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#HIGH On the Edge of a Major Breakout From Descending ChannelYello! 👀 Is #HIGHUSDT on the edge of a major breakout, or are we setting up for another fakeout? Let's see the latest analysis of #HighStreet: 💎After 4-5 months of a sharp downtrend, #HIGH is finally approaching a critical moment. It’s testing the upper boundary of a Descending Channel, fueled by a strong Bullish Order Block (OB) around $1.177. While this might look like the turning point we've been waiting for, don't get too comfortable just yet. 💎To truly ignite this rally, #HighStreet needs to overcome a significant hurdle—the Bearish OB between $1.55 and $1.65, which previously served as a strong support level. A breakout above this zone, coupled with increasing volume and confirmation from the 20 EMA, could signal that the bulls are ready to take over. If that happens, expect a push toward the next major resistance. 💎However, if momentum slows down, we could see a pullback toward $1.177, retesting the breakout zone. A failure to hold this level might signal trouble, potentially dragging HIGH back down to the $0.95-$1.03 demand zone. 💎And here’s the real risk—if it breaks below this major support, it would hand control back to the bears, opening the door for a deeper correction and likely crushing hopes of a short-term bullish recovery. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
ETH Journey to 2025: Key Levels and Market ScenariosHello friends, In late 2021, Ethereum ( BINANCE:ETHUSDT ) reached an all-time high of approximately $4,900 before experiencing a significant correction, dropping around 80% to a low of $880. Since that dip, ETH has been consistently making higher highs and higher lows, suggesting a potential long-term bullish trend. I'm focusing on these key levels as important points for any macro cycle movement: Pivot Points High Low Levels: HH: $4,100 (Near ATH) HH: $2,700 (Previous resistance) HH/LL: $2,100 (Critical pivot) LL: $1,500 LL: $880 (2022 low) Bollinger Bands Analysis : Currently, ETH is within the lower Bollinger Band, indicating a potential oversold condition. Historically, this has been a favorable zone for accumulation, as the price may revert to the mean once the selling pressure eases. Potential Scenarios: Bullish Case: The most critical level to watch is $2,700. A decisive break above this level could pave the way for ETH to challenge the psychologically important $3,000 mark. If ETH can establish $3,000 as support, it would confirm a higher high and potentially signal the start of a new macro bull cycle. Consolidation Case: ETH may continue to trade between the $2,100 support and $2,700 resistance, forming a tightening range. This consolidation could set the stage for a significant move once resolved. Bearish Case: A failure to hold above $2,100 could lead to a retest of lower support levels. However, as long as ETH maintains its pattern of higher lows, the long-term bullish structure remains intact. Conclusion: The $3,000 level appears to be the key for initiating a potential macro bull cycle. Accumulation near the lower Bollinger Band could be a strategic move for those bullish on ETH's long-term prospects. Risk Management: Consider using the $2,100 level as a potential stop-loss for long positions, as a break below this level could invalidate the bullish thesis. Happy Trading!
Long
by Mohamed3nan
HIGHTUSDT.4HReviewing the HIGH/USDT chart on a 4-hour timeframe provides a comprehensive look at its recent trading activity and hints at potential future trends. The chart displays a significant downtrend followed by a recent consolidation phase, suggesting a possible change in market sentiment. Key Observations: Price Movement: The price has undergone a steep decline since mid-June, bottoming out near the $0.959 mark, which now serves as a major support level (S1). After hitting this low, the price action has shifted into a consolidation phase, indicating a potential stabilization or base formation. Resistance Levels: There are marked resistance levels at $1.717 (R1) and $2.087 (R2). The price has recently shown attempts to recover, touching and retreating from R1, suggesting this is an immediate hurdle for any bullish momentum. MACD Indicator: The MACD line is currently above the signal line but very close, suggesting a potential bullish crossover. However, both lines are near the zero line, indicating a lack of strong momentum either way. RSI Indicator: The Relative Strength Index is currently just below 60, which indicates a slightly bullish momentum but still far from being overbought, providing room for potential upward movement if buying pressure increases. Technical Analysis and Conclusion: The recent stabilization and attempts to push towards R1 suggest that the market might be absorbing selling pressure and could be preparing for a bullish reversal. However, the resistance at $1.717 remains a significant barrier that needs to be broken convincingly for a sustained upward move. The next target after R1 would be R2 at $2.087, but this would require substantial buying momentum, which is currently not evident from the MACD. Trading Strategy: Given the current market conditions, a cautious approach would be advisable: Bullish Scenario: Should the price convincingly break and hold above R1 at $1.717, it could present a buying opportunity with R2 as the next target. Traders should consider setting a stop-loss just below R1 to protect against potential pullbacks. Bearish Scenario: If the price fails to breach R1 and starts turning downwards, a retest of the support level at $0.959 could be likely. Traders might look for short selling opportunities if the price breaks below the support with a stop-loss just above the most recent high. Investors should closely monitor the volume and other market indicators to confirm the strength of any breakout or breakdown before making significant trading decisions. Always ensure to use risk management techniques to mitigate potential losses.
by MarsSignals
HIGH is super bullishAccording to the waves we have on the chart, HIGH seems to be creating a big triangle. Wave A, B, and C are over. Wave C appears to have been a double hybrid correction. Now we seem to be in the bullish D wave of this triangle. It can explode while maintaining the green range. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
3
Get $HIGHHi guys! 👋🏻 🔔 Highstreet has been recovering after a slide to its historic lows. The metaverse has recovered after several notable partnerships and looks to continue its progress in partnering with Web2 corporations. 🔔 RSI, MACD and this rising wedge signal an upcoming slide towards the next support at $3.8 - $3.5. Watch these levels closely. 🔔 The cup is there, waiting for the handle to be formed. When the pattern is completed, the next resistance will be at $7.8. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Long
by azizelliott
HIGHUSDT.1DExamining the 4-hour chart for HIGH/USDT, let's delve into the details: Key Resistance and Support Levels: Resistance 1 (R1): The chart does not specify the value, but it seems to lie slightly above the current trading price, potentially near recent highs. Support 1 (S1): Again, the exact level isn't specified, but it's marked on the upward trend line. A breach below this could signal a reversal of the current trend. Support 2 (S2): $3.653 - This level might serve as a lower boundary of the trading range if a downtrend confirms. Support 3 (S3): $2.986 - A significant fall below S2 could see prices testing this next critical support level. Technical Indicators: Relative Strength Index (RSI): The RSI at 52.54 is just above the neutral 50, indicating slight bullish momentum but not particularly strong. Moving Average Convergence Divergence (MACD): The MACD is below the signal line, and the histogram values are negative, suggesting bearish momentum is currently prevailing, though it appears to be weakening as the histogram bars are small. Trend Analysis: The price has been following an ascending trend line, supporting the price on pullbacks and indicating an upward trend. This trend line is crucial as a guide for the continuation of the bullish sentiment. Conclusion: The current market condition for HIGH/USDT on the 4-hour chart shows a market at a potential turning point. With the RSI near neutral and MACD indicating a bearish momentum, traders should be cautious. The adherence to the ascending trend line will be critical in determining future movements. A hold above this line could see attempts to test R1, while a break below might see the price fall towards S2 and potentially S3 if bearish pressure intensifies. For trading, consider setting up buy orders near the trend line with stops placed just below to catch potential rebounds while managing risks. Conversely, if the price breaks the trend line decisively, it might be prudent to look for short opportunities towards S2 or S3, keeping an eye on any change in momentum indicated by RSI and MACD for potential exit or entry adjustments.
Short
by MarsSignals
New attempts to grow to 3500 before the middle of the quarterWe are very close to the change of the next month, it's time to once again weigh the prospects of the market. Due to the negative opening of the second half of the month, the market remains sluggish, but the target for the 3500 retest with an attempt to reach 4500 on the air remains relevant throughout the quarter due to its opening above 3500. New waves of growth with local interruptions can be expected from the current retest 3000. The most optimistic scenario is to take 3500 today or tomorrow and open a new monthly candle higher. In this case, we will receive a signal for stable growth with a view to moving on this quarter. Tomorrow's statistics on the United States and Europe will play an important role. In a more negative scenario, the new month will open below 3250, which will lead to continued growth on the weekly chart and make the range 3500-3750 a strong resistance. This will increase the probability of a flat for at least a few weeks. Due to the opening level of the current quarter and year, so far there are no reasons for stable sales below 2,900. The most important factor determining the further dynamics for the summer will be the opening level of the second half of the quarter. To date, I am still considering the most oversold coins with the highest possible unprocessed goals, such as vib ooki pros oax, because they left technical signals for overshooting with an increase of up to 200% from current levels. Vib and oax are more dynamic due to the presence of a pair to btc. At the same time, Vib is more reliable fundamentally for saving funds in the medium term and has signals paired with btc up to 10X. According to oax, a local overshoot has been left, then the probability of a new hike to the 0.175-190 test prevails before the 0.35 growth wave. At the opening of the month on the ether above 3500, we can expect continued growth for the 0.35 test in a row. According to vib, 0.095 is a strong support and there is a possibility of a smooth increase to 0.125 with a further sharp increase in volatility to 0.150-175, regardless of the dynamics of the ether. At the opening of the month on the ether below 3500, there is a possibility of an additional short-term test up to 0.0910-925 with further elaboration of the same growth scenario. Ooki and pros are more low-liquid, so the growth can be quite smooth. According to pros, the main goal is to recover to 0.55 with further impulses for the 0.75 test. Ooki is usually traded in pulses similar to fantokens, therefore, at the next attempt to grow ether, we can see a breakdown immediately to 0.0050-75 with a stable consolidation above 0.0025, which is the main support for the growth of volatility. With the current dynamics of the market and the end of the shopping season in April, I am not in a hurry to expand the list of coins for work, since the largest part of the market may continue to fall smoothly for several months. I will consider new coins for work after determining the opening level of the second half of the quarter, where further market dynamics for the beginning of summer will become more predictable.
BITSTAMP:ETHUSD
by Strateg_
2
HIGH/USDT Primed for a Bullish Rally? HIGH Analysis 💎Paradisers, let's examine #HIGHUSDT, which is showcasing significant market activity and is on the verge of retesting the ascending channel's support. 💎Currently, #Highstreet is advancing towards the ascending support from within the demand zone. There's a notable chance for the price to rebound from this zone and propel its way upward, aiming for the bearish Order Block (OB) as its next checkpoint. 💎However, if AMEX:HIGH does not muster the strength to rebound and instead falls beneath the demand zone, we might see a withdrawal to the Bullish OB area around the $1.33 mark, where it could find fresh impetus for another ascent. 💎The Bullish OB zone has historically been a key launchpad for significant market recoveries upon engagement. Yet, a failure to sustain this zone, indicating a shift towards bearish momentum, may necessitate a new bullish course from a further reduced position. 💎In case #HIGH doesn't leverage the momentum from this or any subsequent level, a continued decline may ensue. Rest assured, your ParadiseTeam is on standby, ready to shepherd you through these fluctuating market conditions.
Long
by MyCryptoParadise_Simon
10 EMA strategy ^BEST TREND-FOLLOWING STRATEGY^Welcome! Today, I'm excited to share with you one of the most effective trend-following strategies that is adaptable to any timeframe and asset class ( OANDA:XAUUSD , NSE:NIFTY , FX:USDCHF ), boasting a remarkable risk/reward ratio of up to 1:10. Let's dive right in. As mentioned, this strategy revolves around the Exponential Moving Average (EMA), specifically the 10-period EMA. For those unfamiliar, the EMA places greater emphasis on recent price data compared to a Simple Moving Average (SMA), providing a dynamic view of market trends. When the price on your chart is above the 10 EMA, it signifies a bullish trend; conversely, when the 10 EMA is above the price, it indicates a bearish trend. Let's illustrate with an example: Imagine a bullish trend with four consecutive green candles followed by a red candle. Our entry point occurs when this red candle, the trigger candle, fails to touch the 10 EMA. Subsequently, when a green candle crosses above the high of the trigger candle, we enter the trade. Setting our stop loss (SL) just below the EMA line beneath the trigger candle, we establish our take profit (TP) based on a risk/reward ratio, starting at 1:2 and potentially reaching an impressive 1:10. Trailing the 10 EMA line allows us to stay in the trade longer, albeit experiencing initial stop-loss hits. However, perseverance reveals the strategy's efficacy over time. Now, for short positions, such as during a downtrend characterized by three red candles followed by a green candle, our entry occurs when the low of the green candle is breached by the subsequent red candle. Setting the SL just above the EMA line above the trigger candle and TP based on the risk/reward ratio, we execute the trade. For those interested in trailing stops, there are two options: firstly, trailing along the 10 EMA line; secondly, utilizing the Average True Range (ATR) for algorithmic trading enthusiasts. With this strategy's flexibility and potential for significant returns, it offers traders a robust approach to navigating diverse market conditions. ***Here are 2 examples of Long & Short: Long position in BINANCE:SOLUSDT www.tradingview.com Short in FOREXCOM:EURCAD It's crucial not only to grasp the concept of this strategy but also to put it into practice. 💼 Start by implementing it with small capital or utilize paper trading, which platforms like TradingView offer. 📝 Additionally, don't hesitate to experiment. For instance, try using an 11-period EMA and assess its effectiveness. You might find that it better suits your trading style and objectives. 🧪💡 Remember, trading is a journey of discovery! 🚀 Don't be afraid to explore new strategies and techniques along the way. 🌟 Like (boost), follow, comment, and share this strategy to spread the knowledge and empower fellow traders! 📈🚀👍 For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
NASDAQ:TSLAEducation
by smarttrader012
High LowSome corrections go for a third or even a fourth leg, so I prefer a different labeling system to account for this and discuss it later in the books. In its simplest form, it counts the legs of a pullback. For example, if there is a down leg in a bull trend or in a trading range and a bar then goes above the high of the prior bar, this breakout is a high 1. If the market then has a second leg down and then a bar goes above the high of a prior bar, the breakout bar is a high 2. A third occurrence is a high 3, and a fourth is a high 4. In a bear leg or in a trading range, if the market reverses back down after one leg, the entry is a low 1. If it reverses back down after two legs up, the entry is a low 2 entry and the bar before it is a low 2 setup or signal. Since measured moves are an important part of trading and the AB = CD terminology is inconsistent with the more commonly used ABC labeling, the AB = CD terminology should not be used. Also, I prefer to count legs and therefore prefer numbers, so I will refer to each move as a leg, such as leg 1 or the first push, and then leg 2, and so forth. After the chapter on bar counting in the second book, I will also use the high/low 1, 2, 3, 4 labeling because it is useful for traders.
FOREXCOM:XAUUSDEducation
by RezaBayat
📈TON Breaks ATH: Eyes on $6-7 Target?🚀🔥🔍TON coin has recently shattered its all-time high (ATH) with a convincing candle on the weekly timeframe, marking a significant 32% move from the trigger candle. The uptrend appears to be continuing, with a potential next target range around $6-7 based on Fibonacci levels. If you bought at lower levels, it is advisable to hold for now. ✨Taking a glance at the annual pivot points, TON has reached the R2 level and seems to be consolidating. Observing the reaction at this level will be crucial in determining the next move. A break above R2 could indicate further upward momentum, while failure and a trigger candle might signal a potential sell-off. 📊The recent influx of volume into this coin over the past two weeks suggests strong interest from investors. If there's a reaction to the annual R2 level, monitoring the trendline drawn can provide insights. In case of a breakdown and confirmation candle, selling could be considered. 💥The RSI oscillator has entered overbought territory, signaling a potential sharp movement similar to the recent 30% surge. Fundamentally, TON is associated with the Telegram messaging platform. If you believe in the widespread adoption of this messenger, investing in its coin could be lucrative. 🛒Waiting for a pullback to the trendline with confirmation from a candle could be a viable strategy if you're still on the sidelines. Keep an eye on the market dynamics and react accordingly for potential profit opportunities. 🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
Long
by itsparham96
HIGH/USDT upwardtrajectory what next? 👀 🚀 HIGH Analysis💎 Paradisers, gear up for a thrilling trading prospect with #HIGHUSDT, strategically nestled in a crucial support zone, suggesting a bullish twist ahead. 💎 Diving into #HIGH's voyage, following a recoil from significant resistance, it's ascending from an essential support mark at $2.063. Maintaining this position is key for triggering a bullish wave. Eye the forthcoming target, resistance at $2.683, where overcoming it could elevate the price to $3.117. 💎 Should the momentum for AMEX:HIGH begin to diminish, be on the lookout for a bullish bounce off the robust support at $1.595. Yet, dropping below this essential level could hint at transitioning towards bearish realms.
Long
by MyCryptoParadise_Simon