Crytpotrading
SKL - Possible bearish scenarioOn the weekly it looks like an "M" pattern forming that could take us down to a low support level around .20 cents. I feel like this could hinge on the movement of BTC. BTC dipping could cause skale to break down to nearest support level before rallying to new all time highs.
KLAY LONG SCALP This is a straight forward analysis. Cup and handle spotted on multiple charts and also a strong buy pressure on M30. Ichimoku breakout confirmed our entry.
NOT A FINANCIAL ADVICE.
Long $SRM - Clean Levels$SRM has entered into a big daily level, this support has held up for a while and is a key level for $SRM to hold, if this level does not hold then it is make or break, and the downside will be harsh! However, I think with the overall macro sentiment of BTC and the crypto market as a whole that this support will hold and after Sunday we will see bullish movement on altcoins and Solana, which SRM seems to follow quite well! So I think its likely $SRM has bottomed out and this would make a great long-term perp!
Waiting for ADA ...OKEX:ADAUSDT
hi guys .
here we are with just an analysis about Cardano
So when price is moving this way and has created such shape in chart , there are two scenarios :
1.Breakout to up and Sharp price growth (pump)
2.A sharp drop in prices (dump)
but according to the general atmosphere of the market which is bullish and also about Cardano that is left behind market growth , the first scenario is more possible .
And I already bought at 1.97
I'm optimistic about Cardano ...
what do you think guys ? what is your idea ?
XMR little chanceWhat's up guys !
I'm looking at Monero again , using my previous approach which yielded profit for me based on my trading style
Price is in an overall uptrend from the bigger timeframe and seems to be making higher highs
Price is currently approaching a resistance zone which could be respected or broken upwards but before then we can still scalp a little profit if and only if it breaks the 4h red trend line upwards indicated and makes higher highs , if you're a conservative trader you should overlook this as I don't suggest buying around the resistance zone
Presence of divergence too to support as a confluence
I'm also on the lookout to see if it breaks over the resistance zone ,then watch the bulls take it to the upper green trend line to continue the pattern on the bigger timeframe
what do you guys feel ?
ZECLooking like this correction is about finished. We should start 5 up soon IMO. ZEC has been beaten down by the bears for too long.
BTC This is important and retail traders need to know!Good Morning traders!
Todays update is back to BTC.
Like I always say retail traders are obvious, they have a distinctive footprint.
Mostly because hey don't think ahead in the markets.
I can see a VERY obvious stop filled area, and the longer we build orders the more likely it is that we break through to the downside.
By the time retail traders realise that they could have bought these areas they will be on the wrong side of the trade and they will be swept out as liquidity for a bigger smarter trader.
As always trade safe
EnvisionEJ
HOTSDT: BREAKOUT RISING WEDGE AGAIN, ANOTHER SHORT OPPORTUNITY?Hello Fellow Traders, here's your free outlook for HOTUSDT! Don't forget to smash the LIKES, COMMENT, and FOLLOW button to support the channel :)
HOTUSDT already brokeout from the rising wedge pattern. Breakout of rising wedge pattern could indicate the possibility of bearish movement. The momentum indicator crossed downward below the zero area, it signify the potential downside movement ahead.
The roadmap will be invalid after exceeding the resistance/target area.
DISCLAIMER:
This is only an outlook, not a recommedation to buy or sell the cryptocurrency
Will bitcoin fall at 45000 ?OKEX:BTCUSDT
Hi guys , how u doing ? I hope you're well and be progressing everyday .
Let's see the BTC chart in 4h timeframe .
- Bitcoin is moving in a descending channel
- the last resistance that bitcoin has seen was 45000
- now the price is moving up to our entry target which is 45000
- 45000 is in the top of our descending cannel and also there is resistance
-- we better keep it in our watchlist and wait for bitcoin to touch our target , but we not gonna enter the position without price action to that range (45000) and also we need to take confirmations and then enter the position
!!! Remember that bitcoin is so risky for traders , so don't forget about SL at all and have a nice money and risk management !!!
what's your idea ??
we'd be glad to see your idea in comments .