4h
LITECOIN 4H (LTC)Litecoin is one of the best performing majors in recent weeks and finds itself around the mini range highs in an area of key resistance. The way I'm looking at this chart is in two separate sections of the same mini range, a lower range and upper range with an area of indecision between that separates the two.
Despite how choppy the market has been price can be clearly analyzed in this format:
Lower range - Clear level of support where buyers are stepping into the market aggressively to rebound any sell off and pushing price up further towards the 1D 200 EMA. There is one instance of price sweeping below range low and quickly reclaiming back above, that move has been a catalyst for bullish PA ever since with a strong bullish structure.
Upper range - The top of the upper range has yet to be retested as there is major resistance area position just before it, this bearish orderblock has rejected 4 times and is now being tested for a 5th at time of writing. It is important to note that the 1D 200 EMA is currently at its highest point during this rangebound environment, coupled with higher highs and higher lows on the low time frames, Litecoin is looking good currently.
However, bitcoin is still very much the dominant force in the market, and without bitcoin paving the way I can't see LTC making a breakout move just yet. In order for Litecoin to make a run for the highs I would like to see BTC @ $98,000 with a full reclaim of the weekly midpoint (See weekly outlook).
To conclude, Litcoin is in better shape than most other coins but this rangebound environment should be treated as such until proven otherwise, no action needs to be taken in the main bulk of either the upper or lower range, just the tops and bottoms are worth acting on IMO.
SOL 4H RANGESOLANA is down -40% from making a new ATH to the bottom of the crash wick @ $175. Looking at the chart, unless BTC decides to gap down again from a TA standpoint SOL looks good here.
A triple tap of the bottom with a reclaim of the bullish orderblock that coincides with the golden pocket zone from local LTF high to low, followed by a strong reaction from that zone. Q1 is historically good for altcoins and so the all of these points added together the R:R at this level is good IMO.
Profit taking through the range quarters.
The idea is invalid once price accepts below the triple tap bottom under $170.
FARTCOIN 4H After selling off heavily from the high FARTCOIN is starting look stronger at these areas.
Price has broken out of the diagonal downtrend resistance after sweeping the KEY S/R LEVEL demand zone. Now retesting the breakout for support, if it holds then a move towards the LOCAL HIGH BEARISH OB is the next aim for bulls.
After that a progressive HL & HH structure is needed to work up to the TP targets at significant levels later on.
Overall good R:R at this level from a chart TA perspective, my worry is that currently memecoins are out of favor because of the sell off so keeping an eye on sentiment would be important.
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PEPE Eyes $0.00002000: Bullish Momentum Builds Above!PEPE/USDT 4H Chart Analysis
Equilibrium established: PEPE is stabilizing at $0.00001867 after a bounce from the discount zone, showing signs of bullish momentum supported by RSI.
Current price: $0.00001867.
Key levels:
Support:
POL (Point of Loss): $0.00001700.
POH (Point of Hold): $0.00001750 (key level for continued bullish structure).
Resistance: $0.00002100 (premium zone, key breakout target).
Momentum shift: RSI indicates a bullish reversal, aligning with the recent bounce from the discount zone.
Trade setup:
Entry: Current level ($0.00001867) or on a pullback near $0.00001750 (POH).
Target: $0.00002000 (short-term resistance level).
Stop loss: Below $0.00001700 (POL) to minimize risk.
Risk-to-reward: Favorable setup, especially if price holds above POH.
Confidence level: 7/10 for bullish continuation.
Considerations:
Support test: Ensure price holds above POH ($0.00001750) to validate bullish continuation.
Momentum confirmation: Monitor RSI and volume for sustained upward pressure.
Resistance reaction: Be cautious around $0.00002100; strong resistance could trigger a pullback.
This setup suggests a potential upside to $0.00002000, provided support levels hold. Tight risk management is essential near volatile zones.
#TON. TON IS ON ITS WAY TO $6. 11/19/24Toncoin continues to rise in price. I believe that all related tokens will follow its lead, so I expect sharp and significant pumps from them. First and foremost, I'm looking forward to a pump for #NOT.
The nearest target for #TON is the $6 resistance level. We are 100% reaching this target this week!
Thus, I anticipate the asset's price will continue to grow and may reach $6, where it will face some resistance that will need to be broken for further growth.
We'll monitor the situation closely. If there are any changes, I will definitely provide updates.
SasanSeifi| Will the Price Continue Its Short-Term Rise?In the 4-hour timeframe, as observed, the price entered a consolidation (range) phase after correcting around the 0.65500 price zone. It then broke previous highs at 0.65950. Following this structural break, the price returned to the gap zone and, supported at the 0.65800 level, experienced positive fluctuations with slight growth, currently trading at the 0.66000 level.
In the short term, it’s expected that the price could reach levels of 0.66250, 0.66450, and 0.66500, continuing this short-term upward trend toward these target zones. A possible scenario for the next price movement is that if it consolidates above 0.66000, the price may move upward in the short term towards the mentioned areas and supply zones.
To assess the continuation of this uptrend and anticipate future price behaviour, it’s essential to closely monitor price reactions at these levels. Key support areas in the 4-hour timeframe include 0.65800 and 0.65650.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
SasanSeifi| NZD/USD,4-Hour Hey there, ✌ In the short-term 4-hour timeframe, we’ve observed a bearish trend starting from the 0.63700 price range. The recent breakdown below the 0.62500 level has pushed the price down to the 0.62000 zone, showing some corrective movement.
Currently, the price is trading around 0.62000.my short-term outlook leans toward further downside towards targets at 0.61700 and the demand zone below.
However, if we see signs of weakening momentum around 0.62000, there is a possibility that the market could enter a ranging phase. In such a scenario, potential pullbacks could bring the price up to levels of 0.62350, 0.62500, and 0.62750 as a corrective move before resuming the bearish trend.
To better understand the market's direction, it’s crucial to monitor price reactions in these zones.
Alternative Scenario: Price Correction Another scenario to consider is continued price correction. In this case, we expect the price to make a corrective move towards our targets. If the market enters a range and confirms the price action, we could then see positive fluctuations from the specified targets and the demand zone.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
SasanSeifi| Can We Expect Short-Term Corrections?Hey there, ✌ In the short-term timeframe, we've observed that Bitcoin has surged from the $60,000 range to a high of $69,000. However, following this peak, the price has shown a negative reaction, undergoing a minor correction down to the $67,000 levels after a brief period of fluctuations.
Currently, the price has remained in a range after encountering the Exponential Moving Average (EMA) at the $67,000 mark. The significant resistance level ahead in the 4-hour timeframe lies between $67,750 and $68,500.
Analysing the chart in the lower timeframes, it appears that the price may be inclined to experience further corrections. If a candle closes below the $66,950 to $66,850 levels, we might witness a price correction down to the demand levels at $65,500, and potentially further to $64,250 to $63,000. Understanding how the price reacts to these levels will be crucial for assessing the ongoing trend. Additionally, if the price faces increased demand and breaks above the established resistance levels, the corrective scenario could be reconsidered. The potential trend is clearly outlined in the chart above.
💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
SasanSeifi| Key Levels to Watch in the 4-Hour TimeframeHey there, ✌ In the 4-hour timeframe, as observed on the chart OANDA:XAUUSD , gold's price has seen a minor rise after reaching the $2,600 level and is currently trading around $2,657.
In the short-term outlook, one possible scenario is that after encountering the $2,668 supply zone, the price may enter a consolidation phase, with a slight pullback toward the $2,650 and $2,646 levels. If we receive the necessary confirmation signals at this stage, we could potentially see a price rebound and continuation of the upward trend. To maintain this upward momentum, holding the support levels between $2,646 and $2,640 is crucial.
In case of further correction, it’s essential to monitor the price’s reaction to these support zones. If the price finds support at these levels, a new upward move towards the mentioned targets could start. However, if these supports fail, there is a possibility of prolonged consolidation or even a further price decline.
On the other hand, if sufficient buying pressure emerges and the price manages to stabilize above $2,670 and $2,675, the chances of further growth towards targets like $2,700, $2,710, and $2,720 will increase.
This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊