SEIUSDT Poised for a Move? Watch These Key Levels Closely!Yello Paradisers! Could SEIUSDT be gearing up for its next significant run? After a bullish stretch during this market rally, SEIUSDT has pulled back, settling at a critical support zone. Let’s dive into why this setup could lead to an exciting opportunity.
💎#SEIUSDT has retraced to a major support zone that previously acted as resistance, located between 0.3527 and 0.3308. On the daily timeframe, the price has shown respect for this level, hinting at potential strength for a rebound.
💎Notably, a bullish deep crab formation is shaping up, with the D leg yet to be fully realized at 0.2962. This alignment with the ascending trendline further supports the case for a potential upward move once D completes.
💎If support holds and the bounce confirms, look for SEIUSDT to test 0.4079 as the first resistance. The next target lies at 0.4446, followed by a major zone between 0.4948 and 0.5195.
💎While the completion of the D leg at 0.2962 could be a deeper retrace scenario, the current action around 0.3527 to 0.3308 suggests there might be enough strength to propel the price higher without further dips.
💎The bullish outlook will be invalidated if SEIUSDT closes below the trendline and the D leg support level of 0.2587.
Trade smart, stay vigilant, Paradisers, and remember—discipline and strategic patience are essential for navigating this market successfully.
MyCryptoParadise
iFeel the success🌴
Crab
Market Scenario and Potential Buying OpportunitiesAnalysis of Key Support Levels and Candlestick Pattern Confirmation
The financial markets are often characterised by their volatility and the constant ebb and flow of prices. In this intricate dance, key support levels play a pivotal role in determining the direction of market movements. This aims to provide an in-depth analysis of the current market scenario, focusing on two significant support levels, $2,378.36 and $2,327.67, and the potential buying opportunities that arise should the market break and close below these levels. Additionally, the importance of candlestick pattern confirmation at the $2,035.97 level for a Bullish Deep Crab Pattern setup will be emphasised.
Understanding Support Levels
Support levels are price points on a chart where a security tends to find buying interest as it falls. These levels often act as a floor by preventing the price from being pushed downward. Identifying such levels is crucial for traders, as they help in making informed decisions about entry and exit points in the market.
In the current market scenario, the two significant support levels to watch are $2,378.36 and $2,327.67. These levels have historically shown strong buying interest and have acted as a base for price rebounds. However, should the market break and close below these critical levels, it signals a potential shift in market sentiment.
Significance of the $2,378.36 Support Level
The $2,378.36 level has been a key area of support in the recent trading history. A break below this level would suggest a weakening of the bullish sentiment, prompting traders to reassess their positions. It is essential to observe the market behaviour around this level closely.
Importance of the $2,327.67 Support Level
The $2,327.67 support level is another crucial price point. Historically, this level has provided a strong base for price recoveries.
A break below this level would likely indicate a further decline in market confidence, leading to increased selling pressure.
Waiting for Candlestick Pattern Confirmation
In the event that the market breaks and closes below the two significant support levels, attention should then be directed to the $2,035.97 level.
At this juncture, it is crucial to wait for a candlestick pattern confirmation.
Candlestick patterns are graphical representations of price movements for a given period.
They are widely used by traders to predict future price movements based on past patterns. In this scenario, a candlestick pattern confirmation is required to validate a potential buying opportunity.
Potential Buying Opportunities at $2,035.97
The $2,035.97 level is significant for the Bullish Deep Crab Pattern setup. This advanced harmonic pattern is known for its precision in predicting price reversals. The Bullish Deep Crab Pattern consists of four distinct price movements that create a specific geometric pattern, indicating a potential reversal point.
For a reliable trade entry, it is essential to wait for a candlestick pattern to confirm the validity of this setup. This confirmation ensures that the market is indeed reversing and increases the probability of a successful trade.
The Bullish Deep Crab Pattern
The Bullish Deep Crab Pattern is a harmonic pattern identified by its precise Fibonacci ratios. The structure of the pattern includes:
Confirmation Candlestick Patterns
Several candlestick patterns can serve as confirmation for the Bullish Deep Crab Pattern.
These patterns provide visual cues to traders, signalling a potential shift in market sentiment. Waiting for these confirmations ensures that traders enter the market with a higher degree of confidence.
Conclusion
In summary, the market's behaviour around the significant support levels of $2,378.36 and $2,327.67 is crucial for determining future price movements. Should the market break and close below these levels, the $2,035.97 level becomes the focal point for potential buying opportunities. However, waiting for a candlestick pattern confirmation is essential to validate the Bullish Deep Crab Pattern setup.
By adhering to these technical analysis principles, traders can make informed decisions, minimizing risk and maximizing potential returns. The importance of patience and confirmation cannot be overstated in achieving successful trading outcomes in a volatile market environment.
NQ1 1W Bear Deep Crab Harmonic with target levelsOn the weekly Nasdaq 1W chart a bear deep crab harmonic pattern active. If this plays out, very volatile price action will occur ove the coming months. Deep crap price targets are measured as fib extension from the BC leg of the XABCD pattern. Note the large bull Gartley that has driven price to current levels has alraedy reached target 3 at 1.272 fib extension of AD leg of the Gartley. On daily chart, there are two bear ABCD Ext patterns which should drive price to point C of the bear Deep Crab, before a sharp temporary retracement to recent high, before plunging below point C to the extension price target levels below.
This chart is not for intraday trading, but should be useful for swing trading at these key levels.
Trend of British Pound Currency Indexthe detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
bear market turning into bull Market with GBP Crab.
Bullish crab pattern
It begins at point X and extends to point A. Point X may be anywhere on the price chart, but looking for a bull pattern under oversold circumstances is a smart practice.
Wave AB must retrace downward to the XA wave's Fibonacci levels of 0.382 - 0.618.
Wave BC must retrace the AB wave's 0.382 - 0.886 Fibonacci levels.
The final wave CD is the longest and must reach the BC wave's 2.24 - 3.61 Fibonacci levels.
NEO Analysis - What Shall we Expect !!!BINANCE:NEOUSDT
As you can see, the price is in a Megaphone. If the price can break this megaphone, we can hope that the price will act like a Crab pattern and the price will grow well.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BUY at zone - swing / intradayENTRY
- lines marked below is potential reversal zone ( PRZ)
- entry is strictly inside the zone
- look for buying confirmation in smaller time frame ( 15 minutes preferred )
EXIT
1. target
- mark fib retracement from C to latest swing low
- TGT 1 - 0.236 fib level ( intraday tgt)
- TGT 2 - 0.382 fib level
- TGT 3 - 0.5 fib level ( preferred target )
2. SL
- candle close below (PRZ)
- if u didn't get confirmation inside the zone , ignore this pick
- if candle close is below zone , this pattern becomes invalid . IGNORE THIS PICK
- RE-ENTRY can be done , if u again get buying confirmation inside the zone
NFE DOUBLE WHAMMY BULLISH.NFE has completed a multiyear correction imo, ending with 2 bullish harmonic patterns. the 1st and largest is a bullish bat pattern with a high probability (70-80%) of bouncing at the .886 fib level. The second is a bullish crab pattern with a high probability (80-90%) of bouncing at the 1.618 extension level. the bottom line is, that it is time to accumulate long-term and collect the div for many years. now that's what I call a double whammy!!
Bitcoin Analysis==>>Bearish Harmonic Patterns==>>Crab & SharkBitcoin moved as I expected in yesterday's post .
Bitcoin is currently moving in the Resistance zone($60,080-$59,400) , near the Resistance lines and the 50_SMA(Daily) .
It also seems that Bitcoin can potentially form the Bearish Crab Harmonic Pattern and Bearish Shark Harmonic Pattern .
After breaking the small Support zone , I expect Bitcoin to attack the Support zone($58,000-$56,600) again.
Note: We can expect more pumps if Bitcoin breaks the Resistance line (over $61,000).
Bitcoin Analyze (BTCUSDT), 15-minute frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Harmonic Crab Variation + Bullish RSI Divergence - GUHere I have GBP/USD on the 30 Min Chart!
Price has found Support from the July Highs!
Upon reaching the Low @ 1.30493 I notice a couple things:
-Price is moving Lower, RSI is moving Higher = Bullish RSI Divergence
-Price has created what looks to be a variation of the Harmonic Crab Pattern (not exact values)
Harmonic Crab XACBD Values:
X-B ( .382 - .618 )
A-C ( .382 - .886 )
B-D ( 2.618 - 3.618 )
X-D 1.618
We continue to see price move higher and I believe we will see Higher Highs up to the 1.3130 - 1.3140 Area!
Fundamentals:
GBP has been positive in the analyst eyes this week with the Claimont Count Change with impressive numbers and Unemployment down from 4.2% to 4.1%!
-GBP will have GDP releasing Wednesday Sept. 11th with forecasts to be Positive!
USD not only has Rate Cuts starting next week but this week is heavily loaded with CPI & Core CPI Wednesday along with PPI, Core PPI & Unemployement Claims Thursday Sept. 12th!
AUDUSD M15, Intraday TradeI just shorted AUDCAD, Bearish 5-0 Pattern on the 1-hourly chart, and now AUDUSD on this Bearish Gartley Pattern.
It seems like the Australian dollar may have a bearish movement for the next couple of hours.
If you have been following, you should know I don't usually trade on the M15 chart, but this one has an upsize trade component.
What is an upsize trade?
An upsize trade is a trading setup that allows me to stretch my final target to the next pattern completion. It's a Trade Management skill that I've used for years.
Before using it, You must be very familiar with the product and strategy.
Bitcoin Analysis==>Bearish Deep Crab Harmonic PatternAs I expected yesterday , Bitcoin went towards filling the CME Gap($61,855-$60,485) , although the structure of the trend was slightly different .
Bitcoin is currently moving near the Resistane zone($62,920-$61,460) , Resistance line , Daily Resistance(2) and 50_SMA(Daily) .
Also, the 🦀 Bearish Deep Crab Harmonic Pattern 🦀 can be formed near the Resistance line and the Resistance zone .
According to Elliott's wave theory , Bitcoin is completing corrective waves after completing five bearish waves .
I expect Bitcoin to drop to at least $59,400 after breaking the Support line , and if this level breaks, we should expect an attack on the Support zone($63,630-$63,200) .
Note: If Bitcoin can break the Resistance zone($62,920-$61,460) again, we should wait for Bitcoin to attack $65,000-$66,000.
Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
sell at zone - intraday- expecting small fall from the zone .
- good for intraday trade
ENTRY
- entry is strictly inside the zone
- look for confirmation in smaller time frame ( 15 mins preferred )
TARGET
- use fibonacci retracement on C to latest swing high
- mark 0.236 fib value as target
STOPLOSS
- if daily tf candle close is above the zone .
ignore
- if u didn't get confirmation inside zone , ignore this pick
- if daily timeframe candle close is above this zone , this pattern become invalid and ignore this pick
XAU Fake Forex ForecastWelcome one and all to another bullshido episode of fake forex forecast.
After a 2 weeks break in the magnificient sunny island in my dreams, lets wreck some havoc on the chart.
This morning correction distro phase threw alot of buyers in disarray, creating a nice range from a sluggish monday afternoon blues. Tuesday morning looks like hairy bear movement, with current price already approaching it's EQ.
Looking for a retracement back into a breaker before skyrocketing it up thanks to a speed bump JOLT in the US session later.
To the moon, or burst !
Possible Targets of Nifty Sniperthe detail is shown in the above Chart.
I made this Idea based on Harmonic pattern using Fibonacci tools.
The Crab pattern is a reversal pattern composed of four legs, marked X-A, A-B, B-C and C-D.
Key elements of the Crab pattern:
B point that is a 0.618 retracement of XA or less
extreme BC projection that is typically a 2.618, 3.14, or 3.618
alternate 1.27 or 1.618 AB=CD pattern required
1.618 XA projection as the defining limit with the structure
C point with range between 0.382 and 0.886.
The pattern can display rapid price action movement, and that often results in fast reversals at the PRZ.