PROM (1M_Journey) Entry ( 5.39 ) T( 8.1)Stop ( 4.89)BINANCE:PROMUSDT
1 Million Journey.
It is a long journey with NO FOMO & NO RUSH.
In those trades i will try to make 1 million USD from 1000 USD.
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(7)
Entry (5.39) 1000$
Target ( 8.1)
Stop ( 4.89)
This trade notes
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* Risk is (9%), Reward (50%)
* the coin made (CHOCH) on daily time frame & price now in very nice range.
* the coin is retesting for going more up but i am enough with 50% profit
* if the coin price came more down may be i will add some more to minimize my entry price and the stop loss is same.
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General information
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1. throw this challenge i will try to make 1 million USD from 1000 USD
2. It will be very long journey not fixed by time with NO FOMO & NO RUSH.
3. I will take this challenge by my personal money and my personal decisions so please if you need to follow ( do your own plan).
4. May be i can achieve that target and may be not.
5. I think it will be educational challenge.
6. May be a lot of challenges Throw the journey, i will try to correct the path every fall.
6. I do not need 1000X in one coin but i need small profit with a lot of successful trades depend on the following formula for 10% Profit
NST= ( IN(FV/C) ) / ( IN (1+P) )
NST = Number of successful trades (NST)
FV = Final value
C = Capital
P = Profit percentage
IN = Natural logarithms ( IN from calculator)
NST = ( IN ( 1000 000 / 1000 ) / ( IN ( 1 + 10% ) ) = 6.908 /.09531 = 73.5 Successful trade. with no loses.
Risk management
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1. Entry by 50% or 75% depend on the market situation.
2. Maximum 5% loses per trade.
3. Maximum 1 lose per day.
4. Maximum 2 loses per week.
5. Maximum 2 trades per day.
6. Minimum rewards has to be 5% and the maximum depends the coin targets & market situation.
Trading rules
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1. Figuring the best entry point.
2. After achieving more than 5% profit moving stop loss to secure 5% profit .
3. Trading available opportunities in the market ( everyday - every week - every month)
4. Trading will be spot only.
5. Trading will be with trusted & high liquidity platform ( Binance coins).
6. (Monitoring coins - low liquidity coins) will not be traded .
7. (High rewards -low risks - fast trades - lower time frames ) will be traded.
Notes
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1. these rules can be changed due to the market situations and new challenges.
2. You can check the journey tags in the below Tags....
www.tradingview.com
www.tradingview.com
3. You can check my total posts in the below tag....
www.tradingview.com
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Golden Advices.
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* collect the coin slowly in the entry range.
* Please calculate your losses before the entry.
* Do not enter any trade you find it not suitable for you.
* No FOMO - No Rush , it is a long journey.
__________________________________________________________
Thank you for reading,
@Crypto_alphabit
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PROM
PROMPROM is a High-performance scalable network based on Polygon CDK. PROM is an innovative gaming NFT marketplace that allows users to buy, sell, and trade NFTs.
Anyway, PROM chart seems very promising. A huge rise followed by a correction phase which seems unfolding in a big triangular pattern. Currently, PROM is at the bottom of this triangle, the best place to buy. When PROM breaks this triangle upward, that mean the next upward phase has already started. Let's see what happens.
PROMUSDT.4HThe chart for PROM/USDT on a 4-hour timeframe presents a detailed analysis of Prometheus (PROM) against USDT. Here's my in-depth analysis based on the chart:
Current Situation
Price Level: PROM is currently trading at $4.924.
Recent Price Action: The chart shows a significant downward trend followed by a period of stabilization and a slight upward rebound.
Support and Resistance Levels
Resistance Levels (R1 and R2):
R1: $5.809
R2: $6.436
Support Levels (S1 and S2):
S1: $4.406
S2: $4.002
Analysis and Conclusion
From the chart, PROM has broken through a major descending trendline, indicating a potential reversal or at least a slowdown in the previous bearish trend. The current price is testing the middle ground between the first resistance at $5.809 and support at $4.406.
Trading Strategy
Bullish Scenario: If PROM continues to gain and successfully breaches the $5.809 resistance, it could target the higher resistance at $6.436, suggesting a stronger bullish sentiment.
Bearish Scenario: Conversely, if PROM fails to sustain its current level and falls below the $4.406 support, it might seek lower grounds towards $4.002, which could signify a resumption of the bearish trend.
Final Thoughts
Monitoring PROM’s interaction with these key levels is crucial for any trading decisions. Given its current position and recent breakout from the descending trendline, there is a cautious optimism, but it remains vital to watch for any changes in volume and market sentiment that could indicate a more definitive direction. Setting stop-loss orders just below critical support levels can help manage risks in case of a sudden downturn. Always ensure your trading decisions are aligned with your overall risk management strategy and market analysis.
PROMUSDT.4HIn my analysis today, I’m focusing on the PROM against USDT, viewing the 4-hour chart on the Binance exchange. PROM is currently trading at approximately $5.517, with a noticeable downtrend observed over the recent periods.
Key Resistance and Support Levels:
PROM shows critical resistance at R1 ($5.809) and a further high point at R2, though not precisely identified on the chart. The nearest support level (S1) is identified at $4.406, which is slightly below the current trading price. This setup suggests a crucial juncture; if the price falls below this support, there could be further decline towards the lowest observed price around $4.373.
Technical Indicators Analysis:
• MACD: The MACD line is above the signal line but very close, indicating a potential slowdown in bearish momentum or an upcoming bullish crossover. However, both lines are near the zero line, indicating low momentum in either direction.
• RSI: The Relative Strength Index is just above 55, indicating neither overbought nor oversold conditions but tilting towards a more stable or bullish sentiment in the short term.
Analysis:
The chart reveals that PROM has been in a decline but shows signs of stabilizing or attempting a mild recovery as it approaches critical support levels. The proximity to R1 and the current RSI level suggests there could be a slight bullish momentum building, possibly testing the R1 level soon if the support holds.
Conclusion and Trading Strategy:
Considering the current price dynamics and technical indicators, my strategy would involve monitoring PROM for any signs of sustained bullish momentum or reversal patterns near the support level. If the price maintains above $4.406 and shows signs of an upward move, entering a long position with a target close to R1 ($5.809) might be feasible, while setting a stop-loss just below S1 to mitigate potential losses.
This scenario hinges on the market’s reaction near these critical technical levels and the overall market sentiment. Close observation of MACD and RSI developments will also be key in confirming the trend direction and strength before making any trading decisions.
Prom/BTCWill Prom will be the next greatest pump on Binance Like TRB?
I see a big wide divergence on weekly RSI which can cause a good pump for Prom btc and usdt next days
Circulating supply: 18,250,000 PROM only.
PLZ DYOR.
PROMUSDT.4HBased on the provided market data, the PROM token is currently priced at 6.69 USDT.
From a technical perspective, the Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.51, 58.84, and 64.02 respectively. These values suggest that the token is neither overbought nor oversold, but is closer to being overbought on a 7-day basis.
The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.269, 0.326, and 0.440 respectively. These positive values suggest that the token is on an upward trend.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 8.68, 7.67, and 7.67 respectively. The current price is closer to the lower band, indicating a potential upward price movement.
The token has support levels at 6.56, 5.95, and 5.29 for 4 hours, 5.95, 4.48, and 3.67 for 1 day, and 4.85, 3.71, and 3.707 for 7 days. The resistance levels are at 8.89, 9.44, and 10.007 for 4 hours, 9.44, 10.058, and 11.050 for 1 day, and the same for 7 days.
In conclusion, the PROM token shows signs of an upward trend. However, any investment decision should be made cautiously considering other factors like market conditions, news related to the token, and risk tolerance.
PROM/BTC - Prometeus: Elliott Wave 12345◳◱ On the $PROM/ CRYPTOCAP:BTC chart, the Elliott Wave 12345 pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.000124 | 0.0001297 | 0.0001402 and support near 0.0001135 | 0.0001087 | 0.0000982. Entering trades at 0.0001165 could be strategic, aiming for the next resistance level.
◰◲ General info :
▣ Name: Prometeus
▣ Rank: 336
▣ Exchanges: Binance, Kucoin, Bittrex
▣ Category/Sector: N/A
▣ Overview: Prometeus project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0001165 ₿
▣ 24HVol: 0.757 ₿
▣ 24H Chng: -1.688%
▣ 7-Days Chng: -5.08%
▣ 1-Month Chng: -1.28%
▣ 3-Months Chng: 6.43%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.000124 | 0.0001297 | 0.0001402
◢ Support: 0.0001135 | 0.0001087 | 0.0000982
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Technical Indicators Summary : SELL
◲◰ Sharpe Ratios :
▣ Last 30D: 1.50
▣ Last 90D: 0.60
▣ Last 1-Y: 0.28
▣ Last 3-Y: 0.67
◲◰ Volatility :
▣ Last 30D: 0.33
▣ Last 90D: 0.86
▣ Last 1-Y: 0.86
▣ Last 3-Y: 3.37
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.76 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth PROMBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
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$WTC Performing Falling wedge in 1DFalling Wedge
The falling wedge can either be a reversal or continuation signal.
As a reversal signal, it is formed at a bottom of a downtrend, indicating that an uptrend would come next.
As a continuation signal, it is formed during an uptrend, implying that the upward price action would resume. Unlike the rising wedge, the falling wedge is a bullish chart pattern.
In this example, the falling wedge serves as a reversal signal. After a downtrend, the price made lower highs and lower lows.
Notice how the falling trend line connecting the highs is steeper than the trend line connecting the lows.
If we placed an entry order above that falling trend line connecting the pair’s highs, we would’ve been able to jump in on the strong uptrend and caught some pips!
A good upside target would be the height of the wedge formation.
If you want to go for more pips, you can lock in some profits at the target by closing down a portion of your position, then letting the rest of your position ride.
PROM/BTC - Prometeus: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the TURQUOISE:PROM / CRYPTOCAP:BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.0001547 | 0.000169 | 0.000191, and the major support zones can be found at 0.0001327 | 0.000125 | 0.000103. Consider entering at the current price zone of 0.0001473 and targeting higher levels.
◰◲ General info :
▣ Name: Prometeus
▣ Rank: 278
▣ Exchanges: Binance, Kucoin, Bittrex
▣ Category/Sector: N/A
▣ Overview: Prometeus project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0001473 ₿
▣ 24HVol: 2.811 ₿
▣ 24H Chng: 3.224%
▣ 7-Days Chng: -7.97%
▣ 1-Month Chng: -1.88%
▣ 3-Months Chng: -10.28%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0001547 | 0.000169 | 0.000191
◢ Support: 0.0001327 | 0.000125 | 0.000103
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -0.36
▣ Last 90D: -1.09
▣ Last 1-Y: -0.28
▣ Last 3-Y: 0.78
◲◰ Volatility :
▣ Last 30D: 0.50
▣ Last 90D: 0.50
▣ Last 1-Y: 0.86
▣ Last 3-Y: 3.51
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.76 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth PROMBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
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PROM/BTC - Prometeus: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the TURQUOISE:PROM / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.0001648 | 0.0001742 | 0.0001947, and the major support zones can be found at 0.0001443 | 0.0001332 | 0.0001127. Consider entering a trade at the current price zone of 0.0001643 and targeting higher levels.
◰◲ General info :
▣ Name: Prometeus
▣ Rank: 261
▣ Exchanges: Binance, Kucoin, Bittrex
▣ Category/Sector: N/A
▣ Overview: Prometeus project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0001643 ₿
▣ 24HVol: 8.833 ₿
▣ 24H Chng: 0.983%
▣ 7-Days Chng: 12.44%
▣ 1-Month Chng: -0.69%
▣ 3-Months Chng: -12.08%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0001648 | 0.0001742 | 0.0001947
◢ Support: 0.0001443 | 0.0001332 | 0.0001127
◱◳ Indicators recommendation :
▣ Oscillators: BUY
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : STRONG_BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -1.51
▣ Last 90D: -1.00
▣ Last 1-Y: 0.79
▣ Last 3-Y: 0.68
◲◰ Volatility :
▣ Last 30D: 0.50
▣ Last 90D: 0.63
▣ Last 1-Y: 1.23
▣ Last 3-Y: 3.52
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.76 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth PROMBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
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PROM/USDT - Prometeus: Resistance_Breakout_Confirmation◳◱ An impressive Resistance Breakout and Confirmation has been detected on the TURQUOISE:PROM / CRYPTOCAP:USDT chart. The price has surged above a key resistance level, accompanied by a compelling candle pattern, thereby signifying a promising bullish trend. Notable resistance levels can be pinpointed at 4.31 | 4.75 | 5.47, while substantial support zones are identifiable at 3.59 | 3.31 | 2.59. It is highly recommended to seize this opportunity by entering a trade within the present price range of 4.07 and setting sights on higher levels of profitability.
◰◲ General info :
▣ Name: Prometeus
▣ Rank: 287
▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Bittrex, Hitbtc
▣ Category/Sector: N/A
▣ Overview: Prometeus project overview is currently unavailable. I'll try to update this in the upcoming analysis.
◰◲ Technical Metrics :
▣ Mrkt Price: 4.07 ₮
▣ 24HVol: 268,091.694 ₮
▣ 24H Chng: 3.562%
▣ 7-Days Chng: 5.75%
▣ 1-Month Chng: 9.01%
▣ 3-Months Chng: -20.72%
◲◰ Pivot Points - Levels :
◥ Resistance: 4.31 | 4.75 | 5.47
◢ Support: 3.59 | 3.31 | 2.59
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: 1.91
▣ Last 90D: -1.52
▣ Last 1-Y: 0.06
▣ Last 3-Y: 0.79
◲◰ Volatility :
▣ Last 30D: 0.54
▣ Last 90D: 0.53
▣ Last 1-Y: 0.95
▣ Last 3-Y: 3.56
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.76 - V. Bullish
▣ Reddit sentiment score is 0.58 - Bullish
▣ In-depth PROMUSDT technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
A Correction May Be on the HorizonPrometeus (PROM) is a hot topic in the crypto world today, with the asset's price currently sitting at $6.273 and a 4-hour timeframe under consideration. As of now, PROM is leading the market with the most gain today, making it an attractive asset for traders and investors.
However, we must take a closer look at the given indicators to understand the asset's current state. The Relative Strength Index (RSI) for PROM is at a high of 81, which suggests that the asset is currently overbought. This means that a price correction could be on the horizon, so investors should exercise caution.
Looking at the Fibonacci levels, we can see that the 0.5 Fibonacci level is currently at 4.230, which could potentially act as a support level for the asset. However, if the asset's price continues to climb, we could see it testing the 1 Fibonacci level of 3.669.
The upper and lower Bollinger Bands for the 4-hour timeframe are at 5.830 and 3.769, respectively, with the middle Bollinger Band at 4.800. This suggests that the asset is experiencing moderate volatility, with potential support and resistance levels at the Bollinger Bands.
The volume oscillator for PROM is currently at 51.54%, indicating that there is the moderate trading activity for the asset. Meanwhile, the Moving Average Convergence Divergence (MACD) is indicating bullish momentum with a reading of 0.308. Additionally, the 4-hour Exponential Moving Average (EMA) 50 is currently at 4.669, indicating that the asset is trading above its short-term moving average. These indicators all support the idea of bullish momentum for PROM.
In conclusion, PROM is currently a hot asset in the crypto market with the most gain today. However, the high RSI suggests that a correction may be on the horizon, so investors should exercise caution. The Fibonacci levels and Bollinger Bands can be used to identify potential support and resistance levels, while the moderate trading volume and bullish momentum indicators support the idea of a continued upward trend for PROM.
Prom token formed bullish Gartley | A good buy opportunityHi dear friends, hope you are well, and welcome to the new trade setup of Prom token.
On a 4-hr time frame, PROM has formed 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
Prometeus Grows 350% In One Day (Over 835% In 49 Days)Prometeus is also showing the "same pattern" and we see massive growth.
Yesterday alone produced a 350%+ candle.
Over 835% of growth since the 12-May low.
Here is the bottom pattern:
Looking at the weekly timeframe we can notice the highest volume ever this week as PROMBTC moves above EMA50.
Above EMA50 = bullish market.
Keep reading... There is more.
Namaste.