Tether
Harmony (ONE/USDT) on the 1-hour timeframeTechnical Analysis by Blaž Fabjan
Price Action:
The price is currently trading around 0.00928 USDT, showing a slight decline.
The chart indicates a possible downtrend that has been ongoing, but there is a blue arrow suggesting a potential bullish reversal.
Support and Resistance Levels:
Several resistance levels are marked in orange bands, indicating potential selling zones as the price moves up.
The nearest support level is around the current price, with historical data suggesting that price action has interacted with this level multiple times.
Volume:
The volume is relatively steady, with a recent uptick suggesting some buying interest at lower levels.
Indicators:
WMG Cipher & Divergences: Shows a mix of signals, but the green dots at the bottom indicate potential bullish divergence, suggesting a possible upward movement.
RSI (Relative Strength Index): The RSI is at 26.78, which is in the oversold territory, suggesting a potential bounce or reversal.
Stochastic RSI: The Stochastic RSI is also in the oversold area, with a value of 31.87, suggesting the market may be due for a bullish correction.
Overall Sentiment:
The chart suggests a possible end to the bearish momentum with signs of potential bullish reversal. The combination of oversold RSI and Stochastic RSI, along with bullish divergence signals, supports this view.
Trading Plan:
Intraday Trading:
Strategy: Look for a potential bounce from current levels. If the price action shows a bullish reversal pattern (like a hammer or bullish engulfing), consider entering a long position.
Entry Point: Around 0.00928 USDT or slightly above after confirmation of reversal.
Stop Loss: Set a stop loss just below the recent low or below 0.00900 USDT to protect against further downside.
Take Profit: Consider taking profit near the first resistance level around 0.01000 USDT.
Scalping:
Strategy: Capitalize on small price movements within the range.
Entry Point: Enter long positions on pullbacks or near support levels.
Stop Loss: Use tight stop losses, such as 0.00915 USDT.
Take Profit: Aim for quick exits at minor resistance levels, such as 0.00950 USDT or 0.00970 USDT.
Scalping Tips: Monitor the market closely and exit positions quickly when resistance levels are reached or momentum slows.
Swing Trading:
Strategy: Take advantage of the potential medium-term reversal.
Entry Point: Enter a long position if the price confirms a break above the downward trendline and sustains above 0.00950 USDT.
Stop Loss: Set a wider stop loss below the major support level, such as 0.00900 USDT, to allow for price fluctuations.
Take Profit: Target higher resistance levels, such as 0.01100 USDT or 0.01250 USDT, based on the resistance bands.
Conclusion and Advice:
For Long Positions: The indicators suggest a potential bullish reversal, but confirmation is crucial. Wait for clear signs of a reversal before entering a long position. The overall sentiment leans towards a recovery, but risk management is essential.
Risk Management: Use stop losses to protect capital, and consider scaling into positions gradually rather than committing full capital at once.
Advice: Keep an eye on volume and market sentiment for additional confirmation. Be prepared for potential volatility, especially near resistance levels, and adjust your strategy accordingly.
Trading Signal For RUNEUSDT Trading Setup:
A Trading Signal is seen in the RUNEUSDT THORChain (4h) (futures)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 4.600
⭕️SL @ 4.185
🔵TP1 @ 6.000
🔵TP2 @ 7.350
🔵TP3 @ 9.535
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
#USDT.D This is what you need to know!#Tether is facing multiple daily rejections. As long as we stay below the red resistance zone, altcoins will experience some relief while BTC will move within a narrow range.
Close above this resistance could push BTC below 64k.
Keep an eye on the 5.05% level.
Let me know what you think in the comment section and do hit the like button if you like these short updates.
Follow me if you haven't yet!
#PEACE
Market update: Relief or more Dump?USDT dominance is currently hitting three major resistance levels:
1. 100 EMA (blue)
2. 50 SMA (red)
3. 8-month-old trendline resistance (blue)
This confluence of resistance makes this level crucial. Taking into account the channel breakdown and retest, a rejection seems more likely at the moment, suggesting a potential market relief rally.
Invalidation:- Close above the red zone.
dyor, nfa
Do hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
NOTUSDTNOTUSDT is trading inside the symmetrical triangle . The price is reacting well the support and resistance of symmetrical triangle.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 0.02600
What you guys think of this idea?
Trading Signal For FLOKIUSDT Trading Setup:
There is a Trading Signal to Buy in FLOKIUSDT FLOKI
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.0001720
⭕️SL @ 0.0001400
🔵TP1 @ 0.0002775
🔵TP2 @ 0.0003565
🔵TP3 @ 0.0004600
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
Trading Signal For PEPEUSDT Trading Setup:
There is a Trading Signal to Buy in PEPEUSDT Pepe
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.00001085
⭕️SL @ 0.00000745
🔵TP1 @ 0.0000199
🔵TP2 @ 0.0000250
🔵TP3 @ 0.0000298
previous signal
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your likes 👍 and comments .
USDT.D% will ⚔️Attack⚔️ to Support zone again💡One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status.
💡If USDT.D% falls, we can expect the cryptocurrency market to start rising ( not all tokens, of course ).
📈From the point of view of Classical Technical Analysis , USDT.D% looks like. It has succeeded in breaking the lower line of the Rising Wedge Pattern .
🌊According to the theory of Elliott waves , USDT.D% has successfully completed the Zigzag(ABC) correction , and we have to wait for the next 5 falling waves .
🔔I expect USDT.D% to at least fall to the 🟢 Support zone(4.72%-4.53%) 🟢.
Market Cap USDT Dominance% Analyze (USDT.D%), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
#USDT Important update , Must Read!🚨 Key Alert for #USDT 📈 : Keep this chart in your sights!
A sustained break above this crucial level could signal extended bearish trends in the market.
Expect red in the coming weeks, perhaps even months if this happens.
Regardless of the current altcoin trends you're observing, the data on this chart could significantly alter almost any bullish interpretation you encounter.
It's crucial to remain vigilant and always seek confirmation before executing any trades.
While my previous charts suggest a potential for further upward movement, the extended timeframe for this development is leading me to reconsider—perhaps a correction is looming.
However, a false breakout followed by a breakdown is all people are wishing for a green market!
I know I've been posting this USDT chart more often so you understand the significance of this chart. I hope you appreciate that with a simple like!
Please Do your own research (DYOR); this is not financial advice.
Stay tuned for more updates!
#Crypto #Bitcoin
Stay safe
#PEACE
#USDT Tether Update and Altcoins!#USDtether Considering this scenario plays out, you'll see green across the market, especially Altcoins!
I am working on a list of Altcoins you must consider adding to your portfolio with charts and deep fundamental analysis.
Previously the Alts like CREO ML ORAI AITECH did 5x to even 40x!
If you want me to make it public, like this post and retweet.
200 likes, and I'll consider posting the private list of gems!
#Crypto #Bitcoin #USDT
#USDTD 's bounce?#tether dominance chart is now on the ichimoku cloud support. Breaking this support will move #usdt dom. to lower orange box (Retest zone).This move will be good for #bitcoin #eth #sol #bnb #doge and all #altcoins .
If #usdtdom bounces here and continues rally, #btc and all #altcoins will suffer. Not financial advice.
PEPEUSDTPEPEUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 0.000009500.
What you guys think of this idea?