Asset-Wise Chart Analysis and Key Levels
This is my idea for each asset based on the chart analysis. Please review and improve these ideas to suit your risk management and trading style.
1. Bitcoin (BTC/USDT)
Timeframe: 30-minute chart
Analysis:
Support Zone: Strong bounce observed around $102,000. Likely a major demand zone.
Resistance Zone: Testing resistance near $105,000-$106,000.
Indicators:
RSI: Showing recovery, but near overbought territory. Look for divergence for confirmation.
EMA: Price trending above short-term EMAs, signaling bullish momentum.
Outlook: Breakout above $106,000 could signal a strong bullish rally; failure may trigger a retest of $102,000.
2. Ethereum (ETH/USDT)
Timeframe: 30-minute chart
Analysis:
Price Action: Triangle formation with price tightening near $3,300.
Resistance Zone: $3,350 area with repeated rejections.
Support Zone: $3,100 has held multiple times.
Indicators:
BOS (Break of Structure): Bearish; the recent pullbacks suggest potential short setups.
Volume: Declining on lower levels, suggesting weak buyer pressure.
Outlook: Watch for a breakout above $3,350 or a breakdown below $3,100 for directional clarity.
3. Solana (SOL/USDT)
Timeframe: 30-minute chart
Analysis:
Trend: Descending triangle observed, with lower highs consistently.
Resistance Zone: $260-$270 area; repeated failure to breach.
Support Zone: $240; strong demand observed here.
Indicators:
RSI: Neutral, with no clear divergence.
MACD: Bearish crossover hints at potential downside pressure.
Outlook: Breakdown below $240 could signal a bearish continuation to $220. Bulls need a decisive close above $270.
4. Avalanche (AVAX/USDT)
Timeframe: 4-hour chart
Analysis:
Resistance Zone: $48-$50; multiple failed attempts to breach.
Support Zone: $36-$38, tested and held successfully.
Indicators:
CHoCH (Change of Character): Bullish signs appearing near support.
EMA: Price stuck between EMAs; watch for a breakout or breakdown confirmation.
Outlook: A bounce from $36 support could target $44. Otherwise, a drop below $36 might push toward $32.
5. 1000Blocks (1000BLOCKS/USDT)
Timeframe: 4-hour chart
Analysis:
Fakeout: Recent rejection of key levels, signaling weak bullish attempts.
Resistance Zone: $0.042 area, critical to watch.
Support Zone: $0.035 holding well for now.
Indicators:
RSI: Divergence indicates potential reversal.
Volume: Lower during the rally, signaling lack of conviction.
Outlook: A sustained breakout above $0.042 is needed for continuation; otherwise, risk of returning to $0.030 remains.
6. Polkadot (DOT/USDT)
Timeframe: 4-hour chart
Analysis:
Resistance Zone: $7.50-$8, previously rejected.
Support Zone: $5.75-$6; multiple bounces suggest strong demand here.
Indicators:
CHoCH: Repeated bullish reversals at support zones.
EMA: Price testing resistance at EMA levels.
Outlook: Consolidation likely. Bulls need to reclaim $7.50 for continuation, while bears target $5.75.
7. Axie Infinity (AXS/USDT)
Timeframe: 4-hour chart
Analysis:
Support Zone: $5.50; held firm on multiple occasions.
Resistance Zone: $6.50-$7; consistent rejections.
Indicators:
Volume: Declining as price approaches resistance.
MACD: Neutral, awaiting momentum clarity.
Outlook: Breakout above $7 could lead to a rally toward $8. Failure may bring price back to test $5.50 support.
8. Filecoin (FIL/USDT)
Timeframe: 4-hour chart
Analysis:
Support Zone: $5; currently showing accumulation signs.
Resistance Zone: $6.50-$7; price struggling to break higher.
Indicators:
CHoCH: Repeated bullish signals near support.
RSI: Near oversold, potential reversal.
Outlook: Likely to test $7 resistance again; breakdown below $5 could indicate further weakness.
This is my idea for each asset based on the chart analysis. Please review and improve these ideas to suit your risk management and trading style.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
A Haque
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Founder | MyTradingJournal
📊 Financial Market Analyst | Trader | Educator
🐦 Twitter: @MyTradingJnl6th
📺 YouTube: @MyTradingJournal6th
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.