LUNCUSD Excellent short-term buy signalTerra Classic (LUNCUSD) just hit the 1D MA50 (blue trend-line) for the first time since July 22. The pattern is a Channel Down going back to early March and every time the price broke above the 1D MA50, it went all the way for the 1D MA100 (green trend-line) to form a new Lower High at the top of the Channel Down.
As a result, we will buy the moment the 1D MA50 breaks and target the 1D MA100 at 0.00007550.
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Cryptocurrencies
GMXUSD 1day MA50 based trading strategy.GMXUSD almost hit the 1day MA50 two days ago and has so far turned sideways.
This inability to cross over this Resistance level that has been holding since early August, is technically a bearish signal.
As long as it holds, sell and target 30.150 (Support A).
If broken though, we can have a June 30th type break out to the 1day MA100. Consequently be ready to close the sell and open a buy targeting 42.000 (top of the Channel Down and possible contact with the 1day MA100).
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TONUSD: Buy a pullback near 1.700 and target above $3.TONUSD has had a strong bull run as of late, turning the 1D technical outlook green (RSI = 66.857, MACD = 0.238, ADX = 28.071). The consolidation of the past two days is a first indication that we might have reached a medium term peak. In fact it would appear that Toncoin is reproducing the July-September 2022 price action, which after a first peak, pulled back to below the 0.618 Fibonacci level before gradually rising again.
The 1D RSI Double Top is further proof to that. We estimate a pull back near 1.700 (Fib 0.618) to be followed by a new uptrend to the top of the long term Channel Up (TP = 3.200). During this sequence, the HL trendline should hold. Notice also how a MA50-100 Bullish Cross preceded both peaks.
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IMXUSD Just hit the 1D MA200! Another rejection?Immutable X (IMXUSD) is seeing a huge rally today, almost +50% so far, that has hit the 1D MA200 (orange trenf-line) and the top (Lower Highs) of the Channel Down. The previous 1D MA200 test (July 28) was a clear rejection and what started August's massive -46.80% decline. The last such decline (-46.95%) was in May/ June, the first sell wave within the dominant Channel Down pattern.
We are willing to buy every 1D MA50 (blue trend-line) pull-back and target the Higher Highs trend-line at 1.03500. If on the contrary the price breaks below the Higher Lows, we will sell and target a little above Support at 0.48000.
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$FRONT/#BTC [#Frontier]: BBand_Breakout Resistance_Breakout◳◱ Hey crypto lovers, we've identified bullish signals on the $FRONT / $BTC chart through the detection of both a Bollinger Band and a Resistance Breakout. The Bollinger Band indicates a potential bullish trend as the price has moved outside of the upper band, while the Resistance Breakout confirms this trend by showing the price breaking above a key resistance level. Given the alignment of these signals, it may be a good idea to consider entering a long position and targeting higher levels. Our analysis indicates that the key resistance levels are at 0.00001107 | 0.00001158 | 0.00001279 and the major support zones are at 0.00000986 | 0.00000916 | 0.00000795. However, it is important to also consider other factors such as overall market conditions and other technical indicators before making a trade decision.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.00001189 ₿
▣ 24HVol: 6.807 ₿
▣ 24hChng: 5.877%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.00001107 | 0.00001158 | 0.00001279
◢ Support: 0.00000986 | 0.00000916 | 0.00000795
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.59 - Bullish
▣ In-depth FRONTBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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CFXUSD Inside the Channel Down, not bullish yet.Conflux (CFXUSD) has been trading within a Channel Down pattern since the March 19 High. The 1D MA50 (blue trend-line) has priced all Lower Highs since May 23 but it is the 1D MA100 (green trend-line) that has been untouched since June 01.
The 1D RSI is on Higher Lows against the Lower Lows of the price, waving a big Bullish Divergence. The last time we saw a similar Channel Down structure was last year in Q3 - Q4. The pattern eventually broke upwards on a parabolic rise after the price broke above the 1D MA100. Before that, the earliest signal was when the 1D RSI broke above its onw Lower Highs trend-line.
As a result, we will wait for the RSI to make the first move and buy when the 1D MA100 breaks. All Fibonacci levels that follow will be targeted one by one.
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BTCUSD On a major Resistance cluster. Massive pump if broken.Bitcoin / BTCUSD is testing the Falling Resistance today, slightly over the 1day MA50 and under the 1day MA200.
This is a key Resistance cluster, which if broken opens the way to a potential massive price rise.
A similar test of the respective Falling Resistance took place on June 20th, again on the 1day MA50. When broken the price reached Resistance Zone A. Both rises have ocurred on Support Zone A.
The 1day RSI is on the very same level, indicating a high degree of symmetry.
Buy a potential cross over the Falling Resistance and target 31000 (bottom of Resistance Zone A).
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BITCOIN Going for the Cycle's Lower Highs trendline and 1W MA100Bitcoin (BTCUSD) is about to test a major Resistance cluster, the Lower Highs trend-line from the Cycle's 2nd High and the 1W MA100 (green trend-line). The latter was the Resistance level that stopped the rally in July. The price has been essentially consolidating sideways within the 1W MA100 and 1W MA50 (blue trend-line) since. The former (Lower Highs) is the trend-line that was a key Resistance in the past two Cycles and its break-out coincided with the break above the 1W MA100 as well.
Today BTC is only 30 weeks (210 days) before Halving 4 (April 2024). Going back to the past two Cycles, we can see that in both cases the price was exactly on the 0.5 Fibonacci retracement level on that respective date/time range and at the same time above the 1W MA100 (though only marginally). Today the price is roughly $5000 below the 0.5 Fib and below the 1W MA100. Can this be an indication that this Cycle may not be as aggressive? We can't be sure but what we do know is that a break above the Lower Highs and 1W MA100 trend-lines would be a strong medium-term bullish signal, at least until next year's Halving.
But what do you think? Are you expecting Bitcoin to finally break above the Lower Highs trend-line and the 1W MA100 on the current rebound? Feel free to let us know in the comments section below!
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KASUSD: Initiated the new rally phase to 0.1100KASUSD / Kaspa recovered the recently lost Support of the 1day MA50 and almost reached the August 7th High.
With the Rising Support holding, the long term bullish trend is intact.
Based on a similar rise since the start of the year, the price is just starting the new rally.
Buy now and target the 2.618 Fibonacci extension at 0.11000.
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LINKUSD This forgotten crypto is giving a buy signal.Chainlink (LINKUSD) hit today the 1D MA50 (blue trend-line) for the first time in more than a month after a Double Bottom just above the 1.5 year Support Zone. This rebound has been accomplished after the 1D MACD formed a Bullish Cross within the Buy Zone and rebounded.
Every time such a MACD rebound took place, the price has always hit $8.00. That is our buy target now and should be contained under the Lower Highs trend-line since the November 08 2022 High.
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bitcoin DOOM!If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Weekly DOOM counts still active, MO.
The circle looks 3 wave to me, I can't ignore it.
Not a clean end.
25k break adds to this.
33k break kills it.
I'm sure the ETFs will save us...maybe.
I have a plan B.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 15, 2023Technical Analysis and Outlook:
This week, the price action of Bitcoin made a strong recovery after reaching our Mean Support 25100. It is possible that it may continue to rise towards our Mean Resistance 27800. However, it may drop down to our strategic Outer Coin Dip 24200, as we anticipate a retest of the Mean Support 25100.
BTCUSD Inverse Head and Shoulders breaking the Falling Wegde.Bitcoin crossed today over the Falling Resistance / top of the Falling Wedge pattern.
This will turn into a buy breakout signal if it closes a (4h) candle over it. The MA50 (4h) has already turned into Support.
This Support is holding the Right Shoulder of an emerging Inverse Head and Shoulders pattern, which is a bullish bottom formation.
This can be the transition from the bearish (Falling Wedge) to the bullish (Inverse Head and Shoulders) trend.
Trading Plan:
1. Buy if a (4h) candle closes above the Falling Resistance.
Targets:
1. 27900 (Fibonacci 2.0 extension, standard Inverse Head and Shoulders target).
Tips:
1. The MA50 (4h) can cross above the MA200 (4h) inside the next 2-3 days. That is the well known Golden Cross formation, a powerful bullish pattern.
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Notes:
Past trading plan:
XDCUSD: Get ready for this signal.XDCUSD is neutral on the 1D timeframe (RSI = 51.811, MACD = -0.002, ADX = 40.140) with the price consolidating insde the 1D MA50 and the 0.0500 Support. In accordance to the two prior consolidation into recovery waves of this Fibonacci Channel, the next crossing over the 1D MA50, will be a buy signal.
The 1D MACD pattern is a lot like the bottom formations of February and June. Be ready to buy that breakout and target R1 (TP = 0.09350).
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BITCOIN Above the 4H MA200 starting to test the Resistances.Bitcoin (BTCUSD) broke yesterday above the 4H MA200 (orange trend-line) for the first time since August 09. This was a critical Resistance as it made the emphatic August 29 rejection in the Greyscale aftermath.
With the 4H MA50's (blue trend-line) support, the price has now started to test the Resistance levels one by one with the first being the Lower Highs 1 trend-line that has been in effect since the August 08 High. If BTC closes a 1D candle above it, we will have the first bullish break-out signal and we will buy targeting the 0.382 Fibonacci level and Lower Highs 2 trend-line at 27550. This trend-line has been in effect since the annual High of July 13. Note that if this target is achieved, BTC will most likely form a Golden Cross on the 4H time-frame (would be the first since June 22).
Beyond that, we will only engage in buying if a 1D candle is closed above the 1D MA100 (red trend-line), a key level which is located slightly above Resistance 1 (28150) and slightly below the 0.5 Fibonacci. In that case our target will be 30220 (Resistance 2), marginally below Fibonacci 0.786.
Among all this, notice the significant Bullish Divergence that has been unfolding on the RSI, which has been on Higher Lows while Bitcoin traded on Lower Lows.
So what do you think about this critical test of the 4H MA200? Is it the first Resistance to break and many more will follow? Feel free to let us know in the comments section below!
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HBARUSD Short-term buy opportunityHedera (HBARUSD) is having a 3-day 1D candle bullish streak for the first time since the August 15 High. Considering the completion of a Bullish Cross on the 1D MACD and the fact that the 0.04555 level (Support 1) held, we treat this as a similar buy signal with March 16.
That fractal rose up to the 0.5 Fibonacci retracement level. That is our short-term target (0.06050) towards the end of the month.
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The tide is turningYesterday, Bitcoin broke below $25,000, and in the process, it moved closer to a critical support level of $24,756 (before rebounding toward $26,000 overnight); if this support level is broken to the downside, it will mark a new low since 15th June 2023 and strengthen a bearish case in the short and medium term. Furthermore, if successful, we expect the breakout to coincide with MACD falling below the midpoint on the weekly chart. That would be yet another bearish development, confirming the downtrend and possibly foreshadowing a further breakdown in the price of Bitcoin (likely to $20,000 and potentially even lower). In accordance with our warnings since late last year, we may finally see an end to the most deceitful bear market rally and cryptocurrencies erasing all of their gains from the last twelve months. We continue to be bearish and expect Bitcoin to drop to around $24,000 in the short term and eventually revisit its last year’s lows.
Our views are based on multiple factors, including a lack of buying activity among large speculators (out of the futures market) and the FTX’s sale of tokens in the coming weeks. According to news outlets, the former second-largest crypto exchange will liquidate $3.4 billion worth of tokens. The proposed plan will allow the exchange to sell up to $100 worth of tokens per week (with the possibility of doubling the limit to $200 million per week); the Delaware Bankruptcy Court is supposed to decide on this matter tomorrow.
Now, on the topic of Bitcoin Spot ETF in the United States. In our opinion, its approval is inevitable. However, we would like to point out that recently, when there was any news in regard to this product in the United States, Bitcoin initially jumped higher but gave up profits later. That leads us to conclude that hype may fade by the time the new product gets approved, and the whole situation will turn into a well-known “buy the rumor, sell the fact.” Indeed, that happened when the first Bitcoin Spot ETF was approved in Europe last month, and Bitcoin dropped from around $29,000 to $26,000.
Illustration 1.01
The picture above shows the weekly chart of BTCUSD and MACD. The yellow arrow indicates a looming bearish crossover through the midpoint. If successful, the crossover will confirm the reversal of a higher-degree trend. As such, it will be a highly bearish development, likely foreshadowing Bitcoin’s fall below $20,000.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
BTCUSD: Is the new rally to +30k about to start?Bitcoin is on the second green 1D candle in a row trading on neutral 1D technicals (RSI = 46.543, MACD = -510.500, ADX = 23.740) despite being at the bottom of the 2 month downtrend, almost on S1 (24,800), which was the June 15th low.
There is a significant bullish divergence on the 1D RSI being on HL as opposed to the candles being on an LL trendline. This is an early buy opportunity that will be confirmed when the price closes the first 1D candle over the 1D MA50 (hasn't done so since August 1st). As you can see, this structure is very symmetrical to May-June.
We will buy the breakout and target the HH trendline (TP = 32,500).
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XRPUSD Has it lost all of the SEC steam?Last time we looked at XRPUSD (Ripple) was 3 months ago, giving the most accurate pull-back buy entry we could get (see chart below):
Following the SEC news on July 13, the price broke above $90 for the first time since April 2022 but since then started a decline which in two aggressive parts eventually broke below the 1D MA50 (blue trend-line) and hit both the 1D MA200 (orange trend-line) and 1W MA50 (red trend-line), whose range form the current Support Zone.
The 1D RSI Higher Lows potentially indicate that we are forming a bottom sequence similar to January 02 2023 and June 13 2022. In fact as you can see on the chart, the pattern of June - December 2022 is quite similar to that of April - September 2023.
As a result we are bullish and have a medium-term target at 0.56750 for October and long-term target at 0.9300 for January 2024.
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KASUSD: Above the 1D MA50, confirmed new rally.KASUSD crossed over the 1D MA50, which has been the Resistance last week, and on a bullish 1D technical outlook (RSI = 63.474, MACD = 0.006, ADX = 30.066) is extending the rise after making on September 5th a bottom on the long term Channel Up. The technical target is the 2.5 Fibonacci level (TP = 0.10500).
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TWTUSD Trade the break-outs. Bullish reversal may come soon.Trust Wallet Token (TWTUSD) is trading within a Channel Down pattern since December 2022. Yesterday it touched the Support Zone and rebounded, making a Double Bottom structure so far. At the same time it is restrained by the 1D MA50 (blue trend-line) as the short-term Resistance. There is a medium-term Resistance Zone since mid-June within 0.9700 - 0.9915 and it's where the 1D MA200 (orange trend-line) is headed to.
We see this range within the Support and Resistance Zones as neutral territory and only willing to trade the break-outs above or below. A 1D candle closing above the 1D MA200 would be bullish, targeting the 0.618 Fibonacci retracement level at 1.3000. A 1D candle closing below the 0.7115 Support would be a bearish break-ou, targeting 0.5350, which would be a -46.26% decline from the top, similar to the previous two within the Channel Down.
Notice that a 1D Bullish Cross that is about to be formed, may represent a long-term trend change to bullish.
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The chances of another volatile move are growingAfter Bitcoin's route two weeks ago, when it briefly jumped above $28,000, the price action started to trend sideways again. In addition to that, technicals on the daily chart began to flatten, suggesting the short-term bearish trend is weakening and turning neutral. To support a bearish case, we want to see RSI and MACD start declining and Stochastic continue oscillating within the bearish zone. On top of that, we want to see ADX resume growth, which would imply that the bearish trend is regaining momentum. On the contrary, to support the bullish case, we want to see the mentioned indicators turn to the upside and bullish crossover between DM+ and DM-.
At the moment, we continue to be inclined toward the bearish outlook and expect Bitcoin to drop to the area near $24,000. However, considering that volatility dropped significantly over the past few days and the trend is turning neutral, the chances of a volatile move to either side grow again. Though, there is one thing we want to point out. The data from LookIntoBitcoin indicates no accumulation among large players following the price bust two weeks ago, suggesting “smart money” is not buying yet. As a result, we think the next volatile move may favor the downside over the upside.
Illustration 1.01
Illustration 1.01 shows the daily chart of BTCUSD and simple support and resistance levels based on the recent troughs and peaks.
Illustration 1.02
On the weekly chart, we continue to observe MACD. If it breaks below the midpoint, it will be very bearish for Bitcoin.
Technical analysis gauge
Daily time frame = Neutral
Weekly time frame = Bearish
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Back to the square oneNearly a month ago, federal judge Analisa Torres ruled in favor of Ripple Labs in its case against the U.S. Securities and Exchange Commission. The decision was quickly followed by bullish price action, and XRP rose almost to $1, with many investors claiming this to be only a beginning of a roaring bull market. However, fast forward to today, and XRP still has not managed to break the $1 mark. Instead, the token lost more than a third of its value following the initial spike right after the judge’s ruling. Furthermore, as if it was not enough, the SEC signaled this week that it would appeal the ruling, setting a step back for the victory. As a result, we think this might put a lid on the XRP’s price and lead to increased volatility, with the prospect of XRP falling lower as another round of legal battle drags on.
Illustration 1.01
Illustration 1.01 shows the daily chart of MACD that is approaching the midpoint. If it breaks below it, it will be bearish for XRP in the short term.
Technical analysis
Daily time frame = Slightly bearish
Weekly time frame = Bullish
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.