ETH - Building Block 🏢Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🏢 Imagine ETH is trading inside a building, and you are currently on the fourth floor.
📌 $3500 is currently your floor/support. For the bulls to take over, we need a break above $3600.
In this case, movement up to the ceiling at $4000 would be expected.
📌 Meanwhile, $3500 is the ceiling pushing the price down to the floor around $3000 - $3100.
Which scenario do you think is more likely to happen? Which floor is more likely to hold?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Support
BTC/USDT 1HInterval ChartHello everyone, let's take a look at the 1H BTC to USDT chart as we can see that the price is staying on the local uptrend line, also at the first support.
Let's start by setting goals for the near future that we can include:
T1 = $67,834
T2 = $69,089
T3 = $70,367
AND
T4 = $72,328
Now let's move on to the stop-loss in case of further market declines:
SL1 = $65,094
SL2 = $63,101
SL3 = $61,813
AND
SL4 = $60,039
Looking at the RSI indicator, there is still room for a continuation of the rebound, while the STOCH indicator is rebounding from the lower limit, but one should be careful whether this rebound will not be followed by another decline, looking at the predominance of the falling volume.
📈 DIO Trade Analysis 📉💡 Trade Plan:
Current Status: DIO bounced off its support at $0.0318 and is now facing an intermediate resistance at $0.049.
Entry: Consider entering a long position once DIO breaks and holds above the $0.049 resistance level.
Take Profit: Target potential profit-taking opportunities at $0.058, $0.0655, and $0.083 resistance levels.
Risk Management: Use appropriate risk management techniques such as stop-loss orders to protect against adverse price movements.
USD CADMy analysis on USD CAD, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: long trades 0-15, in short trades 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Trade carefully
This is not financial advice, DYOR.
⚡ RUNE Trade Setup ⚡📊 Analysis:
Market Observation: RUNE is experiencing resistance that may convert into support, presenting a potential buying opportunity.
Current Situation: The buy zone spans from $6 to $7.4, with a secondary buy zone from $3.2 to $4.2 for further accumulation if prices drop.
Strategy: Utilize dollar-cost averaging (DCA) within the specified buy zones, with additional dry powder reserved for potential lower levels, such as $4, in case of a significant sell-off.
Entry Points: Initiate buys within the $6 to $7.4 range and consider additional purchases within the $3.2 to $4.2 range.
Take Profit: Target profit-taking at the next areas of resistance, aiming for $13 and $20.
Stop Losses: Implement a soft stop at a daily close below $5 to manage risk, with a hard stop set at a daily close below $3 to mitigate losses.
🌐 Note: Stay vigilant for confirmation of support conversion and potential upward momentum before entering positions. Adjust the strategy based on market dynamics and consider factors such as trading volume and overall market sentiment.
Get Ready for Huge upside as PVRINOX at Support !!PVRINOX is around the long term support !!
Long term support is working from 2008 and now around the support
Long term support is around 1150-1240
In a weekly timeframe Stock is making falling channel
Falling channel support is also coming around 1180-1240
We have confirmed these levels from 2 charts
So Probability is higher that prices may bounce from these levels.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Lets Keep Things Simple!Let's keep everything simple. Here at the levels to trade in-between!
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.
Gold rebounds slightly, still bearishGold rebounded from a slight decline during the day, and it can still be shorted after the rebound. Although the K-line of gold currently maintains a high level of shock in the daily trend, the price is showing signs of gradually moving out of the high-level shock range. The K-line has gradually begun to come under pressure from the short-term moving average. In the short-term trend, the technical form has begun to gradually weaken. signs. The 4-hour trend fell below the early linkage support and then a slight rebound just completed the technical form repair. At present, the short-term moving average continues to diverge downward, and the weak trend in the short-term trend has not changed for the time being.
I currently tend to short gold after a rebound.The current short-term resistance of gold has moved down to the 2165-2160 area.
Alikze »» ALGO | Pull back to the trigger lineIn the weekly and daily times, after going through a complex correction cycle, it finally entered a motivational wave in the range of 0.082 with a floor, which is currently breaking the dynamic pullback to the structure, which is a retest to the supply area. has also had Therefore, with floor construction in the area, it will have the ability to grow to the next supply area of 0.39, and after its failure, the path to the next supply area will be smooth.
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Bitcoin | BTC - Short Trade#BTC/USDT #Analysis
Description
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+ BTC is about to breakout from it's support zone, this breakout will push the price of the bitcoin further down.
+ This will be a good opportunity for us to enter a short trade and make some profits.
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VectorAlgo Trade Details
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Entry Price:66857
Stop Loss: 68812
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Target 1: 65650
Target 2: 64839
Target 3: 63505
------------------------------
Timeframe: 4H
Capital Risk: 1-2% of trading capital
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
COTI - A short trade#COTI/USDT #Analysis
Description
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+ COTI price has broke out from the support zone and heading towards the next support
+ This is a clear indication of the continuing bearish trend.
+ I see a good opportunity for short trade here.
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VectorAlgo Trade Details
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Entry Price: 0.1833
Stop Loss: 0.2169
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Target 1: 0.1622
Target 2: 0.1416
------------------------------
Timeframe: 4H
Capital Risk: 1-2% of trading capital
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
CAKE - Good Short Trade #CAKE/USDT #Analysis
Description
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+ Cake is showing overall weakness as it recently formed a lower low.
+ There is a good opportunity for short trade as the overall market is looking bearish
+ We can enter a short trade once the price breaks the support.
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VectorAlgo Trade Details
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Entry Price: 4.192
Stop Loss: 4.563
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Target 1: 3.958
Target 2: 3.761
Target 3: 3.426
------------------------------
Timeframe: 4H
Capital Risk: 1-2% of trading capital
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
📈Bullish on Shiba: Potential for Strong Rally🚀🔥🔍Today's analysis focuses on Shiba Coin (SHIB) in the daily timeframe, where it has recently experienced a remarkable 417% growth, showcasing its significant potential. SHIB is among the most popular meme coins in the market, boasting a large community of loyal holders.
📈Following such a powerful upward movement, a correction is entirely natural and essential for sustaining a healthy trend. A trend line from the weekly timeframe has been broken, indicating the extent of the 417% movement.
🛒Currently, the price is stabilizing, suggesting that considering spot buying within this range could be prudent. If the price begins to correct, waiting for confirmation candles within the range of 0.000015 to 0.000018 could be a strategic entry point.
💎Alternatively, a scenario where the price finds support upon reaching the SMA25 for its next move is plausible. If the market fails to initiate movement upon reaching the SMA, patience for Fibonacci levels may be necessary.
🚀For futures trading, it's advisable to sideline Shiba Coin and explore other options, considering its tendency for volatile movements and potential for easy liquidation.
🧠💼Just remember, jumping into trades too quickly before the main trigger can be risky. Always manage your money wisely and be aware of the risks involved.
TON Coin Support and Resistance Prediction Using TREX Price ActiUnlock the power of predictive analysis for TON Coin with our innovative approach using the TREX Price Action Method. TradingView introduces a cutting-edge strategy to anticipate future support and resistance levels for TON Coin, leveraging the intricacies of price steps to forecast market movements with greater accuracy.
What sets our method apart is its reliance on the TREX Price Action Method, a robust framework that combines technical analysis with the psychology of market participants. By dissecting historical price data and identifying key price steps, we're able to construct a comprehensive roadmap for potential support and resistance levels, paving the way for informed trading decisions.
Our publishing idea on TradingView encapsulates this strategy, providing traders with actionable insights into the future trajectory of TON Coin. Through detailed analysis and clear visual representations, we illuminate the critical zones where buying and selling pressures are likely to converge, empowering traders to optimize entry and exit points with confidence.
Whether you're a seasoned trader or new to the world of cryptocurrency, our approach offers a systematic way to navigate the volatile landscape of TON Coin. Join us on TradingView as we decode market dynamics, unravel the mysteries of support and resistance, and unlock the potential for profitable trading opportunities with TON Coin using the TREX Price Action Method.
ETC/USDT 1H Targets and Stop-lossHello everyone, let's look at the 1H ETC to USDT chart, we can see the movement inside the side triangle marked with blue lines.
Let's start by setting goals for the near future that we can include:
T1 = $36.81
T2 = $38.14
AND
T3 = $40.33
Now let's move on to the stop-loss in case of further market declines:
SL1 = $35.78
SL2 = $34.60
AND
SL3 = $32.69
Looking at the STOCh indicator, you can see how there is room for a potential upward move, while the RSI indicator shows a move in the lower part and room for the resistance line for an upward move.
⚡ KUJI Trade Setup ⚡📊 Analysis:
Support Level: KUJI has reached its next support level, indicating a potential long trade opportunity.
Trade Percentage: Utilize a reasonable percentage of your capital for this trade.
Buy Zone: Plan to ladder into a spot long trade between $3.90 - $4.10.
Take Profit: Consider taking profits at the next areas of resistance around $4.55 - $4.80 or $5.20 - $5.50.
Stop Loss: Set the stop loss just under $3.80 to manage potential losses.
🌐 Note: Exercise prudent risk management and monitor the trade closely.
MSFT - Why I took swing calls overnight -how I predicted the gapSupport by an algo leads to resistance by that algo. In this case, we were no longer supported by teal selling but rather by HTF buying continuation. You could see that in order to finally break out of the tapered teal selling, we needed for price to build liquidity until it could activate our HTF buying continuation algos.
More analysis like this to come! Stay tuned!
Happy Trading :)
GOLD Key Level Ahead! Buy!
Hello,Traders!
GOLD is finally making
A long awaited bearish
Correction after an unprecedented
Surge but a strong key level
Of the previous all-time-high
Around 2148$ is ahead and
After the price retests the level
I will be expecting a local
Bullish rebound
Buy!
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Check out other forecasts below too!
XRP - Support is holding strong, Only way is UP BINANCE:XRPUSDT (1W CHART) Technical Analysis Update
XRP is currently trading at $0.6642 and showing overall bullish sentiment after holding the support strong for more than an year.
Price is respecting it's well established support zone and currently we can see price breaking out from the triangle pattern. This is a clear confirmation that xrp is finally showing some momentum after being at the same price for around 2 years.
We
Entry level: $ 0.6875
Stop Loss Level: $ 0.4831
TakeProfit 1: $ 0.7688
TakeProfit 2: $ 0.9304
TakeProfit 3: $ 1.099
TakeProfit 4: $ 1.499
TakeProfit 5: $ 1.900
Max Leverage: 2x or Spot market
Don't forget to keep stop loss.
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Cheers
GreenCrypto