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Pointofcontrol

SHIB/USDT Trading ScenarioAmid the overall negativity in the cryptocurrency market, SHIB has significantly dropped in price, falling from a local high of $0.00004605 to $0.00001272. This decline amounts to more than 70%. The asset's price has nearly reached a range of global interest among participants, as confirmed by the volume profile. Currently, there is an attempt to recover the price and consolidate below the downward-sloping resistance level. We can anticipate a breakout of the downward-sloping resistance level, followed by consolidation above it and further price growth. The resistance level may be at $0.00002963. However, the possibility of continued price decline should not be ruled out, with a potential drop to the Point of Control (POC) at $0.00001032 and a subsequent bounce from that level.
by Rick_SimpleSwap
NEAR/USDT Trading ScenarioAfter reaching a local high of $8.981, NEAR corrected to $4.453, resulting in a decline of over 50%. Subsequently, the asset attempted to recover but failed to reach the previous local high and once again headed downward, retesting the $4.453 level and breaking below the 200-day moving average. Currently, the asset is trading near the newly formed resistance level and the 200-day moving average, with support provided by the volume profile. Under current conditions and within the summer market context, a continuation of the downward movement can be expected with the aim of liquidity accumulation. This situation appears quite attractive for opening a position in this asset and holding it until new significant sell signals emerge.
by Rick_SimpleSwap
XRP/USDT Trading ScenarioThe XRP’s price has dropped to a significant support zone at the $0.4504 level. This is the fourth time the price has returned to this area. Historically, the price has bounced off this zone. An increase in trading volume is also observed in this price area. This zone serves as an accumulation area. In the future, a sharp price drop can be expected with the aim of gathering liquidity accumulated below this zone, followed by an upward price movement. The next resistance levels are at $0.6265 and $0.7493.
by Rick_SimpleSwap
RNDR/USDT Trading ScenarioThe RNDR asset price demonstrated the formation of an inclined support level, which was successfully tested three times, followed by a confident rebound. In parallel, an inclined resistance level is observed, from which the price bounced twice. In the context of the volume profile, the asset is trading in a range between $7.895 and $11.088. Currently, the price has bounced off the sloping resistance level for the third time, which could lead to a continuation of the uptrend. If the breakdown and consolidation above this level occurs, growth to the local maximum at $13.839 is possible.
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by Rick_SimpleSwap
2
BOME Trading ScenarioThe asset price chart has completed the correction from the $0.018578 level to the $0.007099 level, which represents more than 60% of the correction. Currently, the asset is trading within the ascending trading channel, pushing away from the sloping support and resistance levels. The volume profile indicates that participants continue to demonstrate interest in continuing the ascent within the channel. Touching and rebounding from the sloping support level may be an optimal entry point for a position that will continue to grow, with a probability of subsequent breakdown of the sloping resistance level and continued upward movement.
by Rick_SimpleSwap
ARB/USDT Trading ScenarioWe are considering a scenario of price movement for ARB. Currently, the asset is within a price range that attracts active market participants' interest. This interest is confirmed by the analysis of the volume profile and increased activity on the vertical histogram. The asset's price is currently below the resistance level at $1.2746, which is above the point of control at the price level of $1.1439, acting as support. We can expect a continuation of the upward movement upon overcoming the resistance level at the price of $1.2746 and consolidating above it. The next significant point may be the overcoming of the 200-day moving average, above which the resistance level is at the price of $1.6051.
by Rick_SimpleSwap
THETA/USDT Trading ScenarioWe're looking into the scenario of price movement development on THETA. Right now, the asset is trading below the resistance level at $2.5757. There's a chance it could break through this level if the volume profile supports it. This could show that buyers are getting more interested. The next significant resistance is at $3.1098. From this level, there might be a correction and testing of the broken level, which will confirm its strength as a new support. There's a chance that further consolidation under the new level, with a probable move higher, will be seen. This will depend on the preservation of buying pressure and favorable market conditions.
BINANCE:THETAUSD
by Rick_SimpleSwap
HBAR Trading ScenarioWe're looking at how the price of HBAR has been moving recently. After dropping to a low of $0.0666, it bounced back up to $0.1818. The growth was more than 170%. Then, the price dropped back down to $0.0903. Right now, the asset price is trying to strengthen. As for now, the market is showing that sellers are in control, so we can probably expect the HBAR price to keep dropping. If you're looking to get in on this, you might want to consider buying when the price touches the 200-day moving average or when the volume level POC declines.
by Rick_SimpleSwap
DOGE/USDT Trading ScenarioBelow is a scenario for the price movement of DOGE. After an impulsive rise in the price chart from $0.08418 to $0.22721, which amounted to more than a 171% increase, resistance formed at the level of $0.22721. Under this level, the asset is trading on increased volumes. Currently, the asset is trading at $0.16156, exceeding the Point of Control level that the price chart falsely broke through. Yet the price continues to hold above it. We can expect continued interest from traders and movement towards the resistance level at $0.22721. If the resistance level is overcome and maintained above, we can expect further growth.
by Rick_SimpleSwap
BCH/USDT Trading ScenarioAfter a successful accumulation phase, BCH experienced significant growth in June 2023, rising from $90.6 to $330.1, representing an increase of over 267%. This was followed by a new accumulation phase, with the subsequent resumption of an upward trend. BCH has reached the trendline twice, which serves as support. The volume profile confirms the stability of the current upward movement, as market participants continue to move up along the trend. Currently, the BCH’s price has decreased by more than 40% from its last peak. The POC level could represent an attractive entry point. However, the possibility of continued decline towards the trendline should also be considered, where maintaining the trend may offer even more beneficial entry points for the BCH purchase.
by Rick_SimpleSwap
🌕🚀Long Opportunity on SOL/USDT: Leveraging POC, Fibs and SMC💰Welcome to my trading idea for SOL/USDT! We're eyeing a long position based on a confluence of factors including the Point of Control (POC), Fibonacci retracement levels, and Smart Money Concepts (SMC) with a Bullish Order Block (OB). Entry: Our entry point is strategically set at 173.78, residing within the Golden Pocket of Fibonacci retracement levels. This zone not only intersects with significant POCs but also aligns with a Bullish OB, reinforcing its attractiveness as a potential entry point. Stop Loss: To manage risk effectively, our stop-loss order is positioned at 165.22. Placed below the Golden Pocket, OB, and POCs, this level provides a buffer against potential downward movements. Take Profit: Our take-profit target is set at 200.20$. This represents our first profit-taking level (TP1) and offers a favorable risk-reward ratio. By leveraging these technical indicators and market insights, we aim to capitalize on potential bullish momentum in SOL/USDT, while ensuring prudent risk management. Remember to adjust your position size according to your risk tolerance and always stay informed of market developments. Happy trading! 🌟📈 Don´t forget to like (boost),follow me, comment and share it to your friends!
Long
by smarttrader012
1
LTC/USDT Price Movement ScenarioBelow is the price movement scenario for LTC. Analyzing the asset's dynamics since mid-2022, we can observe a clear upward trend, indicating investor confidence and potential growth prospects. However, despite this, the asset is still significantly below its all-time highs, providing an opportunity for entry into positions. Looking at the trading volume profile, we see that market participants continue to act in line with the current trend, accumulating positions to support price growth. Currently, the asset is trading below the resistance level at $115.86, which can be considered as a potential entry point. It is expected that continued trading below this resistance level may lead to further strengthening of positions and subsequently to a breakthrough of this level. The target level at $297.70 can be considered as the next key level.
by Rick_SimpleSwap
ETH/BTC Price Movement AnalysisWe are considering the movements of the ETH price relative to the BTC price. On the chart of ETH movement relative to BTC, we can identify a specific range where the support level is at 0.04885 BTC, and the resistance level is at 0.08869 BTC. When the price reaches the support level at 0.04885 BTC, a confident bounce is observed, followed by further growth. Currently, ETH has bounced again from the support level and is in a consolidation phase, which may precede a more significant rise in ETH compared to BTC in the medium term. However, it is important to note that there may be obstacles to the price, including the volume level at 0.06811 BTC. This level is in the middle of the range and could serve as a profit-taking point for market participants.
by Rick_SimpleSwap
2
LINK/USDT Trading ScenarioWe are considering the scenario of price movement for LINK. The asset is in an uptrend. From the perspective of volume profile and participant transactions, the price is being pushed upwards. Currently, after reaching a local maximum at $22.845, the asset has started a correction, and its price has decreased by more than 27%. Additionally, amidst the BTC correction, we can expect the continuation of the asset's price decline towards the levels of $14 and even $12. We are considering this situation to increase the share of the asset in the portfolio with a long-term holding perspective aiming for profit maximization.
by Rick_SimpleSwap
MINA/USDT Trading ScenarioBelow is the scenario of price movement for MINA. As a result of an extended period of accumulation of large positions at a price of $0.6862, participants have begun to initiate an upward price movement. After completing additional accumulation at around $1.3297, the asset is once again approaching the local maximum and resistance level at the price of $1.6908. We consider the possibility of conducting a deal on breaking through the local maximum at the price level of $1.6908 with the aim of consolidating above this level and subsequently continuing the upward trend of the asset's value.
by Rick_SimpleSwap
APT/USDT: APT Trade EntryWe are considering a scenario of the beginning of APT purchases. Since the beginning of the second half of October, the asset has been demonstrating an upward trend, starting from the price level of $4.7926 and reaching $11.0934. This growth amounted to over 130%. At the moment, APT is undergoing a correction and is trading around the inclined resistance level. The POC volume level is also close to this resistance level. We are entering a trade on APT with the expectation of growth to the price level of $11.0934, which is more than 16%. Upon reaching this price, we plan to partially close the position, leaving it open in case of buyer activity and positive market sentiment. Then we will hold the position until the next target at the price level of $12.9259.
Long
by Rick_SimpleSwap
ADA/USDT Trading ScenarioBelow is the price movement scenario for ADA. After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883. Despite the overall positive trend in the cryptocurrency market and steady growth of BTC, the asset experienced a correction, dropping by more than 30% and testing the broken level of $0.4582. This was followed by an attempt to rebound; however, from the volume profile perspective, the asset encountered volume resistance. We expect further development of the scenario for acquiring the asset. In case of a decrease in the asset's price and subsequent retesting of the resistance level at $0.4582, as well as holding this level, together with the shift of the global POC to this mark, we will begin to form positions with further holding.
by Rick_SimpleSwap
FXS/USDT Speculative TradingBelow is a speculative deal on FXS/USDT. After the consolidation period, the asset has begun to demonstrate an upward trend, showing a strengthening of its position in the market. During this period, the asset's price bounced off the inclined support level three times, indicating strong buyer interest at this level. As of writing, there is a consolidation phase around the Point of Control level, which may be a sign of a temporary slowdown and accumulation of positions for further movement. At the same time, a clear support level has formed at the price of $10.916, which has already been approached three times. Such price movements can provide opportunities to enter the market. At the current prices, there is a possibility of buying the asset with subsequent holding of the position in anticipation of overcoming the resistance level at $10.916 and further movement towards the $12.416 mark. The expected growth will be more than 30%. If the trend strength and positive market dynamics are maintained, we plan to hold part of the position for further participation in the movement.
Long
by Rick_SimpleSwap
TRX/USDT Trading Scenario: TRX Accumulation We are considering the scenarios of TRX development and initiating purchases of the asset. Since March 2023, the asset has demonstrated a noticeable upward trend. It surpassed the 200-day moving average level, which is a strong indicator. TRX’s price has increased by more than 120% since reaching the $0.12367 mark. This indicates significant attractiveness of the asset during this period. It is also worth noting that while the price of BTC is decreasing, this asset continues to show stable growth. This may indicate its strong position and potential for further growth, despite the overall market direction. However, given the current market scenario, there is a possibility of a correction in the price of the asset along with the overall market movement. We are considering the possibility of entering a position on the TRX correction. We plan to start accumulating a position when the price reaches around $0.10528 and consolidates above this level. If the price declines to the sloping trendline at approximately $0.09689, we might also consider adding to the position. This approach is based on the desire to enter a position at an optimal level that will support our risk management strategy and increase the potential profitability of the trade.
by Rick_SimpleSwap
XRP/USDT Investment OpportunityWe are considering an investment position in XRP. After a explosive growth of over 98% in a single day in July 2023, the asset's price reached $0.9378. This was followed by a swift return to pre-spike levels, then a jump from $0.4597 to $0.7490, resulting in a significant increase of over 60%. Currently, the price has returned to the reversal zone, representing the upper boundary of a long consolidation period that lasted for a whole year. During this consolidation period, there was high trading volume, indicating significant attention and activity from large market participants. In light of the current market dynamics, we are analyzing the possibility of acquiring the asset within the consolidation range for long-term holding. In case of further price declines, we also consider additional purchases of XRP, complementing our portfolio in line with current trends and prospects. This strategic decision aims to capitalize on potential growth opportunities and ensure portfolio stability amidst market volatility.
by Rick_SimpleSwap