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Descending Channel

SSV is ready to hit a new all time high, time to buy?SSV is really strong; the price is near the previous all-time high. This is a strong sign for the future price. We can see that the downtrend ended with the descending parallel channel. What about volume? Volume is the most important thing because we need to see interest from other investors. If we take a look at the volume indicator, we can see that the volume is record-high. Elliott Wave strong structure (1)(2)(1)(2). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! ssv.network is a decentralized staking infrastructure that enables the distributed operation of an Ethereum validator. This is achieved by splitting a validator key between four or more non trusting node instances (‘multi-operator node’). The nodes are collectively tasked with executing the validator's duties under a consensus mechanism. In simple terms, the protocol transforms a validator key into a multisig construct governed by a consensus layer. The unique protocol improves robustness, liveliness and fault tolerance of nodes across the Ethereum ecosystem. Distributing validator keys between node instances suggests a major leap forward comparing to existing staking schemes who fall short when it comes to. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
5
XEM/NEM is starting a huge uptrend. 1500% profit this yearXEM is currently breaking out of the huge downtrend on the weekly chart. We always need to take a look at the volume indicator, and the bullish volume is really huge, which confirms my idea. The downtrend ended with a descending parallel channel and a WXYXZ complex Elliott Wave corrective pattern. We have three key resistances on the weekly chart. XEM Needs to be strong enough to break them. It is up to you which profit target you choose; on the chart, you can see three profit targets. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What is NEM? NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java. NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram. In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
XLong
by Xanrox
5
GAS is a beast, buy here againGas pumped a lot, which you can see on the chart. Now we need to think about re-buying this coin for another profit. Where to buy GAS? We have an unfilled FVGAP that I have drawn on the chart; this is strong support. Also, we have the 0.786 FIB retracement. These levels are close to each other, so place your limit orders to buy gas here. Thank me later. We also need to complete the ABC corrective pattern before another pump. Gas is a token created on the NEO blockchain platform with primary purpose of being fees for processing transactions on the NEO network. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
1
EURUSD → Correction before the fall. The trend is still downwardFX:EURUSD is forming a counter-trend correction towards the liquidity zone and resistance. The currency pair is forming a bearish trend and may continue falling from the resistance. Pic: Key resistance and support zones on the current downtrend The currency pair reaches the support at 1.07254 and forms a correction towards the liquidity zone, presumably it is 1.0820 - 1.08215. On the background of a strong bearish trend, which is defined by the strengthening TVC:DXY , the euro may continue to lose its positions after the retest of 1.08200. At the moment there are no reasons for the end of the downtrend, as the general fundamental background is the same - the dollar is strong with the confident support of the US regulators. The trend may change on the background of news related to the interest rate, but there is no such news yet. Resistance levels: 1.08215 Support levels: 50-MA, 1.0780, 1.0724 There is an assumption that the correction may end in the trend resistance zone, then, based on TA and fundamental background, the currency pair may continue to decline. Regards R. Linda!
Short
by RLinda
2
UMA can 27x this year, time to buy now?UMA is going up, and we have record bullish volume on the volume indicator. The breakout is confirmed with a huge volume spike on the major weekly chart. It looks really good; be careful of short-term corrections, but this coin can 27x this year. As per my Elliott Wave analysis, the complex correction WXYXZ is complete, and we are starting a huge impulse wave! It's clear at this point that the downtrend has ended and we can make some profits with this coin. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What makes UMA unique? Oracles are a key part of blockchain infrastructure. They enable communication between the external world and on-chain environments in a trustless manner. Oracles are vital for many parts of the blockchain industry including decentralized finance (DeFi) and Web3 applications. An optimistic oracle like UMA's uses a “true unless disputed” pattern, with a tokenholder vote to resolve disputes. Anyone can propose an answer to a data request, and it is accepted as true if it is not disputed during a verification period. The “optimistic” design differs from a price-feed oracle, where prices are streamed on-chain and are instantly final. This optimistic oracle design concept has been in development since 2014, when Vitalik first published on the matter. There have been several iterations over the years since then. The optimistic design pattern introduces the opportunity for human intelligence to weigh in. This is important for Web3 projects as they require arbitrary data that is not always possible to turn into code. Today, the OO provides flexible, unique dispute resolution involving any kind of question or data with human input, as compared to price feed oracles, which can only push regular price updates onto chains.
Long
by Xanrox
28
GMT Is breaking out. Pump is starting, here is why.GMT is really bullish because the downtrend ended with a descending parallel channel. Volume is starting to be really high, which is a good sign. WXYXZ corrective pattern is complete, also a good sign. Where to take profit? I recommend 3 profit targets at this moment. Choose wisely, my last profit target is the previous all time high, which is a strong resistance and I don't think it will break on the first try. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! FSL (GMT) was founded in August 2021 by Australian blockchain entrepreneur Yawn Rong. Mr. Rong has previously founded Crypto SA, an Australian crypto fund and pro-regulation auditor, and has served as an ambassador for Algorand and as an industry representative of the South Australian Blockchain Association. He founded STEPN with his neighbor and partner Jerry Huang, a game developer and former founder of Falafel Games. FSL raised a significant $5 million seed round from some of the biggest crypto venture capital firms like Sequoia Capital, Folius Ventures, Solana Capital, Alameda Research, 6th Man Ventures, DeFi Alliance and several others. Several notable angel investors include Santiago R Santos and Asia Partner of Republic Zhen Cao. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
POWR Ledger is going crazy, 10x still possible?POWR by Ledger is a very promising coin, as Ledger is one of the most popular crypto hardware wallets in the world. Fundamentals are pretty strong, and there is no doubt that this coin is going to continue in this promising uptrend. We are in a parabolic phase, so do not expect strong corrections. 10x is, in my opinion, still very possible if you buy the coin now. We can see that the bullish volume is relatively strong. I am expecting an all-time high in 2024 very soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
4
Beam is the next 100x coin. Time to buy.In my opinion beam is the next 100x coin. The price is still very cheap so you can buy it on the spot market. I believe we are going to hit a new all time high in 2024. Why I think it is bullish? I remember back in 2020 when everyone was talking about BEAM and JIM. Now the time has come for massive profits. We can see that the downtrend is broken by bulls and we have a strong bullish candles. This is a good sign. Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
Long
by Xanrox
13
🇪🇺 EURUSD 🇺🇸 - A strong dollar is bad for the euroEURUSD may soon overcome the boundary in the form of support. Against the background of the downtrend, the price is forming a retest of support after a false breakout of resistance. This may be a strong signal for further price decline to 1.06655 Reasons for further decline: 1) False breakdown of resistance on the background of the downtrend 2) Strong dollar negatively affects the euro 3) Weak pullback. Price forms a retest of support
Short
by AndeWave
4
HNT is starting a huge uptrend, time to buy?We can see that HNT Is starting something very big. The downtrend ended with a descending parallel channel, and now we are in a brand new uptrend. The WXYXZ Elliott Wave corrective pattern has been completed, and we have already started a new impulse wave. What about the volume indicator? We have an elevated bullish volume, which is very important and confirms my bullish bias. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature. Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities. Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT. The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable. In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
10
OM can 12x in a few weeks. Buy now?Technical analysis Since my last technical analysis on OM, this coin made 190%. I believe this trend will continue in the next few weeks and month and soon we will hit a new all time high. We can see that the volume is extremely strong and whales are buying. There is absolutely no sign of weakness at this moment and the price action looks absolutely unstoppable. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. About MANTRA MANTRA is on a mission to build the world’s preeminent and most-trusted decentralized finance ecosystem by bringing security, compliance and democratized access to DeFi. Through its flagship projects including MANTRA Finance and MANTRA Chain, MANTRA addresses key challenges that have held back institutional adoption of DeFi.
Long
by Xanrox
3
HUT - a crypto-mining stock setting up for a long tradeHUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or less parallel channel and testing the lower support trendline of that channel. The last trend down took about six weeks. A Fibonacci 50% retracement would take price to 12 while the top of the channel resistance which is falling would be in the zone of 14. Accordingly, a long trade could be potentially in the range of 55-100% or so over two months or less. The stop loss set below support at 5.3 would provide for a good reward-to-risk ratio. For those who follow fundamentals and catalysts, HUT has a new CEO who is a turnaround specialist. Plan- I will watch to see the short time frame RSI in green cross over the 50 level. I will then zoom into a 60-120 minute time frame and look for an entry point with narrow-range candles also going red to green and then take a long trade with those two targets. There are no options for this stock as far as I can tell.
NASDAQ:HUTLong
by AwesomeAvani
Sell USDCAD Bearish ChannelThe USD/CAD pair on the M30 timeframe exhibits a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: As visualized on the M30 chart, the price has been confined within a descending channel characterized by two falling lines: a resistance line and a support line. This ongoing downtrend signals continued selling pressure. Sell Entry: Consider entering a short position around the current price of 1.3460, positioned close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.3414 and 1.3396, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.3485. This helps limit potential losses if the trend unexpectedly breaks upwards. Thank you
Short
by KABHI_TA_TRADING
21
Sell EURCAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe exhibits a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.4503, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 1.4465 and 1.4452, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.4523. This helps limit potential losses if the trend breaks unexpectedly. Thank you
Short
by KABHI_TA_TRADING
10
EURUSD → How long will the bearish trend continue?FX:EURUSD tested downtrend resistance earlier, bears are keeping the price down and forming a tight stance amid a strengthening TVC:DXY . On the high timeframe we see the current bearish trend, within which the price movement will continue until more favorable times. The target in the medium term may become the area of 1.06300 - 1.0450 On H4 we are interested in the support at 1.0780. Since this is a local risk area for sellers, a strong downward impulse may be formed if this area is broken and the price consolidates below it. But, no less important level is 1.0724 from which a rebound may follow, as it is the lower boundary of the range. But another retest of this zone may lead to a breakout and further decline. Resistance levels: 1.0830, 1.0887 Support levels: 1.0780, 1.0724 In the long term, with a negative fundamental background and bearish trend, the price may continue its decline to the above targets. Regards R. Linda!
Short
by RLinda
9
Sell USDJPY Bearish Channel The USD/JPY pair on the M30 timeframe displays a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 148.03, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 147.37 and 147.03, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 148.40. This helps limit potential losses if the trend breaks unexpectedly.
Short
by KABHI_TA_TRADING
9
Sell GBPJPY Bearish ChannelThe GBP/JPY pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel, characterized by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 186.40, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 185.50 and 185.02, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 186.90. This helps limit potential losses if the trend breaks unexpectedly.
Short
by KABHI_TA_TRADING
2
GBPUSD → What could free the price from the sideways range?FX:GBPUSD is in a flat range condition. The whole market has been standing still lately, which complicates trading due to the lack of safe zones to open trades. Yesterday was an interesting trading day in terms of outlook. The news from FED & FOMC defined a rough medium term outlook for the dollar, so we can use this information. There is just as much important news today. Technically, the odds are higher for the currency pair to change its trend from a sideways market to a downtrend. This scenario will be able to realize a break of the support at 1.2615, but, within the range, the price may stay for a long time, until a stronger factor appears, which will free the price. Resistance levels: 1.2784 Support levels: 1.2615 Today's news could also raise the volatility in the market. If the Dollar ( TVC:DXY ) continues to get support, but the pound will break the area of 1.2615 and the price may head towards our targets. Regards R. Linda!
Short
by RLinda
21
DOTUSDT - Bearish channel is dragging DOT down 🔽BINANCE:DOTUSDT (4H CHART) Technical Analysis Update TOKEN is currently trading at $6.99 and It got rejected from the bearish channel resistance 4 times (two times in 1 week ). Overrall rend is showing bearish and we can expect the price to reach its next support around 6.6 and major support around 5.9 NOTE: This is a high risk trade, enter with smaller capital than usual Long Entry level: $ 6.99 - 7.05 Stop loss: above 7.332 Target 1: $ 6.6 Target 2: $ 6.27 Target 3: $ 5.9 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Short
by GreenCryptoTrades
1