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AUCTION/USDT Technical Analysis: Potential Long Trade SetupAUCTION/USDT Technical Analysis: Potential Long Trade Setup Hey Traders! Check out this technical analysis on AUCTION/USDT for a potential long trade opportunity. Remember, this is not financial advice, and always do your own research before investing in any coins. Price Action Analysis: AUCTION/USDT has seen an impressive 300% surge in the past week. However, it's crucial to approach trading with caution and not let FOMO (Fear Of Missing Out) guide your decisions. Long Entry Strategy: Based on my analysis, Wave (III) seems to have completed, and a correction in the form of Wave (IV) could be coming. If you're considering a long position, wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is expected. Ideal Entry Zone: $8.88 - $10 Stop Loss: $7.58 Price Targets: Should the anticipated pattern play out, significant upside potential is possible. Primary price targets for the long trade are set at $17 and $22. Risk Management: Remember, risk management is crucial in trading. Enter the market with a well-calculated risk-reward ratio to protect your capital and avoid substantial losses. Consider short trading opportunities as well, but be aware that they may require a wider stop-loss due to higher volatility. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, so exercise caution and conduct thorough research before making any investment decisions. Happy trading, and may the markets be in your favor! Follow us for More Quality Content. Thank you
Short
by CryptoPatel
5
SOLOUSDT - UP 86%🥂 Next Target 65cHi Traders, Investors and Speculators of Charts📈📉 SOLOUSDT has since gone up 86% since my last post on it, as seen here: If you're NOT looking to accumulate and you're swing trading, now is a great time to bag in some profits so cheers to you 🥂💥👍 If you missed out on the SOLO run, here are the other top 9 Altcoins on my watchlist: _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck POLONIEX:SOLOUSDT CRYPTO:SOLOUSD
Long
by CryptoCheck-
15
XRP/USDT Technical Analysis ( $10 Target is Next Bull Market ? )XRP/USDT Technical Analysis: Retracement and Targets In this XRP/USDT technical analysis, we'll explore recent price movements and potential retracement levels. Please note this is not financial advice, and always do your own research. XRP Price Overview: XRP is trading at $0.77, surging 100% from the bottom level after the SEC clarified Ripple is not a security. Expected Corrections: Possible retracement levels: 0.5 Fib = $0.6983 0.618 Fib = $0.642 0.786 Fib = $0.5618 Strategy and Caution: Avoid buying in FOMO, prioritize risk management, and research before investing. Long-term Targets: In the next bull run, XRP may reach $5, possibly hitting $10. Accumulation Strategy: Consider accumulating during dips, especially between 0.618 and 0.786 Fib levels. Key Levels: Support: $0.6983, $0.5618 Resistance: $0.88, $1.27, $1.60, Moon Conclusion: The recent XRP price surge shows promise for the upcoming bull market. Be cautious, conduct research, and invest wisely. Happy investing! Follow us for More Quality Updates for Bull Run. Thank you
by CryptoPatel
5
Altcoins! June 23rd, Channels, and Current InterestsTraders, As promised, I am doing a quick overview of current price action in our altcoin space. I will cover an important date, June 23, and why it matters. I will also review the channels that are forming on most alts which appear as though they could be mid-term bear flags. And finally, you will see me review some of my current trades and what I am looking at for targets, stop limits, etc. Enjoy. Stew Timestamps 00:00 Intro 09:17 Altcoins 11:27 DogeCoin 16:00 Defi Coins 19:34 Outro
by stewdamus
1
BNB's Next Bull Run: Targets of $2000-$3000 Unveiled in TABNB/USDT Technical Analysis: Short-term Bearish, Long-term Bullish In this technical analysis of BNB/USDT, we will explore the current market conditions and provide insights into the potential price movements of Binance Coin (BNB) in the short and long term. Please note that this analysis is based on historical chart patterns and does not guarantee future price movements. Current Situation: At the time of writing, BNB is trading at $244, having experienced a 5% pump due to a recent Launchpad Sale. However, based on the chart analysis, the short-term outlook for BNB/USDT appears bearish. Distribution Zone and Downside Potential: The chart analysis indicates the presence of a green box, which represents a distribution zone. Typically, after such a distribution, a downward move can be expected, potentially leading to Wave 5. Considering this, there is a possibility of BNB experiencing a downward movement of 40-50% from the distribution zone. Anticipated Buy Opportunity: Based on this analysis, the author is waiting for a buy opportunity at the $100 level. It is believed that BNB/USDT may hit bottom around $100 and potentially bounce back strongly from this level. The author has identified three entry levels: $120, $101, and $80 (with below $100 being considered a bonus). Long-term Bull Run Potential: Looking ahead, the historical chart patterns suggest that BNB may experience a significant bull run in the future. The author believes that during the next bull market, BNB has the potential to reach a price range of $2000-$3000. Target Areas: To provide potential profit-taking levels, the author has identified several target areas: TP1: $1000 TP2: $1500 TP3: $2000 (with 80% of positions to be closed at this level) TP4: $3000 (with prices above $2000 considered as a bonus) CryptoPatel Levels: Lastly, the analysis includes key support and resistance levels: Support: $220, $180, $100 Resistance: $333 Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading cryptocurrencies carries risks, and past performance is not indicative of future results.
Long
by CryptoPatel
5
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
1
BTCUSDT 4H Chart AnalysisBTCUSDT 4H Chart Analysis Overview: Bitcoin (BTC) has been experiencing range-bound trading for the past 18 days, with traders eagerly awaiting a breakout from this consolidation phase. In this report, we analyze the key levels and targets to watch for potential breakout opportunities. Breakout Targets: Upward Target after breakout: $38,000 Downside Target after breakdown: $27,000 Breakout Areas: Upward Breakout Point: $31,250 Downside Breakout Point: $29,800 Technical Analysis: BTC has been consolidating within a range, indicating indecision among market participants. The upward breakout point at $31,250 represents a significant resistance level that needs to be surpassed for a bullish breakout to occur. Conversely, the downside breakout point at $29,800 acts as a crucial support level that, if breached, could trigger a bearish breakdown. Implications: A successful upward breakout could lead BTC towards the upward target of $38,000, providing potential profit opportunities for traders. Conversely, a downside breakdown below the $29,800 level may push BTC towards the downside target of $27,000, offering opportunities for bearish positions. Risk Management: It is important to note that breakouts can be accompanied by increased volatility and sudden price movements. Traders should implement proper risk management strategies to protect their capital. Consider setting stop-loss orders and closely monitoring the price action during the breakout phase.
Long
by CryptoPatel
LTCUSDT Rallies 38%, PULLBACK LikelyHi Traders, Investors and Speculators of Charts📈📉 We are seeing a correction on LTCUSDT after a 38% increase and it's time to secure those profits! LTCUSD is likely to correct to the next immediate support zone where you can either 💥take a swing trade and short, or 💥 wait and accumulate more at the demand zone back in the $90's Previous Litcoin Update : _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _______________________________ COINBASE:LTCUSD CRYPTOCAP:LTC BINANCE:LTCUSD BITFINEX:LTCUSD KRAKEN:LTCUSD BINANCE:LTCUSDT KRAKEN:LTCUSDT POLONIEX:LTCUSDT PHEMEX:LTCUSDT
Short
by CryptoCheck-
25
DOGE -BULLISH: BTC Halving, ALTS RotateHi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. Historically, Bitcoin has been the dominant player in the crypto market, accounting for the majority of trading volume and market capitalization. However in recent years, altcoins have begun to gain traction and there has been a growing trend of investors rotating their liquidity from Bitcoin into altcoins. Not to mention the fact that Mr. Elon Musk himself is always bullish on Dogecoin and this has resulted in increased adoption for the altcoin DOGEUSDT. The Bitcoin halving is an important factor to keep in mind in the coming months as this affects the rotation of liquidity between Bitcoin and altcoins. (The halving is an event that occurs every four years, when the reward for mining a new block is cut in half) . This reduces the supply of new Bitcoin entering the market, which can lead to an increase in price. If the Bitcoin halving leads to a significant increase in the price of Bitcoin, it is possible that some investors will rotate their liquidity out of altcoins and into Bitcoin (meaning that the price of alts will INCREASE up until the halving, where it will then exit alts and enter BTC market again). The next Bitcoin Halving is scheduled to take place around April or May of 2024. Order of the Rotation Based on the Market Cap of the Altcoin The order of the rotation of liquidity between Bitcoin and altcoins is typically based on the market capitalization of the altcoin . The largest altcoins, such as Ethereum, Litecoin, and Ripple, tend to see the most liquidity rotation, as investors move their capital into these assets in search of growth opportunities. As we have recent seen significant increases in Solana, Litecoin and ETH, we can now expect liquidity to rotate into the next class of alts with slightly smaller market caps then the previous class, including DOGE. These are some of the fundamental reasons on why I am bullish on DOGECOIN up until the point of the BTC halving next year. The technical reasons for my bullish sentiment have been discussed in the video, including Technical Indicators and Macro phase analysis. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _____________________ CRYPTOCAP:DOGE BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P OKX:DOGEUSDT COINBASE:DOGEUSD KUCOIN:DOGEUSDT BINANCE:DOGEBTC CRYPTOCAP:DOGE.D COINBASE:DOGEUSDT
BINANCE:DOGEUSDLong
by CryptoCheck-
19
Bitcoin's Battle between Bulls and Bears#bitcoin Update: Currently Trading at $30,500 Bitcoin ( CRYPTOCAP:BTC ) is facing resistance in the red box area as shown in the chart, resulting in a price drop to the local support zone. The recent big wick indicates stop hunting and liquidations of overleveraged positions. However, as #BTC continues to trade within a range, money is flowing into altcoins. Key Levels to Watch: - Support Area: $29,800 - Resistance Area: $31,000-$31,200 - Range Bound: $29,800-$31,200 Stay tuned for more updates as Bitcoin's price action unfolds!
by CryptoPatel
3
Altcoins Double-Top, DXY Double-BottomShould TVC:DXY move back down to the bottom shown on the chart above, the altcoin market could move back to its top. There is also a possibility of this happening if DXY simply moves sideways for an extended period of time. However, if DXY moves back up above 105-108, hits 112-116 and continues, expect the altcoin market to move much further down. Why? The altcoin market and TVC:DXY are significantly negatively correlated, moving in near mirror-images of each other. DXY correlation with alts (and Bitcoin, Stocks, etc) does cycle into the positive at times, but predominantly remains in negative correlation, long-term. This makes sense, too: as the dollar index strengthens or inflates, the vast majority of everything that can be purchased with it will lose value as the dollar index weakens or deflates, we see them gain in value.
CRYPTOCAP:TOTAL3Long
by dudebruhwhoa