Good Opportunity for LONG trade if price pumps backBINANCE:FLOWUSDT (1W CHART) Technical Analysis Update
FLOW is currently trading at $0.902 and price is hovering around the support zone. Im looking at the price to pump back up as the price has already hit the support zone.
We can expect pull back but that will be a good opportunity for a DCA. You can enter a LONG trade at the current price and do DCA if the price pulls back to the support zone again.
Entry level: $ 0.904
Stop Loss Level: $ 0.652
TakeProfit 1: $ 1.011
TakeProfit 2: $ 1.160
TakeProfit 3: $ 1.416
TakeProfit 4: $ 1.772
Max Leverage: 4x
Position Size: 1% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Patterns
FET - Breakout from the triangle BINANCE:FETUSDT (1D CHART) Technical Analysis Update
FET is currently trading at $2.366 and showing overall bullish sentiment
Price has broke out from the resistance line successfully and we are seeing bullish momentum for FET
We can expect this bullish momentum to continue and we have good opportunity for a LONG trade here.
Entry level: $ 2.15-2.36
Stop Loss Level: $ 1.79
TakeProfit 1: $ 2.66
TakeProfit 2: $ 2.9
TakeProfit 3: $ 3.3
TakeProfit 4: $ 4.5
TakeProfit 5: $ 5.4
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
BTCUSD to 90KINDEX:BTCUSD Will likely top out @ ~90K
Bearish cycle (12345) wedge was broken (A) and tested (B) with (ABC) correction to 0.5
Consolidation (WXY) around 0.618 of the bearish cycle
Breaking of the intermediary wedge and 0.5 of the bearish formation on (1) first impulse
Bottom of the bullish wedge touched (1) end
Testing of the intermediary wedge after breakout (2)
Breaking into the bullish wedge (3)
Bounce on 0.764 (4)
Limit testing upper side of the bullish wedge around 90K
(ABC) correction around 0.764 of the whole (12345) likely
Limit testing Lower side of the bullish wedge around 55K 0.618 of the (12345)
✌️
Bitcoin Dump: 54K next support?54K seems to be the most likely support level on the 4-hour chart for Bitcoin/USD.
After that 52K .
A drop to 48K seems unlikely . But possible.
A reminder that this is the 4-Hour Chart. If you zoom out, you will notice that Bitcoin is not yet in a bear market.
Technical Analysis tools used:
Volume, Ichimoku Clouds, Fibonnaci Retracement, Volume Delta, Support Lines.
The Fibonacci Retracement show the next likely support levels which correlates closely with the (orange) support lines.
Price action below the Ichimoku Cloud signals the continuation of a bearish trend.
The new Volume Delta Indicator shows a divergence of sell volume domination over market price, which leads me to believe a trend reversal is coming soon. (around 52-54k)
up-to-date Fundamental Analysis:
Good news to consider:
Possible ETF unbanning and adoption in China (unconfirmed)
World's largest custodian bank, BNY Mellon reports exposure to BTC ETF
Halvening in effect
First Bitcoin ETF's launched in Asia (Hong Kong)
Bad news to consider:
CEO of Binance sentencing (30. April 24)
Prominent Bitcoin Figures arrested
Government crackdowns in US/UK/EU on centralized elements of the cryptocurrency ecosystem (CEX, Custodial Wallets, etc.).
Asian Bitcoin ETF's flopped due to low volumes on opening day.
Psychological Considerations:
must-reach-100k mentality of the Bitcoin community
Community psychological barrier against centralization and regulation
50k support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Confirmation of Bear Flag?? - EUHere I have EUR/USD on the 4Hr Chart!
Since the LOW on Apr' 16th, Price has been traveling in what looks to be an Ascending Channel!
Price today was unable to make a NEW HIGH to give us another test of the Rising Resistance and instead gave us quite the drop out of the Ascending Channel!
With this break, I believe multiple confirmations are pointing to this price action being CONFIRMATION of PATTERN being a BEAR FLAG!!
-RSI BELOW 50
-Price working BELOW DSR
-Price BELOW 200 EMA
-3-Point Sell Check
Bear Flags are a strong continuation pattern typically giving investors the ability to foresee Selling Opportunities with Price giving a Strong Bearish Break of pattern, then to Test the Break of Pattern which is what I am currently waiting for!!
-Once the current LOW has finished forming, I want to see price retrace to the Break of Pattern being in the ( 1.069 - 1.07 ) range for potential Sell Entries!
*TP will be the Support Zone last visited in Oct. 2023 @ ( 1.0516 - 1.0462 )
*SL TBD
Cold "Shoulder" from AUDUSD - Head & Shoulders FormingHere I have AUD/USD on the 1Hr Chart!
Price has found quite a Support @ .64848!
Not only that, but we have 2 Clear Tops and price is working on a 3rd!!
If price is unable to move any HIGHER than this Resistance @ ( .65296 - .65246 ), I suspect price will move back down to the Support or "Neckline" and with that, will have completed a VERY STRONG reversal pattern called HEAD & SHOULDERS!!
Adding confluence to this idea is the Divergence forming based on the Highs on the RSI
-INVALIDATION of Pattern will be if Price Breaks and Closes ABOVE ( .65296 - .65246 )
-CONFIRMATION of Pattern will come if Price Breaks and Closes BELOW .64848
*If CONFIRMED, will be looking for Selling Opportunities!!
Sights Set HIGH for EURJPY?!Here I have EURJPY on the Daily Chart!
Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern!
Fundamentally, there's a lot to unpack but with JPY trading down at its 34 Yr Lows and the ECB looking at Rate Cuts soon .. Fundamentals could play a key sticky role!
- EUR has their Final CPI and Final Core CPI y/y tomorrow morning followed by Lagarde Speaking so lets see how things begin to play out!!
Technically, with this potential Bullish Triangle we are looking for continuation of this markets trend prior to entering this pattern! Back in Dec. '23, price made quite a Bullish Recovery off the 200 EMA and has shown great Bullish Momentum thus far!
*If Price gives a solid Break and Close ABOVE the Resistance Area, this could give us a good area of potential Buy Entries
-Beware of FALSE BREAKS!!
*If Price Breaks and Closes BELOW the Rising Support, I'm no longer interested in looking for Buying Opportunities!
Divergence into a Reversal?? - AUHere I have AUD/USD on the 1Hr Chart!
Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators!
1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to move up now!
2) Our Momentum & Volatility indicators are showing Consolidation or Sideways movement meaning there is really no more trend left to be found.
Now this Divergence leads me to believe that if Price works back up to the CONFIRMATION of PATTERN @ .6545, we could see the VALIDATION of this PATTERN and look for trading opportunities!
CONFIRMATION of PATTERN @ .6545
INVALIDATION of PATTERN @ .6456
Perfect Market Maker Plan completed before Halvest (be safe) pt2Yesterday, before the huge fall, I posted:
"A lot of Bearish Confluences. The crown: Daily Rising Wedge completed after price cleared all the Poor Highs + Resting Liquidity in the Top of the Daily Range. Be safe."
Fall confirms my Bearish Plan. Not sure how far BTC will fall but its very probable that the Daily Range is indeed a Distribution scheme. Protect your capital and positions. Be cautious.
In this image I share some possible perspectives of what can be expected.
XAUUSD Bullish Trend - All-Time HighAUUSD (Gold/US Dollar) is currently experiencing a strong bullish trend, marked by consistent upward momentum and robust buying pressure. This bullish sentiment is underscored by the recent attainment of an all-time high price level.
Key Indicators:
Price Action: XAUUSD has been steadily climbing, forming higher highs and higher lows, indicating a clear uptrend.
Moving Averages: Short-term moving averages (e.g., 20-day SMA) are positioned above longer-term ones (e.g., 200-day SMA), signaling bullish momentum.
Volume: Trading volume has been increasing alongside price gains, reflecting heightened investor interest and participation in the market.
MACD: The MACD (Moving Average Convergence Divergence) indicator shows a bullish crossover, with the MACD line rising above the signal line, suggesting upward momentum.
RSI: The Relative Strength Index (RSI) is in the overbought territory, indicating strong buying pressure and potential further upside.
ZIL/USDT TP target achieved 26/03/24ZIL/ USDT finally arrived to the TP level.
It took around 6 days to finalise BUY order with Enter point @0.013197 & TP @ 0.03776.
All analysis was based purely on the technical analysis only.
After collection of nice profits ZIL/USDT returning back to the watch list until further notification.
FTM - LONG Setup with resistance breakoutBINANCE:FTMUSDT (1D CHART) Technical Analysis Update
FTM is currently trading at $0.4322 and showing overall bullish sentiment
Current price is around the resistance zone and looking to breakout from the resistance. The resistance breakout can push the price of the FTM higher and we have a good opportunity for LONG trade
Entry level: $ 0.4517
Stop loss level: $ 0.3952
Target 1: $ 0.4688
Target 2: $ 0.4904
Target 3: $ 0.5298
Target 4: $ 0.5683
Max Leverage: 2x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
MINA - A simple Trade#MINA/USDT #Analysis
Description
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+ MINA is bouncing back after hitting the its support zone.
+ I'm looking for confirmed breakout before entering the long position.
+ My entry is targeted towards the resistance breakout around 1.4078. You can enter the trade after the candle close above this price line
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VectorAlgo Trade Details
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Entry Price: 1.4078 (After candle close)
Stop Loss: 1.337
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Target 1: 1.4313
Target 2: 1.4905
Target 3: 1.5567
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin exhausted news ( read caption)I think Bitcoin growth potential is not yet exhausted this mean Bitcoin retest the level $59,370 or $58,890 then we think about the pullback of the Bitcoin to support level
Bitcoin Surges To New 26-Month High, ‘Whales Go Parabolic’ As Analyst Forecasts Rally Toward $59,370
Bitcoin (BTC) has experienced a surge of over 3.6% in the past week.
The gains have propelled the Bitcoin price to reach a new 26-month high of $53,360 on Monday.
Crypto analyst highlights the significant activity of the BTC whales.
If you want to more like this analysis please like comment and follow thank for support
Chart PatternFX:USDCAD has a nice rectangle of sideways movement. After today, inflation came down in Canada, and the US dollar made some positive moves. Technical indicators are suggesting a buy moment. My first TP is 1.36. In the bigger move, the second TP is 1.38. If it breaks 1.39 and consolidates above 1.39, we will expect to continue the pattern to move to 1.44. FX:USDCAD
Looking at WMT before the splitWMT split 3/1 today. Looking back over the years, the WMT stock almost looks like a crypto that never crashed. Its gone up consistently over the years.
WMT can be traded technically of course. But one of my friends who is a successful options trader likes WMT for its fundamentals. And I think that shows in this chart over the decades of Walmart's history.
Some people hate Walmart for some of their business practices, but people continue to choose to work there, and people continue to choose to shop there. That says a lot.
Chart patterns are fun to trade if technical analysis is your focus, but if you're looking long term at all, fundamental analysis is not to be ignored.
With the split, there are some benefits to us traders. At a cheaper price, more of us can trade more. That means more volume and liquidity in the market. If you sell options, you might be able to afford WMT options now if you couldn't before.
I'm not sure how the split will affect price...there is an active bearish pattern. But in the long term, no doubt WMT will continue to grow its business and maintain its decades-long trajectory.
Happy trading out there!
OXT - A confirmed Breakout for LONG Trade#OXT/USDT Analysis
Description
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+ As you can see in the 1 Day chart, OXT is showing clear confirmation of breakout from the resistance and currently trade around the resistance zone.
+ i'm seeing this as a good chance to enter a long trade with a nice profit chance.
+ i'm keeping the stoploss around the support zone as the price can get rejected from the resistance.
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VectorAlgo Trade Details
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Entry Price: 0.1208
Stop Loss: 0.0822
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Target 1: 0.1503
Target 2: 0.1807
Target 3: 0.2392
Target 4: 0.2909
Target 5: 0.3639
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Best Regards,
VectorAlgo
RNDR - Breakout will yield a LONG signalBINANCE:RNDRUSDT (4H CHART) Technical Analysis Update
RNDR is currently trading at $7.325 and currently its inside a descending the triangle, a breakout
The price can break up or down of the descending triangle, we will enter the trade based on the direction of the breakout
>> SHORT TRADE <<
Entry level: $7.787
Stop loss level: $ 6.998
Target 1: $ 8.198
Target 2: $ 8.624
Target 3: $ 9.159
Target 4: $ 10.400
>> LONG TRADE <<
Entry level: $ 6.838
Stop loss level: $ 7.590
Target 1: $ 6.548
Target 2: $ 6.305
Target 3: $ 6.062
Target 4: $ 5.689
Max Leverage: 3x
Don't forget to keep stop loss.
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Cheers
GreenCrypto
Gold Update Next Week ❤️Hello traders ,what do you think about GOLD? The price of gold is fluctuating between this range. From a technical point of view, there's an anticipation of a potential decline to the designated level of 2030, followed by a subsequent range of 2020-2010. feel free to express your support through likes and comments. ❤️