BCHUSD at Key Support – Potential Buy SetupCOINBASE:BCHUSD is trading within a significant demand zone where buyers have previously stepped in, causing strong reversals. The recent pullback into this area indicates the potential for a bullish reaction.
If the price shows bullish confirmation—such as engulfing candles or wicks rejecting lower prices—a move toward the 460.00 level is expected. This zone could act as a base for buyers to regain control.
However, if the price breaks below this support zone, the bullish outlook will be invalidated, and further downside could follow.
Cryptocurrency
BITCOIN The March effect is about to kick-inTrump's inauguration took place yesterday and that's perhaps the one event that the markets have been waiting for to kick-start the year without distractions. On today's analysis we go through every January of Bitcoin's (BTCUSD) final year of its Bull Cycles and present to you what we will call from now on 'The March effect'.
As you can see, the price action coming to those January months is fairly similar between that last 4 Cycles. The price finds Support below its 1D MA100 (green trend-line), then breaks above it and with that as its new Support, it rises towards January where it starts the first Consolidation Phase. After a new Low near (or on) the 1D MA100, the market resumes the uptrend and rise towards March where again it starts a second Consolidation Phase.
As a result, January - March during the Bull Cycle's final year deliver this incredibly bullish sequence and we can claim that the phenomenon has already started as January 13 2025 was a close enough test for the 1D MA100. We are expecting a March peak around $130k.
So do you think we will see the 'March effect' unfold once more and if yes is $130k a plausible target in your opinion? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Is the Tide Turning for OMNIUSDT? Key Levels and Signals to WatcThe cryptocurrency market is alive with intrigue as OMNIUSDT hovers at $9.493, a far cry from its all-time high of $33.523, marking a dramatic 71% deviation from its peak. But the story doesn’t end there. With the Relative Strength Index (RSI) stabilizing near neutral at 45, the asset teeters between oversold and recovery zones. Could this be the calm before a storm?
Recent price patterns, including a "Sell Volumes Take Over," suggest a market grappling with direction but rich with opportunity. Resistance looms at $11.135 and $11.646, key battlegrounds that traders are closely eyeing for breakouts. Meanwhile, the 233-day Moving Average hints at a robust floor, offering potential support for buyers looking to capitalize on discounted prices.
So, is this your moment to seize the next big move? The market seems ripe with possibilities, but only decisive action can turn speculation into strategy. As the technical indicators align, the question lingers: are you ready to ride the wave?
Roadmap: Tracing OMNIUSDT Through the Lens of Price Patterns
1. Sell Volumes Take Over (2025-01-20 19:00 UTC)
The pattern "Sell Volumes Take Over" signaled a buy direction, closing at $10.405. The price movement showed resilience, creating a momentum of +0.89%. However, the next pattern “Increased Sell Volumes” didn’t confirm this direction, as the closing price dropped to $10.025. This suggests the trigger point wasn’t activated, and this pattern might be skipped.
2. Increased Sell Volumes (2025-01-20 17:00 UTC)
Main Direction: Sell
This pattern played out effectively as the subsequent price dropped from $10.025 to $9.785 in the following “VSA Manipulation Sell Pattern 2nd.” With a -0.84% move, the pattern's bearish signal validated the sell momentum.
3. VSA Manipulation Sell Pattern 2nd (2025-01-20 10:00 UTC)
Main Direction: Sell
This pattern confirmed its bearish stance with a closing price of $9.785 and a further dip into the range of $9.516 as identified by the subsequent “Increased Buy Volumes” pattern. Despite the downtrend, the market signaled a possible reversal, indicating that sellers were losing grip.
4. Increased Buy Volumes (2025-01-20 09:00 UTC)
Main Direction: Buy
As predicted, the price shifted upward, closing at $9.864. This marked a successful trigger, supported by a movement above the $9.516 low. This confirmation established a bullish foothold, preparing for the "VSA Buy Pattern Extra 1st."
5. VSA Buy Pattern Extra 1st (2025-01-20 02:00 UTC)
Main Direction: Buy
The market responded to this signal, showcasing a confident rise to $8.717 (following a minor dip). The sequence indicated that buyers were slowly accumulating strength, aligning with the directional trigger from the previous setup.
6. Increased Sell Volumes (2025-01-19 15:00 UTC)
Main Direction: Sell
Closing at $9.846, this pattern accurately forecasted the subsequent dip below $9.62. Sellers successfully pushed the market lower, aligning with bearish projections.
7. Buy Volumes Max (2025-01-19 14:00 UTC)
Main Direction: Buy
A notable spike followed, closing at $10.084 and validating this pattern. This was the point where buyers reclaimed control, driving momentum upward.
Key Observations for Traders and Investors :
Patterns with accurate main directions provided clear entry and exit signals, reducing market noise.
The mix of "VSA Buy" and "Sell Volumes" emphasized the dynamic shifts between accumulation and distribution.
Investors should watch for sequences where confirmed directions align to spot high-probability trades.
This roadmap serves as a historical guide to the effectiveness of pattern analysis for OMNIUSDT, emphasizing actionable insights and validation techniques. For traders, recognizing these sequences can unlock significant profit potential while avoiding misleading setups. Stay tuned for more updates!
Technical & Price Action Analysis: Key Support and Resistance Levels
When it comes to OMNIUSDT, the chart is speaking volumes. Here’s a breakdown of critical levels that traders need to keep on their radar. Remember, if these levels fail to hold, they’ll flip into resistance zones, creating headwinds for any bullish momentum.
Support Levels:
9.305 – A crucial short-term support. If it folds, expect sellers to drive the price further south.
7.900 – A deeper retrace zone that could be the last line of defense for buyers.
Resistance Levels:
11.135 – The first wall bulls need to crack to regain control.
11.646 – A tougher ceiling that could see significant sell pressure.
12.039 – Breaking this would put the market back into bull territory.
Powerful Support Levels:
12.212 – This level has historically held strong, but if breached, it’s lights out for buyers in the short term.
17.693 – A key area from a macro perspective. Losing this would signal a broader bearish shift.
24.832 – The line in the sand for long-term bulls.
Powerful Resistance Levels:
6.984 – A level that’s been tested and rejected before. If the price drops below, it’ll likely struggle to reclaim this zone.
Pro Tip for Traders:
Failing supports are not just signs of weakness—they’re prime spots for bears to set up camp. Watch for price action around these zones. If a level flips, it’s an early warning to adjust your strategy.
Stay tuned for updates, and keep these levels on lock—trading is a game of precision, and these are the keys to the next big move.
Trading Strategies Based on Rays: Optimistic and Pessimistic Scenarios
The "Rays from the Beginning of Movement" concept introduces a structured approach to trading based on Fibonacci principles and dynamic market factors. Each ray represents a potential boundary where price action signals a reversal or continuation. Here’s how to use this proprietary method for trading OMNIUSDT.
Concept of Rays
Fibonacci Rays are drawn from the start of movement patterns, adjusting dynamically with new trends or corrections. These rays act as guideposts for price movement, creating ascending and descending channels that define potential trade zones. Their interaction with price, combined with key Moving Averages and VSA patterns, signals the beginning of actionable trades.
Optimistic Scenario
Price reacts positively to Fibonacci rays, respecting support levels and initiating bullish momentum.
Initial Support Interaction: $9.305 – If price bounces from this level, the first target aligns with the next ray at $11.135.
Continuation Above Resistance: $11.135 – Break and close above this level sets the next target at $12.039.
Breakout into Powerful Resistance: $12.212 – Strong bullish momentum could aim for $17.693 as the long-term objective.
Pessimistic Scenario
Price fails to respect support levels and interacts negatively with descending rays, confirming bearish sentiment.
Initial Resistance Interaction: $11.135 – If price rejects here, the first downside target aligns with $9.305.
Break Below Key Support: $9.305 – Breach of this level points to $7.900 as the next target.
Interaction with Powerful Support: $6.984 – A deeper correction may lead to testing this key level, signaling potential capitulation.
Key Trades and Comments
Bullish Trade: From $9.305 to $11.135
Entry: Post-bounce from $9.305 and confirmation of upward movement.
Comment: Use this zone for scaling in as the first ray interaction aligns with bullish continuation.
Bearish Trade: From $11.135 to $9.305
Entry: On clear rejection from $11.135, signaling a reversal.
Comment: Ideal for short trades with tight risk management.
Breakout Trade: From $11.135 to $12.039
Entry: After a confirmed close above $11.135.
Comment: Look for a strong move to $12.039 with possible pullbacks for additional entry points.
Deep Correction Trade: From $9.305 to $7.900
Entry: If price breaks below $9.305, targeting the next ray at $7.900.
Comment: A defensive trade for bearish conditions, with strict stop-losses in place.
Long-Term Bullish Trade: From $12.212 to $17.693
Entry: After a confirmed breakout above $12.212 and sustained momentum.
Comment: This level marks a shift in market dynamics, targeting the upper ray with high confidence.
How to Use This Framework
Wait for price interaction with the rays and Moving Averages.
Enter trades only after confirmation of movement from the ray to the next predefined target.
Adjust positions dynamically as new patterns emerge, ensuring flexibility in changing market conditions.
Let’s Connect and Trade Smarter Together!
Hey traders! If you’ve made it this far, you’re already ahead of the game. Got questions or insights? Drop them right in the comments—I’d love to hear your thoughts and help fine-tune your trading strategy.
If this idea resonated with you, don’t forget to hit Boost and save it for later. This way, you can revisit and see how price action plays out according to my analysis. Watching price respect key levels and rays in real time is one of the best ways to master your trading skills!
By the way, the indicator-strategy I use, which auto-plots all these rays and levels, is a private tool. If you’d like access to it, send me a message—I’m happy to chat about how you can use it to elevate your trading game.
Need analysis for a specific asset? No problem! Whether you’re looking for a general post or a private breakdown tailored to your needs, we can make it happen. Some things I’ll gladly share publicly, while other ideas can stay exclusive—just let me know what works for you.
And here’s the best part: these rays work on all assets. If there’s a particular one you’re trading, comment below with the ticker and your thoughts. I’ll prioritize requests with Boosts, so don’t forget to show some love!
Finally, make sure you follow me here on TradingView. This is where all my best ideas and strategies land first. Together, we can navigate the markets with clarity and confidence. Let’s trade smart—looking forward to connecting with you all! 🚀
Bitcoin - Lofty Promises, Disturbing Results: My Crypto Journey.I make no claim to know where Bitcoin is headed. All I know is my opinion on it, and my feelings about cryptocurrencies in general, especially how they've evolved over the years. My sense continues to tell me that things are very wrong with crypto, and that eventually it's going to fade into the uncomfortable past, a kind of failed experiment. Back in 2022, I thought that if it gets bigger and bigger, it's a general symptom of wealth concentration, exploitation, and mass delusion. I don't think this technology is beneficial to society, as it extracts both attention and resources from its participants. Unless, of course, you can manage to be one of those who profits and then turns their profits into material wealth and/or positive change.
Looking at my own personal timeline for my sentiment about crypto, let's see how I ended up here:
November, 2017 : I am out of college for over a year now. I've been working a tough sales job for a year and I'm beginning to get burned out. I hear about Bitcoin from a friend. "if you buy in at $10K, sell at $20k and double your money." I then learn about Bitcoin and think, well, things are pretty bleak in the world right now. I don't know what I'm doing with my life. What if the banks collapse and I'm left with nothing? Bitcoin seems like a viable alternative. I buy out of fear, around $13.8k. Then, I see my value go up. Greed takes over. I go down a rabbit hole, learning about altcoins such as XRP, XLM, and LTC. Even XRB, which later becomes Nano. What if any of these becomes the next Bitcoin?
January, 2018: I think that I should have just cashed out. I must have bought the top. But, what if it all comes back even stronger? I could be rich. I pull out part of my initial investment and watch the rest continue to spiral downwards. I quit my job out of burnout.
May, 2018: Bitcoin continues to make lower highs. I start working that crazy sales job again part-time, as I need the money while the bear market persists.
December, 2018: All hope seems lost. I quit my sales job, again out of burnout and deciding I don't want to do this the rest of my life. I'm 25 years old. Then, I decide to look for reasons price might go up again, which would also then save me from having to go back to work again. I could just be an artist full time. I get into TA, thinking that it's kind of like art. Instead of working on my actual art or writing as much as I want to, I create all sorts of trendlines and other visual and fundamental reasons crypto could come back even stronger than before. I prepare. I buy ETH around $100. I'm now posting regularly on TradingView. I start figuring out which coins I want to load up on for the next bull run.
April, 2019: The market is back. I'm pretty sure the bottom is in. I'm gonna make it. I continue to post about various cryptocurrencies on tradingview, although I begin to feel worried about altcoins. Will they survive through the next cycle?
October, 2019: The market is volatile. Bitcoin finally hits $10K again, though there's something strange going on. Is price being manipulated?
February, 2020: Things are starting to feel precarious. ETH has done better now, boosting my portfolio back towards break even for the first time. The COVID crash is immanent. I've decided on a career to pursue.
March, 2020: Panic. Markets are screwed. I'm going down with the ship. I'm too scared to buy more because everything feels apocalyptic.
September, 2020: I begin grad school. While working mostly from home and attending classes remotely, I have a lot of time on my hands to post crypto analysis. I want to invest more, but I have very little income as a student. I feel that price is about to explode upwards. However, in grad school I'm also learning a lot about systems and becoming more and more skeptical about whether crypto would bring about any positive change to financial systems.
February, 2021: ETH has broken all-time high. I'm in significant profit. I'm checking my portfolio all the time. Will the altcoins rally soon?
Spring - Summer 2021: There's a huge amount of dumping. What's going on here? Why does Elon Musk have so much influence over this market? I thought it was supposed to be decentralized. Tweets are having a huge effect on the market. Should I sell? No, I think it's just a correction. I'm right, at least for now.
December, 2021: I'm feeling pretty bullish. Bitcoin made a significant new all-time high. But, something is tingling underneath my skin. I can't quite shake it. What's going on with this LUNA coin? A number of things are starting to unravel in my mind. For example, El Salvador recently made Bitcoin legal tender, but the response was very tepid. It's not seeming very practical at all. If it's not a viable currency, then what is it? I think about Elon Musk. I think about Michael Saylor and his defrauding of investors during the dotcom boom. I allow the cognitive dissonance I've been experiencing completely take over.
January - February, 2022: My feelings culminate. I decide to let go of all my crypto, realizing that it's not playing out ideally how I'd hoped. Plus, I'm in significant profit now. The forces that have taken advantage and control in traditional markets and the broader economy have latched themselves onto the cryptocurrency market, where investors are easily exploitable. The Super Bowl happens. Crypto starts to feel more and more like a joke. Who is really profiting from all this? NFT's are also irking me.
May, 2022: I finish grad school. Terra LUNA collapses, shortly after I speculated it would. For the rest of the year, I feel validated in my feelings about crypto. FTX collapses later that year, and although in hindsight it marked the bottom of the bear market, I'm hopeful that people will stay far away from this market in years to come. I am optimistic about my own financial future, as I now have a stable career. Later in the year, I make some money day trading, but I eventually stop since it's distracting me from my work.
July, 2023: I continue with my new career in the mental health field. I'm 30 years old. XRP was deemed not a security when sold to retail investors, but a security when sold to initial institutional investors. I am disappointed in this outcome, as I disagree and believe many altcoins like XRP are clear securities. I'm glad to be paying less attention to the crypto market.
January, 2024: Against my speculation and to my disappointment, Bitcoin ETF's are approved. I stubbornly stay away from the market, believing the ETFs to be another cash grab and an opportunity for existing holders to cash out, particularly those whales who have been on the stablecoin side of things - the orchestrators behind USDD, USDT, etcetera.
August, 2024: Ripple is only fined a tiny fraction of the initial request by the SEC for selling unlicensed securities. This opens the floodgates for money to pour back into altcoins, and for more ETFs to eventually be created.
November, 2024: Bitcoin finally makes a significant new all-time high after Trump is re-elected. It had been consolidating for much of the year, seeming at times that it would break down and not push past its previous high.
January, 2025: Trump is back in office. There's volatility across the market. Many are hopeful that his presidency will bear fruit for crypto holders. Meanwhile, he creates his own meme tokens and profits enormously from them, not unlike the numerous crypto grifters from years past, the grifters that took hold of the market and told me to stay away. I feel upset that price went against my speculation, though also vindicated. Crypto is exactly what I realized it was. My opinion has not changed. It's just another bulky asset, though one where the corruption is far more transparent than it is in the world of traditional finance. Even though it's there for all to see, not much is being done about it. Typical, really, of this current era of deregulation and apathy. Michael Saylor continues to hoard more and more. It's just the plaything of the wealthy now. It's what some people always wanted Bitcoin to become, but the antithesis of what many thought it represented.
I'm happy with my career, and I feel good knowing I invested in myself and did not continue to chase cryptocurrencies. After all, it's better to be able to generate capital myself than wait for someone else to do it for me. It's a more certain future for me, with much less speculation. I'm also able to pay off everything from grad school with my profits from the last bull market.
Bitcoin active addresses have not grown since 2017. studio.glassnode.com
It is hoarding, and hoarding through custodians. Plus, those who were already into it just kept buying. A few left entirely. And a few wealthy players began accumulating.
Now for a little TA:
This is the structure I'm looking at for Bitcoin. Failure to push back above that orange trendline has resulted in a rejection so far. This chart should give an idea as to the various extremes price can take over the coming days/weeks:
This is the longer term BLX chart, showing diminishing returns curved trendlines. If Bitcoin continues to follow this shape, the peak could be limited to $160-170K if reached this year. That is, if it has not already hit the top.
The bottom of this structure is comfortably at a major level - near $30k.
This bullish structure would need to break down to confirm a bearish period:
Right now, the chart LOOKS bullish, but it's important to pay attention to the other signals, the other things going on behind the scenes. Public perception is important as well. The monthly chart appears bullish until the 9 EMA (near $80k now) is lost. The ultimate oscillator continues to show a longer term bearish divergence:
The weekly chart can look like a tweezer top with a failed high if price cannot push back above $108k later this week.
If that push up is successful, I think price can rally up towards $160k before profit taking begins in real earnest again.
Let's see what happens!
Thank you for going on this journey with me, especially if you've followed me since the earlier days. As always, this post represents my personal opinion and is in no way intended as financial advice.
-Victor Cobra
BITCOIN This is what followed Trump's previous inaugurationBitcoin / BTCUSD appears to be repeating almost the exact same pattern of Trump's 2016 election win.
The chart on the right shows that a Bull Flag set the stage for the Nov 8th 2016 elections, after which the price rallied near the 2.0 Fib extension and consolidated until Trump's Jan 20th 2017 inauguration.
What followed after that was an immediate rally a little over the 3.0 Fibonacci.
With the 2024-2025 pattern being almost identical so far, we can expect a similar rally to the 3.0 Fib, which is a little over $150k.
Previous chart:
Follow us, like the idea and leave a comment below!!
$CAT on Sale: Eyes on the 0.00003 Test!Excited for lower prices on $CATUSDT.
This looks similar to previous price actions on other coins, like MEW before it expanded.
I want to see this test the 0.00003 area before any reaction. Any bids within the two orange lines are welcome, as long as the price doesn't make new lows.
The weekly trend is still intact, and that’s the area where I expect to see some support on this chart.
BITCOIN: Just bounced on the former 4 year Resistance.Bitcoin is staging an incredible rebound on the nearly 4 year HH Resistance Zone, while being on a bullish 1D technical outlook (RSI = 61.575, MACD = 1366.600, ADX = 28.907) and a borderline overbought 1W, which really sets the tone for the rest of the bull market. This turns the former Resistance Zone into a Support, as this is the first test and bounce since it broke in November after the U.S. elections.
Symmetrically, the rally since August 5th 2024 looks like the rejection since November 8th 2021. Like the rejection reached the 2.0 Fibonacci extension, we expect the current bullish wave to do the same thing. A TP = 200,000 can be easily achieved under these conditions.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
TradeCityPro | GALAUSDT Battle Between Buyers and Sellers 👋 Welcome to TradeCityPro Channel!
Let's dive into this cryptocurrency altcoin, after which I will explain in detail about Trump’s meme coin and his wife in the next analysis.
🔍 Bitcoin Overview
Before starting today’s analysis, let’s take a quick look at Bitcoin on the 1-hour timeframe. Last night, we saw some volatility, triggered by the inauguration of the new U.S. president, Mr. Trump, which led to these movements.
Initially, we experienced some bearish candles and dropped below $100,000. However, we bounced back and reached a new price ceiling of $109,350, which was touched on most exchanges. It was an unprecedented event for Bitcoin fans.
📅 Weekly Timeframe
On the weekly timeframe, GALA is one of those cryptocurrencies that is still fluctuating within its larger range box. It seems likely that it will break out soon.
The key resistance level here is at 0.06090. When we previously attempted to break the range box, the breakout was fake, and we returned to the box.
For re-entry, I plan to buy long-term once the range box ceiling at 0.06090 is broken. However, I will need volume increase for confirmation. For now, the main exit trigger will be a break below 0.01579.
📈 Daily Timeframe
On the daily timeframe, GALA is showing a good potential for a bullish movement as it’s breaking above its previous daily range.
After breaking the resistance at 0.02434, the price moved up nicely to the range box resistance of 0.0609, which was a reasonable place to take profits or exit the position. I personally opted for the latter.
Currently, the price is at a crucial support level at 0.03305, which is important on both the daily chart and also aligns with the 50% Fibonacci retracement level, a key technical point. This zone is considered a potential reversal zone (PRZ).
For re-entry, I will buy if we experience a fake breakout at this support level or if we break above 0.04344. The most significant entry will be if the weekly ceiling of 0.06090 breaks. I will continue to hold my 0.02434 entry. For selling, I won’t do anything at 0.03305, but there’s a possibility I might open a short futures position, as the price could move towards 0.02821 or 0.02434.
FWOG approaching Buying ZoneKey Levels:
Previous Weekly Wick: This level is shown in green. It represents inefficient price delivery which price will be looking to to fill (trade back into).
PWH: Previous Weekly High
Imbance / W: Weekly Imbalance which is visible on the Weekly Timeframe.
This suggests potential support, where price may stabilize or reverse.
Entry Zone: A highlighted region in red below the current price, where price could find an entry point for longs. We want to see structure break to the upside which would confirm us to take a long position.
Trade Setup:
Look for Entries: The ideal entry could be near the marked red zone where the price may find support or demand, offering a low-risk long position.
Take Profit: The previous weekly wick level can be a key resistance target. Monitor price action around this level to decide whether to lock in profits.
Stop Loss: A stop loss can be placed below the marked imbalance area or below the support region.
Summary: The focus is on looking for entries near the marked red zone (support area) and targeting a potential upward move toward the previous weekly wick as the resistance level.
Be mindful of any price action near the support and imbalance levels for confirmation of entry.
Phemex Analysis #54: How to Trade TRUMP Like a ProDonald Trump, the 45th U.S. President and soon-to-be 47th, has once again made history—not just in politics but also in the world of cryptocurrency. On January 18, 2025, Trump launched his very own meme coin, $TRUMP, which skyrocketed from an initial price of $0.1824 to an all-time high (ATH) of $83.216 in just 48 hours. This staggering 45,622% rise not only set a world record for the highest percentage increase of any asset but also made Trump the first U.S. president to launch a cryptocurrency.
Now, with just hours remaining before Trump’s inauguration as the 47th U.S. President, traders are speculating on what’s next for $TRUMP. Will it continue its meteoric rise or face a sharp correction? Let’s explore two possible scenarios that could unfold and how you can trade them like a pro.
Bullish Breakout: A Rally to New Heights.
The first scenario is a bullish breakout fueled by optimism surrounding Trump’s inauguration and potential crypto-friendly policies. If $TRUMP breaks above the key resistance level of $64.55 with high trading volume, it could signal another rally that takes the token to new heights. Traders will be watching closely as the price approaches critical levels like $76 and $83—the previous ATH—with the psychological milestone of $100 acting as a major target.
The momentum in this scenario would likely be driven by positive news about U.S. crypto regulations or other announcements that reinforce confidence in the token’s long-term potential. For traders looking to capitalize on this bullish move, timing is everything—waiting for confirmation of a breakout with strong volume is essential to avoid false signals.
Bearish Drop: A Chance to Buy the Dip.
On the other hand, there’s always the possibility of a bearish drop, especially given $TRUMP’s extreme volatility and rapid rise. If the price falls sharply below $50, it could trigger further declines toward the $40 support level. At this point, volume becomes a critical factor in determining whether this is a temporary correction or the start of a deeper downward trend.
If the drop to $40 occurs with relatively low volume and higher RSI compared to previous dips, it might indicate that $TRUMP is building a support base—an excellent opportunity for traders to buy at discounted prices before another potential rally.
However, if selling pressure intensifies with high volume and lower RSI, traders should brace for further declines to key levels like $32 or even as low as $24. In such cases, patience and risk management are crucial to navigating these turbulent waters.
Conclusion: High Risk, High Reward.
Trading high-volatility assets like $TRUMP is not for the faint-hearted—it’s a game of high risk and high reward. With its unprecedented rise and historic significance as the first cryptocurrency launched by a U.S. president, $TRUMP has captured global attention. Whether you’re riding bullish waves or buying dips during corrections, staying disciplined and informed will be your greatest advantage.
As Trump prepares to take office once again, all eyes are on how his policies might shape the future of cryptocurrency—and how $TRUMP will perform in this unpredictable market. For those willing to embrace the risks, this token offers an unparalleled opportunity to trade history in the making.
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TRUMP reached $15B in market cap! Should this even be legal??OFFICIAL TRUMP (TRUMPUSDT) was launched officially on Friday by President Donald Trump, reaching a market capitalization peak of $15 billion.
It naturally falls into the category of memecoins and even though the token may very well keep rising with its technical corrections and rallies, the big question that is on everyone's mind is this:
SHOULD IT EVEN BE LEGAL?
This post isn't a political one, we wouldn't care any less if the token was named Bidencoin or Obamacoin. Our concern falls purely in the economic sphere and the financial consequences a price collapse may have on its (naive?) investors and the whole crypto market in general.
Obviously, having released only 20% of supply to the general public while the remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC (a company formed in Delaware on Jan. 7), is in principle a positive step and a small sign towards proper governance. But naturally the token’s website includes a disclaimer noting TRUMP is “not intended to be, or the subject of” an investment opportunity nor a security of any type, and is “not political and has nothing to do with” any political campaign, political office or government agency.
Again to avoid confusion, the token may very well extend the current rally, after all it has been on 3 enormous straight green candles, and even double in price and enter the top 10 of crypto with more than $30B cap.
But can you image the consequences to the whole market if some of that 20% of public supply or any of the 6 wallets that own more than $600 million each, makes a rug pull? Beyond the ethical aspect, should it be legal for the President of the United States to have such a large stake on this kind of venture? Does the idea of a 'free market' apply under the above conditions?
We are just raising our concerns and nothing more, as it took us, the whole crypto community, 25 years to get the market from a state of ridicule to a global force that is already reshaping the world as we know it. And it is our responsibility to question moves and call potential dangers if we see one. How will it reflect to crypto investors if the U.S. President's coin goes from no 15 in the market cap to bust? It took a lot of years and effort for the first BTC ETF to attract high profile capital to the market from investors that would otherwise never though of buying cryptocurrency if it weren't for Blackrock and others to back it up with an ETF. Will those people or even normal investors maintain their appetite if the U.S. President fails to safeguard even his own coin?
Lots of questions, tough answers. Feel free to tell us what you think about TRUMP's coin.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Hi chances on reversalMorning folks,
So, by introducing $Trump Token, old Donny has put the start of global US Dollar devaluation. And Melania probably will add today...
All our short-term targets are done - weekly grabbers and H&S failure has worked fine, BTC has challenged the top of 108K. We consider this action as hype and emotional. Mostly due euphoria around D. Trump inauguration.
Due to oversold on Monthly and Daily time frames, chances on reversal are significant. So we intend to watch for DRPO "Sell" pattern on weekly chart.
Still, Donny could tell us a lot today, and madness could continue a little bit. We do not exclude that BTC could try to reach nearest upside extension around 113.5K before reversal starts.
We do not call right now for taking short positions, let's see what will be on Thu, prefer to wait for patterns and signs for reversal first. But we call to consider long positions close or, at least tight stops around them.
Take care.
BTC UPDATENow the BTCUSDT price has gone in bearish CHoCH in H1 and H4 timeframe..
so i will be looking for shorts as seen in the chart as 1 and 2 scenarios..
but what if it just is a liquidity sweep for the next move.
then I will wait for the double ChoCH to happen and will look to go long from the last supply level as seen from scenario 3.
BTCUSD | Testing Major Resistance Zone – Will Sellers Take ContrCOINBASE:BTCUSD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, resulting in prior reversals. If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,793 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
BTC at major Resistance Zone? Will it drop to 102,100 $?COINBASE:BTCUSD is trading in a robust resistance zone that aligns with prior price rejections and key supply levels. This area has in the past attracted strong selling interest, making it a critical point to watch.
If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 102,100. Conversely, a break above this level could signal further upside and invalidate the bearish setup.
Traders should carefully evaluate price action at this zone before entering positions. Do you see this playing out similarly?
Let’s discuss in the comments below!
ETH to $15000 LONGChart Analysis: Ethereum is currently forming an ascending triangle pattern, which is typically a bullish continuation pattern. The price action has been creating higher lows while encountering resistance at a level around $4000.
As the pattern evolves, a breakout above the resistance level could signal a continuation of the upward trend.
Trade Setup:
Pattern: Ascending Triangle
Resistance Level: $4000 (key horizontal resistance)
Target: The pattern suggests a potential move of approximately 445% upward, with a projected target of $21,908 (a significant potential move).
Stop Loss: Place the stop loss below the recent support trendline, around $2,200 to manage risk.
Take Profit: Set the initial take profit target at $15000 with further targets at $26000 and depending on how the price progresses after the breakout.
BINANCE VALID BULLISH SYMMETRICAL TRIANGLEBINANCE:BNBUSDT Good Afternoon trader, my UPDATE idea for BNBUSDT. 4H on 19/01/2025.
We got a valid triangle pattern in binance price action because the price did not break through at $729,97 price area . If we observed carefully, 5 waves (W1-W5) will formed in this information, which is related to the Elliot Wave theory.
So my prediction the price will continue get the support triangle at $675,30 area price before continue bullish to break the pattern.
Please discuss about this thing, comment on below
Is AIDOGEUSDT Ready to Bark Back? Key SignalsAIDOGEUSDT is sitting at a critical juncture with the current price at $0.002035, reflecting a steep decline of 78.08% from its all-time high of $0.009286, set just under a year ago. After bouncing 25.07% off its absolute low, the asset finds itself on a knife’s edge—oversold according to the RSI14 at 19.2. This could indicate a brewing shift in momentum.
Recent patterns in sell volumes and VSA buy signals are fighting for dominance, with key resistance levels like $0.002174 looming ahead. Coupled with macroeconomic uncertainty and rising speculative interest, the question remains: is this a trap or the start of a reversal?
For traders and investors, the urgency is palpable. With long-term averages slumping below key supports, and a convergence of powerful resistance near $0.0024, today’s setup demands attention. Will AIDOGEUSDT claw its way back, or is the worst yet to come?
Stay tuned—this could be your defining moment in this unpredictable crypto saga.
Roadmap: Tracing the Momentum of AIDOGEUSDT through Recent Patterns
Dive deep into the pulse of AIDOGEUSDT as we dissect the most recent series of patterns using a roadmap that tracks not just their presence but their actual impact on price action. Here's how the action played out:
1. VSA Buy Pattern Extra 1st (2025-01-19 09:00 UTC)
Direction: Buy
Analysis: The "VSA Buy Pattern Extra 1st" signaled potential upward momentum after the close at $0.002174. Despite this signal, the next pattern saw a "Sell Volumes" direction take control, showing no upward breakout from the previous trigger. This invalidated the buy setup, making it a "watch-and-wait" moment for traders.
2. Increased Sell Volumes (2025-01-19 11:00 UTC)
Direction: Sell
Analysis: Here comes the game-changer. With a close at $0.002035, the sell direction hit hard, accurately reflecting the downward momentum predicted by the pattern. The next movement confirmed the strength of the selling wave, solidifying this as a reliable bearish signal.
3. VSA Buy Pattern Extra 1st (2025-01-19 08:00 UTC)
Direction: Buy
Analysis: The earlier "Buy Pattern" appeared again, but the rally was short-lived as subsequent sell volumes dampened enthusiasm. This reiteration failed to confirm a buy breakthrough, showcasing the dominance of bearish pressure.
4. VSA Sell Pattern 3rd (2025-01-18 15:00 UTC)
Direction: Sell
Analysis: True to its nature, this sell pattern accurately set up a bearish swing, with the next candles reflecting a consistent downward drift. A textbook example of pattern precision that delivered what it promised.
5. Increased Buy Volumes (2025-01-18 00:00 UTC)
Direction: Buy
Analysis: Bulls finally showed some teeth here, pushing the price from $0.002649 to $0.002776. This pattern proved spot-on, as it marked the beginning of a brief recovery before sellers regained control.
6. VSA Manipulation Sell Pattern 3rd (2025-01-17 17:00 UTC)
Direction: Sell
Analysis: Bears ruled the show again, with the price tracking downward in line with the signal. The movement reinforced the bearish bias and gave traders a clear shorting opportunity.
7. Buy Volumes Max (2025-01-17 02:00 UTC)
Direction: Buy
Analysis: This buy signal didn’t disappoint, as the price pushed upward momentarily. While it didn’t lead to a long-term trend change, it offered short-term traders a golden scalp opportunity.
8. VSA Buy Pattern 3 (2025-01-14 21:00 UTC)
Direction: Buy
Analysis: The buy pattern highlighted an early rally, but its short lifespan reflected the broader market weakness. The directional signal worked in the moment, although macro bears soon overwhelmed the momentum.
Conclusion
Patterns don't just tell a story—they set the stage for actionable insights. For AIDOGEUSDT, the roadmap reveals a fascinating interplay of bullish and bearish pressures, with sell patterns delivering some of the most reliable setups. Keep this roadmap in mind as we watch the next moves, and remember: in the crypto game, patterns are your allies, but confirmation is king.
Technical & Price Action Analysis: Key Support and Resistance Levels
Here's the breakdown of the most critical levels for AIDOGEUSDT that every trader should have on their radar. These zones will act as battlefields between bulls and bears. If they fail to hold, expect these same levels to flip and become stubborn resistance on the way back up.
Support Levels:
These are the lifelines for the bulls. Watch for bounces here:
0.002174 – The immediate support zone that needs to hold to maintain any bullish vibe.
0.002392 – A deeper dip could see buyers stepping in here to defend.
0.002806 – A solid mid-range level that can act as a springboard for recovery.
Resistance Levels:
These levels are where the bulls will face heavy resistance if the price moves upward:
0.003052 – A critical line in the sand. A break and hold above this could ignite bullish momentum.
0.003158 – The upper limit where sellers might hit back hard.
Powerful Support Levels:
Stronger zones that bulls must guard fiercely:
0.004612 – A major inflection point. If price reaches this, it’s a do-or-die level.
0.005384 – Bulls would need to regroup here if the sell-off gets intense.
0.00743 – A key long-term zone that may decide the trend direction.
Powerful Resistance Levels:
Big money might step in here to cap upward moves:
0.001873 – Immediate resistance that’s been a thorn for bulls.
The Takeaway
Respect these levels like they’re your trading roadmap. If a support fails, it’s not the end of the story—it’s the beginning of a new resistance. Keep your eyes sharp, manage your stops tight, and let the price action guide your decisions.
Trading Strategies with Rays: A Systematic Approach to Market Movements
Concept of Rays
The "Rays from the Beginning of Movement" methodology leverages Fibonacci-based dynamic levels that align with natural proportions. Unlike traditional analysis focused on static extremum points, these rays adapt to new patterns and highlight interaction zones where price either reverses or continues its trend. By incorporating moving averages (MAs) as dynamic factors, this system offers a robust approach to identifying trade setups.
How It Works
Fibonacci Rays: Define key movement boundaries based on the initial movement pattern.
Dynamic Interaction: Price reactions at ray intersections with MAs confirm trade opportunities.
Action Zones: Use VSA rays and MAs for confirmation before entering positions.
Scenarios: Price moves from one ray to the next, creating clear targets for trades.
Two Scenarios: Optimistic and Pessimistic
Optimistic Scenario: Price interacts with ascending rays and finds support at dynamic MA levels, signaling a bullish continuation.
Entry Zone: $0.002174 (immediate support and ray interaction).
Target 1: $0.002392 (first ascending ray).
Target 2: $0.002806 (next ray with strong resistance potential).
Moving Averages: A price break above MA50 and MA100 strengthens bullish confidence.
Pessimistic Scenario: Price fails to hold critical support and interacts with descending rays, leading to bearish continuation.
Entry Zone: $0.002035 (near powerful resistance, now acting as support).
Target 1: $0.001873 (next descending ray).
Target 2: $0.001627 (powerful historical support ray).
Moving Averages: A breakdown below MA233 confirms further downside pressure.
Suggested Trade Setups
Buy Setup (Bullish Scenario): Enter long at $0.002174 if the price interacts positively with ascending rays and MA50. Exit partially at $0.002392 and hold for $0.002806.
Sell Setup (Bearish Scenario): Short at $0.002035 if the price breaks below descending rays and MA233. Partial profits at $0.001873, and hold for a possible test of $0.001627.
Scalp Strategy: Use ray-to-ray movements for quick trades, focusing on dynamic resistance and support zones, such as $0.002174 to $0.002392.
Swing Trade: Aim for extended movements, aligning with ray trajectories and MA trends, such as $0.002035 to $0.001627 in a bearish scenario.
Key Notes
Every trade begins with interaction at the rays and requires confirmation from volume analysis (VSA) or price patterns. Whether bullish or bearish, the journey from one ray to the next provides traders with clear, actionable targets while minimizing guesswork.
Trading is all about precision, understanding, and growth—and I’m here to help you navigate the market with confidence. If you’ve got questions about this analysis or want to share your thoughts, drop them in the comments below. Let’s discuss, learn, and grow as a community.
If you found this roadmap useful, don’t forget to hit that Boost button and save the idea to revisit later. Track how the price reacts to the levels and rays I’ve outlined—because mastering those key points is the foundation of successful trading.
My custom indicator draws all the rays and levels automatically, making analysis faster and more accurate. It’s currently available privately, so if you’re interested in trying it out, feel free to send me a private message for details.
Need analysis on another asset? Let me know in the comments! I can create setups for any instrument, and while some will be free for public access, I’m open to creating personalized setups for private use as well. My rays work on any asset, so whether it’s crypto, forex, stocks, or commodities, I’ve got you covered.
If you enjoy this kind of content, make sure to follow me here on TradingView. It’s where I share all my ideas and strategies to help traders like you make informed decisions.
Let’s build something amazing together—one trade at a time. 🚀
VELO Ready for Its Next Big Move?As the crypto market continues to fluctuate, VELOUSDT is at a crossroads. Currently trading at $0.02188, the asset has retraced -43.85% from its recent peak of $0.038965 set just three days ago. This places it in a prime zone of interest for both bulls and bears. With a low RSI14 at 21.15, VELO is heavily oversold on the 1-hour chart, suggesting a potential rebound is on the horizon. Meanwhile, the 60-period MFI at 26.60 hints at waning selling pressure.
The emergence of consecutive VSA Buy Patterns in the past few sessions supports the hypothesis of a possible reversal. However, a break above the resistance at $0.026136 would provide stronger confirmation for a bullish move.
Could this be your chance to catch a trend early, or will VELO test deeper waters before turning? Keep an eye on these levels, and stay tuned for the next steps in its journey. Are you ready to trade with precision?
Roadmap: VELOUSDT Patterns Unveiled
Dive into the historical path of VELOUSDT to uncover how patterns have shaped its journey. This roadmap highlights confirmed moves, discarding noise to reveal actionable insights for traders.
1. VSA Manipulation Buy Pattern 2nd - January 19, 09:00 UTC
Main Direction: Buy
Opening Price: $0.023559 | Closing Price: $0.023816
Confirmation: The subsequent pattern at 10:00 UTC continued the bullish movement, closing higher at $0.022719 despite minor fluctuations. The direction aligned perfectly, validating the bullish forecast. This move showcased a strong rebound from a previous sell-off, marking a turning point for VELO.
2. VSA Buy Pattern Extra 1st - January 19, 10:00 UTC
Main Direction: Buy
Opening Price: $0.023816 | Closing Price: $0.022719
Confirmation: At 11:00 UTC, the next candle continued the upward push, closing at $0.02188. While the price dipped initially, it tested lower support levels before rebounding in alignment with the bullish signal. This pattern highlighted a retest scenario before breaking out to higher levels.
3. Increased Sell Volumes - January 19, 08:00 UTC
Main Direction: Sell
Opening Price: $0.025608 | Closing Price: $0.023559
Skipped: The subsequent patterns contradicted the bearish outlook, signaling that this pattern failed to confirm its trigger. This inconsistency marks it as a noise event in the roadmap.
4. VSA Manipulation Sell Pattern 2nd - January 18, 08:00 UTC
Main Direction: Sell
Opening Price: $0.02829 | Closing Price: $0.02705
Confirmation: The following VSA Buy Pattern Extra 1st at 07:00 UTC indicated a minor reversal, but the broader trend remained downward. The sell signal was validated as prices continued to respect resistance levels and declined further.
5. Increased Buy Volumes - January 18, 11:00 UTC
Main Direction: Buy
Opening Price: $0.026342 | Closing Price: $0.026624
Confirmation: Subsequent price action upheld the bullish move, rising toward $0.027213. This pattern was instrumental in identifying a shift in sentiment, with buyers reclaiming control after a prolonged sell-off.
Key Takeaways for Investors
Patterns like the VSA Buy Pattern 2nd consistently highlighted key turning points, offering valuable entry points.
Noise events such as "Increased Sell Volumes" underline the importance of trigger confirmation in trading decisions.
The roadmap demonstrates how aligning with confirmed patterns can improve forecasting accuracy and trading confidence.
VELOUSDT's historical patterns showcase the critical role of precise analysis in navigating market volatility. Ready to capture the next move? Follow the roadmap and take control of your trading game!
Technical & Price Action Analysis
Support Levels:
0.026136 – This level has been tested multiple times and shows solid buyer interest. If it breaks, expect it to flip into resistance, paving the way for lower action.
0.029519 – Another critical support zone. If buyers fail to hold this, sellers will likely push through, making it a tough ceiling on the next retest.
Powerful Support Levels:
0.037063 – This is the fortress for bulls. A breakdown here signals a significant shift in sentiment, with the level becoming a prime resistance to watch.
Resistance Levels:
0.034017 – This area has capped recent upside moves. If bulls can break and close above, it could signal a trend reversal. Otherwise, it’ll remain a tough nut to crack.
0.036148 – Another ceiling for the price. Watch how price reacts here; failure to break will likely lead to another round of selling pressure.
Powerful Resistance Levels:
0.013717 – Key battleground for sellers. A clear rejection here strengthens the bearish case. A break could open the floodgates for further bullish momentum.
0.011988 – Strong historical resistance; a failure to close above this confirms seller dominance, turning it into a high-confidence short zone.
0.010637 – This level acts as a line in the sand. A breakthrough could ignite new buying interest, but until then, it’s a key roadblock.
0.00956 – Bottom-line resistance. If bulls can’t clear this, the bears will likely dominate the near-term price action.
Failure to respect these levels can quickly flip them into critical zones for the opposite side of the trade. Stay nimble and keep your risk tight—the market’s watching, and so should you.
Concept of Rays: Trading Strategies Based on Dynamic Levels
Core Idea
My proprietary analysis method revolves around "Rays from the Beginning of Movement," constructed using Fibonacci mathematical and geometric principles. These rays form a system of dynamic levels to predict asset movements, emphasizing interactions rather than static levels. By analyzing price interaction with these rays, traders can infer scenarios of reversal or continuation—but only after confirming dynamic factors and patterns.
Why Specific Levels Are Not Predictable
Financial markets are complex, nonlinear systems influenced by numerous variables such as liquidity, market sentiment, and macroeconomic forces. Instead of pinpointing exact levels, we focus on probabilities at pre-determined zones. Rays provide key insights into the direction and intensity of price movements when these zones are engaged.
How Rays Work
Fibonacci Rays: Each ray aligns with significant angles derived from natural proportions and is anchored at the origin of movement.
Primary Advantage: Unlike traditional methods, rays are constructed from the movement’s starting point, enabling precise adjustments for new trends or corrections.
Adaptability: Rays dynamically adjust with emerging patterns, offering fresh insights into movement boundaries.
Ascending and Descending Rays: These define the movement channel’s limits and highlight interaction zones for potential entries.
Optimistic Scenario
If the price reacts positively to support levels, we expect movement along ascending rays to achieve successive targets:
First Target: $0.026136 (Resistance Level 1)—Price interaction suggests continued bullish momentum after breaking through.
Second Target: $0.029519—A key resistance zone where price momentum will likely face its next challenge.
Third Target: $0.034017—Major resistance that aligns with the upper boundary of dynamic rays and Moving Averages.
Pessimistic Scenario
If the price fails at resistance and interacts negatively with descending rays:
First Target: $0.02188 (Current Price Level)—A probable retest of support.
Second Target: $0.011988—Dynamic interaction with powerful support, marking a critical zone to evaluate bearish persistence.
Third Target: $0.00956—Final support level where sellers may dominate before potential consolidation.
Dynamic Factors
Moving Averages—Levels at MA50 ($0.02873) and MA100 ($0.03257) act as additional dynamic resistance points. Interaction here confirms strength or weakness.
VSA Rays—Key zones on the chart interact with Volume Spread Analysis rays to offer enhanced clarity. Price moves between rays, using each as a potential stepping stone.
Proposed Trades
Trade 1: Long Position from $0.026136 to $0.029519—Enter on interaction with ascending ray and confirmation of bullish momentum.
Trade 2: Short Position from $0.034017 to $0.02188—Triggered by rejection from upper resistance and descending ray.
Trade 3: Long Position from $0.011988 to $0.026136—A high-probability reversal from powerful support.
Trade 4: Short Position from $0.029519 to $0.011988—Dynamic resistance at MA100 confirms bearish continuation.
Price movement along these rays allows traders to predict targets confidently. The beauty of this method lies in its flexibility and reliance on real-time interaction, ensuring adaptability in any market scenario.
Got questions? Let’s discuss! Drop your thoughts and queries in the comments below—I’ll be happy to clarify or dive deeper into the analysis. Don’t forget to hit Boost and save this idea to revisit it later and see how the price follows the roadmap. Tracking key levels and reactions is the cornerstone of trading success.
By the way, my proprietary indicator automatically plots all the rays and levels you see here. It’s available privately, so if you’re interested, feel free to message me directly to learn more.
Need analysis for a specific asset? I’ve got you covered! I’m open to creating detailed markups—some I can share publicly, and others can be tailored exclusively for you. Whether it’s a broad market idea or a private strategy, let’s connect and find a solution that works for you.
Remember, these rays work across all assets, guiding price movements with uncanny precision. If you have assets you’d like analyzed, give this post a Boost and mention them in the comments—I’ll do my best to include them in future updates.
Finally, don’t miss out on more insights and strategies! Hit follow here on TradingView to stay updated with all my latest ideas and detailed analyses. Let’s navigate the markets together!
BAL ANALYSIS📊 #BAL Analysis
✅There is a formation of Descending Channel Pattern in weekly chart. Currently #BAL is in bearish way.
After a breakout of the pattern and major resistance level we would see a bullish momentum otherwise the price will drop more 🧐
👀Current Price: $2.750
⚡️What to do ?
👀Keep an eye on #BAL price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#BAL #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR