BTC - Will this retest hold ? BINANCE:BTCUSDT (4H CHART) Technical Analysis Update
BTC is currently trading at $63394 and price has retested after breaking out from the channel.
If this retest holds then we can expect the price to continue in bullish direction. We are confident the price will hold and bounce back successfully after the retest and this gives us a good opportunity for a long trade.
Entry level: $ 62600-66400
Stop Loss Level: $ 60900
TakeProfit 1: $ 65500
TakeProfit 2: $67700
TakeProfit 3: $69700
TakeProfit 4: $72800
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
Retest
Possible BTC Breakout! Eyeing $70k!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards $70k. The 50MA is also acting as a potential support level.
Here's what could invalidate this bullish scenario: A daily candle close below $61.5k.
What do you think about this potential price movement? Share your thoughts in the comments below!
TNSR ANALYSIS🚀#TNSR Analysis : What Next ??💲💲
✅As we can see that there was a formation of Descending Triangle Pattern in #TNSR and given a breakout and perfectly retest the support zone. We are expecting around more than 100% bullish move in coming weeks 📈📈
🔰Current Price: $0.8588
🎯 Target Price: $1.8360
⚡️What to do ?
👀Keep an eye on #TNSR price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#TNSR #Cryptocurrency #TechnicalAnalysis #DYOR
NZDJPY Trend Reversal OpportunityOn the 1-hourly chart, it looks like a regular shorting opportunity with Key Resistance Level retested at the almost perfect, but potential BOJ Intervention zone, so for traders of all kind to ''try their luck!!''
However, on the Grand Scale of things, and it is a Type2 Bearish Shark Pattern on the Daily Chart.
After I'd include the buffer, I the market hit Price Action Level at 94.00, hence, I'd to push my SL 10pips away, but making it 94.10.
Let see how the market moves before the New York Session ''opens''
Update on BTC Inv head and shoulders pattern.As one can see here looking at this chart, the dotted light magenta colored measured move line is more or less being overlapped by the daily 20ma(thin teal line) for double reinforced support and at the current moment the 20ma is maintaining support for now. It wouldn’t surprise me if price eventually wicked below it to retest the inv h&s neckline as support since it never did on the initial breakout above the neckline, but its also fairly probably that the 20ma or dotted measured move line can hold support. We will find out most likely before mid june if there will be any deeper correction before resuming the uptrend *not financial advice*
ENA/USDT TRADE SETUP! READY FOR ATH!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to this ENA/USDT Trade setup!
According to the chart, it breaks out from the triangle and a retest is also done. The green area is good for accumulation. Buy some here and add more in the dip.
Entry range:- $0.76-$0.84
Target:- $0.94/$1.10/$1.26/$1.4
Share your views in the comment section.
Thank You!
For now SOLUSD is retesting invh&s neckline as precise supportA good sign that the bottom could potentially be in. Of course there’s always the possibility of some sort of unexpected bald swan to dump the market much further, but even then that could be such a temporary occurrence that by the time the weekly candle closed it still closed the candle body above this neckline. At the bare minimum I get the vibe that at least the monthly candle body can maintain this neckline as support, but we will find out soon enough. *not financial advice*
EURAUDEURAUD was trading under declining trendline. The price was reacting well the support and resistance of trendline .
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.6500
What you guys think of this idea?
OP ANALYSIS🚀#OP Analysis : Breakout and Retest
🔮As we can see in the chart of #OP that there is a perfect breakout of trendline and retesting the trendline in 4he time frame. This indicates a potential bullish move.📈📈
🔰Current Price: $2.438
🎯 Target Price: $4.793
⚡️What to do ?
👀Keep an eye on #OP price action. We can trade according to the chart and make some profits⚡️⚡️
#OP #Cryptocurrency #TechnicalAnalysis #DYOR
OPUSDTOPUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 4
What you guys think of this idea?
SHIB ANALYSIS🔮 #SHIB Analysis 🚀🚀
💲💲 There is a breakout of falling wedge patten and trying to retest the levels. It's a 12hr time frame breakout and we can see $0.00003519 and more level in few days.
💸Current Price -- $0.00002590
📈Target Price -- $0.00003519
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#SHIB #Cryptocurrency #Breakout #DYOR
ENA/USDT TRADE SETUP! READY FOR A 100% PUMP!!Hello everyone, the Bitcoin halving is done, and it looks like the pre-halving bottom is also in place. Bitcoin dominance is rejecting its crucial resistance, so it's a good time to invest in alts. I'll try to share some good setups here in the next few days.
Here is the first setup of ENA/USDT. The chart looks good, forming a descending triangle. The breakout has occurred, and currently, it is retesting. Buy some here and add more on the dip.
Entry range: $1-$1.1 Target 1: $1.2 Target 2: $1.36 Target 3: $1.52 Target: $2.0
Stop Loss: $0.92
Use low leverage (2x-4x).
If you like this idea, please support it with a like and comment. Also, don't forget to press the follow button for more trade setups.
Thank you!
USD-CHF Bullish Continuation Expected! Buy!
Hello, Traders!
USD-CHF is trading in an
Uptrend and the pair broke
The key horizontal level
Of 0.9100 and went further up
Then made a retest of the
New support level and is
Already going back up again
So we are bullish biased
And we will be expecting
A strong bullish continuation
Buy!
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EUR-GBP Local Short! Sell!
Hello,Traders!
EUR-GBP made a rebound
From the demand levels
Below around 0.8531
Just as I predicted but
Is now retesting the broken
Support line of the inclined
H&S pattern that broke to
The downside and this broken
Support line is now a rising
Resistance so I will be
Expecting the pair to make
A local bearish pullback
Sell!
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Check out other forecasts below too!
NEAR ANALYSIS🔴 #NEAR Analysis : ❓❓
🔮There is a formation of "Bullish Pennant Pattern" in #NEAR in 4hr time frame. We can expect around 25% bullish move if the price closes above the 7.400📈📈
🔰 Current Price: $7.087
🎯 Target Price: $9.034
⚡️What to do ?
👀Keep an eye on #NEAR price action. We can trade according to the chart and make some profits. ⚡️⚡️
#NEAR #Cryptocurrency #Breakout #DYOR