$BTC | We are going lowerThe dead cat bounce was retraced last week along with all other markets and hit the trend line nicely. If we break the support zone highlighted (which is a major leve) the next stop is around the $16,000 area (which isn't a strong level at all) and then $11,000. We haven't cleared any trend line and have respected the 50 EMA for over 5 months now.
For investors, this is fantastic news. For traders and who are shorting, this is fantastic news.
Perpetual
Perpetual Protocol (PERP) formed Gartley for upto 16% pumpHi dear friends, hope you are well and welcome to the new trade setup of Perpetual Protocol (PERP) with US Dollar pair.
Previously we had a nice trade of PERP with BTC pair.
Now on a 4-hour time frame, 1INCH has fored a bullish Gartley pattern:
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Perpetual PERPUSDT - Record volume! + Elliott wave + Wedge!- If we take a look at the volume indicator, we can clearly see a massive bullish volume spike, which is definitely a good sign!
- On the weekly scale, we can see a falling wedge that is currently breaking out!
- As per my Elliott wave technical analysis - the huge impulse wave (12345) should be completed, as you can see.
- On the RSI indicator, there is a bullish divergence - wonderful sign of a trend reversal.
- Profit target: 0.618 FIB + start of the wave 5 for 700% profit.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
This channel is STILL working and keeping me SAFE I was hesitant last week to share this and wasn't sure enough about this working for longer time frames. BUT as you can see this has been really good for me the last 2 weeks. Same with this morning as my reference to keep my mind LEVEL and stay away from emotions and Drama. I HOPE it can help someone else make and KEEP what gren they see in these times of #BearMarkets and #Winter ... Trade safely Hustlers ... Ive used THIS channel to reference OTHER things im trading and its been CRAZY accurate even for other charts when im not sure about a move or breakout i go back and see what ADA on this chart is doing ( 1 tab click away) and its SAVED me several times this last two weeks from making BAD emotional and or #fomo moves. Until further notice its STILL helping .
LRC/USDT Adam and Eve PatternLRC/USDT has formed an Adam and Eve pattern. LRC has broken the neck neckline @ $0.51 cents and has retested it before making a move to the upside. Volume is increasing and price action is currently testing the 200 EMA.
Potential move is 61% from the break of the neckline (as indicated on the chart).
TP1: $0.71 -$0.72
TP2: $0.80 - 0.88
Hope you have enjoyed this analysis. Remember nothing is 100% accurate even if you do see this pattern play out. always follow the price action and let the price tell you where the market is heading. Good luck
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Perp 1h ShortSetup: There is huge rejection off the POC in the 1h timeframe signified by the large volume candle. This looks real bearish for Perp. Furthermore, Perp is also on a long term downtrend, adding confluence to the trade. For extra confirmation, we will like to see it consolidate before breaking down.
Entry: Breakdown trade( 1 ATR below the weekly lows) at 1.02
Exit: Trail using the SAR indicator
let's have risky one here on #ethereumalright guys i guess we can have some risks to take some opportunities for getting into some #positions #long here on #ethereum, but despite that this is a #trading #setup try to #duble #manage your #risk on your #capital and as always this is #chart and "whatever can happen on a chart,definitely will happen"
#stay #safe
🆓Perpetual Protocol (PERP) Mar-19 #PERP $PERPThe buying force is being pushed into PERP quite strongly and stably. There is almost no selling force at the $4 zone and this is an opportunity for PERP to conquer the $4 zone to continue rising in the near future. PERP is undervalued so we can expect a quick and strong rally to the $7 zone.
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 4$ zone
🔴Buy : 4
🔴Sell : 5 - 6 - 7
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 4$ zone
🔵Sell : 4
🔵Buy : 3.6 - 3.2
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section