DOGE Fractal: Following THIS Pattern? 📉Hi Traders, Investors and Speculators of Charts📈
Dogecoin was one of my TOP altcoins to watch for 2024. (Find the others here):
Doge has been following an interesting pattern recently in the daily timeframe - Elliot Waves. We see the 5 impulse waves up (wave1-5) followed by the abc correction waves. Then we have a period of range bound trading finally before the next wave1-5 starts. Here's where it get's technical in terms of the wave fractal:
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BINANCE:DOGEUSDT
Altcoin
The rise of the AI cryptocurrenciesThere's a cryptocurrency related to AI called PAAL AI that has surged 2000X from its low last year. I know, it surprised me too!
Afterward, I examined some of their partners. One of the most affordable in terms of market capitalization, at just $1.7 million, is VUZZ AI.
While I'm uncertain if it will follow the same trajectory, I believe it's worth noting.
On February 8th, 2024, they announced that VuzzMind joined the Google Cloud Partner Advantage Program, which is quite impressive!
STX / USDT FUTURES LONG ON SIGHTRight now i am in short position opened nearby last high, but i don't see strong reaction in this place. I will try to look for LONG positions and maybe some additional bags for my spot account.
Actual downward movement leaves so much liquidity to grab - means that it don't have much power/momentum.
We also need spring in this little reacumulation (if it's it)
I don't know if the price will come there in recent hours, days or in weeks or months.
I will try to seek long in golden hot zone
Target - new high
ETH - Still Bullish 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been overall bullish , trading within the ascending channel outlined in red.
ETH is currently undergoing a correction phase but is expected to remain bullish as long as the $3500 support level and the lower red trendline hold.
🏹 For the next upward impulse to start , potentially leading to a movement towards $4000, a breakout above $3685 is required.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Litecoin (LTC): Target 1 hit! ...what's next?Hi Traders!
The Trend returned to bullish on the daily chart and our setup worked correctly reaching Target 1 around 102.00 area (see chart below). That said, if Litecoin manages to hold the supports shown on the chart, we still expect an interesting bullish continuation with our new Target 1 around the 130 area. With this in mind, we do not rule out some corrective structure in the near term, but if it happens it should be considered as a Buy Opportunity. As we can see on the daily chart, we are approaching the first major resistance around 108 area, if it wants to break it, it should do so within a couple of sessions.
Litecoin Setup (Part. I)
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Trade with care
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MPC - Wait For The Trigger 🏹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 MPC has been overall bearish trading within the falling channel in red.
📈 However, it is currently approaching a strong round number $0.3.
🏹 For the bulls to take over and shift the momentum from bearish to bullish, a break above the last major high in red at $0.45 is needed.
In such a scenario, a movement towards the $0.65 resistance would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CHRUSDT - Trend + Resistance Breakout!CHRUSDT (1D Chart) Technical analysis
CHRUSDT (1D Chart) Currently trading at $0.123
Buy level: Above $0.121
Stop loss: Below $0.097
TP1: $0.136
TP2: $0.165
TP3: $0.195
TP4: $0.3
Max Leverage 3x
Always keep Stop loss
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IDEA - Targeting $0.01🎯Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 IDEA has been overall bullish, trading within the rising wedge pattern in orange.
Currently, IDEA is hovering within a narrow range between the lower orange / red trendlines and $0.0065 resistance.
📈Scenario 1:
As we approach the $0.0045 support zone, we will be looking for new buy setups to catch the next upward impulse movement.
🏹Scenario 2:
For the bulls to regain control from a long-term perspective, a break above $70,000 is needed.
In this case, a movement till the upper orange trendline and $0.01 round number would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ICP Huge Accumulation - Target ~$55ICP is in the last stages of a giant accumulation here. We just came back down for the BU/LPS stage before the markup. The measured move would put this up near $55. This is going to be a gem too, along with Tezos and most of the other alts right now that are about to take off!
Is the correction over? are we headed to 80k?what I see from the CRYPTO:BTCUSD chart we've had a good correction and it might be the time that we get a last push to the upside before the halving .
I have bought some more alts but i still don't have a trade position set incase that of another liquidity sweep . but i believe that the correction is mostly over .
MOBOX Inverse head and shouldersThe Right shoulder is in the process of forming
That deserves a like right ...
when I give out setups that haven't even broken out yet.
And you could actually make gains on :)
Lol ...
But the main goal is for you to be able see these for yourself and have the conviction and nerve to execute and not to become a believer in a particular coin..
Hey and even tell me that such and such coin/ FX/ commodity/ stock is looking good.
I don't even know what Mobox claims to do !
It doesn't really matter to be honest!
Best
RIPPLE (XRP): Daily Chart | Technical AnalysisHi Traders!
XRP Coin has not yet experienced the splendor like other Cryptocurrencies, and this is certainly one of the reasons why we are following Ripple, the second reason, and maybe the most important one, is attributable to the technical structure on the daily chart. A few weeks ago we published a potential bullish harmonic structure on the 8H chart (see chart below) which currently still remains valid. At the same time, we have been looking for potential support and resistance areas (0.51 and 0.72), so we cannot yet rule out a bearish consolidation in the near term, but if this happens it should be considered an opportunity to add long positions. As we have already said in the previous analysis, we have two bullish Targets, but certainly the 1.40 area should be reached in the medium term. From our point of view, the bullish reaction from the previous bottom is not impulsive, it looks much more like a corrective structure (ABC for example), so further updates will be necessary. That said, help us reach at least 50 Likes so we can feel free to post new updates as soon as possible below.
In conclusion, the best strategy for Day Traders is very simple, buy, buy and... buy on depth!
🔴 HARMONIC STRUCTURE ANALYSIS:
(Click on Chart below)
Trade with care
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