Bitcoin Long-Term Analysis: Bullish Breakout or Mid-Bull Market Bitcoin Long-Term Analysis:
The chart illustrates Bitcoin's (BTC) monthly price action within an ascending channel since 2017. The red vertical lines indicate instances when the monthly RSI entered the overbought zone, historically coinciding with mid-bull market phases.
At $75,000, BTC will encounter the channel's midline . A breakout and consolidation above this area could propel the price towards the channel's upper trendline, potentially reaching $300,000 depending on the timing of .
Currently, most indicators on lower timeframes show overbought conditions, suggesting a probable correction after BTC reaches the channel's midline. Further analysis on lower timeframes will provide more insights into potential corrective movements.
Please note: All analysis provided here is for informational purposes only and should not be considered investment advice. You are solely responsible for any investment decisions based on this information.
Longterm
SasanSeifi 💁♂ Can It Reach New Highs?
Hey everyone, I'd love to share some insights on the AXS chart! As you can see in the chart, the price of KUCOIN:AXSUSDT after a significant demand in the $4 range, broke the long-term downtrend line and experienced remarkable growth, reaching the $11 range. Now, after the correction and completion of the pullback process from the $7 range, we are witnessing positive fluctuations in the price again.
In the long term, it is expected that the price will continue to grow to the $11 target and the $14 liquidity range, and we will see a new price ceiling. To better understand the continuation of the movement trend, we should pay attention to the price reaction in the $11 and $14 ranges.
If the price breaks above $14, there is a possibility that the uptrend will continue to higher levels. Additionally, if the price breaks below the $7 range and stabilizes, there is a possibility of further correction. The probable trend is shown in the above image.
Please share your thoughts and insights in the comments below! I'd love to hear your take on the AXS chart.🙌🧐
This is not financial advice. Always do your research before making any investment decisions.✌
SasanSeifi 💁♂ SAND Potential Bullish Trend in the Long Term
As you can see, the SAND price has been on an uptrend since the 0.27 cents range. After breaking the long-term downtrend line and pulling back to it, it is currently trading at 0.54 cents.
In the long term, the probable scenario is as follows:
Given the current trend, the price is expected to rise to the target of 0.68 cents.
To better understand the continuation of the price movement, we need to see how the price reacts to the target range.
If the price breaks above 0.68 cents and stabilizes above it, long-term targets of 0.82 cents, 1 dollar, and a new HIGH are likely.
Maintaining the support levels of 0.47 and 0.40 cents is very important for the continuation of the bullish scenario in the long term.
The possible upward trend of SAND is shown in the above image along with the targets and resistance and support levels.
Please share your thoughts and insights in the comments below! I'd love to hear your take on the SAND chart.🙌🧐
This is not financial advice. Always do your own research before making any investment decisions.✌
SasanSeifi 💁♂ Long-Term Outlook - 3DayILVUSDT
Long-term Targets:
$130
$150
Current Price:
$109
Key Support Range:
$92
$75
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
TWT POTENTIAL X2 SETUPAhead of the bitcoin correction, I expect a relatively small correction of twt by about 20 percent. Historically, this asset is very strong and has a lot of interest from big players, which was shown by the unloading of the asset at the end of 2022.
I expect a correction with a likely squeeze down and further growth to about 2.4 to close the imbalance zone and further distribution of the asset.
Be careful with possible upward squeezes and do not make hasty trading decisions, it is not yet time for growth.
Suryoday Bullish long Term Buy IdeaAfter consolidation of Monts Finally Suryodaya has given a breakout and we can see the Volume is also on higher side, Since the Listing of the stock it was in downward direction, and from past year Stock is now in its bullish Run We can see a good upward move.
Disclaimer: I am not SEBI Registered; this is not a recommendation. Analysis shared for educational purpose only.
SasanSeifi 💁♂ALICE ⏩ $3/$4 /$6.50 Hi there!
As you can see in the chart, after a nearly two-year downtrend, the price of the ALICE cryptocurrency has experienced a slight uptrend from the $0.60 range to $1.50. Following this growth, the price pulled back to the $1 level and resumed its uptrend, currently trading around $2. In the long term, there is a possibility of further growth for this currency.
If the $1.50 level is maintained, we can consider a scenario where the price rises to the $3 and $4 liquidity zones. We can then expect a negative reaction from the desired areas. If the price continues to rise, we need to see how it reacts to these areas to better understand the continuation of the trend. The possible trend is also shown in the image above.
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!☺✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌🙌
Wheaton (WPM): Further Downward MovementWheaton (WPM) : NYSE:WPM
Due to growing interest in the gold market, we've decided to include a mining stock in our analysis, specifically Wheaton Precious Metals Corporation, a Canadian company that focuses primarily on gold mines. We start with the weekly chart to examine this company. It's important to note we're dealing with Canadian dollars, not to be confused. We've completed the first 5-wave cycle, although not the most aesthetically pleasing, at 76 Canadian dollars.
Since then, we believe there should be further downward movement to complete Wave C and simultaneously the overarching Wave II. We expect to enter the range of 50 to 61.8% retracement, approximately at the level of Wave (A) as we can see more clearly on the daily chart. The subordinate wave structure also clearly shows that we're in a Flat structure. Based on this, we expect to see a 5-wave downward structure.
Should the rising gold prices cause an increase instead, we would invalidate the bearish scenario once we surpass the levels of 64.42 Canadian dollars and then 71.4 Canadian dollars. If this does not happen, we continue to expect to see Wave 3, 4 & 5. Incidentally, we've also precisely completed Wave 2 at the 78.6% level. Therefore, we are very confident there should be further decline before we consider long-term entries in the mining stock of Wheaton.
ZRX ANALYSIS🔮 #ZRX Analysis
🌟There was a breakout of Symmetrical Triangle Pattern in #ZRX with great volume. Currently #ZRX is trading in a small rounding bottom pattern and if it breakout the neckline then we will get a good bullish move of more than 50%🔥
🔖 Current Price: $0.5251
⏳️ Target Price: $0.9287
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ZRX #Cryptocurrency #Breakout #DYOR
DOGE - Who Let The DOGE Out 🐶Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 DOGE has been overall bullish, trading above the blue trendline.
Moreover, the 0.15 marked in blue is a strong support zone.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and blue trendline.
📚 As per my trading style:
As #DOGE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📈 In parallel, for the bulls to take over medium-term and start the next impulse movement, a break above the last major high in red at 0.175 is needed.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#JUP: IS GETTING READY FOR A BIG Move!#JUP/USDT
Jupiter (JUP) is a sophisticated swap aggregation engine that provides critical liquidity infrastructure for the Solana ecosystem. It is also expanding its DeFi (Decentralized Finance) product portfolio, which includes a comprehensive suite of Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.
The coin has experienced a significant surge of 80% in the last two weeks. This could indicate a moment of interest for investors who've had their eye on it.
The suggested strategy for JUP is to accumulate the coin on every dip, meaning investors take advantage of temporary decreases or corrections in stock prices to increase their position. This approach is based on the belief that the overall trend of the coin is positive, and buying during dips could lead to potential profits when the price rises again.
The accumulation zone for JUP is up to $0.6.
#DYOR LSE:JUP BINANCE:JUPUSDT
SasanSeifi 💁♂ Potential Long-Term Growth $2.70 and $3.50?Hi there! 😊
As you can see in the chart, the price of GTC has faced a range after a long-term downtrend and has experienced a slight growth after breaking the downtrend line. Currently, the price is trading in the range of $1.97.
The scenario that we can consider in the long term is that the price will increase to the liquidity ranges of $2.70 and $3.50. Then, after a minor correction and pullback, the price is expected to rise again to the supply zone in the long term, which is in the range of $4.50 to $5.00.
To better understand the continuation of the price movement, we need to see how the price reacts to the liquidity ranges of $2.70 and $3.50. The important support levels are $1.60 and $1.20. The possible long-term trend of GTC is shown in the above image.
🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!☺✌
if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌🙌
USDCAD - Top-Down Analysis 📹 UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #USDCAD.
USDCAD is hovering around the lower bound of the wedge pattern. So we will be looking for trend-following buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
SasanSeifi 💁♂ Long-Term Analysis and Potential Scenarios
As you can see, the price faced demand after collecting liquidity in the 0.080 range and managed to grow by more than 100% after breaking the long-term downtrend line. Currently, the price has reacted negatively to the important supply zone of 0.20 cents and has faced a minor correction to the 0.16 cents range. In the long-term time frame, the price can be expected to grow to the liquidity zones of 0.30/0.35 cents.
Here are some scenarios we can consider:
🔹If the momentum weakens, we can expect the trend to range and then resume its upward movement if the support zones are broken.
🔹If the price faces demand and breaks above the 0.20 cents zone, the target of 0.30 cents can be expected if it is confirmed.
❌In the long term, it is very important to maintain the support zones of 0.14 cents and 0.10 cents for the uptrend to continue.
This is not financial advice. Always do your own research before making any investment decisions.✌
What do you think?🤔 I would be happy to hear your opinions in the comments and support with likes. Thank you.🙌✌
GBPUSD - Price going forwardWith a more Fundamental approach that was revealed recently, this is my own personal forecast going forward with this pair.
- Cutting NI tax
- Consumer prices slowly coming back down
- Energy costs coming down
We won't feel this impact for a while, over a few months or so when we see it in our Ingoings/Outgoings and have a bit more freedom to buy on luxuries.
I think we will see a new range of consolidation until later news reports reveal the growth of the GBP but before that point, I feel some market manipulation will occur so the Big Players can buy GBP at a much cheaper cost.
*The path drawn isn't to scale, the path is more for the bigger picture of things that we would see on the 4h or Daily TF*
ETH - 3500 => Make or Break ❗️Hello TradingView Family and Fellow Traders,
This is Richard, also known as theSignalyst.
📈 ETH has shown an overall bullish trend, trading within the rising broadening wedge pattern highlighted in red.
It's evident that ETH has been respecting significant round numbers, particularly the 500 marks.
Following its breakthrough above 3000, ETH traded higher to find resistance around 3500.
📈 To maintain control and drive prices higher towards 4000, the bulls require a daily candle close above 3550.
In parallel, ETH retests the lower bound of the wedge pattern, we will be seeking trend-following buy setups on lower timeframes.
📚 Always adhere to your trading plan, especially regarding entry points, risk management, and trade execution.
Wishing you all the best of luck!
Remember, All Strategies Are Effective When Properly Managed!
~Rich
BTC - Comparing Previous Cycles 🌊Hello TradingView Family / Fellow Traders,
For those who know me, it's clear I always like studying previous price action.
"Know yourself, know your enemy. Many battles, many victories."
~ Sun Tzu
I find the Bitcoin Daily Chart interesting as it is approaching its all-time high.
If we compare this impulse movement to the previous two, we can see that after 58 days , the correction starts.
And if we look closely at the correction phase, we can see that first it was flat , and then it got deeper . Just like waves, the bigger the impulse, the bigger the correction.
Thus, when this third correction phase starts, we can expect an even deeper correction .
The question is: when will the correction start, and how deep will it be?
What do you think?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Gold Soars to Break Bearish Trend - Expected Correction Ahead!Today, gold managed to achieve a remarkable growth, breaking completely out of its downward trend.
Important resistance for gold lies between 2084 - 2088, and I expect that with the market opening next week, it will start a corrective move from this range or slightly higher at 2092 - 2096.
We have several reasons:
Firstly, the downtrend line has been breached, indicating the need for further buying pressure to sustain the upward momentum, which typically requires a correction in a financial market.
This rapid and extraordinary rise in the price of gold without any fundamental news or geopolitical tensions is unlikely and deceiving.
In my opinion, the targets for the downside move could be 2077 - 2064 - 2052.
I hope we all have a great weekend ahead! ❤️
DASH ANALYSIS🔮 #DASH Analysis —— BREAKOUT 🚀
💲💲 #DASH was trading in a Falling Triangle, and breakout has already confirmed but there is an immediate resistance and if #DASH breakout major resistance zone then we will expecting bullish rally ✍️ ✅
📊Current Price -- $39.09
🎯Target Price -- $73.62
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#DASH #Cryptocurrency #Breakout #DYOR