ALTS
SOLUSDT : Setting Up for a BIG MOVEHi Traders, Investors and Speculators of Charts📈📉
Solana / SOLUSDT has some GREAT upside potential from this point, and SOL is no stranger to parabolic upside movements. We know this because:
✅ SOLUSDT Macro Cycle analysis shows Accumulation Phase
✅ SOLUSDT established a clear bottom
✅ SOLUSDT is currently trading rangebound AFTER bearish cycle has completed
✅ According to market cycle / phase analysis, the next step to follow is the bullish cycle
✅ Clear support zone & resistance zone -ranges can be identified by using Technical Indicators
With the help of two technical indicators ( Marty's Moving Averages & CryptoCheck FlipMO v2) we can confirm the conclusion made from the analysis of the chart's macro perspective : we are currently trading in range-bound accumulation phase. It's not ideal to trade in rangebound zones between support zone and resistance zone since this is the ideal place for stop hunt algorithmic trading bots to trade, often causing shakeouts.
Even thought the price may continue to trade range bound for a period of time , the next big market cycle is clearly the bullish phase.
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CryptoCheck
CRYPTOCAP:SOL BINANCE:SOLUSDT COINBASE:SOLUSD BINANCE:SOLUSD BINANCE:SOLUSDT.P BINANCE:SOLBTC BINANCEUS:SOLUSD CRYPTOCAP:SOL.D OKX:SOLUSDT.P KRAKEN:SOLUSD
Solana - SOLUSDT Bullish Cycle NextHi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
Solana / SOLUSDT has some great upside potential from this point, and SOL is no stranger to parabolic upside movements.
With the help of two technical indicators ( Bollinger Bands & CryptoCheck START V3.5 ) we can confirm the conclusion made from the analysis of the chart's macro perspective : we are currently trading in range-bound accumulation phase. It's not ideal to trade in zones between support zone and resistance zone since this is an strictive place for stop hunt algos to trade.
Even thought the price may continue to trade range bound for a period of time, the next big market cycle is clearly the bullish phase.
_______________________
📢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:SOL BINANCE:SOLUSDT COINBASE:SOLUSD BINANCE:SOLUSDT.P BINANCE:SOLUSD KUCOIN:SOLUSDT BINANCE:SOLBTC BINANCEUS:SOLUSD OKX:SOLUSDT.P FX:SOLUSD
AAVE, Maria. If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Not financial advice, you do you
Looking for a potential move down here but a flip of the 66.92 level would be ideal for the bulls.
PEPE, Jumped! If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Looks like pepe jumped, but now it has to hold!
At a crucial level here! Holding would be ideal.
It broke the stair step pattern down, now it has to at least start a stair step move up!
Cheers.
Simple Path Possibilities for BTC DomSuper simple / quick post. Bitcoin dominance had a confirmed double top, and now may or may not confirm a double bottom.
If it does, it will likely move up to resistance and then back down before deciding to break through resistance or support.
Otherwise, it may just lose support
SUPER BULLISH Dogecoin: Latest News😺Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
Philanthropist and Entrepreneur Elon Musk has been mentioning his intentions to migrate Twitter over to the " X " app or, the Everything app. He has also mentioned that Dogecoin will be used as a payment method. This is bullish for DOGEUSDT as it will increase demand and market cap for the altcoin.
We also take a quick look at the macro cycle, we're currently in accumulation zone where whales are building up their bags. The technical indicator CryptoCheck START v3.5 should give a good estimate on when the price starts rising when it calls a BUY in the weekly timeframe.
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CryptoCheck
ACA/USDT 1D. Fall out of channel. Manipulation.Here's coin in DOT ecosystem - Acala network.
Though it has problems with its stable coin etc. there's space for earning money. Here's how.
There was an accumulation channel(logic of the current movements). In it the volume was accumulated.
Now there;s a break down of this channel. Price is dumping. The meaning of it - is how i've already described - collection of stop losses.
From the support price has now dropped 37% down. We've come to the first support and potential reversal zone 0.545$. Yellow level.
The second one is on the chart.
When dropping out of that horizontal channel we had - the downtrend channel started to form, this is when we speak about technical side of this potential manipulation.
Now as you can notice on the chart - the price is on the support of this downtrend channel.
Hence we can at least work locally from the support considering potential bounce of the price.
Bitcoin Bearish Head & Shoulder Chart AnalysisBitcoin Technical Analysis: Head & Shoulder Pattern Indicates Bearish Trend
Bitcoin's current trading price is $26800, and the daily time frame chart shows that the Neck Line support of the Head & Shoulder pattern has been broken, indicating a bearish trend. This article provides a technical analysis of the BTC/USDT chart, along with insights into the potential target and key levels to watch.
Previous Analysis -
Correct Prediction: The author's previous analysis of Bitcoin's trading behavior correctly predicted a drop from $30k to $26k.
Fresh Analysis -
Head & Shoulder Pattern Indicates Bearish Trend: The daily time frame chart indicates that the Neck Line support of the Head & Shoulder pattern has been broken, signaling a bearish trend. The Head & Shoulder pattern is forming perfectly, and the current target after breaking the Neck Line support is $24000.
$24000 Target -
Based on Chart Analysis: The target of $24000 is based on the height of the Head from the Neck Line support on the chart.
Retest Level at $24000:
After the breakout on 13-14 March, Bitcoin reached $31000 from $24000. However, the chart pattern has not yet retested the breakout point, so the current retest level is at $24000. Therefore, traders should give high priority to testing $24000 before an upside ride.
What if Head & Shoulder Pattern Fails?
It is possible that the Head & Shoulder pattern may fail. In that case, if Bitcoin breaks upward $27000 and daily candle closes above $27500, the current pattern will be invalidated, and the targets will be on the upward side.
Key Levels by CryptoPatel:
The author suggests that traders should watch the support levels of $24000 and $21300 and the resistance level of $27050.
Takeaways for Traders:
Based on the technical analysis of the BTC/USDT chart, the author predicts a bearish trend with a potential target of $24000. Traders should keep an eye on the chart and be prepared for any unexpected market movements.
Conclusion:
Bitcoin's current Head & Shoulder pattern indicates a bearish trend, with a target of $24000 after breaking the Neck Line support. The author advises traders to be cautious and monitor the chart closely to make informed trading decisions.
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