PSG/USDT : Bouncing back from support, Eyeing a bullish reversalPSG/USDT: Bouncing Back from Trendline Support, Eyeing a Bullish Reversal
PSG/USDT is displaying signs of a strong recovery 📈 as it rebounds from a crucial trendline support zone 📊. This bounce could pave the way for a bullish reversal 💥 if momentum continues to strengthen. Keep an eye on this pair 👀 for potential upside opportunities.
Key Insights:
1. Trendline support: PSG/USDT has respected a significant trendline that has acted as a reliable support level. The current rebound indicates growing buyer confidence.
2. Volume uptick: Watch for a surge in trading volume during the bounce, which will confirm the presence of strong buyers 🔥.
3. Bullish signals: Momentum indicators like RSI and MACD are showing positive divergence ⚡, supporting the possibility of an upward move.
Steps to confirm the reversal:
Look for a clear pattern of higher highs and higher lows on the 4H or daily timeframe 📍.
A noticeable increase in volume during the bounce will validate buyer strength 📊.
Monitor for price testing and potentially breaking above the next resistance zone to confirm a bullish trend ✅.
Be cautious of false recoveries or sudden sell-offs that breach the trendline ⚠️.
Risk management strategies:
Set stop-loss orders just below the trendline support to minimize risk 🔒.
Ensure position sizes are aligned with your overall trading strategy and risk appetite 🎯.
This analysis is for educational purposes only and not financial advice. Always conduct your own research (DYOR) 🔍 before making investment decisions.
Psgusdtbuy
PSG/USDT Plan PSG/USDT Plan
On the weekly timeframe, PSG/USDT is trading within a wedge pattern 📉🔼. This structure often hints at a potential breakout scenario. If the price manages to break above the wedge resistance, we could witness a strong bullish move, potentially 100-200% in the coming days 🚀. Keep this pair on your watchlist as wedge patterns often lead to significant price movements.
Key observations:
1. The price is currently testing the upper trendline of the wedge, which has acted as a strong resistance zone. A confirmed breakout above this level could open the doors for a major rally 📊.
2. Breakouts are typically accompanied by increased trading volume, so watch for a volume surge to confirm the move 🔥.
3. Momentum indicators such as RSI and MACD are key tools to monitor. Positive signals or crossovers from these indicators can further strengthen the breakout case ⚡.
Tips for trading wedge breakouts:
- Wait for a confirmed candle close (daily or weekly) above the resistance line before entering a trade.
- A noticeable volume spike during the breakout signals strong buying pressure 📈.
- Watch for a potential retest of the broken resistance line as support, which could offer a safer entry point.
- Be cautious of fake breakouts. Set a stop-loss below the recent swing low to manage risk effectively 🛡️.
This is not financial advice. Always do your own research (DYOR) before making trading decisions 🔍. Stay disciplined and trade wisely!
PSG ACCUMULATION BREAKOUT🚀#PSG (Update)
Here is a daily timeframe analysis. Price broke the first accumulation zone which led to the trendline breakout.
There’s a retest on the current accumulation. Therefore, I expect a push upward to $13 and $14.
Not a financial advice🙅🏼♂️
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💥PSG 3RD ACCUMULATION PHASE⚡️Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
As highlighted on this chart, it is evident that after Paris Saint-Germain (PSG) consolidate for a while. It will then breakout, pullback and pump to a new ATH.
During this accumulation phase, many factors define the rise and fall on PSG price within this range.
As seen yesterday, PSG lost a match with Real Madrid which influenced the fall from $17.76 to $14.
More factors and news outbreak will make price rally within this range and a bigger win by PSG will make price break out of this accumulation phase to upside. This will give investors high return with 500% - 600% ROI from $12.10 to $60 and $65 as take profit.
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💥PSG CONSOLIDATION - TARGET AT $18🚀Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
As explained in my last post. I explained why psg will range for a while before taking up again.
Click here if you haven’t sent it👇
Psg has been consolidating between $12 and $14. And we have price gradually heading toward $14.
Drop your opinion in the comment section.
What do you think will happen when Psg hit the resistance at $18??… breakout from consolidation or fall back to support at $12??
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💥PSG NEXT MOVE - TO FALL TO $17, THEN L0NG TO $65Please support this idea with a LIKE👍 if you find it useful🥳
As seen on this chart, we have the diverging triangle pattern here with three resistance zone and two (2) credible support zones.
Price rejection at the third resistance zone will make PSG price to fall within $14 - $20 before rising again.
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💥PSG CLUB TOKEN - TO RISE BY 340% - 400% TO $60 & $70Please support this idea with a LIKE👍 if you find it useful🥳
Not a financial advice🙅🏼♂️
This idea is a continuation of the first psg analysis done on the 14th August, 2021.
As indicated on the post, I forecasted for price to fall within $14 & $20 from $39.671 and it obeyed the idea.
Price is back to its accumulation zone where I urge investors to pull in within 13 & $18.
Thereafter, I expect a bounce back by 340% - 410% to $60 & $70.
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Paris Saint Germain PSG Fan TokenParis Saint Germain PSG Fan Token analysis PSG USDT has reached a strong weekly demand level around 23.85 price level. This is a great opportunity to buy PSG fan tokens for those of you who trade cryptocurrencies and fan tokens.
Fan tokens are a type of cryptocurrency that allow holders to vote on mostly minor decisions related to their clubs. Among clubs to launch tokens this year are English Premier League champions Manchester City and Italy’s AC Milan. Messi’s former club Barcelona launched one last year. PSG token is just one of the many fan crypto tokens available as of October 2021.
PSG time to buy!After checking tendencies for PSG token fans I saw I high Elliot's wave in decreasing for but after checking RSI and comparing with MACD volumes I detected a new tendency pattern which indicates that PSG is going to increase his value and seems that this tendency will continue for some time.