LINK above 21$ would be a sign of massive reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge. BTC needs to get above 48k before we can expect a break above 21$! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart.
Targets:
1. 24$
2. 28$
3. 32$
4. 36$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Bullrun
Welspun- A good buying opportunityWelspun India is about to boom!!
- The MACD line is above the Signal line
- RSI is about to cross 60
- Supertread is in green
- 5 DMA is cutting 26 DMA
Most Indictors are showing good strength
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**Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise**
Bitcoin: Comparing 2019-2020 correction with 2021-2022 - updateIn february i wrote an idea called "Comparing 2019 mid cycle correction with 2020-2021 on 3D chart"
As an update i marked with green vertical line place where i think Bitcoin price is.
As we can see on the chart this structure still in play. This takes time and we should be patient.
New entry levels for SHIBA Inu Here's a quick Look at SHIB daily chart . As we can see, the price has been forming a bigger symmetrical triangle. The price is close to a bigger break to the upside. We need BTC to get above 48k to gain some bullish momentum - SHIB probably won't break to the upside if BTC doesnt get above 48k .
The best entry would be, when the price breaks above 0.00003$ with good amount of volume . Definitely one to keep an eye on.
The market is shifting, and big gains could be coming our way!
-------------------------------------------
The idea is: Buy when the price breaks above 0.00003$ and take profits at the levels shown in the chart.
Targets:
1. 0.000032$
2. 0.000035$
3. 0.00004$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Quick look at the bull market support band for BTCHere's a quick look at the weekly BTC chart with the bull market support band on.
The bull market support band (b.m.s. band) has in pervious years been a very good indicator in terms of indicating a shift in the market.
When the price gets below the band, the price tends to get into a bear phase. And when the price breaks above and holds above the band, the price tends to start a new bullish trend.
Currently the price has broken above the bull market support band. The price went up to 48k and came back down and retested the B.M.S. band. The price needs to stay above the band and break above 48.3k to gain more bullish momentum.
Last time the price went above the band, it came back down to retest it. After the retest, the price went from 39k to 69k!
If the price stays above the bull market support band and breaks the 48.3k level, we could then very likely see a move to New ATH! Almost every single time the price has stayed above the band, the price has made massive bullish moves! We may see one soon!
-------------------------------------------
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BTC needs to get above 48k, before XRP can break out!Here's a quick Look at XRP daily chart. As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The price is very close to a bigger break to the upside. We need BTC to get above 48k to gain some bullish momentum - XRP probably won't break to the upside if BTC doesnt get above 48k.
The best entry would be, when the price breaks above 0.922$ with good amount of volume . Definitely one to keep an eye on.
The market is shifting, and big gains could be coming our way!
-------------------------------------------
The idea is: Buy when the price breaks above 0.922$ and take profits at the levels shown in the chart.
Targets:
1. 1$
2. 1.19$
3. 1.34$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Dow Jones: Spring Feelings 🌿After finishing wave in turquoise, the Dow Jones was moving back down to complete the low of wave in our turquoise box between 34643 and 33930 points. In the upper half of this zone, the index already turned back up and is currently ranging between the turquoise box and the next resistance level at 35281 points. There is a possibility that the Dow will dip into the turquoise box once again to reach its ideal target for the turquoise wave in the middle of the zone. Regardless whether this wave has already ended, or the index returns into the turquoise box, either way afterwards we expect the course to continue the overarching upward movement. The first stop on the way to new all-time highs is the resistance at 35281 points that needs to be cleared.
Don't overlook Chromia! Here's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart.
Targets:
1. 0.75$
2. 0.86$
3. 0.97$
4. 1.24$
5. 1.5$
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Soon there will be a reversal!Here's a quick look at the LINK Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge and a break to upside could be around the corner! The best entry would be when the price breaks above 21$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 21$ and take profits at the levels shown in the chart.
Targets:
1. 24$
2. 28$
3. 32$
4. 36$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
SOL loading up for a bigger move! Here's a quick look at the SOL Daily chart . As we can see, the price has been oscilating withing a bigger falling wedge and a break to upside could be around the corner! The best entry would be when the price breaks above 145$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 145$ and take profits at the levels shown in the chart.
Targets:
1. 153$
2. 167$
3. 189$
4. 218$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Keep an eye on ADA - we may see a breakout soon!Here's a quick look at the ADA Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the immidiate breakout from the falling wedge , then the best entry would be when the price breaks above 1.252$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 1.252$ and take profits at the levels shown in the chart.
Targets:
1. 1.47$
2. 1.7$
3. 2$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
Quick Look at CHRHere's a quick look at the CHR Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the breakout from the previous setup , then the best entry now would be when the price breaks above 0.682$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 0.682$ and take profits at the levels shown in the chart.
Targets:
1. 0.75$
2. 0.86$
3. 0.97$
4. 1.24$
5. 1.5$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
🆘ALERT🆘 The most important moment for XRP 🚀 BREAKOUT 🚀Hello everyone,
"Breaking the extended annual flag. This is an important moment that you must watch!"
An upward wedge is a positive sign and foreshadows growth.
After breaking through the top, there will be a violent bullrun even on the new ATH.
Possible slow move down the line to the price of $ 0.79, where there will be a bullish upward.
The worst-case scenario is a rebound in the middle of the pattern and a decline to test the $ 0.56 support
Institutions and banks recognize the potential of the ripper and start investing in it.
We are getting closer to ISO 20022 and as we know xrp is one of the key cryptocurrencies,
which are mentioned in the project. I am very bullish on exactly this project and
he is my favorite for this year.
Comment and like,
Greetings
Is XRP loading up for a big move? Wait for the breakout!Here's a quick Look at XRP daily chart . As we can see, the price has been forming a bigger descending triangle and a break to the upside could be around the corner! The price is very close to a bigger break to the upside. The best entry would be, when the price breaks above 0.922$ with good amount of volume . Definitely one to keep an eye on.
The market is shifting, and big gains could be coming our way!
-------------------------------------------
The idea is: Buy when the price breaks above 0.922$ and take profits at the levels shown in the chart.
Targets:
1. 1$
2. 1.19$
3. 1.34$
-------------------------------------------
What are triangles when it comes to trading?
Key points:
"1. In technical analysis , a triangle is a continuation pattern on a chart that forms a triangle-like shape.
2. Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
3. There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
BEAM/BTC setting up for a huge bullrun with 50x potent this yearBEAM is a very awesome privacy coin which currently has a marketcap of just over $40m which is tiny. It has been dumping ever since getting listed, but it has been slowly forming a bottom around the 700 sats level and it looks totally bottomed out now. There is a chance of one last leg down to ~500 - 600 sats before the bullrun starts, but I doubt it. When it finally reverses out of this downtrend, it's going to get crazy. 20,000 sats should be easy to reach then, and personally I'm targeting 40,000 sats. That will probably not happen this year, but it is certainly possible within the next 18 months or so.
is #bitcoin still in the bull trend ?hi there guys 👋
it seems #btc price form a pullback but its never clear how far the pullback can goes and that's that makes the liquid market's so interested.
we might have another bear push down but the long term concept still bullish and that's why I draw 2 possibilities for you guys in my opinion 1 idea is more possible than the other, please feel free to comment below and tell me your opinion.
cheers 🥂.
Keep an eye on ADA - we could see a breakout soon!Here's a quick look at the ADA Daily chart . As we can see, the price has broken out from its bigger downtrend and a bigger reversal could be upon us. If you didnt catch the immidiate breakout from the falling wedge , then the best entry would be when the price breaks above 1.252$ with good amount of volume . Definitely one to keep an eye on!
-------------------------------------------
The idea is: Buy when the price breaks above 1.252$ and take profits at the levels shown in the chart.
Targets:
1. 1.47$
2. 1.7$
3. 2$
-------------------------------------------
What Is a Wedge in the context of trading?:
"A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect the respective highs and lows of a price series over the course of 10 to 50 periods. The lines show that the highs and the lows are either rising or falling and differing rates, giving the appearance of a wedge as the lines approach a convergence. Wedge-shaped trend lines are considered useful indicators of a potential reversal in price action by technical analysts.
Key Takeaways for Falling wedges:
1. Wedge patterns are usually characterized by converging trend lines over 10 to 50 trading periods.
2. The patterns may be considered rising or falling wedges depending on their direction.
3. These patterns have an unusually good track record for forecasting price reversals."
-------------------------------------------
If you like the content, then make sure to comment and like the post :D
Follow me for daily profitable trading setups
BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!
ChainLink targeting $ 253As you can see wave 3 is less than 162% of wave 1. That means that wave 5 overextends itself, which leads to a target of at least 62%. This measurement refers to the starting point of wave 0 to the ending point of wave 3 and is the minimum target for a wave 5 extension.
This is no financial advice.
XRP price in late 2027Using the ascending channel that XRP has been respecting on resistance and support and also taking into consideration the Expanding Cycle Theory where each Bitcoin peak gets a little further out with time, maybe this could be a likely scenario for the XRP price. We are speculating of course and this may never happen or we could be wrong and XRP goes higher once Bitcoin goes over $1 million in price. I am also looking at the Bitcoin halving which happens in 2024 and giving this chart another two years post halving mark. I know that the Bitcoin halving may no longer play an effect as in previous halvings but if we do the same as this cycle why not for the next. If by any chance we respect top of this channel before end of 2022 we could be looking at a price over $300 and by end of 2027 the top of this channel is at a whopping $22k. I know, an impossible mountain to climb but mountain peaks are made to be conquered.
I know, call me crazy!