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🔥 ID Breaking Out Of Bear Trend: Huge Potential!ID has been trading bearish for 2.5 months, losing over 75% of its total value in the process. However, it seems that there might be an end to the selling. ID is currently underway of breaking out through the dotted diagonal resistance line. Wait for the 8H candle to close above the line to confirm the break out and scout an entry. Target placed at 1.00, stop below the recent swing low. This trade gives us an amazing 11.6 risk-reward. For a less risky trade you could take (partial) profits around 0.50 or 0.75
Long
by FieryTrading
7
ID's Next target is 0.95$!Hi every one ID has done a Impressive Movement recently but the odds of another bullish Movement is Pretty high because the pattern which ID is in, Is a Bullish Pennant Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens, we Can Expect a Bullish Movement as much as the Measured Price movement (Pennant pole) to happen! The Next target is around 0.95$! 🟡Summery: -ID has been Bullish Recently! -The odds of another Bullish Movement is High! -Bullish Pennant is Visible on The chart! -No break out yet! -Next Target at 0.95$ 🤑Stay awesome my friend Thank you for seeing idea . Have a nice day and Good luck
Long
by CobraVanguard
6
SPACEID IDUSDT Price analysis (4h)Hello dear traders and investors of TradingView community! Having witnessed a remarkable surge in recent weeks, the price of SPACE ID (IDUSDT) embarked on an impressive rally, originating from the accumulation zone established between 0.44 and 0.50 during the initial weeks of April. Surpassing all expectations, the price soared to reach the remarkable threshold of one dollar by the middle of the month. Nevertheless, it subsequently encountered a modest setback, retracing to the 50% Fibonacci retracement level. At present, the price is consolidating, characterized by a period of stability and range-bound trading, potentially paving the way for an anticipated breakout. Market observers and investors are keenly monitoring the situation, anticipating a potential upward surge from the current level of 0.64 towards the projected target of 0.75. What are your thoughts on this post? Give it a Boost 🚀 if you agree and leave a comment to share your perspective!
by Vestinda
9
$ID RALLY: Bearish Divergence VS SPACEX Factor BINANCE:IDUSDT Amongst the crypto community the sentiment attached to SPACE X is that a successful launch would rally all of crypto. The correlation between successful launches and crypto market cap(s) is unknown. However I agree with this perspective, and I'm eagre to see how it plays out. So its noted, and plotted for 9AM EST (2hrs from now). People are expecting Elon Musk too genuinely put DOGE coin on the moon... pundits are expected to shift the conversation too tokens of true utility with genuine business use case. I do see strongly branded projects mooning. And the eToro x Twitter partnership becoming common knowledge as a common talking point when discussing his successes on air. 450,000,000 DAU (daily active users) getting crypto info is huge. Could retrace to .80 or .78 USD but... i doubt it. There's 66,000+ holders, and the project is on over 30,000 watchlists. The retracement is normal, remember in the past 7 days we crossed 106% in growth, so this isn't a dump. Its a minor correction at best before we continue blowing shorts out of the water. Personally I'm bullish and I expect to rally from here. #SPACEID being down 10% is nothing.... its already hovering, settling, and repositioning for another breakout to the upside. It's successfully battled the -10%. It gives me confidence to see it stand up to the selling pressure. Also, people taking profit is too be expected. If we trail sideways I'm fine with that. BINANCE:IDUSDT Bonus Historical Data: One of the most publicized SpaceX launches was the Crew Dragon Demo-2 mission, which took place on May 30, 2020. Here are the approximate Bitcoin and Ethereum prices for the day before and after the launch: May 29, 2020 (Day before the launch): Bitcoin: ~ HKEX:9 ,400 Ethereum: ~ HKEX:220 May 31, 2020 (Day after the launch): Bitcoin: ~ HKEX:9 ,700 Ethereum: ~ HKEX:235
by BIG-BLACK-CRYPTO