


MyTradingJournal6th
PremiumSUSHI is consolidating in a descending triangle, a pattern that often leans bearish. However, the context of the broader market may favor a bullish breakout instead. Observation: The consistent higher volume at recent supports suggests buyers are still active. Volume Dynamics: A steady decline in volume aligns with consolidation, but a decisive move—confirmed by...
Solana is moving within a clear consolidation phase after a strong uptrend, showing a potential continuation pattern. Key technical elements suggest an important move is brewing. Consolidation Range: SOL is forming a flag-like structure, potentially a bullish pennant. Is this just a pause before further upside? Volume Trends: Notice how the volume tapers off...
Bitcoin is consolidating in a symmetrical triangle, hinting at an imminent breakout. Price compression, lower volume, and indecision reflect a tug-of-war between bulls and bears. Pattern Setup: The triangle structure suggests a breakout is approaching. Will it continue the trend or reverse? Volume Decline: Typical of consolidation, but will the next volume spike...
The ADA/USDT daily chart showcases a textbook symmetrical triangle pattern, indicating potential consolidation before a breakout. The following are key observations and trade details: Price Structure: ADA has been consolidating within the triangle, forming higher lows and lower highs, indicative of reducing volatility. The structure aligns with the broader trend,...
This chart showcases an ongoing symmetrical triangle pattern on the 30-minute BTC/USDT timeframe, indicating potential volatility ahead. Here’s a breakdown of the key insights: Structure & Pattern: BTC price is consolidating within a symmetrical triangle. The pattern reflects a balance between bullish and bearish momentum, signaling a potential breakout...
Ethereum (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...
Disclaimer: These are general trading ideas based on my observations. Always conduct your own analysis and ensure appropriate risk management before taking any trades. 1. Filecoin (FIL/USDT) Idea: Bullish structure forming near $5 support with signs of potential upward movement. Breakout above $6.50 could trigger a rally; bearish only if $5 fails. 2. The...
This is my idea for each asset based on the chart analysis. Please review and improve these ideas to suit your risk management and trading style. 1. Bitcoin (BTC/USDT) Timeframe: 30-minute chart Analysis: Support Zone: Strong bounce observed around $102,000. Likely a major demand zone. Resistance Zone: Testing resistance near...
Analysis Overview: The DOGE/USDT daily chart is showing interesting price action and a potential setup that traders should closely watch. Here is my detailed breakdown: Trend & Price Action: The price is currently consolidating near the ascending trendline support, suggesting potential accumulation in this area. However, a lack of breakout confirmation means...
Analysis and Prediction: In this analysis of ETHUSDT.P, we are preparing for a potential breakout scenario based on the current market structure and momentum signals. The chart highlights a consolidation phase within a descending triangle, where we anticipate a decisive move above resistance or a retest for confirmation. Key Levels: Entry Zone: Anticipated at...
Educational Purpose: This tutorial aims to educate traders on identifying fakeouts, understanding their characteristics, and improving risk management strategies to avoid common pitfalls. Key Educational Points: 1. What is a Fakeout? A fakeout occurs when the price temporarily breaks a key support or resistance level but fails to sustain the move, reversing...
Current Market Context: The price is consolidating within a descending triangle, with clear lower highs and a flat support zone around $6.20–$6.30. Multiple Choch (Change of Character) and BOS (Break of Structure) indicators suggest potential trend reversal points. Volume is slightly declining, hinting at a potential breakout once a decisive move occurs. Key...
💡 Detailed Plan & Levels: • Entry Zone: $42.5 (Upon Confirmation) • Stop-Loss (SL): $37.989 (Risk Managed!) • Target 1 (TP1): $54.5 (First Take-Profit Zone) • Target 2 (TP2): $62.5 (Extended Target) 📈 Key Insights: • Trendline Resistance still holding strong, waiting for a breakout to enter safely. • Volume Profile currently low – critical to wait for a...
Target Price Levels: • TP1: $4,400 (70-80% probability) • TP2: $5,800 (100% projection) 📈 Entry Point with Momentum: $3,600 ⚠ Stop-Loss (SL): $3,281 ✨ Key Insights: • Strong Momentum? ✅ • Volume Confirmation? ✅ • IFC Candle Alignment? ✅ • Consolidation Breakout? 🚦 Waiting! This setup focuses on leveraging market structure shifts and volume patterns for...
Solana (SOL) Clear Breakout with Momentum (4Hr Chart) Time Frame: The analysis is based on the 4-hour time frame, indicating a medium-term outlook. Breakout Confirmation: SOL has clearly broken out of a descending triangle pattern, signifying a shift from consolidation to bullish momentum. The breakout occurred above a key resistance level (marked by horizontal...
Volume Footprint Insights: Delta Analysis: Dominant positive deltas (+269M, +70M) signal aggressive buying during recent moves. Volume spikes in consolidation (4.37B total) suggest the market is preparing for a significant move. Liquidity Zones: Demand Cluster: 0.032–0.033 USDT. Minor Resistance: 0.036 USDT, but selling pressure is weaker than buying...
1. Price Action: Trend Shift: Clear breakout from a descending trendline; higher lows are forming. Consolidation Zone: Price is currently consolidating between 0.032–0.036 USDT, which is critical for the next move. Support & Resistance: Strong support at 0.026 USDT. Resistance at 0.036 USDT, with the next significant resistance at 0.045–0.050 USDT on a breakout. ...
Key Observations Price Action: Breakout from a downtrend; consolidating at 0.032–0.036 USDT. Support: 0.026 USDT. Resistance: 0.036 USDT, then 0.045–0.050 USDT. Volume Footprint: Positive deltas (+269M, +70M) indicate strong buying pressure. Volume spike near 4.37B signals market readiness for a breakout. Key demand zone: 0.032–0.033 USDT. Indicators: RSI...