PENDLE - Is there a trade opportunity here ? #PENDLE/USDT Analysis
Description
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+ As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month.
+ This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month.
+ This presents a favorable opportunity to initiate a SHORT trade.
+ While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity.
+ I anticipate a price rebound after reaching the support range around 2.6.
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VectorAlgo Trade Details
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Entry Price: 2.9762
Stop Loss: 3.44
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Target 1: 2.827
Target 2: 2.6256
Target 3: 2.4415
Target 4: 2.2552
Target 5: 2.124
Target 6: 1.999
Target 7: 1.619
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Timeframe:1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
Pump
GMXUSDT 30% PUMP INCOMING!??? Check it out!In my eyes, it seems like GMXUSDT is in for its own bull market. Follow me here on trading view if you want my entry FOR FREE on time. I will be posting analysis of all my other high conviction plays that will make me thousands in 2024 on my trading view profile.
50%+We have fear in the markets and SEI is ready for a FULL MOONPotential wave 5 of wave five coming in HOT!
It is on schedule witht the full moon as others are not IMO.
Fresh 30% correction and primed for the breakout!!
Will BTC stall and pmup the others like how Sushi just pumped?
Doge is also ready to fly!!
Bitcoin at strong Resistence zone with FiboBINANCE:BTCUSDT.P BINANCE:BTCUSDT KUCOIN:BTCUSDT BYBIT:BTCUSDT
Bitcoin Technical Analysis Update
The recent weeks have seen a remarkable performance in Bitcoin, driving significant attention and speculation about its next movements. However, as with all financial markets, dynamics are subject to change, reflecting the constant ebb and flow inherent to trading environments.
Upon reviewing the provided chart, it's evident that Bitcoin has deviated below the ascending parallel channel, typically indicating a potential downturn or market correction phase. This observation aligns with classic technical analysis principles, where such a breakout often signals a reversal of the prevailing trend.
Further supporting this perspective is the application of Elliott Wave Theory. The analysis suggests that Bitcoin has completed the 5th wave in its impulse wave pattern. Historically, this phase precedes a corrective stage, often delineated as an ABC correction or a more intricate WXYXZ correction. This theoretical framework offers a structured approach to anticipating market movements based on investor psychology and price action.
The chart delineates several key price levels that merit attention. These include significant support and resistance levels, which have been historically proven to influence Bitcoin's price trajectory. Notably, the Fibonacci retracement levels at 0.382 and 0.618 are highlighted as potential areas where the market may pivot or stabilize. These levels are renowned for their reactionary nature in trading, serving as benchmarks for entry or exit points.
The current projection suggests a downward trajectory towards the 0.618 Fibonacci level, aligning with the inherent corrective pattern anticipated post an impulse wave completion. This level, coupled with historical support and resistance zones, provides a foundational basis for setting strategic trading parameters.
In summary, while Bitcoin has showcased an impressive rally, the underlying technical indicators suggest a forthcoming correction. Traders should closely monitor the identified support and resistance levels, particularly the 0.618 Fibonacci retracement, for potential market responses. As always, it's crucial to approach trading with a balanced perspective, integrating technical analysis with comprehensive market insight.
ARDR ANALYSIS🔮 #ARDR Analysis 💰💰
🌟🚀 As we can see that there is a formation of Falling Wedge Pattern in #ARDR in 1W time frame. Broken out could lead to a relief rally towards $0.1500 📈📈
🔖Current Price --- $0.0963
🎯Target Price ----- $0.1500
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #ARDR. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#ARDR #Cryptocurrency #DYOR
💡 Advanced Technical Analysis: NRFBUSDT Action 💹📊📈 Get ready to capitalize on a major growth opportunity with NRFBUSDT action. My in-depth analysis, based on Fibonacci principles, reveals key levels indicating significant upside potential.
🔍 Fibonacci Levels:
My Fibonacci study points to critical levels, with crucial buying zones between 0.0006676 and0.0009923. These levels, marked in orange and red, represent potential reversal points based on historical price dynamics. + ≈ 520 %
📊 Technical Analysis:
Technical indicators confirm the strength of this analysis, with emerging bullish reversal signals. Support and resistance levels all support the prospect of imminent upward movement.
🔒 Risk Management:
While the profit opportunity is enticing, prudent risk management is essential. Establish appropriate stop-loss levels and diversify your portfolio to mitigate potential risks associated with any operation.
📈 Future Outlook:
With market fundamentals at play and current trends, NRFBUSDT action presents short-term growth potential. By keeping a keen eye on market developments and adjusting your positions accordingly, you could maximize your returns.
🔍 Conclusion:
NRFBUSDT action offers an intriguing investment opportunity, supported by robust technical analysis on a trendline with stabilization and promising signals
WAVES/USDT - Cool as cucumber | Dump and Pump #WAVES/USDT Analysis
Description
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+ After gradual crash over the month, we are seeing a decent bounce back in the price
+ If this bounce back is really a next leg of the long trend then we are looking the price to reach next major resistance
+ If the bull trend we have multiple minor resistances and those resistances can be broken very easily if the trend is strong
+ Lets see how the price reacts and enter the trade only after the confirmed breakout
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VectorAlgo Trade Details
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Entry Price: 2.357
Stop Loss: 2.014
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Targets 1: 2.430
Targets 2: 2.550
Targets 3: 2.750
Targets 4: 2.900
Targets 5: 3.075
Targets 6: 3.220
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
Ada heikin ashi reversalif you know how heikein ashi works, well this is kinda bullish, the down trend is slowing down, and we could easily see a green heikin ashi bar path come up, a V shape return is very possible in my opinion too. And unlike the other currencies, ada dropped like 50%+ in the past couple weeks, and it's hitting major support, macd is ready for a cross and rsi is ready for a return, I really don't think it can go any further down. Bitcoin going back up definitely helps too.
POWL an earnings pop will it continue or dropPOWL destroyed analysts' estimates may more than it did the previous quarter.
Of special note, the mass index indicator rose above the threshold but has not yet triggered
a reversal signal. The next trading session may be a drop or a rest until next week.
Call options striking 100 for 15DTE did 300%. I contemplate taking put options striking $110
with the same expiration. Risky for sure but maybe highly rewarding.
buy in bull-trend📊Analysis by AhmadArz:
We are one movement , we wait for 50% correction for keep movement.
🔍Entry: 2.423
🛑Stop Loss: 2.379
🎯Take Profit: 2.469 - 2.53 - 2.576
🔗"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!
Filecoin Is About To Propel To The Mars! HUGE PUMP COMING!Filecoin has the most bullish chart in all of crypto.
As we can see on this BINANCE:FILBTC chart, TSX:FIL has clearly broken out of its long-term downtrend against $BTC. For reference, this is the weekly chart of #filecoin, which is the most important #DePIN (Decentralized Physical Infrastructure Network) coin in existence, and as is common knowledge, DePIN will be the most important narrative for the coming cryptocurrency bull cycle.
Filecoin has also broken out of its long-term downtrend against the USD ( COINBASE:FILUSD ) – see my other ideas for the chart and explanation for this pair.
As we can see on this BINANCE:FILBTC chart, filecoin has not only broken out, but also retested prior resistance to establish it as support. Not only has it retested the previous diagonal downwards sloping resistance as support, but also a previously important horizontal support level (the dashed black line).
The next important resistance Filecoin faces is the 50 weekly moving average (the thick black line). Once it breaches this resistance level, which coincidentally has confluence with an important horizontal resistance level (orange dashed line), there will be no to little resistance until it reaches the first target, which is the solid horizontal black line (137% gain).
When that happens, incredible momentum will have been established and there will be a 99% chance the rally will continue until BINANCE:FILBTC reaches the 200 weekly moving average (red thick red line), which would translate to a nearly 400% increase against bitcoin valuation from its current level.
As previously mentioned, filecoin has also broken out against its AMEX:USD pair, so you have very little time to accumulate this incredibly BULLISH coin before it explodes to levels you thought were impossible. In fact, there is a high probability you will have already been left behind by the time you read this idea.
FILECOIN TO THE MOON!
TRB Next Important LevelAfter a decent size pull back, the next level if support is at $137 which is 12% down, and strongest support is at $123. It looks like it wants to go to back to $157 and if it can flip $157 into support, then $192.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
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This is not financial advice. This is for educational purposes only.
#ETH #Ethereum #Update #ReadyTo #Pump #ToTheMoon #TTM #VIP #Eddy#ETH #Ethereum #Update #ReadyTo #Pump #ToTheMoon #TTM #VIP #Eddy
It grew by 8.00% from our previous entry point 👌
Drink everyone 🍻 the new update is for you ❤️🔥🔥
!!! CRYPTO MARKET AND BITCOIN READY TO PUMP (( 1/5/2024 )) #Eddy ;-) <3
Dr. #Eddy Sunshine (( Crypto & Forex Trader )) +10 Years Exp. of Trading.
- Long-Term Experience in Trading and mastering all kinds of analytical styles.
- The winner of the event in different exchanges and brokers.
📊 Free VIP Scalping and Swing signals for futures
📉 Providing free exclusive analysis of bitcoin and altcoins
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It grew by 46.86% from our previous entry point 👌
Drink everyone 🍻 the new update is for you ❤️🔥🔥
Our previous setup is valid, 2 important levels which are PRZ are added on the chart image with a price label that you can enter in the lower time frames below 15 minutes with a small trigger stop 👌
You can open an account on the second target 👌 The third and fourth targets are not far from my expectations 👨🏻💻
» Don't forget to get approval
» Don't forget risk and capital management
⚠️ Attention!
((Look at the position and movements of Bitcoin, as well as the general state of the market and indicators, please confirm))