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Bitcoin Overall: Buying lvlsBitcoin failed to quickly make an all-time high, I suggested a consolidation of around a day was reasonable but much more than that would result in a deeper correction before breaching the all-time high. If there's a significant retracement to the upside from these levels, I would expect the first buying zone to hold, if this currently is the extent of the retracement, I'm personally more interested in the lower levels, the highest of the lower levels essentially.
by Ian_Carsen
TRUMP/USDT Gate.io - Updated Chart with trendline and patternLast night, it dropped and then made a bearish consolidation inside the base, the downward target paid off after being accompanied by BTC dropping as well. The current price level is the downside target of the bearish consolidation. when the drop earlier made PO3 from the falling wedge managed to reclaim fibo 382 which means market sentiment is still good. prediction of this base pattern Descending broadening if calculated from the last falling wedge, the upside target is right at the 3rd Resist. later after the 3rd resistance there is a minor/major reject first before breakout main target to fibo 2,618 if there is still a continuity pattern it means 200$ is possible
by beruangjungkirbalik
"the #1 crypto to look out for during this Bitcoin rally"Its been a crazy start for 2025. Yesterday I visited a local shop hoping to fix my smart phone. For the life of me I never thought it would get damaged in such a manner I was so careless as I looked after it. Passing out in my sleep at night with my phone on the bed and then waking up finding it under my shoulder. Next time I won't sleep with my smart phone.Anyway smart phones are not strong. XRP is the #1 crypto to look out for during this Bitcoin rally to new highs. Trade safe. 🚀 Rocket boost this content to learn more Disclaimer ⚠️ Trading is risky please learn Risk Management And Profit Taking Strategies because you will lose money wether you like it or not. Also learn how to use a simulation trading account before you use real money.
BINANCE:XRPUSDLong
by lubosi
A Clear Cup and handle formation on Solana.When a chart pattern forms a Cup and Handle, it typically signals a bullish continuation pattern, suggesting that the price is likely to break out to the upside after a period of consolidation. This pattern is commonly seen in stocks, cryptocurrencies, and other financial assets. Key Characteristics of the Cup and Handle Pattern: Cup Formation: The price gradually declines, forming a rounded bottom. This phase indicates accumulation and consolidation. Volume usually decreases during the cup formation. Handle Formation: After the cup, a small downward drift (handle) forms, representing a pullback. The handle is usually a short-term consolidation before a breakout. Volume typically contracts further during this phase. Breakout: Once the price breaks above the resistance level (the cup’s rim), a bullish move is expected. Volume should ideally increase significantly during the breakout. Trading the Cup and Handle Pattern: Entry Point: Enter a trade when the price breaks above the resistance (the highest point of the cup). Some traders wait for a retest of the breakout level for confirmation. Stop Loss: Set a stop loss below the handle's low or the cup’s bottom to minimize risk. Profit Target: Measure the depth of the cup and project that distance upwards from the breakout point. For example, if the cup depth is $10, the expected price target after breakout would be $10 above the breakout level. Limitations of the Pattern: False breakouts can occur, leading to losses. The pattern works better in strong bullish market conditions. A prolonged handle could indicate market hesitation and invalidate the pattern.
Long
by Abstaina44
ETH/USDT: Preparing for a Key Breakout from Descending WedgeEthereum (ETH/USDT) is consolidating within a descending wedge, a pattern that often precedes a bullish breakout. Here's an in-depth analysis of the setup: 1. Price Structure and Trend Overview: The price has been consistently respecting the wedge boundaries, with a well-defined resistance line near $3,400-$3,450 and a critical support zone around $3,200. Multiple "Change of Character" (CHoCH) points in recent sessions indicate significant battles between buyers and sellers, signaling potential momentum shifts. The larger trend remains neutral-to-bullish as ETH holds key supports and continues to form higher lows on the longer timeframe. 2. Momentum Indicators: RSI (Relative Strength Index): Currently hovering near 50, indicating a balance between bullish and bearish forces. No oversold or overbought conditions are evident, but bullish divergence could emerge as ETH approaches the wedge apex. MACD (Moving Average Convergence Divergence): The MACD line is close to crossing the signal line on the 4-hour chart, which would signal bullish momentum. Histogram bars are narrowing, suggesting a breakout is imminent. ADX (Average Directional Index): ADX remains below 25, confirming the current low-volatility consolidation phase. A sharp move will follow as ETH exits the wedge pattern. 3. Volume and Market Sentiment: Volume has been tapering off, a classic characteristic before a significant price movement. Accumulation zones are visible around $3,200-$3,300, where buyers are stepping in. Momentum volume is expected to surge upon a breakout, and this would confirm directional bias. 4. Trade Setup: A. Entry Points: Conservative Approach: Enter after a confirmed breakout above $3,450, ideally accompanied by a volume surge. Aggressive Approach: Start scaling in near $3,300, with the wedge support acting as a cushion. B. Stop Loss (SL): Place a tight stop-loss below the $3,189 level to mitigate risks of false breakouts or downward continuation. C. Take Profit (TP): TP-1: $4,400 - A short-term target, aligning with historical resistance and high-volume zones (70-80% confidence). TP-2: $4,800 - Medium-term target, capturing the measured move from the wedge breakout (50% probability). TP-3: $5,800 - Long-term bullish target if momentum builds strongly. 5. Key Observations: Breakout Timing: ETH is nearing the apex of the wedge, suggesting that a decisive move will occur soon, likely within the next 24-48 hours. Bearish Scenario: Failure to break above $3,450 would see ETH retest lower supports at $3,200, with further downside risks to $3,000. Bullish Scenario: A clean breakout with a strong volume spike could propel ETH toward the targets, especially as momentum aligns with technical patterns. Actionable Plan: Monitor Levels: $3,450 is the key resistance to break. Use this as the confirmation level for entering trades. Volume Confirmation: Ensure breakout is supported by high volume, validating the directional bias. Risk Management: Maintain a strict risk-to-reward ratio with SL at $3,189 and defined profit targets. Conclusion: Ethereum is at a pivotal point, with the descending wedge pattern signaling an imminent breakout. A bullish breakout appears more probable, but traders must exercise caution until confirmation. Patience and discipline in managing risk will be critical for capitalizing on this setup. Advice: Market sentiment can change anytime. Focus on proper risk management and trade cautiously to protect your capital.
Long
by MyTradingJournal6th