BTC should recover from this levelThere is a possible pennant forming on H4.
The pennant formation is more accurate after bouncing between the converging trendlines a minimum of 5 times.
If the pennant formation holds, BTC should drop to the level shown after the breakdown.
For more accuracy the measured target should be moved to the area it breaks down.
(I've changed the resolution to H12 to show the recovery/measured target area.)
Buy-sell
Binance Coin BNB Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Binance Coin BNB are:
BNB/USDT short
Entry Range: $270 - 280
Price Target 1: $255
Price Target 2: $239
Price Target 3: $219
Stop Loss: $298
Cronos CRO Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Bitcoin BTC are:
CRO/USDT short
Entry Range: $0.06 - 0.07
Price Target 1: $0.055
Price Target 2: $0.045
Price Target 3: $0.038
Stop Loss: $0.085
Polygon MATIC Price Targets for this weekThis week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Polygon MATIC are:
MATIC/USDT short
Entry Range: $0.84 - 87
Take Profit 1: $0.74
Take Profit 2: $0.61
Take Profit 3: $0.56
Stop Loss: $0.98
Polygon MATIC bullish ahead of the FOMC Press ConferenceI am bullish on Polygon MATIC ahead of the FOMC Press Conference.
Those are my price targets:
MATIC/USDT
Entry Range: $0.85 - 90
Take Profit 1: $0.96
Take Profit 2: $1.07
Take Profit 3: $1.19
Stop Loss: $0.77
AAVE most likely to go downAAVE, previously LEND, is one of the lending companies that are not down yet.
Most likely it will feel the contagion of FTX on others.
I have a short position in it since this post:
AAVE/USDT short
Entry Range: $57 - 59
Price Target 1: $50
Price Target 2: $37
Price Target 3: $20
Stop Loss: $69
#Imp $BANKNIFTY levels for Friday "The Bank Nifty index experienced a 1.96% drop today, with a subsequent recovery and ultimate closure at a decline of approximately 350 points. A review of the previous rally starting at 41575 points reveals a two-day overall decline of approximately 1.90%, or a drop of approximately 50% from the peak. Analysis of the chart reveals that if the decline persists, with a further drop of 200 points, we may witness a retest of the 41149 support level. However, it is unlikely that this event would occur within a single day. The next support level of interest is situated around 40500, and a thorough analysis of the two-day candle for today and tomorrow will provide further insight.
Upon examining the global market, I do not feel a pressing need to pay particular attention to any news or developments, as any event or occurrence ultimately reflects on our candle stick charts. It is my belief that we become confused and create our own perceptions when we try to interpret news and trends, which can be highly risky when trading. This has a significant impact on our trade play entry points and overall strategy. Please do not hesitate to ask if you have any questions." NSE:BANKNIFTY
DREP: WHY THIS MARKET ORDER OF 40% in 1HOURDepending on the last market show we see that just in 1H a high orders trend did start on this coin, but what is the reason that this coin could go in just 1 Hour 40%?
Directly orders can have different reasons as we never will know exactly why this market trade exactly is adding, is there a new trend coming on this coin, or a start of a whale trend? but same time it could be nothing and just a market movement.
SNM had before around the same trend when we did scan it at 20% increase in the same hour but was able to increase by 5000%, after that we have seen also the breakdown.
In other words, manage the risk well in any trade, and don't just go FOMO.
To confirm this increase we need to have some confirmations first.
At this moment there is still no confirmation of this increase can go further. Time will show us if this coin is able to make real gains, or if it's just a one-time volume trend.
if its able to increase, then is the next target 0,73 a very important target
But movements like this have most time a reason, and it's not for nothing made.
This update is just a view from our side, from the side of learning about the increase in views and the reasons behind it.
This update is not trading advice or suggestions for the choice of a side.
even if you have the confirmation to go in the trade as this, never do it with more than 10% of your investments and with the right risk management.
coins like this can have high rewards and same time high risk.
Imaginary wavesAgain as with the levels, first ima tell how to locate both real & imaginary waves, then I'll explain the principle itself, what are they, why it works etc, why we need em & how to use em. It's really easier this way.
Let's start with imaginary waves.
First, pls read the linked "Imaginary levels: fair price aka value", it has an explanation and another common example & about the imaginary levels.
As with imaginary levels, imaginary waves are, well, imagined xd, when there's nothing else, but a decision has to be made.
Look at the chart as if you're in 2k13 (when ASAP dropped Trap Lord) as in the previous example in the linked study, we have an overridden wave 520-1923.7, we have an imagined fair price level somewhere around 1200.
When we have an overridden wave -> we have the imaginary fair price level somewhere ~ in the middle of this wave -> that fair price level divides the real wave into 2 imaginary waves.
As with imaginary levels, imaginary waves can be used for further processing.
Coinbase to delist Ethereum Classic ETC from Coinbase Walletpast chart
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
ETC/USDT short
Entry Range: $19 - 20
Price Target 1: $16.77
Price Target 2: $14.24
Price Target 3: $12.82
Stop Loss: $23
Coinbase to delist Bitcoin Stellar XLM from Coinbase Walletpast short setup
Coinbase to delist Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP (XRP), and Stellar ( XLM ) from Coinbase Wallet!
My price targets:
XLM/USDT short
Entry Range: $0.085 - 0.090
Price Target 1: $0.079
Price Target 2: $0.0.071
Price Target 3: $0.069
Stop Loss: $0.111
DASH prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for DASH for the end of the year are the following:
DASH/USDT short
Entry Range: $45 - 50
Price Target 1: $41
Price Target 2: $38
Price Target 3: $32
Stop Loss: $55
Monero XMR prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for Monero XMR for the end of the year are the following:
XMR/USDT short
Entry Range: $148 - 155
Price Target 1: $140
Price Target 2: $134
Price Target 3: $125
Stop Loss: $169