NEO: Potential Breakout from Falling Wedge?Hey everyone!
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NEO looks good in daily time frame. It is forming a falling wedge like structure and trying to breaks out from it. It also holds a support (Green box) very well so far. After a confirmed daily candle close expecting a good 70-80% move to the upside from here.
Entry range:- $10-$11
Targets:- $12.3/$14.4/$16.8/$19.5
SL:- $8.30
What are your thoughts on NEO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Falling Wedge
ADA: POTENTIAL FALLING WEDGE BREAKOUT!Hey everyone!
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CARDANO(ADA) Looks good in the daily chart. It breaks from the falling wedge-like structure and looks ready for a 60-70% move to the upside. Buy some here and add more in the dip.
Entry range:- CMP and add more up to $0.394
Targets:- $0.454/$0.512/$0.568/$0.613/$0.684
SL:- $0.3636
What are your thoughts on ADA's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
GOLD → Correction for the purpose of elimination. Target 2400?FX:XAUUSD is forming a correction from the opening despite the bullish closing of the session on Friday. Fundamental background is calm, technical reaction to the false break of 2387.
Friday's move was formed on relatively positive economic news for gold - higher unemployment in the U.S. reinforces the dollar sell-off as the chance of a possible U.S. interest rate cut rose slightly. This week traders' focus is on CPI and PPI, which will be released on Thursday and Friday.
Technically, there is a buyer's presence in the market. MM, as consolidation and elimination of the buyer forms a correction to the liquidity zone 2364-2355. Possible consolidation or false breakdown before the subsequent growth.
Resistance levels: 2387, 2411
Support levels: 2364, 2355
Today, at 14:00 Powell speaks, it is worth paying attention to his speech. High volatility is possible. In general, the fundamental background is favorable, technically, the bull market is forming a correction to support. Emphasis on the bulls.
Regards R. Linda!
BUYING JUP HERE WITH EASY INVALIDATION!!Hey everyone!
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JUP looks good here. Forming a falling wedge-like structure in the daily time frame and holding the support (Green box) very well so far and bouncing from here. Buy some here and add more in the dip.
Entry range:- $0.64-$0.74
Targets:- $0.86/$1.02/$1.38/$1.62
SL:- Daily close below $0.62
XRDBTC ready for 9x(?)As you can see here, Radix - Bitcoin (XRDBTC) is in a huge falling wedge. A falling wedge is a bullish pattern. After years of waiting it will now probably/maybe(!) breakout. Radix delivers great tech and is therefore a very interesting L1 solution for DEFI.
Check the RSI, which is now in the 80-20 zone.
When you look at the yellow dotted lines you can see the potential when it will break-out.. DYOR!
The last bullish chance of NOTCOIN in short-term !!Hi.
🔵We have a Bullish Structure here
NOTUSDT formed a falling wedge on 1D timeframe🤔
Up we go if we do breakout . The price is at the bottom of the channel and also in the wedge, these pressures will eventually make the price rise.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
XRP → Rally to 0.730 ↑ The fundamental denouement is comingBINANCE:XRPUSDT is approaching a possible decoupling, both technically and fundamentally. Positive signs of life could lead to a rally, first stop could be around 0.73.
On W1, the coin is trying to live, but there is a huge fundamental reason that keeps the price from going beyond resistance and flat: The SEC v. Ripple litigation.
The Ripple vs. SEC case is a pivotal moment for cryptocurrency regulation, as a final victory would be a strong green sign for the entire cryptocurrency community amidst the SEC getting a number of restrictions on its activities lately due to overstepping its authority.
Ripple's CEO believes that the final verdict could come at the end of the summer. Everyone is counting on a positive outcome for XRP:
The court found that Ripple violated federal securities laws by making institutional sales of XRP, but dismissed other charges brought by the SEC.
Ripple Labs opposed the SEC's proposal to fine the company nearly $2 billion.
Ripple Labs said the court should impose a civil penalty of no more than $10 million
Technically:
Price continues to test the wedge resistance with the aim of breaking it, volatility decreases and consolidation continues. Below 0.4637 buyers are not letting the price in yet, which may lead to another retest of the resistance, which will only increase the chances of a breakout.
Price consolidation above 0.4962 will be the root cause of market character change and possible rally to 0.6265 - 0.73.
Support levels: 0.4637
Resistance levels: 0.4962, 0.5720
I expect that the buyers will still be able to break through the resistance of the bearish figure in the near future and ride the rally to the mentioned targets.
Regards R. Linda!
DOT/USDT: Potential Breakout from Falling Wedge?Hey everyone!
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DOT/USDT looks good in the daily time frame. Forming a falling wedge-like structure here and trying to break it out. A successful breakout will take the price to bear ATH. Buy some here and add more in the dip.
Entry zone:- $6.04-$6.48
Targets:- $7.4/$8.8/$10.5
SL:- $5.7
What are your thoughts on DOT's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
ADAUSDT → Change of character, are the bulls coming back? ↑ 0.77BINANCE:ADAUSDT forms a change of market character, and also breaks the resistance of the wedge. Regarding the reversal zone on W1 a false breakout is formed. The coin may move into the realization phase.
The token is lagging behind the overall capitalization and market movement, still in the consolidation phase, the boundaries of which are 0.2392 (0.4) - 0.777. In the distribution phase, ADA has chances to recover. At the moment we should consider trading inside the range and after confirmation of the formation of an intermediate bottom above 0.4 (consolidation above this zone) the market will define a new range for itself. 0.4 - 0.77. The potential in this case will be the corridor with the width of 93%.
Technically, if the bulls hold the price above 0.4, it will be a good signal for the price distribution to 0.52, further to 0.678.
Support levels: 3775, 0.400
Resistance levels: 0.42, 0.522
The bearish wedge is a strong technical pattern, capable of turning the market, but in order to start the realization, the bulls need to take the defense above the key zone, in our case it is 0.400.
With Respect R. Linda!
ETHEREUM → Long-squeeze before the rally? To the MOON, to $4800?BINANCE:ETHUSDT continues the phase of correction, the character of which is consolidation. The goal is to gather potential before possible growth on the trend. The target is 4000-4800
The main focus is on ETH-ETF, which, according to rumors, may be allowed to trade on July 2-4. This will be another positive signal for the cryptocurrency community, as this fact may expand the underlying demand for cryptocurrencies and attract additional capital.
Fundamentally, ETH is seeing an increase in the number of active wallets, traders are actively buying call options with strike 4000 and expiration in September, Ethereum Foundation is not selling ETH now as it usually did close to market tops, which together gives positive signs.
The asset price is in a downward correction at the moment. The essence of this movement is the asset's consolidation before further strengthening.
Resistance levels: descending wedge line, 3678, 0.5 fibo
Support levels: 3200, trend line, 0.79 fibo
Technically, liquidation of buyers in the liquidity area formed behind the trend support is possible, long-squeeze may lead to a rally.
Regards R. Linda!
Downtrend Wedge Pattern Breakout in PYRAMIDAt this point, you can enter a long position, set your stop loss just below the resistance level or consolidation zone, and set your target to height of the downtrend wedge pattern from this level.
Note: Consider this post as an educational purpose of Downtrend Wedge Pattern (Falling wedge). Before taking any trade, decision don't forget to take advice from your financial advisor.
UNFI → Resistance Retest. Ready for a breakthroughBINANCE:UNFIUSDT is showing positive dynamics amid the red cryptocurrency market. The coin is approaching strong resistance and we have the potential to catch a breakout with subsequent growth.
On the weekly timeframe, the coin is still in consolidation (range 16.0 - 2.5). But, against the background of the general neutral trend we have a downward resistance, which is once again being retested. A pre-breakout consolidation is formed against the wedge resistance, due to which an attempt to break the line and further strengthening can be formed. An initial test of resistance may lead to a small bounce, but a quick retest will increase the chances of a breakout.
Support levels: 3.281
Resistance levels: 5.716
I expect the formation of a local consolidation with a gradual push to the resistance of the wedge and further breakout.
Regards R. Linda!
VANRY/USDT: Watching Retest After Breakout - Time to ENTER?Heads up, crypto traders!
VANRY/USDT is making some interesting moves on the charts.
Here's the situation:
VANRY/USDT recently broke out of a falling wedge pattern, which can be a bullish technical indicator.
Currently, the price is retesting the upper trendline of the wedge.
We can expect a good upside move if the price holds this retest level.
Entry zone:- $0.124-$0.134
Targets:- $0.154/$0.168/$0.185/$0.198
SL:- 4hr candle close below $0.124
What are your thoughts on VANRY/USDT? Share your analysis in the comments below!
#BTCUSDT: QUICK UPDATE!!Hey everyone!
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Welcome to this quick BTC update.
Bitcoin (BTC) is currently trading in a pattern resembling a falling wedge in the 6-hour timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed.
Here's what we're watching:
Breakout Confirmation: A clean break and close above the upper trendline of the wedge would be a bullish signal, potentially leading to a price increase towards the $66k- FWB:67K zone.
Rejection: If the price fails to break out and falls back below the wedge, it could test the support level around $60k again.
Looking Ahead: The weekly candle close can offer additional insights into potential future price movements.
What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
Trading Idea: Counter-Trend Trading Opportunities on EURUSDEURUSD has an overall bearish trend. At this point, many counter-trend traders, including myself, are looking for counter-trend trading opportunities. We've had some luck in this regard.
Analysis:
Daily Chart:
- Bullish Shark Pattern: Confirmation is formed, suggesting potential for a counter-trend move.
4-Hourly Chart:
- Falling Wedge Trading Setup: Provides a setup to go long and take advantage of the bullish pattern on the daily chart.
Strategy:
- Bullish Shark Pattern: Use this confirmation on the daily chart to inform your decision.
- 4-Hourly Chart Long Entry: Look for entry points based on the Falling Wedge setup.
- Entry: On breakout above the wedge.
- Stop-Loss: Below the recent swing low within the wedge.
- Target: Aim for key resistance levels that align with the daily chart's bullish shark pattern projections.
Key Points:
- Counter-Trend Trading: Recognize the overall bearish trend but exploit the temporary bullish setup.
- Pattern Confirmation: Use pattern confirmations on higher timeframes to guide entries on lower timeframes.
- Risk Management: Ensure proper stop-loss placement to manage risk effectively.
What’s your take on EURUSD? Do you see any additional opportunities or setups? Share your thoughts and strategies below!
SNX/USDT BREAKOUT DONE! LOOKS READY FOR A PUMP!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
SNX/USDT looks good here. Breaks out from the falling wedge-like structure in a 4-hour time frame and currently retesting it. Long some here and add more in the green box.
Entry range:- At CMP and add more up to $1.84
Targets:- $2.08/$2.24/$2.38/$2.53/$2.74
SL:- If a 4-hour candle closes below $1.84 or if you don't pay attention then put your SL at $1.70
Lev:- Use low leverage(Max 5x)
What are your thoughts on SNX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:DOGEUSDT is forming a falling wedge on daily timeframe , Up we go if we do breakout.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!