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FTMUSDT.1DThe analysis delves into Fantom's price movements against Tether (USDT) on the daily chart from Binance. It offers a snapshot of the currency's performance and its future directional bias based on current and historical price movements. Price Action and Trend: Fantom has shown a robust uptrend, characterized by higher highs and higher lows since mid-2023. This is confirmed by the ascending support line (S1), which has continually bolstered price pullbacks. Key Technical Levels: Resistance Levels (R1 and R2): R1: $1.2447 - This level marks recent highs and an area of intense selling pressure that could serve as an immediate ceiling for price. R2: Not clearly marked but expected around previous highs in the $1.7 range, acting as a long-term target should the uptrend persist. Support Levels (S1 and S2): S1: The dynamic support line currently intersects the price trajectory, offering a potential bounce-back zone. S2: If S1 fails, the next significant historical support area is at $0.50, a level from which price rebounded strongly in early 2024. Technical Indicators: MACD: The MACD line is slightly above the signal line, indicating a potential for bullish momentum but also showing signs of converging, suggesting a possible slowdown in upward movement. RSI: With a reading near 54, the RSI is neutral, hinting at neither overbought nor oversold conditions, which supports potential for either direction but confirms stability in current levels. Volume and Market Sentiment: Trading volume has been variable, with spikes aligning with significant price movements, suggesting active trader participation at key levels. Conclusion and Forecast: FTM's consistent uptrend supported by ascending trendlines and reinforced by occasional pullbacks to support levels suggests a bullish outlook. Watching how the price reacts at R1 ($1.2447) will be crucial; a solid break could signal further gains towards R2 around $1.7. Conversely, a break below S1 may trigger a short-term bearish reversal towards S2 ($0.50). Trading Strategy: Bullish Scenario: Traders might consider long positions on dips near S1 with stop-loss orders below this line to capitalize on potential rebounds aiming for R1 or higher. Bearish Reversal: A conservative approach involves watching for a sustained break below S1, which could validate entering short positions targeting S2, ensuring stop-losses are set slightly above S1 to manage risk effectively. Summary: Fantom currently exhibits a healthy uptrend with clear support and resistance levels offering both trade opportunities and risk management points. The market indicators suggest cautious optimism, warranting close monitoring of price action near these critical technical thresholds for precise trade execution.
by MarsSignals
BNBUSDT.1DThis analysis of the BNB/USDT trading pair focuses on evaluating the cryptocurrency's performance and identifying potential technical levels that could influence future price movements. The analysis is conducted using daily chart data. Price Action and Trend: BNB has exhibited a consistent upward trajectory supported by a solid ascending trend line, signaling bullish momentum. Recent price action shows a pullback from the recent high, approaching the primary support level, which may indicate an impending retest or reversal. Key Technical Levels: Resistance Levels (R1 and R2): R1: $724.27 - This level has served as a recent peak. Breaking this could propel prices towards the next major resistance. R2: $820.88 - A breach of R1 could set the stage for a move toward this higher resistance, marking a new potential high. Support Levels (S1 and S2): S1: $586.03 - Currently serving as the primary support; a crucial level for maintaining the ongoing bullish trend. S2: A further decline could test this deeper support level, providing a secondary buffer against bearish trends. Technical Indicators: MACD: The Moving Average Convergence Divergence is above the signal line but shows signs of convergence, suggesting a potential slowdown in the bullish momentum or the beginning of a bearish phase if it crosses below the signal line. RSI: The Relative Strength Index is moderately positioned at 53.17, indicating neither overbought nor oversold conditions, providing room for movement in either direction without immediate pressure. Volume and Market Sentiment: The volume has been relatively consistent with some spikes on price movements, indicating active trader interest and participation at key levels. Conclusion and Forecast: The short-term outlook for BNB is cautiously optimistic, provided it maintains above S1. The critical action point is whether BNB can sustain above this support level. If it holds, there could be an attempt to retest R1. A break below S1 could see a deeper pullback to S2, which traders should monitor closely for potential buy opportunities at lower levels. Trading Strategy: Bullish Scenario: Traders might consider buying near S1 with a stop-loss order below this level, aiming for R1 and potentially R2 if upward momentum resumes. Bearish Turn: If prices break below S1, a short position could be considered with targets near S2, setting a stop-loss just above S1 to manage risk. Summary: This analysis suggests that while BNB shows a bullish trend, recent retracements necessitate careful monitoring of support levels to gauge the market's strength. Adjustments to positions should be made based on these observed technical patterns and indicator signals.
Long
by MarsSignals
Short term XRP Trade PossibilityHi all given recent market sentiment, market makers are still buying BTC . Noting market makers have heavy influence over the market. They just want to take out simple liquidity and stop loss hunt retail traders. Nothing new here. When crypto drops quick, people panic sell which contributes to the price of something dropping (many other factors to consider in crypto, but this is at face value). When stop lost hunts occur, liquidation cascades do too, never try to catch a falling dagger. Just a quick expectation, it ranges, breaks pattern in the short timeframe due to a fkn random pump, after it absolutely pumps to the target zone, where I will look to enter shorts close to price indicated by purple verticle line at two whit lines above it (expect it can go a cent or two higher). Also, DCA entries, that's a smart idea, just don't leverage trade above what your capital allows. Chances are low you hit the lottery. Anyways, swing trade ongoing - doing well. take profits whenever, if anything is to note it is one of the many obvious risk mitigation strategies. If you're in a trade and have profits that are 2x, take the initial investment out keep the rest for TPs or let it run with a stop loss at a critical point still ensuring your are in profit. It'll be like a free trade at that point.
Short
by getpeterm
4
Weird Prediction ChannelBITSTAMP:BTCUSD CRYPTOCAP:BTC Hello Monstralians, Despite ALL market negativity, Bitcoin remains bullish on both weekly and monthly timeframes. After analyzing Bitcoin's movement following the bearish market maker candle ( as discussed in my previous post:) ), it is evident that Bitcoin's bullish trend continues. Note 1: The next bullish mouvement will be slow and could take some time (3 to 4 weeks). Note 2 : I also spotted a formation of a parallel channel which many of you will disagree with me on the drawing but I believe it limits the next BTC mouvement. I am excited to see the precision of my channel. Happy trading !
Long
by Monstralian
VIX Monday Trading Plan: Entry, Stop Loss, and Targets! ### **Chart Key Levels:** 1. **Support Levels**: - **Yellow Line (Entry Point)**: Around **18.35**. - This serves as a potential entry zone based on the current consolidation and trendline support. 2. **Stop Loss (SL)**: - **15.11** (White Support Line): This level represents a key support zone. If breached, it indicates a further decline in volatility, invalidating the setup. 3. **Targets (T1 & T2)**: - **Target 1 (T1)**: **22.01** (Red Line) – A key resistance level and first profit-taking zone. - **Target 2 (T2)**: **26.54** (Green Line) – The next resistance zone for a larger move, aligning with recent high levels. ### **Entry Setup**: - Enter the trade near **18.35**, as this zone aligns with horizontal and trendline support. - Look for confirmation like a bounce or bullish momentum before entering. ### **Trade Risk and Reward**: - **Stop Loss**: Tight stop loss at **15.11** to minimize risk if the price breaks below support. - **Reward**: - T1: Approximately **3.66 points** from entry (around 20% gain). - T2: Approximately **8.19 points** from entry (around 45% gain). ### **Potential Scenarios**: 1. **Bullish Scenario**: - If the price holds above **18.35** and shows strength, it can move toward **22.01** (T1) and eventually **26.54** (T2). 2. **Bearish Scenario**: - If the price breaks below **15.11**, the setup fails, and further downside is expected. This plan is based on the current technical analysis and key levels observed on the chart. Monitor price action closely at entry and adjust stop loss and targets based on Monday's market momentum. Let me know if you'd like additional clarification or adjustments! Conclusion: By entering near 18.35 with a strict stop loss at 15.11, this setup provides a favorable risk-reward ratio targeting 22.01 and 26.54, aligning with key support and resistance levels.
TVC:VIXLong
by Xeeshan79
BTCUSD: 1W hasta la vista....BTCUSD run up appears to be coming to an end for this cycle. HMA on the lower time frame charts is acting as strong resistance at 103 k and 1W RSI shows obvious bearish divergence. BTCD is also looking like it is showing weakness after a slow 2 year uptrend and likely will start to make continued bearish moves down to upper 40% range in the long term. Once 92k BTC support breaks....then it will enter back into the yellow channel and ultimately trend to the bottom support in low 60's k again. I expect a bounce at the 60k level to some extent, and if that support level does not hold, then back into the 30s. Good luck traders!!
COINBASE:BTCUSD
by Ambassadorj
DOGE is sitting on a edge!Here we are guys!.....waiting for the next big move... Who knows? Let's go together through some ideas! Price Action: Recent Peak: DOGE reached a recent high around the 0.45 USD mark. Current Price: The price has since dropped to around 0.32 USD. Support and Resistance: Support: The price seems to be finding some support around the 0.32 USD level, as indicated by the recent bounce. Resistance: Key resistance can be seen around 0.39 to 0.45 USD, where previous peaks were formed. Volume: Volume Spikes: There was a significant volume spike during the peak, suggesting strong buying interest at that time. However, the recent drop in price has also seen reduced volume, indicating a possible consolidation phase. Moving Averages: EMA (Exponential Moving Average): The price has dipped below the EMA, which often acts as a bearish signal in the short term. The EMA appears to be around 0.39 USD, acting as dynamic resistance. Trend Analysis: Downtrend: After reaching the peak, DOGE has been in a downtrend, characterized by lower highs and lower lows. Potential Reversal: The recent consolidation and slight bounce off the support might indicate a potential reversal if the price can break above the EMA. Prediction: Short-term (Next Week): Bullish Scenario: If DOGE breaks above the EMA (0.39 USD) with increased volume, it could target the previous resistance around 0.45 USD. A stop-loss could be placed just below the recent low at 0.31 USD to manage risk. Bearish Scenario: If the price fails to break above the EMA and continues to show weakness, it might test lower support levels around 0.27 to 0.24 USD. A stop-loss in this case could be set just below the 0.31 USD mark. Medium-term (Next Month): Consolidation: Given the recent volatility, DOGE might enter a consolidation phase, trading between 0.32 and 0.39 USD before making a decisive move. Breakout Potential: A breakout above 0.39 USD could signal a continuation of the uptrend, targeting higher levels around 0.45 to 0.50 USD. Conversely, a breakdown below 0.32 USD might lead to further declines, testing the 0.27 to 0.24 USD range. Long-term (Next Quarter): Market Sentiment: The long-term outlook will largely depend on broader market sentiment towards cryptocurrencies, especially given Dogecoin's history of being influenced by social media trends and broader crypto market trends. Fundamental Factors: Any significant announcements or developments related to Dogecoin's utility or adoption could impact its price significantly. Conclusion: Based on the current chart, Dogecoin appears to be at a critical juncture. The immediate support at 0.32 USD and resistance at 0.39 USD are key levels to watch. A break above or below these levels with confirmation from volume could provide clearer direction. For traders, setting clear profit targets and stop-loss levels around these key areas would be prudent to manage risk effectively.
by Onbudget
1
Gold will Go Down Again!!!Gold ( OANDA:XAUUSD )started to decrease yesterday after the release of the US indexes(Federal Funds Rate, FOMC Economic Projections, FOMC Statement) . Gold is moving near the Resistance zone($2,642-$2,620) and Resistance lines . In terms of Classic Technical Analysis , Gold appears to be forming a Rising Wedge Pattern . According to Elliott's wave theory , Gold is completing wave 4 . The probability that the wave structure of wave 4 will be complicated is very high. Of course, it depends on today's US indexes (Final GDP, Unemployment Claims) . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I expect Gold to start declining again from the Potential Reversal Zone(PRZ) and AFTER breaking the lower line of the wedge pattern , it will fall to at least $2,611 and attack the Heavy Support zone($2,605-$2,584) . ⚠️Note: If Gold breaks the Potential Reversal Zone(PRZ) and Resistance lines, we can expect more Pumps.⚠️ 🔔Be sure to follow the updated ideas.🔔 Gold Analyze ( XAUUSD ), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
OANDA:XAUUSDShort
by pejman_zwin
11
Wanna Know What's REALLY Going On with Bitcoin? Buckle Up!"Crowd Psychology, Chart Patterns, and Why Bitcoin Might Be About to Faceplant (or Bounce Back)" The Vibe Check: Bitcoin’s chart isn’t just numbers—it’s a chaotic rollercoaster of collective fear, greed, and panic. Right now? The crowd’s sweating bullets. Key Level Alert: If Bitcoin doesn’t close above $98,000 in the next 24 hours, strap in—it’s likely heading south to $90,000 for an awkward meet-and-greet with support. Shoe Pattern Shenanigans: The chart looks like a sad shoe. And guess what? Shoes go down—not up. Emotions Run the Market: Technical indicators are nice, but crowd psychology runs the show. When everyone's asking, "What the hell is happening?" it’s usually not great news. Critical Scenarios: Best Case: Bitcoin rallies, closes above $ 98K, and we all exhale. Worst Case: Bitcoin starts “dating” $ 90K support. If they get married… oof, we’re in for dark times. Chart Whisperer Wisdom: Forget fancy oscillators—learn to read emotions in the chart. The story’s all there, plain as day. Bottom Line: If Bitcoin doesn’t show us a green candle ASAP, we’re on the express elevator to "Sad Town." Keep your eyes on the chart and your finger on the seatbelt. CRYPTO:BTCUSD
COINBASE:BTCUSD
by Hollywood260AB
1