SEI - Trading The Box 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 SEI has been trading inside a narrow range between 0.55 and 0.85.
🏹It is currently approaching the lower bound of the range , so we will be looking for buy setups on lower timeframes.
📈 For the bulls to take over, we need a break above the last major high marked in red. In this case a movement till the upper bound of the range would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Range
HelenP. I Euro will fall a little more, and then start to growHi folks today I'm prepared for you Euro analytics. Some time ago price rebounded down from the trend line and soon entered to consolidation, thereby breaking resistance 2, which coincided with the resistance zone. After this, EUR some time traded near this level, after which it rose to the trend line and then declined lower from this line. In a short time price declined until to one more resistance zone, but soon rebounded and made a fake breakout of the trend line and fell to the resistance zone again, which coincided with resistance 1. Later price tried to rise, but failed and continued to decline lower, until it fell to resistance 1, after which it made little impulse up, higher than the trend line, and then fell back to resistance 1 and soon broke this level. Also, the Euro exited from consolidation and continued to decline. For my mind, the price will decline to 1.0715 points, after which the Euro can turn around and start to move up to the resistance level, which coincides with the trend line. So, for this case, I set my target at the 1.0800 level. If you like my analytics you may support me with your like/comment ❤️
BTC - Two Possible Scenarios ↕️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
BTC has been boring this past week hovering inside a narrow range.
📈 For the bulls to take over, we need a break above the 44,300 structure marked in blue.
In this case, a movement till the 48k - 50k would be expected.
📉 In parallel, if the last major low at 41,850 marked in blue is broken downward, we will expecting further bearish movement till the 38,000 support.
For now, we wait ⏱
Which scenario do you think is more likely to happen? and why?.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
British Pound can rebound up from buyer zone to 1.2700Hello traders, I want share with you my opinion about British Pound. Looking at the chart, we can see how the price some days ago rebounded from the support line of the triangle and made a strong upward impulse to the resistance line, thereby breaking the 1.2610 support level, which coincided with the buyer zone. After this, the price bounced from the resistance line and in a short time declined to support line back, breaking the 1.2610 level again, but soon rebounded and made an upward impulse one more time. GBP exited from the triangle and entered to range, where it at once rose to the 1.2785 resistance level, which coincided with the seller zone, but soon rebounded back to the support level. Then GBP repeated movement up and rose to the seller zone, but later in a short time declined back to the 1.2610 level, making a fake breakout of the resistance level. A few moments later price made an upward impulse to the resistance level, then made the correction, after which it tried to rise back to the 1.2785 level, but near this level, GBP turned around and in a short time declined to the support level. At the moment, the price trades near this level and I think the British Pound can fall to the buyer zone, after which the price turn around and start to move up in range, so, for this reason, I set my target at the 1.2700 level. Please share this idea with your friends and click Boost 🚀
Kadena ($KDA) - Flush the lows and run it upKadena is prepping for a flush of the lows in my opinion, but what comes after is what I am after.
Watching for a flush soon, then my trigger is a reclaim of the range low above green and continued strength thereafter, not weakness.
A move back to the range eq is significant, this is a large range currently in a re-accumulation-like phase of the cycle for Kadena and lots of other Alts.
Long-term green zone looks like a buy, short term I would wait for a flush and take it to the range eq.
My thoughts for now.
Vatsik
Gold can fall little more, turn around, and start to move upHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price a not long time ago bounced from the support line and made an upward impulse to the resistance line of the pennant, thereby breaking the 2055 resistance level, which coincided with the seller zone. After this movement, Gold rebounded from the resistance line and started to decline to the resistance level, and after it fell, the price exited from the pennant pattern. Next, Gold broke the resistance level one more time and entered to range, where it declined to the 2015 support level, which coincided with the buyer zone with the bottom part. After this, the price started to rise and in a short time rose to the seller zone, but soon turned around and made a downward impulse lower even the buyer zone. Then price soon backed up to the range and some time traded near the support level, after which made a correction to this level and in a short time rose to the resistance level. But a not long time ago price rebounded from this level and started to fall. Now, I think Gold can decline to 2025 points, after which it turns around and starts to move up, therefore I set my target at the 2045 level. Please share this idea with your friends and click Boost 🚀
Euro can make small movement up and then start to declineHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a few days ago made an upward impulse from the resistance level, which coincided with the seller zone to the resistance line of the pennant. After this, the price rebounded from the resistance line and started to decline inside the pennant, where in a short time it fell to the support line, thereby breaking the 1.0925 resistance level. Then, the price tried to back up and rose to the resistance line, but the EUR didn't fixed and soon bounced down to the buyer zone, thereby breaking finally resistance level. After this movement, the price started to trades inside the range, where in a short time price rose to the resistance level, and later turned around and declined lower support level, but recently it backed up to the range, making a fake breakout. At the moment, I think that the Euro can make a small movement up and then start to decline to the support level, which coincides with the bottom part of the range. So, that's why I set my target at the 1.0810 level. Please share this idea with your friends and click Boost 🚀
Ripple can decline a little more, after which back up to rangeHello traders, I want share with you my opinion about XRPUSDT. Observing the chart, we can see that the price some days ago price rebounded from the resistance line and started to decline near this line to the 0.5400 resistance level, which coincided with the seller zone. After the price fell to this level, it made a fake breakout of 0.5400 level, after which it turned around and in a short time rose to the resistance line. Then price bounced from this line and made a downward impulse to the support level, thereby breaking the resistance level one more time. Also, XRP started to trades in the range, where soon the price bounced from the 0.5020 support level, which coincided with the buyer zone and started to rise to the top part of the range. When Ripple reached the top part, which coincided with the resistance level, it at once rebounded and in a short time declined to the support level. But a not long time ago, the price bounced from this level and started to rise, but failed and soon declined lower than the support level. So, in my mind, Ripple can decline a little more, after which it turns around and back up to range. After this, the price will make retest and continue to rise. For this case, I set my target at the 0.5200 level. Please share this idea with your friends and click Boost 🚀
BAD TIME FOR ALT's - BTS IS TOO STRONGAlgorand (ALGO) and Bitcoin (BTC), two prominent cryptocurrencies, recently exhibited interesting price movements within horizontal accumulations, followed by manipulation maneuvers beneath the range. Despite similarities in their actions, the market reactions varied significantly. This article explores the comparative analysis of ALGO and BTC, highlighting their respective behaviors and offering insights into potential trading strategies.
🔄 Horizontal Accumulation and Liquidity Grab:
Both ALGO and BTC were trading within horizontal accumulation ranges, indicating a period of indecision and consolidation. In a notable parallel, both cryptocurrencies executed a manipulation maneuver by removing liquidity from the lower part of the range. This tactic involves triggering stop-loss orders and creating favorable conditions for potential price movements.
📉 ALGO's Limited Reaction:
Despite the liquidity grab, ALGO demonstrated a relatively muted response. The price exhibited minimal bullish momentum, and the overall market sentiment did not reflect a strong surge. This could be attributed to factors such as market participants' cautious approach or a subdued reaction to the manipulation.
🚀 BTC's Strong Reversal:
In contrast, Bitcoin showcased a robust response to the manipulation maneuver. Following the liquidity grab, BTC experienced a significant pump, indicating strong buying interest and a bullish reversal. This demonstrated the resilience of Bitcoin and its ability to recover swiftly from manipulation-induced fluctuations.
🔍 Focusing on Bitcoin Strength:
The divergent reactions of ALGO and BTC suggest that, at the current juncture, Bitcoin is exhibiting greater strength and responsiveness to market dynamics. Traders and investors may find it prudent to focus on Bitcoin trading opportunities while it continues to showcase robust performance.
💡 Trading Strategy:
Considering the strength displayed by Bitcoin, traders may prioritize BTC trades over ALGO at the moment. Monitoring key support and resistance levels, analyzing volume patterns, and adapting strategies to Bitcoin's dynamic movements can be essential for successful trading.
🔮 Future Outlook:
The comparative analysis highlights the importance of assessing individual cryptocurrency behaviors in response to market events. While ALGO may present opportunities in the future, the current focus on Bitcoin, given its strength, could prove beneficial. Market conditions evolve, and traders should remain adaptable to capitalize on potential opportunities as they arise. A careful observation of Bitcoin's performance can serve as a strategic guide in navigating the cryptocurrency landscape.
Bitcoin can back to falling channel, where breaks support levelHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price some days ago entered to range, where it rebounded from the top part, which coincided with the 44400 resistance level and in a short time declined to the 40350 support level. Then BTC soon bounced from this level, which coincided with the buyer zone and rose back to the resistance level, but when it reached this level, the price turned around and little declined. After this, Bitcoin made an upward impulse higher than the resistance level with the seller zone, thereby exiting from the range too, but soon the price made a correction below the 44400 level. After correction, BTC repeated an upward impulse to 49000 points, and then it turned around and fell to the seller zone. Next, the price continued to decline in a downward channel, where BTC soon broke the 44400 level again and even later fell lower than the 40350 support level, reaching the support line of the channel. But recently, the price rebounded from this line and made impulse up, higher than this level and also the resistance line of the channel, thereby exiting from it. Now, the price trades near this line and I think that Bitcoin can back to the channel, making a fake breakout, and then fall to 38600, thereby breaking the support level one more time. Please share this idea with your friends and click Boost 🚀
HelenP. I British Pound will continue grow to resistance levelHi folks today I'm prepared for you British Pound analytics. A few moments ago price rebounded from the support level, which coincided with the support zone and rose to 1.2735 points, but then it turned around and made impulse down to 1.2500 points, thereby breaking the 1.2600 level. After this, the price in short time rose back to this level and also broke it, after which GBP made an impulse up to the resistance level, which coincided with the resistance zone. Then price bounced from this level and started to trades inside consolidation, where the price declined to the support level, after which turned around and made impulse up to the resistance zone, and even higher. But soon GBP fell back, making a fake breakout, and later rose again to a resistance level. After this movement, GBP rebounded down from the 1.2775 level to the support level and soon bounced back, but a not long time ago British Pound rebounded from the resistance level again and it trades below. For my mind, GBP will make a small movement down one more time and then continue to grow to the 1.2775 resistance level, which coincides with the top part of the consolidation. For this case, I set my target at this level. If you like my analytics you may support me with your like/comment ❤️
Arbitrum ($ARB) - Ranging for now, demand sitting belowThis idea is that ARB will see ranging price action with significant swings over the coming days weeks. Reclaiming the equilibrium would be major, but not sure if we get that just yet.
If the range is lost, I see this heading toward $1.30
Some serious gains to be made even if it ranges for a little while. Overall structure is strong and bullish for a longer term outlook however.
Cheers
Euro can break support line and continue fall to support levelHello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the EUR a few days ago rising inside the upward channel, where it even made a fake breakout, but after this price turned around and made an impulse up to the 1.0785 support level. After this, the Euro broke this level, thereby exiting from the channel and started to trades in the range, where the price rose to the top part, which coincided with the resistance level and at once rebounded down to the buyer zone. In this zone, the price declined to the support line and at once rebounded back to the range, making a fake breakout, after which EUR reached the 1.1010 resistance level. In a short time price broke this level, and rose to the resistance line, but then the Euro rebounded from this line and made a strong downward impulse to the support line, breaking the 1.1010 resistance level, which coincided with the seller zone, one more time. Recently, the price bounced from this line and tried to rise, but failed and now trades very close to this line. In my mind, the Euro can bounce from the support line and rise to the resistance line, after which it will make a downward impulse to the support level, breaking the support line. For this reason, I set my target at the 1.0785 level. Please share this idea with your friends and click Boost 🚀
Intel - Clear StructureHello Traders, welcome to today's analysis of Intel.
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Explanation of my video analysis:
In 2022 Intel broke a massive previous support level at the $45 area towards the downside. This break was followed by a drop of roughly -50%. With a perfect retest of a very long term structure level, this recent pump on Intel was quite anticipated. If Intel pulls back to the previous support level mentioned in the analysis, I am looking for potential long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
FILECOIN ($FIL) - Run it up to the highsFilecoin is developing a long setup if the criteria is met - that is hold the MS break level (keep bullish structure in tact) and reclaim the macro range eq (black dashed line EQ).
So long as it manages to do that, it will push the highs once more. At that point we monitor to see if it breaks out of the downward diagonal and pushed HTF Resistance or if another correction is due, but let's not get ahead of ourselves.
First thing is first, maintain our current low and begin to put in strength soon.
Otherwise I think we revisit Q1 level (lower range quadrant).
Watching this closely over the coming week.
Vatsik
$INJ Injective Protocol Consolidation before Continuation?I am closely eyeing Injective here within this macro range of consolidation.
- It is holding the downward diagonal
- It is respecting the range eq
- Demand below in green (which we may or may not re-visit)
- want to see the range eq either hold immediately or be reclaimed, will evaluate over coming day(s)
Criteria for me will be to hold/reclaim that eq and the ema.
Will update later.
Cheers
PYR Weekly Imbalance Retest : $10 are comingPYR, the crypto that patiently accumulated within a horizontal range, unleashed a rapid breakout, leaving behind a significant weekly imbalance. As we tread water in an ascending channel, the journey to surpass the upper bounds awaits a strategic retest, targeting the elusive $10 milestone.
Key Observations:
Extended Accumulation Period:
PYR underwent a prolonged phase of accumulation, consolidating its value within a horizontal range.
This accumulation laid the foundation for a potential explosive move.
Swift Breakout and Imbalance Creation:
The breakout from the accumulation range was swift, propelling PYR to new heights.
However, the breakout left behind a conspicuous weekly imbalance, signifying a significant pool of untraded volume.
Current Scenario and Anticipated Moves:
Ascending Channel Dynamics:
PYR is currently traversing within an ascending channel, marked by higher highs and higher lows.
The channel signals a bullish bias, but challenges lie ahead.
Struggling at the Channel's Upper Boundary:
Despite the bullish momentum, PYR has faced resistance at the upper boundary of the ascending channel.
The inability to breach this level suggests a need for a strategic move.
Anticipated Move - Retest Strategy:
Retest of Weekly Imbalance and Range High:
To fortify its ascent, PYR is expected to undergo a retest of the weekly imbalance left by the breakout.
This anticipated retest aligns with the range high, providing a confluence of support.
Critical Juncture at $10:
The strategic retest becomes a crucial juncture, determining PYR's ability to overcome historical resistance.
A successful retest could pave the way for a decisive move towards the $10 psychological level.
Strategies for Traders:
Observing Price Action at Key Levels:
Traders should closely monitor price action around the weekly imbalance and the range high during the retest.
A strong bounce from these levels could signal a renewed bullish momentum.
Setting Strategic Entry Points:
Consider setting entry points in alignment with the anticipated retest, ensuring positions are strategically placed to benefit from potential bullish moves.
Conclusion: PYR's Odyssey Continues
PYR's journey, from patient accumulation to a breakout with lingering imbalances, is a testament to the complex dynamics of crypto markets. As we stand at the threshold of a potential retest, traders brace themselves for a strategic move that could propel PYR towards the elusive $10 mark.
🚀 Ascending Channel Dynamics | 🔄 Imbalance Retest Strategy | 💼 Strategic Entry Points
💬 Share your insights on PYR's journey and your strategies for navigating this crucial phase! 🌐✨
Ripple can rise to resistance level and try to break itHello traders, I want share with you my opinion about Ripple. Looking at the chart, we can see how the price some days ago broke the 0.6900 resistance level, which coincided with the seller zone, and started to trades in the range. Inside range, XRP firstly declined to 0.5900 current resistance level, which coincided with the resistance area, after which it rebounded and made an upward impulse to the seller zone. But the price at once turned around and in a short time declined back to the 0.5900 level, making a fake breakout. Then Ripple bounced from this level and tried to rise, but failed and made a strong downward impulse to the support line, thereby exiting from range and breaking the 0.5900 level. After this, the price at once rebounded from the support line and rose to the resistance area, even rose higher than the resistance level, but recently XRP declined back, making a fake breakout. Now price trades near the support line and I think that Ripple can bounce from the support line and rise to the resistance level and try to break it. After the breakout, XRP will make a retest of this level and continue to move up. So, that's why I set my target at the 0.6300 level. Please share this idea with your friends and click Boost 🚀
Bitcoin can fall little more, then it turn around and start riseHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price some days ago started to trades in an upward channel, where it reached the 35800 support level, which coincided with the buyer zone and soon broke it. Price continued to rise in the channel and in a short time later rose until to 40500 current support level. Then BTC broke this level, thereby exiting from the channel and at once entering to range, where it soon rose to the top part, but later made a correction to the support area. After this, Bitcoin repeated this movement again and then made an upward impulse higher than the 44800 resistance level, which coincided with the seller zone, thereby exiting from the range. But the price at once made a strong correction movement below this level, after which BTC at the short time rose back and grew to 48900 points. And then, the price made a strong downward impulse again, and now the price trades below the resistance level. In my opinion, Bitcoin can decline a little more, like to the 41500 points, and then the price will rebound up to the seller zone, thereby breaking the resistance level. For this case, I set my target at the 45500 seller zone. Please share this idea with your friends and click Boost 🚀
$MOVR Swing Long to Range Highs and $36I've entered a lot that I am currently monitoring, I think we may get one more dip into green before pushing up.
Some key criteria:
- Price has reclaimed the range eq(s) and needs to continue to hold on a retest over the coming 24 hours
- Hold the ascending trendline and put in a higher low
- Lose the range eq(s) and I'll get stopped, then it's likely down to test the 100ema
I think this is gearing up for a big leg, just a matter of time imo.
With this price action I will continue to long it even if I get stopped because unless anything drastically changes, this wants to run.
My opinion,
Vatsik