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ETHFI Trade Analysis Trade Overview: ETHFI is at a critical support level, having tested this support line multiple times. Despite showing relative strength on the 24-hour and 7-day timeframes, the token has not moved up. A clear invalidation is a prominent close below this major support. Trade Setup: Entry: Enter a trade at $2.9. Take Profit: Set profit targets at $3.6 and $4.3. Stop Loss: Place the stop loss just below $2.7 to minimize potential losses. 📊🔍 Watch ETHFI's price action carefully, and be ready to adjust the strategy if it breaks below the support! #ETHFI #CryptoTrading #RiskManagement 🌐🔒
Long
by Richtv_official
Chainlink (LINK): Watching for Key Support LevelsAfter a strong initial rise following our entry, BIST:LINK has started to decline again, raising the possibility that Wave 2 might not be complete and could fall further. It is crucial that the price does not fall below the 61.8% retracement level around $11, which coincides with a small high-volume node. This level should ideally act as support. Falling below $11 could lead to a rapid decline towards the $7-$8 range. The RSI remains stable, suggesting that the current decline might be part of a normal corrective phase rather than a larger trend reversal. Therefore, we will keep our stop loss relatively wide to accommodate potential volatility, as we do not expect a fall below the $11 mark. If the price holds above this level, the bullish outlook remains intact. We remain cautiously optimistic about Chainlink as long as it stays above the $11 support level. Falling below this could signal a deeper correction towards $7-$8, which would be a significant bearish turn. For now, we maintain our position with a broad stop loss to manage potential volatility and are looking for another DCA bid. Yearly VWAP Analysis When examining the yearly VWAP chart for Chainlink, we notice that the 2023 VAH (Volume Area High) and the 2020 VAH have been respected well. The price has dipped into this zone three times, each time holding it effectively. The 2020 VAH and 2022 VAH are critical levels that need to be reclaimed and held to turn bullish. Reclaiming these levels is essential for a sustained upward move. There is also a possibility that the price could retest the 2020 VAH once more. It is crucial to maintain the support at around $12.18. We have been forming higher lows, indicating a generally ascending trend. This trend should not be violated by falling below the $12.18 support level. Successfully reclaiming the 2020 VAH at around $16 would be a strong bullish signal. Maintaining the $12.18 support level is crucial for continuing the ascending trend. Reclaiming and holding the 2020 VAH at $16 would confirm a bullish reversal. Maintaining higher lows suggests an overall positive outlook for Chainlink.
Long
by freeguy_by_wmc
ADA: Support Zone Detected, Potential Price Increase! ($ADA)ADA may have found support above $0.42! Price is setting higher lows and retesting the 50-day MA (resistance) for the third time. Bullish on ADA? Consider entering a trade between $0.46 and $0.48 with Take Profit targets at $0.58-$0.60 (first resistance) and potentially $0.6650-$0.6870 (next resistance). Stop Loss: $0.40 (daily close below invalidates the trade). Consider adding to your position if price closes above the 50-day MA. RSI reset on daily and weekly charts suggests price might be finding a low. #ADA #Crypto #TechnicalAnalysis #SupportZone #BuyZone
Long
by Richtv_official
FOXY NEW INCREASE TREND ATHThe main market is stable, and there are low effect on long. This update is for FOXYUSDT Depending on the study trend this coin shows possibilities for new increase. FOXY seems to be at an important key level, where it has a high chance of breaking in the coming time. We will follow this coin with the possibility of the trend increasing and breaking. This can be interesting for day trading and long term, it depends on the coming time market view. Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis that are at long-term profitable. The reason for expecting this coin can increase Activation of a new trend with the possibility of starting a new cycle. Good times, everyone. This update is not trading or financial advice.
BYBIT:FOXYUSDTLong
by SatochiTrader
IMX Long Trade SetupCurrent Situation: Price Level: IMX is trading at a support level, making it an ideal entry point for a long trade. Trade Strategy: Entry Point: Enter a long position between $2.20 and $2.30. Take Profit Targets: First Target: $2.55 - $2.65 Second Target: $2.85 - $3.00 Stop Loss: Set just below $2.20 to manage risk. Summary: IMX is currently at a strong support level, providing a good opportunity for a long trade. Enter between $2.20 and $2.30, with take profit targets set at $2.55 - $2.65 and $2.85 - $3.00. A stop loss just below $2.20 will help to mitigate potential losses.
Long
by Richtv_official
DEGEN NEW POSSIBILITIES IN PRICE ACTIONHi Traders, I hope you all are doing well and navigating the crypto market with your best strategies. This update is for DEGENUSDT. Degen is looking interesting over the next time frames and may show increased volume. That's why we're keeping an eye on this coin. $0.025 is a key confirmation zone. If the coin breaks this level, there's a high chance it could reach $0.039. Remember, there are no guarantees in the market. Always follow a consistent system based on your own strategies and analysis. Good times, everyone. This update is not trading or financial advice .
Long
by SatochiTrader
Ethereum (ETH): Strategic Entries and Potential DropsFor Ethereum, we're observing a chart pattern that has developed a weak divergence, and we believe it is now correcting wo the end of Wave 4 of Wave (3). We plan to place multiple entries; our first entry was at the upper range of the Wave 4 target area around $3200. However, the price has continued to decline. We are now looking to DCA and make a second entry at $2600, with a final entry in our worst-case scenario at $2277. We suspect there might be further downside potential, but the extent is uncertain, and we intend to buy additional spots. Those already in from the first entry can choose to hold or buy more—this is on yourself. Given the expected market weakness, there could be opportunities to establish substantial long-term spot positions. Upon examining the annual VWAP, we're observing a scenario where the 2021 VAH is acting as a current resistance level. We briefly surpassed this level but quickly fell below it again. We believe there could be good entry opportunities in the area between the 2021 VWAP and the 2022 VAH, which closely align around $2,500 to $2,450. Below this, the next significant level could be the 2023 VAH around $2,000, indicating a substantial gap in the middle. This will be elaborated further in subsequent sections of our analysis. However, this setup on the larger chart presents a probable scenario, yet we're also considering managing our positions above this range as shown above. The 61,8% Fibonacci retracement is still the second entry target for us. 12H On the quarterly VWAP, we observe that the VWAP from Q4 2021 acted as resistance at exactly $4,100. Since then, we've experienced a downward trend and identified several levels acting as resistance or support. Currently, we're situated right at the 2022 Q1VWAP and the 2021 Q3VWAP, which could provide enough support to push us above the $3,000 mark. Ideally, surpassing the $3,200 mark would be beneficial, but we perceive this as challenging since the current quarter's VWAP is likely to act as resistance around $3,200. We think it's possible we might revisit the levels of the 2021 Q2VWAP to the 2024 Q1VAL, ranging between $2,670 and $2,426. While we don't anticipate falling much below these levels, it's not outside the realm of possibility. These remain our critical levels for now. 4H Considering the monthly VWAP, there's a scenario where we might see an upward push toward the Previous Monthly VAL, given that the February VWAP has acted as support three times already. This aligns with the desire to see Ethereum exceed $3,200, which would surpass both the February VWAP high and the Previous Monthly VWAP. Achieving and maintaining a position above this level is crucial for a sustained upward move. If we fail to reclaim and hold this level, it's plausible that Ethereum could revisit lower levels, potentially down to the February VAL around $2,500. Holding above the February VWAP is vital; otherwise, we might see a retracement to these lower support levels.
COINBASE:ETHUSDLong
by freeguy_by_wmc
1
BITCOIN: A Volatile Journey Towards New HeightsBitcoin (BTC) has always been synonymous with volatility, and recent market conditions are no exception. Currently priced at $67,700, Bitcoin is capturing significant attention as it hovers around this pivotal point. The market sentiment is mixed, with expectations of potential pumps, possible rejections, and opportunities for buying at lower prices. As we stand a few weeks post-halving, the anticipation of new all-time highs is palpable among investors and analysts alike. Historically, Bitcoin has shown a tendency to reach record prices following a halving event. This pattern fuels optimism that another bull run could be on the horizon. However, caution is warranted. Should a price drop occur, it is unlikely to last long. The underlying fundamentals and increasing institutional interest provide strong support for Bitcoin’s value, suggesting that any dips could be temporary and present attractive entry points for both new and seasoned investors. In summary, Bitcoin's journey remains as thrilling as ever. With the current price point being a critical juncture, the market could see significant movements in either direction. Investors are advised to stay vigilant and consider both the opportunities and risks in this dynamic environment.
BYBIT:BTCUSD.PLong
by Gokic