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Possible BTC Breakout! Eyeing $70k!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates. The chart suggests a potential breakout from a descending channel pattern for Bitcoin (BTC), followed by a retest of the broken trendline as support. If this retest holds, there could be a significant price increase towards $70k. The 50MA is also acting as a potential support level. Here's what could invalidate this bullish scenario: A daily candle close below $61.5k. What do you think about this potential price movement? Share your thoughts in the comments below!
Long
by CoreCrypto1
1
ATOM/USDT 4HInterval Chart ReviewI invite you to review the chart of ATOM in pair to USDT, on a four-hour interval. Let's start by identifying the upward trend channel in which the price is approaching the lower border using the blue lines. After unfolding the trend based fib extension net and using the fib retracement net, we can determine the support at the level of $8.28, then support is visible at the price of $7.91, and then we have a strong support zone from $7.72 - $7.24 $. Looking the other way, you can see the first resistance at $9.19, then significant resistance at the upper border of the channel at $9.63, the next resistance at $9.93 and the next resistance at $10.35. When we look at the RSi and STOCH indicators, we will see a move below the downtrend line, now we need to wait for the move to break above this line.
by cryptodailyuk
Will Solana stay on current support?Hello everyone, let's look at the 4H SOL to USDT chart, as we can see the price is staying in the sideways trend channel marked with blue lines. Let's start by setting goals for the near future that we can include: T1 = $145.9 was rejected T2 = strong zone that effectively reverses the price from $153-$163 AND T3 = $189 Now let's move on to the stop loss in case of further market declines: SL1 = $143.4 SL2 = $133.56 SL3 = $126.48 AND SL4 = $117.53 Looking at the RSI indicator, you can see that we are moving around the middle of the range, which gives a possible move in both directions, but the STOCH indicator is moving at the lower border, which should result in an upward price rebound if the price stays at the current support.
by cryptodailyuk
1
LINK/USDT 4H ChartHello everyone, let's take a look at the LINK to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line. Let's start by determining support and, as you can see, first we have a support zone from $13.77 to $12.90, then we have visible support at $12.34 and then the third support at $11.55. Now let's move on to the resistance lines, as you can see the first resistance is at $13.98, if you manage to break it, the next resistance will be at $15.02, $15.71 and the fourth resistance at $16.67. The RSI indicator and the STOCH indicator are approaching the lower limit, which may slow down the current correction, which will keep the price in the support zone.
by cryptodailyuk
MATIC/USDT 4H Chart ReviewHello everyone, let's look at the 4H MATIC to USDT chart as we can see that the price is staying on a lopsided uptrend line. Let's start by setting goals for the near future that we can include: T1 = $0.73 T2 = $0.76 T3 = $0.79 AND T4 = $0.82 Now let's move on to the stop-loss in case of further market declines: SL1 = $0.67 SL2 = $0.64 AND SL3 = $0.56 When we look at the RSI and STOCH indicators, we can see that the indicators are low and we additionally rely on the trend line, which may affect the price maintenance.
M
by cryptodailyuk
#ETHUSDT UPDATE! FORMING BULLISH PATTERN!!Hello everyone! If you enjoy this content, please consider giving it a thumbs up and following for more crypto updates. Welcome to this ETH/USDT Quick Update! The chart suggests a potential bullish continuation for ETH. It's currently consolidating within a falling wedge pattern, historically considered a bullish reversal sign. There's also good support around $2900-$3000 (green zone). If the price holds above this level, a breakout from the wedge could be imminent, potentially leading to new all-time highs (ATH). Here's what could invalidate this bullish scenario: A daily close below $2820. What do you think about this? Let me know in the comments!
Long
by CoreCrypto1
ORDI - A SHORT is short#ORDI/USDT #Analysis Description --------------------------------------------------------------- + The price is steadily following the channel, and the overall trend is bearish. + I don't anticipate this trend changing direction in the near future, so I'm opting for a SHORT trade here. + I expect the price to reach the resistance line and then retreat back to the support level. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 38.938 Stop Loss: 42.416 ------------------------------ Target 1: 36.416 Target 2: 34.654 Target 3: 30.995 ------------------------------ Timeframe: 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
Will BTC break through the resistance?Hello everyone, let's look at the 1D BTC to USDT chart, as we can see the price is moving in a downtrend channel, where we are currently close to the middle of the channel where the price has encountered strong resistance. Let's start by setting goals for the near future, which include: T1 = $64,088 T2 = $66,151 T3 = $69,473 T4 = $72,895 AND T5 = USD 76,015 Now let's move on to the stop loss in case of further market declines: SL1 = $58,351 SL2 = $54,678 SL3 = $51,709 AND SL4 = $48,237 The RSI indicator shows an upside from the first downward trend line, and there is still some space left to the second line, while the STOCH indicator remains near the middle of the range, also above the downward trend line, which may push the price higher.
by cryptodailyuk
Silver May Resume Its UptrendSilver may resume its uptrend after recent corrective decline from technical point of view and by Elliott wave theory. We have been talking a lot about bullish metals in the past months and they may easily stay in the uptrend, especially now when bonds across the globe are recovering away from the supports. We have seen some slow down on silver recently, but we believe it's just a corrective setback within ongoing bullish trend, as we see an unfinished five-wave bullish cycle. If we take a look at silver from Elliott wave perspective, we can see a nice three-wave A-B-C correction, which can belong to a higher degree wave 4, so soon be aware of a bullish resumption back to highs within 5 wave.
FOREXCOM:XAGUSDLong
by ew-forecast
BTC - 60k Support Confirmed 👌Hello TradingView Family / Fellow Traders, 📦 This week, BTC confirmed the rejecting of the $60,000 support. 📈As long as the $60,000 support holds, I am expecting a continuation towards the next resistance at $70,000. 🏹 Then for the bulls to remain in control, and test the $82,000 and upper bound of the red channel, a break above the $72,000 resistance is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
5
GBP/USD maintains upward despite dipping to 1.2550 post-US NFPThe British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report. On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend upwards without any signs of change. This indicates stability and the continuation of the bullish trend in the market.
by Lily_Anna
GBP/USD Trades Below 1.2550 After US Jobs ReportGBP/USD is struggling to maintain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment report from the US triggered a sell-off in the US Dolla (USD) and helped this currency pair reach its highest level in weeks above 1.2600. The disparity in economic data between the US and the UK has led to significant fluctuations in the currency market, creating both opportunities and challenges for investors. Looking at the chart, we can see that prices are trading around the Simple Moving Averages (SMA). The Relative Strength Index (RSI) is trading above the 50 level, indicating that buying pressure remains dominant with no significant changes, a sign of normalization. This may suggest that the market is undergoing a period of stability after the recent intense fluctuations.
by Stephen_Anders
EUR/USD Holds Above 1.0750 Despite Weak US NFP ReportEUR/USD is striving to hold above 1.0750 despite extending its upward momentum to the day's high at 1.0800. The strength of this currency pair is being supported by weaker-than-expected US NFP report, fueling expectations for an early interest rate cut by the Fed. Meanwhile, in the Eurozone, attention is focused on the European Central Bank (ECB), with many forecasts suggesting that the ECB will proceed with an interest rate cut in June, provided there are no surprises regarding inflation. This reflects concerns about the pace of price increases in the Eurozone, which are trending back towards desired levels.
by Lily_Anna
Gold Continues Steadily Around $2,300The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300. While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues its downward trajectory, dipping to $2,300, there is a significant risk that the downward trend may persist strongly in the near future
OANDA:XAUUSD
by Stephen_Anders
1