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ALGO's wave 5 could gain some significant ground here soon!ALGO has been doing very well the past month or so, and is looking to do even better here shortly. The current wave 5 is generally the most explosive, and largest gaining. Although, the price action looks like it could potentially drop closer to the lower trend line (white line). This line has held very well so far since this uptrend started, and the wave pattern will continue to stand as long as the price action doesn't drop below the wave one high. If the wave 5 plays out properly we could easily see ALGO run into the mid .40's. Good luck, and always use a stop-loss!
BINANCE:ALGOUSDLong
by MetaShackle
Ethereum: Bullish Reversal Confirmed !!!Ethereum (ETH) has been in a downtrend since November 2021. The price has been respecting the descending trendline and making lower highs and lower lows. However, the price recently broke out above the trendline and formed a three drives pattern. The descending trendline: The descending trendline is a bearish pattern that is characterized by two converging trendlines, one connecting lower highs and the other connecting higher lows. The price typically breaks down below the lower trendline, signaling a continuation of the downtrend. The three drives pattern: The three drives pattern is a bullish reversal pattern that is characterized by three consecutive rallies, with each rally being higher than the previous one. The pattern is confirmed when the price breaks out above the resistance level. The breakout: The price broke out above the descending trendline on March 14, 2023. This breakout was confirmed by the three drives pattern. The retest: The price has since retested the broken trendline and held. This retest confirms the bullish reversal and suggests that the price is likely to continue to rise in the near future. Bullish targets: The first bullish target is the $3,500 level, which is the top of the descending trendline. Further upside could see the price reach $4,000 or even higher. Conclusion: The Ethereum chart shows a bullish pattern. The price has broken out of a descending trendline and formed a three drives pattern. This suggests that the price is likely to continue to rise in the near future. Investors should always do their own research before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis Description --------------------------------------------------------------- + RUNE has unmistakably breached the resistance and is currently consolidating within a defined range. + The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend. + With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.05 Stop Loss: 6.75 ------------------------------ Target 1: 10.5 Target 2: 13.6 Target 3: 16.5 Target 4: 19.6 Target 5: 25.5 Target 6: 31.0 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
GBPJPY SHORT IDEAAfter a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a successful retest of the demand zone which now we can consider as a supply one. It is not a good idea directly to enter in the short position because we do not have a confirmation if the zone is becoming supply.
Short
by kidagaka123
1
Btc is Channling on Fib Line Last chance to get 50k btcAfter an incredibly Impressive 25% Run btc is channeling on the Fib Line .786 It looks to have made a tripple bottom on the .78 as well on the 4 hour time frame. It Looks Like We've Had Our Drop and we're starting to continue back rushing to that all time high as there isn't enough selling volume to really convince me that it's going to keep pushing down any further. This is the last Chance to get a 50k BTC! Also Bitcoin Came up on our Breakout Finder Thursday Tracking Technicals Breakout Finder, 📈 *Symbol*: `BTC/GBP` ✅ *Qualification*: All MAs within 1% of MA7. 💰 *Market Cap*: `$1,007,232,196,139.76` Tracking Technicals Breakout Finder, 📈 *Symbol*: `BTC/TUSD` ✅ *Qualification*: All MAs within 1% of MA7. 💰 *Market Cap*: `$1,007,232,196,139.76` Tracking Technicals Breakout Finder, 📈 *Symbol*: `BTC/USDC` ✅ *Qualification*: All MAs within 1% of MA7. 💰 *Market Cap*: `$1,007,232,196,139.76` Tracking Technicals Breakout Finder, 📈 *Symbol*: `BTC/USDT` ✅ *Qualification*: All MAs within 1% of MA7. 💰 *Market Cap*: `$1,007,232,196,139.76`
Long
by Tracking_Technicals
2
VET ANALYSIS (BREAKOUT)🔮 #VET Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Symmetrical Triangle Pattern in #VET and trying to retests the level. It's a 4D time frame breakout and we will see more higher price in long-term. If the price perfectly retest the major resistance area then there will be a confirmation of bullish movement in #VET 📈📈 💸Current Price -- $0.04550 📈Target Price -- $0.08494 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #VET #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
3
AI ANALYSIS🔮 #AI Analysis 💰💰 🌟🚀 #AI was trading in a same range in 6hr time frame and gave a perfect breakout. Also the price retests it's important support zone perfectly. We are expecting around 40-45% gain in few days.📈 🔖Current Price --- $1.80814 🎯Target Price -----$2.55877 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AI. 🚀💸 🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments. #AI  #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
DYDX - Ascending Channel PumpDYDX, observed on the weekly timeframe, is currently trading within an ascending channel. The price action reflects a consistent pattern of liquidity absorption, oscillating between the upper and lower bounds of the channel. This liquidity-driven movement suggests a recurring behavior of price navigating from one liquidity level to another. The anticipation is a potential retest of the lower channel boundary, particularly around the $1.9 level, before a breakout above the upper channel boundary. 🔄 Ascending Channel and Liquidity Movement: DYDX's price movement is structured within an ascending channel, highlighting a series of higher highs and higher lows. The intriguing aspect is the consistent absorption of liquidity, indicating a cyclical movement from one liquidity level to another. 📊 Liquidity Retest and Breakout Scenario: The analysis suggests a potential scenario where DYDX may undergo a retest of the lower channel boundary, particularly around the $1.9 level. Such a retest could serve as a liquidity absorption phase before a potential breakout above the upper channel boundary. 🚀 Key Levels to Watch: Upper Channel Boundary: The upper channel boundary serves as a key level for a potential breakout. A decisive move above this level could signal a bullish continuation. $1.9 Support Level: The $1.9 level is identified as the potential retest point for the lower channel boundary. Traders should monitor price action around this level for confirmation. 💡 Trading Strategy: Traders observing DYDX may consider a strategic approach involving the potential retest of the lower channel boundary around $1.9. Confirmation of support at this level, followed by a breakout above the upper channel boundary, could present favorable conditions for bullish positions. Risk management strategies, including the use of stop-loss orders, are essential. 🔮 Future Outlook: The technical analysis indicates the possibility of DYDX retesting the lower channel boundary around $1.9 before a potential breakout above the upper channel boundary. Traders should remain attentive to key levels and adapt their strategies based on real-time market dynamics. The cryptocurrency market's dynamic nature emphasizes the importance of flexibility and risk management in trading decisions.
by AlexWhale