THETA Analysis- Correction Anticipation and Trading Plan!📈 Price Movement:
Surge: THETA surged by over 30% in the last two weeks, reaching a rejection level around $1.325.
Correction: The price has begun to correct, and a retracement to around $1.10 is anticipated in the next week or two.
💼 Trading Plan:
Retracement Entry: If the $1.10 level holds, consider a spot long trade.
Profit-Taking: Goal to take some profit at $1.325 to $1.40.
Remaining Position: Let the remainder ride to the next resistance area at around $1.60.
Risk Management: Set a stop-loss just below $1.05 to manage potential losses.
🔄🔍 Note: Keep an eye on market developments and adjust the plan accordingly. 🚀💡
#THETA #CryptoTrading #PriceAnalysis 📊📌
Support
ZEEL : Bottom is MakingZEEL is around Long term Support
Support zone is around 130-150
And Stock is also making falling channel on a weekly timeframe.
Falling channel support is around 130-150
If we connect the dots we can see 1301-50 is the strong support zone.
We can expect price to bounce 150-200% from current prices.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
STORJ - Breakout -> Retrace -> Enter -> Pump -> Profits 🫰#STORJ/USDT Analysis
Description
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+ As evident from the chart above, Storj has recently broken out from its resistance but faced rejection at a weaker resistance level.
+ Consequently, the price retreated to its support zone and is currently attempting to rebound from this support.
+ I anticipate the continuation of the reversal, with a potential break above the previously rejected resistance and advancement towards the next resistance level.
+ The placement of our stop loss is further than usual to mitigate the risk of any false wicks.
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VectorAlgo Trade Details
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Entry Price: 0.7159
Stop Loss: 0.6484
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Targets 1: 0.7348
Targets 2: 0.7513
Targets 3: 0.7894
Targets 4: 0.8448
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Timeframe: 4H
Trade Type: Long Trade
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
FTM/USDT 1DInterval ChartHello everyone, I invite you to review the FTM chart on a one-day interval. As we can see, the price has broken the downward trend line, above which the price movement is currently maintained.
When we look at the EMA Cross 10 and 30 indicator, we can see that the red EMA Cross 10 line has crossed the green EMA Cross 30 line from below, which indicates a local return to the uptrend.
Looking at the current price increases, it is worth moving on to determining the resistance that we should take into account. And here there is a strong resistance zone from $0.56 to $0.66, only when the price overcomes it and then tests positively should we see an upward movement to the level of approximately $0.97.
In the second direction, you can see how the price stays above the newly formed support at $0.42, then you can see support at $0.32, and then you can see how $0.25, which previously maintained a move in one and the other direction.
The RSI indicator shows an upward movement with room for the price to go a little higher, but caution should be exercised because the STOCH indicator reflects at the upper limit, which may limit the growth.
Breakout will yield "Stellar" profit on XLM BINANCE:XLMUSDT (4H CHART) Technical Analysis Update
XLM is currently trading at $0.117 and the price is currently trading at its strong resistance zone which got rejected multiple time.
We are looking for a LONG trade opportunity if the price successfully breakouts from the resistance zone.
Successful breakout will push the price to next minor resistance which can be easily broken and our final target is next major resistance around 0.1386
Entry level: $0.1190 (Candle close above this)
Stop loss level: $ 0.1121
Target 1: $ 0.1220
Target 2: $ 0.1252
Target 3: $ 0.1318
Target 4: $0.1380
Max Leverage: 5x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Expected Important levels for the Year 2024!Disclaimer! This analysis is made for educational purpose and do not consider it as an investment advice.
Hey Folks !
I have marked all the important levels for the year,
All the ranges marked with green colour represents Bullish area and all the ranges marked with red colour represents Bearish area.
These levels are very simple yet very important.
Use these levels with your existing trading strategy and experience to get most odds in your favour.
Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges.
If in case at any point of time Nifty 50 goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels.
All the Best Folks ! Stay tuned for updates.
Symmetric Triangle breakout | Decent Profit Opportunity---------------------------------------------------------------
Description
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+ BINANCE:OCEANUSDT formed a decent symmetrical triangle and successfully broke out from the resistance.
+ We can enter at the current price range or wait for better entry if the correction happens
+ My Target for this trade is next resistance
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VectorAlgo Trade Details
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Entry Price: 0.4547
Stop Loss: 0.3945
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Targets 1: 0.4712
Targets 2: 0.4986
Targets 3: 0.5350
Targets 4: 0.5788
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
ALICE is giving us easy +34% Profit ---------------------------------------------------------------
Description BINANCE:ALICEUSDT
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+ ALICE is just broke out from the resistance range
+ The price is heading towards the resistance
+ This is an easy LONG trade with huge profit margin
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VectorAlgo Trade Details
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Entry Price:1.222
Stop Loss:1.097
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Targets 1: 1.274
Targets 2: 1.320
Targets 3: 1.448
Targets 4: 1.533
Targets 5: 1.642
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
DYDXUSDT = Forming a triangle patternAs you can see in the image BINANCE:DYDXUSDT is currently forming the triangle pattern. in the next few days we can see the triangle pattern forming.
The triangle formation is between the strong support and resistance. Support is around 2.5$ and resistance is around 2.8$.
Most likely the triangle pattern break will be towards the resistance and we can see some nice bullish moment, however we ned to wait till the breakout to be sure.
We will update the chart when the triangle formation completes and breakout is confirmed.
Cheers!
GreenCrypto
Natural Gas: Historic Triple Decade Support LevelHistoric Price Opportunity:
NYMEX:NG1! (Natural Gas) is at a crucial level, with prices hovering at a point not consistently broken since a monthly close in July 1995. The weekly chart reinforces this, showing rare closures below this threshold over the last 30 years.
Technical Indicators:
RSI Bullish Divergence: The weekly RSI divergence suggests underlying strength.
Historical Resilience: This price area has been a formidable support zone.
Sub-$2 Entry: Historically, entries below $2 have been lucrative over decades.
Fundamentals at a Glance:
Electricity's Backbone: In the US, natural gas fuels 40% of electric power, significant against the backdrop of consistent year-over-year growth in electricity consumption since 1950, barring 11 years.
Green Energy Transition: Natural gas stands to gain from the global shift towards cleaner energy sources.
Soaring Exports: Global year-on-year rise in Liquefied Natural Gas (LNG) exports meets increasing international energy needs.
Counter-Trend Investing Perspective:
Every investor has heard at one time that the best time to invest is when something isn’t so hot and trendy. Well, the weather has been hot and because of that nobody thinks natural gas is trendy.
Trade Strategy Snapshot:
Entry: At any level in the $ 1.50s or a firm weekly close above the support zone above $1.60, displaying support confidence.
Target: Volume profile's highest point of control level of approximately $2.70.
Stop: A stop loss at physiological $1.50 or the $1.44 final low before levels not seen since the 1990s.
HODL: A long term holding strategy of greater than a year has historically been successful, where looking for exits along the way has been ideal. As natural gas is a useful commodity this is appealing.
Trading involves risks and not certainties; let's navigate the probabilities. Comment with your insights so we can uncover symmetries and diversities of ideas.
BITCOINS Valuable Fractal Development In This STARTING-HOLES!!_______________________________________________________________________________________________________________________________________________________________________
Hello traders investors and community, there are a lot of signs in the BTCUSD chart which tell us that there is already much resistance above us, but as I said already in previous analysis the coronavirus fears on the markets and economy all over showing signs of stabilization after the major panics rose through the markets the last days and weeks, that is why we see some little up-bouncing after the heavy decline and therefore we can expect that bitcoin remains slowly to touching the ups-side resistance lines, which we have of course between 6450 and 6900, thats why the price is sluggish right now and the volatility seen before is turning down.
But what is more important and what I found out analysing the chart is that bitcoin can possibly develop a third fractal of this significant structure which first traded below the EMA and confirmed it as resistance and after that moved back up with heavy and healthy bull-moves, you can see this fractals which already developed in the chart marked with the dark blue boxes and the numbers "1" and "2" in red, there is amazing symmilarity with the first, second and third possible fractal now, all of these confirmed the 20-Day-EMA as resistance before developing a consolidation and finally moving steady up-wards:
What was also catching my eye in this structure was the support which is developing in the falling black support-line and the rising black-support line, we have great convergence at this level, it is highly likely possible that when bitcoin touches this level we can confirm that level as support, I marked it also with the green cycle when this level is touched and bitcoin establishes an up-rise from there we can expect a third fractal forming just as seen before, the structure would originally match into this formation.
Taking this information into consideration we can say that a possible pull-back into the support zone at the support-lines can wait on us, this will be a great opportunity for bitcoin to test these levels, there is a great possibility to confirm it also as support, but when looking from the trading-perspective it is important to wait here for a definite confirmation on these levels otherwise bitcoin can also fall lower! Remember that when we cross this black rising trend-line there is a bearish zone which I already mentioned in the previous analysis. In such times it is always the wisest opportunity to wait until a pattern or fractal confirmed and then take the inevitable initiative with the given market information. For now, I see much resistance and bitcoin will have a hard time coming up, otherwise, this can change after a second or third confirmation of the given support levels and a strong breakout.
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In this manner: "The key to success is to focus on goals, not obstacles."
Have a nice day my friends! Wish you all good trading profits in these volatile times! For more worthwhile insights feel free to support!
Information provided is only educational and should not be used to take action in the markets.
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BTCUSD - More evidence for BITCOIN to go down?! _______________________________________________________________________________________________________________________________________
Hello traders investors and community. This is an update analysis on my recent SHORT analysis about BTCUSD .
As you can see in my chart BTCUSD is about to form an huge head and shoulders pattern with the right shoulder about to complete.
We have strong resistance above us at 12100 - 12200, when we touch this area there is a high probabilty for an next pull-back and sell-off.
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As now the price is consolidating with declining volume and momentum, normally such a movement is shown before more decline in price.
Also the psychological range above 10.000 is holding now, this is why we seen some up-moves the last days, but this will not be forever as i expect.
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When we cant hold the range above 10.000 the price will shrink faster, as it now does with lower momentum. So be aware!
This pattern can be traded with confirmation of the head and shoulders formation.
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Thank you for watching my analysis love you all! Give some support and you will see more market insights in the future!
This is only educational and should not used to take action in markets!
May all happiness and luck come to you friends!
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BTCUSD - Ready for the storm? Trading in huge bear-flag! _______________________________________________________________________________________________________________________________________
Hello traders investors and community, there are some interesting things going on with BTCUSD which i want to explain today. We have seen BTCUSD con-
solidating the last days and weeks in the range between 9000 and 13700, this would not hold on forever! As momentum and volume decreases there will be
an shift in price movement, either up or down.
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As you can see in my chart, looking on the 4-hour chart, BTCUSD is moving in a huge channel. Which i detected as a bear-flag. After we had the top at 13700
supply entered the market and BTCUSD felt down to 9200, where its consolidating now and forming a bear-flag. Those patterns are known to break in the di-
rection its origin is, in this case to the downside.
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The RSI is forming some bearish divergence, i am expacting it to touch the oversold region before we go down, also you can see that the 200 and 50 EMA for-
med a bearish cross-over. The 200 EMA is important in this case because we hold it steady in the recent up-trend, you can see it was touched several times
before it felt down and formed the bearish cross-over.
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Also, you can see in my chart, the percentage price projection of the bear-flag that will be intact when we confirmed the bear-flag. Of course this pattern
can also confirm to the up-side (fake bear-flag), but normally it confirms in the direction where it came from, i give the bearish scenario a probability of
75 %. In my chart you can see also the blue trend-lines in which we are trading right now, i am expecting that we will stay in this range till the bear-flag
target has reached. From there we have to look and wait for more information, i would be cautios of opening LONG positions here! A possible scenario
after the bear-flag target has reached would be a second bear-flag!
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This pattern can be either traded aggressive with a immediate SHORT entry, an entry in the sell zone (neutral), or conservative with waiting on confirmation
of the bear-flag. I prefer the second and third scenario with waiting on confirmation of the bear-flag! I will look for a possible entry in the sell-zone and will
add to position in the conservative entry-zone when the bear-flag has confirmed.
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I hope everybody enjoyed my view! May all happiness and luck come to you! Feel free to give a follow or like to support my further analysis!
This information is only educational and should not be used to take action in the markets!
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