KDA - Price has hit the floor#KDA/USDT #Analysis
Description
---------------------------------------------------------------
+ KDA has experienced a significant downtrend, with the price hitting rock bottom.
+ It's seen a 98% correction from its previous all-time high (ATH).
+ We're now observing a slight bounce back from the support zone, indicating a potential reversal in the trend. This presents a good opportunity to go long and capture the reversal.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 0.47818
Stop Loss: 0.35421
------------------------------
Target 1: 0.64553
Target 2: 0.90276
Target 3: 1.75005
Target 4: 3.67304
Target 5: 5.56133
------------------------------
Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
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
Floor
2 reasons for gold to reverse, 2 for continuing droppingReason 1 for bullish is, course picked up volume and reverses at daily floor. Secondly RSI in H4 is showing convergence, it could drop further along the floor and then take a turn around.
Reasons to continue are first of all the liquidity gap below our range: As Gold had reached an all time high few weeks ago, it could look towards consolidating in a lower daily channel.
Furthermore, momentum is incredibly strong at an Asian Market hour where less people are aware of the big moves happening. Another reason could be that all contracts from before were skipped in order to reach a lower range.
As long as I do not see clear reversal structure in H1 I would keep looking out for shorts, as those have a higher probability to reach maximum distance.
If course reaches below 2080 with candle close in a significant time frame, I am expecting further dropping towards 2011. (beware of fake outs)
New H1 floorIf I didnt know this went all the way down last week I would look for sells in this setup, but because a lot of data is missing, in which it reversed various times, it could become a buyers market and break bullish.
There are a bunch of Key Levels at the current price. Do not like this area.. Period.
XAUUSD on new hourly floorI have a weekly analysis here where we see that Gold is reaching a new hourly floor at an Intraday Key Level. We do not know where its going, but it looks like buyers get more and more intersted depending if they expect a lower reversal or not. (I do not think we need more resistance to start looking for reversal patterns in H1 towards bullish)
Will keep you updated.
For me the course doesnt have enough momentum and power yet for a clear direction. Daily Key Level is activated and expecting a reversal towards bullish for the beginning of the week.
Also check volume and available contracts, sometimes there are enough orders on friday of last week to define a direction. If not, we are expecting up and down movements around the POC (point of control) on Monday.
ETH - Building Block 🏢Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🏢 Imagine ETH is trading inside a building, and you are currently on the fourth floor.
📌 $3500 is currently your floor/support. For the bulls to take over, we need a break above $3600.
In this case, movement up to the ceiling at $4000 would be expected.
📌 Meanwhile, $3500 is the ceiling pushing the price down to the floor around $3000 - $3100.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
btcusdt Hello friends, I have a question that I already know the answer to, but I wanted you to think about it first, in your opinion, which movement Bitcoin will do first, for guidance, it is better to check its past movement compared to the resistance or volume support that I have shown. .. but for the bit to go up, it needs at least 39,000 to do this break and fall to a certain point that I specified in the previous analysis, and in my opinion, the next highest bit number that may last for the next 2 years is 90,000, of course you should know. In this upward movement, it will definitely have corrections of 30% or 20%.
ETH - Building Block! 🏢Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Imagine ETH is trading inside a building and you are currently on the third floor.
📌 1230 is currently your floor / support. For the bulls to take over, we need a break above the orange channel AND orange zone.
In this case, a movement till the ceiling 1300 would be expected.
📌 IF the 1230 support is broken downward, then you will be visiting your neighbor in the second floor to discuss ETH situation.
and so on...
As long as you are inside the building, you will be moving between these floors (locally)
📌 UNLESS you break below floor 1 or above floor 3, then you will leave the building for a longer journey.
If you break above floor 3, above 1300, then your next checkpoint would be around 1400-1500 resistance
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Negative-Price Oil Trendline Establishes Floor at 100.38A trendline drawn from the all-time low of -40.32 to the November 29, 2021 weekly low was tagged perfectly by the December 20, 2021 weekly low which occurred 3 weeks after the November low. This seemingly-unlikely tagging of a trendline which starts at a negative value suggests that the trendline may be respected if we approach it from the current $108 price level.
In the coming week which begins July 4, 2022, the trendline is at the price level of 100.38 and in the weeks that follow, it goes higher, therefore, it can be said that it has established a floor at 100.38.
There is also a parallel channel which many traders are watching some variation of. It establishes a floor of 100.17 as shown.
There is a volume profile drawn covering the price action from after the Russia/Ukraine conflict began up until today. Looking at it and at the setup on the week of February 4, 2008 which is similar to the current setup when looking at the 9/20wk smas and weekly candles, a swing long entry can be anticipated below 103 and above 100. A price target would be north of $120 if the 2008 situation is repeating itself.
The trendline increments at 1.22 cents per week so next week the floor will move up to 101.60, the following week it will be 102.88, the week after that it will be 104.10, etc.
Ethereum continues to face massive resistance cluster near $3,30Ethereum price managed to push through a crucial hurdle and flip into a support floor after the second attempt. A resurgence of buying pressure will likely propel ETH to a new local top.
Ethereum price needs bullish momentum
Ethereum price sliced through the 50-day Simple Moving Average (SMA) on February 9 but failed to sustain this uptrend, leading to a correction. The bulls came together during this pullback and bounced off the $2,823 support level, triggering a 12% ascent. This move set a swing high at $3,187.
UPST bounceUPST i had been tracking as a risk off play so alot of people have been selling the positions especially with high inflation scares however i am happy to see it finally bounce off the 200MA cloud on my chart i will keep watching to see it build up from here before i go long with shares and options as this would be a good entry point if it starts to consolidate here, when I first reviewed this play i was already bullish and i published that video on youtube as it's great at mitigating risk while still producing solid rev as you can see from earnings reports it has been beating estimates out of the gate
$LINK: Will the $30 level hold?Hey yall, it's been a minute since I posted a $LINK chart so I'll show you what I'm thinking about at the moment.
Overall market sentiment was pretty bearish for a moment there. However, I think that was a result of a massive inflow of new money via doge and scam BSC / cake swap tokens that were blowing up on tictok etc. Massive amounts of overleveraged new traders === obvious correction. In bull markets we want to see 20-30% corrections. That's weakness leaving the market and floors being established. How low will this coin go? Did it find a strong support? Or did it just keep going down like doge did from 40 cents all the way to 15 cents.
$LINK has been slowly climbing the pitchfork that I drew in the post that I linked as a related idea. We're still actually within the median and the upper 0.5 prong. Which is very solid. We're also seeing a pretty strong support being respected at the $30 dollar mark.
So trading wise? I'm accumulating more spot. I want as much $LINK as I can get before staking arrives. In lower time frames? We want to see 30 dollars respected. We also want to see the PA reclaim the middle band from the bollinger bands. And finally we want to see the 3 period Supertrend flip back to bullish. If all 3 of those things happen? I'll be entering long positions with a minimum price target of previous ATH.
I'm posting this as a neutral position for now though, because there's too much BTC volatility to really see a clear trend. Trend is your friend for trading. Long term? $LINK is the most incredibly important crypto in the entire world. It is the foundation for which all of defi is being built upon. $BTC will always be important and massive... but #DEFI will dwarf the bitcoin marketcap by orders of magnitude. $LINK will be in the center of all of that.
AMD update: potential path based on technical analysisNo death cross on the daily chart. The stock has significant support at the $73.90 level. Most recent resistance at the $87.10 level.
4H Chart Looking Bearish Short-term but on the verge of a reversal back into bullish sentiment.
We'll see how this plays out with stimulus just being announced with the backdrop of a global semiconductor shortage. It could be choppy, be careful. There could be some chop while the chip shortage is resolved and the tech sell-off finishes, but this should be a good medium-term trade/investment to start building a position in.
Buy under $80.
Price Target $100-115
Stop Loss $70.
Do you feel safe in your bitcoin home? I am here, not to tell you what to do, but to show you your downside risk. I have been receiving your criticisms both positive and negative over the past week, and I believe that I have found the best way to publish my algorithm for the benefit of traders. I want to say thank you to all the contributors that gave me their opinion.
Here is the result
If you click that link:
1. You will see the realtime Fundamental Price Floor for Bitcoin, Bitcoin Cash, and Ethereum.
2. You will know what the possible loss can be from your holdings (if a crash happens).
3. You will have archive data that shows the optimal points of entry and exit based on the Fundamental Price Floor.
4. You will have daily updates of the data, so that you will be able to measure your RISK at all times.
I made these algorithms so that you would be able to know just how much speculation is in the market. With these algorithms you will know exactly how much risk is in your portfolio. I hope you use them to maximize your returns and sleep well knowing where you crypto stands in a worse case scenario.
You are the professionals, I am just your humble algo builder.
I hope you enjoy,
Aaron