Support
AI/USDT POTENTIAL BULL FLAG FORMATION! NEXT LEG UP SOON!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
AI appears to be forming a bull flag pattern in the 4-hour timeframe. A breakout from this pattern could signal a significant price increase. Once it breaks out from the flag, we can expect a good 40-50% upside move. Accumulate in the green zone.
Possible Entry & Targets:
Entry: Current Market Price (CMP) and potentially add more up to $0.97
Potential Targets: $1.07, $1.18, $1.34, $1.52
Stop-loss: $0.92 (Consider setting a stop-loss based on your risk tolerance strategy).
Leverage: Use leverage with caution. Consider low leverage (Max 5x) as suggested.
Let's Discuss
What are your thoughts on AI's current price action? Do you see a bull flag pattern? Share your analysis in the comments below!
Beautiful wedge on $BTC over several supportsClear wedge forming on CRYPTOCAP:BTC over several supports:
- Parallel multiyear channel
- Important VWAP quarter horizontal line (orange line that coincides with a Fib Level - blue line)
- Fib Level (blue line) from last flag in February
- Insinuating over wedge ceiling line (dark blue)
So, we have a very good confluence there; maybe a scary quick drop possible to reach the bottom of the wedge, there on the confluence of already signaled fib level and VWAP quarter lines of support
The target of this wedge is the all-times-high (red line, past 72k usd)
XMRUSDT: Bullish Butterfly Update: Bullish Breakout Seems LikelyXMR, despite the spot pairing having been delisted on Binance a few months ago, has survived and held above the PCZ that was of very much importance to the historic price action. During the delisting XMR had sold off back down to the PCZ in record volumes on the exchange, however, in spite of record selling the support still held, since then, the price has stagnated at this level potentially hinting towards accumulation. If the Support had Broken XMR likely would have crashed all the way back down to 20 but for the time being the coin has proven resilient at this price level and it would seem that we will soon be marking up to significantly higher prices as the diagonal Bearish Trend seems to be coming to a close.
XRP Symmetrical Triangle - Bull target $0.65, Bear target $0.42NOT FINANCIAL ADVICE
TL;DR #XRP Symmetrical Triangle, bull target $0.65, bear target $0.42
BINANCE:XRPUSDT has been trading in a symmetrical triangle for over 1 month. Well respected support trendline, with 4 clear touches.
Ascending triangle on the RSI, watch it because a break of the support or resistance trendlines there might be a leading signal of a subsequent price action breakout.
🟢 Bull case
Should we break the resistance trendline, my target will be the previous key area at $0.65.
Be careful at $0.57 because we had 2 previous fakeouts to that level.
Also watch the 200-day VWMA at $0.59 because it could offer some resistance on the way up.
🔴 Bear case
A break below the support trendline would most likely lead to a retest of $0.42, either for a triple bottom or further downside.
#BTC QUICK UPDATE: Support Zone In Focus!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis.
BTC is currently testing support around the $66,500 level. This area coincides with the 100-day moving average (100MA), which can act as a support or resistance level.
Two potential scenarios emerge:
Scenario 1: Support Holds: If the price finds support at the current level and bounces back above the 100MA, we could see a move towards $68,000-$70,000 in the near future.
Scenario 2: Support Breaks: If the price breaks below the $66,500 level and closes decisively under the 100MA, further downside towards $64,000 becomes more likely.
Important to Remember:
What are your thoughts?
Share your analysis and any questions you have in the comments below!
BNB/USDT 4HInterval Chart ReviewHello everyone, let's take a look at the MKR to USDT chart on a 4-hour time frame. As you can see, the price broke sideways from the downward trend line.
Let's start by determining the support line and as you can see, the first support in the near future is $2,658, if the support is broken, the next support is $2,274 and $1,777.
Now let's move on to the resistance line, as you can see the first resistance is at $3,023, if you manage to break it, the next resistance will be at $3,438, then at $3,727 and then at $4,105.
Looking at the RSI indicator, you can see that we are approaching support, which may result in another attempt to rebound the price, and the STOCH indicator shows that there is still some room left to go down before it increases again.
BTC/USDT 1HInterval Chart ReviewHello everyone, let's look at the 1H BTC to USDT chart, as we can see the price is moving in an upward trend channel, defined by white lines.
Let's start by setting goals for the near future that we can include:
T1 = $67,339
T2 = $68,015
T3 = $68,493
AND
T4 = $69,168
Now let's move on to the stop loss in case of further market declines:
SL1 = $66,722
SL2 = $66,186
SL3 = $65,836
SL4 = $65,370
AND
SL4 = $65,370
Looking at the RSI indicator, we can see a movement towards the middle of the range, which still leaves room for a price increase, and when we look at the STOCH indicator, we can also see room for an upward movement.
PLTR Bullish Note A NYSE:PLTR s a software company PLTR seems to be doing great and the past earnings weren't the exception. Even when price is down because of a less than prior quarter growth rate in commercial revenue, fundamentals seems solid with the only issue being a very high P/E ratio.
From a technical perspective, the price is resting on a strong support zone and held the current trend line that has been following from october 2023. If the price goes up above the 20 y 50 EMA I would expect it to reach 27.50 that would be the price target of the preceding falling wedge. Let's see.
Target 27.50
Stop 20.40
Alikze »» KSM |Upward wave 5 scenarioAccording to the analysis of the previous post, both targets are touched with the support of $40. Again, after touching the bottom of the channel, there is a demand that will be able to break this supply area to the $59 range. But in the daily and weekly time, it is in the 5th rising wave, which will at least have the ability to reach the previous supply range or the previous major ceiling. After completing this cycle in the weekly time, if the $100 area is broken, its path will be paved to the $250 area to continue climbing.
🟩Sup:50
⛳️Tp 1:59
⛳️ Tp2 : 64
⛳️ Tp3 :81- 87
»»»«««»»»«««»»»«««
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TLT Is Coming Into Key Support Within A Corrective DeclineTreasury bond TLT has been trading lower since the start of 2024, but after an impulsive rally at the end of 2023, we believe it's just making and finishing a deep A-B-C corrective decline. It's actually now coming into key strong support zone at 61,8% - 78,6% Fibo. retracement and channel support line, from where we should be aware of bounce, recovery and continuation higher back to 2024 highs. Just keep in mind that bullish confirmation is only above channel resistance line near 92.00 region, while invalidation level remains at 82.45.
Bitcoin - The halving breakout!Hello Traders and Investors, today I will take a look at Bitcoin.
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Explanation of my video analysis:
On the Bitcoin chart there are actually only three lines which you need to draw: First you have a horizontal structure at $16.000 which Bitcoin perfectly broke towards the upside with the last cycle in 2020. Furthermore Bitcoin is creating an ascending trendline - always rejecting towards the upside - and there is also a horizontal structure at the $67.000 level. Just don't get caught up in the short term moves.
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Keep your long term vision,
Philip (BasicTrading)
BNB 4HInterval Chart ReviewHello everyone, let's look at the 4H BNB to USDT chart, in this situation we can see how the price is moving in a sideways trend channel, staying below the local downtrend line.
Let's start by setting goals for the near future that we can include:
T1 = USD 579.2 at which the price struggles
T2 = $605.9
T3 = $623.6
AND
T4 = $648.3
Now let's move on to the stop-loss in case of further market declines:
SL1 = $570.1
SL2 = $539.4
SL3 = $518.2
AND
SL4 = $491.50
ETH - Wait For The Bulls!Hello TradingView Family / Fellow Traders,
📦 ETH has been trading within a big range around the $2,800 - $3,000 support in the shape of a flat rising channel.
Currently, ETH is hovering around the lower bound of the support and rising channel.
As long as the $2,800 support level holds, we expect the bulls to kick in soon!
📈 For the bulls to take over and start the next bullish impulse movement, a break above the last major high in green at $3,000 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Can ETH Outperform BTC?ETHBTC is one of those charts, which can be telling us that volatility is near. Loking at the daily price chart, it can be actually finishing a larger (A)-(B)-(C) correction, currently seen in final stages of the wedge pattern within subwave 5, with ideal swing zone here around channel support line , 0.045 – 0.040 area. So, as we have been talking about for a while, BTC.dominance might slow down and ALTcoins may kick in, so ETH may try to catch Bitcoin soon. Just keep in mind that the first bullish evidence for ETHBTC is only above 0.061 region.
Gold Market Update Exploring TrendsDiscover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Possible BTC Breakout! Eyeing $70k!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards $70k. The 50MA is also acting as a potential support level.
Here's what could invalidate this bullish scenario: A daily candle close below $61.5k.
What do you think about this potential price movement? Share your thoughts in the comments below!