Puts ideaEach bounce was weaker than the previous one. And apparently is forming a HS to break down. Earnings on 03/07, I think the market won't save this one. It's a gamble but it is worth the risk.
Breakdown
MAVIA ANALYSIS📊#MAVIA Analysis
✅️There is a formation of Descending triangle pattern on 4H chart🧐
Pattern signals potential price correction incoming after breakdown from the support zone 📉
👀Current Price: $6.0028
🚀 Target Price: $4.9735
⚡️What to do ?
👀Keep an eye on #MAVIA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#MAVIA #Cryptocurrency #TechnicalAnalysis #DYOR
BEAMX is beaming downwards #BEAMX/USDT #Analysis
Description
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+ BEAMX has formed a well-defined rising wedge pattern, which typically indicates a bearish trend in the chart.
+ Should the price breach the support line, we anticipate a sustained decline in price.
+ I plan to initiate a short trade as soon as the price breaches the support line, while maintaining a moderate stop loss.
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VectorAlgo Trade Details
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Entry Price: 0.032179
Stop Loss: 0.03804
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Target 1: 0.03043
Target 2: 0.02921
Target 3: 0.02687
Target 4: 0.02443
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
SPY 1Hr Rising wedgeTracking a pretty substantial Rising wedge on SPY 1 Hr. Could see a 10 point pullback if this does decide to breakdown. Looking closer at the 15 min, looks like we have just broke the bottom trend line of this wedge. Stay tuned.
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from
Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the
following day to fall down on rejection from the mean VWAP band line anchored in mid-
December. On the 4H chart, another smaller and more condensed falling wedge is found
and price is moving down toward the one standard deviation line below the mean VWAP ( the
jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near
the top of the channel. Trade plan- I will short LCID here and add to the position each time
price returns to the top of the channel as monitored on a lower time frame such as 15-45
minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD
and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line
in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early
breakout, the trade is over as the downtrend is correcting again. If the price were to break
resistance of the mean VWAP zone, this would represent a break of the down supertrend and
could cause a bit of a short squeeze to get underway. If I see that, I will get into a long
position with more position size as it could become lucrative.
APPL 4Hr Head & Shoulders4Hr head and shoulders on APPL. Could see a pretty substantial breakdown Once this right shoulder completes formation. Possible $10 point gap down.
What a Rip, is time for a Dip?Looking at NVDA on the hourly. It seems to be flirting with the lower trend line of the ascending channel. Could see a 15 to 30 point pullback here in a few, if it decides to break down out of this channel.
AUBANK has broken 3.5 year old trendlineNSE:AUBANK has broken nearly 3.5 year old trendline today (in blue) and if this breakdown sustains then we should see 550 soon. Be cautious if you're long.
Bitcoin(BTC): First $43K Then $32K?Another week is here, and last week we had some massive moves on the market. (Where we dumped as low as $38,500 and then recovered from there, eventually not securing that $40K zone as of now.).
That's all natural movement from bitcoin, as we are witnessing a correction to the upper zones (near $43,500), where a lot of liquidity is currently lying.
Despite all that, we are still looking here for that $34K zone to be reached, so keep your eyes open for another potential attempt to breakdown from the 40K zone (which eventually will start the downward movement).
Swallow Team
Crypto.com(CRO): Will We Fall More? CRO has a really nice liquidity movement here, filling a bunch of FVGs, but we are seeing yet another weakness kicking in with the new daily candel!
There is good potential for further movement here, for sure!
Swallow Team
Aave(AAVE): 200 EMA Broken!!!! Now Where? Coin has broken so compliantly that 200EMA is currently re-testing this same EMA.
As long as this re-test holds its zone, we might see some further movement to the lower zones, but if the re-test fails and moves slightly to the upper zone, we might move towards our upper, smaller resistance that we displayed as "orange" zones!
Swallow Team
Ethereum(ETH): Multiple Setups (Where now?)ETH has been trading on a smaller timeframe inside the sideways path, where it bounced from support to resistance and so on. We have displayed here more of multiple setups than one correct way of movement for this coin!
As we are inside those zones, we are looking at that sideways movement, but upon breakout or breakdown (a clean one), the plan will change accordingly!
Swallow Team
Bitcoin(BTC): Looking For Breakdown Of $40KBitcoin is looking better than ever. Last week we had a nice downward movement, and the current week started with some sharp movement to lower zones towards that $40K zone.
As you all know, we have been looking at two major zones of $34K and $26K (which hold the most liquidity), which is more of a mid-term movement for us, but in the short-term we are looking for a clean breakdown of that $40K zone, which is basically the last zone to hold the price of BTC as of now.
Upon breaking this zone, we will see some deep downward movement to our major target zone!!
Swallow Team
Binance Coin(BNB): Waiting For Breakdown Of 200EMABNB coin is one of the starts of this week where we are seeing a surge to breakdown of 200EMA. As we have previously tested this zone multiple times, we are looking for a full-scale breakdown from it, which would activate a potential short position for us.
Swallow Team
BN Levels to be consideredWe have to consider different levels before taking a trade.
Not SEBI registered person. No trade recommendation.
Polygon(MATIC): Breakdown In Process!! Good To Short?This one caught our attention as well, with a full-scale breakdown happening right now in the local trend zone.
We are seeking a breakdown here to take full control of the trend where daily closes and secure that zone. It might be a really good opportunity here, for sure!
Swallow Team
Doge Coin(DOGE): Good To Sell More!Doge is here with a good possibility of downward movement.
After consistent upward movement, the price has reached its end near $0.107, which is now marked as ATH in its current state.
After that, we had a nice dump, which started the "weakness" movement, so here we are seeing further downward movement!
Swallow Team
Crypto.com(CRO): Will We Fall More?Coin has had a nice downward movement since that liquidity dump on January 3rd.
After closing the price way higher, leaving the coin with such a big wick, we see the price slowly going towards that lower zone.
We are looking for price to reach lower zones here for sure but before that, we might see one last test to upper zones (upper/lower range)
DCA is one option here, for sure!
Avalanche(AVAX): Moving Down & More DownAvax caught our attention a very long time ago, but here is a TA for late traders.
We see two possible entries here on Avalanche Coin, both of which are short positions.
Despite coin showing high demand in lower zones and weakness, we are suggesting looking for perfect entry which are near upper resistance zone or below lower liquidity line (upon breaking that one)
Bitcoin(BTC): Getting Weaker And WeakerBitcoin is still dropping and showing further weakness here, even on today's daily candle.
Yesterday we had a massive rejection, which led to a price close to $40,000 (which is the last support zone).
We see the surge in lower zones to be reached, so we are very close to seeing that good drop happen (for which we have been waiting and getting ready for some time now).
Swallow Team
Bitcoin(BTC): We Getting Ready For Another Drop!While Bitcoin has had some moody moves with a punch of quick up and down moves (on a smaller timeframe), we are seeing a nice small correction that has happened on Bitcoin, where currently we are again seeing weakness at the beginning of this day.
As we are back in our upward tunnel and yet we did not fully re-test those upper zones, we might see an early downward continuation of the movement. Eyes are open, for sure, here.
Many have been asking about the "bullish movement." As of now, we are not seeing any good reason for bullish movement to happen!
Bitcoin(BTC): Re-Test Tp $45K?Daily update on Bitcoin (Week 2 / Day 2)
The price of BTC has had a massive breakdown and rejection of major zones at FWB:48K and 45K.
The price is showing some recovery, which could push the price to the upper zone of $45K (for a small re-test).
Although this would be a small movement, we are still aiming here for further downward movement to the $34K zone, where the majority of the population is currently!
With that being said, we are also monitoring the $41,700 zone, which can be tested and broken, resulting in a continuation of downward movement without a re-test to the $45,000 zone!
Swallow Team
Doge Coin(DOGE): Breakdown After Breakdown?After an amazing liquidity movement to lower zones that DOGE coin has (which we also caught in our previous TAs), Price is getting ready for another movement to lower zones, it seems.
With market uncertainty, DOGE is struggling to maintain upper zones after that liquidation movement. We are keeping an eye on a potential breakdown here, which would also mean we will be going for lower zones here with DOGE coin!
Swallow Team
