ADA Next TargetsThe context tells us that the bull market is just beginning, with a clear bullish coin this week: ADA, breaking resistance at 0.36. Now, the price has encountered rejection at 0.45. We need to find buying opportunities at 0.41 to continue; otherwise, we might see the price testing 0.36, close to the 0.618 Fibonacci level.
Bulltrend
Ethereum is starting to recover ! check the structure pathEthereum is showing a lot of strength and recovery. Always trust and follow your plan !
On the daily timeframe we can see that it is following the path of the pullback we have marked on the chart. So far we are predicting very well, and it seems that the markets in general want to start changing direction.
Cheers and thank you for following my analysis.
my best regards
TON's Bullish Prelude📈💪There's a new player on the market, and it's making waves with its bullish demeanor. TON, the fresh-faced token, is displaying early signs of strength, trading within an ascending triangle that hints at an imminent breakout, poised to reach $5. Let's delve into what makes TON a compelling entry into the crypto scene. 📈💪
TON's Bullish Prelude:
TON has entered the market with a burst of bullish energy, capturing the attention of traders and investors alike. Its current trajectory within an ascending triangle pattern signals a promising start for this new entrant.
Technical Strength:
Ascending Triangle Formation: The ascending triangle is a bullish continuation pattern, showcasing TON's underlying strength. This pattern suggests a potential breakout to the upside, and $5 emerges as a notable target.
Early Market Dynamics: TON's early trading patterns are indicative of a positive market sentiment, attracting interest and investment.
The $5 Breakout Anticipation:
As TON consolidates within the ascending triangle, the stage is set for a breakout, and the $5 level stands as a key target. The breakout could signify a validation of TON's bullish potential and may spark further interest in the crypto community.
Trading Strategy:
Confirmation Entry: Wait for a confirmed breakout above the upper trendline of the ascending triangle before considering an entry.
Volume Analysis: Monitor trading volume during the breakout to gauge the strength of the move. Increased volume can validate the breakout.
Risk Management: Implement sound risk management strategies to protect your capital in case of unexpected market moves.
Conclusion:
TON's bullish entry into the market, coupled with the ascending triangle formation, paints an optimistic picture. As the crypto community watches for the anticipated breakout towards $5, strategic traders may find opportunities aligned with the emerging trend.
May your trades be fruitful, and your journey with TON be filled with bullish strides.
Happy trading,
🌐
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
RVN IS THE BUILDING COINRVN is the coin of the moment with building trend on day frame, this can go further on the swing trend and long term.
RVN has a building trend and can show an interesting break in the coming time frames
And same time it's the coin of the moment.
We follow always what the trend shows depending on the tools and trends we use.
RVN can shows more in the coming time.
Shopify Macro Pattern Bullish Until Proven OtherwiseHi Guys! This is a Macro Technical Analysis on Shopify (SHOP) on the 1 Week Timeframe.
Its to add to my previous analysis while keeping it brief and concise.
Recently we Broke through and confirmed BELOW both the Uptrend Channel and the 21 EMA.
Normally this spells TROUBLE, especially if we confirm BELOW 21 EMA, as this moving average normally holds SUPPORT through BULLTRENDS.
Even more so that the MACD has crossed BEARISH as well.
However digging deeper, its seen that the channel and 21 EMA break was followed by DECLINING VOLUME.
Normally, for Trend Reversals and for the direction of a trend to actually go that way you need a spike in VOLUME.
(Watch VOLUME in the coming weeks. Can give us hints to what will come next.)
Comparing our current move to previous moves, look to "Similar Pattern". It may be probable that we just move side ways before continuing our UPTREND.
Notice how to the T, our current move follows the previous example. The 21 EMA is also flattening out, indicating this sideways movement.
Another likely scenario, if volume picks up can be a test of the 50 SMA (Green moving average).
BUT provided this Weeks candle closes ABOVE we are testing support. So if we can stay ABOVE this, 50 SMA is less Probable. So pay attention to this weeks candle close and for CONFIRMATION.
Also NOTE we have had a BULLISH CROSS of the 21 EMA above the 50 SMA.
Along with how previous history BUllish move played out.
This makes me think we are in the Early phases of a BULL run in Shopify.
This is NOT a DEFINITE, Sure thing but we may be mirroring the "Similar Pattern".
But always remember that things that happened before does not have to happen again.
I think other than Volume, another MAJOR thing to watch is the MACD.
Particularly, the main focus should be staying ABOVE the 0 level.
Going BELOW 0 level, may indicate further price DECLINES.
So watch how the Histogram bars shape up, we want smaller RED bars that change to a lighter RED color. Eventually would like to see GREEN bars in the coming weeks. That would give confidence that BULLISH momentum is coming back to Shopify.
Take a look at how the MACD shaped up during the "Similar Pattern". If we stay ABOVE 0 level, all is good.
Keep that in the back of the mind as you follow the MACD.
RSI also gives some clues. The area between the RED & BLACK Horizontal lines, coincides with being BELOW 21 EMA.
If we are below the RED line, normally its a good area to add to your position during a BULL run.
The warning sign is if the RSI drops towards and BELOW the BLACK line, that would lead to further PRICE Declines.
Using both the MACD and RSI in combination will help remove false signals. If you see that the histograms are turning light red, to light green and the RSI curved back up towards and ideally above RED line. This would likely push Price back ABOVE 21 EMA, and continue our BULL Run.
I think this week, its important to stay ABOVE the SUPPORT line. Staying above may bring in more confidence.
__________________________________________________________________________________
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
Stay tuned for more updates on SHOP in the near future.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
WHALES WILL GIVE BTC UNEXPECTED $32.8K BREAKOUTAfter the previous update where BTC did start from 25K and successfully reached the projected target of 31K as shown in the following link:
The same update we did share it before with breakout expecting from 25K to 31K.
Considering the technical view and the pattern structure, it is highly likely that BTC may experience an unexpected breakout to $32.8K, which is a significant level.
At this moment, based on our market view, there is no reason to expect a confirmed breakdown.
Our strategy is to monitor volume and structural increases, paying close attention to important volumes that influence market breakouts and breakdown trends.
In trading, it is important to understand that not every breakdown or increase is a confirmed one. It is a game influenced by whale activity, following the appropriate cycle based on technical analysis and market trends.
we expect with this update that there is a high chance BTC is going to enter a new whale increase that will bring the trend to 32.8 level, at the same time a very important level for the coming trend.
Most of the time whales want to get the right LIQ volume to enter with a breakout.
check the history of BTC and you will find many levels of this.
Please note that this information is not trading advice, and it is always recommended to conduct your own research.
SPY Long Term Trending Up LONGOn the weekly chart, SPY has formed an inverted head and shoulders in the past
9 months Importantly price has now passed above the POC lines of the long term
and intermediate term volume profiles. The inverted head and shoulders pattern
is classical for a bullish bias for price action. Price has been cconsolidated about
the central VWAP of the anchored VWAP bands locked onto the covid lows.
SPY should now make an attempt to rise toward the 2022 high of 480.
The RSI indicator confirms the long term trend with increasing strength.
In consideration of this I will take a call option trade of the strike of
$415 to HKEX:425 with 90-120 DTE. Overall, the SPY weekly chart, suggests
a general market recovery is increasingly probable. Those keeping their powder
dry and staying ready with cash will be rewarded once the market slows down for
the summer and gets more active in the fall months/
Bitcoin new bull-trend is just begins!!#BTC Weekly Chart
Falling Wedge Breakout and Retested are done 👍✅
BTC is above the Both MA's( 21MA & 50MA) after 9- months and RSI at 65 is also giving us some momentum from here.
Now Bulls need to break the 31k level for confirmation the new bull-run!!
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EUR/USD Bulls Gearing Up?The MACD has shown trend continuation divergence (A.K.A "Hidden Divergence"). After the price action found footing at that pivotal zone (1.0550 - 1.0600), the Bulls appear to be gaining some strength.
We have a strong gap to fill around 1.0640 but we'll have to see what happens during CPI numbers tomorrow morning.
Based off of the longer term time frames, EUR/USD could see a run towards 1.1100+ as long as we do not trade back below 1.06000.
If EUR/USD is pushed back down below 1.0600, the trade idea is invalidated.
Positive Closing: Executed trade generated profitXiaomi stock Recently has started a bull trend that brings the stock price, to rise from its minimum of 8.42 to 18.10 bringing a rise of 59.49%. I got my signal and entered just in time to take some profit. Now the price overpass my level of attention between 12.30 and 12.74.
the last bull impulse brings the moving average of 50 periods close to the moving average of 200 periods, and probably we will see a possible golden cross, let's see it In the coming weeks. My new next level is above 14.22.
Probably the reopening of China and the end of the political covid-zero is given a boost to the economy and so the possible start of a bull run, we need to be careful and be aware of any possible change of direction, so having a portfolio diversified, and doing diligence in our work, will help us to protect our portfolio. This trade you can see it on my profile in eToro.
GOING LONG IN USDCADI am taking a long position in USDCAD as we saw it recently form a cup and handle pattern which is a continuation pattern. As we saw previously there is a bullish trend before the cup and handle pattern so we expect it to continue after the formation of the pattern. As we have seen how beautifully it is going up the same length from the middle of the cup after the formation of the pattern
As we draw Fibonacci support it is taking support of 0.63 which is a golden ratio of retracement
If we see Dial Indicator which is telling us there is a huge sale at the moment so we need to purchase the fear & sell the greed
Let's see what happens next
BTC : 20400 THE GOLDEN BREAKOUT : MFN N33204BTC seems to make ready for the real breakout.
20400 is the golden breakout depending on this expecting.
Expecting on more reasons that this level will get confirmed for new uptrend that can go to 24K
we will see when BTC hit 20400 how important this level will be for the golden breakout.
On side of alts BLZ can show a breakout view
🏆 TSLA: CAN WE SEE $917 BY END OF WEEKTelsa is currently in an upward trend based on our "linear regression" indicator. We have just recently tested our middle deviation level at $850 and making a move higher. The white line on our bottom dashboard representing "money momentum" is starting to head back up making higher lows. Historically in the past when we have our money momentum down in this green "buying section" or "accumulation stage" this suggested a good opportunity to enter a long position. The green and red dots on our dashboard represent key EMA crossovers. Once we get a "green dot" in conjunction with our white "money movement" line heading in an upward direction, we could then see the price of Tesla stock increase in value possibly retesting the $917 level.
Please trade responsibly and follow 🔔 for more technical analysis each week!
OIL in an unbeatable bull.Since mid 2020, when oil bottomed, oil started a massive bull trend, fuelled mostly by geo-politic reasons and supply, there is no sight for where it can move to. In fact we think oil could well exceed $200-$300 if the European conflicts are expanded.
At this stage, only oil is steadily moving higher in the financials, followed by the housing that is somehow holding value against inflation in most of the West for now.
Everything else will decline, we are in a tipping moment for the World's economy and our financial systems.
Bitcoin 2022 "BEARISH" SCENARIO | Complete analysisMy previous analysis was bullish update, where I posted my view that is most likely about to play out. BUT there is one CRUCIAL part and that is January close. If we cant make january close above 43,8k, 2022 will be mostly very boring year - that could be quite good for swing traders, but not so much for hodlers and moonboys, cos we will be ranging between 35k (max 32k) to 60k USD. The mid of this range is about 46k - open price of this year and PoC of previous move. In ranging context, this will continue to be the important level for HTF bounces.
I think the chart is pretty self-explanatory:
1. Slow accumulation around 35k (must-long area)
2. Then rise towards 46k and later 60k (again - must short area)
3. Slow decline towards 46k a nd maybe lower (probably 2023)
As I described, this would be VERY BORING year if january closed below 43,8k. Anyways, the main thing is to have a plan in place and follow it. I have a bullish and bearsih based only on Jan. close.
Hope this helps
Stay safe
Andy
Bitcoin 2022 BULLISH SCENARIO | Complete analysisComing into 2022, the sentiment is extremely bearish and of course - it can stay like that for a very long time. The problem is, context doesn't show BTC should be slowing down, so it seems probable BTC reaches extremes of its trend right now. I am also posting bearish scenario separately, but I do think this one is the likeliest outcome of all.
What is crucial for bullish plan to be triggered - is January close above 43,8k. WIthout that, I will switch towards bearish scenario (which is mostly ranging during next 12 months).
IF we handle to close Jan. above 43k, there will be a very quick expansion with an ultimate target of 58-61k - that is utested resistance and will be sooner or later filled anyways. Afterwards, I do not think the expansion could go any further than that in a straight line. So for traders, short 60k is a must - and for holders it will be important ho hedge.
BTC should range for several months afterwars - a lot of people will call for bear market again and we could even reach towards 43,8k again (yeah, very important level). This will be very hard period to handle - but not with shorts from 60k ofc . Just don't get trapped in a range. Stay with the plan.
Because after this range gets finished, there should be another expansion towards bullish targets - technically we should reach 75-85k. I can imagine in extreme even reaching 100k mark.
I do think this will be the cycle top and we should look for our hedge short positions accordingly around these levels - after a structure breakout to the downside.
Stay safe, take care!
WEDGE GBPUSD Longer termHello friends,
Having in mind my bearish bias for everything, I've noticed that GBPUSD has a big rising wedge. The wedge extreme target is the bottom of the pattern, however this is a longer term target. Breaking upwards might devalidate the pattern if we see a good volume. However, I doubt it. Thus, I am waiting for downward confirmation.
Namaste!