Perpetual
ETHUSDT.P PERPETUAL Coiling up for action
Dear Intraday Degens,
How are you all doing?
Here's ETH on the 30-minute chart, and it looks like it's coiling up for action. We're seeing higher lows forming, with yesterday’s close acting as support. Volume is looking solid, and the resistance we're aiming to flip is from 02/24/2024, which isn't particularly strong.
Keep those charts open—I have a feeling something’s about to happen, hopefully in the right direction!
Stay safe and happy trading!
POPCAT: Our Next Crypto Swing PlayIt's been a while since we posted any crypto swing trades. The last few months have been particularly challenging for swing plays, and we made very good profits just by scalping in August. However, we've been closely monitoring the higher time frames, and we believe we've found a potential play with POPCAT.
For this trade to work out, we need BTC to behave, but so far, everything looks good, and the depth of the retracement is consistent with prior pullbacks. Recently, POPCAT has shown a change in structure after what seems to be a completed Wave (2). We want to bid on this continuation with a wider stop loss because there's a 12H FVG below that is relatively important for altcoins. There's a chance that we tag this FVG before rising higher, though a body close below it would invalidate our bullish outlook. Therefore, we're cautious but still want to place this bid, and we will DCA down if necessary. We'll keep you updated whenever we make any moves.
As for targets, we're looking to go above the high of the latest COS, then the fair value gap above, and finally, a continuation above the current Wave (1). If we get this far, we would let it run as a moonbag, but we'll keep you informed regardless.
BTC Bear Move Is Far From Over!I don't endorse any entry or exit actions based on any kind of indicators, but one thing for sure is that MACD Daily on BTC is a fairly reliable monitor for BTC trend reversals on macro level. And accordingly, the bear movement is in fact far from its end. What one may expect at best for the next some weeks (until MACD and Signal lines cross on the southern side of the MACD chart) is a sideways market.
Spotting a Bull Flag Pattern in Wave Coin (But Stay Cautious)Wave Coin is currently showing a promising bull flag pattern on the chart. This pattern typically indicates a continuation of the previous uptrend, suggesting potential for further gains. However, it's important to stay cautious as the price could also fall if the pattern fails to hold. The consolidation phase within the flag gives a chance to enter the market before the next breakout, but be mindful of key support and resistance levels. Always use stop-loss orders to protect your position and trade wisely!"
Bullish Triangle Breakout Pattern in SUNUSDT NOW Description:
SUN Coin has recently displayed a bullish triangle breakout pattern, signaling a potential upward trend. This pattern typically indicates a continuation of the prior uptrend, providing a strong buying opportunity for traders.
The key features of this breakout include:
Consolidation Phase: SUN Coin experienced a period of price consolidation, forming a triangle pattern. This phase is characterized by a series of higher lows and lower highs, converging towards a point of breakout.
Volume Increase: As the price approaches the apex of the triangle, trading volume often increases, suggesting heightened trader interest and momentum.
Breakout Confirmation: The breakout above the upper trendline of the triangle is a bullish signal. For confirmation, look for a closing price above this trendline accompanied by increased volume.
Target Price: The target price for this breakout can be estimated by measuring the height of the triangle at its widest point and projecting this distance upwards from the breakout point.
Support and Resistance Levels: Post-breakout, it's crucial to monitor key support and resistance levels. The former resistance line (upper trendline of the triangle) now acts as a support level, while previous highs may serve as resistance.
Trading Strategy:
Entry Point: Enter a long position at or just above the breakout level.
Stop Loss: Set a stop loss slightly below the breakout point or below the former support line to manage risk.
Take Profit: Consider taking profit at the projected target price or in stages as the price approaches significant resistance levels.
Stay updated with the market sentiment and watch for any signs of reversal or false breakouts
4H Head and Shouders FormationThe closing price of the second shoulder is observed to be lower than the first shoulder, indicating a potential reversal pattern. Furthermore, the price action is positioned below the 200-day Moving Average (EMA), reinforcing the bearish sentiment. Additionally, I noticed seven candles on the first shoulder and head. PHEMEX:BTCUSDT.P May 7, 2024, 2:25pm
Premium Crypto idea $$$$ #ENSUSDTENSUSDT is facing resistance, indicating a potential selling opportunity for day traders. The price has failed to break above this level, suggesting a reversal may be imminent. The overbought conditions on the RSI further support the idea of a short-term price decline. Day traders may consider selling ENSUSDT to profit from this potential downside movement. It is important to set appropriate stop-loss levels to manage risk effectively.
Entry: 14.786
SL: 14.885
Target 1: 14.426
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Trade God out
PERP has formed a Bullish pattern after the breakoutPERP has formed a Bullish pattern after the breakout
🔵Entry Zone 1.54056 - 1.58932
🔴SL 1.4136
🟢TP1 1.7128
🟢TP2 1.9900
🟢TP3 2.4700
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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PERP ~ AGAINI will do this trade for the 3rd time. THE ONLY thing, seemingly stopping PERP from skyrocketing is the 20 ema on a Monthly chart.
The weekly hammer looks REALLY NICE.
I'll be paytient on this trade and certainly have no issue waiting 1-2 months for it to hit the 40% target. But... might only take 2-3 weeks...
And I doubt ALL of my limit orders will be filled. But hey, if some do, cool!
GMX - reversed head and shoulder - wait for retestTrading idea!
GMX - Reversed head and shoulder!
If the pattern play out I see a potential 40% trade
Critical level 56.5 - a weekly close above should be a good entry point...
but In this case I don't see any problem to try to find a entry on lower time, 4h/D, with adjusted stop loss according to that.
Wait for a successful retest in the area close above 56.5
ApexExchange (APEX) - no pull back - moon coming sooner or laterI like Apex - fast execution and nice UI - best DeFi leverage exchange?
Now we see Apex volume rise to the sky - and the price will follow?
* With 50 x ETH leverage coming this week and at the same time the ETH-ETF narrative is hot
* bullish Apex chart
* Increased volume and green light for Bitcoin ETF
* Crypto market is about to explode
Formula:
hot narrative + under valued + new money enter the market = moon?
I don't see that Apex will have a big pull back now. Apex have been seriously undervalued and still are. I think it will have at least one more big wave before we see a big pull back. Please use stop loss and do your own research!
I think a close above 1.51 (4h timeframe) or so would be a good entry for a next potential wave/trade. You could use quite tight stop loss!
signal in low time-frame(PERP)📊Analysis by AhmadArz:
money management because high risk.
🔍Entry: 1.187
🛑Stop Loss: 1.726
🎯Take Profit: 1.906 -1.996
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
Uniswap / governance protocol poised for success in bull-runAfter multiple bounces along the Purple support zone (3.32) - it seems inevitable that we are going to test the next resistance level at $7.72.
If we can successfully break that level my next targets are as follows
Target 1: $10.17
Target 2: $20.20
Mid/Long term target 1: $29.60
Mid/Long term target 2: $35.74
UNI is the governance token for Uniswap. UNI was introduced on 16th September 2020 through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or by providing liquidity.
The UNI token allows token holders to participate in the governance of the protocol. Key decisions such as usage of the treasury or future upgrades can be decided through a governance vote.
What is Uniswap?
Uniswap is a decentralized exchange (DEX) that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary. With a DEX, traders do not have to deposit their tokens on an exchange and be exposed to the security risks of a centralized exchange.
Users just need an Ethereum wallet like Metamask and they can immediately start swapping tokens. Users can then swap tokens directly without the need of an orderbook. This works using an Automated Market Maker (AMM) where Liquidity Providers (LP) deposit tokens into the smart contract and this liquidity then provides a price quote to traders without relying on any professional market makers. Liquidity Providers are compensated with a 0.3% trading fee for providing liquidity on the protocol
dYdX - will finally move - longI have been waiting for dYdX for a while - I think it's time to get in now.
I see a trend break and nice gap for a potential 30% move.
I don't hesitate to take a spot trade here that I plan to hold for a while. I think we could see a quite fast 30% move.
If you are bullish on dYdX - this could be a nice entry to hold for months!
I think the real movement will start after we see a 4hour close above 3.34.
#PERP/USDT#PERP
Price has been trading in a bearish year since July 2023
The price moves in the direction of breaking the downtrend.
At the first goal of 1.000
Second goal 1.3100
Expects correction after the first goal
This bullish is supported by oversold on MACD
It is also supported by a fraction of Moving Average 100 upwards