Maybe another retest of previous major upport or maybe a drop from this local resistance level and a new bottom. The local fibonacci retracement (recent high to recent low) says it has to reverse between 0.545-0.55 if it want to go further down from here. If not then it will reclaim 0.565-0.57 again
Major Support Level: 0.565-0.575 Major Resistance : 0.625- 0.64 There is a breakout from a trendline as you can see on the chart. Then it reachd the support and the trendline is retested and seems like it got a rejection from there. So here is some possibilities of more downward movement. We may see new bottom (ATL) in case it breaks the support zone. But...
My Setup: Entry $6.30 - $6.40 TP1- $6.193 (25%) TP2- $6.153 (50%) TP3- $6.11 (25℅) Leverage: 20 STOP LOSS- $6.56 This is my own trading setup and not a financial advice. Trade at your own risk and with own analysis
Entry $6.30 - $6.40 TP1- $6.20 (25%) TP2- $6.16 (50%) TP3- $6.12 (25℅) STOP LOSS- $6.56 This is my own trading setup and not a financial advice. Trade at your own risk and with own analysis
Targets are $7.35 and $7.50 Stoploss Just below trendline (around $6.90) Going to be a good trade
For now we will trade between the trendlines😒 Will think about breakout later😉 Targets are $0.425 & $0.44 Stoploss Just Below the trendline support ( inside $0.38-0.395) DCA Price can be $0.40
Target should be $8.10 & $8.25 and above $8.5 in exreme bullish market scenario Stoploss just below 0.618FIB level $7.80
If BTC retest the 29500-29700 zone get rejected with significant volume, we can take a short on SOL. Targets must be devided in some parts.
Very good opportunity for a long position as the 0.76 - 0.78 zone is a demand zone. There is horizontal support, trendline support and 100EMA support as well as 38.4% Fibonacci level. So It can be a sweet trade with this setup. Target 1 0.803 Target 2 0.83to 0.85 Stop Loss 0.745
Entry zone is 0.82 - 0.835 Stop loss at 0.854 and Target 0.772 (Using Fibonacci retracement golden ratio zone reversal strategy) Currently three is a double top at the 50% fib level but I will not trade it because I will need to keep stop loss very high which can be risky. So waiting for the safe option. If price revrse from the current zone then okay trade will...
Cardano(ADA) is getting a rejection from a big localo resistance zone according to the 30min timeframe It is also getting rejection from the 200MA (There is a support at 100MaA though). Overall it is not a bad one to short based on the current market situation. Entering at 0.2905 Stoploss 0.2975(2.34%) TP 1 0.2855 and TP 2 0.2815(3.16%) N.B. This is my...
Everything is shown in thr chart. Explain is not needed
Getting rejection from resistance zone so we may look for the trendline support zone for closing the trade safely. Entry 8.35... Target 8.25 and SL 8.45 for me!
As you can see a inverse head and shoulders pattern, we can expect some upward movement Targets are 8.6 and 8.9
Here we are using a combination of trendline breakout and negative rsi divergence strategy for this analysis. Shorting with a stoploss of $9.1 and target of $8.65 and $8.5
Therr can be a bullish and a bearish scenario from here. But as there is a negative RSI divergnce, I am looking around for catching the bearish one. If we look at bearish one then stoploss can be $0.775 with 3 targets of $0.72, $0.71, $0.7 and for bullish one, it can be $0.745 and targets are not defined. Remember It has broken its downtrend resistance line on...
I started the analysis when it was at 0.0559 and a sudden pump. huh..... But GALA is inside a channel and Currently it is getting the 50 Moving average support on 4H. Also getting 100 and 200 Moving average support. from here we can expect a break of previous high and a higher high. Currently there is a resistance but we most probably will break it soon. In case...
I want to trade on this idea.... There is a 60-70% chance that this will be true