Sell BTC/USDT Wedge BreakoutThe BTC/USDT pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Wedge Pattern pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 67600, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 64756
2nd Support – 63264
Stop-Loss: To manage risk, place a stop-loss order above 69940. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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Cryptomarket
Alikze »» BTC | Bullish angle pattern | bullish channel - 8H🔍 Technical analysis: Bullish angle pattern in the bullish channel And the pullback is broken into the swing
- According to the movement scenario predicted in the previous analysis , by forming an ascending diamond pattern, it managed to break the dynamic trigger and move towards the supply areas.
- It is currently moving in an ascending channel in the 8H time frame.
- With the formation of an ascending corner pattern, it is undergoing a temporary correction to the green box.
- Therefore, it can encounter support after correction in the green box area and continue its growth up to the supply range.
💎 In addition, if the correction is sharp, there will be a possibility of breaking the green box, up to the range of 62500.
💎 So, in case of zigzag correction in the green box area, it can meet the demand and touch the target of the supply area.
⚠️ In addition, if below the area of 62500 candles, the bullish scenario will be invalidated and should be re-examined and updated.⚠️
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MEXC:BTCUSDT
Alikze »» GALA | Wave 3 or C scenario - 8H🔍 Technical analysis: Wave 3 or 3 scenario in the ascending channel
- In the 8H frame, it is moving in an ascending channel.
- So far, a movement cycle AB=CD within the ascending channel has grown to the size of 0.78 fibo.
- After that, it had a corrective cycle up to the green box range, which has met with demand again.
- Currently, it is in the middle of the channel, which can continue its growth by breaking it up to the limit of the first supply area (the ceiling of the channel).
💎 After that, if it has a soft and zigzag correction, it can continue its growth with a bullback to the broken structure (minor ceiling) in the ascending channel until the second supply area as wide as the first channel.
⚠️Note: In addition, if the current price enters the corrective phase and touches the Invalidation LVL area, the bullish scenario is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GALAUSDT
Solana Update: Holding $162 or Dropping to $147? Here’s the breakdown, fam – if SOL holds $162, we could see a move up to the $178-$184 take-profit zone. But if $162 doesn’t hold, expect a dip to $147 before trying for that same target again.
If $147 breaks, we could be in for a deeper bearish move. Stay sharp, manage your levels, and let’s see how it plays out!
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Mindbloome Trading
Trade What You See
BTC Analysis: Waiting on the Next Move – $67,226 Bounce or Back Alright fam, here’s the scoop – BTC could pop up to $67,226 from here, but if not, we might dip back to $66K for a quick reset before heading higher. If things get dicey, we could slip to GETTEX:64K – and worst case, it drops even lower.
If you like the update, drop a comment or follow so I can keep bringing you more analysis on the markets you love!
Mindbloome Trading
Trade What You See
ETHUSD Possible bounce to the Up Side from the support crossingThe market has formed a double bottom and has successfully broken and closed above this pattern, as well as above the previous resistance level at 2650, which had been respected before. This indicates that the market is creating higher lows, signaling increased buying pressure. If the price bounces off the support zone below and forms rejection candles, it would suggest strong buying interest and further confirm the potential for an upward trend. The target is the resistance zone around 2750
Alikze »» ADA | Upward wave 3 scenario - 12H🔍 Technical analysis: Upward wave 3 scenario - 12H
- In the analysis presented earlier in the weekly time frame, after the correction in the green box, it is currently in the range of the green box, which can continue its upward trend if it stabilizes above the green box.
- In the 12-hour time frame, it is moving in an ascending channel, so far it has reacted positively to the dynamic trigger of the bottom of the channel several times.
- Currently, a motivational wave has been created in the area of the bottom of the channel, which can continue its advance until the middle of the channel and the supply area.
💎 According to the previous zigzag movements, the recent correction in the bottom of the channel has been a response to the AB=CD movement cycle.
⚠️In addition, if the Invalidation LVL area is touched, the ascending scenario is invalidated and must be updated again.⚠️
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BINANCE:ADAUSDT
BTC Shows Bullish Momentum with Potential for Explosive RallyMarket Overview:
Bitcoin's price action has turned increasingly bullish, making higher highs since late August, signaling a notable shift in momentum.
The $50,000-$55,000 support zone held strongly in early September, followed by a formation of a higher low, indicating strong buyer interest.
Key Levels to Watch:
Resistance: $70,000-$72,000
Potential Target: $100,000 to $120,000
Outlook:
If Bitcoin successfully clears the $70,000-$72,000 resistance level, we may witness an explosive rally, possibly leading Bitcoin to reach new heights between $100,000 and $120,000.
Given Bitcoin's historical tendency to lead the cryptocurrency market, a breakout could initiate a new altcoin season, driving further gains across the broader crypto market.
#Bitcoin #BTC #CryptoMarket #BullishMomentum #AltcoinSeason
BTC reacting at trend line on Daily TFPA touched the trend line that I've been anticipating for the past few days and now showing a nice reaction. This could potentially be the beginning of the retrace on the daily TF that I've been waiting for. There is also the possibility of a minor retrace then continue momentum upwards, if that happens, I'll jump into market longs at semi-large positions.
However, if it does retrace from here, I've marked the potential reversal points in yellow circles for reference. Trade safely!
*Summary: I'm currently bearish during this retrace until PA proves that the momentum continues upwards.*
HNT 100% upside as a near term trade, target price $11.0Helium has strong fundamentals, with tangible products and projects positioning it as a potential leader in the DePIN space. On the technical front, it appears the ABC corrective waves are complete. If HNT experiences another set of ascending waves with a similar magnitude as before, the price could easily reach $11.
Reviving Momentum: Is $SOLANA Poised for a Breakout?There seems to be some life returning to $SOLANA. I’m glad it held the $134 zone and has finally broken above the weekly block, even if just slightly. We want to see it move much higher towards the 2022 open to have a chance at new highs.
For now, it’s still "trying" to escape the consolidation phase from August but needs to move away from this 9-month range.
A final leg towards new highs could reignite the meme sector. I’ve mentioned buying betas like NASDAQ:RAY , LSE:JUP , and CRYPTOCAP:JTO , as these are likely to outperform $SOLANA, so keep an open mind about the level of risk to take.
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The weekly chart is showing a weak but at least a bullish signal for the first time since May 2024.
This is not a bad spot to add a "little" exposure and continue to accumulate on dips.
Alikze »» ENS | Corner pattern formation - 4H🔍 Technical analysis: Corner pattern formation - 4H
- It is moving in a corner pattern in the 4-hour time frame.
- Due to the formation of the Double Bottom pattern, higher floors and higher ceilings have been formed in the range of 15.80.
- Therefore, it can continue its growth with pullback to the range of 17.50 to the dynamic trigger and form a newer ceiling.
- In addition, with the failure of the dynamic trigger, it can continue to grow until the supply area.
💎 Alternative scenario:
If the green box is broken sharply, it can continue its dynamic correction (origin of movement) until the bottom of the trigger.
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BINANCE:ENSUSDT
Alikze »» ALPHA | Movement in the descending channel🔍 Technical analysis: Movement in the descending channel
- In the 1D and 1W time frames, it is moving in a descending channel.
- It has encountered support in the range of the green box.
- Due to the change in structure and behavior in the 1D time frame, it can have an upward movement up to the limit of the ceiling of the descending channel.
💎 If the current rising wave is accelerated, after hitting the first supply area which is the neck line of the previous corrective wave, it can continue the upward trend after a temporary correction to the next supply area.
⚠️ In addition, if the floor of the previous range is touched, the bullish scenario will be invalidated and must be reviewed and updated again.⚠️
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BINANCE:ALPHAUSDT
IMX ANALYSIS📊 #IMX Analysis
✅There is a formation of Descending Channel Pattern in daily chart with a breakout🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout and a small retest📉
👀Current Price: $1.640
🚀 Target Price: $2.560
⚡️What to do ?
👀Keep an eye on #IMX price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#IMX #Cryptocurrency #TechnicalAnalysis #DYOR
ETH Resistance Zone to Watch: Short Opportunity?In the 30-minute time frame, ETH hasn’t yet returned to the pink resistance zone, but when it does, sellers could come back, potentially offering a good shorting opportunity. This resistance zone has held strong in the past, and a rejection at this level could lead to a bearish move. Keep an eye on the price as it approaches this zone for a possible short setup.
Critical Moment for $BTC: Last Chance for Entry or Path to Doom?Massive Level for CRYPTOCAP:BTC
As things stand, we’re at a crucial point for a higher low and a complete validation of the weekly bearish BMS. We need some demand to step up in the 56-60k region to propel us to "Valhalla" and set the stage for a strong end to the year.
Be aware that if we drop below 58k, it could pose significant risks for a bullish outlook. This is the moment to act and take a stand at these prices!
Keep your bids around the mid-59k range in case it dips that low. The trade is active and rolling!
120k #BTC Sooner than later..... No matter how i chart #BTC the 120k to 130k price level is my target For the next year. Technical stand point BTC moves always seem to be calculated This chart is back to the basics and pretty simple Pure market structure. What are your thoughts? This is also why im not ruling out another trip to 40K. But for now........ I think we may take a crack at 72k
Alikze »» CATS | Wave 3 or C bullish scenario - 2H🔍 Technical analysis: Wave 3 or C bullish scenario - 2H
- In the 2H time frame, it is moving in an ascending channel, which is recently seen in the 0.38 Fibo retracement range of the previous wave of a morning star candlestick pattern.
- Therefore, if the Fibo range is not broken, it can have an upward wave according to the current momentum up to the middle range of the channel.
💎 In the future, with the continuation of the upward pattern, it will have the ability to reach the supply range.
⚠️ In addition, if the bottom of the previous wave is touched, the bullish scenario will be invalidated. ⚠️
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KUCOIN:CATSUSDT