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SSV/USDTKey Level Zone : 24.50-24.80 HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks
Long
by Ren_MomentumTrader
XRPUSD Monthly Chart: Elliott Wave Analysis and Key PatternsOn the monthly timeframe, here’s my analysis based on Elliot Wave Theory and observable patterns: Identifiable Pattern: The chart appears to form a 5-wave Elliott Wave structure, consistent with a motive wave (impulse). This structure typically aligns with the principles of an overall bullish trend. Wave Count (Elliott Wave Theory): 1. Wave 1: The initial sharp rally (early price action). Represents the first major bullish move. 2. Wave 2: A corrective phase following Wave 1, marked by a sharp retracement to a support level. Retraces but does not exceed the start of Wave 1. 3. Wave 3: The strongest and longest rally, breaking previous resistance levels. A sharp breakout confirms strong bullish momentum. 4. Wave 4: A consolidation or pullback phase after Wave 3. Does not overlap with Wave 1 (as per Elliott Wave rules). 5. Wave 5: A final rally, potentially ongoing, with price aiming to exceed Wave 3’s high. Potential Correction: After the 5-wave pattern completes, an ABC corrective wave (3 waves) typically follows. This chart does not clearly show whether the ABC correction has fully formed yet, but there are hints of prior corrections between the waves. Additional Observations: Golden Ratio/ Fibonacci Levels: The pattern aligns closely with key Fibonacci retracement and extension levels, suggesting adherence to Elliott Wave principles. Bullish Continuation: If the current price action completes Wave 5 and breaks key resistance levels, the broader uptrend could resume after a correction. This chart shows a classic Elliott Wave structure and could suggest further bullish momentum if the pattern plays out as expected.
BITSTAMP:XRPUSD
by Samthecarpetman
5
XRPUSD Chart Analysis: Identifying the Current PatternBased on the chart you’ve provided, the price appears to be consolidating in a sideways movement, forming a symmetrical triangle pattern or pennant pattern. This is characterized by converging trendlines with lower highs and higher lows. Key Observations: 1.Trend Before the Pattern: There was a strong upward trend leading into the consolidation, which supports the possibility of a continuation pattern. 2.Converging Lines: The highs and lows are narrowing, forming the triangle shape. 3.Volume Decrease: If volume is decreasing during this consolidation phase (not visible in the chart but typically happens), it further supports the pattern. Outcome: Breakout Direction: Symmetrical triangles are neutral patterns, so the breakout can occur in either direction. However, since this follows an uptrend, the probability leans toward an upward breakout (continuation of the trend). Key Levels to Watch: The breakout above the resistance line or below the support line will confirm the next move. If you want a more specific analysis or further details about this formation, let me know! Can’t wait to find out soon! What do you think? 🤔
Long
by Samthecarpetman
1
EURAUD Showing Strong Momentum: Awaiting Ideal Long EntryThis setup highlights a recurring pattern that has consistently delivered strong results in the past. With the current market movement, it's advisable to wait for a healthy retracement, presenting an opportunity for a potential long entry. Many buyers likely anticipated a longer consolidation and missed their chance to enter earlier, increasing the likelihood of a retest of the recent low. Patience and timing could turn this into an ideal entry point with strong potential for upside momentum.
Long
by FogWalkerTrader
2022 to 2025 forecastwere going to call bitcoin is already in near term bottom, since inflation is starting to go down and gas prices is also doing good from $7 to $4+ if things goes to plan then bitcoin can retest $17k-$18k for capitulation before it goes to winter sideways for couple of months before price will test $50k and take another deep somewhere $22k, and this will be the monthly historical double bottom of bitcoin, before it goes to expansion somewhere in end of 2023, 8-6months before 2024 MAY HALVING, then the next bull cycle will begin. for now we should very carefully look how recession will affect the BTC price, since we already see it from 2020 drop and how feds make the interest rates to 0, so this time we think that feds wont do the same thing last 2020, when they put rates back to 0, strong possible scenario this time is feds will still try to control the inflation even there's a mild recession, with this scenario we can say BTC can go to bottom and the beginning of long accumulation. i will update this chart once we hit $17k-$18k level.
INDEX:BTCUSDLong
by WolvesOkami
6
es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count . this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing. wave 4's often retrace back into the territory of the prior degree's wave 4, and i expect this one to follow suit. pay attention to the green trendline i've drawn on the chart,,, it serves as a solid guide for where i anticipate es1! to find a bottom. dipping below the trendline is acceptable, provided we don't see any weekly candle closes beneath it. even if a weekly candle does close below, a strong recovery the following week, such as a gap-up scenario , could invalidate the breakdown. there’s not much else to add here, as the chart is fairly straightforward. keep an eye on the trendline and monitor weekly closes for confirmation. 💸
CME_MINI:ES1!
by notoriousbids
bitcoin dips below 60kbitcoin dips below 60k, but we're unfazed. i see this playing out as we move into the depths of winter,,, this crypto winter ❄️ why would this happen, you ask? the answer is simple: a stop-loss raid. a sharp wave 4 designed to shake out weak hands. distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold. think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe. --- take note of the highlighted wave 2's and wave 4's on my chart. what i'm illustrating is "the law of alternation," which states: if wave 2 is flat, wave 4 will be sharp, and vice versa. all the wave 2's in this cycle have been flats, so by design, all of our wave 4's are set to be sharps. this fits neatly into the larger cycle: sharp retracements triggered by over-leveraged positions, yet consistently bought up thanks to strong demand. with each sharp retracement, however, the upward moves become smaller, as momentum gradually fades. --- w4 target: below 60k w5 target: between 150k-200k (conservatively). --- ps. i have recently shared a much more bullish idea via:
CRYPTO:BTCUSD
by notoriousbids
10
My Analysis and Plan for XYO/USD Alright, let's dive into what I’m seeing on this XYO/USD daily chart. I've had a look, and here’s my perspective on this coin. Technical Analysis: Significant Pump and Dump: The most obvious thing on the chart is the large pump and dump that happened in November and early December. I am seeing that the price went up very quickly, and then went down very quickly too. This leaves a lot of traders unsure about what to do. Recent Rejection: Since the big dump, the price has consistently been rejected from the $0.023 area. Every time the price tries to move up, it can't seem to break through that level, which indicates there is a lot of selling pressure at that price level. Support Zone at $0.018: The price is showing a potential support level in the area of $0.018, which gives me a potential for a lower risk entry point if that support continues to hold. RSI Near Neutral: I'm seeing the RSI is near 50, which shows no real bullish or bearish momentum. This means a move can happen either way. My Action Plan: Based on what I’m seeing on the chart, here's my plan: Entry: Primary Buy Zone: I am going to be watching the $0.018 area closely for a potential entry. If the price bounces from this area, and I see strong bullish candles, I will likely place my entry order around $0.018 Alternative Zone: I will also be watching for a strong move through the $0.023 area. I will consider placing a trade after a successful move through this level. Stop-Loss: Tight Stop: My stop-loss will be placed below $0.017. I don’t want to risk a larger loss if the price fails to find support at the $0.018 zone. Take-Profit Targets: Short-Term Target: My initial profit target is around the $0.023 level. I will evaluate the price action to see if it will move higher. Mid-Term Target: My mid term target is going to be around $0.038 - $0.04. This is a key area of resistance in the chart, so it makes sense to target that area. My Overall Strategy: I'm currently observing the $0.018 support level for a potential entry, I will want to see a clear bounce off this zone to confirm the trend. I will be setting a stop-loss below $0.017 for risk management. I will also look to enter a position after a move through the $0.023 resistance with clear bullish momentum. I am setting a short-term profit target at $0.023 and a mid-term target at $0.038-0.04. That’s my plan – focusing on the key price action and being adaptable depending on what the market is doing.
COINBASE:XYOUSD
by Abdihalim1
My Action Plan: AVA/USD - Entry at 85 Cents Alright, let's get straight to the point. My focus is now on buying AVA/USD around the 85-cent level. This is the ideal entry I'm targeting. Entry: Primary Buy Zone: My preferred entry is right at the 85-cent level. Based on the chart and the prior action, I see this as the optimal area for a long position, and where I will be placing my buy orders. Stop-Loss: Tight Stop: I'm placing my stop-loss at $0.75. This is below the $0.8 level which was the base of my previous stop loss, which will provide some breathing room. I want to avoid a large loss if the price decides to move against me. Take-Profit Targets: First Target: My initial profit target is $1.50. Second Target: Following that, I will be aiming for $3.00. Long-Term: If $3.00 is broken, then I'll be targeting higher prices. In Summary: My plan is simple: I'm setting my buy order for AVA/USD at 85 cents. My stop-loss is set at $0.75. I'm targeting take profits at $1.50 then $3.00, with a plan to go higher on a sustained move. That's my entry, stop, and profit plan – locked and loaded.
BINANCE:AVAUSDShort
by Abdihalim1
Long trading idea on $MCHPLong trading idea on NASDAQ:MCHP Reasons to buy: The stock has arrived at a strong support level, maintaining its long-term uptrend. We're not far from the all-time high (ATH), offering a favorable risk/reward ratio of 1:18 until ATH. Increased volume and the formation of a doji signal a potential reversal after a recent downturn. Strategy: Partial take profits can be placed before reaching ATH, with the rest held for a longer-term target beyond ATH. Looks like a solid opportunity!
NASDAQ:MCHPLong
by PattRec