AI16Z/USDT 1H: Bulls Targeting $1.20 After BreakoutAI16Z/USDT 1H Chart Analysis
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Current Price: ~$1.03
Market Structure:
Bullish breakout from the discount zone with strong upward momentum.
Key Levels:
Support: $0.95 (Fair Value Gap - FVG).
Resistance:
T1: $1.15 (Equilibrium).
T2: $1.20 (Premium zone).
Stop Loss: Below $0.92.
Momentum Indicators:
RSI: 69.48, showing strong bullish momentum but nearing overbought territory.
Trade Setup (Confidence Level: 8/10):
Entry Zone: ~$1.03 (current price) or pullback to $0.95.
Targets:
T1: $1.15
T2: $1.20
Market Maker Analysis:
Accumulation at the discount zone suggests preparation for a push higher.
Distribution expected near $1.15-$1.20.
Notes:
No hidden divergences currently, but monitor RSI for potential bearish divergence at resistance.
Risk score: 7/10 due to RSI nearing overbought levels.
Recommendation:
Long position favored with tight risk management.
Watch for volume confirmation and price reaction near $1.15.
Confidence Level: 8/10 for bullish continuation.
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AI16ZUSD
Buy opportunity coming up! ai16z had been going through a major price correction. The price retraced to $0.91 at Fib 0.786 level (the last line of defence for the bull) and finally presented a strong bounce towards the upside. All momentum indicators reached oversold territory and broke up the descending trendline. There are some signs of strength, however, it is still too premature to open a long position.
When the price goes down significantly and tries to recover to the upside, V shape recovery is quite rare. It usually goes through a very choppy consolidation phase and works its way through to the upside.
One way to identify the trend reversal for me is to use a Fibonacci retracement line. When I think the price has hit the bottom, I draw a Fib from the suspected top to the suspected bottom. In this case, from $2.30 to $0.91 (Orange colored fib line in the chart). Once I draw the line, I need to see if the price decisively break and closes above the Fib 0.236 level. When it does, there is a good probability the price continues to move up to at least 0.5. You can see in the chart that there is a sell block sitting just above Fib 0.5/previous week's level. But I need to look for more confluences as below:
1) I need to wait for the daily stochastics (9,3,3) to reset and start to move to the upside.
2) 4H MACD lines cross, point upwards and enter the bull zone (above 0).
3) 4H Stochastics is not overbought territory. If it is, the price is likely to retrace at least one more time.
If those three conditions are met and the price also breaks above 0.236 fib level, it is likely to give me a good entry for long.
The price has broken and closed above Fin 0236 level. 4H MACD has crossed but it is still not quite in the bull zone and also the 4H Stochastics has already reached the overbought territory and starting to roll over. I think there is a good chance the price will eventually move up, but the but it might have a minor pull back. Once the 4h Stochastics is reset and 4H MACD properly enters the bull zone, I will buy more.
ai16z - bottom is in? ai16z has been going through a major price correction. The price retraced to $0.91 at Fib 0.786 level (the last line of defence for the bull) and bounced up. All momentum indicators reached oversold territory and broke up the descending trendline. There are some signs of strength, however, it is still too premature to open a long position.
When the price goes down significantly and tries to recover to the upside, V shape recovery is quite rare. It usually goes through a very choppy consolidation phase and works its way through to the upside.
Once way to identify the trend reversal for me is to use a Fibonacci retracement line. When I think the price has hit the bottom, I draw a Fib from the suspected top to the suspected bottom. In this case, from $2.30 to $0.91 (Orange colored fib line in the chart). When I analyse the chart with Fib level, the first thing I pay attention to is if the price will decisively break and close above 0.236 level. When it does, it often moves up to the 0.5-0.786 zone. But I need to look for more confluences as below:
1) I need to wait for the daily stochastics (9,3,3) to reset and start to move to the upside.
2) 4H MACD lines cross, point upwards and enter the bull zone (above 0).
3) 4H Stochastics is not overbought territory. If it is, the price is likely to retrace at least one more time.
If those three conditions are met and the price also breaks above 0.236 fib level, it is likely to give me a good entry for long.
AI16Z has come down to my buy zone$AI16Z currently has a good risk to reward long set up. If you are bullish in the AI Agent space, this may be good one to consider accumulating.
It has retraced significantly from its ATH and closed to its weekly golden pocket fib level. I am accumulating in drops below $1.06 level. It would be great if we can go down to the .95 cent level but I think there is enough liquidity at the $1 level.
You can see in the chart my views on the potential targets.
Not a financial advice so DYOR.
AI16Z ANALYSIS (4H)The AI16Z symbol appears to be within a large diametric pattern, currently at the end of wave E.
For a rebuy, it's crucial to execute this on a support zone, especially for assets that have experienced significant pumps.
Based on the structure, if the price reaches the entry zone, we can look for buy/long positions around the green area.
The target could be the top of wave E, but if you achieve reasonable profit, consider securing your gains.
A daily candle close below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You