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BTC breakout done - ready for next move ** CRYPTOCAP:BTC performed Falling wedge in 1D TF ** Keep eye on it Trading a falling wedge breakout involves identifying a chart pattern called a falling wedge and executing trades when the price breaks out of this pattern. Here are the steps you can follow: 1. **Identify the Falling Wedge:** - Look for a downtrend in the price movement. - Identify converging trendlines where the upper trendline (resistance) slopes down at a steeper angle than the lower trendline (support). - The pattern resembles a wedge pointing downwards. 2. **Confirm the Falling Wedge:** - Confirm the pattern using other technical indicators like volume. Ideally, during the formation of a falling wedge, the trading volume should decrease. 3. **Wait for Breakout:** - Patiently wait for a breakout to occur. Breakout refers to the point where the price moves above the upper trendline of the falling wedge. - The breakout should ideally be accompanied by a noticeable increase in trading volume, confirming the strength of the breakout. 4. **Entry Point:** - Enter a long (buy) position as soon as the price breaks above the upper trendline. - Some traders prefer to wait for a confirmed close above the upper trendline to reduce the risk of false breakouts. 5. **Stop-Loss Placement:** - Set a stop-loss order below the lower trendline or a recent swing low. This helps limit potential losses in case the breakout fails and the price moves back into the wedge. 6. **Target Price:** - Determine a target price based on the height of the wedge. Measure the distance from the widest part of the wedge to the starting point of the wedge and project that distance upwards from the breakout point. Remember that trading always involves risks, and it's crucial to have a well-thought-out strategy, risk management plan, and the discipline to stick to your plan.
BINANCE:BTCUSDLong
by Crypto-Adda_Official
2
$JASMY Bullish Pennent on daily and weekly TF ! Trading in a bullish pennant pattern involves recognizing the setup and then executing trades based on the pattern's characteristics. Here are three key points to consider: ### 1. Identify the Pattern - **Formation**: A bullish pennant forms after a strong upward movement (flagpole), followed by a brief consolidation period with converging trendlines that create a small symmetrical triangle. - **Volume**: The volume typically decreases during the consolidation phase and should increase upon breakout. - **Duration**: This pattern usually develops over a period of one to three weeks. ### 2. Confirm the Breakout - **Breakout Point**: Enter a trade when the price breaks above the upper trendline of the pennant with increased volume. - **Validation**: Ensure the breakout is supported by higher trading volumes, which confirms the strength and likelihood of continuation. - **Entry Strategy**: Place a buy order slightly above the breakout point to avoid false breakouts. ### 3. Manage the Trade - **Target Price**: Estimate the target price by measuring the length of the flagpole (the initial price increase) and adding it to the breakout point. - **Stop-Loss Order**: Place a stop-loss order below the lower trendline of the pennant to protect against downside risk. - **Monitor**: Continuously monitor the trade, adjusting stop-loss levels to lock in profits as the price moves in your favor. By following these steps, traders can effectively capitalize on the bullish pennant pattern and manage their risk appropriately.
Long
by Crypto-Adda_Official
BLZ/USDT Will BLZ Conquer the $0.296 Barrier? Watch Now!💎 Paradisers, BLZ is currently challenging a crucial supply area, previously a strong demand zone, which could set the stage for bullish momentum. 💎 A successful breakout above the $0.296 mark could pave the way for BLZ to overcome the descending resistance line, potentially leading to significant upward movement toward our target resistance area. 💎 If BLZ fails to surpass the supply area and faces a firm rejection, it might retreat to the lower demand zone around $0.25. This could be a pivotal point for BLZ to regroup and attempt another push towards the supply area. 💎 The crucial moment comes when BLZ tests the demand area. The price needs to bounce from this point to maintain a bullish outlook and make another attempt to break through the supply barrier. 💎 However, a concerning sign would be if BLZ fails to hold the demand area and breaks below it. A more definitive bearish signal would be if BLZ closes a daily candle below the key support area, indicating potential for further declines. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
ENJ/USDT upward momentum from demand? Enjin Analysis💎 Paradisers, #ENJUSDT is showing signs of a probable bullish continuation from its current demand zone. 💎 A bullish confirmation could occur if #ENJ breaks and closes above the supply zone (SZ) level at $0.3201 on a daily chart, signaling a continuation of upward momentum towards our designated supply area. Upon reaching the supply area at $0.4073, slight resistance may be encountered. 💎 Remain calm but alert; if it manages to break above this level and maintain momentum, a significant bullish movement could unfold. Conversely, if #ENJIN encounters strong rejection at the $0.4073 resistance, marked by a bearish candle, a retracement to lower levels might be on the cards, potentially pulling the price back to the SZ at $0.3201. 💎 As #ENJ nears this crucial demand area, it must rebound and persist in its climb to retest the resistance. Considering its history of recovering from key demand levels, there is a strong possibility that it could repeat this pattern and ascend further. 💎 It's vital to maintain vigilance and closely observe #ENJ's price movements. A breakdown below the demand area, confirmed by a daily closure below it, would challenge the bullish scenario and could result in further declines. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
HOT/USDT Key Levels to Watch the supply for the Next Rally💎 HOT is currently experiencing resistance at a key supply area, leading to a rejection. 💎 It looks set to retest the demand area at $0.00256 to gather momentum for another attempt to break through the supply. A successful breach of this supply could trigger a bullish momentum, propelling HOT towards a significant upward movement and our target. 💎 If HOT fails to bounce upon reaching the demand area and instead breaks below it, the price could continue its descent toward the support trendline. A bounce from this trendline will be crucial for HOT to attempt another rally towards the supply area. 💎 Should HOT also break down below the support trendline, it would be a concerning sign, as it would only leave one key support area at $0.002080. 💎 Historically, HOT has shown positive movement after touching this area, suggesting a potential rebound above the demand area to keep our bullish scenario alive. 💎 The scenario turns bearish if HOT cannot hold above this key support area, especially if it closes a daily candle below it. In such a case, HOT may establish a lower low, potentially leading to a deeper dip. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
HBAR/USDT Will It Bounce at the Crucial $0.0985 Demand Area?💎 HBAR is showing some notable activity, with a potential retest on the horizon at the demand area around $0.0985. 💎 The key question is whether it will bounce up from this level or break through it. Historically, HBAR has often bounced back upon reaching this area, suggesting it might repeat this pattern. 💎 For HBAR to continue its upward journey, it must overcome the resistance at $0.124. Failure to breach this resistance could send the price back down as it gathers momentum for another try. 💎 On the downside, if the demand area fails to support HBAR and it breaks through, we could see it move towards the Bullish Order Block (OB) area to gather significant momentum, similar to previous patterns. HBAR must maintain above the OB area, which is pivotal for its trajectory. 💎 The bullish scenario becomes invalid if HBAR closes a daily candle below the OB area at $0.0878. Such a move could signal further dips in the price. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
GameStop(GME) Is Ready for Pump🚀➕250%🚀🔥Today, I want to analyze the GameStop(GME) project for you. After being listed on some exchanges , it has increased its price by more than ➕3,900% in the last three days. 📚What is GameStop(GME)❗️❓ 🔸 GameStop(GME) on the Solana network is a meme paying tribute to the 2021 short squeeze of GameStop. 🌊According to the theory of Elliott waves , GameStop(GME) seems to be completing microwave 4 of the main wave 3 . 🔔I expect microwave 4 of the main wave 3 will complete in the 🟢 Support zone 🟢, and the GameStop(GME) will start to increase again (🚀➕250%🚀) . @TradingView has added new features, one of which is the Volume Candles chart . I suggest you use TradingView's new features . ❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed. GameStop Analyze (GMEUSDT), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
61
SEI/USDT descending resistance breakout ahead? Sei analysis💎 Paradisers, #SEIUSDT is closely monitoring descending resistance while maintaining strong momentum within the demand zone, setting the stage for a potential substantial upward movement. 💎 A bullish confirmation would be indicated if #SEI breaks and closes above the supply level of $0.6761 on a daily chart, suggesting a continuation of upward momentum towards our specified resistance area. Alternatively, if #SEI fails to breach the $0.6761 resistance and encounters a strong rejection, indicated by a bearish candle, a retracement to lower levels may occur. In this scenario, the price might pull back to the demand area at $0.536. 💎 Should #SEI reach the key support at $0.4566, it would need to rebound and resume its climb to test the resistance once again. Given its track record of recovering from crucial demand levels, there's a chance that #SEI could repeat this pattern and advance further. 💎 It's imperative to remain alert and closely monitor #SEI's price movements. A breakdown below the support level, confirmed by a daily closure below it, would challenge the bullish scenario and could precipitate further declines. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
Notcoin(NOT) Analysis===>>(RR:2.27)Notcoin(NOT) has succeeded in breaking the Downtrend line . Also, we can see Regular Divergence(RD+) between two Consecutive Valleys. According to the theory of Elliott Waves , Notcoin(NOT) has successfully completed 5 waves . I expect Notcoin(NOT) to rise to the targets I have outlined in the chart. Note: An important point you should always remember is capital management and lack of greed. Notcoin(NOT) Analyze (NOTUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe. [/b
Long
by pejman_zwin
7
BEL/USDT In the sideways zone, it required break to continue UP!💎 Paradisers, BEL is indeed demonstrating intriguing movements that warrant close attention. 💎 It appears poised to retest support around 0.967 before potentially continuing its upward trajectory towards the resistance zone between 1.09 and 1.15. 💎 A breakout above this resistance would signal a return to bullish momentum, possibly leading to a move towards our target resistance area. 💎 However, if BEL experiences rejection at the resistance zone, similar to previous attempts, it may retreat back to the support level. Sustaining above this support is crucial, as a breach could indicate further downward movement towards the key support area around 0.72. 💎 Observing the chart, BEL seems to be trading within a sideways range between 0.72 and 1.15, highlighting the significance of these levels. Historical data suggests that BEL has successfully bounced back to the upside after hitting the key support area twice before. 💎 However, bullish sentiments would be invalidated if the daily candle of BEL closes below the key support area. In such a scenario, the price could experience further decline. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
AXS/USDT assessing key supply area? What next💎 Paradisers, #AXSUSDT is currently displaying movements that merit close observation. It seems the price is testing a supply zone with potential for an upward breakout once it successfully breaches this level. 💎 A bullish confirmation would be signaled if #AXS manages to break and close above the supply level of $8.582 on a daily chart, indicating a continuation of upward momentum towards our targeted resistance area. Conversely, if #AXS fails to surpass the $8.582 resistance and shows a strong rejection, marked by a bearish candle, there might be a potential retracement to lower levels. In such cases, the price could retreat to the demand area at $7.536. 💎 Should #AXS reach this key demand area, it will need to rebound and continue its ascent to challenge the resistance once again. Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and push upwards. 💎 It’s crucial to stay vigilant and closely monitor #AXS's price action. A breakdown below the demand area, confirmed by a daily close below it, would negate the bullish outlook and potentially lead to extended declines. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
3
STX/USDT Breakout Alert!! This is can be bullish momentum💎 Paradisers, STX is indeed exhibiting intriguing movements that warrant close attention. 💎 Having successfully broken out of the falling wedge pattern, STX has signaled bullish momentum for its next movement. There's potential for a retest around the 2.1 to 2.0 area before resuming its upward trajectory towards the resistance zone between 2.375 and 2.51. 💎 A successful breakout above this resistance would confirm STX's return to a bullish trend in the mid-term, potentially leading to significant upward movement towards our target strong resistance area. 💎 However, if STX fails to break above the resistance and experiences a strong rejection indicated by a bearish candle, the price may retreat back to the demand area, possibly around 1.75, to gather new momentum for another attempt at breaking the resistance. 💎 It's crucial for STX to bounce from the demand area and resume its upward movement. Failure to do so, especially if STX shows weakness and sideways movement, could signal a bearish turn, particularly if the demand level at 1.75 is breached. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
MATIC/USDT A successful breakout the resistance will be bullish!💎 Paradisers, MATIC is indeed displaying intriguing movements that warrant close attention. 💎 Currently, in the accumulation phase, MATIC has shown resilience by bouncing when it reached the demand area around 0.696 to 0.675. This suggests a potential continuation of the upward movement, aiming to confront the resistance of the accumulation phase. 💎 If MATIC successfully breaks above the resistance at 0.77, it could signify a bullish momentum, potentially leading to significant upward movement with the target set at the supply zone around 0.91. 💎 Breaking above the supply zone is essential for reinstating a bullish trend in the mid-term and could pave the way for reaching our target strong resistance area. 💎 However, if MATIC faces rejection at the resistance area, it may retreat to retest the demand zone, or even descend further to the strong support area around 0.631. Historical data indicates that MATIC tends to bounce back upward when reaching this strong support level. 💎 The bullish scenario would be invalidated if the daily candle closes below the strong support area. In such a case, there's a possibility of further downward movement and deeper dips in price. MyCryptoParadise iFeel the success🌴
M
by MyCryptoParadise
ASTR/USDT The formations bullish candle, It potential breakout!💎 Paradisers, ASTR is indeed showcasing intriguing movements that warrant close attention. 💎 The formation of three white soldiers, a bullish candlestick pattern, suggests positive momentum for ASTR. If ASTR also successfully breaks out from the descending resistance, it could indicate a bullish trend continuation. 💎 This could lead to upward movement, potentially testing the resistance zone between 0.115 and 0.13. Breaking above this area could pave the way for significant upward movement towards our target strong resistance area. 💎 However, if ASTR encounters resistance at the supply zone and receives a strong rejection indicated by a bearish candle, the price may retreat back to the support trendline around 0.105. It's crucial for ASTR to bounce from this support level and make another attempt to break the resistance. 💎 Failure to bounce from the support trendline, or a breakdown below it, could signal further downward movement. In such a scenario, ASTR may target the key support area. 💎 This area holds significant importance, as a bounce from here could indicate a continuation of the bullish trend. However, if ASTR breaks below the key support, it could confirm a lower low, suggesting a bearish trend continuation. 💎 The bullish invalidation would be confirmed if ASTR breaks below the key support area, confirmed by a daily candle close below it. In such a scenario, the potential for further downward movement would increase. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
ORDI/USDT Breakout Alert!! Potential bullish momentum for ORDI.💎 Paradisers, ORDI is indeed showcasing intriguing movements that deserve careful observation. 💎 The successful breakout from the descending channel signifies bullish momentum for ORDI. Currently, the price is potentially preparing to retest the trendline before continuing its upward trajectory toward the supply area of around $55.45. 💎 A successful breakout above this supply zone would confirm ORDI's return to a bullish trend, potentially leading to significant upward movement toward our target strong resistance area. 💎 However, if ORDI encounters resistance at the supply area and receives a strong rejection indicated by a bearish candle, the price may retreat to downward movement. 💎 In such a scenario, ORDI could revisit the support area around $44.60, which coincides with the resistance neckline of the ascending triangle. 💎 ORDI must bounce from this support area and resume its upward trajectory. Failure to bounce, or a breakdown below the support, could signal further downward movement, potentially leading to a test of the Bullish OB area. ORDI needs to reclaim the price above the support area at $44.60 upon reaching the Bullish OB area to maintain bullish momentum. 💎 However, if ORDI breaks below the Bullish OB area, confirmed by a daily candle close below it, it could indicate a bearish trend reversal, leading to continued downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise
AVA/USDT bullish Continuation from demand? Bullish rally💎 Let us delve into the #AVAUSDT which is currently displaying notable signs of a significant market maneuver. Positioned within a demand zone at $0.7288, #AVA appears poised for a potential upward swing, particularly if it sustains its current momentum. A successful breakthrough from this level could lead to a breach of the descending resistance, paving the way for a challenge against even stronger supply zones. 💎 Reflecting on AVA’s recent historical performance, we observe that it successfully surpassed supply levels, which subsequently transformed into demand. Interestingly, the price completed a retest phase, and at present, it is gearing up to surpass the descending resistance. We recommend exercising patience and waiting for a proper breakout above this resistance level before planning any trades. 💎 As seasoned #AVA traders understand, cryptocurrency markets resemble strategic games. While the current bullish momentum is favorable, it is prudent to have a contingency plan (Plan B) in place. If NYSE:AVA fails to capitalize on this momentum and begins to decline, consider rallying from a lower demand level situated at $0.6538. 💎 Importantly, should AVA descend below this secondary demand, it signals the need for a strategic reassessment. Traders may need to adjust their bullish perspective and modify trading tactics to align with the evolving market conditions. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Quant (QNT)Qnt is one the biggest projects that try to recover as fast as possible, in a month it jumped 70% up and still got 60% way to its ATH London based quant network is set to revolutionize blockchain technology with the development of their blockchain operating system Overledger. The experienced team are determined to fulfill the original vision of the internet by creating an open trusted network for people, machines, and data to operate securely and safely. overledger -the first interoperable blockchain operating system that facilitates internet-scale development of decentralized, multi-chain applications. It has the ability to unlock and distribute value and applications across current and future blockchains. It is an agnostic platform that connects the world's networks to blockchains and ensures you're not limited to any single a vendor or technology. 177-180 is a big resistance of qnt and we will have pullback to 150-140 level first so its a good time for taking some profit now 120-130 is a good buy zone too Can Qnt back 200$ by the end of 2022?
by moonypto
20
Liquity / LQTY & Binance The price of LQTY is $2.3 today with a 24hour trading volume of 80 million dollars. This represents a 80% price increase in the last 24 hours and a 250% price increase in the past 30 days. With a circulating supply of 91 Million LQTY, Liquity is valued at a market cap of 200 million dollars thanks to CZ! Liquity is a decentralized borrowing protocol built on Ethereum that utilizes LQTY, a USD-pegged stablecoin. Ether holders can draw loans in the form of LQTY with algorithmically adjusted redemption and loan issuance fees as you see LQTY whales are notorious for dumping on retails so don't forget the stop loss(rug). next targets are 2.7 and 2.9$
L
by moonypto