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LINKUSD: One more drop is possible on this Channel Down.Chainlink is neutral on its 1D technical outlook (RSI = 47.590, MACD = 0.090, ADX = 17.477), trading around its 1D MA50 but on a technical bearish wave of the December Channel Down. This pattern draws many comparisons with the one in June-July 2024, having so far identical RSI fractals. This suggests that the current rejection can test the 1D MA200 at the bottom of the Channel Down. Our target is a bit higher though (TP = 18.000) due to the presence of the S1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:LINKUSDShort
by InvestingScope
6
Can #UNI Bulls Maintain this Current Bullish Momentum or Not? Yello, Paradisers! Is #UNI about to start a bullish rally, or will another rejection send it tumbling lower? Let’s break down the latest #UNIUSDT setup: 💎#Uniswap is forming a falling wedge pattern on an 8-hour timeframe, a well-known bullish reversal structure. The recent bounce from the descending support and several liquidity sweeps at the descending support suggest buyers are stepping in, but the real test lies ahead. #UNI must break the above key resistance to confirm a trend shift. 💎The critical resistance zone sits at $14.8. A breakout above this level with strong momentum could trigger a sharp rally toward the $18–$20 range, where significant selling pressure may emerge. However, failure to clear resistance could lead to further consolidation inside the wedge or another pullback. 💎Support remains strong at around $10.1, with additional demand at $8.5. If # UNI holds above these levels, we could see a gradual push higher. The buyers have already tested these levels, and they held. You can watch for the strong volume and 50-EMA to confirm growing demand at these levels. 💎However, if a candle closes below the $8.5 support zone, it would invalidate the bullish scenario, exposing #UNIUSD to a potential drop toward the $7 region or lower. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
BTC / USDT:Approaching trendline resistance - A breakout ahead ?BTC/USDT: Approaching Trendline Resistance – A Breakout in Sight? BTC/USDT is gearing up for a potential breakout 📈 as it approaches a key trendline resistance level 📊. The price has been consolidating, forming a strong setup for an explosive move 💥. If Bitcoin manages to break above this resistance, we could witness a significant bullish rally 🚀. Stay alert and wait for confirmation before making a move. Key Insights: 1️⃣ Trendline Resistance: BTC/USDT is nearing a crucial trendline that has acted as a barrier in previous attempts. A successful breakout could mark the beginning of a strong uptrend. 2️⃣ Volume Surge: Watch for a noticeable increase in trading volume during the breakout, signaling strong buying momentum 🔥. 3️⃣ Bullish Indicators: RSI and MACD are showing bullish momentum ⚡, supporting the case for a breakout. Steps to Confirm the Breakout: ✅ Look for a 4H or daily candle closing decisively above the trendline. ✅ A volume spike during the breakout will confirm strong buyer interest. ✅ A retest of the broken trendline as new support strengthens the breakout. ⚠️ Beware of fake breakouts—sharp rejections or wicks above the resistance level can indicate weakness. Risk Management Strategies: 🔒 Use stop-loss orders to manage risk effectively. 🎯 Ensure position sizing aligns with your overall trading strategy. This analysis is for educational purposes only and not financial advice. Always DYOR 🔍 before making investment decisions. Stay ready for the next big move!
by Crypto-By-Ghazi
1
#SEI Ready for a Bullish Rally or Not? Key Levels to Watch Yello, Paradisers! Is #SEIUSDT gearing up for a major breakout, or are we in for another leg down? Let’s break down the #SEI setup: 💎#SEI is currently trading within a falling wedge formation on the 8-hour timeframe, a classic bullish reversal pattern. This pattern, coupled with a liquidity sweep at the lower boundary, has already shaken out impatient traders. But remember, no move is confirmed until we see a decisive breakout. A decisive move above key resistance is needed to confirm the shift in momentum. 💎The major resistance zone to watch is $0.479. If #SEI manages to break above this level with strong volume, we could see a sharp rally towards the $0.65–$0.70 range, where significant selling pressure may come into play. However, failing to break above resistance could lead to another retest of lower levels before any bullish continuation. 💎On the downside, #SEI is sitting on a strong support zone around $0.2800. Buyers have consistently stepped in at this level, reinforcing its importance. If this support holds, we can expect a bounce and a potential attempt to break out of the wedge. The next line of defense for the #SEI is at the demand zone at $0.205 if the above support fails. 💎However, a candle closing below the demand zone at $0.2053 would invalidate the bullish scenario, exposing #SEI to a further drop towards $0.15 or even lower. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
BTC/USD Local work. Clamping 2.37%/18 days. Stop-Loss zonesLogarithm. Time frame 1 day. Local trend. Clamping the price in a narrow range of 2.37% for 18 days. Stop-Loss zones (market fuel), due to which the impulse will occur, was shown on the chart. Previously showed more than once such trading situations and their solutions, the sense of such manipulation in such zones. I will not repeat it. In your work to observe the risk management, it is advisable not to work with large leverage because there can be significant volatility in both directions. Instead of a logical profit in the trend, you will get a loss on the spot. 237/18 A line chart to understand the trend direction of this zone. The previous idea of a secondary trend of two months ago, which shows this zone 1618 0 BTC/USD Secondary trend. Double bottom zone. The main bitcoin trend (almost all of it). The time frame is 1 month. BTC/USD Main trend. Cycles. Halving BTC. Surrender zones. This idea of a long-term trend shows capitulation zones in secondary trends and the percentage of price decrease from the highs. Bitcoin's halving. Cyclicality. Note that unlike past cycles, the price has been under the uptrend line zone for a very long time.
by SpartaBTC
51
ETH Before the Hunt: Why Clarity is King in TradingIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! When it comes to trading, patience is often as important as the strategy itself. As I stared at the chart for what felt like an eternity, I couldn’t help but notice the mixed signals emerging from the Elliott Wave side of things. Mixed signals can be frustrating, especially when you’re eager to make a move, but they’re also a reminder to slow down and let the market tell its story. In moments like these, clarity is everything. For me, clarity comes at specific levels—in this case, 3k or 3750. Until one of these levels breaks, I can’t say I’m confident enough to take a stance or make an entry. Trading without clarity isn’t trading; it’s guessing. And let’s face it, guessing doesn’t have a great track record in this game. Why 3k and 3750 Matter So, why these specific levels? In technical analysis, certain price points serve as psychological or structural boundaries. They’re often where traders make decisions that push the market one way or another. A break of these levels would signal a shift—whether in momentum, sentiment, or structure—that provides the clarity I need to move forward. Elliott Wave analysis is notoriously nuanced. Sometimes the waves line up perfectly, painting a clear picture, and other times they leave you scratching your head. Right now, the picture isn’t clear enough for me to confidently interpret the waves, which is why those key levels are so important. They act as filters, cutting through the noise and allowing me to focus on the signal. The Power of Patience Patience in trading isn’t just about waiting—it’s about waiting with purpose. The market doesn’t reward impulsive behavior, but it often rewards disciplined traders who wait for the right setup. That’s why I’m holding off for now. If one of those levels breaks, I’ll reassess, recalibrate, and, if everything lines up, begin the hunt for an entry. The idea of “the hunt” is what keeps me engaged. It’s not about rushing to pounce on an opportunity; it’s about tracking it, understanding it, and striking when the odds are in your favor. But before the hunt, there’s the waiting. Dealing with the Uncertainty It’s worth noting that uncertainty is part of the game. No chart analysis, no matter how thorough, can guarantee an outcome. What you can do is put yourself in a position to make informed decisions based on your strategy and the information available. Right now, the information I need lies at the 3k and 3750 levels. Until those break, my job is to sit back and observe. Waiting for clarity might feel passive, but it’s an active part of the process. By staying patient, I’m avoiding the pitfalls of premature action and ensuring that when I do make my move, it’s backed by data, analysis, and strategy—not emotion or guesswork. Final Thoughts Mixed signals are part of the trading experience. They can test your patience and make you second-guess your approach, but they’re also a valuable reminder to stick to your plan. For me, that means waiting until 3k or 3750 levels break. When they do, I’ll be ready to act. For now, the hunt is on pause. But once clarity shows up, that’s when the real work begins. Until then, it’s all about watching, analyzing, and preparing. Because in trading, as in life, timing is everything. Trade safe, trade smart, trade clarity.
COINBASE:ETHUSD
by CryptoKnee