CHAINLINK AT MAJOR SUPPORTWe have came down to a massive support level and I expect to see a reaction at this level leading to a bounce higher.
Lets see how this all plays out.
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Support
BONK IS AT SUPPORTBONK is trading at the major support level. If we can keep trading above this level, there's a big chance we can have a nice move to the upside.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
SOL ( Solana ) - Time to Invest NowBINANCE:SOLUSDT (1W CHART) Technical Analysis Update
SOL is currently trading at $133 and recently had around 35% crash and currently trading around the support zone, if the price correction continues then we can expect the price to reach 110$ and in the worst case it can fall to 78$ range. We will keep our StopLoss below 78$
Entry level: $ 132
Stop Loss Level: $70
TakeProfit 1: $ 154.85
TakeProfit 2: $ 200.26
TakeProfit 3: $ 268.70
TakeProfit 4: $ 393.75
TakeProfit 5: $ 603.01
TakeProfit 6: $ 800.77
TakeProfit 7: $1000 <-- Peak of the bull run
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
GBPUSD Sideways Consolidation with Potential Upside BreakoutTimeframe : Weekly and 4-Hourly Charts
Predicted Move : Potential Upside Breakout
Analysis :
On the weekly chart, GBPUSD is currently in a sideways consolidation phase. Although the pair is near the top of this range, there seems to be a tendency for the market to break towards the upside. This observation is based on my 18 years of trading experience and intuition.
Key Points :
- Sideways Consolidation : GBPUSD is trading within a defined range on the weekly chart.
- Near Top of Range : Price is approaching the upper boundary of the consolidation.
- Potential Upside Breakout : Market tendencies suggest a possible break to the upside.
- Trading Experience : This analysis is supported by my 18 years of trading experience and gut feeling.
Strategy:
- Retest and Buying Opportunity : If you share my perspective, I'm looking for a retest within the buy zone on the 4-hourly chart at 1.2666 for a buying opportunity.
- Understanding the Buy Zone : It may seem like the buy zone has been broken, but with professional chart reading, it's evident it hasn't.
Note: This analysis is based on my personal trading experience and should not be followed blindly. Always conduct your own research and analysis before making any trading decisions.
Stay cautious and trade wisely!
EURUSD Sideways Consolidation with Key Levels for TradingTimeframe : Weekly and 1-Hourly Charts
Predicted Move: Sideways Consolidation with Specific Levels for Trading Opportunities
Analysis :
On the weekly chart, EURUSD is in a sideways consolidation phase and is currently at the bottom of this range. For precise entry points, I'll be closely monitoring the 1-hourly chart.
Key Points:
- Sideways Consolidation : EURUSD is consolidating within a defined range on the weekly chart.
- Bottom of Range : Price is at the lower boundary of the consolidation, suggesting potential buying opportunities.
Key Levels on 1-Hourly Chart:
- Shorting Opportunity : 1.0739 is my preferred level for considering short positions.
- Buying Opportunity : 1.0668 is my preferred level for considering long positions.
Strategy:
- Monitor Key Levels : Watch the price action around 1.0739 for shorting and 1.0668 for buying opportunities.
- Confirmation : Look for confirmation signals on the 1-hourly chart before entering trades.
Discussion:
Potential for Parity: The question of whether EURUSD might hit parity again is intriguing. While the current consolidation phase doesn't indicate an immediate move to parity, significant macroeconomic events or shifts in market sentiment could drive the pair towards parity. It’s essential to stay updated on fundamental factors and market news that could impact EURUSD.
Note: This analysis is based on my trading experience. Always conduct your own research and analysis before making any trading decisions.
What’s your take on EURUSD? Do you see the potential for it to hit parity again? Share your thoughts!
AAVE - Support is holding strong, where is next ?BINANCE:AAVEUSDT (1D CHART) Technical Analysis Update
AAVE is currently trading at $86.5 and the price has reached the support zone, this support was held strong multiple times and price bounce back from it multiple times. Im expecting the price to bounce back from this support zone again and we have nice trade opportunity.
Entry level: $ 86.57
Stop Loss Level: $ 73.27
TakeProfit 1: $ 93.44
TakeProfit 2: $ 99.16
TakeProfit 3: $ 109.96
TakeProfit 4: $ 125.15
TakeProfit 5: $ 142.44
Max Leverage: 5x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
INJ - Will the support the hold ?INJ/USDT is currently trading at 22.27 and the price has reached its support zone of previous ATH after recent downtrend. This is a major support zone for INJ and if this support zone breaks then the next support will around 14 which is significant correction from the current price.
I'm expect the price to reverse back from the current support zone.
Assuming the price will reverse back from the current support zone , we have good opportunity to enter a LONG trade here.
Entry level: $ 22.23
Stop Loss Level: $ 16
TakeProfit 1: $ 25
TakeProfit 2: $ 30
TakeProfit 3: $ 39
TakeProfit 4: $ 53
TakeProfit 5: $ 71
Max Leverage: 2x
Position Size: 1% of capital
Don't forget to keep stop loss.
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Cheers
GreenCrypto
ARB/USDT POTENTIAL FALLING WEDGE! MUST BOUNCE FROM HERE!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
ARB showing potential on the daily timeframe! We might see a good bounce from here. Buy some here and add more in the dip.
Taregts:- $1.01/$1.24/$1.58/$1.86/$2.28
SL:- Daily close below $0.84
Let me know your thoughts in the comment section.
Follow up on the ES1! overextensionAnyone who has read my recent post will have noticed that we are tracking the increasingly over-expansive market in the CME_MINI:ES1! . If the trend is indeed our friend, then prices should remain moving upwards. Which is what I expect will happen. But in order to go into a strong uptrend, first some levels of support must be tested, or else we risk overexpanding even more. At which point, buying would become extremely dangerous. To avoid this risk, it's better to buy at discounted prices and hoping the price does indeed go ballistic. This is much preferable to buy while price is increasing, as many novice traders do due to FOMO.
With a new local maximum in place, we can safely say that a solid support has been created, yet it hasn't been tested. This in combination with the short term MA and the 2nd STD could provide additional support to the area. Making it a safe bet it won't go through. However, if this were to occur, then this would be a sign of a debilitating stock market and could potentially cause a crash. As there is a very large gap between our current supports and the previous ones. Which could lead markets to panic. I don't believe it's time yet, I think we are still missing a strong and not so long-lived final wave before we lose momentum and then crash.
Will we see a price break attempt again on ETH?Hello everyone, I invite you to review the chart of ETH in pair with USDT, on a four-hour interval. As we can see, the price has risen from the first channel of the downward trend, then we can see a break from the local upward trend line and now we can see the second channel of the downward trend,
Currently, the price has bounced off the support at $3,495, but remaining in the descending channel, we may see the price drop to the support at $3,179. Going further, we have a very strong support zone from $2,954 to $2,678.
Looking the other way, you can see how the price remains in front of a strong resistance zone from $3,645 to $3,814, then there is resistance at $4,098, and then we have a very strong resistance at $4,560.
Looking at the RSI indicator, you can see that we are entering the upper part of the range despite a slight price movement on the chart, while the STOCH indicator shows that we are exceeding the upper limit, which may still result in another attempt at price recovery.
#ETH: eyeing a potential breakout on the 4-hour timeframe!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
ETH is currently trading within a falling wedge pattern, which can be a bullish reversal signal. There's support around $3420-$3480, which could act as a springboard for a price increase.
Here's what we're watching:
Breakout confirmation: A clean break and close above the upper trendline of the wedge is crucial for a potential trend reversal.
Upside potential: If the breakout is confirmed, we could see a significant price increase.
Invalidation:- 4hr candle close below $3400 level.
Let me know your thoughts in the comments below!
NEOBTC Can Be Trading At The SupportWe went through some XXXBTC cross pairs and we can see an interesting pattern on NEOBTC chart. On the weekly basis it can be finishing final subwave (5) of the wedge pattern within wave C of an A-B-C corrective decline from the highs. It's telling us that NEO looks promising, but it's weekly chart, so it may take some time before we will see a rally. Keep in mind that bulls may step in only above channel resistance line and 0.00085 region.
Will BTC hold up for collection?Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains at the upper limit of the downtrend channel
Let's start by determining the support line and as you can see, the first support on which the price is based is $66,150, if the support is broken, the next support is $62,510, then at $59,824, and then the fourth very strong support at the lower border of the channel at $56,532 .
Looking the other way, there is significant resistance at $68,248, and then just above the downtrend channel, there is a strong resistance zone from $72,012 to $74,000.
There is a visible downward trend on the RSI indicator, and each rebound gives room for another price drop, while on the STOCH indicator we remain at the lower limit, which should help maintain the price.
Understanding my SPY Cycle Patterns - Bottom-103This video highlights the Bottom-103 pattern and how price action (support/resistance/rejection) can be used to confirm and execute better trades.
This is something most traders will easily understand as a BOTTOM pattern reflects a possible bullish price trend - except when price rejects this setup and trends downward.
Learn how my SPY cycle patterns can help you become a better trader.
EURUSD:Strong NFP but coming CPI may change directionDear Traders,
Following a period of subdued inflation data, EURUSD recently breached the 1.09000 mark. However, Friday's Non-Farm Payroll (NFP) report surpassed expectations, revealing over 272,000 jobs created compared to the anticipated 185,000. Consequently, EURUSD has retraced towards the key uptrend support around the 1.07800 level.
While the NFP figures are significant, it's crucial to recognize that they are just one piece of the puzzle for the Federal Reserve's decision-making process. Another critical aspect will be the forthcoming Consumer Price Index (CPI). Should the CPI data indicate a softer inflationary trend, we anticipate further weakness in the USD, potentially propelling EURUSD upwards from the support zone at 1.07800.
Conversely, if the CPI surprises with higher-than-expected inflation, we may witness a break in the EURUSD downtrend, possibly leading to new lows.
Remember to trade cautiously and stay informed.
Best regards,
Joe
CADCHF - Strong Support!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our last analysis, attached on the chart, CADCHF has rejected the red circle resistance and traded lower.
What's next?
Currently, CADCHF is hovering around a strong support zone marked in green.
🏹 As long as the support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD idea invalidation (idea correction)News pushed the price through the resistance level. Expect a potential retest of around this level (1.28214). If resistance becomes support, the price may continue in the direction of the current prevailing trend. However, if the price breaks this support level with momentum, it may reverse. In that case, we'll wait for a retest of support now become resistance (again), and confirm the reversal by new lower high or lower low.