SOLANA 200% Potential After Inverse Head & Shoulder Pattern ?SOL/USDT Technical Analysis Update
= SOL is currently trading at HKEX:23 level.
= The chart indicates a breakout at $22.50 with a successful retest at $20.50.
= Our stop loss is marked at $19.26.
= We are bullish on SOL, with an entry point between HKEX:23 - HKEX:21 and targets at HKEX:35 , HKEX:46 , HKEX:57 , and $82.
= The Inverse Head & Shoulder pattern indicates a potential target of HKEX:66 , a 200% move from the breakout level.
= The technical analysis suggests that SOL is a bullish cryptocurrency with strong potential for an upward move.
= Investors should conduct their own research and risk analysis before making any investment decisions.
= Disclaimer: This post is not financial advice.
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ARB
ARBITRUM - LONG PLAY - 200% Gain. $ARBHere is a quick analysis I completed on Arbitrum, this coin has mass potential as a layer 2 scaling solution and as a seamless integration means for ETH chain through Solidity, Unlike other layer 1 ETH competitors, Arb allows developers to create custom dApps.
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Entry Price Potential situation 1: $1.47 (If breakout above diag resistance)
Stoploss : $$1.35
Entry price if Breakdown below current prices to mid channel :$1.20- $1.05
Stoploss: A break below Diag Support > 5%
Target 1: $1.65
Target 2: $1.90
Target 3: $2.55
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Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps.
There are 2 Arbitrum chains:
Arbitrum One: Major applications are currently housed on Arbitrum One, with a concentration of DeFi protocols.
Arbitrum Nova: Utilizes a milder trust assumption in exchange for lower fees. Introduced to cater for high-volume applications such as gaming and social.
The arbitrum project consists of the following components:
Arbitrum Nitro: The underlying Optimistic Rollup technical stack powering all Arbitrum products.
Arbitrum rollup: The primary use case of the Nitro technology and the one used on the Arbitrum One chain. Arbitrum rollup orders and batches transactions to be posted onto Ethereum, thereby inheriting its security.
Arbitrum AnyTrust: A variant of Arbitrum Nitro’s that offers lower transaction cost and faster withdrawals in exchange for milder trust assumption. Instead of Ethereum, AnyTrust relies on an external Data Availability Commitee (DAC) for data availability. Arbitrum Nova uses Arbitrum AnyTrust.
Orbit: Permissionless platform for launching custom L3 chains on the Arbitrum ecosystem using the Arbitrum Nitro stack.
ARB is its native token and its current use cases include:
Governance: Token holders will be able to vote on Arbitrum DAO governance proposals regarding the future of Arbitrum One and Arbitrum Nova chains.
As at March 23rd 2023, the total token supply of ARB is 10,000,000,000. The current circulating supply is 1,275,000,000 (12.75% of the total token supply).
🔥 Arbitrum Bullish Channel ConfirmedAfter an initial period of sideways trading, it seems that ARB has finally found the way up. When we connect the two local tops and two local bottoms we can clearly see a bullish channel on the chart.
Seeing that BTC is currently going parabolic, I can definitely see volatile alts like ARB seeing big gains over the next days/week.
For now I'm looking at 1.60 and 1.80 as my initial targets, potentially even te top of the channel.
Next potential move of ARBITRUM & A buy point. ARBUSDT📈Hello guys, Everything is explained on the chart for you like always. The price is correcting and at the bottom of its ascending channel, and support zones are 1.26-1.29 and then 1.20 which I expect a temporary upward leg from there and will be a good point to buy with lower risk.
(Also consider it after a good correction and specially under 1$ will be good to invest). You can keep that in your watchlist.
Good luck.
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Write your comment and opinion below to me
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Salam be doostan, hame chiz rooye chart baraye shoma moshakhas shode. gheymat dar haale eslaah hast va hala dar kafe kanale so'oodi khodesh hast, va nahiye haye hemati 1.26-1.29 va sepas 1.20 hastand. ke man entezare yek kochak so'oodi az in hemat haro daram va ke yek noghte khoob va kam risk tar baraye kharid ast.
(hamchenin baad az ye eslaah khoob zire 1 $ gozineh khoobi baraye sarmaye gozari hast). mitoonid tooye watch lsitetoon negah darid.
moafagh bashid.
like va follow faramoosh nashe :)
ZIL/USDT Technical Analysis:ZIL/USDT Technical Analysis: Will the Zilliqa Network Upgrade and Hard Fork Lead to a Price Dump?
ZIL, the native token of the Zilliqa blockchain network, is currently trading at $0.033. As per the chart, a double top pattern has formed, and the price has already been rejected from it. This suggests a potential downside move in the near future.
Furthermore, the Zilliqa network upgrade and hard fork are scheduled to take place on 25/04/2023, which may cause the price of ZIL to dump. This is a common phenomenon in the cryptocurrency market where traders tend to buy the rumors and sell the news.
In this article, we will analyze the technical indicators and news regarding ZIL to understand whether it is a good time to buy or sell ZIL.
Technical Analysis of ZIL/USDT
As per the chart, ZIL has formed a double top pattern, which is a bearish reversal pattern. The price has been rejected from the resistance level, and the next support level is at $0.030. If the price breaks below this level, it may fall to $0.027 and $0.025, respectively.
The Relative Strength Index (RSI) is currently at 45, which indicates a neutral zone. If the RSI falls below 30, it may suggest an oversold condition and a potential buying opportunity.
The Moving Average Convergence Divergence (MACD) is also in a bearish zone, and the histogram is showing a negative trend. This suggests that the bears may be in control of the market.
ZIL Network Upgrade and Hard Fork
The Zilliqa network is scheduled to undergo a major upgrade and hard fork on 25/04/2023. This upgrade aims to improve the performance, security, and decentralization of the network. However, such upgrades and hard forks often result in a price dump as traders tend to sell off their holdings after the event.
Takeaways
Based on the technical analysis and news, here are the key takeaways for ZIL/USDT:
ZIL has formed a double top pattern, suggesting a potential downside move.
The next support level for ZIL is at $0.030, followed by $0.027 and $0.025.
The RSI is neutral, while the MACD is in a bearish zone.
The Zilliqa network upgrade and hard fork on 25/04/2023 may lead to a price dump.
Conclusion
In conclusion, the technical indicators and news suggest that the price of ZIL may experience a downward trend in the near future. Traders should be cautious and consider selling their holdings if the price falls below the next support level of $0.030. However, it is important to conduct thorough research and analysis before making any investment decisions. As always, this is not financial advice and readers should seek the advice of a professional financial advisor before investing in any cryptocurrencies.
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Bitcoin Potential Trading Setup AlertPotential Trading Setup Alert
BTCUSDT has bounced after a candle close below support and formed a bullish engulfing pattern. This indicates that BTC may hit $27800-$27900 before any further breakdown. My short bid is at $27800-$28000 with a stop loss at any 4H close above $28000 and my target is $25200.
Remember, trading carries risk, so it is important to do your own research and have a solid risk management strategy in place. Stay safe and happy trading!
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Next potential move of ARBITRUM & A buy point. ARBUSDT📉📈Hello guys, This is an update of previous analysis (blow link). Everything is explained on the chart for you like always. ARB as a newcomer token in crypto currencies with blockchain and a strong ecosystem which I think it has a lot of growth potential in next bull run. ( NOT financial advice ).
The price has lost its 1.6$ support and I expect the correction to continue until the next support zone 1.4 - 1.45 which will be a good point to buy with lower risk.
(Also consider it after a good correction and specially under 1$ will be good to invest). You can keep that in your watchlist.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion below to me
.
Salam be doostan, yek update az tahlile gozashte ARB (linke zir) hast, hame chiz rooye chart baraye shoma moshakhas shode. ARB yek arz jadid dar bazar crypto hast ba blockchain va ecosystem ghavi va mitoone petansiyel ziyadi baraye roshd dashte bashe. (tosiye maali nist). gheymat hemayat 1.6$ khod ra az dast dade va man entezare edame eslaah ta base hemayati badi 1.4 - 1.45 ro daram ke yek noghte khoob va kam risk tar baraye kharid ast.
(hamchenin baad az ye eslaah khoob zire 1 $ gozineh khoobi baraye sarmaye gozari hast). mitoonid tooye watch lsitetoon negah darid.
moafagh bashid.
like va follow faramoosh nashe :)
ARB CAN DROP MOREHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the ARB symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bitcoin Short Term Market Trend Bearish so Next Move?#Bitcoin Update:
Unfortunately, it's not looking too bright for #BTC at the moment. After losing trend-line support at $28k, the cryptocurrency experienced a sharp fall towards the FWB:27K level. With not much bullish strength in sight, we are now expecting a move towards $26k in the coming weeks.
That being said, it's important to keep an eye on the charts and never trade blindly. Make sure to wait for confirmations before opening any trades.
Support levels to watch out for are at $25900 and $24200, while resistance is at $28700.
In summary, the short-term market trend for #Bitcoin is bearish. Keep a level head and make informed decisions in the days ahead.
ARB ABC?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!
Decent case for an impulse up.
Move down could go a couple ways,
so waiting for a bit of clarity.
Some nice reactive levels to watch
in the meantime.
Cheers!
ETH/USDT Technical Analysis: Will Ethereum Price Move Up or DownETH/USDT Technical Analysis: Will Ethereum Price Move Up or Down?
Ethereum (ETH) is one of the most popular cryptocurrencies, and its price has been volatile in recent weeks. In this technical analysis, we will look at the chart patterns and indicators to determine the possible direction of Ethereum price.
Chart Analysis:
According to our chart analysis, Ethereum is currently in a bearish scenario, with a 12% decline from our resistance level. The price has been rejected from the resistance level, and we may see a further decline in the coming days. Our analysis suggests that the price could drop to $1579.
Range Bound:
However, there is a possibility that the price could remain range-bound between TSE:1840 and $1922. This range will determine the next move of the Ethereum price, whether it will move upwards or downwards.
Upward Move:
If Ethereum breaks the resistance level of HKEX:1922 , we can expect the price to move above the recent high of $2100.
Downward Move:
On the other hand, if the price breaks down the support level of TSE:1840 , we may see the price drop to the $1700 or HKEX:1500 range.
Support and Resistance Levels:
The support levels for Ethereum are TSE:1840 , $1700, and $1579. The resistance levels are HKEX:1922 and $2100.
Takeaways:
Ethereum is currently in a bearish scenario with a 12% decline from the resistance level.
The price could remain range-bound between TSE:1840 and $1922.
If Ethereum breaks the resistance level of HKEX:1922 , we can expect the price to move above the recent high of $2100.
On the other hand, if the price breaks down the support level of TSE:1840 , we may see the price drop to the $1700 or HKEX:1500 range.
Conclusion:
In conclusion, Ethereum's price is currently in a bearish scenario, but there is a possibility of a range-bound movement. Traders should keep a close eye on the support and resistance levels to determine their next move. As always, this is not financial advice, and investors should conduct their own research before making any investment decisions.
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Long ARBAfter a powerful triangle breakdown and exiting its range, Arbismart was able to climb to the range of $1.8. However, with the correction of Bitcoin, this currency has also experienced a correction. We should note that this currency was officially pumped during the rise of Bitcoin. We have two scenarios:
1. It may start to rise from this point, because it has corrected up to 50% of itself and is in its own cheap zone from an organizational point of view. The second reason is that it may have hit the ceiling of its previous trading range and may not enter the previous range.
2. The second scenario is that it wants to have a deeper correction to the previous base, in which case Bitcoin must correct a lot and we must have at least some bad news for this currency for the correction trend to continue.
In my opinion, I lean more towards our first scenario. Stay steadfast and profitable.
ARB USDT LONG SWING | ARBUSDT | LONG @ 1.65 - 1.8 | TP @ 1.82, 1.84, 1.86, 1.88, 1.9 | SL @ 1.46 | PATTERN = BULL FLAG | BINANCE |
Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. Mostly trading with PNF charts, MACD, RSI, Stoch, BPI, Cipher, MA/EMA, Support/Resistance on hourly timeframes and higher time frames
BINANCE:ARBUSDT KUCOIN:ARBUSDT BINANCE:ARBUSDT.P BYBIT:ARBUSDT.P COINBASE:ARBUSD OKX:ARBUSDT OKX:ARBUSDT.P BYBIT:ARBUSDT BINANCE:ARBTUSD
Binance Coin (BNB) Technical Analysis: A Bearish Outlook Binance Coin (BNB) Technical Analysis: A Bearish Outlook for Short-term, Bullish for Long-term
Binance Coin (BNB) is one of the most popular cryptocurrencies in the market, and it has been on a rollercoaster ride recently. Currently trading at FWB:334 , BNB has risen by 82% from its recent bottom, but it is still far from its all-time high (ATH) of HKEX:700 in 2021. In this technical analysis, we'll look at the BNB/USDT chart and try to determine what the future holds for this cryptocurrency.
BNB's Recent Performance
As per the chart, BNB has been on a positive trajectory since hitting its recent bottom. However, the analyst doesn't expect the coin to hit a bottom in this bear market. They predict that BNB's bottom would be HKEX:120 as the weekly chart is still forming a bearish flag. The analyst has a bearish outlook on the short-term prospects of BNB, but they note that the long-term outlook is bullish.
Supply and Demand Zones
The biggest supply zone for BNB is currently between $350-$400. If BNB breaks this resistance level, the analyst becomes bullish. They predict that BNB will hit HKEX:400 before the next leg down, after which a new low/bottom will be formed. The bear market bottom is expected to be around $100- HKEX:120 , after which a strong bounce can be anticipated.
Long-term Outlook
The analyst's long-term outlook for BNB is bullish due to the bull flag forming in the weekly chart. They predict that in the next bull run, BNB will reach HKEX:1500 -$2000. However, they note that every time the BNB bull market begins, it starts from the 0.5-0.618 fib retracement level, which has not yet occurred in the current market. The 0.5-0.618 fib retracement level for the current market is around HKEX:95 -$140, which the analyst believes will be the best accumulation area.
Key Takeaways
Binance Coin (BNB) is currently trading at FWB:334 , up 82% from its recent bottom.
The bear market bottom for BNB is expected to be around $100- HKEX:120 , after which a strong bounce can be anticipated.
The biggest supply zone for BNB is currently between $350-$400. If BNB breaks this resistance level, the analyst becomes bullish.
BNB is expected to hit HKEX:400 before the next leg down, after which a new low/bottom will be formed.
The long-term outlook for BNB is bullish, with the analyst predicting that it will reach HKEX:1500 - HKEX:2000 in the next bull run.
Conclusion
In conclusion, this technical analysis predicts that BNB will experience a short-term bearish outlook and hit a bottom of around $100-$120. However, the long-term outlook for BNB is bullish due to the bull flag forming in the weekly chart. Investors are advised to do their own research before investing in any coins.
ARBITRUM ARBUSDT Price Analysis: What the Numbers SayHello traders, this is @Vestinda!
Briefly, Arbitrum is a layer-2 scaling technology for Ethereum aimed at boosting transaction speed and efficiency on the Ethereum blockchain.
It is built on top of Ethereum and utilizes a technology called Optimistic Rollups to increase the number of transactions per second, reduce gas fees, and improve the overall user experience.
The purpose of Arbitrum is to provide a scalable and efficient solution for Ethereum users, developers, and dapps, enabling them to build and interact with smart contracts on the Ethereum network without worrying about the high fees and slow transaction times associated with the main Ethereum chain.
The team management behind Arbitrum is Offchain Labs, which was founded in 2018 by Ed Felten, Steven Goldfeder, and Harry Kalodner. Ed Felten is a computer science professor at Princeton University, and he also served as the Deputy Chief Technology Officer of the White House during the Obama administration. Steven Goldfeder is a postdoctoral researcher at Princeton University, and Harry Kalodner is a computer science PhD candidate at the University of Maryland.
The key investors behind Arbitrum include Sequoia Capital, Redpoint Ventures, Pantera Capital, and Placeholder Ventures , among others. In May 2021, Offchain Labs raised HKEX:120 million in a Series B funding round led by Lightspeed Venture Partners, with participation from other notable investors such as Ribbit Capital, Alameda Research, and Mark Cuban.
Shortly after listing on big CEX the price of ARBUSDT has skyrocketed to a swing high of 1.82, only to retrace to the 61-50% Fibonacci retracement levels. However, fear not, as the cryptocurrency is now making a rebound. To ensure successful short-term trades, keep a lookout for the nearest support level, which is located at the 50% Fib level of 1.48.
Stay tuned for further updates!