$LOOM looks clean… Breakout … Breakout
Trading trend line breakouts can be a profitable strategy if done correctly. Here's a general guide on how to trade trend line breakouts:
Identify a Trend : The first step is to identify a clear trend in the market. Trends can be upward (bullish), downward (bearish), or sideways (neutral). Draw your trend line connecting the lows in an uptrend or highs in a downtrend.
Confirm the Trend Line : Ensure that your trend line touches at least two significant points (lows or highs) to confirm its validity. The more times it touches, the stronger the trend line.
Wait for Breakout Confirmation : A breakout occurs when the price breaches the trend line. However, it's essential to wait for confirmation before entering a trade. You can confirm a breakout by seeing the price close convincingly above (in case of an uptrend) or below (in case of a downtrend) the trend line.
Consider Volume : Ideally, you want to see the breakout accompanied by increased volume, indicating strong market participation and confirming the validity of the move.
Set Entry and Stop-loss Levels : Once you confirm the breakout, set your entry point slightly above the trend line (in case of an uptrend) or below the trend line (in case of a downtrend). Additionally, set a stop-loss order to manage risk. You can place the stop-loss order just below (for long positions) or above (for short positions) the breakout point.
Cryptolevels
FILUSDT Analysis - Waiting for a Price Decline to 4.97 USDTOverview:
On the FILUSDT chart, a downtrend is observed, with a key support identified around the 4.97 USDT level, as depicted in the green zone on the chart.
Recommendation:
It is advisable to await a price decline to the support zone at 4.97 USDT before considering a buying position. This zone appears to be a significant support level, and price history suggests rebounds are common from this level.
Key Points:
Support Zone: The green zone indicates a key support level at 4.97 USDT.
Buying Position: Consider a buying position once the price reaches the support zone at 4.97 USDT.
Stop Loss: Use a tight stop loss to manage risk in case of unexpected movements.
Risks: Avoid entering a buying position at the 5.14 USDT level, as this could entail higher risks based on technical analysis.
Advice:
Be vigilant and patient. Wait for confirmation of the price decline to 4.97 USDT before making a buying decision. Utilize tools such as momentum indicators and candlestick patterns to refine your entry.
Note: This analysis is based on historical data and past trends; markets can evolve, and it's essential to monitor real-time developments.
AIUSDT Potential BYBIT:AIUSDT.P
So this new AI chart seems to be working quite well and for that reason i have charted out a little play.. would be ideal to come back down to the 1.07 mark to catch that nice bottom mark. Lets see what happens, ill be putting on a 1:5 swing if this is the case.
LONG SIGNAL MAGIC 1HHello dear traders
In MAGIC currency, there is a high potential range to buy
Be careful that the general trend is downward and we should take a long correction from this position
Unlike all friends who only analyze, I put a position for you and give you a direct signal
I hope it closes with a profit and you don't forget risk free
Thank you for your cooperation
Long Entry LUNCHere we have a setup for a Long on LUNC
Stop Loss is at the previous swing low.
TP points are labeled by the red lines, which also coincide with major Fibonacci levels.
Risking 2% of my account with 10x leverage.
XRP - 20.000% RallyHello Traders, welcome to today's analysis of XRP.
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Explanation of my video analysis:
After XRP has been trading in a triangle formation for over four years, we saw an expected breakout in 2017 followed by a rally of +25.000%. Exactly five years ago XRP then started forming a similar triangle (continuation) pattern and if we see a breakout towards the upside and a break above the resistance mentioned in the analysis, we could maybe see a similar rally.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
LITAMEX:LIT 's price chart indicates potential growth. A breakout above the marked blue zone, especially around $0.850, could signal a good entry point. It's essential to use a stop-loss for risk management.
Everything is on the chart.
ATOM#ATOM appears promising if it can overcome the significant resistance at $9.35. Waiting for a breakout above the trend line could further improve the outlook. Remember always use stop-loss
ETC Price ChartThe price chart for Ethereum Classic BME:ETC appears promising. Once it confirms a breakout from the marked blue zone, it could signal a good entry point. It's essential to use a stop-loss for risk management.
Everything is on the chart
Bitcoin Update | Alt Coin Update | Crypto Update | 01 Feb 2024Check the latest update on Bitcoin , ETH and Alt Coins
BTC 24H & 7D Forecast - Very Bullish 🌞 Is It Too Late to Buy? Cryptocurrencies had wind in their sails over the past 24 hours with investors continuing to pour money into crypto assets. The price of Bitcoin rose to a one-month high, trading 4 percent higher at roughly 46,350 US dollars over the past 24 hours.
This upward trend is due to a combination of factors: inflows into the nine spot Bitcoin exchange traded funds (ETFs) approved a month ago were, for instance, the third highest since their launch on Jan 11 – 403 million dollars. Turmoil in the US regional bank sector drives investors from traditional banking to crypto, viewed as a safe haven. The start of the Chinese New Year tomorrow Saturday is also believed to be a supporting factor.
Additional upside potential ahead for Bitcoin, Ether and Binance Coin in the next 24 hours and over a one-week horizon, according to ATTMO’s forecasts. This bullish sun will also shine over Ripple’s XRP, Polygon and Chainlink.
However, Cardano, Polkadot and Avalanche will face bearish clouds and downside risks in the coming 24 hours. Over a one-week horizon, Litecoin and Dogecoin will also be subject to bearish trading conditions.
Follow us for more crypto weather reports!
XRP Bearish ☁️ Over the Next WeekEarlier this week, a New York court ruled that Ripple Labs must make its financial statements for 2022-2023, as well as other documents requested by the Securities and Exchange Commission (SEC) public by Feb 12. Ripple has now asked the judge to extend this deadline by eight days to Feb 20, court documents show. The SEC has accepted this request.
The price of XRP increased 2.2 percent to 51 cents over the past 24 hours.
ATTMO shows that Ripple’s XRP, Avalanche and Polkadot will face bearish clouds and downside risk in the short-term and medium-term horizon. However, a bullish sun will shine over Bitcoin, Ether, Binance Coin and Cardano in the next 24 hours and week, signaling upside potential.
Follow us for more crypto weather reports!
BTC BREAK VOLUME POSSIBLITY 44.5K TRENDThank you for reading this update.
Until this moment BTC has been in an uptrend, since the new uptrend that started below 40K trend wick. as this chart shows:
The coming time is important for BTC, and we will follow with the trend updates if BTC can get to THE BREAK VOLUME which will be able to break BTC to up 44.5K as the chart shows.
This is not a trading advice.
BIGTIME Long$BIGTIME ready for that breakout from 0.396 level, after an impulse wave. It's currently aiming for the Gap above current Resistance, that will probably cause it to reach 0.45 followed by another correction.
TRX-USDT / 4H / TECHNICAL ANALYSISBINANCE:TRXUSDT I have set the resistance at 0.13017, support at 0.09559, and the daily pivot point at 0.10475 for TRXUSDT. My target is 0.12308, and this target remains valid as long as the trend line is not broken.
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Chromia CHR Coin Price Prediction🔥 Price on the 4H chart might come at these support area and we might get a potential bounce🔥
Potential bounce areas for Buying 0.2875 and 0.2464
👉 Follow me for More Real Time Opportunities.
Share your Thoughts if you have any?
MULTI/USDT BINANCE:MULTIUSDT
This idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 0.5% on deposit
- R/R 1/2
P.S ( This is not an investment recommendation, this is my personal opinion .
Title: SUI/USDT: Bearish Signals Emerge - Ending Diagonal PatterTitle: SUI/USDT: Bearish Signals Emerge - Ending Diagonal Pattern and MACD Divergence
Overview:
SUI/USDT is currently displaying clear bearish signals, suggesting a potential reversal in the near term. Two key factors contribute to this bearish outlook - the formation of an ending diagonal pattern and the emergence of a bearish divergence on the MACD indicator.
Technical Analysis:
Ending Diagonal Pattern:
SUI/USDT is exhibiting the characteristics of an ending diagonal pattern, a reversal pattern typically signaling the end of an uptrend.
The converging trendlines of the diagonal suggest diminishing buying interest, with a higher likelihood of a bearish reversal.
MACD Bearish Divergence:
The MACD indicator is showing a bearish divergence, where the price is making higher highs, but the MACD is making lower highs.
This divergence implies a weakening bullish momentum, often preceding a potential trend reversal.
Trade Setup:
Cautious Approach: Given the bearish signals, a cautious stance is recommended for traders.
Short Entry: Consider shorting SUI/USDT on a confirmed breakdown from the ending diagonal pattern or a breach of a key support level.
Stop-Loss: Place a stop-loss above the recent swing high or a level that aligns with your risk tolerance.
Take Profit: Identify potential support zones or Fibonacci retracement levels as profit-taking targets.
Risk Management:
Always employ proper risk management strategies, ensuring that potential losses are controlled and do not exceed predetermined levels.
Stay informed about upcoming events or announcements that may impact SUI/USDT.
Cautionary Notes:
Keep a close eye on the price action and be prepared to adapt your strategy based on real-time market developments.
Be aware of potential false signals and monitor confirmatory factors alongside the technical analysis.
Conclusion:
The combination of the ending diagonal pattern and the MACD bearish divergence on SUI/USDT suggests a potential shift in market sentiment. Exercise caution and wait for confirmation before considering any trading positions. Always conduct thorough analysis and maintain a disciplined approach to risk management.
SOLANA ShortWe see Head & Shoulders pattern on Solana H4 chart, This coin had big uptrend, so now it's time to make some corrections. 83 level is the first target. Risk reward 1:3
EOS-USDT / 4H / TECHNICAL ANALYSISBINANCE:EOSUSDT "I have indicated my targets on the chart."
Like and comment if you find value in our analysis.
Feel free to post your ideas and questions at the comments section.
Good luck
Bitcoin #Bitcoin Update
For 9 weeks, the $44,000 level has proven to be a strong resistance for BTC.
FWB:PEPE FOMC CRYPTOCAP:XRP LSE:JUP SEED_DONKEYDAN_MARKET_CAP:PYTH NASDAQ:BEAM Solana
BTC ON WAY TO 43K AFTER WICK BELOW 40KSince BTC is 45K we did add the possibility that BTC can show a decrease to the 40K zone and below depending on this update.
This is not a day update, since day updates can change with the small time frame.
We see that the least volume is not a confirmed volume for the breakdown trend which means that the bulls can get more power to increase the trend back then the BTC will break down further.
We expect that BTC can reenter back to the 43K in the coming time.
There is an important level at 43.3
When there is a real interest in crashing BTC, the whales will do it depending on time frames, we don't see this interest at this moment.
There is no guarantee in the market, follow always the trend since the trend can change.
( update not trading advice)
