Layer2
ETH - Medium-Term & Long-Term View 🔎Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
ETH is still overall bearish trading inside the falling channel in red.
This week, ETH broke below the 1650.0 support zone, hence we are expecting further bearish movement till the 1500.0 support.
As ETH approaches the 1500.0 support which is intersecting with the lower red trendline, we will be expecting the bulls to kick in.
on H4: Right Chart
In parallel, for the bulls to take over again, we need a break back above the 1620.0 resistance zone.
For now, we wait ⏱
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Good Signals for Potential LongDaily Chart
BINANCE:OPUSDT is nearby support line
Chart 4H TF
OP is in Discount Zone 786 Re
Chart 1H TF
Good signals for Long Setup
- RSI Divergence
- Confluence of Fibo Clusters 786Re and 1.272 Re
OP has
- Resistance around 1.34
- FVG 1.31
- Lower support around 1.27
Wait a next move
Resistance Ahead | Third time lucky or notWeekly Chart
BINANCE:DYDXUSDT is moving up to resistance zone around 2.4 and this is third time try to break resistance.
Daily Chart
DYDX is trying to test resistance at 2.3 if it's achieved, it will confront the strong resistance at 2.4 that is big challenge
Time will tell
Resistance Ahead | Chance to ShortChart 3D TF
BINANCE:OPUSDT is in the Ascending Channel and moving up to the resistance around 1.86x
We define confluence zone at that level by the Descending Trend Line + Key Level + Golden Ratio 0.618 Fibo Re
So I expect OP will retrace to 1.5, it's a chance for Short Order
Wait a next move
OP/USDT 0.786 Retracement Target 4.1 Based on my analysis, it appears that there is a breakout of OP Optimism, which has seen it shoot up and retrace 0.786. This particular retracement level is known to be a significant area for altcoin retracements. I have observed that OP has managed to hold above turning resistance, thereby transforming it into support. While there may be some resistance at 2.9 and 3.1, I believe that it will ultimately break out cleanly, leading to a surge towards 4.1.
To conduct this analysis, I have used a range of technical indicators including Fibonacci retracement levels, fixed area volume, anchored Vvap, and horizontal supports. With a leverage of 5X, my position was opened at 2.1 and closed at 2.8 before being reopened at 2.6, which corresponds to the 0.786 retracement level.
Based on my analysis, I have identified three take-profit levels, with the first target set at 3.1, followed by 3.5 and 4.2 respectively. I will continue to monitor the market closely, and once OP reaches the 4.1 level, I will conduct further analysis to determine the best course of action.
Leverage 5 X
Position open 2.1
Closed 2.8
reopened at 2.6 (0.786)
TP 1 3.1
TP 2 3.5
TP 4.2
$OMG/USDT 4h (#BinanceFutures) Ascending trendline breakdownOMG Network (f.k.a. OmiseGo) printed a shooting star below 50MA resistance and seems about to retrace down further.
⚡️⚡️ #OMG/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 8.4%
Current Price:
1.711
Entry Targets:
1) 1.796
Take-Profit Targets:
1) 1.476
Stop Targets:
1) 2.010
Published By: @Zblaba
$OMG #OMGUSDT #OmgNetwork #OmiseGo #L2
Risk/Reward= 1:1.5
Expected Profit= +53.5%
Possible Loss= -35.7%
Estimated Gaintime= 1 week
$ARB - Top 10 Crypto - Target $18+ (15X)Though it's too early to analyze the chart, below are the reasons
Almost 60% airdrop been claimed & dropped 90% from Top
Bids at 1 - 1.5 been ABSORBED
VC tokens will be vested accordingly but as of 10% Circulation supply
Short term Ultra bullish and $ARB could seize a spot in Top 10 Crypto
Target $18+ (15X)
Finally, could #Arbitrum pose risk to $MATIC? May be
$OP/USDT 12h (#Bybit) Small falling wedge breakoutOptimism looks locally bullish and could bounce back on 100EMA support, towards previously broken levels.
⚡️⚡️ #OP/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)
Amount: 4.5%
Current Price:
2.4351
Entry Zone:
2.4351 - 2.2651
Take-Profit Targets:
1) 2.7689
2) 3.0840
3) 3.3993
Stop Targets:
1) 1.9998
Published By: @Zblaba
$OP #OPUSDT #Optimism #L2
$LPT/USDT 1D (#Bybit) Descending trendline breakout & pullbackLivePeer Token is pulling back to 200MA after breaking the downtrend, a bounce towards Fib 0.786 would make sense.
⚡️⚡️ #LPT/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.8X)
Amount: 6.3%
Current Price:
8.515
Entry Targets:
1) 8.472
Take-Profit Targets:
1) 10.694
Stop Targets:
1) 6.987
Published By: @Zblaba
Risk/Reward= 1:1.5
Expected Profit= +47.2%
Possible Loss= -31.6%
Estimated Gaintime= 1.5 months
$LPT #LPTUSDT #LivePeer #Web3 #DeFi