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Technical Analysis for Numerico (NWC/USDT) + TRADE PLANTechnical Analysis for Numerico (NWC/USDT) The price is showing a breakout potential at the top of the channel, which may signal a trend reversal. Descending Channel Pattern: Resistance: The upper trendline shows where the price has faced rejection multiple times. The resistance level is gradually declining. Support: The lower trendline indicates strong support, where buyers have consistently entered the market, preventing further decline. Breakout Potential: The price appears to have tested the upper trendline of the channel. The arrow pointing upward suggests the possibility of a breakout above the descending resistance, which would indicate a bullish reversal. Indicators: Volume: A spike in volume supports the possibility of the breakout. A breakout with increased volume is generally a stronger confirmation of the trend change. VMC Cipher B: This momentum oscillator shows a shift from negative to positive momentum, implying that the buying pressure is gaining strength. RSI (14): The Relative Strength Index is around 58.66, indicating that momentum is neutral to slightly bullish. RSI above 50 usually signals increasing buying pressure. Stochastic RSI: The stochastic RSI is currently in the overbought zone (91.21), which might signal some short-term correction, but the overall momentum remains strong. HMA+ Hist: HMA (Hull Moving Average) shows that the histogram is close to zero but shifting upward, which could imply a possible change in trend direction soon. Support and Resistance Levels: Immediate Support: $0.0719 (marked by the horizontal blue line). Resistance Zone: Around $0.0753 (upper edge of the channel). Great Entry Point: The label indicates that a long entry is ideal around the breakout zone, with an upward arrow suggesting that this level ($0.0721) could offer a solid risk-reward ratio for buyers entering before a potential upward movement. Trading Plan Entry Point: Enter the trade at the breakout above $0.0721 (highlighted as the "Great Entry Point"). If the price closes above this level on the 4-hour timeframe with significant volume, it will confirm a bullish breakout. Stop-Loss: Place a stop-loss slightly below the recent support of $0.0719, at approximately $0.0690, to minimize risk in case the breakout turns into a false breakout. Profit Targets: First Target: $0.0800 – This level aligns with a previous resistance zone and would be a conservative target for short-term traders. Second Target: $0.0850 – If momentum remains strong, the price may continue toward this higher level of resistance, providing a larger reward. Risk Management: Ensure a risk-to-reward ratio of at least 2:1. For example, if the stop-loss is set at $0.0690 (risk of approximately 3%), aim for the first target at $0.0800 (a reward of approximately 10%). Use position sizing techniques to risk only 1-2% of the portfolio per trade, to ensure long-term sustainability and avoid major losses in case of unexpected market moves. Monitoring & Adjustments: Watch for volume confirmation during the breakout. If the volume diminishes, consider closing the position early, as it may signal a weakening breakout. Adjust the stop-loss to breakeven once the price hits the first profit target, ensuring a risk-free trade for the remaining portion of the position. Conclusion: The technical analysis for NWC/USDT suggests a bullish breakout from the descending channel pattern, with indicators supporting a potential upward move. Entering at the breakout level of $0.0721 with proper risk management offers a promising opportunity, especially with a positive shift in momentum.
Long
by elfabiiani
1
Potential BTCUSD Reversal and Downtrend from ResistanceAnalysis Overview: In this analysis, we observe a potential reversal pattern for BTCUSD based on the 4-hour chart. The price is approaching a significant resistance zone, indicating a possible turning point. Key Points: Swing High & Lower High: BTCUSD has formed a recent swing high followed by a lower high, suggesting weakening bullish momentum. Resistance Zone: The price is nearing a critical resistance area marked by the PREVIOUS monthly ATH and the 4-hour FVG. Bearish Order Block: The red zone indicates a bearish order block, which could act as a strong resistance. Possible Scenarios: Rejection and Downtrend: If BTCUSD gets rejected at the resistance zone, we could see a decline towards the swing low and potentially further down. Break and Continuation: Conversely, a break above the resistance could invalidate the bearish outlook and suggest further bullish movement. Trade Idea: Short Entry: Around 70,000 USDT. Target: Initial target at 55,000 USDT. Stop Loss: Above the resistance at 72,000 USDT. Conclusion: This analysis highlights a potential short trade opportunity based on the identified resistance zone and bearish order block. The targets and stop loss levels are clearly stated to manage risk effectively. Please ensure to conduct your own research and consider the market conditions before taking any trade.
Short
by stavkog
✅TRADE REVIEW: $JASMYUSD- Opening a position. - Very risky so I have positioned sized accordingly - Very tight stop as well I want to see this GO right away and have no patience It is a lower quality name in an uncertain market. I see above average volume moving up. Consturctive pattern. If you are aware of the High Tight Flag (or PowerPlay) concept in stocks, I use this analogy when I trade crypto. The HTF requires a +100% move up (powerful) and less than 20% correction - indicating stong buyers piling into the stocks. I extrapolate this logic into the more volatile crypto names as I would like to see less than 20% retracement of the gain. To explain further, JASMYUSD has soared +450% since Feb2024. I would take 20% of 450% and allow this stock to correct up to 90% to be a valid base. Currently it has corrected only 40% and is staring to move up with great volume patterns. Hence why I have been willing to risk capital into this TRADE.
COINBASE:JASMYUSDLong
by TintinTrading
DENT - Huge potential after the breakout BINANCE:DENTUSDT (1D CHART) Technical Analysis Update DENT is currently trading at $0.00150 and showing overall bullish sentiment and looking to breakout from the resistance. Once the resistance is broken we can expect the price to reach the next target around 0.002200 and the another resistance is around 0.004014 Entry level: $ 0.001500 (after candle close above this price) Stop loss level: $ 0.001178 Target 1: $ 0.001682 Target 2: $ 0.001997 Target 3: $ 0.002400 Target 4: $ 0.003211 Target 4: $ 0.004014 Max Leverage: 3x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
BTC Bitcoin Strong Bullish Will Rise to 37000,46000 and 71000USDBTC Bulls to Retarget $31,500 BTC could be in for a choppy session as investors consider the chances of SEC approvals for the ETFs and US inflation in focus. the crypto news wires provided much-needed support. News of Fidelity filing for a spot Bitcoin Exchange-Traded Fund (ETF) was the key to the bullish session. This morning, BTC was down 0.03% to $30,524. A bearish start to the day saw BTC fall from an early high of $30,534 to a low of $30,507. Looking at the EMAs and the 4-hourly candlestick chart (below), the EMAs sent bullish signals. BTC sat above the 50-day EMA ($30,032). The 50-day EMA pulled further away from the 100-day EMA, with the 100-day EMA widening from the 200-day EMA, sending bullish signals. A hold above S1 ($30,158) and the 50-day EMA ($30,032) would support a move through R1 ($30,882) to give the bulls a run at R2 ($31,232). However, a fall through S1 ($30,158) and the 50-day EMA ($30,032) would bring S2 ($29,784) into view. A fall through the 50-day EMA would send a bearish signal. Resistance & Support Levels R1 – $ 30,882 S1 – $ 30,158 R2 – $ 31,232 S2 – $ 29,784 R3 – $ 31,956 S3 – $ 29,060 Strategy Bullish 3Lots 2 Lots will be excecuted at Profit Target Zones 1Lot will follow the Trend It will be only!!! excecuted ,if Bullish Trend changes The stops will be delivered as soon as possible to break even,better some pips above the Buyinh price I have marked my profit targets Psychology: 1:The price is always right 2The Market is alwas right 3 The Chart is always right 4 IGNORE THE NEWS; Plan your trades and trade your plan. 5Drawdowns are partof the game 6 Risk management and money mangement is King! 7 wHATEVER HAPPENS;sTICK TO YOUR PLAN! 8 In a bear market no price is weak enough 9 In a bull market no price is strong enough 10 Patience !Wait for confirmation: Control emotions and tensions.
CAPITALCOM:BTCUSDLong
by DaveBrascoFX
14
#Bitcoin - thoughts out loud #19Good evening, we are from Ukraine! Dear colleagues, I am glad to welcome you! Having familiarized myself with the market situation on the younger time frames, I can note several key points of the situation that need to be paid attention to. First of all, the current decline in volatility on the first cryptocurrency indicates that the "spring" is narrowing and should soon shoot. The false distribution phase is coming to an end, so I expect a successful spike test or the last point of resistance, as it happens, if one of the signals is present, this is a 90% long scenario and then we will see how easy it will be to stop this locomotive. Secondly, in the case of a true distribution, the price should break the local highs above 32000 and then we can safely talk about Bitcoin at 27000, possibly even cheaper. This is a short action plan in a few words, thank you for your attention, all the best. A like or a comment would be the best thank you from you. To those reading, I wish you all the best of luck! Thank you for your attention, and a special thanks for your likes and comments. Sometimes you win /sometimes you learn . #Bitcoin
Long
by WVitalievich
Volatility signals potentials for LONG**Title: ARKHM/USDT Price Analysis: Volatility Signals Potential Upside, Caution Advised** **Date: July 26, 2023** In the latest developments for ARKHM/USDT, the cryptocurrency pair has experienced significant price fluctuations, showcasing well-defined small and big waves. While the recent price movements signal potential upside, caution is advised due to the inherent volatility in the market. **Small Wave 1 ($0.6307) and Small Wave 2 ($0.7245):** ARKHM/USDT started with a bullish tone as Small Wave 1 surged to $0.6307, followed by a correction in Small Wave 2 at $0.7245. **Small Wave 3 ($0.5907):** The momentum shifted in favor of the bears as Small Wave 3 dropped to $0.5907, indicating increased selling pressure. **Small Wave 4 ($0.6392):** A retracement occurred with Small Wave 4 reaching $0.6392, suggesting a temporary recovery. **Small Wave 5 ($0.5601 - Rejection):** The downward pressure intensified, with Small Wave 5 starting a rejection at $0.5601. A significant bottom was formed, indicating a potential reversal. **Big Wave A ($0.6691 - Retracement):** A larger retracement occurred with Big Wave A hitting $0.6691 on Saturday, July 22, 2023. The market continued its downward trajectory, completing another set of Small 5 Waves, reaching $0.4896, and forming Big Wave C as a temporary bottom. **Wednesday, July 26, 2023 - Confirmation Buy:** The market showed signs of a potential upturn as the price broke a critical level, reaching $0.5188, confirming a buy signal. **Forming New Wave A ($0.6020):** Following the confirmation, a new uptrend began, forming a fresh Wave A at $0.6020. **Wave B Retracement ($0.5201):** The market experienced a retracement in the form of Wave B, pulling the price back to $0.5201. **Current Price ($0.5334):** As of the current analysis, the ARKHM/USDT pair stands at $0.5334, showcasing potential for further price movement. **Sentiment:** The overall sentiment surrounding ARKHM/USDT remains cautiously optimistic. The recent price fluctuations and well-defined waves suggest potential upside, but traders must exercise caution due to the inherent volatility in the market. Proper risk management is crucial as the market continues to exhibit significant price swings. **Conclusion:** ARKHM/USDT has displayed a series of well-defined small and big waves, signaling potential price movement in the market. Traders are advised to carefully analyze market trends and implement robust risk management strategies. While there is a possibility of upside potential, caution should be exercised due to the volatility in the market.
Long
by WaveElliot
Bitcoin 34min. short Daily Signal is long BTC Bears Target Sub-$26,000 on SEC v Binance and Ripple Battles BTC was flat this morning, with regulatory uncertainty stemming from the SEC lawsuits against Ripple, Binance, and Coinbase testing buyer appetite. The market structure and momentum of Bitcoin was bearish, but its bounce back above $26k gave bears some food for thought. Bitcoin’s correlation with the S&P 500 turned negative over May. This meant that the index has an overall bullish outlook, but Bitcoin has trended in the opposite direction in recent weeks. The increasing hostility from regulatory bodies in the United States has played a part in BTC’s misfortunes on the price chart. There was an argument to be made that Bitcoin showed some signs of recovery. Yet, an analysis of the price action showed that the bias remained in favor of the sellers. On the other hand, if Bitcoin climbs to $28k, it could signal an uptrend. Can the bulls drive Bitcoin past $27.4k next? The market structure of Bitcoin on the daily timeframe was bearish. The structure shifted on 21 April when BTC dipped below a recent higher low. Since then, the price has trended lower on the chart. Moreover, the trading volume has been extremely low from April onward, compared to the volume seen in February and March. This was reflected on the OBV as well, which only went slightly lower in May in contrast to the rapid gains it posted in mid-March. The Fibonacci levels based on the recent leg down show that Bitcoin was likely headed toward $24.8k. The 61.8% extension level at $23.3k was also a target it presented. The price action showed that the $24.2k-$24.4k region could serve as strong support. Beneath that, the $22.4k and $21.5k levels were important. To signal a bullish shift in the structure, Bitcoin prices must rise back above the recent lower high at $27.4k. Yet, an uptrend would not be established there, as BTC would need to form a higher low and continue higher. Cautious investors can wait for this turn of events before looking to buy. On Saturday, BTC extended the winning streak to three sessions, gaining 0.67% to end the day at $26,535. SEC v Binance news delivered a breakout morning session before profit-taking left BTC with modest gains. The technical indicators turned bullish, signaling a return to $27,000. On Saturday, bitcoin (BTC) gained 0.67%. Following a 2.92% rally on Friday, BTC ended the day at $26,535. Significantly, BTC enjoyed its first three-day winning streak since May. A mixed start to the day saw BTC fall to an early afternoon low of $26,202. Steering clear of the First Major Support Level (S1) at $25,523, BTC rose to a late morning high of $26,857. However, falling short of the First Major Resistance Level (R1) at $26,882, BTC eased back to sub-$26,500 and a range-bound afternoon session. SEC v Binance News Delivered Brief Relief On Saturday, news of Binance striking a deal to address the SEC’s motion to freeze Binance US assets supported a breakout morning. Binance, Binance US, and the SEC agreed on a deal restricting access to customer funds to Binance US employees. The agreement prevents Binance Holdings staff from having access to private keys for US wallets. The SEC filed a motion to freeze the assets of Binance US shortly after filing charges against Binance, Binance US, and Binance CEO CZ. On Saturday, the US Court signed off on the deal, which allows Binance to repatriate all US customer funds and private keys onshore to nullify the motion to freeze. While the news was positive, Binance US and Binance face charges that could drag on and further impact the US digital asset space. Uncertainty toward the SEC v Ripple case remains another headwind, with optimism of a Ripple win fading after the release of the Hinman speech-related docs. The Day Ahead It is a quiet Sunday session, with no US economic indicators to provide direction. The lack of external market forces will leave BTC in the hands of the crypto market news wires. SEC activity remains the focal point, with SEC v Ripple, Binance, and Coinbase (COIN)-related news likely to move the dial. We also expect market sensitivity to lawmaker chatter. US lawmakers have remained silent on the William Hinman speech-related documents and the SEC charges against Binance and Coinbase. Bitcoin (BTC) Price Action This morning, BTC was down 0.05% to $26,523. A mixed start to the day saw BTC rise to an early high of $26,551 before falling to a low of $26,410. BTC Technical Indicators Looking at the EMAs and the 4-hourly candlestick chart (below), the EMAs sent bullish signals. BTC sat above the 100-day EMA ($26,269). The 50-day EMA closed in on the 100-day EMA, with the 100-day EMA narrowing to the 200-day EMA, sending bullish signals. A move through the 200-day EMA ($26,654) would support a breakout from R1 ($26,861) to target R2 ($27,186). However, a fall through the 100-day EMA ($26,269) and S1 ($26,206) would bring the 50-day EMA ($26,059) into view. A fall through the 50-day EMA would send a bearish signal. Resistance & Support Levels R1 – $ 26,861 S1 – $ 26,206 R2 – $ 27,186 S2 – $ 25,876 R3 – $ 27,841 S3 – $ 25,221 BTC needs to move through the $26,531 pivot to target the First Major Resistance Level (R1) at $26,861 and $27,500. A move through the Saturday high of $26,857 would signal an extended bullish session. The crypto news wires should be crypto-friendly to support an extended rally. In the event of an extended rally, BTC would likely test the Second Major Resistance Level (R2) at $27,186 and resistance at $27,500. The Third Major Resistance Level (R3) sits at $27,841. Failure to move through the pivot would leave the First Major Support Level (S1) at $26,206 in play. However, barring a risk-off-fueled sell-off, BTC should avoid sub-$26,000 and the Second Major Support Level (S2) at $25,876. The Third Major Support Level (S3) sits at $25,221.
CAPITALCOM:BTCUSDShort
by DaveBrascoFX
SP500 - Targets from here on.We closed above the decending trendline from januari 2022. Many traders are drawing this line wrong ATM to match their bias. Beware. We closed above which is very bullish but many people are saying that we closed BELOW, they try to match this scenario with 2008 and 00. It is not unlikely that we break down under the trendline again, but right now this isnt the case. Here are my shortterm targets for SP500. I wait for the FOMC tomorrow and expecting a pause of the rate hikes because the banking crisis we had last week. A pause will send us up towards 4311. 0.25 hike means neutral and 0.50 will send us down towards 3600. DO NOT trade into FOMC, it is pure gambling, it doesn't matter how "sure" you are. Good luck.
SP:SPX
by WealthNode
1
BITCOIN BREAKDOWNHave a nice day dear traders, we are here with Bitcoin Bitcoin resumed its sharp move on Sunday evening early in the Asian session as I have been writing for the past two weeks. But currently I see less change, usually these moves determine the whole weekly trend but in this situation I would say the market went for liquidity at $16975 - $16920 and this is where the whales are taking long positions into swing trades. The last 40 years in the stock market, December has been 90% in the green which is currently indicated by the Fed's dovish policy We are currently at the vPOC ( point of control ) of the Asian session for BTC which means that if we hold this level on the 30m chart and do not close at least 3 candles below $16930 then I see the current swing trend breaking out to the levels indicated on the chart around $17,500
COINBASE:BTCUSDLong
by Crypto-Frantisek
5