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Xvg/UsdtBINANCE:XVGUSDT 🚨 **XVG Price Analysis** 🚨 - **Current price**: **$0.0011500** 💲 - This price level is currently sitting on the **support zone** 📉. Support is a price level where the asset tends to find buying interest, making it less likely to drop further. - If **XVG** holds above this level, it could potentially **bounce back up** towards higher levels. 🔄 - **Next resistance levels**: - If the price holds at **$0.0011500**, the **next resistance** (where selling pressure might occur) is at **$0.01300** and **$0.01500** 🚀. - Resistance is a price point where an asset struggles to rise above, often facing downward pressure. A break above this would signal potential **bullish momentum** 📈. - **Price breaks support**: - If the price breaks below **$0.0011500**, it could fall towards the next **support zones** at **$0.009500** or **$0.00700** ⚠️. - When the price drops below a support level, it indicates the possibility of further declines. This is a key area to watch for potential reversals. --- **Important Reminder**: 🔴 **This is not financial advice**! Always do your own research and consider your own risk tolerance before making any trades. 💡
by Wolftrader1337
Put Your Speculators On!This head and shoulders pattern could be just pure speculation at this point. In fact, let me reword that.. this IS speculation based on the fact that I missed the lows and psychologically, I'm really hoping this comes back to shore so I can get back on the boat with everyone else. I do however do my technical analysis in advance and set alerts at levels like you should do and if it plays out then great if not there's always the opposite idea too. We move onto the next one. For now though what I'm looking at is BITGET:ADAUSDT.P has closed the daily candle back inside the value area high ( VAH ) of the range they just left. I am now in a waiting game to see what happens with the second candle close but we just had a 7.5% drop from that value area high (white dots) and the weekly level. The purple line is the previous Monthly VWAP (volume weighted average price) which when you go down to a lower timeframe it's actually touched (Just doesn't look like that here). The yellow line is the previous Weekly VWAP which we had confluence with at the weekly level and the value area high and also back tested a couple of hours ago. The blue bars are to show the 21% from the top of the head down to the neck of the head and shoulders pattern and then a repeated 21% from the neck to complete the pattern right into a point of control ( POC ) from a very high timeframe, I'm talking years. If we start to lose some levels here like $0.35ish and back test it, I'll probably just wait to lose the POC and then see if we get the drop down into that area of confluence below at around $0.26. I'm far too broke to be gambling so I'd rather wait and reward myself with a little bit of patience, who knows, it could just happen quickly but “Uptober” isn’t starting off that well so far. I won't be looking for any long trades unless we can reclaim that weekly level and value area high. Targets would be the weekly level above with confluence from the high timeframe value area high and anchored VWAP from the all-time high (Green line). This is not financial advice. This is just an idea and some slight education to put out there for anybody that's feeling a little bit lost about what they're seeing on the charts.
Long
by turnandshoot
Inverse Head and Shoulders - Bullish ideaThe Inverse Head and Shoulders pattern is one of them that when it works, it's so good! Really, it's just a push against resistance or support isn't it but somehow we continue to make these patterns. I suppose if you were a whale.. this is where you'd catch the most fish. IDEA Keep that title in mind, this is just an idea but for those of you that haven't spotted it, the way I see these first is by changing the candle on my chart to lines and things get a little clearer. I tend to use lines for accurate, or more accurate horizontal channel marking too. Then switch back to candles and look at the respect of the middle of the channel. It would be super sweet to see this price fight with the Order Block a bit, take out the Weekly level and retrace back down to fill in that CME gap. Would catch the 618 really nicely too. So I think we have confluence there don't we? If we pull back a but further, there is a monthly level and VAL (Value area low), we don't want to lose them if we want to go higher. The 1-1 measurement takes us to around $87k. I'm not really a pattern trader as such but you see it, you say it. What are your thoughts on patterns? BITGET:BTCUSDT.P
by turnandshoot
High Time Frame 3 Drives Pattern down to OctoberNOPIUM I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea. The Blue lines - FIB TIME Purple lines - 3 Drives Pattern I'm hoping the rest is clear enough. FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed. This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October. Price Levels Untested resistance around $48,000 - $49,000 Above us right now, we have a weekly Order Block , the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise. Price levels: Somewhere between $67700 and $69000 If anybody has any thoughts, I'd love to hear them. Charted for BITGET:BTCUSDT.P
by turnandshoot
3
Week of 4/7/24 DXY preparing for continued BULLISHNESS PART 1!!!Im going to do a full analysis of DXY and my expectations for this week. I would like to start giving insight into my strategy and where im looking to enter and what price has prompted so on and so forth. There will be at least a few parts to this specific post as we need to look at the weekly and daily timeframe as well as potential lower timeframe entry points. - I have highlighted a weekly bearish FVG. I have noticed that it is better to judge market structure shifts based on disrespect of these gaps as they provide much more reliable basis for entering a trade. - Red line shows what price was reached that let me know that we disrespected a Bearish PD array. - Because of this disrespect I have my sights set on 106.006 as a Target for may buys on DXY. ***KEY TAKEAWAY*** Price has disrespected a higher timeframe FVG. Higher timeframe bearish invalidation equals bullish bias on DXY. This is the first part of my analysis for this week if you would like you can like the post and consider following to keep up with my win rate as well as why my reasoning is where it is. I will be more involved in this trading view community and hopefully I can help all who are touched by my analysis and thoughts. Stay tuned for the next part of this weeks analysis!!
TVC:DXYLong
by kamaricolmn