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#INJUSD 1DAYINJUSD (Injective / US Dollar) Timeframe: Daily (1D) Pattern: Trendline Breakout A trendline breakout has occurred on the daily chart of INJUSD, signaling a shift in market momentum. The pair had been following a descending trendline, indicating sustained selling pressure over time. However, the price has now broken above this trendline, suggesting that bearish control is weakening and a bullish reversal may be underway. Trendline breakouts often indicate a change in trend direction, and in this case, the breakout above resistance points to potential upward movement. Forecast: Buy The breakout above the descending trendline signals a buying opportunity. This suggests that the price could continue to rise as bullish momentum gains strength, with the potential for further upward movement in the short to medium term. Technical Outlook: Support Level: The previous trendline, which now serves as support, helping to sustain the new bullish momentum. Resistance Level: Key resistance levels above, which could serve as profit targets or areas to watch for potential price consolidation. Key Levels to Watch: Traders should monitor price action to ensure the breakout holds, with bullish candlestick formations and volume spikes providing further confirmation. This pattern often leads to continued upward price movement, but traders should remain aware of broader market conditions that could influence INJ’s performance, such as news related to cryptocurrency regulation or market sentiment. Keep an eye on the broader cryptocurrency market as well, as shifts in sentiment can quickly affect the performance of altcoins like Injective.
BINANCE:INJUSDLong
by PIPSFIGHTER
#BTCUSD 1HBTCUSD (Bitcoin / US Dollar) Timeframe: 1-Hour (1H) Pattern: Channel A horizontal channel pattern has been identified on the 1-hour chart of BTCUSD. This pattern is defined by two parallel trendlines, with the price bouncing between the upper resistance and lower support levels. The channel suggests that Bitcoin is trading within a range, with neither buyers nor sellers gaining full control, leading to stable price movement within the channel. Forecast: Buy Within the Channel The current forecast suggests a buying opportunity within the channel, particularly as the price approaches the lower boundary (support). Traders can look to enter long positions near the support level, aiming for the upper boundary (resistance) as a target. The pattern indicates potential profits through buying low and selling high while the price remains contained within the channel. Technical Outlook: Support Level: The lower boundary of the channel, where buyers are expected to step in and push prices higher. Resistance Level: The upper boundary of the channel, which may serve as a target for bullish positions. Key Levels to Watch: Look for bounces off the support line to confirm bullish entries, with resistance levels as the target. Traders should be cautious of a potential breakout from the channel, which could shift market direction. Confirmation through bullish candlestick patterns or an increase in buying volume near the support zone would be ideal for entry. As always, be mindful of Bitcoin-related news or regulatory changes that could cause sharp price movements and influence the validity of this channel trading strategy.
BINANCE:BTCUSDLong
by PIPSFIGHTER
BNB/Binance Technical Analysis and Trade IdeaMarket Context: BNB/Binance has enjoyed a strong bullish run, but monthly timeframe signals point towards the asset being overbought. Additionally, a move into previous highs on teh 1M and 1W charts hint at a possible pullback to the 50-61.8% Fibonacci retracement area. This zone often sees increased liquidity, which could attract long positions from institutional players. Potential Trade Strategies: Counter-Trend Short: Consider a short entry around the current price level, placing a stop-loss above the recent highs. Aim for a 1:1 risk-reward ratio on this trade. Fibonacci Buy: Look for a buying opportunity near the 61.8% Fibonacci retracement level, anticipating potential long positions from larger market participants. Place a stop-loss below the recent swing low and establish target levels as covered in the video. Disclaimer: The analysis presented reflects my interpretation of market conditions and is intended for educational purposes. It does not constitute financial advice. Before executing any trades, conduct your own comprehensive research and carefully consider your risk tolerance.
by tradingwithanthony
BNB to see price rejection at recent lower highPrice action edged closer to the recent high, near $328. A move above the FVG zone ($331.5 - $333.7) and a lower high on 1 & 2 May could see a sell-off. The likely drop could hit the support zone of $316 - $320 (cyan). The support has been steady since mid-March. A close above the lower high ($336) will be an invalidation. Entry: $331.5 (FVG’s lower boundary) Target: $320 (support zone’s upper boundary) Stop-loss: $336 (lower high on 1 & 2 May) RR (Risk-Reward): 2.5
Short
by AMBCrypto_TA
1
Binance COIN BNB Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My BNB Binance Coin Price Targets: BNB/USDT short Entry Range: $310 - 320 Price Target 1: $295 Price Target 2: $265 Price Target 3: $240 Stop Loss: $350
Short
by BuySellMarketMaker
Binance: One step at a time 🍼Although we're expecting Binance to shoot towards the sky and exceed the resistance line at $398.40, our beloved coin is still moving sideways and taking baby steps. Imminently, Binance should pick up the pace and head into the pink target zone between $567.20 and $781.70 to complete the pink wave (3). If the coin continues to slack off, it might end up in our alternative scenario, where it would fall below the support line at $183.40. Within the green target zone, it should finish off the grey wave alt.II before heading back North.
BINANCE:BNBUSDLong
by MarketIntel
BNB/USDT - Possible Scenarios 🛠Some BNB/USDT thoughts on the 4H. Either way, not looking to take any trades until after the FOMC. Might be wise to sit on your hands until we get a clearer picture of how Q4 will likely play out. Thought we'd do a quick BNB/USDT breakdown nonetheless. BNB is one of our favorite Top 10 coins that we believe has strong upside in the long term. 📈 Both these scenarios depend on the macro trend, but anything below $297 we'll be looking to pick up for long term HODL. Bear or bull, we'll be sharing our trade thoughts daily here on TradingView! Stay safe our there. -TucciNomics Chief Overlord, AlgoBuddy
by QuantVue
BNB: HITTING THE RESISTANCE.Hey guys, here's a quick BNB update for you all. I hope this will be helpful. Timeframe: 3 hours. Update: Lately, BNB has been pushing hard to remain bullish, and recently it has come to a decisive point where BNB is facing the resistance of $292. Any coin that faces resistance always has a risk of getting rejected depending on the RSI move, the volume, and fundamentals. In the case of BNB, the RSI is in the overbought zone, with no big volume, and no major events. If the rejection takes place then we may see BNB back to the $280 to $270 level. Even if we see a breakthrough, BNB will still have to face the $300 resistance level. Once, BNB confirms a rejection, we can go short on it. Sadly, I did not scalp BNB but for those who are long on BNB in shorter TF, it'll be good to book some profits. That's it from my end. Thank you and trade safely.
Short
by Dexter_The_Trader
8
Time to long bitcoin once again!Hello everyone, hopefully you listened to me in my previous analysis when I said to keep leverage low because the trade was risky and we could go down a bit more. Well we have went down a bit to where I knew bitcoin was possible to fall to, so lets long again! This trade will be extremely profitable, similar to our Ethereum Short from $2000 or bitcoin short from $24k! I knew bitcoin might fall down more which is why I said the trade was risky, but I also knew that we are definitely going up in this current area that we are in (19k-20k). I am expecting a good Bull rally that will take us up thousands of dollars to $22k,$23k, $24k and beyond! Lets enter this long ladies and gentlemen! ENTRY: Enter right now a little bit and wait because it may go down $100-200 before going up more. Stop Loss: $19,200 TARGETS: TP1 $21,000 TP2 $22,100 TP3 $22,800 TP4 $24,200
Long
by MarketAnalyzerFX
Expecting downtrend for Ethereum!Check my recent Ethereum/BTC chart as well guys, Ethereum is really not looking well at all! I shorted Ethereum already but unfortunately it tumbled a bit too fast and I could not alert you guys about the shorting opportunity. However, I did post the $ETHBTC bearish analysis before it fell this much! Follow me for the highest quality signals for FREE! I shorted Ethereum at the top at $2020 too before this local top! Feel free to ask me about anything you are curious about!
Short
by MarketAnalyzerFX
Daily Bitcoin Update [1]From now on I will be doing a daily Bitcoin Analysis update EVERYDAY for FREE. Since this is the first official Daily Bitcoin Update, I have added the number 1 to the title. In this update I am recommending stop loss moved from $20,717 to $21,412 in profit. (Entry price was $21,112) The reason I am calling for this stop loss adjustment is because there is a higher chance of us going down now than before. I still believe we have a decent chance of going up so lets keep the trade but move the stop loss in profit, this way this trade becomes risk free now! ;) Follow me to never miss out on my high quality crypto market analysis and updates, for the price of 0$!
Long
by MarketAnalyzerFX
Update for BitcoinIn my previous analysis, we closed most of our shorts in enormous profit, and opened a long. I now see some bearish signs, so I advise either closing the long in profit right now and shorting, or hedge a short and keep the long open as well. This is a scalp trade, however if we continue the downtrend and break the local support at $20.8k - $20.9k then it can turn into a longer term swing trade! RISK: Medium/High ( be careful!) Risk to Reward: Excellent Keep the short's Stop loss at $21,4k$, or slightly above! Short term targets are the support at $20,8k - $20,9k, if we break these I will post an update with more Targets! Remember to follow me for constant quality market updates, for the price of $0.00!
Short
by MarketAnalyzerFX