Trend Analysis
Update to Dogecoin Broadening Wedge.It's been quite the ride eh? lol As we near February, I expect everything to be very volatile. Dogecoin still has bullish volatility on the Weekly while developing a gnarly Bullish Pennant Pattern on the Daily. Both measurements lead Dogecoin possibly reaching 1.85. But if the Bullish Pennant doesn't hold and we break the .382 Fib.. expect pullbacks to .236. Stay Frosty and Good luck
$ATOM: Potential for Reversal?
🔎 The chart shows an interesting fractal that may indicate a possible future price movement. After the correction phase, the price has reached a key support level in the green zone. If this level holds, we may see a rebound and growth to $15.76.
📊 Key Points:
Support: Zone $6.18–$6.30 (protection against further decline).
Target: If the reversal scenario is confirmed, the potential move is up to $15.76.
Action: Study the chart, identify your entry and exit points.
⚠️ Remember Risks: Always consider that the market can go against the expected scenario. Use stop-loss to minimize risks.
The Market Matrix - Gold, Crude, Nasdaq & DXY for Jan 26 2025This weeks edition of The Market Matrix.
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XRP has found its fly zone! XRP has blasted through the 0.5 Fibonacci resistance level at 3.11!
This "breakout" (lets not get too excited here LOL) signals a potential trend reversal and further upside for this popular crypto.
Here's what the chart tells us:
Breakout: XRP surged past the 3.11 resistance with bullish momentum and has maintained price above it for a number of hours.
Fibonacci Confirmation: The 0.5 Fib level often acts as a significant pivot point, and breaking above it adds to the bullish case.
Potential Uptrend: This breakout could mark the beginning of a new uptrend for XRP.
Next Targets: Keep an eye on the next Fibonacci extension levels (0.618, 0.786) for potential price targets.
What's fueling the impending surge?
Several factors could be contributing to XRP's recent strength, including:
Positive market sentiment: The overall crypto market has been showing signs of recovery, with Bitcoin leading the way.
Increased adoption: XRP continues to gain traction in cross-border payments and other use cases.
Favorable regulatory developments: Recent regulatory clarity in some jurisdictions could be boosting confidence in XRP.
Trade Idea:
Entry: Consider entering a long position on a pullback to the 3.11 level (now acting as support). (this is my ideal entry place)
Stop-loss: Place a stop-loss below the recent low or the previous resistance level.
Targets: Aim for the next Fibonacci extension levels.
**Disclaimer:** This is not financial advice. Always do your own research and manage your risk appropriately.
#XRP #Crypto #TechnicalAnalysis #Breakout #Fibonacci #Trading
Reef correction is almost finished. 1000% to 3000% is on stake.Price dropped as expected in my another Reef idea but went little bit lower. I think the bottom has been reached but don't be surprised if by the end of january price visits 0.00025 one last time before going higher.
You can see Target levels on the right chart. There are two major liquidity points:
- at 0.004
- at 0.0082
Price targets measured from the bottom 0.0025 could reach up to 3000% in the next 2-3 months.
Easy trade. No need to panic or rush anything. Patience is the key.
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