullish resurgence from a lower support level at $6.680. Caution is advised, as falling below this support level could signal a shift towards a bearish trajectory. 🌴💰
GAS/USDT Broken Out of a Descending Channel | 👀🚀 What's Next?💎 Paradisers, direct your attention to GASUSDT as it approaches a pivotal stage in the market. The asset is signaling a potential upward break from its current descending channel pattern.
💎 Analyzing #GAS' market trend, it has been consistently moving within a descending channel. At present, GAS is nearing a test of its former resistance level, which now serves as a support at $6.86. There's a significant likelihood that GAS could utilize this level as a launching pad for a bullish trend, aiming towards the key supply level at $8.8.
💎 However, in the ever-evolving crypto market, #GAS traders must be prepared for various scenarios. If GAS does not maintain its bullish trajectory, a change in market direction could be imminent. Traders might then need to recalibrate their strategies, perhaps eyeing a bullish resurgence from a lower support level at $6.35.
💎 If GAS drops below this additional support level, a strategic reassessment would be crucial. This situation could suggest difficulties in sustaining the bullish trend, necessitating an adjustment in trading methods.
💎 Stay strategic and flexible, Paradisers. Your ParadiseTeam is dedicated to navigating you through these market changes, ensuring you're well-prepared for effective and informed trading decisions.
GAS/USDT The confirmation of a breakout for a long trade!BINANCE:GASUSDT.P The breakout from resistance in the GAS chart is evident, signaling a favorable moment to enter a long trade.
#GAS/USDT LONG SCALP
Entries: $7.196
Take profit 1: $7.308
Take profit 2: $7.518
Take profit 3: $7.918
Stop Loss: $6.543
Stay tuned for trade confirmation and additional updates. Feel free to express your thoughts by liking and sharing in the comments section:)
Thanks
The sroced.
GAS:USDT : PERFECT LONG ENTRY : THIS GETS ME ON YOUR XMAS LIST!After the last spectacular run GAS had, it's hard to not keep an eye on it.
Not sure how soon this will start to move.
What I do know, is that you're unlikely to get a better entry for it than the current level.
Buy and hold until I update the targets.
GAS/USDT Break out with a strong green candle. Continue Upward ?💎 GAS is currently a standout in the market, having broken out of a descending triangle pattern. This breakout was accompanied by a robust green candle, signaling strength. GAS is now entering a retesting phase at the demand area, previously a supply zone.
💎 Should GAS successfully navigate this retesting phase, there's a strong likelihood it will resume its ascent, aiming for the designated target supply area.
💎 However, if GAS struggles during the retesting phase and breaks below the demand area, we might see it retreat back to the support zone.
💎 A critical point to watch is if GAS fails to find footing at the support zone and doesn’t consolidate. In such a case, losing this support or breaking down could be indicative of a shift to bearish territory, potentially leading GAS to descend further towards a more substantial support area.
GAS ANALYSIS (4H)We have a support zone which is 50% of Mastercandle. We had higher penetrations to support this, which indicates the presence of relatively good buyers. By maintaining the green area, it can go up to the red area
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You