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SUIUSDT | Bull Flag Confirming Uptrend ? Overview SUIUSDT is currently showing a strong Bull Flag pattern on the daily chart (1D), which often acts as a continuation signal in an uptrend. After a powerful rally, the price is consolidating within a narrow descending channel (highlighted in yellow), preparing for a potential breakout. Key Levels Support Levels: 100% Fibonacci (2.2884): Critical support to maintain the uptrend. 88.6% Fibonacci (2.0758): Secondary support zone if price retraces deeper. Resistance Levels: Target for Bull Flag Breakout: 4.5996. 161.8% Fibonacci (3.4087): Intermediate target on the way to the Bull Flag breakout target. 200% Fibonacci (4.1043): Another key resistance before reaching the final target. Bull Flag Setup Pattern: The current consolidation (highlighted in yellow) forms a textbook Bull Flag. Breakout Potential: A breakout above the flag’s upper boundary signals a continuation of the uptrend. Target levels align with Fibonacci extensions, with the ultimate target at 4.5996. Volume: Watch for increased buying volume on the breakout to confirm the move. Scenario Analysis Bullish Case: If the price breaks the upper trendline of the flag and holds above, the next targets are: 3.4087 (161.8% Fibonacci) as the first intermediate target. 4.1043 (200% Fibonacci) as a secondary resistance. 4.5996 as the projected breakout target. Bearish Case: If the price fails to hold above 2.2884, the uptrend may weaken, and a deeper retracement toward 2.0758 could occur. Trading Plan Entry: Break and close above the Bull Flag with volume confirmation. Stop Loss: Below the lower boundary of the flag or 2.2884 (100% Fib). Target 1: 3.4087 (161.8% Fib). Target 2: 4.1043 (200% Fib). Final Target: 4.5996. 📌 Disclaimer: This analysis is for educational purposes only. Always manage your risk and conduct your own research before trading.
by Surrendgods
Is TRXUSDT About to Skyrocket? Potential Bullish Move Ahead!Yello Paradisers! Have you noticed how #TRXUSDT is following the symmetrical triangle trajectory? This indicates a high probability of a bullish move! 💎TRXUSDT has consistently followed this pattern. Currently, a bullish double bottom pattern is forming at the support zone around $0.11050. If the price sustains its momentum, there's a great chance it will make a bullish move above the supply area. 💎Watch for the price to sustain momentum here for a bullish breakout at support $0.11050. If the price fails to hold momentum and breaks below the ascending support, we anticipate a bullish rebound from the lower support level at $0.10759. 💎Should TRXUSDT break below the strong support at $0.10759, it would invalidate the bullish outlook, leading to a significant price drop. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest-probability trading opportunities. Stay focused, patient, and disciplined, Paradisers. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Iran attacked Israel what impact can it have on Bitcoin?😱#Bitcoin Weekly Technical Analysis 📈 Bitcoin surpassed its previous all-time high of $69,028, reaching a new peak at $73,773. Currently, it's trading above a strong support level ranging from $64,500 to $66,300, which is considered a robust technical support zone. As the week concludes, Bitcoin needs to hold above this support area. The price of Bitcoin declined towards the week's end due to news about tensions between Israel and Iran. If Bitcoin remains within this range, it could consolidate or potentially drop further. It's wise to observe and wait for the market to stabilize before making any decisions. Stay tuned for further updates. CRYPTOCAP:BTC BINANCE:BTCUSDT BINANCE:BTCUSDT
by CRYPTOMOJO_TA
12
BITO @ $39 Jun '24I feel increasingly isolated among the growing crowd of bears but I believe BITO has formed a textbook flag pattern. My argument: Following a sharp move upward, beginning 3/14 (6 weeks from the time this was published), price has declined in 3 drives forming a clear channel but didn't break the 50% retracement level while volume has steadily declined during the formation of the flag. If I'm correct, a movement similar to the one that makes the flagpole would put the price right at the .382 level which I believe further supports my argument. Full disclosure: this is all based strictly on technical analysis and I have limited experience in dealing with crypto or it's derivatives so there could be something I'm missing. It's entirely plausible that I'm completely wrong but I'd appreciate any feedback from the community
AMEX:BITOLong
by Scuba_Steve56
6
📈 PYTH: Building Support Structure for the Next Run Up! 🚀💹📊 Analysis: Support Structure: PYTH is building support at $0.649. Next Target: Aiming for the next run up, targeting resistance at $0.797. Crucial Level: $0.687 is a crucial level; needs to claim and hold it. 📉 Potential Scenarios: Optimistic Scenario: Successful hold of $0.687, targeting $0.797. Bearish Scenario: Potential drop to $0.535 in case of a breakdown. 🌐 Note: Monitor closely for key levels and market dynamics! 📊🚀 #PYTH #SupportStructure #ResistanceTarget 📉📈
PYTH:PYTHUSDLong
by Richtv_official
Can Bitcoin Hedge Against a Falling Dollar?Global inflation often signifies a weakening of global currencies. The question of whether Bitcoin can serve as a hedge against a depreciating dollar has gained significant interest among investors. Or should it still be the Gold? In this study, we will analyse the top 8 cryptocurrencies to determine which one is a more reliable currency hedge. Bitcoin & Its Minimum Fluctuation $5.00 per bitcoin = $25.00 BTIC: $1.00 per bitcoin = $5.00 Code: BTC Micro Bitcoin & Its Minimum Fluctuation $5.00 per bitcoin = $0.50 BTIC: $1.00 per bitcoin = $0.10 Code: MBT Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:BTC1!Education
by konhow
1
BTC and the DXYOvernight as the DXY strengthened massively, Bitcoin fell to retest the support level of 22,000. Hence, again highlighting the relationship between BTC and DXY. Bitcoin has become a popular alternative investment option that has garnered the attention of traders worldwide. Meanwhile, the US Dollar Index ( DXY ) remains a crucial benchmark for the strength of the US dollar against a basket of major currencies. Although Bitcoin and the DXY may seem unrelated at first glance, there is evidence of a negative correlation between the two. One reason for this correlation is that Bitcoin is often viewed as a hedge against inflation and a safe haven asset in times of economic uncertainty. As the value of the US dollar weakens due to inflation or other factors, investors may turn to Bitcoin as a store of value. Additionally , monetary policy decisions made by the Federal Reserve can have a significant effect on the value of the US dollar. When interest rates are low, investors may seek higher returns in alternative investments, such as Bitcoin. On the other hand, when interest rates are high, investors may prefer to hold US dollars, leading to a positive correlation between the DXY and Bitcoin. Lastly , another factor influencing the correlation between the DXY and Bitcoin is the increasing use of Bitcoin as a means of payment and store of value in countries experiencing economic turmoil. In these cases, a weaker local currency may drive demand for Bitcoin as a more stable alternative, leading to a negative correlation between the DXY and Bitcoin. So, how can traders make use of this information? One way is to monitor the DXY and Bitcoin charts and look for signs of correlation or divergence. For example, if the DXY is showing signs of strength, traders may consider reducing their Bitcoin positions or even shorting Bitcoin. Conversely, if the DXY is showing weakness, traders may want to increase their Bitcoin positions or go long on Bitcoin. Furthermore, traders can also use technical indicators, such as moving averages and Relative Strength Index (RSI), to identify potential trend reversals in the DXY or Bitcoin. By combining technical analysis with an understanding of the correlation between the DXY and Bitcoin, traders could make more informed investment decisions. Ultimately, the negative correlation between the DXY and Bitcoin is a crucial relationship that traders should monitor. And by understanding the factors that influence this correlation, traders can make informed investment decisions and adjust their strategies as market conditions change.
BITSTAMP:BTCUSD
by JinDao_Tai
ALGO/USDT Cut & Handle spotted Hello guys Another one one our watchlist is ALGO/USDT pair. As on THETA this one also has formed our favourite pattern which is "Cup & Handle" pattern. This pattern has been working out nicely for us so let's see if ALGO can secure the price above the neckline which would lear the price of ALGO to go towards EMA100 and possibly EMA200. If you like ideas provided by our team you can show us your support by liking and commenting. Yours Sincerely, Swallow Team 🔱 Disclamer: We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
Long
by SwallowAcademy
11
The big seller moves the price lower. Time to sell!The tool shows an upward movement. Updated the high and removed liquidity for $ 1600, now there is a pullback to the support zone. There is also a large seller at a price of $ 1518 (132k coins) who pulls the price down, buyers are in no hurry to buy back this asset, the volume of buyers is weak, which suggests that the seller can easily push the price, I expect a trade near the levels, I will go in when activity in the glass, as well as with the activity of a large seller.
Short
by CScalp_EN
1
A look historical Crypto MarketCap DropsSince 2013 Crypto went through 3 major bear cycles. Let's compare the current drop in Market cap to past bear cycles. 2015: In 2015 Crypto market-cap crashed from the All time high of 8.9B to 2.1B High: 8.9B Low: 2.1B Percentage Drop: 76.4 % 2018: In 2018 after a crazy bull run and mainstream attention, market cap dropped from 761B to 91B High: 761B Low: 91B Percentage Drop: 88 % Percentage increase in Mcap from previous Low: 31,138 % increase 2022: The current ongoing bear run has put lot of new investors in losses which they have not seen in traditional market, MCap crashed from a 3.009T to 859B High: 3.009T Low: 859B Percentage Drop: 71.4 % Percentage increase in Mcap from previous Low: 3206 % Cheers GreenCrypto Follow us for frequent Crypto analysis.
CRYPTOCAP:TOTAL
by GreenCryptoTrades