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Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot and could fall to the 1st support level which is a pullback support. Pivot: 56,868.43 1st Support: 51,276.67 1st Resistance: 59,440.64 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.
ICMARKETS:BTCUSDShort
by ICmarkets
zkSync Fresh L2 coin for ETH. 458 million $ investment by fundsLogarithm. Time frame 1 day. Since the coin is fresh (people sell freebies), and it was recently listed, if the market will be dominated by a downtrend until October, a downtrend channel will be formed in case of a break of the key support. _____________________________________ Most importantly: 1️⃣ There was aerdrop manipulation , the community got a very small % of the promised coins, which is in the hands of developers and crypto funds (after shaking out now, there will be full control over the price). 2️⃣ It is worth noting that crypto funds “invested” (with speculative interest) 458 million dollars in the asset. Which is an absolute record. The first and second are extremely positive for the maximum prices of the asset in the cycle in the future. Consequently, the asset is interesting for investment and position trading, and it does not matter what will happen now locally for a couple of months. Work from the average buy/sell price. ____________________________________ The chart shows the key resistance levels for the first significant pumping after the trend break, as well as the maximum distribution zone targets of this cycle. The price potential will be “unlocked” similarly naturally not now, but when the solution will be implemented, there will be media PR, smart money will partially “exit” from the asset. The potential is naturally great, it is shown, who is attentive. Let me remind you, L2 is a solution for scaling the ETH network. When this is implemented and PR'd and ETH is in its first distribution zone, then pump in similar small capitalization assets. __________________________________ Work from the average price of purchases , so in the future sales and no minimums and maximums (even if you are sure that you know and understand how “exactly” it will be, I note that most people who do everything by reverse think so), as this is the fate of true hamsters. At the same time, you need to understand the zones where it is cheap and where it is expensive, and what the general trend in the market is developing. ⏰ Profit from the local game (not necessarily to work this way) is not big (you “spin the volume” part of the allocated money to a certain zone of the asset - work). But, such local work gives you to overcome fear, because you always have money to increase coins. ⚠️ Do not abuse stop loss , where it is not necessary, because everything will be taken away on the “flat place”. ⚠️ Prefer spot trading , which forgives elementary mistakes, if you are not a very good trader. With margin and futures, your risk must be justified. If you are a ludomaniac (most sick people won't admit it, maybe you are one/one of them) then leave this high risk trading. 🐹 Psychology . If, you feel that you, like everyone else, will do, when not necessary under psychological pressure and news some not logical bullshit, it is better not to trade at all, and invest. “Hold” coins for a couple months, dividing the amount of the entry into 2-3 parts. When the market is distributed, you will sell with a big profit. Maximum targets (not necessarily, as depends on a lot of factors), is the zone 0,6 - 1 dollar.
by SpartaBTC
4
Could Bitcoin reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support. Pivot: 67,019.71 1st Support: 63,519.90 1st Resistance: 69,419.07 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.
ICMARKETS:BTCUSDShort
by ICmarkets
Could price reverse from here?Bitcoin (BTC/USD) is falling towards the pivot, which has been identified as an overlap support and could reverse to the 1st resistance which is a pullback resistance. Pivot: 63,359.63 1st Support: 61,477.03 1st Resistance: 65,878.60 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.
ICMARKETS:BTCUSDLong
by ICmarkets
Bearish drop?The Bitcoin )BTC/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 67,443.01 1st Support: 64,367.22 1st Resistance: 69,696.83 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.
ICMARKETS:BTCUSDShort
by ICmarkets
Phemex Analysis #10: Solana - Blinks, ETF, and a 60% Surge! The recent surge in PHEMEX:SOLUSDT.P (SOL) price, fueled by the buzz surrounding its "Blinks" feature and speculation surrounding a potential Solana ETF launch, has drawn significant attention from the market. As we analyze the current price action, it's crucial to understand the key resistance and support levels that could shape SOL's future trajectory. Market Context: ETF Speculation: The anticipation of a Solana ETF, following the recent launch of Bitcoin and Ethereum ETFs, has injected a sense of optimism into the market. This speculation has contributed to the recent price surge. Blinks Feature: The introduction of Solana's "Blinks" feature, a novel technology for faster and more efficient transactions, has generated significant buzz on social media platforms like X (formerly Twitter). This positive sentiment has likely played a role in the recent price gains. Technical Analysis: Resistance: SOL's price has encountered resistance around the $205-$210 level. This resistance zone represents a significant psychological barrier and could potentially cap further upside movement. Support: A strong support level has been established at the $120-$110 range. This level represents a key area where buyers are likely to step in and prevent further price declines. Possible Scenarios: Bullish Breakout: A breakout above the $210 resistance level, accompanied by high trading volume, would signal a strong bullish sentiment. This scenario could potentially lead to a significant price rally, particularly if the overall market sentiment remains positive. Strong Rejection at $210: If the price encounters strong selling pressure at the $210 resistance level, it could trigger a retracement towards the $130 or even the $110 support levels. This scenario could present a buying opportunity for investors who believe in SOL's long-term potential, as the price consolidates around these support levels. Conclusion: The recent surge in SOL's price has been driven by a combination of factors, including ETF speculation and the excitement surrounding the "Blinks" feature. While the current price action is bullish, it's important to recognize the potential resistance and support levels that could influence future price movements. Investors should carefully consider these technical factors and the broader market sentiment before making any trading decisions. Note: Have you tried buying crypto on Phemex yet? We support 30+ payment methods, 60+ fiat currencies, and 10+ cryptocurrencies. There's definitely one that suits you! 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.
by Phemex
Could price reverse from here?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 3,387.81 1st Support: 3,185.17 1st Resistance: 3,519.30 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.
ICMARKETS:ETHUSDShort
by ICmarkets
ADA/USD secondary trend. Wedge. Mirror level.Local trading situation. A wedge is being formed. The price is at its resistance. Local targets in case of a breakout, as well as in case of further formation of a wedge in the zone of previous accumulation (redistribution is more correct). It is also worth noting that the price is also near the accumulation - redistribution range (the average price of the set is highlighted in green). This redistribution zone is accumulation on a larger scale of the chart Main trend. 1 month ADA/USD Main trend
Long
by SpartaBTC
5
$CFX loadingAn inverse head and shoulders is a chart pattern used in technical analysis to identify potential bullish reversals in a downtrend. It consists of three parts: two shoulders and a head in between them. Here’s how you can trade the inverse head and shoulders pattern: ### Identification 1. **Left Shoulder**: The price declines to a new low, then rises. 2. **Head**: The price declines again, forming a lower low than the left shoulder, then rises. 3. **Right Shoulder**: The price declines once more, but not as low as the head, then rises. 4. **Neckline**: Draw a line connecting the peaks between the left shoulder, head, and right shoulder. This line is called the neckline. ### Trading Steps 1. **Confirmation**: - The pattern is confirmed when the price breaks above the neckline. Wait for a close above the neckline to confirm the breakout. 2. **Entry**: - Enter a long position (buy) once the price closes above the neckline. Conservative traders might wait for a retest of the neckline as support. 3. **Stop Loss**: - Place a stop loss below the lowest point of the right shoulder to minimize risk. 4. **Target Price**: - Measure the distance from the head to the neckline. Add this distance to the breakout point to set your target price. ### Example 1. **Identification**: Suppose the price forms the left shoulder at $40, drops to $30 to form the head, rises back to $35, then drops to $32 to form the right shoulder, and the peaks between these are at $35 and $34. 2. **Neckline**: Draw a line connecting $35 and $34. This is your neckline. 3. **Confirmation**: Wait for the price to break above the neckline (say at $34.50). 4. **Entry**: Enter a long position at $34.50. 5. **Stop Loss**: Place a stop loss slightly below $32 (the right shoulder low), e.g., at $31.50. 6. **Target Price**: The distance from the head ($30) to the neckline ($34) is $4. Add this to the breakout point ($34.50) to get a target price of $38.50. ### Tips - **Volume**: Look for increasing volume on the breakout above the neckline. This adds confirmation to the pattern. - **Risk Management**: Always use stop losses and consider your risk-reward ratio before entering a trade. - **Retests**: Sometimes, the price might retest the neckline after breaking out. This can be an additional entry point. ### Conclusion Trading the inverse head and shoulders pattern involves identifying the pattern, waiting for confirmation, entering at the right point, and managing risk with stop losses and profit targets. Always practice with paper trading or a demo account before using real money.
Long
by Crypto-Adda_Official
4
OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend. It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break. Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future. Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million. Secondary trend Time frame 3 days
Long
by SpartaBTC
2
OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024OP/USDT Secondary trend. Wedge. Pivot zones. 27 07 2024 Logarithm. Time frame 3 days. A descending wedge is forming. The price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. The reaction in this resistance zone will determine the trend for the near future. On the chart, I have specifically shown the minimum percentages of the two key reversal zones for the trend to local resistance levels, for the potential of option A and B. Major trend. OP/USDT Major trend. 07 2024 Time frame 1 week.
Long
by SpartaBTC
1
Potential bullish bounce?Ethereum (ETH/USD) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 3,068.18 1st Support: 2,879.57 1st Resistance: 3,373.99 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.
ICMARKETS:ETHUSDLong
by ICmarkets
1
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.
ICMARKETS:BTCUSDLong
by ICmarkets
ETH’s influence on ERC20 products like YFIInfluence on ERC20 Products ETH’s influence on ERC20 products like YFI can be seen in several ways: Liquidity: ETH’s large market capitalization and liquidity provide a foundation for ERC20 tokens like YFI to tap into, enabling efficient and reliable transactions. Smart Contract Interoperability: ETH’s presence ensures that smart contracts, including those for ERC20 tokens like YFI, can interact seamlessly with each other and with the broader Ethereum ecosystem. Developer Adoption: ETH’s widespread adoption and established developer ecosystem encourage the creation and development of new ERC20 tokens, including DeFi protocols like YFI, which in turn benefits from ETH’s infrastructure. In summary, ETH’s influence on ERC20 products like YFI is indirect yet significant, providing a stable and liquid foundation for the Ethereum ecosystem and enabling the development and growth of #DeFi protocols like #Yearn.finance.
Long
by Victor_Ledney
ARB/USDT Main trend. Pivot Points.Main trend. There is a lot of hype on this cryptocurrency in the Internet space. Although according to the graph especially profit in comparison with other similar HYIP altcoins is not. Take into account and “prices” and volume, at which this cryptocurrency got to the so-called early “investors”. Secondary trend . Medium-term, the price is in an ascending channel. Locally at this moment in time the price is at the horizontal consolidation of the local distribution. If the price does not break and consolidate above the resistance of 1.75, a downward flag to the lower boundary of the ascending channel may be realized. Razloki and price . Note that there was an understandable decline during the last local breakout. The next breakout will occur on 04/16/2024, which is a few days before the bitcoin halving. It is very likely that there will be a decline. The main support zones are highlighted in gray. Also, specially drawn a simple fan, so that were clear visually dynamic support and resistance zones of the most developing trend in the future, when the price will leave the channel zone. Local trading situation. Clearly on the linear. The marker shows the logic and percentages of this important local reversal zone, in case of its breakout or not. Also, the meridian of the channel (green dotted line) has local resistance. Although insignificant in this trading situation. Observe risk management working with HYIP cryptocurrencies.
by SpartaBTC
2
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.
ICMARKETS:ETHUSDLong
by ICmarkets
1