XLM's Correction Complete? Targeting $1.10 with Strong MomentumContext and Recent Price Action
XLM has been one of the standout performers in recent months, showcasing impressive bullish momentum:
The November Surge: Starting from $0.084 in early November, XLM skyrocketed to a peak of $0.63 by the end of the month. This remarkable 613% rally highlights intense buying pressure and growing market interest.
The Correction: Following this explosive move, XLM entered a natural consolidation phase, retracing about 40% of its gains. This correction has formed a classic ABC pattern, with the price finding support at $0.35. Such retracements are common after parabolic moves and often set the stage for the next leg higher.
The Bullish Reversal: On Friday, December 13th, XLM has begun to show signs of renewed strength. After revisiting the $0.35 low, the price has rebounded to $0.43, forming a solid bullish engulfing candle on the 6-hour timeframe. This is a strong indication that buyers are regaining control.
Outlook and Target Projection
XLM's structure suggests the corrective phase is nearing its end, paving the way for the next impulse wave. Considering the prior momentum and market conditions, a price target of $1.10 is highly probable within the next 2 weeks.
Key Levels to Monitor
Entry Point:
Current price at $0.43 provides an attractive entry zone for buyers anticipating the next move higher.
Profit Targets:
$0.65 – Retest of the November high.
$1.10 – Extended target based on historical momentum and potential wave projections.
Stop Loss:
Below $0.35 – A breach of this support would invalidate the bullish thesis and could lead to further downside exploration.
Risk-to-Reward Analysis
With the price currently at $0.43:
Downside Risk: Stop loss at $0.35 results in a risk of ~18.6%.
Upside Potential: Targeting $1.10 offers a reward of ~155%.
This gives a compelling risk-to-reward ratio of approximately 8:1.
Conclusion
XLM's recent surge, healthy correction, and current bullish signals create an excellent opportunity for traders. With clear profit targets at $0.65 and $1.10, and a well-defined stop loss at $0.35, this setup offers a strong blend of technical reliability and favorable risk-to-reward dynamics. As XLM completes its consolidation, it seems poised to resume its upward momentum.
Let me know if you’d like further refinements!
Cryptolong
XLM's Correction Complete? Targeting $1.10 with Strong MomentumContext and Recent Price Action
XLM has been one of the standout performers in recent months, showcasing impressive bullish momentum:
The November Surge: Starting from $0.084 in early November, XLM skyrocketed to a peak of $0.63 by the end of the month. This remarkable 613% rally highlights intense buying pressure and growing market interest.
The Correction: Following this explosive move, XLM entered a natural consolidation phase, retracing about 40% of its gains. This correction has formed a classic ABC pattern, with the price finding support at $0.35. Such retracements are common after parabolic moves and often set the stage for the next leg higher.
The Bullish Reversal: On Friday, December 13th, XLM has begun to show signs of renewed strength. After revisiting the $0.35 low, the price has rebounded to $0.43, forming a solid bullish engulfing candle on the 6-hour timeframe. This is a strong indication that buyers are regaining control.
Outlook and Target Projection
XLM's structure suggests the corrective phase is nearing its end, paving the way for the next impulse wave. Considering the prior momentum and market conditions, a price target of $1.10 is highly probable within the next 2 weeks.
Key Levels to Monitor
Entry Point:
Current price at $0.43 provides an attractive entry zone for buyers anticipating the next move higher.
Profit Targets:
$0.65 – Retest of the November high.
$1.10 – Extended target based on historical momentum and potential wave projections.
Stop Loss:
Below $0.35 – A breach of this support would invalidate the bullish thesis and could lead to further downside exploration.
Risk-to-Reward Analysis
With the price currently at $0.43:
Downside Risk: Stop loss at $0.35 results in a risk of ~18.6%.
Upside Potential: Targeting $1.10 offers a reward of ~155%.
This gives a compelling risk-to-reward ratio of approximately 8:1.
Conclusion
XLM's recent surge, healthy correction, and current bullish signals create an excellent opportunity for traders. With clear profit targets at $0.65 and $1.10, and a well-defined stop loss at $0.35, this setup offers a strong blend of technical reliability and favorable risk-to-reward dynamics. As XLM completes its consolidation, it seems poised to resume its upward momentum.
Let me know if you’d like further refinements!
Alikze »» POWR | Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Bullish Wave 3 or C Scenario
📣 BINANCE:POWRUSDT is moving in an ascending channel on the weekly time frame, currently in the upper area of the ascending channel.
🟢 It is currently testing the current supply area, which can continue to grow up to the specified range of 88 cents with the support of the middle of the channel and the green box.
🟢 Considering that it is in the third ascending step or C, it can break the current supply area and continue to grow as wide as the first channel to the second channel.
💎In addition, if the green box area is broken, the blue bar can act as the next support to cause demand.
⚠️If a correction occurs and the green box area is broken, the price should not enter the Invalidation LVL area, in which case the bullish scenario will be invalidated⚠️
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Alikze »» ZK | Ascending Channel - 1D🔍 Technical analysis: The scenario of wave 3 or C super cycles in the ascending channel - 1D
- It is moving in an ascending channel in the daily time frame.
- According to the momentum and bullish guard, it is currently in the middle of the channel, which can continue its rise up to the range of the supply zone if the price breaks 0.1465.
- In addition, if it faces a correction in the middle of the channel, it can face demand again in the golden zone if it returns and continue the upward trend up to the ceiling of the channel and the supply range.
💎 Alternative scenario : In addition, if it faces selling pressure in the area of 0.1465 and the correction occurs quickly, the golden area is probably broken and the correction can continue until the OB area.
💎 Possible scenario:
Therefore, if the correction occurs in a zigzag fashion, it will have the ability to grow up to the specified areas and the bullish scenario can be more likely.
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BINANCE:ZKUSDT
Alikze »» TAO | Scenario 3 or C bullish - 1D🔍 Technical analysis: Scenario 3 or C bullish - 1D
- In the analysis presented in the previous post on the daily time frame, it was noted that the BINANCE:TAOUSDT AI in the supply zone can have two movement paths.
- Considering that the movement cycle in the supply zone ended and had a correction to the green box area.
- Considering the correction in the green box area and the creation of demand in the range, therefore, the previous movement cycle can be considered as wave 1 and the correction in the green box area as wave 2.
💎So with the recent zigzag correction, the BINANCE:TAOUSDT currency can have a movement cycle in the form of wave 3 or C of the bullish super cycle.
💎Considering the behavior and structure of the movement, it is in wave 3 or C of the bullish.
⚠️ In addition, if the price touches the Invalidation LVL area, the bullish scenario is invalidated, the chart should be reviewed and updated again.⚠️
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Six Cryptos Set to Skyrocket! #CryptoScreener🚀 Six Cryptos Set to Skyrocket! 🚀 #CryptoScreener
In my latest video, I dive into 32 cryptos flagged by my #HIGHFIVESETUP screener as potential trade opportunities.
🔍 The Results? We uncovered SIX fantastic H5 trade setups that are ready to soar! Featuring: CRYPTOCAP:AVAX , CRYPTOCAP:LINK , and $BTC.
🔑 The Strategy:
Setup: Identify promising setups with our H5 screener.
Trade: Execute with precision.
Profit: Reap the rewards.
Repeat: Consistently find and act on new opportunities.
📈 Join me on this journey and see which cryptos are primed for massive moves!
Not Financial Advice
PEOPLE/USDT Long Trade on 4h Time Frame: Nearing Final TargetWe entered a long position on PEOPLE/USDT at 0.06377 on the 4th of October. The trade has progressed well, reaching TP 3 (0.08002) and now almost touching TP 4 (0.08385). A trailing stop has been set at 0.06812 to protect gains as we aim for the final target.
Target Points:
TP 1: 0.06761
TP 2: 0.07381
TP 3: 0.08002 (hit)
TP 4: 0.08385 (almost reached)
Trailing Stop: 0.06812
Stop Loss (SL): 0.06067
This trade showcases the accuracy of the Risological Swing Trader in capturing profitable setups with precision—an essential tool for future market opportunities.
We’ll continue to monitor the trade closely as it nears the final target.
Unlocking Potential: Guide to Buying SHIBUSDT on SpotIn this detailed guide, explore the intricacies of buying ShibUSDT on the spot market. We'll cover the essential strategies for timing your purchases, managing risks, and understanding market signals. As Shiba Inu continues to gain traction in the crypto community, this guide will help you navigate the volatility and make informed decisions. Whether you're looking to diversify your portfolio or ride the wave of Shiba Inu's popularity, this guide provides the tools to optimize your spot trading experience.
$BTC History Repeating?As shown in the chart, the current crypto revival and bitcoin run shows many similarities to the massive growth of 2020-2021. It has consistently been overbought on most MACD/RSI-style indicators, and in both scenarios CRYPTOCAP:BTC forged a new all-time high with very few red days. Bitcoin has currently broken down the local support, and on smaller time-frames has formed a head and shoulders pattern:
These similarities could indicate a pullback similar to the one in 2021, in the ABC elliot wave pattern, and potentially to a significant fib level. I am expecting a short push to the upside before a larger push to the downside into the $60k price range, which also happens to be the 50% retracement. This is just my opinion however, and I could be completely wrong. Good luck!
BTCUSDT, ICT Long setup, Daytrade scalpingAre you looking for a profitable trade in the forex market? You’ve come to the right place!
We have done the hard work for you and found a great opportunity to Long BTCUSDT. According to our analysis, BTCUSDT is in a downtrend on the 4H and higher timeframes, but there is a chance for a reversal soon. The price has broken below the key level of 39841 and we are expecting it to retest this level as Suppor area (see the Demand zone on the chart). If the price bounced from this level, we can enter a Long trade and target 40000 to 40250 as TP range. This would give us a nice profit of 350 points. We have also marked the other take profit levels and the stop loss on the chart for your convenience. 💰💰💰
We hope this helps you make a smart decision. But don’t forget, trading is risky and you should always do your own due diligence before placing any trades. We wish you all the best! 🍀🍀🍀
Bitcoin Elapsed Time Between Events ChartI am once again publishing this Bitcoin chart (3-day time frame) showing the entire price history, and just how closely the last two cycles matched as far as the elapsed time between events.
The reason for publishing it again is that I have added another event (when a new all-time high was hit).
I then measured the elapsed time from each bear market bottom to when a new all-time high was hit. Once again, I was amazed how close these measurements were to each other for the last two cycles.
Obviously, this isn't a massive discovery, but I find the consistency very interesting. It will also be interesting to see if the elapsed times for this market cycle once again come close to the last two market cycles.
Before continuing I want to say that Bitcoin’s very first market cycle was much shorter than the last two market cycles. So, it is possible that the fact that the last two matched so closely was just a fluke. Anyway, I will be watching closely to see how this market cycle plays out.
So far, the elapsed time from the bear market bottom on November 21st, 2022, to the halving which is estimated to take place in late April 2024 (approximately 512 days) should be very close to the last two cycles.
Bitcoin Market Cycle #2 vs #3
Cycle #2 - Bear market bottom to halving = 542 days
Cycle #3 - Bear market bottom to halving = 513 days
Cycle #4 - Bear market bottom to halving = estimated = 512 days
Cycle #2 - Halving to Bull market peak = 526 days
Cycle #3 - Halving to Bull market peak = 548 days
Cycle #2 - Bull market peak to bear market bottom = 363 days
Cycle #3 - Bull market peak to bear market bottom= 376 days
Cycle #2 - Bear market bottom to a new all-time high = 723 days
Cycle #3 - Bear market bottom to a new all-time high = 717 days
Market cycle #2 total duration (bottom to bottom) = 1431 days
Market cycle #3 total duration (bottom to bottom) = 1437 days
Just for fun I want to use this data to estimate when a new all-time high might be hit for this current market cycle. What I will do is split the difference between cycle #2 (723 days) and cycle #3 (717 days) which would give me 720 days.
So, if I project out 720 days from the bear market bottom on November 21st, 2022, I get the date November 9th, 2024. Obviously, I wouldn't expect it to hit the exact date but I would watch for a new all-time high sometime in October or November of next year.
Of course this could all be meaningless and Bitcoin could hit a new all-time high much sooner.
Like I said this is more just for fun.
If we wanted to take it a step further and try to calculate when this current market cycle might peak we cold add the elapsed times from cycle #2 (Bottom to peak = 1068 days), and Cycle #3 (Bottom to peak = 1061 days). So if we split the difference we would get 1065 days.
So, if I project out 1065 days from the bear market bottom on November 21st, 2022, I get the date October 20th, 2025 for the peak of this market cycle.
Most likely this is all meaningless but looking at the past price history of Bitcoin the bottoms and tops do tend to occur primarily in November and December. So this might not be far off unless this market cycle is much different than the last two.
As I said earlier, I will be watching to see hoe this current market cycle plays out and how it compares to the last two cycle.
#Rose In the 4-hour timeframe, it is moving in an upward channel, which can have a correction to the specified support area to continue the trend. Currently, we can see the reaction of the currency up to the red area. If there is a reaction and the correction continues until the specified area and confirmation of the return, the long transaction is entered.