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MPL

BTC → two possible scenarioshello guys. 1. Price Action & Market Structure: • Bitcoin has experienced a sharp drop, followed by a recovery within a bullish channel. • The price is currently consolidating near the upper middle of the channel, which may indicate either a continuation of the upward trend or a potential reversal depending on how it interacts with key levels. 2. Key Levels: • Scenario 1 Zone (~$59,400): This is a key support zone. If the price respects this zone and bounces off it, it could continue its upward trajectory, aiming for the $64,085.87 resistance level. • Scenario 2 Zone (~$57,571.68): If the price fails to hold above Scenario 1 and drops below, this area could serve as the next significant support. A bounce from here might also propel the price upwards but with a lower likelihood of reaching the $64,085.87 target compared to Scenario 1. 3. Bullish Channel: • The price has been moving within a rising channel, suggesting a controlled bullish trend. As long as the price remains within this channel, the bias remains bullish. • The channel's upper boundary aligns with the $64,085.87 resistance level, which could be the ultimate target if the bullish momentum continues. 4. Scenarios: • Scenario 1: The price pulls back slightly to the yellow support zone around $59,400, finds support, and then continues upwards towards the $64,085.87 resistance. • Scenario 2: The price breaks below the first support zone and finds stronger support around $57,571.68, then attempts another move upwards, possibly back towards the channel or slightly below it. Summary: • Current Trend: Bitcoin is in a short-term bullish trend within a rising channel. • Scenario 1: Support at ~$59,400 holds, leading to a potential rise towards the $64,085.87 resistance. • Scenario 2: If support at $59,400 fails, look for support around $57,571.68, with potential upside but possibly less strength. • Outlook: As long as the price remains within the channel, the overall trend remains bullish. ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
11
Banknifty Bearish 🐻Wolfewave with Bearish Bat 🦇Bank Nifty Analysis: A Confluence of Bearish Signals Across Timeframes Our in-depth analysis of Bank Nifty across various timeframes reveals a compelling collection of bearish indicators, suggesting a cautious approach for investors. Among these, the Bearish Wolfe Wave patterns on both weekly and H4 charts stand out, alongside the activation of the Bat Action Magnet Move (BAMM), pointing towards a potential downward trajectory. Key Technical Observations: Bearish Wolfe Wave Patterns: The identification of Bearish Wolfe Wave formations in both the weekly and H4 timeframes suggests an imminent reversal from the current bullish trend to a bearish trend. Bat Action Magnet Move (BAMM): This phenomenon indicates that the price is gravitating towards a significant level of resistance, potentially marking a pivotal turning point for Bank Nifty. Proximity to Resistance Levels: The price is nearing a critical juncture as identified by Read the Market (RTM) analysis, specifically the Left Shoulder (LS) Kink, which aligns with a Maximum Pain Level (MPL) and a Minor Flag Limit (FL). This cluster of resistance reinforces the bearish sentiment. Anticipation of New Supply Formation: Although bearish indicators are prominent, the formation of a new supply zone is eagerly awaited. Predictions suggest a brief upward movement towards the BAT Pattern Recognition Zone (PRZ) and LS Kink, where new supply could emerge, setting the stage for a significant downturn. Elliott Wave Analysis: From an Elliott Wave perspective, the market is currently in a correction phase, with an expected follow-up of an impulsive decline mirroring the previous impulsive fall labeled as "A". This symmetry supports the forecast of a downturn, where "A" equals "C" in magnitude. Observation on Divergence: The current analysis notes the absence of strong divergence signals. This lack suggests that, despite the bearish outlook, traders might benefit from awaiting more robust divergence indications before positioning themselves. Conclusion : The aggregation of technical indicators, including Wolfe Wave patterns, BAMM, and resistance confluences, directs us towards a bearish forecast for Bank Nifty. However, a strategic pause is advised until the formation of a new supply zone and the emergence of stronger divergence signals are observed. This cautious stance will enable investors to make informed decisions, leveraging the detailed insights provided by this analysis. Visual Analysis Links: Daily Timeframe Analysis M15 Timeframe Analysis
NSE:BANKNIFTYShort
by Indyan
ETH ---> is going to touch $1604hello guys... if you look at the gray area that is full for the area of a flag in the weekly time frame, it had engulfed it and it means it wanna see lower price levels. after that, you can see a dashed line that I draw for showing you the hunt area, now it seems the price wanna start a downward movement forward to the MPL pattern. the MPL may be a resistance level or maybe not, after touching the MPL we will discuss it. ____________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
38
How can traders make money on the asset tokenization trend?Asset tokenization is one of the most understandable applications for crypto technology. Various consulting and analytical companies estimate that the capitalization of tokenized assets will be around $3-4 billion by 2030. Tokenized assets have no value and have no use without products that utilize these assets to create financial relationships and opportunities. Products that use tokenized assets in their operations are called Real World Assets (RWA). The essence of RWAs is to create a method for tokenization and a financial mechanism within the product that all participants will get value from. How to make money? Every RWA product has or will have its own native token. The project token will be the easiest way to earn. In fact, any trader knows how to trade tokens, so we will not give any recommendations, you already know everything very well. We will highlight the most interesting projects, where tokens can give the most profit, so you don't have to spend much time searching and researching. Top RWA narrative projects with a token 1. $CPOOl – loans to institutions 2. $GFI – RealFi lending protocol 3. $MPL – corporate lending protocol 4. $RBN – market maker lending 5. $TRU – lending protocol 6. $ONDO – U.S. Treasury bond trading Top RWA narrative projects without a token 1. Backed Finance – derivative tokens of real world assets (S&P500, T-bills, TSLA, AAPL, etc.) 2. Carapace Finance – marketplace for crypto loan default risks 3. Florence Finance – European SME lending protocol 4. HomeCoin – mortgage secured lending 5. Jia – small and medium business lending in Africa and Asia 6. LandX – lending to farmers in exchange for a portion of their future harvest 7. Parcl – real estate trading around the world 8. Sapling – lending to banks in developing countries What can you do now? Add tokenized projects to the watchlist on TradingView and keep an eye out for trading opportunities Keep up with news and changes in RWA and tokenization Look for promising new projects Read our idea about ZK Narrative Check links below and start trading with us Thanks for reading! Waiting for your comments about RWA projects
by Samura0x
4
xauusd analysis (gold)hello guys... xauusd is in an important area and has a huge potential to start a correction or a big downward movement. in the RTM method, it is in the MPL area. you can get confirmed in the lower time frame and after that get a short position until reach the green area! Don't forget the Divergence on the RSI indicator! always do your own research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comments.
OANDA:XAUUSDShort
by melikatrader94
36
opportunity to get a short position on BTChello guys... in my opinion, BTC is not ready for getting a short position yet, however, the red area is so much potential for this purpose, why?! because of these reasons: 1) QML 2) MPL 3) 50% of last leg correction but still, it is not enough, just look for a good setup in the red area. always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
21
Heavy shadow BTC continues falling!hello guys... In my opinion, BTC continues to fall, these little upward movements are just a correction. don't get it wrong! BTC has hunted the last lower low, and it is possible to do it again, but it doesn't mean it has to! Undoubtedly, I recommend you get a short position in 2 areas that I showed as gray areas. The first one is an overlap between two long candles. The second one formed in %50 corrections of the last leg, also it is an MPL! always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
by melikatrader94
41
XRP analysis... short positionhello guys... as you can see in my cryptocurrency charts i believe this market is bearish so far and continue downward movement until forming a strong and powerful reversal setup in high time frame like weekly or monthly! this crypto currency (xrp or ripple) formed a ascending triangle and break bottom line strong and continue downward movement until reach to its target (i showed as green area) this green area is on MPL... always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment.
Short
by melikatrader94
8
ETHUSD needs a breakout to start a bullish movementhello guys as you can see there is a zone under the name of MPL that I label it on chart and this zone is a strong level to push price downward and it is very suitable for short position, although there is no bullish signal for crypto currency so myself get just short position but if ethusdt break out that level it upward to ftr, on the other hand, this breakout In line with the break of the bearish trendline. so its a great opportunity. thank you for your attention. do you like cryptocurrency analyze? Keep me informed good luck
Short
by melikatrader94
8