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The level at 7.50 looks might strong.
With this current swift move down back below the level,
I am looking to HOW the price reacts to that level if it is reached again.
If it come to it in a corrective fashion, then I would suspect a rejection.
If it can get back above, then I would have to reconsider, based out what PA has printed.
The divergence adds to this.
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Altcoin
BTC HALVING - What will happen? Historically, Bitcoin halvings have been associated with price increases in the past.
Supply Reduction: Bitcoin halvings reduce the rate at which new Bitcoins are created, effectively reducing the supply. Historically, this reduction in supply has led to upward pressure on the price as demand remains relatively constant or increases.
Halving Anticipation: Many investors and traders anticipate Bitcoin halvings, and this anticipation can lead to increased interest and buying activity leading up to the event. The "buy the rumor, sell the news" phenomenon can contribute to price increases before the actual halving takes place.
Historical Patterns: In the past, Bitcoin has experienced price increases in the months leading up to and following a halving event. While this historical pattern doesn't guarantee future gains, some investors may use it as a basis for their investment decisions.
Not Dropped, Is it going to stop?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Could not break above the level identified, and it played as resistance before the drop.
With the sweep of the low, it could lead to lower lows.
I am keeping an eye on these levels, here and below the current PA, for support.
If it heads down to them, I will be watching for a reaction off of the levels in conjunction with other confluences.
If its going to turn up from here, the same levels could be key.
I would want to see a break above and a flip to support.
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Best Areas For MAX Profit!The two areas shown on the chart are the best areas to consider taking a long to maximize profits!
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CHAINLINK AT MAJOR SUPPORTWe have came down to a massive support level and I expect to see a reaction at this level leading to a bounce higher.
Lets see how this all plays out.
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PEPE HOLDING LEVEL AND AIMS HIGHERWe can see that pepe has tapped the high timeframe level below and has managed to closed the last few 4hr candles above the POC. This is bullish and i expect an attempt to do a full value rotation.
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WLD READY TO EXPLODE!!As you can see on the chart, the all time point of control has been tapped. I would expect a nice reaction to the upside at these levels in the upcoming days.
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Is it time for DOGE?Exactly 2 weeks ago I posted the idea about BINANCE:DOGEUSDT might check 0.13 area and complete Elliot Wave theory. All profits are taken. Now it is a time to observe and wait patiently.
There are a few things I would like to see:
1. Close a candle above 0.13 in 1D TF.
2. BOS or CHOCH movement.
3. Volume.
4. CRYPTOCAP:BTC.D to decrease.
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Time for KDA?This is my idea on KDA and how it will go in the future. KDA showed great potential in the last few months, but there are not many green candles when it's going down from the last higher high which is around 2. That worries me a little bit. Anyway, this is the opportunity to consider spot and futures trade, maybe either. I am waiting to break the support zone below, reach liquidity, and pull back in. Maybe CHOCH or BOS in 1H - 4H TF. 0.95-1 zone is very crucial, closing the candle above 1.05 in 1W TF will be a huge confirmation.
Will do an update on Entry and Take Profit zones.
Considering a Long-term Long position at ADA ( Cardona ).As we know ADA reached a higher high last February. That means it shows strength to rise again, even to make a higher high. Some might say Change of Character (CHOCH) formed here. What I am seeing is not CHOCH, just gaining some strength while BTC is going down. Closing a candle above 0.525 in 1W TF will be a huge confirmation to go even further. I am waiting for the Break of Structure (BOS) or CHOCH in the 1H-4H timeframe.
Notcoin(NOT) is Ready to Go Up==>>+30%Notcoin(NOT) is moving near the Resistance zone .
In terms of Classic Technical Analysis , Notcoin(NOT) has succeeded in breaking the upper line of the Falling Wedge Pattern .
According to the Elliott wave theory , Notcoin(NOT) has successfully completed the Triple Three Correction(WXYXZ) inside the Falling Wedge Pattern.
I expect Notcoin(NOT) to at least go up(🚀➕30%🚀) after breaking the resistance zone to the upper Resistance zone .
Note: An important point you should always remember is capital management and lack of greed.
Notcoin(NOT) Analyze (NOTUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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BTC - 4H Rise PossibilityIn the recent price action, Bitcoin has shown a notable reaction to the resistance zone around $71,000 - $72,000, leading to a decline characterized by three distinct downward pushes. The third push, however, demonstrated reduced selling pressure as it failed to make a significantly lower low, indicating potential weakening of the bearish momentum.
Crucially, the last two lows have formed around the previously established order block zone from the last leg up, a key area of interest that typically acts as a support. This area appears to have provided a base for BTC, preventing further declines. Given the current price structure and the formation of lows, there's a strong possibility for Bitcoin to recover and test the previous resistance zones again.
Looking ahead, if BTC continues to maintain support at this order block zone and builds on the bullish structure, we could see a move towards the resistance levels at $69,000 - $71,000. Market participants should watch for bullish signs like consolidation or higher lows forming above the current support to confirm a potential rise. Overall, Bitcoin's ability to hold this support and recover suggests a favorable outlook for upward momentum in the near term.
INJUSDT Breakout and Potential retraceHey Traders, in today's trading session we are monitoring INJUSDT for a buying opportunity around 23.80 zone, INJUSDT was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 23.80 support and resistance zone.
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Looking good so far...NOTIf you find this information inspiring/helpful, please consider a boost and follow!
This chart has some good-looking technicals...
GETTEX:NOT 😏
Watching these levels.
The more levels that pop the better.
Algos at play as well so far, and we all know algos love
#Elliottwave ... #Not
Solana is approaching the main trendHey Traders, in today's trading session we are monitoring SOLUSDT for a buying opportunity around 139.00 zone, Solana is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 139.00 support and resistance area.
Trade safe, Joe.