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SOLANA → Correction to the liquidity zone before the rally ↑BINANCE:SOLUSDT enjoys high interest from both a fundamental and technical perspective. Bulls overcome key resistance, but the coin follows bitcoin and there are nuances.... Solana's growth is likely to continue because it is well positioned to capture the next wave of cryptocurrency adoption. Likewise, the coin is also strengthening as the third major crypto asset after Bitcoin and Ethereum. Investors evaluate such positive factors as: high activity amid the BTC correction, more meme coins (weird, but okay), growth in overall capitalization and DEX volumes on the network, and low commissions. This whole conglomerate suggests that Solana could be the next crypto-ETF to launch. Technically, we should pay attention to the nuance between Mt.Gox and BTC, accordingly, the market may slip to support until the situation stabilizes before further growth, which can be influenced by ETH-ETF. Resistance levels: 162.45 Support levels: 140.0 133.8, 122.3 The market may let the correction continue due to Mt.Gox, which activated BTC transfers after a test transaction today. And since SOL actively follows BTC, the moves could be correlated. The bullish trend will continue after the situation stabilizes. Rate, share your opinion and questions, let's discuss what's going on with SOL ;) Regards R. Linda!
Long
by RLinda
10
Venky's still have downside?I am looking it at the Monthly level - you can see the price inside the Big Triangle. Currently price is completing the second leg of the Triangle zig-zag. If my assumption is right, there is still room for 30-35% downside, until it hits the lower wall of the Triangle. Venky's being one of the largest company in India engaged in poultry, breeding and chicken meat processing. Good fit under the Consumption Theme. Every-one is waiting for consumption revival. If we go by the narrative and taking the assumption of market's sector rotations. I am see the convergence at the bottom wall of the triangle. I am waiting for the price to hit that wall. What are your thoughts? will it go down from current level? or Sustain here?
BSE:VENKEYSShort
by shivalingesh
ETH/USD Secondary trend. Bullish triangle. Breakout. Target 96%Logarithm. Time frame 1 week (less is not necessary). Horizontal accumulation channel has reformatted due to price holding near the meridian zone of the 1500 level into an ascending triangle (bullish triangle). Linear for clarity. Locally breakout zone. Time frame 1 day Fractals. Underperformance due to liquidity and capitalization. Similar things are developing only more slowly (liquidity) as recently in SOL/USDT. SOL/USDT Secondary trend (part). Triangle. 1 10 2023 Already almost +150% off the breakout. ETH will be a bit off due to timing, but the gist is similar.... Or in the past LISK/USD in the distant 2020 (Interest is different due to liquidity) LISK/USD Major trend. Triangle. 24 12 2020 +325% On growth always wait for correction, on fall for growth (reversion), such is the psychology of behavior of most market participants. . Memo to the hamster. Sometimes staying out of the market is the best strategy. [/b By the end of 2024 the price with "high probability" for this bankable super centralized cryptocurrency will be over $10k. In 2025 in the distribution zone (trend highs) over 20k. Risk Management. . There will very likely be a “super takeout” (emphasis added, this is a logical “as always” probability). Look at a chart of ether or bitcoin and think about when it is more rational to do this. Probably, it will seem like everything is "going to hell", treat it coldly, buy back in installments with a grid of orders from the profit that will be in the near medium term. But, it does not change the above described target of the cycle of “participation” and “distribution”. When the price falls—the majority of market participants expect prices to rise or at least return to the past maximums. When the price rises—the majority, "according to the habit of previous self-deception" expects prices to fall.... The greater the price growth, the greater the expectation, up to the "point of breaking the opinion" (when it is already necessary to do everything the other way around). A perfect scheme of making money on the expectation of the majority.
BITSTAMP:ETHUSDLong
by SpartaBTC
23
ANF reversal or dead-cat bounce? NYSE:ANF ANF has recently pulled back from its all-time high (ATH) following its latest earnings report. Despite strong earnings, same-store sales, and electronic sales growth, and a dynamic inventory selection, concerns about a potential recession have weighed on the stock. Key Developments: Recently dropped below the 100-day Moving Average (MA) Retested the 200-day MA Bounced off the 200-day MA Broke out of a triangle formation on a 15-minute timeframe Broke above the 100-day MA but failed to break above previous support Expected Outcomes: Bullish scenario: If ANF bounces off the 100-day MA and reclaims the previous support level, it could retest the 50-day MA, coinciding with the upper limit of the current negative channel. In this case, I would consider near-term put options to hedge against a potential retest of the 200-day MA. Bearish scenario: If ANF fails to hold above the 100-day MA and the $150 support level, it is likely to retest the 200-day MA. I am closely monitoring the $150 level and will make decisions based on price action this week. Given the current macro environment, I prefer to be short this position. If the bullish scenario unfolds, I will wait for a retest of the upper channel limit before taking action. With key economic data, including retail sales, being released this week, expect volatility. Regardless of my position, I plan to be short-term and exit before the next earnings report.
NYSE:ANFShort
by Average_Joe_Options
Ethereum's Only Bullish Scenario (August 2024)Since the bullish move on Ethereum from June 2022 till March 2024 can never be counted as an impulsive wave; I expect ETH to face a challenging sell-off in the coming weeks. As long as the price is still below $4,000; many bearish analysis are valid (for instance ETH can go <$800) The invalidation of all the bearish ideas & the confirmation for the bullish continuation is basically passing $4,000. In the mean while, the only bullish idea that can be bet on is the scenario of a triangle. Whether the (c) of the triangle is in or the triangle gets bigger. As long as the price is above $1,000 and below $4,000, the idea of the bullish triangle is on. Bearish invalidation is breaking $1,000 Bullish confirmation is passing $4,000
FOREXCOM:ETHUSDLong
by MohamedSewid
TeslaPrice is consolidating in the range of 180 to 200 in the form of ascending triangle. If it sustains 200 zone then price can move up. Buy above 203 with the stop loss of 201.5 for the targets 204.5, 206, 207 and 209. Sell below 198 with the stop loss of 199.5 for the targets 197, 195, 193 and 191. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:TSLA
by vanathi
5
GOLD - Price can decline to support line of triangleHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some days ago price bounced from $2320 level and then entered to wedge, where it at once fell lower than support level. After this, price in a short time rose higher than $2320 level, breaking it again, but soon fell back to support line of wedge. Next, XAU made strong upward impulse to resistance line, breaking $2320 and $2430 levels, after which turned around. Gold broke $2430 level and later entered to triangle, where it rose higher resistance level again. But a not long time ago price fell back to support line, after which it bounced up and now trades close resistance line. In my mind, price can reach and at once bounce down from resistance area to $2375 support line of triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
4
(Update) !!! Weekly Chart Analysis : Bull or Bear ? (READ)BINANCE:BTCUSDT The situation you see seems that Bitcoin has completed its fourth downward wave and now it is time to break the ascending triangle and complete its 5th wave. Currently, Bitcoin is fluctuating around $60k and has not been able to break through the FWB:67K level. This suggests that it may continue to fluctuate within this range and requires closer examination. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Another analysis on BITCOIN _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
COINBASE:BTCUSD
by CobraVanguard
4
XRP → The court case is complete. Triangle Resistance Retest...↑BINANCE:XRPUSD is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks.... The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost! This is a positive outcome for Ripple, the industry. Ripple is only fined $125 million instead of $2 billion. The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27% Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300. Resistance levels: 0.6378, 0.7440 Support levels: 0.5663, MA-50 Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSD ;) Regards R. Linda!
Long
by RLinda
4
ETH could pop 5%Eth has been trading sideways for the past 1 day and 18 hours, during which time it has formed a small ascending triangle pattern. Given that the pattern is only a day old, there is a high likelihood of failure. However, for traders with a high risk appetite, it might still present an interesting opportunity. Additionally, we are witnessing a gradual short squeeze, with risky assets slowly clawing back their losses. The pattern suggests that Ethereum could gain 4.91%, or $125 per contract, on a breach to $2,555, with the potential to reach a high of $2,678. If the breakout is successful, the short-term trend is likely to remain bullish as long as the price stays above $2,512, a local low established today. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
THINKMARKETS:ETHUSD
by ThinkMarkets