ETH price predictionIn log chart, it broke the bullish trendline to the downside and also completed the pullback to the trendline. As I shared with you before, Fib. 0.382 level would be the first support. If it cannot hold it, then WRL would be the next support level. However, I personally think if the price drops below the Fib. 0.5, it is the first sign of bear market for ETH.
But in linear chart format, WRH level is coincide with the bullish trendline and would be a good support. Breaking these two support would lead to testing the Fib. 382 level.
Tradingstrategies
BITCOIN SHORT TERM SHORT MOVEMENTSo it's fully clear for everyone 52k to 54k acting as resistance right now and market in heavy fear zone. We have to flip this resistance zone to start our bullish journey towards 100k. now major support below 42k and 40k if BTC holds this we will try to break resistance one more time.
TLMUSDT - Broke and retested BYBIT:TLMUSDT
1H trend chart
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TLM has broken a symmetrical triangle out, then retested it and got support from the downtrend line.
Therefore, we can buy it with trading strategy as below.
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Profit Targets:
a) 0.2796----Fib(1)
b) 0.29595~0.3025----Fib(1.272~1.382)
c) 0.3096----Fib(1.618)
Stop losses:
a) 0.25480-----Red horizontal ray
b) 0.2392-----Red horizontal ray
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FTMUSDT - Bullish flag is breaking out?BYBIT:FTMUSDT
1H trend chart
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FTM is getting rid of this descending tunnel so far.
If price can stand above here, trading strategy as below.
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Profit Targets:
a) 1.719----Fib(1)
b) 1.8205~1.8620----Fib(1.272~1.382)
c) 1.95----Fib(1.618)
d) 2.093----Fib(2)
Stop losses:
a) 1.5330-----Red horizontal ray
b) 1.5055-----Red horizontal ray
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AVAXUSDT - Buy it with TP/SLBYBIT:AVAXUSDT
1H trend chart
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AVAX has broken out the descending wedge, so it's a nice timing for long
Our trading strategy as below.
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Profit Targets:
a) 96.53----Fib(1)
b) 101.879~104.030----Fib(1.272~1.382)
c) 108.665----Fib(1.618)
d) 116.165----Fib(2)
Stop losses:
a) 88.365-----Red horizontal ray
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ILVUSDT - Good timing to buy?BYBIT:ILVUSDT
1H trend chart
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ILV is building a possible cup and handle pattern.
If price can break out the upper downtrend line, trading strategy as below.
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Profit Targets:
a) 1387.8----Fib(1)
b) 1434.9~1453.9----Fib(1.272~1.382)
c) 1494.8----Fib(1.618)
Stop losses:
a) 1300.1-----Red horizontal ray
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THETAUSDT - your turn to break it out?BYBIT:THETAUSDT
1H trend chart
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THETA is going to take out its downtrend line on 1H
If price can break it out without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 5.236----Fib(1)
b) 5.531~5.650----Fib(1.272~1.382)
c) 5.905----Fib(1.618)
d) 6.349----Fib(2)
Stop losses:
a) 4.660-----Red horizontal ray
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DOTUSDT - Buying timingBYBIT:DOTUSDT
1H trend chart
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DOT is building an inverse head and shoulder pattern.
Here is a nice entry timing, but it'll be better when price takes out 29.215
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Profit Targets:
a) 30.40~30.880----Fib(1.272~1.382)
b) 31.4----Fib(1.5)
c) 33.58----Fib(2)
Stop losses:
a) 28.015-----Red horizontal ray
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ETHUSD - Buying timing and TP/SLBYBIT:ETHUSD
1D trend chart
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ETH keeps consolidating around the support area we mentioned before.
Recently it fell and hit some key points as below.
1. trend line from Cup and Handle pattern
2. 144 and 169ema
After this strong pullback, ETH goes back to support zone quickly, and now it even shows a closure candle above 12ema on Day chart(blue arrow).
Therefore, the condition of Vegas tunnel trading strategy was met.
Moreover, due to the resistance accumulated around 4600~4800, I suggest you take some profit at our TP from Vegas entry
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Profit Targets:
a) 4791.45----Blue horizontal ray
Stop losses:
a) 3367.95-----Red horizontal ray
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BTC - Bear is coming or Bull is ready?BINANCE:BTCUSDT
1D trend chart
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BTC hasn't gotten bull momentum recently compared with ETH.
And instead, it showed a rapid pullback yesterday as ETH and alts.
While this crypto market faces severe correction, lots people get fear and smell it like bear.
But if we judge it with TA, can see that it fell until touched the uptrend line, also the 144/169emam, means a reasonable support here so far.
It's a good correction if the bull continuation is gonna keep moving.
Next, we need to observe if the price can rally back to 12ema in near future or not, it's a great buying timing after correction.
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Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382)--->Already Hit!
b) 67590----Fib(1.618)--->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
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BTCUSDT updateI talked about this channel and the pattern for a few weeks and as can be seen, prices follow the pattern perfectly. Also, it broke the channel to the downside.
Personally, I'm looking for a bounce to $60 to $62k area to close a few positions I have at breakeven and think more about short trade opportunities.
HBARUSDT- Broke out this resistance line currentlyBYBIT:HBARUSDT
4H trend chart
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HBAR broke through the downtrend line so far on 4H chart.
If price can keep around here, trading strategy as below.
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Profit Targets:
a) 0.3891----Fib(0.5)
b) 0.41----Fib(0.618)
c) 0.478----Fib(1)
Stop losses:
a) 0.3412-----Red horizontal ray
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BITUSDT - nice Entry timingBYBIT:BITUSDT
1H trend chart
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BIT has broken out the downtrend line which is formed since Nov 21st
And it retested it so far on 1H time frame.
If price doesn't show a fall immediately, trading strategy as below.
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Profit Targets:
a) 2.435----Fib(1)
b) 2.49~2.512----Fib(1.272~1.382)
c) 2.56----Fib(1.618)
d) 2.637----Fib(2)
Stop losses:
a) 2.353-----Red horizontal ray
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CROUSDT - Close to the resistance area and entry timingKUCOIN:CROUSDT
4H trend chart
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CRO has already broken out the downtrend line.
But it is so close to the resistance area , so the safer way to buy is wait it to stand above 0.777(blue horizontal ray)
If price can take out 0.777 without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 0.8199----Fib(1)
b) 0.8688~0.8886----Fib(1.272~1.382)
c) 0.9311----Fib(1.618)
Stop losses:
a) 0.6851-----Red horizontal ray
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CERE updateIn 12h TF, there is a very strong resistant which we need to break it and have a strong close above it for more run. Also, RSI has a bearish trendline which is going to break it to the upside; this is a sign of strength but still no sign of strength in price action.
Personally I will add to my position if price goes to the red line. I will consider to close my position if it close below the red line with high sell volume. I believe it is in the accumulation phase and we need to accumulate too.
AVAXUSDT - After a big correction, short-term TP you can set BYBIT:AVAXUSDT
1H trend chart
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AVAX fell to Fib 0.382 while a big correction yesterday.
It is obvious that price got support at Fib 0.382 and Vegas tunnel 576/676 ema in 1H time frame.
And it is resisting from a short-term downtrend line now.
If price can break out the downtrend line without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 112.865----Consider this unstable market, we set an optional TP
b) 121.095----Fib(0.618)
c) 129.6----Blue horizontal ray
d) 147.73----Fib(1)
Stop losses:
a) 101.12-----Red horizontal ray
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If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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BTCUSD - End of correction? and timing for longBYBIT:BTCUSD
12H trend chart
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We keep analyzing the possible trend of BTC through methods below.
1. Descending wedge pattern/M pattern
2. long-term support area
3. Vegas tunnel strategy
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From our previous analysis, we used 4H trend to find the good buying opportunity with Vegas, but it hasn't met the condition in 4H.
However, in 12H time frame, BTC is meeting the Vegas tunnel strategy right now.
That means it fell to 144/169ema then rallied back to 12ema rapidly.
Now we need to observe it, if it can keep here(above 12ema) until the end of this 12H candle closure, it would be a nice timing for entry.
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Trading Strategy
Profit targets:
a) 59393~61999----Fib(1.272~1.382) --->Already Hit!
b) 67590----Fib(1.618) --->Already Hit!
c) 76640----Fib(2)
Anyway, never forget to control your risk
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Let's see where BTC can bring us to!
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
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✅TLMUSDT - Go to our TP2 as a RocketBYBIT:TLMUSDT
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Congrats! If you are following this trading plan as below.
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TLM is crazy and going through TP2 we set.
As usual, do not forget to take profit at every TP gradually, you can hold the rest until TP3.
Just take it anytime you satisfy.
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Moreover, I set two new SL which are $0.4565 to protect your unrealized profit.
Have a good day!.
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If you like this analysis, smash the like button and leave a comment below to share your thoughts
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Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!