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Bearish Patterns

BTC Breakout: Cup Pattern Imminent?BTC is testing strong resistance and struggling to recover from yesterday’s losses. It seems a cup-and-handle pattern may be forming, signaling potential bearish momentum. Be cautious! If the support breaks with high volume, BTC could drop to: • Target 1: $96,111 • Target 2: $94,155 Are the bears ready to break through? If you liked this idea or have your own thoughts, share them in the comments! Disclaimer: This is not financial advice. Always trade responsibly. Best regards, GC
Short
by gonzacastellvi
1
XLMUSDT - ABC correctionXLM had an increase of over +600% in just 20 days followed by a 15-day consolidation phase suggests an exhaustion of the previous trend. The sideways movement aligns with an ABC correction, where wave C is likely unfolding. Key Levels and Confluence Trend-Based Fibonacci Extensions: 1:1 Target for Wave C: $0.3873 Key Support Zone: $0.3725−$0.3873 Market Sentiment Lack of Volume: Reflects reduced interest from buyers, confirming a bearish bias. Below Weekly and Monthly Opens: These levels often act as dynamic resistance, showing bears are in control for now.
Short
by SiDec
2
Nearish divergence short term but needs seller supply If no one sells this might not go as bearish as it will be/is. This is a chance to re buy in remember there are many folk wanting it waiting for these dips… unlike last runs. People are accumulating like never before and crypto is the most volatile market we have. Don’t assume anything expect anything and don’t be upset if the market drops by tomorrow morning and you didn’t sell.. I haven’t sold in years I have swapped but. So I’ve made gains there. Still follow your instinct. Do your own research always before executing buy or sell orders and of not swapping out but on market always make it a limit order where you place the price to buy being just below the current price or the price you see technicals showing it will or might dip to.. try not market buy unless you are a well versed trader it’s one of the BIGGEST MISTAKES new crypto traders do. Where FX traders often learn alot more same as stock traders before they start trading but crypto can be done ANYWHERE. Same with stocks and FX but crypto is different people can and do gift it every day. It’s something you can earn and then own as an asset of some kind depending where you live. Anyways what you think will happen come tomorrow morning or this time tomorrow? What about in 7 days? Let’s stay on topic and post positive comments that can help us all learn to destroy the stock market for our gains together!
Long
by CryptoFerk
Polycab India Ltd. - Short Position SetupAnalysis for Short Position Condition: 1.Key Breakdown Level: ₹7,282 is a critical horizontal support level. A decisive breakdown below this level could trigger a bearish move. 2.Volume Profile Analysis: Below ₹7,282, the volume profile shows limited buying interest until ₹6,997, suggesting a potential drop to this level. Further weakness could see the stock test ₹6,746, where significant buying activity has previously occurred. 3.Trendline Breakdown: The stock is trading within an ascending channel. A breakdown below ₹7,282 will confirm the failure of this channel, indicating a trend reversal. 4.Moving Averages: The 20-day EMA is currently acting as dynamic support near ₹7,282. A breakdown will likely push the stock toward the 50-day EMA around ₹6,997. The 200-day EMA near ₹6,746 is a long-term support level to monitor. 5.RSI (Relative Strength Index): RSI is neutral but could head toward oversold levels if the breakdown occurs, strengthening the bearish view. 6.Volume Confirmation: Watch for an increase in sell-side volume during the breakdown for confirmation. Trade Plan for Short Positions: Entry Trigger: Below ₹7,282. Targets: Target 1: ₹6,997 Target 2: ₹6,746 Stop Loss: Above ₹7,438 (previous high near resistance). Risk-Reward Ratio: Ensure an ideal ratio of at least 1:2 for the trade. Alternate Scenario: If ₹7,282 holds and the stock bounces, the immediate upside resistance is ₹7,654, above which the stock may resume its bullish trend.
NSE:POLYCABShort
by AngshumanSaikia
$BOBO Surges 75% in Just 5 Days, Poised for More GainsIn the dynamic world of cryptocurrency, where meme coins can rocket to fame with viral speed, $BOBO has captured the spotlight with a staggering 75% surge in just five days. This Ethereum-based memecoin, known for its bearish mascot Bobo the Bear, is now making bullish strides, reflecting both its cultural resonance and market potential. Origins and Community Bobo the Bear, a creation from the internet's meme culture, particularly from 4chan's /biz board, stands as a satirical emblem of bearish markets. With a design echoing well-known memes like Apu Apustaja and Pepe the Frog, $BOBO has cultivated a robust community led by the likes of "rekt_teka NYSE:HI ". This community not only drives engagement but also supports the token through initiatives like the Bobo Council NFTs. Project Fundamentals $BOBO's structure includes zero tax on transactions, burned liquidity, and a renounced contract, providing a strong foundation for investor confidence in the often risky memecoin landscape. Market Cap Dynamics Having achieved a market cap of $100 million, $BOBO has proven its ability to attract significant investment, particularly notable in a sector where high Ethereum transaction fees can deter smaller trades. Its trading volume, despite a recent dip, still stands robust at $4,525,586 in the last 24 hours. Technical Analysis After touching an all-time high of $0.000003434 in June 2024, $BOBO's current price, though down by 51.32% from that peak, shows resilience compared to its all-time low of $0.000000007892 from June 2023, now up by over 21,000%. This indicates a strong potential for recovery and further growth. Market Position: Recently, $BOBO experienced a 3.17% drop, entering what technical analysts might see as a consolidation phase, possibly at the 65% Fibonacci retracement level. This could be an advantageous moment for those looking to invest long-term, especially in light of Ethereum's recent price stabilization. Exchange Exposure: With primary listings on MEXC and a presence on decentralized platforms like Uniswap V2, $BOBO's liquidity and visibility are currently limited. However, increased listings on more centralized exchanges could catalyze further price escalations. Market Sentiment and Future Outlook: The recent 75% surge over five days underscores $BOBO's appeal in the current market cycle, where memecoins are gaining traction as investors chase the next big cultural hit. This surge not only reflects strong community backing but also the token's alignment with broader market trends favoring the meme economy. Comparative Market Performance: $BOBO has significantly outperformed both the general crypto market and other tokens within the Ethereum ecosystem over the last week, with a 25.90% increase. Long-term Prospects: As the market potentially gears up for another bullish phase, $BOBO's current consolidation could serve as a strategic entry point for investors. Its cultural significance, combined with sound tokenomics, positions it well for future growth, particularly if the crypto narrative continues to favor memecoins. In summary, $BOBO's recent performance is not just a testament to its meme status but also to its strategic positioning within the cryptocurrency space. With a community that champions bearish humor yet supports bullish investment, $BOBO could be on the cusp of further significant gains. Keep watching this space - Bobo might just lead the next memecoin charge.
UNISWAP:BOBOWETH_E94568.USDLong
by DEXWireNews