AUDCHF: One More Trend-Following Setup 🇦🇺🇨🇭
Update for AUDCHF.
Earlier, we spotted a confirmed daily structure breakout on a daily.
The price formed multiple bullish confirmations on a 4h time frame then.
First, the price formed a bullish flag and violated its resistance.
After that, the price managed to violate a resistance line of a horizontal range.
Sentiment is very bullish on the pair.
We can anticipate a continuation at least to 0.5775
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Rectangle
9076 - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
5976 - 7 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
DXY at crucial pointHello Birdies,
DXY was in range since 2014 and in doing so create a bullish rectangle pattern.
Which had a breakout in April 2022 now we are about to have a retest of the pattern.
If this is a success and we get a bounce from here it means bearish for indices and crypto.
Now if we see it from smart money concept we see that.
There is a monthly and weekly block above untested
And DXY also created an Inducement which is a term used by ICT to mention that there is a FVG above which will be taken
Means price will revet back to take liquidity so this gives strength to retest
DOCKUSDT - 20 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
═════════════════════════════
⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
COMP bottoming formationCOMP has been ranging within the most meaningful portion of the range ($30-$60) for almost 2 years.
Now is testing the $60 level yet another time.
Looks like it has a real chance of breaking out this time around.
If it breaks out and flips $60 to support, there's quite some room for a run towards the $170 level.
Possible macro bottom for DCRDCR is one of the very few early coins that printed a macro higher high during their second cycle.
Clear monthly range and currently trading near range low.
A reclaim of $19-$20 on the weekly would look very promising.
Range low > mid range > range high.
BTC going parabolic is my only doubt though, because it could crash the entire market the moment it does a proper correction (both in price and time).
So my invalidation is a break of market structure on lower timeframes, not necessarily a break below monthly range low.
EURAUD: Consolidation & Complete Indecision 🇪🇺🇦🇺📊The EURAUD is currently trading in a narrow range on a 4-hour chart. There are two potential scenarios depending on which direction the breakout occurs.
In a bullish scenario, if the price breaks and closes above the resistance level of 1.6600 on the 4-hour chart, I expect a bullish movement with a target of at least 1.6675.
In a bearish scenario, if the market breaches the support level of 1.6465 and closes below it, a bearish movement is expected with a target of 1.6356.
As always, it is best to wait for a breakout to confirm the direction before making any trading decisions. So, be patient and wait for that confirmation.
MAV - 769% profit in 2024, buy nowMAV is starting a parabolic phase, as you can see on the chart. The price hit an all-time high on Binance, and the resistance turned into a support. The previous ATH must hold for the continuation of the uptrend (0.5824). Where to take profit? 1.97 is the first strong resistance because it's the highest traded price on Binance. But we should go much higher than that. 6.56 is the minimum profit target. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
About Maverick Protocol
Maverick Protocol is a DeFi infrastructure provider focused on increasing industry efficiency, powered by Maverick AMM. Maverick is backed by Founders Fund, Pantera Capital, Coinbase Ventures, Binance Labs, Circle Ventures, Gemini, etc.
Maverick’s eliminating inefficiency from DeFi by helping users put their liquidity where it can do the most work. It’s building in 3 phases:
Capital Efficiency: launched the first Dynamic Distribution AMM
Liquidity Incentivization Efficiency: launched lquidity shaping tool - Boosted Position
Voting Escrow: ve-Model and metaprotocol design
Expectations before full bull if BTC reached a top for nowBitcoin has experienced a remarkable rally this year, rising to the much desired zone of 35-48k. However, there is now a growing possibility of a reversal, with expectations of a bottom forming again sometime in 2025. Despite the prevailing optimism in the air, especially with the anticipation of ETFs and other developments, this outlook is indeed somewhat contrarian.
Despite what current sentiment suggests, a potential correction with a drop to at least 15-20k before another bullish run after 35-48k is fulfilled, matches my original expectations.
Intel - Potential Trading SetupHello Traders, welcome to today's analysis of Intel.
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Explanation of my video analysis:
In 2017 we had a major triangle breakout on Intel which was followed by a +70% rally. Then in 2022 Intel broke major support towards the downside and reversed perfectly at a major previous structure. Since Intel is now back to a bullish market, I am just waiting for a retest of the level mentioned in the analysis and then I will be looking for long continuation 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.
OP is one of the strongest coin, new all time high, buy now?OP looks absolutely strong. It hit a new all-time high recently, and the continuation of the rally is highly likely. The previous ATH from 2023 has been broken by the bulls, and now we are in the phase of price discovery. 500% profit is likely, but you can aim for more if you want. My profit target is the 1.618 FIB extension, which is always a strong resistance, especially in the crypto market. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
PERP is starting a new uptrend after 600 daysPERP is now very bullish because the price went outside of the consolidation structure made by whales. We can clearly see that the bullish base is broken by bulls, and we are definitely ready to go much higher. The first resistance is 3.61, and the second resistance is 26.2. Bullish volume is huge, so it is always nice to see. Coins are currently crashing while PERP is going up. What is your opinion?
Let me know what you think about it, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades.
BCH is going up regardless BTC. Another 100% profit.BCH is strong and is rising, while BTC is currently down. Why is that? If we take a look at the price action, we can see that it very much differs from the BTC price action in many ways. We have had a range that broke up, and the price is currently almost at the previous major swing high from June 2023. My Elliott Wave count suggests that we should see a huge pump soon. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
I am not a huge fan of BCH, but there are some facts. Why BCH? Bitcoin Cash was considered by some supporters to be the legitimate continuation of Satoshi Nakamoto’s vision of Bitcoin as a peer-to-peer electronic cash. All Bitcoin holders at the time of the fork (block 478,558) automatically became owners of Bitcoin Cash.
From a technical perspective, Bitcoin Cash is similar to the Bitcoin algorithm. Namely: both projects have a hard cap of 21 million coins and also use Proof-of-Work (PoW) consensus framework and nodes to verify transactions.
Unlike Bitcoin (BTC), Bitcoin Cash aims to scale to meet the demands of a global payment system. At the time of the split, the Bitcoin Cash block size was increased from 1MB to 8MB. An increased block size means Bitcoin Cash can now handle significantly more transactions per second (TPS) while keeping fees extremely low, solving the issues of payment delays and high fees experienced by some users on the Bitcoin BTC network.
As of 2023, Bitcoin Cash has a block size of 32MB, compared to Bitcoin’s block size of 1MB. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
🗺️Bitcoin Roadmap🗺️⏰(4-hour time frame)⏰🏃♂️After breaking the 🔴 Resistance zone($44,700-$41,780) 🔴, Bitcoin has reached the top of the Ascending Channel with the help of the Symmetrical Triangle Pattern .
🏃♂️Bitcoin is also currently moving near the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
🌊In terms of Elliott wave theory , Bitcoin seems to be. It has completed wave 3 at the top of the ascending channel and is completing wave 4 .
🔔I expect wave 4 to end near the broken 🔴 Resistance zone($44,700-$41,780) 🔴 and Bitcoin will start to rise again to the 🟡 Potential Reversal Zone(PRZ)($50,100-$47,000) 🟡.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Bitcoin Analyze ( BTCUSDT ), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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XAI - new coin and new ATH, best to trade itXAI is looking really good. We can see that this coin after the listing is going up, which is a strong sign of interest. The market cap rank is 190, so we have plenty of room to go to the upside. The best time to buy is right now because we hit an all-time high on major exchanges. Strong Elliott Wave combo: ABC + 12(345). Whales have been accumulating contracts on the intraday chart, and now they are sending this coin to new highs (price discovery). Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
XAI was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
HNT is starting a huge uptrend, time to buy?We can see that HNT Is starting something very big. The downtrend ended with a descending parallel channel, and now we are in a brand new uptrend. The WXYXZ Elliott Wave corrective pattern has been completed, and we have already started a new impulse wave. What about the volume indicator? We have an elevated bullish volume, which is very important and confirms my bullish bias.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Helium aims to improve the communication capabilities of wireless Internet of Things (IoT) devices. In 2013, infrastructure around IoT was still in its infancy, but developers wanted to add decentralization to their offering, hence referring to it as “The People’s Network” in official literature.
Its core appeal will be to device owners and those interested in the IoT space, with financial incentives providing further outreach possibilities.
Network participants purchase Hotspots — a combination of a wireless gateway and a miner — or build their own. Each hotspot provides network coverage over a certain radius, and also mines Helium’s native token, HNT.
The network runs on proof-of-coverage, a new consensus algorithm based on the HoneyBadger BFT protocol which allows nodes in a network to reach consensus when connection quality is highly variable.
In addition to HNT, users pay transaction fees in a separate token called Data Credits, which are not exchangeable and tied to individual users themselves. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
REQ can 10x in the next few weeks. Time to buy?REQ is something I want you to see. The consolidation by whales has been long, and it is time for a breakout. I want to give you some information about this coin before the pump, so you can buy it cheap. The WXY correction has been completed, so from the Elliott Wave perspective, this is a green flag. What about the volume indicator? Bullish volume is much higher, which is also good to see. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
The REQ token powers the Request Network open-source protocol via a few mechanisms: anti-spam; governance; staking; discounts; independency.
The Request (REQ) utility token, launched in 2017, ensures the performance and stability of the Request Network. The Request Network itself is an Ethereum-based decentralized payment system where anyone can request a payment and receive money through secure means. It removes the requirement for third parties in order to provide a cheaper, more secure payment solution that works with all global currencies.
When a user creates a request for payment, they define to which address the payment needs to be allocated and what the amount is. The user can also define the terms and conditions of the payment, upgrading a simple request into an invoice. Once this is completed, the user can share their request to be paid by their counterparty.
Every step is documented and stored on the Request network, allowing everyone involved to easily keep track of all the invoices and payments for accounting purposes.
Request is also integrated with legislation across the world to remain compliant with the trade laws of each individual country.
GOLD SHORT SELL IDEA.....
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ETH: Buy here for the long-termTechnical analysis
Ethereum is very bullish, the price went above the trading range, which is a strong sign of strength. We want to wait for a retest of the trading range, do not FOMO in. Make sure your entry price is good! We can see that the ABC correction has been completed and we have already started a new impulse wave. This is my quick update on ETH.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Fundamental analysis
What Makes Ethereum Unique?
Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.
Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.
In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB. Since the emergence of Play2Earn games, there has been a substantial increase in interest in the ETH to PHP price.
Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
When the price stagnates and then breaks a lateral trend...It's been a while since I published an analysis with a 1h timeframe. Well, the price of btc created a lateral trend (from 30 sessions upwards), establishing two levels in which it moved for a week, then the breaking of one of the levels brought a resumption of the rise and an increase in directionality associated with volatility, with a break visible to all. In this case the upper level being the rectangle is a purely continuation figure, it acted as a cap for a while, now a scenario where the price goes to test the resistance area between 46k and 49k usd, becomes more likely the one to follow before determining whether the correction is finished. It has already given a sign of this by making a high breaking this lateral trend, because it also exceeded the previous movement which lasted 12 days in terms of time.