Breakout
INJ - To new High after breakout#INJ/USDT #Analysis
Description
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+ INJ Price has hit the horizontal support while trading inside the channel.
+ I'm seeing a strong reversal from the horizontal support. This reversal could push the price higher and breakout from the channel.
+ You can enter the trade now for high risk or wait for the breakout.
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VectorAlgo Trade Details
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Entry Price: 19.29
Stop Loss: 13.05
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Target 1: 22.60
Target 2: 27.22
Target 3: 34.52
Target 4: 44.58
Target 5: 62.33
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Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
XRP - Trading Inside the channel - Pending BreakoutBINANCE:XRPUSDT (1W CHART) Technical Analysis Update
XRP is currently trading at $0.57 and price is trading inside in the channel. Price got successfully bounced back from the support line and now trading near the resistance line, A clear breakout will confirm the bullish trend of the XRP. We can enter the long trade after the confirmed breakout.
Entry level: $ 0.7040 (Candle close above the channel
Stop Loss Level: $ 0.4158
TakeProfit 1: $ 0.8563
TakeProfit 2: $ 0.9925
TakeProfit 3: $ 1.1653
TakeProfit 4: $ 1.4356
TakeProfit 5: $1.8800
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
AVAX - Daily Chart Analysis - A Short Term Opportunity#AVAX/USDT #Analysis
Description
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+ AVAX has formed a nice falling wedge pattern and also the price has hit the major support zone.
+ A clear breakout from the falling wedge is required for a confirmed bullish trend.
+ We will enter the long trend only after the confirmed breakout from the falling wedge.
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VectorAlgo Trade Details
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Entry Price: 23.86
Stop Loss: 16.86
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Target 1: 29.92
Target 2: 35.25
Target 3: 43.69
Target 4: 62.57
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
MATIC - 4H Chart Analysis - Trading Inside the channel#MATIC/USDT #Analysis
Description
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+ The price is currently trading within a channel and has successfully bounced back from the lower boundary.
+ A strong breakout from this channel could drive the price higher.
+ We can enter a long trade at the current price and place the stop-loss (SL) below the support zone.
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VectorAlgo Trade Details
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Entry Price: 0.4240
Stop Loss: 0.3851
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Target 1: 0.4491
Target 2: 0.4783
Target 3: 0.5036
Target 4: 0.5604
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Timeframe: 2H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
RARE ANALYSIS ( breakout is done )🔮 #RARE Analysis - Breakout 🚀🚀
💲💲 In daily time-frame,Falling Wedge Pattern is forming and a good breakout is done ✅
But right now we can see that #RARE retesting the levels. After that we will see a good bullish move 💯🚀
💸Current Price -- $0.0852
📈Target Price -- $0.1775
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#RARE #Cryptocurrency #Breakout #DYOR
DOGE - Testing the support after long awaited reversal#DOGE/USDT #Analysis
Description
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+ After months of consolidation in the support zone, the price finally broke out and reached the local resistance.
+ Following this, there was a significant reversal, with the price returning to the support zone.
+ I’m observing a strong reversal and bullish momentum from the support zone, and I expect a trend change soon.
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VectorAlgo Trade Details
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Entry Price: 0.10694
Stop Loss: 0.06167
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Target 1: 0.16821
Target 2: 0.23087
Target 3: 0.34588
Target 4: 0.56844
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
RON - A reversal with a leading breakout is expected to push the#RON/USDT #Analysis
Description
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+ Price has hit the support zone around 1.5 price range.
+ A strong reversal can be expected from the support zone which gives a good opportunity for a long trade.
+ Enter a long trade only after the price reversal.
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VectorAlgo Trade Details
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Entry Price: 1.6
Stop Loss: 1.14
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Target 1: 1.848
Target 2: 2.320
Target 3: 2.752
Target 4: 3.658
Target 5: 5.308
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
PEPE - MEMEs are on the rise again#PEPE/USDT #Analysis
Description
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+ MEME has hit the support zone and recently formed a higher high.
+ A successful reversal is evident from the support zone.
+ The RSI is also indicating a reversal as it bounces from the <30 zone.
+ The next resistance may pose a challenge, but strong bullish momentum could potentially break through it.
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VectorAlgo Trade Details
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Entry Price: 0.00000812
Stop Loss: 0.00000547
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Target 1: 0.00001047
Target 2: 0.00001284
Target 3: 0.00001737
Target 4: 0.00002566
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
ENA - A reversal is inevitable #ENA/USDT #Analysis
Description
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+ The price has formed a channel and is currently trading within it.
+ A clear breakout from the channel could trigger a bullish trend.
+ A minor correction is expected before the trend reverses.
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VectorAlgo Trade Details
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Entry Price: 0.35
Stop Loss: 0.27
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Target 1: 0.39
Target 2: 0.44
Target 3: 0.51
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Timeframe: 4H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TURBO/USDT: LOOKS READY FOR AN ATH!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
TURBO looks good here. It breaks out from the descending triangle and a retest is also done to, make a double bottom-like structure. Buy some here and add more up to $0.0038
Target1:- $0.0047
Target2:- $0.0061
Target3:- $0.0073
Target4:- $0.0086
SL:- $0.0034
What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
XRP/USD at a Crossroads: Major Move Imminent!Welcome to another Wolf of Block Street analysis, where we dive into the latest market trends and chart the potential paths ahead!
XRP/USD is at a pivotal juncture, with indicators pointing to a potential significant move in either direction. After years of consolidation, XRP has established strong support at key levels, suggesting that a breakout above recent resistance could trigger a major bullish move. Howewer on the bearish side, XRP is contending with resistance from a downtrend line and declining volume, which eventually could lead to the liq grab to the downside before further upside.
The coming trading sessions will be crucial in determining whether XRP breaks higher or dips lower, making this a critical moment for traders.
Fundamentally, I still believe XRP is the best crypto coin, thanks to Ripple’s extensive work in building a robust payment network and continue their work despite the SEC lawsuit. XRP is faster and more efficient than Bitcoin in every way, offering quicker transaction times and lower fees. An NFT platform is also being built on the XRP-Ledger and we can finally say that Bitcoin and XRP are the only digital assets that have achieved any regulatory clarity!
On that note, thanks for reading!
Make sure to follow me on X for weekly updates: @PuppyNakamoto
SWING IDEA - AVANTI FEEDSAvanti Feeds , a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
Multiple Tests at 600-650 Zone : The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through this level, suggesting strong bullish momentum.
Symmetrical Triangle Pattern Breakout : The stock is breaking out of a symmetrical triangle pattern, a bullish continuation pattern indicating potential upward movement.
Strong Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement.
50 and 200 EMA Support on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Break of Consolidation Zone of 5+ Years : Avanti Feeds is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
target - 770 // 900 // 975
Stoploss - weekly close below 485
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@visionary.growth.insights
XRP doubts for long positionI am trying to create a plan for XRP. As far as I know, this cryptocurrency carries a high level of risk. However, the chart appears to be very bullish to me after a prolonged period of consolidation. My strategy is to wait for it to reach one of the current fair value gaps on either the 4-hour or daily timeframe, and then make a move. XRP has already formed a swing low, so I anticipate a new swing high to be reached soon. BINANCE:XRPUSDT