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BNB trade set up ideaWeekly time frame analysis BINANCE:BNBUSDT was one of the best performers of the last bull run. BNB retained its value relatively well ("only" -70% from ATH) during the bear market and formed a clear support zone around the 200$ mark from which it seems to currently be bouncing back to initiate the next impulse. The Bollinger bands are very contracted and flat, announcing a strong potential move. Daily time frame After a steep decline in June 2023, BNB is constructing a reversal Head and Shoulders pattern on a strong multi-year support zone. Volumes confirm the psychological construct of this trend reversal pattern. Strategy Buying on a daily close above 235$ Objective 1: Head and Shoulders neckline at 261$ (+12%) Objective 2: Top of the range at 336$ (+45%) Objective 3: ATH at 665$ (+190%) Invalidation Mental Stop: below the shoulder at 220$ If prices retrace to this level we will wait for the daily closing price then set a Stop loss ¼ or Risk below the daily close price. Risk = Distance between Mental stop and entry point.
Long
by pollux3000
9
THE WHALES accumulate in ETH after ETH break the support of 2829$ , the whales start to accumulate in eth in lower price , and soon it will go above the resistance and will countunies the bullish trend , ETH now at false movment down only for accumulation and make ppl sell thier coin , they make boring and false movment only to make ppl fear and sell thier coin , there's small chance for the eth to go down for last move down for the worst case but don't afraid just be patience don't be greedy . don't but your all eggs in one basket this is my analyse it's not a recomandation to buy or sell !!
BITSTAMP:ETHUSDLong
by smocks
LINK trade setupWeekly analysis BINANCE:LINKUSDT was one of the winner of 2021 bull run. After a 90% decrease since the last ATH, LINK built a strong and clear horizontal range which was broken in Octobre 2023 with a strong 300% upward movement. This proves the coin is still under investors' radars. Current situation Since this last Octobre surge, LINK has been consolidating and is now forming a reversal pattern just above the previous range resistance. This pattern seems to be coming to an end (ABCDE waves) with the current attempt to break out. Strategy Buy signal on the clear breakout and daily close above the 12,40$ horizontal resistance line. Objective 1: Next resistance 15$ (+15%) Objective 2: Last swing high at 22$ (+70%) Objective 3: ATH area at 35$ (+170%) Invalidation Mental Stop: just below the latest move upward at 12$ which would invalidate the breakout attempt. This setup proposes a nice Risk Reward ratio. If prices retrace to this stop level we will wait for the weekly closing price then set a Stop loss ¼ or Risk below the weekly close price. Risk = Distance between Mental stop and entry point.
Long
by pollux3000
ADA USDT thesis with RAG AI by Titan_KarmaIntraday Scalping Strategy Analysis for Cardano (ADA): Evaluating Long Positions Amid Current Market Conditions Abstract: This thesis examines the viability of initiating a long position in Cardano (ADA) based on current market conditions, using an intraday scalping strategy. The analysis leverages a combination of technical indicators, real-time data, and sentiment analysis to identify optimal entry points and manage risk effectively. The findings are grounded in a comprehensive evaluation of the market's bullish momentum, positive sentiment, and recent trading patterns, with an 85% confidence level supporting the trade recommendation to initiate a LONG position. 1. Introduction This thesis aims to explore the application of intraday scalping strategies to ADA, specifically under current bullish market conditions. With Cardano's price reaching $0.4406 and a significant surge in trading volume (266.96 million), there are indications of continued upward momentum. However, caution is warranted due to overbought technical indicators. This study identifies strategic entry and exit points to optimize returns while minimizing risk. 2. Background on Cardano (ADA) and Scalping Strategy Cardano Overview: A brief overview of Cardano, its role in the blockchain ecosystem, and the factors driving its adoption. Intraday Scalping Strategy: Definition and explanation of scalping, a high-frequency trading strategy that involves capitalizing on small price movements throughout the day. This strategy is particularly effective in moderately volatile markets like ADA. 3. Data Sources and Market Analysis Coinglass Data: Open interest remains healthy, with a favorable funding rate indicating market participants are predominantly taking long positions. The absence of significant liquidations suggests a stable trading environment. Binance Order Book Analysis: The presence of substantial buy walls at $0.4350 suggests strong support, which could act as a buffer if a retracement occurs. The moderate volatility index indicates a conducive environment for scalping. CoinMarketCap Metrics: A robust liquidity score and stable market cap reflect sustained investor interest, with candlestick patterns pointing toward a bullish continuation. Sentiment Analysis (Augmento and CryptoCompare): Predominantly positive sentiment among traders, driven by recent whale activity and institutional interest, reinforces confidence in ADA's short-term bullish outlook. 4. Technical Analysis of Current Market Conditions Relative Strength Index (RSI): The RSI is above 70, indicating overbought conditions. Historically, this level suggests a potential for short-term pullbacks. Stochastic Oscillator: High Stochastic readings align with overbought conditions, advising caution for new entries until a retracement is observed. Bollinger Bands and Moving Averages: The price is near the upper Bollinger Band, suggesting potential resistance, while the price remains above the 50-period moving average, indicating bullish momentum. MACD: A recent bullish crossover on the MACD supports the continuation of an upward trend, aligning with the current market sentiment. 5. Trade Recommendation and Strategy Position: Open a LONG position if the price retraces to the support level of $0.4350. Entry Criteria: Timeframe: 15-minute intervals to capitalize on intraday movements. Indicators: RSI above 50, MACD bullish crossover, price near the middle Bollinger Band, and moderate volatility. Stochastic Oscillator: Monitoring overbought conditions to identify optimal entry points after a pullback. Exit Strategy: Take Profit: Target set at $0.4500 to align with the next resistance level. Stop-Loss: Set at $0.4300 to mitigate downside risk. Exit Point: Recommended exit around $0.4450 to secure gains while avoiding potential pullbacks. Confidence Level: 85% 6. Risk Management and Market Dynamics Support and Resistance Levels: The $0.4350 level serves as a key support zone. A break below this level could signal a shift in sentiment and invalidate the long trade setup. Volatility and Market Sentiment: Given moderate volatility and high bullish sentiment, traders should remain agile, adapting quickly to changing conditions. Overbought indicators suggest monitoring for potential pullbacks before entering new positions. Correlation with Broader Market Trends: ADA’s price movement remains correlated with Bitcoin (BTC), which also shows bullish signals. Any significant shifts in BTC’s performance could impact ADA’s trajectory. 7. Conclusion The current technical and sentiment indicators provide a favorable setup for initiating a long position in Cardano (ADA). However, the overbought conditions identified by RSI and Stochastic indicators warrant caution. The recommendation is to wait for a retracement to the support level of $0.4350 before entering a long position. The exit strategy, stop-loss settings, and profit targets are designed to optimize returns while managing risk effectively. 8. Future Research Further research could explore the impact of macroeconomic factors on ADA’s price, the influence of whale activity on market sentiment, and a comparative analysis of ADA’s performance relative to other Layer-1 blockchain projects. Additionally, studying the correlation between ADA’s market movements and those of Bitcoin could yield insights for improved predictive models. This thesis provides a comprehensive analysis tailored for traders leveraging intraday scalping strategies, focusing on optimizing entry and exit points in a moderately bullish market environment.
Long
by titankarma
1
BTCUSDT NEXT MOVE 77500 The BTC/USDT pair shows strong bullish momentum, suggesting that Bitcoin could be headed toward a price target of $77,500 in the near term. Several factors are contributing to this upward movement, including positive market sentiment, increased institutional adoption, and growing interest from retail investors. Additionally, technical indicators such as rising moving averages, increasing volume, and bullish price action support the notion that Bitcoin is poised for a continuation of its recent rally. If key resistance levels are broken and support holds, Bitcoin could very well reach this target, potentially signaling a new phase of growth in its market cycle.
Long
by adnanmalik1701
ETH through prism of Fib and Elliot wave theoryHello everyone. Today I will talk about ETH, the one ALT to rule them all. It is best if we look at the big picture and forget about day-to-day movements, news and all the other noise. Let us just look at the chart through basic Fibonacci levels paired with Elliot Wave Theory. First lets go through Elliot waves. Wave 1 started in 2017, first bull run. Wave 2 was in 2018, bear market. Wave 3 2019-2022, bull run. Wave 4 was short bear market in first half of 2022. We are currently in Wave 5. I have added to this chart Trend-based Fib extensions to help predict the possible top. Wave 3 ended just below 3.618 Fib extension. I like to be more on the conservative side so I will be looking for this run to end at max 2.618 Fib extension, which currently projects a price of 13k USD per ETH, making it a potential 4x profit. Remember, this is not a financial advice. This is just my thinking, shared with you. If you like my work, give it a boost and check my other ideas. If you find value in them, subscribe. Good luck!
COINBASE:ETHUSDLong
by carefulCheese32259
Ethereum - Room Higher? Post Election/Risk On Sentiment AnalysisTraders flooded into crypto assets after the risk on environment given by the Trump administration taking office. This is also coupled with last nights FED meeting where some confidence was show around the state of the US Economy. May see Traders start to take some profits, especially if we rise to the next key resistance (labelled). Any falls will provide dips back to key support and Re-entry becomes negotiable. Any further risk on attitude from the Market on this fall would set the course for returns higher to previous highs. Ethereum, unlike BTC has been subdued for a while, now it looks like the tables have swapped at least temporarily and traders are willing to take on more risk (Eth being less stable/invested in than BTC). If you had it long, I'd kill it for gains. If you want to buy, I'd let it fall. Would avoid shorts higher in any large proportion due to inherent risk on both the asset and the Market overall.
COINBASE:ETHUSD
by WillSebastian
Bitcoin BTC price decides where to go nextAlmost all indicators are at extremely critical and decisive points: 1️⃣ CRYPTOCAP:BTC - $68300 2️⃣ BTC.D - 59% and continues to update local highs 3️⃣ USDT.D - 5.25% on the verge of a breakout or rebound upwards 4️⃣ Fear and Greed Index - 73 (greed) 🐳 Blue scenario - a sharp exit from the correction channel and movement towards $77-78k. 💔 Red scenario - correction OKX:BTCUSDT to $64000, and maybe even to $ 61k Vote which scenario you think is more likely. We will supplement this idea with interesting charts and our own opinion after we have 100+ votes.
by P_S_trade
2
XRPUSDT: Consolidation and Potential Breakout SetupXRPUSDT is currently trading around 0.5475 USDT, facing downward pressure from a long-term descending trendline. The price has tested this trendline several times, indicating a strong resistance level that has yet to be broken. A support zone (highlighted in blue) around the 0.5328 level has held strong, suggesting a consolidation phase within this range. If XRP can maintain support and consolidate further, a breakout above the trendline could set the stage for a bullish move, potentially targeting 0.60 USDT or higher. However, if the price fails to hold the support zone, we may see a pullback to lower levels. Traders should watch for a clear breakout from this descending resistance or a confirmed hold of the support to determine the next move.
Long
by Sanhara
One of three destinies for ETHUsing bar patterns of past ETH bull runs juxtaposed with the current moment. On chart display is the Ichimoku cloud modified for crypto settings and a wave of exponential moving averages. With resistances at 2924 - 2956 one could have one of three possible destinies labeled A,B and C. Situation A is the beautiful bull run heaven every ETH fan boy dreams of. With the current election of a pro-crypto candidate for the presidency this scenario could manifest due to the push in excitement. Situation B is a break of the resistances upwards to later trade flatly but ultimately come down below resistance again. Situation C is a rejection off the support with a bounce of the nimble clouds.
BITSTAMP:ETHUSD
by fjvannini