$SNX - On the Bullish EdgeHello my Fellow TraderZ,
$SNX is coming to the Edge of the FALLING WEDGE Pattern.
We can easily see the Bullish divergence spotted on 4 HTF RSI.
We need to wait for the Pattern Breakout an the crossing of the EMA55 with decent volume.
Good to trade with minimun 10% - 25% TP.
Trae well my Fam. CHEERS!!!
Technical_analysis
Bulls and Bears zone for 09-28-2022Overnight session, market has been trading in a range, perhaps sellers are aggressive.
Any test of yesterday's Fibonacci 50% range could provide direction for the day.
Level to watch 3684 ---- 3682
Reports to watch :
US:Pending Home Sales Index
10:00 AM ET
US:Jerome Powell Speaks
10:15 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
$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!!!
$TRB - Double Bullish DivergenceHello my Fellow TraderZ,
$TRB is ranging inside a FALLING WEDGE Pattern on 4 HTF.
I've mentioned here that the Double BULLISH DIVERGENCE is in formation on 4H RSI.
Price is just getting hit by EMA 55 if clears and breaks out of the Wedge Pattern, we can see the mentioned targets.
Also if we lose $14.7 , look for SHORT,
Trade well FAM. CHEERS!!!
$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!!!
$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!!!
$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!!!
Bulls and Bears zone for 09-21-2022Yesterday's late afternoon rally seems to be getting weak during ETH session .
Any test of yesterday's High could provide direction for the day.
Level to watch 3892 --- 3890
Reports to watch:
US:Existing Home Sales
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
$NEAR - Approaching the Major WEEKLY SupportHello my Fellow TraderZ,
Today I'm up with the Weekly chart of $NEAR .
This is one of the TOP L1 and must-bagged project in the portfolio. Despite of the Bear Market, #NEAR team is constantly active and keep working to attract investors around the world.
Besides Fundamentals, here we see that the price is coming to the Major WEEKLY Trendline SUPPORT. And currently being held by the Daily Horizontal Support Area.
If price holds the TL, I'm expecting the price to move higher to test the Downward TL ~ $4.8.
If fails to hold the TL support, our First local Support will be ~ $3 and next Important area will be $2.
Try to DCA in the zone of $2 if reaches, as I see myself Optimistic about this L1 seeing their constant efforts.
Till then Happy Trading FAM. CHEERS!!!
Next Top Is...Minor wave 1 may have finished today, slight chance of it finishing if a new low occurs shortly after the open tomorrow. For now, Minor wave 1 was 3 days. Wave 2 will likely be similar in length. Historical relationships point to a possible top around 4000.
There is not much news until the Fed so we could meander upward for a few days while we wait. I do expect Minor wave 3 to be a very sharp drop in the order of 300+ points over 3-6 days which would be fueled by a larger than expected Fed hike and/or hawkish comments afterward.
Minor wave 1 has been eventful so far, we shall see what happens next.
BTC update 4H TF Bulls are still looking WEAK!!!Firstly let's understand this:
BTC is moving in 4-year cycles due to the Halving event which reduces bitcoin mining by 50% after each halving.
This serves the reason for an Upward rally 📈 as from its diminishing supply.
> Currently Bitcoin price is now trading below 20.0k
> Bitcoin weekly candle closed in green but this candle shows that Bulls are still weak.
> Bulls have been facing constant resistance at the 20k price level.
> Constant and continued rejections could push Bitcoin price to trade near the 18k support level.
If we do not hold the support at 19.6k, then we will be looking for another leg down 📉
Good news - most probably it will be the last bearish impulse.
If BTC gains sufficient volume at re-test of lower level and bounces back up most probably we will see it move up to 21-21.5k where will be the first portion of sellers.
Personal POV:
For better trades I see it's better to accumulate BTC and some strong project altcoins in the current market conditions and scalp short-term moves with a low risk.
🚨Market Update:
Total Weekly Crypto Asset flows have recorded for the first time in the last 4 weeks a net positive of $9.2 million, which is extremely small in comparison with previous weeks, and most of the volume has come from short investment products, however, this is one of the signs we were looking for before the next move.
ETH has been trending higher the past few days (MERGE Effect? )ETH is now trading near 1650$ .
It is moving inside a rising channel on 4H time frame.
Now there are two scenarios:
1- ETH breaks down the channel then that is short term Bearish signal for ETH and it can test 1476$ - 1400$ level.
2- ETH holds the lower support zone of the channel then it can again go for upper resistance line of the channel and potentially break it.
Pick the direction according to the side of breakout.
On the daily time frame we can see that ETH is trading in an accumualtion "livermore" cylinder with targets are 2500$ and 3300$ . Invalidation of the pattern is below 1400$ .
At the moment it looks like compression is coming to an end and breakout will happen 👀
Current Resistance area between:
> 1680
> 1700
> 1790
Personal POV:
Looking for a test of the 1700$ area, hoping for a breakout toward 1800$ as continuation🤞
BTC MarketAction Analysis (Techno/Funda Analysis)After breaking its ascending channel that lasted for about 2 months, BTC fell in a falling wedge from the 25,000 to 19,500.
Now BTC is in its demand range and according to the importance of this level which has the potential to reverse price, and the orders available in this range, there are 2 scenarios:
Bullish scenario : It is possible that if the demand increases in this range, the price will rise to the $25,000 range.
Bearish scenario : considering the macro factors ( Economic Data, Inflation, War, Political conflict about the JCPOA which can lead to gas shortage in upcoming winter) and also the price ranging at this level unlike the previous times, if demand decreases and sell pressure increases, we may once again see the price drop to the 17,500 and if it does not hold above this range there is a possibility that the next support will be seen at the 16,400 range.
Stock ideaAlliant Energy Corporation LNT: Daily and 4h Charts indicate that the stock could be close to a potential breakout to the upper side. The stock has solid support level in the range $58 - $69, which could be low-risk entry point. The upside however looks attractive, especially if the stock would move above $65 - $66. Why could we expect positive moves in LNT? First, the company belongs to electric utilities industry, which is so far one of the top performing industries ytd. Second, with strong 1H/2022 financial results, LNT currently tracking toward the upper half of 2022 earnings guidance range of $2.67 to $2.81 per share. Third, seasonal demand for electricity and natural gas should serve as positive catalyst for the stock to move higher in the next months (ahead of winter season). In addition, LNT has sufficient liquidity; low short interest and dividend yield of 2.3%. And also positive rating on the stock market. Given high gas prices during July-August, we anticipate that LNT should demonstrate solid financial results for 3Q/2022, which are scheduled for release in November 2022. We consider LNT as a good bet for swing trading, especially if to catch the stock at an attractive entry point around $58 per share. Today’s weakness in natural gas price, could open an opportunity for a good entry into the stock.
Bulls and Bears zone for 08-31-2022Market is trying to rally during ETH session to break trend of last three down days.
Ant test of ETH session High could provide direction for the day.
Level to watch 4020 --- 4022
Reports to watch:
US:Chicago PMI
9:45 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
⚡️BTC DAILY UPDATE⚡️As BTC broke below the significant lower trend line support and it's forming a scary picture currently from the bulls' perspective.
Here bulls need to take charge and we need a daily close above the lower trend line resistance to grow above the price level of $25k.
If the Current candle closes below the resistance level then it can move down again towards the lower price level of $18500 which is also a support zone and it needs to hold it.
Let’s see how it goes in the upcoming hours and whether it will be able to move upside down or not.
Thank you.
⚡️ETH 4HR CHART UPDATE⚡️Hello, traders welcome you all to this exclusive ETH 4hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
After printing a bullish divergence at lower trend line support ETH was able to move upside by 10% already and it's currently trading above the green support zone.
In a shorter time frame, ETH broke above the triangle pattern upside and printed some potential to move upside towards the upper trend line resistance in upcoming candle formations.
Let's see how it goes in the upcoming hours.
Pin our channel at the top for this type of quick update.
Thank you.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you
Bulls and Bears zone for 08-24-2022Value traders are trying to put a rally together during ETH session, can they keep the momentum going.
Any test of yesterday's LOW could provide direction for the day.
Level to watch 4123 --- 4121
Reports to watch:
US:Pending Home Sales Index
10:00 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
⚡️TETHER/DOMINANCE 4HR UPDATE⚡️Hello, traders welcome you all to another chart update on USDT DOMINANCE.
If you are reading my update for the first time hit the like button follow and comments in the comment section if you find this analysis helpful.
As we can see the above-mentioned that USDT dominance currently trading below the resistance level of the parallel channel and the green resistance level after a continuous sharp gain of 15%.
Here USDT dominance needs a rejection from bulls' point of view to bring some green relief to bulls.
The break above will be more unsatisfactory for bulls at this stage.
Let’s see how it goes in the upcoming hours.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.