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Technical_analysis

$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
$SOLANA - Back in Bullish TerritoryHello my Fellow TraderZ, So here we have $SOL today which is trying to hold up here after breaking the Trendline. Few more candles above the Resistance will clear the line for LONG Signal. Also see the Inverse Head & Shoulder Pattern, which is still validate and post- breakout the price is retesting the neckline. All eyes on Powell Feedback about #CRYPTO's future now till then waiting before any further trade. Happy Trading Fam. Cheers!!!
Long
by TRADER-GOKU
$BNB - Will it Break the Trendline ?Hello my Fellow TraderZ, Most of the #ALTS presently coming to the Dynamic Trendline RESISTANCE and one such is $BNB, native token of BINANCE exchange. As you can see $BNB has approached the Trendline Resistance Zone for the 5th time. On previous occassions it has rejected from this Resistance Zone. Will this time be different? May or may not be. Currently holding the $260 Support Zone incredibly well on DTF. I'm expecting here a move upside to the $300 or $330 in the short term if Breakout occurrs. I'm little bit inclined towards breakout as #bnb is making its ALL TIME HIGH against Bitcoin, see below : So we may see that upside move but again only if breaks and gives a Daily candle close above the Trendline. Interesting to see how it acts further. Till then Happy Trading FAM. CHEERS!!!
by TRADER-GOKU
$CAKE - Just Taste ItHello my Fellow TraderZ, After June lows, $CAKE has been ranging inside an ASCENDING TRIANGLE on Daily Time Frame and continously maintaining the Higher Lows. Previous Daily candle closing was Pin Bar pattern with decent Volume. Now the price is trying to attempt the Breakout of the Triangle, all we need is greater Volume bars than previous one. Hence this breakout will be valid. Keep it in the Radar and enjoy the Trading. Target mentioned on the chart. Happy Trading. CHEERS!!!
Long
by TRADER-GOKU
4
$ALGO - Time to GOAL Hello my Fellow Traderz, With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship. I have already made an analysis on one such token in one of my previous ANALYSIS. Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs are burning the fuel for the leg up as the tournament is about to start. $ALGO ha already broke the Trendline Resistance 1 with solid amount of VOLUME which indicates that this Breakout is Valid. Now approaching towards Trendline R2. Also the Horizontal Resistance of $0.42 lies there. Break above $0.49 we do not have any resitances meanwhile and we could easily reach the next Major RESISTANCE Area of $0.70-$0.75. Happy Trading my FAM....CHEERS!!!
Long
by TRADER-GOKU
4