CHZ/USDT Bullish Turnaround from Key Demand Zone ?🚀CHZ💎 Paradisers, #CHZUSDT is on the cusp of an intriguing move, setting the stage for a bullish reversal from a pivotal demand zone.
💎 Our observation of #CHILIZ reveals that after facing resistance at the supply zone of $0.11600, it's now showing signs of a potential bullish reversal from the solid demand level of $0.08678. Should the price honor this level, we might be on the brink of a significant bullish wave. However, the $0.09396 mark also demands attention as a price respect here could catapult us into the bullish trajectory.
💎 Eager to seize every opportunity? Here's the strategy: if the SGX:CHZ dips below the demand of $0.08678, we'll be on the lookout for a bullish bounce from an even lower demand at $0.06991. A break below this further level would challenge our bullish outlook.
Crytotrading
DogeCoin Ready to Rise ? LONGOn the daily chart. DOGEUSD appears to be at the support line of a symmetrical triangle
pattern with about 30% upside to the pivot high in early December. The RSI lines are stable
and flat sideways in the 40-45 range. The zero-lag MACD shows lines near to the horizontal
zero level. The Fib tool suggests that a retrace to 0.09 is a reasonable target level.
Accordingly, an upside of 30% is forecasted for the next bullish spike. I will wait for a cross of
a shorter MA line over a longer MA line as a "golden cross" sign of bullish momentum and take a
position there .
AXS/USDT Bullish Trajectory from New Support Level? 👀 🚀AXS 💎 Paradisers, focus on #AXSUSDT as it demonstrates a notable trading pattern. Recently, resistance has turned into support, indicating a high probability of an upward movement.
💎 #AxieInfinity has shown a tendency to follow a descending channel, breaking above it to embark on an upward trend. Currently, it has broken above the resistance level of $6.61 with a strong green candle. If this breakout is successfully sustained, there's a significant chance for a bullish movement. With this continued upward momentum, AXS aims to target resistance at $9.51, and may even rise further to challenge higher resistance levels at $11.52.
💎 Additionally, for #AXS, be prepared for a potential bullish rebound from the support level of $5.25. However, be cautious as a fall below this level might signal difficulties in sustaining the bullish trend.
💎 In this dynamic and ever-changing market, strategic foresight and intelligent decision-making are paramount. Developing a comprehensive trading strategy, incorporating effective money management and a thorough understanding of support and resistance levels, is essential for achieving successful trading results.🌴💰
ZEN/USDT Break out confirmed. Ready continue upward movement ?💎 Paradisers, #ZENUSDT has undoubtedly seized the market's attention. Presently, ZEN has made a successful breakthrough of a significant volume in the key supply area. This has led to ZEN entering a retesting phase in the demand area, which was formerly a supply area. While there's a possibility of ZEN returning to retest the demand area, any retracement is subject to market dynamics.
💎 However, if #ZEN manages to avoid revisiting the demand zone, it's well-positioned for continued upward momentum and could probability reach our target area.
💎 On the flip side, in the event that LSE:ZEN fails to rebound from the demand level during the retesting at $11, there's a risk of ZEN breaching the demand and descending to the lower demand area around $9. In such a scenario, it becomes critical for ZEN to stage a successful rebound from the $11 level if it intends to persevere in its upward trajectory.
💎 Should #Horizen experience a retracement to the lower demand area and fail to exhibit a rebound, it heightens the likelihood of breaching the demand area. Such an occurrence signifies a bearish turn in momentum and raises the prospect of ZEN continuing its descent, potentially revisiting the key support area.
BTC REiS "The big bro" I guess the big bro is not gonna brake its trend but he is gonna take some breath and let the defi tech to have some more further steps.. RSI line seems to be broken but SS seems to be fine still which shows me that it didnt stop but getting slow down.
As i said he is big bro.. he cares about lil bros and sisters haha..
Anyway to sum up, i m adding crypto fear - greed index so we can see that maybe we have still time to buy and wait... be brave ... ( and u have stop loss man)
alternative.me
UPDATED BUY SIGNAL Well the year of 2021 has come to an end and investors are doing tax loss selling and institutions are rebalancing portfolios options are expiring, and hedge funds only get paid if they are in profitable positions... So this is part of the weakness and in countries that tax crypto or investors are expecting them to tax in the near future they are selling and trying to rebuy lower and finally there are those just simply getting out. ....
China has raised its ugly head again making all kinds of demands and putting restrictions out, although they want their own coin....UK is the same, the banking system has cut down the currency but the want to build their own coin ..India has puts its 2 cents in and Pakistan which I learned has a big currency population so don't count them out.....
This has put us into a very oversold position on the 4 hour chart which we are using here.. we are at n the relative strength index RSI 30 ..at the time of this posting...and DOGE is at .1686.... therefore I know it has been said many times before we are not changing our opinion and still have a major buy recommendation while .32 is a double from here and at a $1.00 that almost 6x....
Now the coin its self in doing major improvements inside the currency and Vital has joined to help of the board of advisors and I look the for other major announcements early 1st quarter....
Again this is our personal opinion and don't take any responsibility of any ones trades based on our explanation and or chart... Have and safe blessed and merry New Year and may 2022 be prosperous for all your trades.......................
ETH is in the 4th wave, short order $3,700Need to some rest before climb up. Next target around $6,800.
Easily realize ETH has beed done a wave A at $4,100 in the correction wave ABC. Then it is going retracing to $4,450 and will be dipped to $3,700 finally.
In the correction wave, wave A = wave C or 1.618 Fib wave C. In my opinion, its is 1.618 wave C, why? Because, we have a previous resistance around $3,700 acts now as a support zone.
For trading, short order
- Entry $4,450
- SL: $4,565 (0.618 Fib)
- TP: $3,700 (1.618 Fib Wave C), at least $4,000.
Wait and see
Jump on the train !VET has been flying under the radar for the past few years. remember collecting it as sub 1c 2 years ago, hoping one day it will explode.
VET has indeed exploded in the bull run where is reached ATH at 0.27. Since, then, it took a fall to 0.782 support.
Having said so, the current run itself has form a cup and handle pattern, with EMA 50 crosses the 200. What is lacking now is the volume. Cup and handle has always been a very consistent pattern that the price will go up, provided with a incoming large volume. Let's see if it occurs for this case.
My long term target will still be $1. However, so short term, I think we can aim 0.27, which is about twice the return from the current price. Further on will be about 0.44.
Cup and handle is appearing in alot of alt coin charts at the moment...Also, it depends largely on the whole market situation. Having cup and handle appearing in alot of alt coins chart just mean something - things are ready to explode !!
Please comment and like the post. I do welcome those...
BNBUSDT: BULLISH FLAG PATTERN, IS THE ONLY WAY GOING UP?Hello Traders, Here's BNBUSDT Outlook for you!
BNBUSDT is breaking the upper trendline of the bullish flag pattern. The momentum indicator is pointing up in the neutral area, indicating that BNBUSDT potentially moving upward to the resistance or target area.
The roadmap will be invalid after exceeding the support or target area.
Don't forget to support the channel by clicking the LIKE and FOLLOW button!
BTC 4 TH WAVE ENDED, BUY ON DIPSRevised analysys (always good in TA) some times gives good counts
Hope the triple zigzag combo WXYXZ completed @ 29296 will be the end of 4 th wave (sharp and swift always)
The emerging wave resembles like WAVE 'B' is crossed more than 50% of 4th wave fall which is a bullish confirmation signal
support @ bullish trend line is a good sign of buy
Correction in stock markets ,cooling oil prices will pump this crypto to previous highs(65000) Before sep'21
So we are in 5th wave
Enjoy BULLS!!
$BTC - 1D bear divs almost in - time to derisk?Evident we have 1D bearish divs forming and we have had 7 green 1D candles in a row
This market should be entirely exhausted
2 weeks ago when we found the ATH I knew there was 1W bearish divergence but I didn't think the action of mass selling would take place 3-12 hrs after that weekly close, was waiting till next weekly close for the confirmation to completely derisk by which time the correction was virtually over, lol
So if this daily candlestick closes above $57425 and we see a sell for the first 30m - 1h of the open of the 12.03.21 I am very tempted to derisk a bunch and re-enter hopefully lower across the board, in BTC maybe something like in the 1D Demand zone of 51.5K-52K
On the other hand, institutions must be buying up this leg causing the 7 1D green candles, plus the stimulus and its a 1D divs not 1W divs so won't be as powerful.
Saying that 1D divs are still very strong - caused the top at 42K dropping the price in next day 8K
And that stimulus won't stop a dump rather it will help push price up after a dump.
Derisk consensus: relatively high - as BTC move down to lower 50s should wreck alts quite a bit, -20% across the board I would expect!