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VELO/USDT Ascending TriangleVELO in USDT pairing is forming an Ascending Triangle. This is typically a bullish pattern. A breakout can send us up 10-20% (green box) area. On the other side, there is much resistance here at top of triangle. BTC also can consolidate some from its previous pump and make alts cool off, in the case BTC consolidates we can see VELO and other alts break down into the (red box) areas. Stop loss would be a violation of the bottom support trendline in the triangle. Right now we are anticipating strong momentum to push us through while understanding market conditions and knowing where to place SL.
by UnknownUnicorn28488832
IDEA - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. IDEA is approaching a demand area so we will be looking for buy setups on lower timeframes. on H4: IDEA is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, IDEA would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
4H MATTERUSDT PUMPNEW LISTING antimatterdefi $MATTER gets listed on #KuCoin! Pair: MATTER/USDT Deposit: now open (network: ERC20) Trading: 10:00 am on Sep 28, 2021 (UTC) Withdrawal: 10:00 am on Sep 29, 2021 (UTC) Details:kucoin.com/news/en-matter-gets-listed-on-kucoin?utm_source=twitterinfo… #DeFi #NFT New token contract address: 0x9B99CcA871Be05119B2012fd4474731dd653FEBe Liquidity is added to @uniswap and tokens will be airdropped right after liquidity provision. $MATTER
MLong
by Fattah_Roshnfekr
3
Ascent or descentIf we look at the chart, we see that a long-term downtrend line is pushing the price down . But in the meantime, we see a support.The trend line and the support form a descending triangle Trading volume also confirms that it will be a downtrend.If this happens and the price goes down, the most important support will be in the range of 11.09 , But if buyers perform a miracle and break the downtrend line, the price can rise significantly. This is not a financial recommendation. This is just a technical analysis.
Short
by mehran_analyzer
Buyers in the latest trenchesIf you take a good look at the price chart, you will notice that the trading volume in ascending candlesticks is very small compared to descending candlesticks.This is one of the reasons why Bitcoin has entered a downturn.If the market pattern continues to move further, further price declines are more tolerable unless fundamental news comes to the rescue.In the downtrend, the most important resistance is 42463 and after that the psychological level is 4000 next resistance But if a miracle happens and the trend goes up, you can see the resistance level of 52717 from the higher price. This is not a financial recommendation. This is just a technical analysis.
Short
by mehran_analyzer
TRX is more confused than everA look at TRX daily chart shows that the long-term and medium-term trends are bullish.But the short-term trend is very confusing , The price candle on September 22, for example, was very promising, but the trading volume was small , As a result, buyers were unable to offset their losses on September 23 and a Dodge candle was formed.Today the situation has become more complicated and after the formation of the Dodge candle, now the price changes with emotions.I think the downtrend is more likely Because with a simple look at the chart, it can be seen that the power of descending candlesticks is more than ascending candlesticks.In the short term, the most important support is 0.085 and the most important resistance is 0.12. This is not a financial recommendation. This is just a technical analysis.
Short
by mehran_analyzer
7
KCS/USDT Broader consolidation wedge is forming. Buy opportunityIntro: - KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase. - Often times Coins are listed earlier on KuCoin than on other major trading plattforms. - The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors. - It takes some time to create such ideas and drawings. You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations. Daily chart: - KCS failed to break through the 15$ line and crashed together with the whole market. Currently price is near the bottom of the consolidation wedge. - The RSI declines and probably finds support around the mid 30's. - Volume keeps decreasing which is in line with a extended consolidation. - The 200MA is currently slowing down the downfall. Staying close is critical to not drop down even further. (The following description is taken from last discussion.) - KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$. - Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move. - Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase. Expectation: - The overall market crash comes most likely mainly from China fud and therefore is not considered to be "normal" price action. Due to that as well to all the on-chain data we see this as great buy opportunity and expect the price to recover and continue to go higher. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
2
VRA/USDT ready to 1000% Gain from Our Entry Level..?#VRA/USDT TA Update:- $VRA currently trading at $0.036 And looking bullish. But I can expect some Retracement also. What TA says..? As per TA we can see Neck Line resistance is Major resistance level. Which is $0.48 If break this resistance then we can see $VRA targets will be $0.23 and $0.3 But if Cup formed complete we need handle also in proper way. Wo Strong support is $0.02 I am not buying now. I am waiting for entry at $0.02 or breakout Neck Line resistance. Don’t be FOMO guys. Support:- $0.027/$0.022 Resistance:- $0.048
Long
by CryptoPatel
12