JAZZ downtrend intactWe can observe how the price continues to decline within the descending channel. Current pullback might present a solid RR selling opportunity.
Trade-setup
EURPLN updated trade ideaPreviously we shared EURPLN short trade setup, which was closed at break even. This time is a new setup with different downside target.
Premium Long Trade Setup: DUSKUSDTToday, I’m excited to share our premium long trade setup for DUSKUSDT. Let’s start by focusing on the critical $1.45 support level, where we observed a clean rejection of the 161.8% Fibonacci support. This rejection is a strong positive signal, indicating a potential trend reversal for DUSK.
Currently, we see the completion of a 5-wave move to the upside, which confirms that this rally is not merely an ABC correction. With the 5-wave structure complete, it’s logical to anticipate an ABC correction to the downside.
We’ve strategically placed our buy limit order at $0.2211, offering a robust 1:3 risk-reward opportunity. Additionally, we’ve set three upside targets. Upon reaching the first target, we plan to secure 50% of the profit and simultaneously eliminate the trade’s risk. This approach allows us to manage the trade with confidence, knowing that we’re in a strong position for potential gains.
Let’s monitor this setup together and enjoy the process. Happy trading!
Prime Opportunity: Golem (#GLMUSDT) Major Bullish Move!I’m excited to share a trade setup for my favorite coin at the moment: Golem (#GLMUSDT).
Both the GLMUSDT and GLMBTC pairs are showing extremely bullish potential, and the price action is aligning perfectly with our trading strategy.
Key Points:
*Elliott Wave Pattern: The current chart reveals a compelling Elliott Wave pattern. Notably, wave 5 hasn't commenced yet, presenting an excellent buying opportunity, especially with the recent completion of the ABC correction.
*Perfect Pullback: This recent pullback is exactly what I've been waiting for. It marks the end of the correction phase and the beginning of a potential new upward movement.
Trade Setup:
*Entry Triggered: Today, my trade setup was triggered, offering a solid 1:3 risk/reward ratio. The current setup is highly favorable for entering a long position, capitalizing on the anticipated wave 5.
Conclusion:
Bullish Outlook: The bullish sentiment for Golem is strong, and this setup provides a promising opportunity for substantial gains. If you follow this trade, you might be thanking me later.
Happy trading!
Bullish trade setup in REC LtdThere are 2 points to be noticed in the daily chart of REC Ltd
1. There was a breakout from the downtrend on 26th April
2. The resistance was broken on 2nd May but then we saw a selling pressure in the stock but the candle made today is a decent bullish candle and this could be a breakout as well.
Can buy for targets of 570 & 590.
Educational purpose only
EURUSD Top Down Analysis Long Term BearishWe see that the pair is overwhelmingly bearish. But is there is chance for a little bit of bullishness in all of these...?
Watch the video to find out.
Anticipating Explosive Growth for SUIUSDT🔅SUIUSDT has showcased significant respect for the $0.51 demand zone, highlighting a crucial support level within the price action. Concurrently, a notable surge in volatility suggests an imminent explosive move in the near future. Analyzing the current price dynamics, particularly the bounce observed from the demand area coupled with the formation of higher highs (HHs) and higher lows (HLs) pattern, strengthens our expectation for a substantial growth surge.
🔅Our upside target aligns with the 78.6% Fibonacci retracement level, correlating with a previously established supply area. Achieving this target could result in a robust 50% gain. We've already shared our comprehensive trade setup in our channel, positioning ourselves to capitalize on this potential opportunity.
Hit All TPs, 13.47% to 269.4% in 3 daysOK guys, Hit All TPs and this are profits:
Spot and 1X Future: +13.47%
2X: +26.94%
3X: +40.41%
4X: +53.88%
5X: +67.35%
10X: +134.7%
20X: +269.4%
This is the power of SRM.
If you want to hold it (10 - 20% of your position) I'll tell you new TPs.
OGNUSDT View on Projected 150% UpsurgeOGNUSDT exhibits a clear uptrend pattern with consistent higher highs (HHs) and higher lows (HLs). The price maintains respect for the uptrend trendline, with the Demand/Supply zone transitioning into a reliable support area.
Our perspective suggests a substantial potential price increase for OGN, positioning it as one of our top coins for investment currently. Not financial advice, but our view indicates the potential for over a 150% surge in the coming months.
AAVEUSDT 100% UpsideAAVEUSDT has established a significantly vast demand zone adjacent to the $50 psychological level, consistently respected over four consecutive instances, emphasizing substantial buying pressure within this zone. Preceding the recent bounce, AAVE broke above a downtrend trendline, signaling readiness for further upside potential. Subsequent to a robust correction and the last retest of the $50 support, a formation of higher highs and higher lows has become evident, indicating a bullish reversal.
The $80 supply zone has transformed into a demand area, witnessing a bounce off the average-price uptrend trendline. Presently, AAVEUSDT appears poised to initiate a significant rally. Overall, our projections anticipate a 100% price surge from the most recent demand area. This surge is aimed towards the 361.8% Fibonacci retracement level, aligning with the top of the extended ascending channel.
USDJPY Looking BearishOn the Monthly chart, this pair is currently retracing bearish inside a Bullish PB.
On the Weekly, we can see that this pair is in a large bearish grind. We sent out a bearish analysis a few weeks back. If you didn't see it, be sure to take a look at it.
Let's go further down in our analysis of this pair.
On the Daily Chart, this pair has continued its bearish push, and it is currently holding 3 PBs to the downside. The story is not different on the 4-hour chart. The market is making 5 PB down on the 4 hour chart, and 4 PB down on the 1 hour chart. It is not very often to find a pair that aligns on bias across all of its timeframes. Here is a rare exception.
To take our trade, we will be waiting for price to retrace bullish into our refined zone. When that happens, we will look to jump on the trade using the Panz Pips trader checklist.
Near 1000 Pip Dip ExpectedThe EURUSD has been pushing bullish for a while now. On the Weekly chart, we see that the market has been in a down swing that started on July 17, 2023. The market dipped to form a low at 1.0446, following which it began to retrace bullish on October 4.
Since October until now, the market has gone through a bullish retracement. Upon seeing the retracement, we were able to find and mark our order block and refine it to the expected reversal zone.
Last week saw prices come into our zone and push away in a bid to commence the reversal. If this perspective holds, this pair is expected to dip all the way down to take out the liquidity target at 1.4663 and push beyond it.
This down extension push is expected to give us a push in excess of 700 pips and can push as far as 1000 pips and more.
SUSHIUSDTBullish Bias and Potential 70% Price SurgeSUSHIUSDT recently marked a decisive break above a descending channel, signaling a significant shift in price dynamics. Preceding this breakout, the price consistently respected both a minor and a major demand zone, indicating robust bullish pressure within the market. Further reinforcing this bullish bias is the clear bounce observed from a simple uptrend trendline, coupled with a distinct formation of higher highs (HHs) and higher lows (HLs) pattern.
Considering these bullish confirmations, there's a higher probability of the uptrend's continuity, potentially leading the price towards a massive supply zone formed back in 2022. Upon reaching this supply zone, it could signify a noteworthy 70% price increase for SUSHI.
FXSUSDT Bullish Signals and Price Surge ExpectationsFXSUSDT has recently demonstrated compelling bullish movements, showcasing a transformation of two previous supply zones into demand areas. This shift, coupled with the presence of a consistent higher highs and higher lows pattern, reaffirms the underlying bullish trend.
Anticipating an over 80% surge in the coming weeks, today might mark the inception of the anticipated uptrend. The combination of these bullish signals suggests a strong potential for substantial growth in the near term.
SXPUSDT Double Fibonacci Resistance and Potential GainsSXPUSDT showcases a transition from supply to demand zones, successfully respected within its price action. Notably, the bounce off the 61.8% Fibonacci retracement level, coupled with the subsequent rebound from the 38.2% support and the clean bounce off the simple uptrend trendline, indicates the initiation of an upward wave.
As a result, our forecast anticipates SolarNetwork to persist in its upward trajectory towards the double Fibonacci resistance area near $0.54. Should this level be attained, traders and investors could secure a solid 30% gain.
XRPUSDT at least 20% UpsurgeXRPUSDT appears poised for a potential jump, evident in its adherence to the uptrend trendline and critical demand zone near $0.56. The recent decisive bounce off the 78.6% Fibonacci support amplifies the probability of a rapid upside swing.
Our trade signal suggests a swift movement towards the $0.73 resistance area, supported by a double Fibonacci level. Should this scenario unfold, Ripple might witness a minimum 20% price increase.
EGLDUSDT Probabilities for a 60% UpswingEGLDUSDT persists in honoring the uptrend trendline, maintaining movement within a long-term ascending channel. Notably, the previous supply zone has transformed into a respected demand area, significantly bolstering the likelihood of sustained uptrend continuation.
This favorable price action significantly heightens the probability of a 60% price surge in the imminent days or weeks. The key resistance at the $75 area, validated by a double Fibonacci level, stands as a crucial indicator for potential price movements.
In summary, EGLD appears notably positive at this stage, with an evident uptrend, demand zone validation, and potential for significant growth.
NEARUSDT Potential: Predicting a 76% Rally🔅NEARUSDT recently broke above the wedge pattern, accompanied by breaching the long-term downtrend trendline. This move was followed by a significant transformation from supply to demand, evident in the market's response to these zones.
🔅The most recent pullback halted precisely at the 61.8% Fibonacci retracement level, highlighting substantial buying pressure at this critical level.
🔅The current indications heavily favor an uptrend continuation, setting the stage for an anticipated substantial 76% price increase in the coming weeks. As usual, we'll be sharing a comprehensive trade setup in our channel to capitalize on this potential opportunity.
PHBUSDT Bullish Signals and 86% Potential SurgeOver the past three months, PHBUSDT has established an uptrend, characterized by higher highs (HHs) and higher lows (HLs) pattern, indicative of a sustained bullish trend. Concurrently, the demand zone near the psychologically significant price of $0.6 has been effectively defended by buyers, solidifying its significance within the price action.
Yesterday, on a daily timeframe, the recent pullback halted precisely at the 38.2% Fibonacci support level, presenting extremely positive news for buyers. We have already shared trade setup in our dedicated channel and will update it when/if needed.
Overall, our analysis projects a potential rise towards the 427.2% Fibonacci retracement level, signifying a substantial 86% growth for PHBUSDT.
Don't Miss Out on APEUSDT's Upcoming Gains!APEUSDT: Unveiling the Next Profit Potential
🔅APEUSDT is poised to become the next major winner, as per our meticulous analysis. While we can't divulge all the details just yet, it presents an ideal buying opportunity on the technical front.
🔅Firstly, an intriguing transformation unfolds as the supply zone seamlessly transitions into a demand area, resulting in the creation of a new higher high. The ongoing pullback journey now finds APE brushing against a crucial uptrend trendline, thus unfurling a compelling buying opportunity coupled with a favorable risk-to-reward ratio.
🔅Rest assured, we've already posted the entire trade setup in our dedicated channel and will provide timely updates as the market dictates. As it stands, our sentiment remains overwhelmingly bullish on APEUSDT.
DYDXUSDT Demand Formation and Potential UpsideDYDXUSDT exhibited a significant breakthrough, breaching the resistance trendline, which subsequently transitioned into a support trendline. Concurrently, a notable formation of a demand zone near the psychologically critical level of $3.00 became apparent. Following a bounce off the support trendline, DYDXUSDT managed to surpass the downtrend trendline, potentially forming a double bottom during the current pullback phase.
This specific price action indicates a potential focal point for buyers, particularly as the price respects this demand area. Maintaining this level of support leads us to anticipate a retest of the $4.4 supply zone.
