SSVUSDT Nears Channel Breakout: Bullish Move Ahead!SSVUSDT Technical analysis update
SSVUSDT has been trading within a channel for the past 115 days. The price is now moving toward the channel's resistance, signaling a potential breakout. Currently, the price is trading above the 100 EMA on the daily chart, with high volume observed in recent days. Once the channel breakout is confirmed, a strong bullish move can be expected in SSV.
Ssvusdt
SSV target 354h time frame
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Entry: $21
TP: $35.37
SL: $16.6
RR: 3.27
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(1) Slowly climbing with the uptrend
(2) Got support twice at fib projection 0.382, also made a SL hunting ($19.82)
(3) Target for fib projection is $35.37, overlap with structural resistance
(4) Stop loss once going below $16.6
SSV looks bullish (4H)It looks like we had a big ABC (zigzag) now that wave C which had 5 waves is over.
SSV can move towards the specified targets on the chart while maintaining the green range.
Closing a daily candle below the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SSV target 26.54h time frame
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Entry: $19.05
TP: $26.5
SL: $16.6
RR: 3.04
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(1) Potential double bottom, expected time to reach $19.05 is Sep/E
(2) Maintain uptrend since $16.71
(3) Supports are overlapped from uptrend line and Fib retracement 0.382
(4) Need to break out the long-term downtrend since $66
(5) Stop loss once going below $16.6
SSVUSDT Corrective Wave 4 CompletedOn the daily timeframe SSV is showing that the corrective wave 4 is likely to be completely. The price has found strong support at 88.6% Fibonacci level, which has been respected multiple times.
Overall, I'd expect at least 1 more wave to the upside, completing the 5-Wave upside move. If/when our upside target will be reached, a 107% profit will be fixed!
Not to mention a superb 1:12 risk/reward setup.
Hope you enjoy it!
Drop and breakout scenarioThe overall trend is ranging with significant fluctuations. There is a descending trendline that buyers are trying hard to break out of.
The scenario involves a potential drop to gain more strength and then move towards breaking the trendline. If it breaks and completes a pullback, it could see significant upward movement. Keep an eye on it.
SSV looks bearishFrom where we placed the red arrow on the chart, it looks like the bullish SSV wave has ended and is now entering a correction phase.
The correction pattern looks like a diametric as we are now in the middle of wave E.
We will look for sell/short positions in the red box.
The targets are marked on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SSV target 69 in perp4h time frame
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SSV is retesting the robust uptrend line with a precipitous drop from $55. Usually need more consolidation or accumulation to reverse after a quick dip like this. However, SSV has been increasing on this upward slope since $11, that makes this uptrend pivotal, so the timing is an entry for left-hand side traders to gain perfect risk to reward ratio. Moreover, next entry will be around $25~$28 once current plan got liquidated, and you can have more detail about 1st amd 2nd entry on chart from my previous analysis of SSV spot.
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TP: $69
SL: $32
SSV ANALYSIS (12H)SSV seems to have formed a large and bullish symmetrical which is now in wave i of this symmetrical.
By maintaining the green range, it can move towards the two specified targets.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Alikze »» SSV | Corrective wave 4 scenarioIn the daily and weekly time, it has been moving in a medium-term ascending channel, which has encountered a corrective structure after meeting the daily resistance.
💎 According to the type of correction behavior and structure that can be seen in the daily chart, a three-wave correction has been done up to the specified area.
💎 In the first scenario, according to the correction structure, we should probably witness another correction wave, which can be flat until the green box area or until 61.8 fibo of this continuous correction.
💎 The second scenario: But if this modification touches the neck line or the Invalidation LVL area, the second scenario can replace it.
If the behavior and structure of the post changes, it will be updated.
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SSV/USDT its possible back testing before break the pattern!💎 Paradisers, the recent market dynamics surrounding #SSV have been noteworthy.
💎Currently, SSV is grappling with the descending resistance area, awaiting a daily candle close above this pattern to confirm a successful breakout. However, if SSV fails to achieve this, there's potential for a retest of the support zone between $41 and $38.
💎 In the support area, there's a possibility of price bouncing and attempting another breakout above the descending resistance.
💎 Adding to the bullish sentiment, the MACD indicator has displayed a golden cross, signaling a potential bullish reversal. If this momentum persists, SSV could break out of the pattern and continue its upward trajectory toward our target resistance area.
💎 Conversely, if SSV fails to bounce off the support area and instead breaks below it, there's a chance of revisiting the demand area around $28 to establish new momentum. Historically, SSV has shown resilience by bouncing from this zone.
💎 The bullish scenario would be invalidated if SSV fails to bounce from the demand area and closes a candle below it. In such a scenario, the price could confirm a continuation of bearish movement, possibly leading to further downward movement.
MyCryptoParadise
iFeel the success🌴
SSV target $2504h time frame
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SSV has been going on an uptrend since Oct 23', this climbing way is very healthy, accompanying with high volume as every pump. Also, SSV made a stop hunting to liquidate leverage on bull side. However, SSV did create a top structure after hitting $63.85, and there is a target at $24 if SSV continues to correct based on the Fibonacci projection. $24 is definitely a sweet level to buy because not only hit 200% fib, but also go into the first support zone. I also provide the 2nd sweet zone to accumulate more spot if SSV keeps correction. When it comes to bull target, we need to know that SSV is the potential leader in DVT sector, which could push its mc up to 20 billion or even higher, so I predict SSV would reach $250 at least in bull market.
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Bull target: $250~$280
SSV/USDT Anticipating Bullish Surge from Support?👀SSV Analysis💎 Paradisers, direct your attention to #SSVUSDT, which is currently showing signs of gearing up for a significant bullish move from its support zone.
💎 Our observations of #SSVNETWORK reveal a pattern of recovery after facing rejection at a strong resistance level. The formation of an ascending channel further bolsters the bullish outlook. Should the price maintain its momentum at the support level of $28.55, we anticipate an upward journey, aiming to challenge and potentially surpass the resistance at $40.87.
💎 However, as astute traders, we're always considering alternative possibilities. In the event the primary scenario doesn't materialize, we're prepared for a bullish rebound from a lower support level at $20.99. Be aware that failing to hold this level could result in a downward movement
SSV LOOKS BULLISHA symmetric pattern has started from where we entered "Start" on the chart.
Wave F is expected to be over and we have entered a bullish wave G.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
SSV/USDT Could SSV breakout the key area ?? Or Rejected 💎 SSV has recently exhibited significant market dynamics, showing upward movement toward the Bearish OB and supply area following a successful bounce from the demand zone.
💎 If SSV manages to break out above the supply area, it could pave the way for an easier movement towards our target area.
💎 However, if SSV fails to break above the supply area, there's a possibility of it being rejected, leading to a downward movement towards the demand zone or the support trendline area to establish new momentum.
💎 The situation would worsen if SSV breaks below the demand zone or the support trendline area, as it would signal a breakdown of the bullish trend. This could trigger further downward movement, potentially extending the price decline.
SSV has broken above the Bullish channelSSV has broken above the Bullish channel. After the pullback it will continue to go up.
🔵Entry Zone 33.52 - 34.87
🔴SL 30.48
🟢TP1 37.06
🟢TP2 40.69
🟢TP3 44.23
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SSVUSDT 200% in 2 monthsObserving the market over a two-year span reveals a compelling metamorphosis from supply to demand zones, reflecting a captivating evolution in SSVUSDT dynamics. The consistent respect for the demand zone serves as a testament to the robustness of the trend, showcasing an overall acceleration in the SSVUSDT uptrend.
Anticipating the future trajectory, my outlook is bullish, envisioning a robust 200% rally for SSV over the next two months. This upward surge is projected to propel the price toward a significant double Fibonacci resistance, marking a potential culmination of this impressive upward momentum.
SSV/USDT Could SSV Bounce from the support?? Keep an eye !!💎 SSV's market activities have been particularly compelling lately. Just a week ago, SSV managed to break through a significant resistance level, and its current position hovers at what used to be resistance, now serving as support.
💎 This development is part of a retesting phase following the breakout. If this retesting leads to a rebound from the support level, SSV could be poised for further upward momentum, possibly retesting higher resistance levels.
💎 However, if SSV fails to hold this newfound support, it might signal a false breakout. This scenario could lead to a reversal in its trajectory, driving the price back down towards a critical demand area to gather new bullish momentum.
💎 In the event of this downturn, SSV would likely be perceived as having reverted to a bearish trend due to the false breakout. To reestablish a bullish outlook, SSV would need to not only recover but also consolidate above the previously breached resistance level.
💎 This recovery is essential for SSV to resume its upward journey and achieve targeted goals. Conversely, if SSV fails to hold the demand level, it could lead to further declines, potentially propelling the asset towards even lower price points.
SSV/USDT Break key level area. False or Valid ??💎 SSV has been drawing considerable attention in the market, recently achieving a breakthrough past a key resistance area. It's now undergoing a retesting phase at what was previously a resistance zone, now turned support.
💎 This retesting phase could be pivotal for SSV, as a successful completion may lead to significant upward movement, with the next milestone probability being our target in the Bearish OB area.
💎 During this crucial retesting phase, it's important for SSV to show a robust bounce from the demand area to mitigate the risk of a false breakout. If SSV fails to rebound and closes below the demand level, it could indicate a false breakout. In such a scenario, there's a likelihood of SSV reverting to a downward trend, potentially moving towards a lower demand area, or even further down back to the bullish OB area.
SSV/USDT Bullish Movement from Key Support?🚀SSV Analysis💎 Paradisers, let's focus on #SSVUSDT as it’s currently gearing up for a promising move. Poised at a critical support level, it is showing signs of a potential bullish breakout.
💎 Observing #ssv.network recent pattern, we note its adherence to a descending trendline. Currently, there’s a strong expectation for a bullish continuation from the support level at $20.75. If TSXV:SSV can maintain its momentum above this level, there's a high chance it will break through the trendline and ascend towards the major resistance at $35.05.
💎 However, as seasoned traders, we must always be prepared for alternative scenarios. If #SSV struggles to hold above the $20.75 support, we need to be ready for a different course of action. This could mean bracing for a bullish recovery from a slightly lower support level at $19.15. Yet, it's important to be cautious: a breach below this level could potentially lead to a more pronounced bearish trend. 🌴💰