PERPUSDT trade ideas
PERP descending trianglePERP in descending triangle, now above 200SMA and below 20SMA, also right above the support level. Expecting possible bounce up to open long trade. That position between 200 and 20SMA could be tricky for entry, price often bounces up and down from them before descision. SRSI RSI and MACD on 1hr chart look like it could go up. Could have a nice move, but you should be aware that it has a death cross printed on MACD 12hr chart, so this could be short-term trade or scalp trade only (if long). If this support is lost we could enter a short trade, breaking under 200SMA is usually a nice chance for short trade... GL traders... Needless to say that BTC could have an impact on this trade...
PerpUsdt this coin good posdition for buy little wait come bottom on EntryPoint buy this for start move need little more money join this but have chanse for middle time good pump and good profit
GL
EntryPoint:
10.99
SupportS:
8.68
6.43
4.34
Resistance:
13.00
Targets:
15.35
18.99
22.55
26.72
mid time:
34.16
46.75
For Hodl;
69.50
85.50
114.94
GL
PERP on swing test level- MFI divergence 4hThe price is currently sitting at 14.85 which is the level of previous high back from 20/05/21. MFI shows Bullish divergence on 1h, 2h, 3h and 4h timeframes. Volume has been constantly decreasing while the price has been going down and now on lower timeframes volume is coming back again (good sign)
There's a good chance for upward continuation from here.
Long-term targets only:
TP1: 17.90
TP2: 19.87
TP3: 22.50
TP4: 26.23
TP5: OPEN++
SL: 13.23 or under previous daily candle if you want to play it extra safe (14.59)
I set my stop losses partially for this one.
PERP USDT: 8Hr timeframe, end of correction?8hr timeframe had an amazing run-up of 500% + since the start of Jul... In rising wedge since the start of Aug.
Now pulled back almost exactly to the measured move of break down from this wedge, and that is also the big support level which was tested multiple times in the first half of Aug...
If that support is lost, we could see a massive selloff, but also if it holds and BTC doesn't crash over our heads, we have a good chance to see some nice upside movement...
We could expect a golden cross on MACD and already got one on SRSI, RSI looks ok, but on a shorter timeframe it's already high, and maybe one more retest of that support level is possible before attempting break of this next resistance level...
Butterflyit seems price has made a butterfly pattern with AB = 0.78 XA and point D being at 1.27 XA with an ending diagonal forming at that exact point.
plus there might be divergence in MACD
so if the ending diagonal breaks downward we can anticipate that price would want to go down in a wave equal to wave XA
PERPUSDT Technical Analysis
⏳ Spot
💎 PERPUSDT after the breakout of the resistance will go for a retest and then again will go up. It may go to the Pullback zone before it goes up.
🏁 Short & Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or 17.50
☕️ TP1 20.50
🍺 TP2 22.00
🍻 TP3 25.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 16.15
Good Luck 🎲
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PERPUSDT Technical Analysis
⏳ Spot
💎 PERPUSDT has broken above the major resistance and the flag pattern. we must expect a pullback before it goes up again.
🏁 Medium & Long Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at market or
☕️ TP1 23.50
🍺 TP2 26.00
🍻 TP3 29.00
🍾 TP4 _____
🍷 TP5 _____
🍸 TP6 _____
🍹 TP7 _____
🎁 TP8 _____
🚫 SL 16.70
Good Luck 🎲
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️
Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
We will have more FREE forecasts in TradingView soon
Have a Profitable Day
Perpetual protocol strong and clean uptrendPERP has a very beautiful chart vs BTC indicating tons of strength. PERPUSDT is also pretty good and looking ready for the next move up after this consolidation. If this one fails and there is a dip, below there is another major area to go long.
PERP has a lot going for it, especially the fact that many exchanges are getting a lot of regulatory pressure and demand KYC, which means more people will won't to transact on different blockchain using different solutions. Perpetual protocol has been doing pretty well although it has competition. It seems like the layer 2 derivatives trading is growing and that's definitely positive for this sector as a whole
Perp moved upPERP/USDT
Preliminary Entry: 17.377 on 8/18
Accumulated Gains Since Entry: 9.79% (1.272 Fibonacci)
Prognosis: Possible reconsolidation at 1.0 Fib for next advancement
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