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XRP - MarkUp Phase Started 📊Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 After breaking above the 0.55 level mentioned in my previous idea, XRP exited the accumulation phase and entered the markup phase. 📈 For the bulls to maintain control , we need a break above the 0.7345 resistance highlighted in blue. 📉 Meanwhile, XRP could still face rejection at the resistance , which can be confirmed on lower timeframes. In this scenario, a correction towards the 0.55 support level would be anticipated. 📚 Always remember to follow your trading plan regarding entry, risk management, and trade management. Good luck! And always remember: All strategies are good if managed properly! ~Rich
by TheSignalyst
14
Ethereum (ETH/USDT) Chart Analysis - Short-Term ProjectionIn this technical analysis, we will take a closer look at the Ethereum (ETH) price chart against the US Dollar (USDT) in a 1-hour (1H) timeframe. We will assess the current market situation and outline potential price movements for the near future. Current Price: $1798 Chart Pattern: Bull Flag Price Target: $2000 (Short-Term) Technical Analysis: The Ethereum price is currently trading at $1798, and the chart indicates the formation of a Bull Flag pattern on the 1-hour chart. This pattern is often seen as a bullish continuation signal, suggesting that the price may experience an upward movement in the coming days. Key Levels to Watch: Strong Support at $1750: One crucial level to monitor is the strong support at $1750. If this level holds, Ethereum to make its way to the $2000 mark in the short term. Resistance Levels: $1850: A resistance level to consider on the way to the $2000 target. $2000: The short-term price target for Ethereum, should the Bull Flag pattern play out as anticipated. Trade Strategy: For traders looking to capitalize on this potential price movement, consider the following strategy: Exit Strategy: If the $1750 support level is breached and the overall trend changes, it may be prudent to exit your position to minimize potential losses. thank you. Please Like and Follow me For more Quality Analysis.
Long
by CryptoPatel
ETH - One More CheckPoint 📍Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our last analysis (attached on the chart), ETH rejected the 1550.0 support and traded higher. Currently, ETH is sitting around a strong supply marked in orange. 📈 For the bulls to remain in control, we need a break above 1885.0 📉 Meanwhile, if the gray zone 1738.0 is broken downward, expect the bearish impulse to start. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
MATIC/USDT Technical Analysis: Deciphering the Chart SetupMATIC/USDT Technical Analysis: Deciphering the Chart Setup Bullish Bounce from Symmetrical Triangle MATIC currently trades around $0.65 after bouncing from the $0.52 level, which aligns with support of a symmetrical triangle on the daily chart. Symmetrical triangles typically act as continuation patterns, so this bounce suggests a resumption of MATIC's uptrend within the triangle formation. Favorable Higher Timeframe Structures On the weekly chart, the symmetrical triangle takes shape as a larger bull pennant, which is also a bullish continuation pattern. The confluence of constructive structures on the daily and weekly timeframes paints a positive picture for MATIC over the near term. Measured Move Targets $1 Initially The symmetrical triangle points to an initial measured move target of around $1 if MATIC can break out above the upper triangle trendline. Reclaiming the key $1 level would likely propel additional upside momentum. Potential for $5+ in a Bull Market Looking longer-term, if MATIC breaks and holds above $1 decisively on the weekly chart, the bullish structures an extended move towards $5 first, with the potential for $10 in a sustained crypto bull market. Monitoring Key Support at $0.50 If macro conditions worsen, keeping an eye on the $0.50 support level is prudent. A breakdown below $0.50 would invalidate the bullishness and introduce downside risk towards $0.20.
MLong
by CryptoPatel
XMR - A Range But Strong 💪Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📊 XMR has been stuck inside a wide range between 130.0 and 188.0. Currently, #XMR is hovering around the upper bound of the range. 📉 For the bulls to remain in control and take over from a long-term perspective, we need a break above the 188.0 resistance. In this case, we can expect further bullish movement toward the next resistance at 250.0. 📈 Meanwhile, the bears can still take control and reject the resistance. Confirmation will come if a bearish reversal setup is activated on the H4 chart. Which scenario do you think is more likely to happen and why? 📚 Always follow your #trading plan regarding entry, #risk management, and trade #management. Good luck! All #Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
X for XinFin ⚔️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 🚀 Following a 175% surge in July / August , XDC has been in a correction phase for the last couple of month. However, XDC is currently approaching a strong support zone around 0.04 marked in blue. 📈 For the bulls to take over again and start the next impulse upward, we need a break above the last major high in red around 0.055 📉 Meanwhile, XDC would be bearish and can still test the blue support where we will be looking for new short-term buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
Bitcoin Weekly Chart Analysis: Key Resistance Levels in FocusBitcoin has been a topic of discussion in recent weeks, as it continues to trade within a range that has kept traders on the edge of their seats. In this weekly chart analysis, we'll take a closer look at the current state of Bitcoin's price, focusing on key resistance and support levels that could dictate its future trajectory. Current Price: As of the latest data, Bitcoin is trading at approximately $34,000. Weekly Resistance Breakout: One of the most critical factors to watch for in the Bitcoin market right now is a potential breakout of a significant resistance level on the weekly chart. This week's candle is set to close soon, and if it finishes above $31,000, it could signal a substantial bullish scenario for Bitcoin. Resistance Levels: The two primary resistance levels to keep a close eye on are at $38,000 and $46,000. These levels have been significant obstacles for Bitcoin in recent times. $38,000 Resistance: If Bitcoin manages to break through the $37,000-$38,000 resistance zone, it could pave the way for a rapid price surge toward $46,000 in the coming days. $46,000 Target: A successful breach of the $38,000 resistance may lead to Bitcoin's price reaching $46,000 in a relatively short period. Potential Support Level: While we focus on the bullish scenario, it's crucial to be prepared for the alternative outcome. Should Bitcoin fail to surpass the $37,000-$38,000 resistance range, there is a possibility of a retest of the $30,000 level. Final Thoughts: In the world of cryptocurrency trading, it's vital to approach the market with a well-informed strategy. Never trade blindly and always monitor critical resistance and support levels. Support Level: $30,000 is a significant support level that could come into play if Bitcoin faces rejection at the $37,000-$38,000 resistance range. In conclusion, the Bitcoin market is at a crucial juncture, with the potential for both bullish and bearish scenarios. Traders and investors should keep a close watch on the $37,000-$38,000 resistance range, as it could be the key to determining the next direction for Bitcoin's price.
Long
by CryptoPatel
4
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Oct 27, 2023Technical Analysis and Outlook: The Bitcoin smashed our projections: Inner Coin Rally 30900, Outer Coin Rally 31700, and 34000, resting at completed Inner Coin Rally 35000. The next target is the Next #1 Inner Coin Rally 36300 Next #2 37800, with a near-term final projection of Outer Coin Rally 39200. Be aware that there may be some intermediate pullbacks along the way with the main target 39200. Nevertheless, the market may fall to the Mean Support 32600 before resuming its upside movement.
BITSTAMP:BTCUSD
by TradeSelecter
ROSE is blooming 🌹Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After being bearish for a couple of months, #ROSE finally broke a previous major high (marked in orange) For the bulls to remain in control, and take over from a long-term perspective, we need a break above 0.055. In this case, we will expect further bullish movement till 0.07 📉 In parallel, if the last minor low in red at 0.049 is broken downward, we will expect a bearish movement till the orange previous low. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
LINK - Once A Castle; Always A Castle!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart After being stuck inside a range for more than a year between 5.0 and 10.0 round numbers, LINK finally broke above the range / accumulation phase. Now we are expecting the MarkUp to push higher till the 18.0 resistance. on H4: Right Chart The bulls would remain in control from a medium-term perspective, unless the last low in red at 10.5 is broken downward. In this case, a movement till the 9.0 - 10.0 support zone would be expected where we will be looking for trend-following buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
Next bull market starts by March 2023Hi fellow cryptopians and crypto enthusiasts. I am going to make a fairly bold claim here today. First off we have a bitcoin hash ribbon buy signal quickly approaching us (within two weeks) which could pump us to 50k. If this does happen it should be followed by a correction that gets boring for 4 to 5 months and should spark the new bull run by march 2023 the latest. This analysis should not be taken as financial advice as it's just for fun but lets follow and see where it leads. Having said all that I do believe the bottom is in and we are a very strong accumulation until march or mid next year. * Patience is key to success*
BNC:BLXLong
by WeAreSat0shi
4
XRP 6.62% Growth (SEC Drops Lawsuit)!XRP has gained 6.62% growth within the last 24 hours, on the back of good news that the SEC (Securities Exchange Commission) drops their lawsuit against two Ripple Labs executives. The original charge claimed that the blockchain company violated U.S. security laws by selling unregistered securities. The SEC is now taking back that claim. From a technical stance, this should give XRP buyers the opportunity to take out the previous, pending liquidity sitting at $0.55 which is another 5.90% growth from current market price.
BITSTAMP:XRPUSDLong
by BA_Investments
Correlation between RIOT | BTC 📊 Today, let's dive into the intriguing world of crypto mining and its connection with Bitcoin. We'll compare the charts of the mining company RIOT Blockchain (RIOT) and Bitcoin itself, shedding light on the correlation between mining-related stocks and the leading cryptocurrency. 📊 The Mining Equation: Mining is a fundamental component of the cryptocurrency ecosystem, and it's a process that should ideally be profitable. As miners secure the network and validate transactions, their success can often align with the overall health of the crypto market. 🧰💰 RIOT and Bitcoin: A Comparison: When analyzing the charts of RIOT and Bitcoin, you'll often notice a correlation. RIOT's performance tends to be influenced by the price movement of Bitcoin. As Bitcoin's price rises, it often brings increased profitability for miners, reflected in the performance of mining-related stocks. 📈🚀 What to Watch For: Correlation Strength: Pay attention to the strength of the correlation between Bitcoin and mining stocks like RIOT. A strong correlation suggests that the profitability of miners is closely tied to Bitcoin's price. Market Sentiment: Keep an eye on market sentiment and macroeconomic factors that can influence Bitcoin's price, as these elements can have a ripple effect on mining operations. Diversification: Consider diversifying your portfolio to include assets that can serve as hedges if there are fluctuations in mining profitability. Conclusion: The performance of mining-related companies, like RIOT, often depends on the price and profitability of Bitcoin. This correlation means that watching Bitcoin's charts can provide insights into the potential performance of mining stocks. The cryptocurrency market is dynamic, and staying informed and adapting your strategy to the evolving landscape is key to success. Keep a close eye on both Bitcoin and mining-related stocks to make well-informed investment decisions. ❗️Get my 3 crypto trading indicators for FREE❗️ Link below🔑
by AlexWhale
BTC - Critical Resistance ❗️Greetings, TradingView Family! This is Richard, also known as theSignalyst. BTC is currently hovering around a strong resistance zone and round number 28,000. 📈 For the bulls to remain in control, we need a break above 28,500. In this case, a bullish continuation till the 30,000 - 32,000 weekly resistance would be expected. 📉 Meanwhile, the bears can still kick in short-term and push lower till the lower bound of the red rising broadening wedge pattern. However, the bulls would remain in control medium-term as long as the lower red trendline holds. Which scenario do you think is more likely to happen? and why? 📚 Always remember to follow your trading plan when it comes to entry, risk management, and trade management. Good luck! Remember, all strategies are good if managed properly! ~Rich
by TheSignalyst
23