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Bullish Patterns

INJ - To new High after breakout#INJ/USDT #Analysis Description --------------------------------------------------------------- + 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. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 19.29 Stop Loss: 13.05 ------------------------------ Target 1: 22.60 Target 2: 27.22 Target 3: 34.52 Target 4: 44.58 Target 5: 62.33 ------------------------------ Timeframe:1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- 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
Long
by VectorAlgo
BITCOIN: MACD bullish crossover is imminent.BINANCE:BTCUSDT (1D CHART) Technical Analysis Update - BTC is currently trading at $61,400 and is showing an overall bullish sentiment. - From a MACD perspective, a bullish crossover appears to be imminent, signaling continued bullish momentum for Bitcoin. - The MACD crossover is observed on the daily chart following the recent correction due to recession fears. A confirmed crossover could renew optimism for Bitcoin, potentially pushing the price above the $70,000 barrier. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
KDA - Price has hit the floor#KDA/USDT #Analysis Description --------------------------------------------------------------- + KDA has experienced a significant downtrend, with the price hitting rock bottom. + It's seen a 98% correction from its previous all-time high (ATH). + We're now observing a slight bounce back from the support zone, indicating a potential reversal in the trend. This presents a good opportunity to go long and capture the reversal. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.47818 Stop Loss: 0.35421 ------------------------------ Target 1: 0.64553 Target 2: 0.90276 Target 3: 1.75005 Target 4: 3.67304 Target 5: 5.56133 ------------------------------ Timeframe:1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- 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
CRYPTO:KDAUSDLong
by VectorAlgo
2
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. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
BTC - Price is still retesting#BTC/USDT #Analysis Description --------------------------------------------------------------- + It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate. + As the downtrend continues to unfold, it indicates that future retest attempts may push to even lower price levels while still maintaining their effectiveness. This pattern underscores the importance of carefully monitoring these price movements, as they could provide valuable insights into market behavior. + The key element to focus on here is the continuation of the trend. For Bitcoin to reverse this downtrend, it must demonstrate robust buy-side volume during these retests. A strong influx of buying interest at these critical junctures could signal a potential shift in market sentiment, paving the way for a possible upward momentum. --------------------------------------------------------------- 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
Long
by 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!
Long
by CoreCrypto1
Ethereum (ETH) Faces Critical Resistance After Market DownturnMarket Sentiment: Last week started with a sharp downturn across various markets, including cryptocurrencies, leading to some of the most negative sentiment for Ethereum in years. Key Challenge: Ethereum CRYPTOCAP:ETH has broken below the crucial support zone of $2,600-$2,900, which has now turned into a major technical resistance. Closing below this level could allow the bears to maintain their technical edge. Signs of Optimism: Despite the negative sentiment, last Monday's candlestick showed a strong retracement from the October 2023 lows. Ethereum briefly dipped below the downside target of $2,300-$2,400 but quickly rebounded, suggesting this area might have been a temporary bottom. Looking Ahead: For Ethereum to regain bullish momentum, it needs to reclaim and close above the $2,600-$2,900 resistance zone. Until then, the bears still hold a slight advantage, but the recent market reaction offers hope for a potential recovery. Key Levels: Resistance: $2,600 - $2,900 Support: $2,300 - $2,400 #Ethereum #ETH #Crypto #MarketAnalysis #TechnicalAnalysis #Cryptocurrency #SupportAndResistance #Bearish #Bullish #Rebound #MarketSentiment
COINBASE:ETHUSD
by Richtv_official
Coinbase Remains In The Bullish Trend, So As Crypto MarketCoinbase is making strong and impulsive rally away from the lows, which should be completed by a five-wave bullish cycle from Elliott wave perspective. We have seen some slow down for the last couple of months, but it looks like a clean wave 4 correction that can send the price higher into a 5th wave later this year. Considering a positive correlation with the cryptocurrencies, it can also help Crypto market to stay in the bullish trend.
NASDAQ:COINLong
by ew-forecast
Bitcoin - The dump before the massive pump !!!By now a lot of traders and investors are very nervous about Bitcoin's next move, and justifiably, I don't think many people saw this particular setup coming, although it is normal for Bitcoin to have such volatility. However, In the above chart, we see a particular situation which could present itself with various moves and targets. This is combined with a possible Black Swan event (meaning large scale military conflict) or even significant loss of confidence in the petro dollar, due to external influence such as BRICS and the mere fact that the USA is printing more $$$ into their way into oblivion and hyper-inflation. Why does it matter if the USD takes a hit? Unfortunately at this current point in time, Bitcoin seems to be +80% correlated with the S&P500. Thus, we are at a critical point in the market where, based on previous price action (chart history) and some issues that have affected and/or will affect the market, we now have 5x Potential targets as follows: Target #1 = Daily FVG+OB: Range between $57,736.05 to $59,535.00 Target #2 = Daily Gap: Range between $45,288.65 to $46,800.00 Target #3 = Daily Gap: Range between $44,396.50 to $45,242.12 Target #4 = Daily FVG+OB: Range between $43,399.98 to $44,331.10 Target #5 = Daily FVG+OB: Range between $40,300.24 to 41,394.34 Target #1 is where the current price is centered inside a DAILY FVG + OB. This would be the optimal reversal point, however going by my Level count, we are still in Level 2 which means an inevitable drop again to a lower price point, either within the Lower FVG+OB range between $52,088.00 to $54,476.47 or to one of the lower targets #2 through to 5. My guess is there will be another dump, either due to some financial issue or possible military action in the Middle East or Ukraine. I labelled this as Possibility #1 in the chart above. Target #2 is where price action could come down to one of the Daily Gaps and then reverse. I see this as a low probability move, especially due to the fact that Bitcoin has an irritating habit of retracing back to 98% of it's previous high. Target #3, again, could come down to one of the Daily Gaps and then reverse. Target #4, is a high probability reversal point where due to the Daily FVG + OB being where most of the liquidity would be held, seems the most logical target before a solid reversal. I have labelled this as Possibility #2. Target #5, is a high probability reversal point due to the Daily FVG+OB as well as it being at the 98% retracement point that Bitcoin seems to so often follow. I have labelled this as Possibility #3. Therefore at this point in time, due to the many issues currently under the microscope together with potential conflict escalation in the Middle East and/or Ukraine, and the level count showing a level 2, I see it highly probable that the current boxed reversal zone will be invalidated and we will achieve a much lower reversal point more than likely between Possibility #2 and Possibility #3. Note that I am still very bullish on this, even though the DAILY EMA shows BEARISH trend, it is only temporary as the WEEKLY EMA is still very much BULLISH ! I shall update when price action reveals more useful information.
Long
by Market-Pip-Factory
2
Carvana (CVNA) AnalysisCompany Overview: Carvana, a leader in the online used car market, is transforming its business model following its acquisition of ADESA's U.S. physical auction business in 2022. This acquisition has positioned Carvana as the second-largest used car company in the U.S. and is driving a shift towards a more profitable marketplace model. Key Highlights: Strategic Acquisition: The acquisition of ADESA's auction business is expected to enhance Carvana's profitability by transitioning towards a marketplace model, which offers higher margins compared to its traditional retail operations. Competitive Advantage: Carvana outperforms competitors like CarMax and AutoNation in terms of gross margin and profit per unit, bolstered by its strong online platform. Cost Efficiency: The company has successfully reduced over $1.1 billion in annual selling, general, and administrative (SG&A) expenses, demonstrating a commitment to improving operational efficiency. Financial Flexibility: Carvana secured a deal with creditors to extend loan maturities, providing the company with greater financial flexibility to navigate future challenges. Investment Outlook: Bullish Outlook: We are bullish on NYSE:CVNA above the $116.00-$118.00 range. Upside Potential: With an upside target of $230.00-$240.00, investors should consider Carvana's strategic shift, competitive advantages, and improved financial flexibility as key drivers for potential stock appreciation. 📈🚗 Carvana is driving towards profitability—consider it for a potentially lucrative investment opportunity! #CVNA #UsedCars 🚗🚀
NYSE:CVNALong
by Richtv_official