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AUCTION / TetherUS

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AUCTIONUSDT trade ideas

AUCTIONUSDT.1DThis technical analysis of the AUCTION/USDT chart captures the recent market behaviors and provides an insight into what might be expected in the near future. Key Observations: Current Price and Movement: AUCTION is currently trading at $17.02, having faced a sharp decline of 14.17% on the day, which indicates significant volatility. Support and Resistance Levels: R1 (Resistance Level 1): $22.21 - This is the immediate resistance level the price might face upon any rebound. S1 (Support Level 1): $12.36 - This support level is crucial as it represents the nearest floor that could potentially halt further declines. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but close to converging, suggesting a potential shift in momentum from bearish to less bearish or even bullish. RSI (Relative Strength Index): The RSI is at 52.83, indicating a somewhat neutral stance but leaning towards neither overbought nor oversold conditions. Analysis and Conclusion: The recent sharp drop in AUCTION's price to $17.02 has likely been influenced by broader market dynamics or specific events related to the asset. The proximity to the S1 support level at $12.36 suggests that the market could be testing this threshold soon, especially if bearish sentiment continues. Given the current setup, if the market finds stability around S1, there could be a potential for a price recovery towards R1 at $22.21. The near convergence of the MACD lines also hints at a possible easing of the bearish pressure. Traders should watch for any bullish crossover in the MACD as a confirmation of changing momentum. In summary, the market for AUCTION/USDT appears to be at a critical juncture, with key levels to watch at $12.36 for support and $22.21 for resistance. Investors should monitor these levels closely, along with any macroeconomic factors or news specific to AUCTION that could influence market sentiment. This analysis should serve as a basis for making informed trading decisions while incorporating real-time data and risk management strategies.
Long
by MarsSignals
AUCTION ANALYSIS🔮 #AUCTION Analysis 🚀🚀 In daily timeframe, falling wedge pattern is forming ✅ Right now, #AUCTION is trading around it's crucial level 🚀 🚀 if #AUCTION breaks this level then we will be target for 50% in few weeks 💸 💯🚀 💸Current Price -- $21.45 📈Target Price   --  $35.40   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #AUCTION #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
Auction to $16Since publishing the long idea in late August at $4.29 (orange circle) price action has zoomed up 1000%. Not bad. A number of reasons now exist to be short. They include: 1) Price action has arrived at significant support and resistance, $41. 2) RSI is @ 95 on the 5-day, 97 on the weekly chart. The highest in the history of this chart. 3) Price action is four sigmas from the Bollinger Band mean. Four! (see 5-day chart below). How significant is this? If you’re a probability nerd like myself, you’ll know. If you should take away anything from this it is, Price action will ALWAYS interact with the Mean 90% of the time (the orange middle line). Right now that price is $11. 4) Some other reasons said elsewhere. Is it possible price action keeps going up? Sure. Is it probable? No. Ww Type: trade Risk: 2-3% Timeframe for short: Couldn’t say 5-day Bollinger Band
Short
by without_worries
13
#AUCTION Illuminating the Path: Get In on the Buy Action Today!**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions. 2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action. 3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis. 4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns. 5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses. 6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions. **Disclaimer for Crypto Trading:** Trading cryptocurrencies carries inherent risks, and it's important to understand the following: Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses. Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky. Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices. This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets. By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
Long
by MoonTradingForecast
Auction looks bearishThe correction has started from where we entered "START" on the chart. It seems that we are in an ABC or a more complicated pattern. Now it looks like wave B, which was a triangle, is over. And we have entered bear C wave. The targets are marked on the chart. When we reach the first target, save some profit and then change the stop to entry Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
#AUCTION/USDT#AUCTION We have a strong bullish soft trend that the price has been following for two months Now the rising trend has been touched and it is expected to rebound upward We have a strong rising trend on RSI as well We have a higher stability than the Moving Average 100 and we have an upward discount The pattern is canceled if the day is closed with a strong bearish candle Entry price 29.86 The first goal is 32.00 The second goal is 35.06 Third goal 38.54
Long
by CryptoAnalystSignal
3
AUCTION/USDT I BUY SETUP✔︎📈 BINANCE:AUCTIONUSDT SIGNAL ✔︎ENTRY : 26.72 or market 🏓TARGETS : ✔︎ T1 : 28.07 ✔︎ T2 : 29.42 ✔︎ T3 : 31 ✔︎ Long term T4 - T5 ✘ STOP : 25.37 🚦Stop Trigger: • If you make capital management: Stop is activated when one candle opening and closing below the stop level of the same time frame of the signal. • If you don't make capital management: Stop is direct without waiting for the candle to close. 💡Risk management : • Enter the trade with 10% to 20% of your capital to reduce risk and save cash to enter other opportunities. • Sell (25% to 50%) on (T1) and don't move your stop-loss. • Sell 50% on (T2) and move your stop loss to the entry point. • You are safe now, and the next 25% is up to you. 💡Reason for this trade: BINANCE:AUCTIONUSDT gives my trading system a sign of strength: • My trading system is based on liquidity and reversal zones. • When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side. The liquidity will attract the price like a magnet. • the first side that has been swept: 1- previous monthly low 2- valu area deviation • Opposite side targets: 1- range high 2- inducment 3- previous monthly high 💡Entry setup 1- AMT rule ( If time/volume build at the edge of a balance, price is likely to push through) ⚠️WARNING: • I'm not a financial advisor. • Do your own research (DYOR).
Long
by HB_Trading1
2