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Technical_analysis

$DOGE - Break it or Take it !!!Hello my Fellow TraderZ, I hope you guys have seen my yestedray's post where I mentioned about this move was expected and again we have nailed it with whoopy PUMPA. Today I will be sharing my view on Daily TF and what could be expected. Right now $DOGE is facing its major Resistance zone lies here. If clears this zone, it has no further strong barriers to $0.2 - $0.23 which is another 40-50% move from here. But the concerning point is that the RSI on DTF is extremely overheated + a clear cut BEARISH DIVRGENCE on 4 HTF and so I'm expecting a healthy pullback with drawdown of ~25-35%. Also if you see with increasing price, Volume bars are going down which generally indicates the exhaustion of fuel to the PUMPA. So be cautious and make yours' entry carefully on either side. CHEERS!!!
Long
by TRADER-GOKU
2
NQUSL - Where to next?Mapping out the next possible and probable step(s) for the indices ( in this case NQUSL ) 1. Bounce/relief rally to retest the 200MA and multi-year (purple) trend-line. Resistance holds, break-down to next support level between 2500-2400. 2. Multi-week trend-line holds as resistance, we break down to next support level between 2500-2400. 3. Bounce to retest the 200MA and multi-year (purple) trend-line. Bounce holds, we get a 123 breakout above trendline (first multi-month higher low).
NASDAQ:NQUSL
by artinh
#BTC/USDT 4HR UPDATE!!Hello traders, As BTC still managed to trade inside a rising wedge pattern between a range of $18.4k to $20.6k. If we consider the shorter frame BTC just rejected from the upper resistance level which is mentioned in the chart and currently lists moving down again to its lower support zone of $19k, it needs to hold this level and again above otherwise break below will lead BTC again towards the lower support rage of $18.4k level. Let’s see how the price performs in the upcoming hours. Do your own research before any trade and hit the like button if you find this analysis helpful. This is not financial advice. Thank you.
by Domino_Crypto
#CARDANO $ADA - In the SPACE Hello my Fellow TraderZ, Hope you guys are doing well in the Chippi-Choppy Market. The most important points to be noted in such Corrective Market or BEAR Market are 1. Save the Capital (always think 2x/3x before putting the Money). 2. Build the Capital (Trade small or consolidation ranges). 3. Deploy the Capital (Have patience and see the reversal structure of the Market). Anyways, so today we have $ADA here. After being in the same zone since JUNE 2022, finally #CARDANO breaking the very very critical SUPPORT it has been ranging for a while. That means it is in the no land zone and a freeway to the below marked levels. Also do not open any new SHORT position as this could be the DEVIATION as well and price would take off further which is quite less likely. Wait for the retest & Rejection from the SUPPORT level and get into the Ride. Happy Trading. CHEERS!!!
Short
by TRADER-GOKU
3
$ETHEREUM - "Queen in Danger"Hello my fellow TraderZ, Today we are here to discuss about the QUEEN of #Cryptocurrency - $ETH #ETHEREUM. Can see the price is again following the SYMMETRICAL TRIANGLE Pattern and once again coming to the edge of the Pattern. Last time on the CPI day, we had a sharp Fakeout to grab the Liquidity existing below the level of $1260. PA is not looking so strong at the moment for $ETH. If the Triangle breaks this time confirms any 4H candle, do not hesitate to SHORT till the levels marked. Happy Trading Fam. CHEERS!!!
Short
by TRADER-GOKU
$ATOM - LONG or SHORT ?Hello my Fellow TraderZ, The day before I had shared the idea of $QNT forming an ASCENDING TRIANGLE and its possible move. Similar structure is visible on $ATOM #COSMOS on 1 HTF where price is ranging inside the ASCENDING TRIANGLE and constantly getting rejection from $13.2. Breakout Target would be around 6-11% Profit. But also it is a bit confusing as it seems like it is also forming a Head & Shoulder pattern with the Trendline as the Neckline. Breaking of the neckline would give us the profit ~ 7-10% on Short. As a trader our task is to trade on both the sides. Let's see. Good Luck. Happy Trading. CHEERS!!!
by TRADER-GOKU
ICPUSDT /1D Currently, the price is fluctuating between 5.60 and 6. The first support limits are $5/$5.50. Most likely, the price in these ranges will be associated with a positive reaction. If it is accompanied by a lot of selling pressure, further correction may be made. To enter, we must wait for the confirmation of the candlestick in these ranges. 💹 The important resistance range of 6.20 for a positive price trend should be above the stabilization range so that the next resistance range has a positive movement. It is important to maintain the range of 4.64 what do you think about it? 🙂
Short
by mehrnaziji
USDT.D 4H Dominance Tether As you can see, it has reacted to the 7.25% support range and the 7.72% resistance range every time. It is currently in the range of 7.55%. It may move towards the range of 7.72. This issue can be a negative reaction for the cryptocurrency market. 💹 In case of exiting the box to the top and fixing the limited high of 7.72%, the possibility of growth up to the range of 7.80%/8% can be considered.❗️ It is important to maintain the range of 7.46%/7.43% to continue the trend ❗❗❗ what do you think about it?
CRYPTOCAP:USDT.D
by mehrnaziji
$MATIC - BULLISH but CautiousHello my Fellow TraderZ, #POLYGON ($MATIC) is going inside the Descending Channel Pattern and again got rejected by the Upper Trendline. The recent upward movement was also supported by the RSI momentum which clearly was showing Bullish Divergence. Now I see on 4 HTF price going to come and retest the MA50/200 at the least. Also on 1 HTF, it is clearly visible that Price was maoving inside the Ascening Triangle and broke the Triangle beautifully and again coming to retest. Here my projection for the coming hours/days where we could go to the $0.9 Happy Trading Fam. CHEERS!!!
MLong
by TRADER-GOKU
💲USD / CAD, Continuation of the uptrend, price accumulation💲USD / CAD, Continuation of the uptrend, price accumulation before the move. In the current analysis, we look at USD / CAD. We are currently at key levels, the price area around 1.36 1.38 is a moment of accumulation for this pair, which has been going on since September 26. Today the level of 1.364 was defended, which gave us the confirmation of the Head and Shoulders Pattern. Considering that we are in a long-term upward trend, and the dollar continues to dominate other currencies in terms of strength, which is due to the flight of capital from Europe to America due to geopolitical tensions. An interesting opportunity has arisen and it would be worth taking advantage of. It is also worth mentioning the event that took place today and was the most important event today, i.e. the Core PCE Price Index (MoM) (Aug), which surprised the market consensus by beating expectations and amounting to 0.6% compared to the previous month in which was 0.1%.
Long
by InvestMate
14