ADBE near Confluence Support - 33% ROI PossibleNASDAQ:ADBE is currently nearing a confluence support (an area where multiple support elements are combined) at around $410-$420. Nevertheless, opening a first position right now is already an option given the attractive valuation and the horizontal support (blue zone). In addition there are two big daily gaps (red zones) above the current price giving us some potential pulling factor towards $580. The trendline you can see is very weak and has only two real re-tests in October 2022. So, take that with a grain of salt and try to concentrate more on the horizontal support and the $410-$420 area (61.8 fib).
Looking at fundamentals (I know most of you are not really interested in such things, but they do help with swing trades) we can see a price-to-sales ratio of 9.xx suggesting upside of 50% when comparing it to the long-term average of 14.xx. ARR increased 23% YoY to $3.48B. In terms of AI, firefly generated more than 16 billion assets so far, and FY24 revenue increased by a little more than 11% to $21.51B. Current PE ratio is just short of 22.
So, adding here and more towards that $410 will give us a huge potential ROI over the next couple of months.
Support Zones
$440
$410-420
Targe Zones
$540
$580-600
Bullishpattern
Dot Target why 20$ KUCOIN:DOTUSDT BINANCE:DOTUSDT BINANCE:DOTUSDT.P CRYPTOCAP:DOT
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### **1. Fibonacci Retracement Analysis**
- **Levels Observed**:
- **0% (High)**: **55.081** (all-time high or recent significant high).
- **0.236**: **42.594**.
- **0.5**: **28.625** (midpoint of retracement).
- **0.618**: **22.381**.
- **0.65**: **20.688** (golden pocket).
- **0.786**: **13.491**.
- **1.0 (Low)**: **2.168** (all-time low or recent significant low).
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### **2. Current Price**
- The price is currently around **7.790**, significantly lower than the golden pocket (0.618–0.65) and closer to the lower Fibonacci levels.
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### **3. Take-Profit Level at $20**
- **Why $20?**
- **Golden Pocket Zone**: The **0.618–0.65 Fibonacci zone** is considered a high-probability reversal area. Many traders set their take-profit just below this zone to ensure profit capture before significant resistance is encountered.
- **Psychological Level**: The $20 price point serves as a psychological resistance, where many traders might exit, amplifying sell pressure.
- **Confluence with Historical Data**: Previous price action near this level likely showed significant resistance/support, aligning with Fibonacci levels.
---
### **4. Resistance and Support Zones**
- **Major Resistance Levels**:
- **22.381–20.688**: The golden pocket and primary target zone.
- **28.625**: Midpoint retracement, another key resistance level.
- **Support Levels**:
- **13.491**: **0.786 Fibonacci level**, which may act as a strong base for further upward momentum.
- **2.168**: All-time low or significant recent low.
---
### **5. Potential Price Scenarios**
- **Bullish Case**:
- If the price breaks through **13.491**, it could rally toward the golden pocket zone near **20.688–22.381**.
- A breakout beyond **22.381** could extend the rally toward **28.625** or even higher.
- **Bearish Case**:
- If the price fails to hold **13.491**, it may revisit lower levels, potentially near the all-time low of **2.168**.
---
### **6. Strategy and Recommendations**
- **Entry Point**:
- Current prices near **7.790** are ideal if the upward trend continues.
- **Take-Profit**:
- The take-profit at **$20** is conservative and aligns with the golden pocket zone.
- **Stop-Loss**:
- Set below **13.491** to minimize losses if the trend reverses.
---
### **7. Market Psychology**
- Many traders use Fibonacci retracement levels to define take-profits. The golden pocket is a popular area where selling pressure increases, causing potential reversals.
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart with a breakout 🧐
Pattern signals potential bullish movement incoming after a consolidation
👀Current Price: $5.366
🚀 Target Price: $6.390
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
Raymond 1 d chart signalling price action Raymond is looking in the uptrend after making a low near 1326. It is reversing from there on daily chart .
Ascending triangle pattern is forming and is about to complete the same .
Volume is Supporting in this uptrend .
RSI momentum is showing intact with higher high with Price in conjunction. Both are in same tandem . Signaling bullish momentum.
If price closed above 1829 on daily chart further bullish Moment can be expected .
If price closed below 1428 on daily chart further bearish Moment can be expected .
PHB ANALYSIS🔮 #PHB Analysis
💲💲 #PHB is trading in a Symmetrical Triangle Pattern. If the price of #PHB breaks and sustain the higher price then will see a pump. Also there is an instant strong support zone. We may see a retest towards the support zone first and then a reversal📈
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#PHB #Cryptocurrency #Support #Resistance #DYOR
BUY ALPHAUSDT - BULLISH SIGNAL, HIGH REWARD 100%+ GAINOverview:
We are excited to share a high-probability trading signal for BINANCE:ALPHAUSDT ALPHA/USDT , backed by strong technical indicators and market analysis.
Chart Analysis:
The chart for ALPHA/USDT indicates a compelling opportunity with a probability of success estimated at up to 80%. Technical indicators align with a positive trend, providing a solid foundation for potential price appreciation.
Reasons to Consider:
Bullish Momentum: ALPHA/USDT is exhibiting clear signs of bullish momentum, with key indicators pointing towards a sustained upward movement.
Historical Support: Historical price action shows a strong support level at , reinforcing the likelihood of a positive price trend.
Market Sentiment: Current market sentiment supports the potential for a significant price increase, with an estimated 80% probability of success.
Stop-Loss: To manage risk, consider placing a stop-loss at .
Disclaimer:
While the probability of success is estimated at 80%, trading always involves risk. Conduct thorough research and consider market conditions before making any investment decisions. This analysis is based on technical indicators and historical data, and market dynamics may change. Implement proper risk management strategies to safeguard your capital.
Conclusion:
The ALPHA/USDT signal presents a high-probability opportunity for traders, with strong technical support and positive market sentiment. Stay vigilant, monitor price movements, and adapt your strategy as needed. Happy trading!
Adjust the details and levels based on your specific analysis and market conditions. Always keep your trading signals updated as new information becomes available.
BNB SWING LONGSwing Long BNB Opened:
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The 2021 all-time high is the most critical level for me to watch. Historically, this level has acted as a strong support and resistance zone. Additionally, the price recently tapped the first 4H order block, showing a solid reaction from a 4H perspective.
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My trade strategy is grounded in sentiment (ATR) and general average price. Currently, all indicators have flipped green, even though the price hasn’t yet broken the previous internal swing high (1D perspective).
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Key Levels:
2021 All-Time High, as strong support especially with the current 4H reaction from it
Current ATH, This level will be my 75% TP, since its bove 3R (which is my minimum required R per trade, also This level holds liquidity and offers potential for price discovery above, where i will take the 25% (1.2 dev)
Last Internal daily Swing High, Breaking this level could create upward momentum tp reach the minimum target of the ATH.
The daily ATR sentiment confirms a bullish bias with a green signal,. (Main criteria for system)
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Trade Details:
Stop-Loss: Below the lowest wick from the 4H OB test. This area also aligns with the 4H 24/42 EMA, meeting my SL criteria.
Targets, 75% of the position will be exited at the current ATH. The remaining 25% will aim for the 20% deviation zone above the all time high, ($829.23 on Phemex linear charts).
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This trade offers a potential R of 4.2, with a maximum of 5.1R in total on average.
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Comparative Analysis:
Looking at the weekly BNB chart versus the daily BTC chart, I noticed similarities in structural behavior. While the timeframes differ, the fractal nature of the market validates this comparison.
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Both charts show clear break-of-structure patterns with higher-low formations. On the BTC weekly chart, three BOS moves have occurred since the last low, mirroring 2 break of structures on the BNB chart. BNB is approaching its ATH without significant rejections, which I interpret as a sign of strength.
Fantom at a CRITICAL LEVEL!!! Make it or Break itUPCOM:FTM
5-10x potential to previous all time high.
Beautiful price action on higher timeframe. Since the bottom in 2022, price has made 3 higher highs signaling bulls are back.
Price is currently at a critical level.
On the 2 week chart we have broken above the 50 RSI and we are now retesting the 50 (ideal entry). Price has currently retraced to the 0.618 fibonacci retrace of the latest impulse.
Monthly timeframe’s also at an ideal entry. After making a new higher high and closing November with a huge bullish expansive and engulfing candle, price is currently trading at previous month lows.
Will it hold?
Solana Trying To Reclaim BullishnessThere's an ascending triangle under construction on the 4h of SOLUSDT.
Breakout confirmation to the upside would be a 4h close above 201, with a conservative target around 221 and a more aggressive one suggesting a retest around the 227 high.
A 4h close below 186 would invalidate the pattern.
FET ANALYSIS🔮 #FET Analysis - Both Side Scenario 🚀🚀
💲💲 #FET is trading in a Symmetrical Triangle Pattern. If the price of #FET breaks and sustain the higher price then will see a pump otherwise it will retest the support zone first and then a reversal can come in #FET📈
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#FET #Cryptocurrency #Support #Resistance #DYOR
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart 🧐
Pattern signals potential bullish movement incoming after a breakout.
👀Current Price: $4.845
🚀 Target Price: $5.333
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
BTC ANALYSIS🔮 #BTC Analysis 🚀🚀
💲💲 #BTC is trading in a Ascending Broadening Wedge Pattern. And we can expect a pullback towards its support area and then a pullbacks from support zone.
💸Current Price -- $93,780
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #DYOR
QNT Breaks Out! Is a 64% Rally on the Horizon?QNT/USDT has broken out of a descending triangle, signaling a potential bullish move. If the breakout holds, the price could target a 64% upside, as projected by the measured move.
Watch for a retest of the breakout level and triangle support for confirmation.
Apple Stock W-Pattern: Another Bullish Entry on the HorizonOver the past few weeks, we’ve repeatedly seen the same W pattern forming in Apple’s stock. I believe the stock is still in an uptrend, and the next good entry point could be during the downswing of the second leg. I’m planning to open a long position.
Whether I’ll close this position at around $260 as a day trade or decide to hold it longer is something I’ll let you know soon. What’s your take on this? Let me know!
Stay tuned, and I’ll catch you in the next one — peace!
ACH ANALYSIS📊 #ACH Analysis
✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending. We would see a good price moment in few weeks if breakout sustains here 🧐
👀Current Price: $0.02740
🚀 Target Price: $0.03150
⚡️What to do ?
👀Keep an eye on #ACH price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ACH #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
$Others setting the Scene for 100% + MoveA few reason for continuation for the next move up.
Bull Flag on CRYPTOCAP:OTHERS
Momentum indicators, MACD and RSI have reset and ready for another leg higher
CRYPTOCAP:BTC.D Backtested highs and ready for drop
Fear and Greed Index reset, from extreme Greed to Neutral
This is looking great for Tier 1 Alts, Alt L1 and L2 Ecosystems
Most bullish on:
BINANCE:JASMYUSDT
BINANCE:CRVUSDT
BINANCE:FETUSDT
BINANCE:TAOUSDT
BINANCE:FTMUSDT
BINANCE:EGLDUSDT
$BINANCE:XRDUSDT
BINANCE:INJUSDT
BINANCE:ARBUSDT
BINANCE:ENJUSDT
FTMUSDT - All eyes on Sonic!Weekly chart displays A very strong support level where the price is expected to rebound significantly, located at the 0.75 area
This zone converges several weekly supports, including the 50 EMA, the 0.5 Fibonacci level, and the upper side of the symmetrical triangle pattern.
accumulation is suitable now and up to the 0.7 level.
On January 13, 2025, the token will automatically be rebranded to (S) , meaning Sonic .
This represents an upgrade to the FTM token, similar to what happened with RNDR transitioning to Render .
This is a significant update to FTM’s infrastructure to align with leading projects in the space.
And as a token supported by Dubai, you can be confident in its bright future.
Buy between: 0.8 - 0.7
Targets: 1 - 1.6 - 3.5 - 7.5 - 21
Best regards Ceciliones 🎯
Let's talk about CME📈In most cases, BTC is likely to move upward and fill the green CME gap section. This could lead to significant movements in altcoins, potentially triggering the next phase of the bull run and the start of an alt season.
📉However, in the worst-case scenario, if BTC breaks the critical $90K support zone, we could expect a continuous downturn, possibly filling the red CME gap. If this second scenario unfolds, altcoins are likely to experience substantial losses, and the first stage of the alt season may be missed.
📌In the first scenario, if the alt season starts BTC will continuously try to breaks the $90K super support zone. Setting stop losses becomes very important at this stage.
POND/USDT: Small Waves , Big Ripples, Targeting 20%,60%,100%+To examine POND/USDT for both immediate and long-term prospects:
Key Findings from the Chart: Signal for Trend Reversal:
A possible upward advance is indicated by the most recent green "Buy" indicator.
Because the price is above short-term EMAs, bullish momentum is supported.
Encouragement and Opposition:
Support: The yellow line, or 0.01730, is a strong support.
0.01671 is secondary support.
Resistance: 0.0260 is the immediate resistance.
notable resistance at historical values of 0.03019 and 0.03490.
Momentum & MACD:
Bullish momentum is shown by the increasing green bars on the MACD histogram.
MACD line crossovers are conducive to continuation.
Objectives:
Short-Term Objective:
20 percent first TP: 0.0275.
Entry between current levels of 0.0225 and 0.0230.
Stop Loss (SL): Below the current support level of 0.0170.
Mid-Term Goal:
60 percent second TP: 0.0340.
Long-Term Goal:
100 percent third TP: 0.0420.
In the long run, we can expect significant gains of 150%–200% if the price breaks over 0.0420.
Approach:
Short-term traders should tighten their stop loss at 0.0200 and buy close to 0.0225 with a goal of 0.0275.
Mid-Term Investors: Build up on declines around 0.0173-0.0180 in order to reach 0.034.
Long-Term Holders: For higher returns, wait for a possible breakout over 0.0420.
Risks: Bearish emotion could resurface and render the setup useless if the price drops below 0.0167.
POND/USDT: Small Waves , Big Ripples, Targeting 20%,60%,100%+To examine POND/USDT for both immediate and long-term prospects:
Key Findings from the Chart: Signal for Trend Reversal:
A possible upward advance is indicated by the most recent green "Buy" indicator.
Because the price is above short-term EMAs, bullish momentum is supported.
Encouragement and Opposition:
Support: The yellow line, or 0.01730, is a strong support.
0.01671 is secondary support.
Resistance: 0.0260 is the immediate resistance.
notable resistance at historical values of 0.03019 and 0.03490.
Momentum & MACD:
Bullish momentum is shown by the increasing green bars on the MACD histogram.
MACD line crossovers are conducive to continuation.
Objectives:
Short-Term Objective:
20 percent first TP: 0.0275.
Entry between current levels of 0.0225 and 0.0230.
Stop Loss (SL): Below the current support level of 0.0170.
Mid-Term Goal:
60 percent second TP: 0.0340.
Long-Term Goal:
100 percent third TP: 0.0420.
In the long run, we can expect significant gains of 150%–200% if the price breaks over 0.0420.
Approach:
Short-term traders should tighten their stop loss at 0.0200 and buy close to 0.0225 with a goal of 0.0275.
Mid-Term Investors: Build up on declines around 0.0173-0.0180 in order to reach 0.034.
Long-Term Holders: For higher returns, wait for a possible breakout over 0.0420.
Risks: Bearish emotion could resurface and render the setup useless if the price drops below 0.0167.