COTIUSDT => Uptrend posibilityPrice Action and Trend: We observe that the price has exited a long-term downtrend and entered an upward channel. The yellow downtrend line indicates that the price has broken this trend and started to rise.
Support and Resistance Levels: There are several important resistance levels marked with red lines on the chart:
0.16873
0.14700
0.12527
0.08906
The support level marked with a green line is at 0.10158.
Target Price and Potential Gain: The blue box and arrow indicate the potential for the price to reach the 0.12527 level. This represents an increase of 0.04543 (or 44.72%) from the current level (0.11223).
Price Channels: We see that the price is moving within an upward channel marked in blue. This channel is used to define the boundaries of the upward movement of the price.
Overall, the chart shows that COTI has recovered from an important support level and has the potential to move towards certain resistance levels. Such technical analyses can be important decision-making tools for investors.
Cryptocurrencysignals
BTC =>PO3 possibilityOverview of the Chart
Timeframe: 1-hour (1h) candles
Exchange: BINANCE
Pair: BTC/USDT
Current Price: Approximately 65,960 USDT
Volume: 444.1
Key Chart Elements
Support and Resistance Levels:
Resistance Levels:
Around 67,128 USDT
Around 67,534 USDT
Around 68,542 USDT
Around 70,000 USDT (psychological level)
Support Levels:
65,698 USDT
64,748 USDT
64,513 USDT
63,485 USDT
Indicators:
Relative Strength Index (RSI):
Current RSI value around 50.24, indicating neutral momentum.
MACD (Moving Average Convergence Divergence):
Indicates bearish crossover, suggesting downward momentum.
Volume Profile:
Volume seems to have increased recently, indicating higher trading activity.
Candlestick Patterns:
Recent candles show a bearish trend, with a notable drop in the price to the current level.
Observations and Potential Scenarios
Bearish Scenario:
If the price breaks below the current support at 65,698 USDT, the next potential support is at 64,748 USDT.
The Ichimoku cloud and the stochastic oscillator indicate further downside potential.
Bullish Scenario:
If the price can hold above the support and move back above the 66,363 USDT resistance (purple moving average), it might aim for the next resistance at 67,128 USDT.
RSI near neutral suggests there is room for an upward move if momentum shifts.
Neutral/Balanced Scenario:
Price might consolidate between 65,698 USDT and 66,363 USDT in the short term before deciding the next major move.
Conclusion
The chart suggests Bitcoin is currently in a critical zone, with a balance of bearish and bullish indicators. Close attention should be paid to the support at 65,698 USDT and resistance at 66,363 USDT. A break below or above these levels could indicate the next significant price movement.
It's important to use this analysis in conjunction with other information and market conditions to make informed trading decisions.
DOGEUSD No time left! If you want to BUY do it NOW!Dogecoin (DOGEUSD) has been filling out our July 24 2023 call (see chart below) with impressive precision so far as after 6 months of sideways trading within the Cycle's Accumulation Phase, it posted the Bull Flag that typically precedes the parabolic rally:
Technically this implies that there is little (if any) time left before DOGE starts its aggressive rally phase where traditionally it doesn't offer many opportunities to catch it. The Sine Waves that accurately grasp the Cycle's Top, show that the coin will be entering its Peak Phase at the start of next year and may last until May 2025.
In any event, back to today, with the 1W MA100 (green trend-line) holding this month, the Bull Flag is about to break upwards and our Target remains the 0.786 Fibonacci level of the Fib Channel at 2.000. An overextension Target for those who wish to leave some coins running, can be 6.000, right at the top of the pattern.
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ETHEREUM ETFs are live! Is a new era of growth emerging?United States Ether exchange-traded funds (ETFs) posted net inflows of $106.6 million on their first day of trading. Ethereum (ETHUSD) saw the massive inflows led by BlackRock, Bitwise and Fidelity overcome the outflows from Grayscale and that may have set the tone of a new ear of growth for the market.
Much like Bitcoin's ETF launch back in January, ETH may see a similar rally that can finally take it past its All Time High (ATH). As you can see on this 1W time-frame chart, the post BTC ETD approval rally on January led to March's High. Another such Leg can see ETH past $5000 by September.
Apart from the undoubtedly great ETF news, this chart shows Ethereum's cyclical behavior, and as you can see, relative to the previous Cycle, its upside potential rests a little above the 1.5 Fibonacci extension level. That was the spot where the November 2021 ATH was priced. Our long-term Target range remains $10000 - $12000.
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Potential bullish rise?Bitcoin (BTC/USD) is currently reacting off the pivot which acts as an overlap support and could rise to the pullback resistance.
Pivot: 65,748.52
1st Support: 63,514.38
1st Resistance: 68,348.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN Global liquidity sending a major rally signal.This is not the first time we associate Bitcoin (BTCUSD) with our unique Global Liquidity (GL) metric (orange trend-line) and it will certainly not be the last. We are just making a highly critical update as GL is rebounding after April's Higher Low.
At the same time, BTC is testing for the 5th month its ATH trend-line (has technically broken it, so we can't be talking about a rejection) and every time these two parameters have taken place in past Cycles, the price started the parabolic rally phase. As the Sine Waves very illustratively shows us, this happens every 1400 days and on August we complete this condition.
Can this be the final warning to buy? Feel free to let us know in the comments section below!
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Bullish breakout?ETH/USD is reacting off the pivot which acts as a pullback resistance level and could potentially breakout to the pullback resistance.
Pivot: 3,530.53
1st Support: 3,375.84
1st Resistance: 3,709.39
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN Bull Flag ready to do its job.Bitcoin (BTCUSD) is approaching the top of the 4-month Bull Flag pattern and is technically ready to break above it. When it does, expect a parabolic break-out as this will be a bullish structure within a long-term Channel Up (blue) breaking above the All Time High (ATH) trend-line.
** Bull Flags are a norm **
Similar Bull Flags that broke above the exact same level in previous Bull Cycles, started exactly what we expect: the Cycle's Parabolic Rally. In fact, you can see on this 1W chart that the Channel Up patterns that started at Cycle bottoms and reached the ATH, all had a number of Bull Flag structures similar to the current one, that were nothing more than short-term Channel Downs. And those Channel Down patterns are what usually scare short-term investors/ traders away and force them into making hasty decisions.
** Sine Waves and Cycle's Top **
In our opinion the recent correction changes nothing and as the chart shows, BTC is well within its Bull Cycle. The Sine Waves indicated that we may be another 11-12 months before the Cycle's Top. Since the previous Cycle Top 'only' reached the 0.786 Fibonacci retracement level of the Fib Channel Up, we could expect this time to go as high as the 0.5 Fib (deceleration), possibly the Theory of Diminishing Returns kicking in. Still the Target may be at $200000 at least.
So what do you think? Is this just a Bull Flag ready to do its job and push Bitcoin to 100k and beyond? Feel free to let us know in the comments section below!
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ZEC LONG PlanZEC HTF Analysis
Swing Long Trade, Spot Buy
Weekly Liquidity Sweep: External - Bottom
Daily Swing High Liquidity Sweep: Internal - Top
We can take a long entry on retracement in the Displacement + Discount zone (fib OTE level). For reference, entry, SL, DCA, and TP levels are marked on the chart.
#DoYourOwnResearch
Falling towards 38.2% Fibonacci support?Bitcoin (BTC/USD) is falling towards the pivot which acts as a pullback support and could bounce from this level to the 1st resistance which has been identified as a pullback resistance.
Pivot: 62,448.15
1st Support: 60,991.38
1st Resistance: 65,758.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN above the 1D MA50 after 1 month!Bitcoin (BTCUSD) broke yesterday above its 1D MA50 (blue trend-line) for the first time after 1 month (since June 18). It even closed the 1D candle above it, showcasing enormous buying pressure on the short-term.
That is within the 4-month Channel Down pattern, whose 3rd Bullish Leg started after bottoming (Lower Low) on July 05. The 1st Bullish Leg was +24.30%, the second was +27.30% (3% higher), so assuming this is a progression, we can expect the current Bullish Leg to be +30.30%.
We are aiming for $69500, slightly below the +30.30% mark. We will have a long-term bullish confirmation once BTC breaks above March's Resistance Zone.
Do you think it will? Feel free to let us know in the comments section below!
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VETUSDTAs shown in the picture, the V-Chain factor was in a very deep correction from March 2021 to today. June 26, 2024, and then the price took off from the 0.012 levels with five very clear impulse waves. To the 0.05 levels and then. Then it made a correct triple ABC, as shown in the picture. And the fourth wave test returned, which forms a very strong support. With this currency? In light of this data, we entered the purchase of this currency from 0.02 by targeting the previous peak at 0.05, and by breaking it, the targets may extend to 0.09. From there, we may target 0.11 cents for this currency. Good luck to everyone, and if you have any questions, do not forget to leave them in the comments.
Bearish reversal?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse from this level to the overlap support.
Pivot: 3,277.65
1st Support: 3,064.76
1st Resistance: 3,357.92
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN A 'game' of angles...This isn't the first time we post this chart on Bitcoin (BTCUSD) and the relevance that its Cyclical Angles have but it is an added step with its RSI and phases.
We are on the 1W time-frame where as you can see every Cycle has been so far approximately 10 degrees (°) less than the previous one from top to bottom. The 1st Cycle (2012 - 2013) was 54°, the 2nd (2015 - 2017) was 42° and the 3rd (2019 - 2021) was 30°. Based on this progressive sequence, we can expect the current one to top at around 20° from the bottom.
Even though the price is on a declining angle rate, the 1W RSI is remarkably stable. As you can see, every Bull Cycle is around 25°, so there is no reason to expect the current one to diverge from this. This way when the RSI tops, we will now when to sell and sit back with the profits until the next Bear Cycle bottom.
On top of all the above, we see that according to the Bull Cycle phases classification, Bitcoin is still within its Accumulation Phase (blue Rectangle), so we haven't yet seen its most aggressive part, the Take-off Phase (orange).
But what do you think? Are we about to see that parabolic rally of the Take-off Phase and if so, is this 'Angle' analysis accurate at predicting when to take profit? Feel free to let us know in the comments section below!
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Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot which has been identified as an overlap resistance and could fall to the pullback support.
Pivot: 59,322.72
1st Support: 54,314.81
1st Resistance: 61,694.13
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
STXUSD Bottomed is in. Expect $10.00 by early 2025.Stacks (STXUSD) has been trading within a long-term Channel Up pattern since the December 30 2022 Low and is currently on the 2nd Bearish Leg of this pattern. Being below the 1D MA50 (blue trend-line), it is approaching the Channel's bottom.
The previous Bearish Leg formed the Higher Low sideways, so it is possible to replicate this structure and confirmed the new Bullish Leg after it broke above the 1D MA100 (green trend-line). Note that STX priced its Higher Low on the first decline after the formation of a 1D Death Cross and we are currently past that on the new Bearish Leg.
As a result, with the 1D MACD also printing the same bottom sequence as the previous Leg, we turn bullish again, targeting 10.00, which just below the 2.0 Fibonacci extension (similar to the previous Bullish Leg) exactly at the top of the Channel Up.
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Could ETH/USD bounce from here?Price is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
pivot: 3,065.70
1st Support: 2,877.70
1st Resistance: 3,273.35
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN The 4 year Cycle of June - September..Bitcoin (BTCUSD) revisited last week more than 4-month lows and the market is again in anxiety. Righfully so but a quick look on the 4-year Cycles and what BTC has down throughout the June - September period, puts every thing again back into context.
As you can see those Jun - Sep periods of 2020, 2016 and 2012 have mostly been bullish with one correction under their belt on all three of them. More specifically, July has initiated rallies on all occasions but only 2016 saw a stronger correction and Lower Low after it.
On the current Jun - Sep period (2024), we've already made a Lower Low relative to May 01, so it is less likely to see a new one but of course it is possible. In any event, the 1W MA50 (red trend-line) should technically support. As a result, the current levels for Bitcoin seem cyclically to be low risk buy entries especially on a DCA approach.
But what do you think? Will BTC make another Lower Low and replicate 2016? Feel free to let us know in the comments section below!
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