Get started

Support

XRP: Bullish Setup Emerges - Time to Enter?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! XRP looks very good in the weekly time frame. As you see in the chart, it is forming a symmetrical triangle-like structure and it is currently trading around the lower trendline of a symmetrical triangle-like structure on the weekly timeframe. This pattern can indicate a potential breakout in either direction, so further confirmation is needed. Here's what we're watching: Breakout confirmation: A clean break and close above the upper trendline of the triangle would be a bullish signal, potentially leading to higher prices. Support holds: Maintaining the current support level strengthens the case for a potential reversal. Accumulation Range:- $0.42-$0.47 Short-term Target:- $0.56/$0.68 Mid-term Target:- $2 What are your thoughts on XRP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
Ichimoku Watch: Nvidia Eyeing Ichimoku Cloud Support In three successive days of selling, triggered after a bearish outside reversal formed on Thursday last week from all-time highs of $140.76, Nvidia (ticker: NVDA) has shed approximately -15.0% from the peak. The company’s market value dropped more than US$500 billion to US$2.91 trillion, consequently pulling the chipmaker back to third place after briefly becoming the most valuable company in the world and surpassing Microsoft (ticker: MSFT) and Apple (ticker: AAPL). Behind the sell-off is a combination of the CEO, Jensen Huang, selling almost US$100 million worth of shares a handful of days before (and after) it became the world’s most valuable company, along with worries about the company’s effect on the broader stock market indexes, and profit-taking after what has been a meteoric rise. Ichimoku Cloud Support As can be seen from Nvidia's daily chart, the stock’s recent movement has easily crossed below the Conversion Line (blue at $129.40) and is fast approaching the Base Line (red at $116.28), which could deliver support. However, should further downside develop, the Ichimoku Cloud support (made up of the Leading Span A at $122.95 and the Leading Span B at $108.23) could be seen as a logical downside target for sellers in this market at the moment. You will also see that the chart offers support at $96.77 around the Ichimoku support zone. Price Direction? While it is unlikely that the party is over for Nvidia, the current correction will likely be viewed as an opportunity to get in at cheaper prices. Dip buyers, therefore, may seek suitable support levels to enter this market long. The combination of support just below $100.00 at $96.77 and the Ichimoku Cloud support area could be worthy of the watchlist.
NASDAQ:NVDALong
by FPMarkets
9
NEAR/USDT: ACCUMULATE HERE FOR 2X PROFIT!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. NEAR looks good here. It is trying to form an Adam&Eve-like structure in the daily time frame. As you see in the chart, it is holding the previous support range very well and bouncing from there. I'm expecting a good pump from here. Entry range:- $4.5-$5.5 Taregts:- $6.7/$8.2/9.4/$12 Invalidation:- Daily close below $4.4 What are your thoughts on NEAR's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
DOGE - Short Trade | Support is fallen #DOGE/USDT #Analysis Description --------------------------------------------------------------- + DOGE, everyone's favorite meme token, has broken its support and is heading into a free fall. + There is no significant support until $0.09, which presents a good trading opportunity. + I'm entering a short trade at the current price. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.11665 Stop Loss: 0.13552 ------------------------------ Target 1: 0.10860 Target 2: 0.10222 Target 3: 0.09132 Target 4: 0.08169 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount 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
Short
by VectorAlgo
ZCX - Excellent Support holding - Expecting Pump soon#ZCX #Analysis Description --------------------------------------------------------------- + Price is heading towards the strong support zone, this support held for long time + Expecting the price to bounce back after hitting this support zone + You can enter the position now, or when it hits the support. + SL is below the support line --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.16518 Stop Loss: 0.10819 ------------------------------ Target 1: 0.20471 Target 2: 0.25980 Target 3: 0.34376 Target 4: 0.46859 Target 5: 0.61632 Target 6: 0.91315 Target 7: 1.52410 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount 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
2
XMR - Monero is gonna explode soon#XMR/USDT #Analysis Description --------------------------------------------------------------- + The price has hit the resistance level and appears to be rejected from it (confirmation will come once the candle closes). + We can consider entering a long trade once the price retraces. + There is good potential in the bull run if the price bounces back after reaching the support zone. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 170.1 - 152.88 Stop Loss: 95.96 ------------------------------ Target 1: 183.27 Target 2: 240.56 Target 3: 295.61 Target 4: 370.83 Target 5: 469.02 ------------------------------ Timeframe: 1M Capital Risk: 1-2% of trading amount 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
A bounce back is imminent for ZRX.#ZRX/USDT #Analysis Description --------------------------------------------------------------- + The price is heading towards the support zone after reaching a local high. + The price is expected to consolidate in this support zone and bounce back from it. It's highly unlikely that the price will go lower than this. + If the price bounces back from this support, we can expect it to reach the previous ATH in this bull run. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.2959 - 0.3224 Stop Loss: 0.2461 ------------------------------ Target 1: 0.3889 Target 2: 0.5293 Target 3: 0.7136 Target 4: 1.1567 Target 5: 1.6046 Target 6: 2.0365 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount 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
1
Another run is coming soon - New ATH for INJ ?#INJ/USDT #Analysis Description --------------------------------------------------------------- + INJ has reached its critical support zone, and the price is currently bouncing back from it, presenting a good opportunity for a long trade. + I'm entering a long trade here with the stop-loss (SL) set below the support zone. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 21.4 Stop Loss: 13.4 ------------------------------ Target 1: 24.16 Target 2: 28.95 Target 3: 33.11 Target 4: 44.81 Target 5: 53.00 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading amount 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
BTC hovering around $60k: Short squeeze potential?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this BTC quick analysis. Bitcoin (BTC) is currently trading at around $60k, and we might see a potential short squeeze in the charts. Here's what to consider: Support level: There is some support around $62k, which could hold if additional selling pressure eases. Market sentiment: You're right, recent price drops might make some retail traders hesitant to re-enter. Exchange & MM activity: Exchanges and Market Makers (MMs) may benefit from increased trading activity. However, their specific actions are difficult to predict. Important to remember: Short squeezes are not guaranteed: While some factors suggest a potential squeeze, it's not a certainty. Shorting with the crowd can be risky: Many traders might be hoping for a bounce at $60k, so shorting now could be a crowded trade. IMO, soon this dump will be over and we will see a good upside move this week. Let's see how the price reacts from here. What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below!
Long
by CoreCrypto1
BOME - Bouncing back from the support lineBINANCE:BOMEUSDT (1D CHART) Technical Analysis Update BOME is currently trading at $0.104 and showing overall bullish sentiment Price has bounce backed from the support and assuming if this price holds then we can expect it to reach the next resistance zones. Entry level: $ 0.010414 Stop Loss Level: $ 0.008003 TakeProfit 1: $ 0.011407 TakeProfit 2: $ 0.012298 TakeProfit 3: $ 0.014267 TakeProfit 4: $ 0.015504 TakeProfit 5: $ 0.019583 Max Leverage: 2x Position Size: 0.5% of capital Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
Is the mexican index in danger?Even with great companies conforming this index, it's impossible to ignore the effect that Claudia Sheinbaum's victory had over the markets. It's shocking to see the pessimism of the markets after her victory. Unfortunately, this has now created an infliction point in the BMV:ME index. With no recent clear support, it could be possible for price to drop quite a bit more, opening great buying opportunities. However, if price does not begin to reverse this trend soon, it's possible that we will test lower lows.
BMV:MEEducation
by DarkMessiah777
BTC undergoing correctionHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As we can see, the price rebounded from the upper border of the downward trend channel, and what is more, we can see how the local downward trend line was broken inside the channel. Let's start by determining the support line and here there is a strong support at the level of $65,372, at which the price currently holds, then there is support at the level of $61,397, the third support at the price of $58,444, and further support at the lower border of the downward trend channel at the level of $54,792 . Looking the other way again using the trend based fib extension tool, we can determine resistance. However, here it is worth starting by marking a strong resistance zone which the price cannot overcome from $70,105 to $73,515, then there is resistance at $76,267 and then at around $80,000. Looking at the RSI indicator, we can see how we have approached the place where we could previously observe a change in direction, while on the STOCH indicator we are moving towards the lower border, which may also indicate an upcoming change in direction.
by cryptodailyuk