Radix - Falling wedgeRadix has broke the first resistance of the "tiny falling wedge". Now it's trying to brake the "big falling wedge". The yellow line is the target
Falling Wedge
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!
Bitcoin to 230k by February 2025There is a small chance to see 44k a very small chance - but I tend to be bullish and see 69k as support soon, as 28k was support during our previous bull run.
LUNC to 0.00018Seems like LUNA coins are building something. All luna based coins have good news recently, burns, more pairs, terra case resolved in court, have to throw away keys to wallets.
USTC BURN = 0.07We may have a big pump to 0.07 soon, it is risky since there is a lot of fud around this coin
All timeframes oversold and burn coming
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!!
Could Altcoins Rise This Weekend? Here's What We're Watching!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
Total2 (Altcoin Market Cap) Update:
Total2, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin, appears to have broken out of a falling wedge pattern in the 4-hour timeframe. The price is also holding above the 50-day Moving Average (50MA), which can be a sign of support.
Expecting a good bounce in Alt M.cap up to $1.12T in the next few days. Keep a close eye on your favorite Alts this weekend.
What are your thoughts on Total2's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Thanks!
NOT/USDT showing potential on the 4-hour timeframe!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
NOT/USDT is currently forming a falling wedge pattern, which can be a bullish reversal signal. The price is holding well around the support zone and the 50-day Moving Average (50MA).
Here's what to watch:
Breakout confirmation: A clean break and close above the upper trendline of the wedge would be a stronger sign of a potential uptrend.
Either long here or you can wait for a clear breakout.
Entry range:- $0.0150-$0.0155
Targets:- $0.017/$0.0192/$0.021/$0.025
SL:- $0.0138
Lev:- Use low lev(Max 5x)
IO/USDT LONG TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
IO/USDT looks good here in a 2-hour time frame. Breaking out from the falling wedge-like structure in a 2-hour time frame. Long some here and add more in the dip.
Entry:- At CMP and add more up to $3.4
Targets:- $3.73/$4.23/$4.72/$5.14
SL:- $3.28
Lev:- Use low lev (Max 5x)
What are your thoughts on IO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
VET - Falling wedge - Waiting on Breakout#VET/USDT #Analysis
Description
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+ VET has formed a clear wedge pattern, and a breakout seems imminent.
+ If the price breaks out from this falling wedge pattern, we can expect a significant price increase.
+ I'll enter a trade after the breakout occurs.
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VectorAlgo Trade Details
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Entry Price: 0.03653
Stop Loss: 0.02987
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Target 1: 0.03959
Target 2: 0.04374
Target 3: 0.04893
Target 4: 0.05911
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BITCOIN → Liquidation and retest of support. When is 74K?BINANCE:BTCUSD is not ready to pass through 71500 yet and continues the correction phase, testing local lows and liquidating buyers in order to increase the position of a major player. Consolidation is clearly visible on the higher timeframes.
The resistance area of 71500 plays an important role for the market, a breakout and consolidation of the price above this area will mean that the market is ready to go higher than 74K, but, the market has not yet gathered the potential and, therefore, the consolidation continues. Bitcoin is currently in the range of 71500 - 64500. It is worth paying attention to the upward support, marking a bullish trend, and the 64500 area. The bulls will actively defend this area and if they fail, the price will head towards 61500 - 59000, 56400, but the most likely scenario is a false breakdown of 64500 followed by price strengthening to the resistance of the 71500 range.
Support levels: 64500, rising line, 61500
Resistance levels: 70000, 71500
The coin continues to consolidate. Sooner or later this phase will move to the phase of realization (distribution), based on the general data it may be growth, but no one excludes dump and retest of lower liquids zones before further growth.
Regards R. Linda!
LayerZero(ZRO) is Ready to Go UPLayerZero(ZRO) has been listed on various exchanges for less than 3 days, and it has been trending downward due to the Airdrop that LayerZero(ZRO) had.
What is LayerZero(ZRO)!?
LayerZero is an omnichain interoperability protocol designed for lightweight message passing across chains. LayerZero provides authentic and guaranteed message delivery with configurable trustlessness. It is a “blockchain of blockchains” that allows other blockchain networks to communicate directly and in a trustless manner.
From the point of view of Classical Technical Analysis , LayerZero(ZRO) seems to have created two Reversal patterns : an I nverse Head-and-Shoulders Pattern and a Falling Wedge Pattern .
I expect LayerZero(ZRO) to rise at least until the next Resistance zone($3.67_$3.50) after breaking the Neckline and Resistance zone($3.17_$3.08) .
Note: An important point you should always remember is capital management and lack of greed.
LayerZero Analyze (ZROUSDT), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
EURUSD → Readiness for further decline. Target 1.0600FX:EURUSD is in a bearish channel. The price is below the resistance at 1.0725, there is a possibility of retesting the liquidity area before further decline. The fundamental background is weak and the actual target is 1.0606
Globally, the market is neutral-bearish. The lower boundary of the symmetrical triangle on D1 is the actual target (testing the liquidity area). Based on the general situation on H4 it is worth paying attention to such zones as:
Resistance: 1.0725 (possible false breakout)
Support: 1.069 (breakdown. Consolidation below will activate sell-offs).
The market has a potential of about 1.10%.
No news today, the fundamental and technical background is still in place.
Resistance levels: 1.0725, 1.0812
Support levels: 1.069, 1.0606
On the daily timeframe, last week is closing very poorly, which most likely may hint at a possible continuation of the decline. The key target has not been reached yet, the potential is open.
Regards R. Linda!
