LINK on the Verge Bullish Breakout Sparks Momentum !Pattern
The chart shows a descending wedge pattern. This is generally a bullish pattern, indicating potential price reversal or breakout to the upside.
Breakout
The price has broken above the upper trendline of the wedge. This breakout is a positive signal, suggesting that bullish momentum is building.
Volume Confirmation
Check if there’s an increase in volume during the breakout. A breakout with strong volume provides confirmation.
Retest
After a breakout, it's common for the price to retest the previous resistance (now turned support). Waiting for this retest can provide a safer entry point with reduced risk.
Targets
First target: The recent swing high near $24.50.
Second target: $28.50, where there’s visible resistance.
Risk Management
Place a stop-loss below the breakout level or the lower trendline of the wedge in case the breakout fails.
Cryptocharts
Will BTC Dive to $88K ? Bitcoin Breakdown Alert & Bearish SetupBitcoin has broken down from a well formed rising channel, signaling a potential bearish continuation. The heavy rejection near the $100,000 psychological level followed by a drop to $96,000 indicates strong selling pressure. The price is now trading below a key support-turned-resistance at $97,200.
Key Levels
Resistance Zone: $97,200
Current Price: $96,498
First Support Target: $90,000 - $91,000
Final Support Target: $88,400
Technical Insights
1. Rising Channel Breakdown
The price broke below the lower trendline, suggesting a bearish reversal. Rising channels often precede significant downside moves.
2. Failed Support Retest Possibility
There is a likelihood of a retest of the $97,200 resistance zone before continuing the downward movement. This can provide a new shorting opportunity.
3. Bearish Momentum Indicators
The recent high-volume sell-off reflects weakening market sentiment. Additional rejection near resistance would increase the probability of testing lower levels.
4. Market Instability
The current instability points to further downside risks, particularly if global macroeconomic factors or crypto market sentiment do not improve.
Potential Trade Idea
Entry (Short): Near $97,000 $97,200 on a retest
Stop Loss: Above $98,000 to minimize risk
Target 1: $91,000
Target 2: $88,400
This trade offers a favorable risk-to-reward ratio if the retest scenario plays out. Traders should monitor volume and any bullish reversals cautiously.
Bitcoin appears poised for further downside movement, with key levels to watch closely. Market participants should remain vigilant as volatility may increase in the coming days.
AGLD/USDT Bullish Breakout: Two Resistance TargetsAGLD/USDT has formed a bullish pennant pattern, and we’ve already seen a breakout. My first target is the pink zone, which acts as the initial resistance. If the price continues upward, my second target is the next pink resistance zone. Additionally, if the price reaches this second resistance, there could be an opportunity to short, depending on how the price reacts to this key level.
LDO vs MATIC 3day ChartLDO and MATIC here, as you can see on MATIC, when 200MAs formed it went parabolic (14,000%)
History doesn't always repeat, but it does rhyme. LDO should moon eventually, maybe after BTC halving.
These moving averages will form in about 20 days. If they form under price, in theory, it should be bullish. Also, it is possible for price to get pulled into these newly formed moving averages and then spring off of them. Notice it happened on MATIC.
I don't want to miss the LDO train when it leaves the station. I will probably acc. from here and dip down into the 3day white 100 if we get that.
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ARKUSDT Trade Plan Timeframe: 1HARKUSDT Trade Plan Timeframe: 1H
#Forex #ARKUSDT #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the ARKUSDT pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the ARKUSDT pair. 🐻
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 1.5302
🎯 Stop Loss Level: 1.4870
🚀TP1: 1.55
🚀TP2: 1.57
🚀TP3: 1.58
🚀TP4: 1.61
🚀TP5: 1.62
🚀TP6: 1.64
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
BTCUSD - 15m - Chart patterns, The consolidation box is endingThis is a detail look at the previously posted longterm Bitcoin USD map. This is the consolidation box. It is its third appearance in a year and very similar to the other two. This is an early step in pattern recognition. over the next 30 years this could repeat, or group into large multipoint patterns. But for now I am watching this box, using the basic geometry of a matching rectangle and using my trend line flows as a guide. id like a dip right before it breaks out and up or a peak right before it breaks out and down. I wont buy in the dead zone i have marked but will buy and sell at the edges or breaking of the edges. to me its like watching the action of a 4 hour candle whose tail has crossed the line.
BTC UpdatesBitcoin price remains under pressure and looks depressed as BTC price action is fading away from the $60,000 marker even further. When bears can consolidate below $57,986. Ethereum price has undergone a similar correction as Bitcoin but saw bulls stepping in at $4,060 and already shows further recovery to the upside.
litecoin is aliveLTC/BTC ratio is a brainwave. Meaning BTC is probably alive as well. You do know what this means right?
Bull Flag and Bullish PennantFlags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape. The terms flag and pennant are often used interchangeably.
A flag or pennant pattern forms when the price rallies sharply, then moves sideways or slightly to the downside. This sideways movement typically takes the form or a rectangle (flag) or a small triangle ( pennant ), hence their names. Draw trendlines along the highs and lows of the sideways price action. The sharp price rise preceding the flag or pennant is called the flag pole.
The sideways period is often followed by another sharp rise. This is where the trading opportunity comes in. Once the flag pole and a flag or pennant have formed, traders watch for the price to breakout above the upper flag/pennant trendline . When this occurs, enter a long trade.
Target 1: Size of the Flag
The first target of a confirmed Flag pattern can be derived using the measured move technique. The measured move target is a distance equal to the size of the flag. To measure the size of the flag, you would just take the vertical distance between the upper and the lower channel within the flag.
Then you would apply this distance starting from the breakout point. Your first target is located at the end of this distance.
Target 2: Size of the Pole
The next target of the Flag formation equals the size of the Flag Pole. So, to get this target 2, you need to measure the vertical distance between the high and the low of the Pole. Once you get that distance, you will need to apply it to the pattern. Again, as we did with Target 1, you would apply it starting from the breakout point.
Even though flags and pennants are common formations, identification guidelines should not be taken lightly. It is important that flags and pennants are preceded by a sharp advance or decline. Without a sharp move, the reliability of the formation becomes questionable and trading could carry added risk. Look for volume confirmation on the initial move, consolidation, and resumption to augment the robustness of pattern identification.
TRON BEST SHORT ENTRYPOINTTrx is into an ascendent channel which can go up or down but
Stoch at 1D is overbought hard
RSI also 67
BTC cboe contract expires in 16 october so until this date we are bearish
Open short at 404 bitmex with TP 377-384 for a scalping
Open short at 447-455 Bitmex with 360-347-317 sats target
450 Zone is the top of ascendent channel and also supply zone
BTC/USD short-term pullback. Short Target 7600 then 7000 Bitcoin has been gaining lots of positive momentum, especially from news about the ETF. If you look on the WEEKLY chart (I will publish below) you can see our MACD has crossed and momentum is shifting NORTH on the large scale. STOCH RSI has also shifted north on this large time frame. SO the next bull run could be starting now. I see the Waves on this chart as being completed. I believe wave one from 5800 to 6800, then down to 600 completed wave 2. SINCE it was a deep correction, we can anticipate wave wave 4 as a shallow correction. So our 5% correction should do just fine for that. Now we ran into resistance around the 8500 mark now we're retracing down the fibo lines. So if we hit the golden pocket between 50% and 61.8% it should complete our wave 1 and 2 on a larger timeframe, giving way for our next bull run (wave 3).