Will BTC maintain its price in the previous ATH zone?Hello everyone, I invite you to review the situation on BTC. As you can see, the price is struggling to maintain the level above the previous ATH, you should observe the behavior and be vigilant because just above a specific zone there is a very strong resistance level where the price should reach according to cyclicality.
The RSI indicator and the STOCH indicator show that we are maintaining the movement above the upper limit, which could potentially result in a recovery that would provide a healthy correction and gather energy for new increases.
Support
A Promising Investment in Africa's E-commerceNYSE:JMIA is retesting the $5 support level which is a major point of interest. Bouncing off this level is a good sign for strong buyer interest and a sign of further uptrend.
Bullish Case
Growing e-commerce market in Africa: Africa has a rapidly growing middle class and a young, tech-savvy population. This presents a significant opportunity for e-commerce companies like Jumia to tap into the expanding market and capture a substantial share of the growing online retail sector.
First-mover advantage: Jumia is often referred to as the "Amazon of Africa" due to its dominant position in the African e-commerce market. As the first major player in the region, Jumia has built a strong brand and established a network of customers, sellers, and logistics partners, giving it a competitive advantage over potential new entrants.
Support And Resistance Lines Are Not Real: Prove Me WrongIn this video, I draw random lines on the chart to prove a point. I think we need to ask ourselves the following questions to become better traders:
How will I define support and resistance consistently ?
How will I use support and resistance in my trading?
Do I need support and resistance in my trading?
Is support and resistance a reliable measure for markets?
Are the lines that I have been drawing for so long actually meaningful?
ALT - Breakout from the resistance >|||<#ALT/USDT #Analysis
Description
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+ The price of ALT is currently hovering around the resistance level, suggesting a potential breakout.
+ If the price manages to successfully breach the resistance level, it presents an opportunity to enter a long position.
+ I plan to initiate a long position once the breakout is confirmed.
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VectorAlgo Trade Details
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Entry Price: 0.67159
Stop Loss: 0.5388
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Target 1: 0.7383
Target 2: 0.7950
Target 3: 0.8173
Target 4: 0.9928
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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.
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Best Regards,
VectorAlgo
BTC/USDT 1HInterval Chart ReviewHello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As we can see, the price has broken lower from the local upward trend line.
Let's start by determining the support and, as you can see, first we have a visible support zone from $69,984 to $69,553, and then there is support at the level of $68,307.
Looking the other way, we see the price rising above the first resistance level at $70,147, the next one is at $70,678, and then it is worth marking the resistance zone from $71,067 to $71,561.
Looking at the volume indicator, you can see two green candles, but they are much weaker than the previous red candles, indicating a local downward trend. On the RSI indicator, we have approached the middle of the range, which still leaves room for a price decline.
Alikze »» MINA | Pullback to dynamic trigger is brokenIn the daily time, after the failure of the dynamic trigger and the support in the green box range, it has already tried to break the neckline several times, which it has not succeeded in breaking so far. But according to the structure that created higher floors and pits facing up, a triangle corner pattern was also formed. If the fake break occurs from the bottom and is supported in the green box range, it will have the ability to continue to the next supply area.
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LINK - Bounce and go up ^#LINK/USDT #Analysis
Description
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+ LINK is showing good bullish momentum and price retraced back and now it is bouncing back
+ This retracement is a good opportunity for a LONG trade
+ I'm entering a long trade with a good distance to the stop loss.
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VectorAlgo Trade Details
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Entry Price: 19.4
Stop Loss: 15.78
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Target 1: 22.4
Target 2: 25.03
Target 3: 28.9
Target 4: 35.9
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Timeframe: 1D
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
EOSUSDT - Support is holding strong#EOSUSDT (4H CHART) Technical Analysis Update
EOSUSDT is strongly holding its support level and now its successfully bounced from the support.
We can expect a new resistance at 0.734 level, which is a good price level to move the stoploss to breakeven level.
Long Entry level: $ 0.700 - 0.707
Stop loss: below $ 0.678
Target 1: $ 0.734
Target 2: $ 0.771
Target 3: $ 0.807
Max Leverage: 2x
|ALWAYS KEEP STOP LOSS|
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INJ - Holding strong in support and expected to bounce backAs you can see in the chart, this is the 4th time INJ is bouncing back from support and showing a bullish sentiment. We can this trend to continue and the next target for INJ is around $70
Entry level: $ 28-32
Stop loss level $ 23
Target 1: $39
Target 2: $45
Target 3: $ 59
Target 4: $ 69
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
BIGTIME/USDT - What happend to bigtime ? As you can see in the chart, BIGTIME had significant correction (-67%) and it hit it's support line at around 0.3 multiple times.
With such a large correction -67%, we can expect some bounce back to recover the price.
As it is currently consolidating around the support line, it can take few days to bounce back.
We can enter a new trade once we have clear bounce back and breakout from the triangle.
Entry price: After clear breakout
Stop Loss: 0.26
TP-1: 0.4
TP-2: 0.48
TP-3: 0.52
TP-4: 0.67
TP-5: 0.80
Note We will share the confirmation once the breakout happens.
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GreenCrypto
ROSE/USDT - Heading towards next support to bounce backBINANCE:ROSEUSDT is heading towards next support line around 0.106 and, this support line head strongly last two times.
Once it hits the support line we are expecting it to bounce back strongly and head towards the resistance level at around 0.1211
Overall ROSE is forming the triangle patterns and breakout from this triangle pattern will give a big move.
We will update the chart when we have a confirmed trade entry.
Cheers!
GreenCrypto
LINKUSDT - Box is open and destination is 25$LINK consolidated heavily in inside the box with the range from 12 to 16, this was a good range for link to consolidate and get ready for the next target.
As the link is currently broken out of the consolidation box we can expect the price to reach 25$ easily.
We can enter position at current price (18.5$ ) and our first Target is 20$ and last target is 25$
Entry Price: $18.5
Stoploss: $15
TP-1: 20
TP-2: 22
TP-3: 25
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GreenCrypto
SEI - A Technical Analysis - New High is Breakout or Fakeout ? BINANCE:SEIUSDT (1D CHART) Technical Analysis Update
SEI is currently trading at $0.9030 and showing overall bullish sentiment
We are seeing confirmed breakout from the resistance zone. Currently price is heading back to its support level (Previous resistance level), we can expect the price to bounce back after hitting the support level.
Enter 50% of the position now and rest after the pull back.
Entry level: $ 0.8468 - 0.9034
Stop loss level: $ 0.6529
Target 1: $ 0.9982
Target 2: $ 1.1195
Target 3: $ 1.4870
Target 4: $ 1.9038
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
SKL - Saucer Pattern - Aliens are HereBINANCE:SKLUSDT (1D CHART) Technical Analysis Update
SKL is currently trading at $0.08978 and showing overall bullish sentiment after forming saucer pattern
As you can see in the chart, SKL formed saucer pattern previously and had a nice long trend after the pattern, Currently it formed the exact same pattern. We are expecting the price to move in the same way.
We can enter a position at current price while keeping stop loss around the next weak support zone.
Entry level: $ 0.08985
Stop loss level: $ 0.06945
Target 1: $ 0.09977
Target 2: $ 0.11238
Target 3: $ 0.13936
Target 4: $ 0.16924
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
BLUR - A blurry trade and decent opportunity BINANCE:BLURUSDT (4H CHART) Technical Analysis Update
BLUR is currently trading at $0.6676 and showing overall Bullish sentiment
Price currently broken out from the resistance line. the next target is around 0.75 which is our exit price.
Entry level: $ 0.6479 - 0.6677
Stop loss level: $0.5604
Target 1: $ 0.6940
Target 2: $ 0.7361
Target 3: $ 0.8270
Target 4: $ 0.9326
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
MEMEUSDT - A meme like support holding it strongBINANCE:MEMEUSDT (4H CHART) Technical Analysis Update
TOKEN is currently trading at $0.022504 and showing strong bounce back from its long tested support around 0.021543
This supported has retested 4 times and two times it bounced back to its resistance level. we are expected the next movement to reach its resistance around 0.029273 range
Long Entry level: $ 0.022504
Stop loss: below $ 0.019500
Target 1: $ 0.024066
Target 2: $ 0.026430
Target 3: $ 0.02933
Max Leverage: 5x
Don't forget to keep stop loss.
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GreenCrypto
BANDUSDT - Triangle Breakout and Heading towards next ResistanceBINANCE:BANDUSDT (4H CHART) Technical Analysis Update
BANDUSDT is currently trading at 1.80 $ and and successfully breakout from the triangle pattern, its heading towards the next resistance around 2.0
We can expect the trend to continue and out final target is around 2.3
Long Entry level: $ 1.8
Stop loss: below $ 1.621
Target 1: $ 1.9
Target 2: $ 2.0
Target 3: $ 2.1
Target 4: $ 2.3
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
HOTUSDT - LONG or SHORT breakout ? HOTUSDT is currently consolidating around its support zone of 0.00185 and we can expect the consolidation to continue for next few days.
We have both LONG and SHORT opportunity here depending on whether the price breaks the support zone or bounce backs after consolidating at the support zone.
We will share more details about the trade once the price moves. Stay tuned for more updates.
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Cheers!
GreenCrypto