AMB (AirDAO) - Expect huge bounce back from the supportCRYPTO:AMBUSD (1W CHART) Technical Analysis Update
AMB is currently trading at $0.00810881 and showing overall bullish sentiment
Price has hit support multiple times and always bounce backend from the support zone, this support zone has never broken in the last couple of years. Fundamentally AMB is strong token with huge potential for growth.
Entry level: $ 0.00818628
Stop Loss Level: $ 0.00424781
TakeProfit 1: $ 0.01232100
TakeProfit 2: $ 0.01819480
TakeProfit 3: $ 0.03440407
TakeProfit 4: $ 0.09336532
TakeProfit 5: $ 0.17993132
TakeProfit 6: $ 0.36364228
TakeProfit 7: $ 0.88043750
Max Leverage: Spot or 2x
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
Support
Gold prices enter a recovery period and the plunge is overOANDA:XAUUSD Against the backdrop of concerns about economic recession, global assets are experiencing a sell-off.
But as a safe-haven asset, shouldn't gold rise? Instead, it followed the sharp drop of $100.
This situation is very abnormal, so I don't think gold will continue to fall. Once investors calm down and look back, gold will soon highlight its safe-haven characteristics.
The market now believes that the probability of the Federal Reserve cutting interest rates by 50 basis points in September is 90%, and the US dollar index is also falling, and the probability of gold prices continuing to fall is shrinking.
And the Middle East geopolitical crisis has not yet passed, and you don't know when it will break out again, leading to rising risk aversion.
Under the above multiple premises, we should not be overly bearish on gold
Technically speaking, 2420 is a watershed, which has already highlighted its importance in the previous trends that have served as resistance and support many times. Once it breaks through, it will open up room for growth.
On the contrary, gold will maintain a low-level oscillation pattern, because such actions will be carried out after a big drop or a big rise. The main support area below is 2380-2365. Be prepared to sell if it falls below.
★Welcome to share your views and questions below, let's discuss TVC:GOLD 's latest ideas
ETH-USDT 12HInterval Chart ReviewHello everyone, let's take a look at the ETH to USDT chart on a 12-hour time frame. How can we see how the downtrend channel has been defined for us, in which we are at the lower border.
Let's start by determining the support line and here you can see how the support at $2,823 has been broken and we are currently approaching the strong support at $2,626, while when we start going further, the next support is around $2,392.
Looking the other way, there is resistance at $2,922, and then the price will again have to face the resistance zone from $3,098 to $3,225.
GOLD - Reversal or further correction ?#GOLD #Analysis
Description
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+ GOLD price has reached the current support zone which acted as resistance in the past.
+ We can expect a slight bounce from the current support zone however it doesn't look promising.
+ If the bounce continues we then there is a slight chance of hitting 2470 price.
+ Mostly likely the support will not hold and price can expected to be corrected further with the major support around 2350
+ Minor support is around 2392 which can act as a temporary support for before bouncing back from it.
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Enhance, Trade, Grow
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VectorAlgo
BNB - Potential rebound expected after correction#BNB/USDT #Analysis
Description
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+ BNB currently trading around 510 with the next target around 455 range support.
+ If the support holds then we can expect to bounce back from the 455 zone, with the next resistance is around 575
+ Wait for the correction before entering, you can put a limit order around 460
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VectorAlgo Trade Details
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Entry Price: 460-500
Stop Loss: 410
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Target 1: 550
Target 2: 595
Target 3: 670
Target 4: 750
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Timeframe:3D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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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
8.3.2024 Oil Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
8.3.2024 Platinum Weekend Pre Market AnalysisIt's the weekend. I like to go out to my larger charts and clean off the entire chart and start analyzing the instrument for next weeks trading.
We know that price is going to move up or down from where it currently is located, so we just need to make up a game plan to trade it..
Looking out at the 4 hour, 1 hour, and 15 minute charts for our trend and target analysis. Then dialing it down to the 3 minute or 15 minute to look for an entry!
ETH Weekly Chart: Accumulation Zone and Potential Breakout Setup#ETH/USDT #Analysis
Description
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+ Ethereum (ETH) has been consolidating in an accumulation zone between $2,900 and $3,500 after a significant rally. This zone is crucial as it represents a battle between bulls and bears, with accumulation possibly leading to a strong upward breakout.
+ The chart shows strong support at the $2,900 level, which aligns with the 21-Week EMA ($3,219). This area has been tested multiple times, reinforcing its importance as a potential launching point for the next move higher.
+ The price is currently sitting just below the 21 EMA, while the 55 EMA ($2,792) provides additional support below. The confluence of these EMAs suggests that the trend is still bullish, but a clear breakout above the accumulation zone is needed for confirmation.
+ The RSI is hovering around the neutral 50 level, indicating a lack of clear momentum, but it’s still holding above key levels that could indicate strength if it turns upward. The MACD is slightly bearish but not showing strong negative momentum, suggesting the potential for a reversal if buying pressure increases.
+ A breakout above the $3,500 resistance could trigger a strong rally, with the next major resistance levels around $5,000 and $8,000. This breakout would likely be confirmed by a bullish crossover in the MACD and an RSI move above 60.
+ If ETH breaks below the $2,900 support level, we could see a retest of the 55 EMA at $2,792 or even a deeper correction to the trendline support near $2,500. A bearish MACD crossover and a drop in RSI below 40 would confirm this scenario.
Key Levels to Watch:
Support: $2,900, 21 EMA ($3,219), 55 EMA ($2,792)
Resistance: $3,500, $5,000, $8,000
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
ETHUSDT: A Golden Opportunity?Hey everyone!
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Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone.
It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH.
This setup presents a compelling risk-reward opportunity for ETH buying.
Entry range: $2750-$2900
Targets: $3800, $5700, $7300, $10,000
Stop-loss: 2-day close below $2500
What are your thoughts on ETH's current price action? Share your analysis in the comments!
ETH-USDT 12HHello everyone, let's take a look at the ETH to USDT chart on the 12h time frame. As you can see, the price broke out of the falling triangle, which resulted in a strong downward price movement.
Let's start by determining the support line, but here you can see how we are first in the support zone, but if we fall lower, the next support is at $2,823 and then we have strong support at $2,626.
Looking the other way, we have visible resistance at $3,146, then strong resistance at $3,263, and then the price must overcome the strong resistance zone from $3,441 to $3,566.
BTC Weekly Chart: 21 EMA Acting as Key Support – Will It Hold?#BTC/USDT #Analysis
Description
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+ The Bitcoin price has been in a downtrend for the past few months, and it is currently testing the 21 EMA as support. If this level holds, it could be a sign that the price is finding a bottom and is ready to start an uptrend. However, if the 21 EMA breaks, it could signal further downside potential.
+ The chart shows that Bitcoin is currently testing the 21-Week Exponential Moving Average (EMA) as support. Historically, this EMA has acted as a strong support level during bull markets.
+ The Relative Strength Index (RSI) is hovering around the neutral zone, indicating indecision in the market. A drop below 50 could suggest weakening momentum, while a move above 60 would be bullish.
+ If BTC holds the 21 EMA and manages to break above the $70,000 resistance, we could see a continuation of the bull trend
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Enhance, Trade, Grow
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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
BTCUSDT: Still Above Resistance - Potential Continuation ?---------------------------------------------------------------
Description
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The Bitcoin/TetherUS pair has displayed a strong bullish momentum since recovering from the 2022 crash. The price is currently trading above a crucial resistance level, suggesting potential for further upside. However, the recent price action has shown signs of consolidation, indicating a potential period of indecision before the next significant move.
- The overall trend since the 2022 low has been bullish
- The horizontal resistance level has acted as a significant barrier in the past. A sustained break above this level could signal a continuation of the uptrend.
- The recent price action suggests a potential period of consolidation before the next directional move.
- The RSI (Relative Strength Index) at the bottom of the chart is reading 64.52, suggesting moderate bullish momentum without being extremely overbought.
- We can see a series of higher lows and higher highs, indicating a bullish market structure.
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Best Regards,
VectorAlgo
MKR-USDT 4HHello everyone, I invite you to a quick review of MKR in pair with USDT on the 4H time frame. Let's start by discussing the movement, because we can see the upward exit from the local downtrend channel, which resulted in maintaining the upward trend line.
Currently, you can see that the price is approaching a significant resistance level of $2,986, when it breaks above it, the next resistance is at $3,256, and then a very strong resistance at $3,446.
However, if the current resistance rejects the price, we can see strong support at $2,688, further support at $2,419, and very strong support at $2,229.
Bounce to HL possibly?holding the recent low is key. Back above and hold the high of today will move me toward Tgt 1 & 2. Tgt 3... maybe. Looking for double top.... doesn't have to happen, but that's what I'm looking for.
below 537, 531 possible target.
Let's see what Aug is made of. PCE 7/26, EOM 7/31
NOT/USDT: 30% PROFIT POTENTIAL QUICK SCALP SETUP!!Hey everyone!
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NOT looks good here for a long. Forming an ascending channel-like structure and bouncing from support here. Long some here with tight stop loss.
Targets:- $0.0143/$0.0154/$0.0168
SL:- $0.0125
Lev:- 5x-10x
BANK NIFTY INTRADAY LEVELS FOR 29TH JULY 2024BUY ABOVE - 51500
SL - 51270
TARGETS - 51750,52000,52200
SELL BELOW - 51270
SL - 51500
TARGETS - 51120,50940,50780
NO TRADE ZONE - 51270 to 51500
Previous Day High - 51400
Previous Day Low - 50400
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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MKR - USDT 12h IntervalHello everyone, let's take a look at the MKR to USDT chart on a 12h time frame. We can see here how the price has moved upwards from the downtrend line, maintaining the trend of the uptrend line, while currently we can see a movement in the local downtrend channel.
After unfolding the fib retracement grid, you can see that the price is at the support level of $2,557, then it is visible at the support level of $2,269, and then there is strong support around the price of $1,781.
Looking the other way, there is resistance at $2,793, the next one is at $3,278, and then there is a very strong resistance at $4,085.