LTC Headed back to $400 - A Guide To Maximizing the OpportunityHello Friends! Today we're going to do analysis on one of the most underrated and oldest coins in crypto - That's right, it's Litecoin! I've had my share of ups and downs with LTC over the years (see what I did there? 😀), and recently I've questioned its relevance myself. Yet it remains a top 30 Market cap coin, with a current Market Cap of $10.33 Billion USD).
Looking at the Monthly Chart, we immediately see this tightening symmetrical triangle. If you look at the same Monthly chart for XRP Ripple, you can see the exact same tightening triangle that recently broke out to a 350% move in just a month, shocking the world. Could Litecoin be next? Let's look at the charts and see if there's other supporting data for this hypothesis.
Before we do, we cannot deny what is plain to see with your own eyes. Litecoin has just broken out of this triangle in the last week and started to make its ascent. But how high can it go? The all-time high was $413.
As we move into the Daily chart, we can see the Fibonacci Extension aligns with the move to $400. I also have drawn an ABC correction although it doesn't exactly look right. Regardles, you can get the Elliot Waves and ABC correction on this move with these coordinates. The Fib Extension will become a lot more apparent as we zoom in further.
Here's where things get REALLY exciting. Often, inexperienced crypto analysts forget to use the BTC pairing as a leading indicator. This chart shows 3 exciting things that make an upward move against Bitcoin imminent.
1. The massive downward facing wedge which coincidentally works alongside the USD pairing symmetrical triangle.
2. The 200-day Moving Average (purple line) that LTC has broken out above.
3. The increasing steady volume as LTC inches closer to the upper trendline of the wedge.
Zooming in on the LTC/BTC pairing 4-hour chart, we discover an obvious ascending triangle that has been printing itself since the low of November 13th, with the upper trendline resistance falling right on the 200-day moving average. The breakout above this line with volume was a clear buying signal, and led to a rally in the USD pairing later that day. For full transparency, I used this signal to take a position immediately, which I scaled further into as the USD pair confirmed the breakout.
Looking back at the LTC/USD pairing and zooming into the 1 hour, we notice that the November 13th BTC pairing low coincides with the break of the USD pairing, and we have a clear break out from the monthly symmetrical triangle supported by volume. We've also identified a potential channel that could be used to track the move up.
Finally, zooming back out to the Monthly Chart, we see the Fib Extensions happen to line up perfectly with every cycle top, completing at the all-time high. Can you say confluence? It's almost too perfect. This chart combined with the previous should be screaming at you by now that this is obvious.
Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling.
- Shadowfigure
Bullish Patterns
Coti/UsdtBINANCE:COTIUSDT
OTC:COTI - Big green candle awaited! 🚀🚀🚀
- Vertical accumulation on H4 below major resistance! 📊
- Safe uptrend on the daily chart 📈
- Weekly chart looks strong with a clean breakout (SSB) & bullish katana ✅
- Recent news (Bankor, V2 upgrade) are also bullish! 📰
The breakout is going to be huge! 💥
**Upper key resistance zones:**
🎯 **$0.2100 - $0.2200** | **$0.2500** | **$0.2700**
Zooming out on the weekly view, OTC:COTI is set for a medium-term run toward **$0.4000**! 🚀
*Not financial advice* 💡
JAPAN 225 INDEX Bullish Projection CHART
Technical Analysis of Japan 225 Index (4H Chart)
Overview:
The Japan 225 index, as depicted on the 4-hour chart, is currently navigating through a complex pattern with multiple trend lines and Fibonacci retracement levels in play.
RSI signaling bullish technically, within zone of "overvalued." This is in alignment with both Trends and Horizontal Support along with multiple other indicators. Also to note, it is falling towards the 200 EMA, it is about to close a gap on a pattern that has broken out bullish, which aligns with a major trend and horizontal support area, which then takes us to the next trendline, which is a bearish trend trading in a bullish direction. Essentially, this is a really important zone. Price either breaks downward, and likely closes another gap showing in yellow on the chart OR price hits support and we really start to see an upward climb. This movement would be similar to how the SP500 is melting up towards the 6500 range.
Here's a detailed analysis:
Trend Analysis:
Support Trend Line: The price is holding above a key ascending support trend line, which has been in place for several months. This trend line acts as a bullish indicator, suggesting that the index has been in an uptrend.
Descending Resistance Line: There is a descending resistance trend line that the price is approaching. A breakout above this line could signal a continuation of the uptrend and potentially lead to higher targets.
Fibonacci Retracement Levels:
38.2% Retracement: The price is currently testing this level around 39,015.11. This is a common retracement level where price often finds support or resistance.
50% Retracement: Located at 38,015.11, this level could act as a strong support if the price breaks below the 38.2% level.
61.8% Retracement: Around 37,015.11, this is a critical level where a deeper pullback might find support before a potential reversal.
Volume Analysis:
Volume Indicators: There is a noticeable increase in volume at key support and resistance levels, indicating strong buying or selling interest. The recent volume spike suggests significant market activity, which could precede a major move.
MACD (Moving Average Convergence Divergence):
MACD Line and Signal Line: The MACD line is above the signal line, which is typically a bullish sign. However, the histogram shows decreasing momentum, which might indicate a potential slowdown or reversal in the current trend.
Price Targets:
Upside Targets: If the price breaks above the descending resistance trend line, the next resistance levels to watch are around 39,015.11 (38.2% Fibonacci), followed by 40,015.11 and 41,015.11.
Downside Targets: A break below the ascending support trend line could see the price retesting the 50% and 61.8% Fibonacci levels, around 38,015.11 and 37,015.11, respectively.
Conclusion:
The Japan 225 index is at a critical juncture, with multiple technical indicators suggesting both potential continuation of the uptrend and possible consolidation or pullback. Traders should watch for a breakout above the descending resistance or a breakdown below the ascending support for clearer directional cues. Monitoring volume and MACD for confirmation of these moves will be crucial for making informed trading decisions.
Cardano bullish triangle - Alt season is hereHey Traders!
Cardano (ADA/USDT) is showing an exciting setup as it forms a symmetrical triangle, signaling that the market is consolidating and preparing for a potential breakout. Based on the current price action, there is a clear bullish bias, but we can’t ignore the possibility of a bearish breakdown.
The price has been respecting the rising support line, currently holding at $1.0489, while resistance stands firm at $1.3269. If the price breaks above this resistance level with strong volume, it could trigger a bullish rally toward the Fibonacci target at $1.7080, offering a promising opportunity for buyers.
However, there’s always risk in these setups. If the price loses momentum and breaks below $1.0489, the bullish scenario would be invalidated, and ADA might drop toward the lower support at $0.9408, marking a bearish turn.
This pattern is a classic decision point. A breakout above resistance signals strength, while a breakdown below support could lead to a deeper retracement. Watch the volume closely for confirmation as we approach the apex of the triangle.
What do you think, traders? Will ADA break out to the upside or slide lower? Let me know your thoughts in the comments below!
XRP triangle - possible bullish outbreak!Hey Traders!
The XRP/USDT chart is forming a symmetrical triangle , signaling a period of consolidation before a potential breakout. Based on the current price action, the setup leans bullish , but there’s still a risk of a bearish breakdown that traders should keep an eye on.
The bullish case is supported by the fact that the triangle follows a strong upward trend, often a sign of continuation to the upside. Additionally, the price has been respecting higher lows, with solid support levels at $2.2500 and $2.2023 , suggesting consistent buying pressure. If the price manages to break above the key resistance at $2.8743 , it could pave the way for a move toward the all-time high at $2.9075 .
However, there’s a bearish risk to consider. If the price breaks below the lower support at $2.2023 , it could trigger a downward move targeting the next support zone around $1.9629 , as indicated by the shaded region on the chart. A breakdown with high volume would confirm a bearish shift in momentum.
For now, the market is at a crossroads. Traders should watch for a breakout above resistance or a breakdown below support before taking action. Managing risk is key—placing stop-losses below $2.2023 can help protect against downside moves, while an entry on a confirmed breakout above resistance could capture the next leg up.
What’s your take on this setup? Are you leaning bullish or bearish? Let me know your thoughts! 🚀
Tempur Sealy International (TPX) Analysis Company Overview:
Tempur Sealy International NYSE:TPX , renowned for its Tempur-Pedic, Sealy, and Stearns & Foster brands, is a dominant player in the global sleep solutions market. Its focus on premium product innovation and strategic global expansion underpins its robust growth trajectory.
Key Growth Drivers:
International Segment Growth:
A 12.4% increase in net sales reflects Tempur Sealy’s successful penetration into international markets, emphasizing its ability to diversify revenue streams and reduce dependence on North American sales.
North American Resilience:
Despite a slight sales decline, the North American segment achieved a 20.1% adjusted operating margin, highlighting efficient cost management and the enduring strength of its brands in a competitive market.
Innovation and Product Line Expansion:
Continued investment in cutting-edge sleep technology and new product launches enhances consumer appeal, supporting higher average selling prices (ASP) and boosting profitability.
Strong Brand Equity and Marketing Strategy:
Recognized as a leader in the industry, Tempur Sealy’s sustained investments in branding and marketing reinforce its dominant market position, driving customer loyalty and expanding market share.
Investment Outlook:
Bullish Stance: We are bullish on TPX above $48.00-$49.00, supported by its global expansion, operational efficiency, and innovative product strategy.
Upside Target: Our price target is $66.00-$68.00, reflecting anticipated revenue growth and market share gains as Tempur Sealy capitalizes on demand for premium sleep solutions.
🛏️ Tempur Sealy—Innovating Comfort, Globally! #TPX #SleepSolutions #GlobalGrowth
DOGE/USDT: 40% RALLY INCOMING!!🚀 Hey everyone! 👋
If you’re loving this analysis, smash that 👍 and follow for more premium setups that deliver results! 💹
🔍 Technical Overview:
DOGE is gearing up for a powerful rally! It has broken out of a symmetrical triangle on the 2-hour timeframe, and the retest is already complete—signaling strong bullish momentum. This could be the perfect time to go long!
🎯 Targets:
Target 1: $0.465
Target 2: $0.504
Target 3: $0.538
Target 4: $0.572
🛡️ Stop Loss: $0.417
⚙️ Leverage: Low leverage (Max 5x)
💬 What’s your perspective on DOGE’s breakout? Are you seeing the same bullish potential? Let’s discuss in the comments, share your analysis, and ride this wave together to maximize gains! 🌊💰
ETH - Trend-Following Long!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ETH has been bullish trading within the rising channel in red.
Currently, ETH is approaching the lower bound of the channel.
Moreover, the level marked in green is a strong round number $3,500.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the round number and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #ETH approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ADA/USDT: READY FOR A 50% RALLY FROM HERE!!Hey everyone! 👋
If this analysis resonates with you, don’t forget to hit that 👍 and follow for more high-value setups! 💹
🔍 Technical Overview:
ADA is showing strong bullish momentum! It is forming an ascending triangle pattern in 4hr time frame and currently, retesting it. Long some here and add more in the dip.
Entry range: CMP and add more up to $1.16
Targets: $1.28/$1.42/$1.56/$1.70
SL: $1.0950
Lev: Use low leverage (Max 5x)
Why This Matters:
The setup points to a decisive bullish breakout for ADA! With the confirmed retest and strong support levels, it’s looking like an excellent opportunity for traders.
💬 What’s your take on ADA’s price action? Are you seeing the same breakout potential? Drop your thoughts and analysis in the comments below, and let’s ride this wave together! 🚀
So the Bull market started you said? :) Long $BTCTechnical and Fundamental look into Bitcoin.
Bitcoin has recently achieved an all-time high (ATH) of around $104,000. The current trading price is slightly below this peak, suggesting a possible consolidation or minor pullback.
The chart here indicated that Bitcoin is currently trading just above a significant resistance level at approximately $102,934.71, which could now act as a new support if the price holds above this level. There's another resistance level higher up, indicating where the price might face selling pressure if it attempts to rise further.
This pattern/idea shows support levels at around $59,022.02, which is quite substantial, suggesting that this was where buyers have historically stepped in. A break below this level could indicate a deeper correction, but as of now, the price is far above this support, indicating STRONG BULLISH SENTIENT.
For this chart's trend it shows clearly that it has been predominantly bullish, with a series of HIGHER HIGHS and HIGHER LOWS! More Bullish Sentiment! The presence of green candlesticks in recent days suggests that the market has been closing higher than it opened , indicating continued buying interest. However, the presence of some red candlesticks near the ATH might signal profit-taking or a short-term bearish sentiment.
The volume on this chart or the indicator at the bottom of the chart shows increased trading volume as Bitcoin approached its ATH, which is typical when prices reach new highs. This could mean that there is significant interest in Bitcoin at these levels, but it also suggests that any move up or down could be volatile.
The Indicators over the chart in red and green arrows indicate the potential buy or sell signals based on various indicators or patterns. If these are based on moving average crossovers, RSI divergence, or other momentum indicators, they could be suggesting entry or exit points for traders.
Conclusion:
If the price can break and close above the higher resistance level with significant volume, it might signal the continuation of the bullish trend, potentially targeting new highs.
Conversely, if the price fails to break this resistance and starts forming lower highs, it might be a sign of a potential reversal or at least a period of consolidation. Watch for any bearish divergence in momentum indicators like the RSI or MACD, which could warn of a potential downturn. For those considering entering a long position, waiting for a pullback to the current resistance-turned-support level could offer a better risk-reward ratio, as this level might now attract buyers. Given the proximity to the ATH, traders should also be cautious of overbought conditions, which might lead to a sharp correction. Setting stop-losses below key support levels would be prudent.
PLEASE REMEMBER: Trading Cryptocurrencies like Bitcoin can be highly volatile, and while technical analysis can provide insights, external factors like regulatory news, macroeconomic conditions, and market sentiment can greatly influence price movements. Always do thorough research and consider your risk tolerance before making trading decisions. THIS IS NOT INTENDED AS FINANCIAL ADVICE. Rather a self help and documentation of my own journey into cryptocurrency! Let's make sure we leave nice comments and leave or talk about what is useful! But random comments are OK! :)
Bitcoin Breaks $100K: Navigating the Path to $150K and BeyondIn this video, we revisit our previous analysis of BTC/USD, where the prior all-time high (ATH) was identified as a critical level. With Bitcoin now surpassing the $100,000 mark, institutional investments are pouring in, potentially driving the price toward our $150,000 take-profit target. However, traders should be cautious of a possible 28% retracement before a surge toward $450,000. The $150,000 level is expected to present significant resistance due to psychological factors, leading investors to diversify into Ethereum (ETH) and altcoins like Solana (SOL). Join me as I analyze current market dynamics, institutional influences, and strategic approaches for swing traders in this evolving landscape.
106K is waitingCoincidence? We had a bull flag and a series of patterns waiting to play out. Suddenly, another symmetrical triangle forms, breaking any possibility of a drop, and a new target of 106K is confirmed. Jerome Powell has positioned gold, which is used to make necklaces, with a digital asset called #bitcoin that is used to make nothing.
106K here we go!
$PRO God Candle Incoming After breaking out of a brutal 116D descending channel, NYSE:PRO looks like it’s about to unleash a god candle on us all 💯
Next Targets:
150% to local high ~$4
235% to previous ATH ~$5.80
415% to new ATH ~$8.90
With @PropyInc sitting at a measly $100m MC, this micro-cap will absolutely rip when the RWA / Real Estate narrative catches fire with Onchain Summer (Base).
USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.300 zone, USDJPY 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 149.300 support.
Trade safe, Joe.
AR Long Spot Trade (Resistance Consolidation Opportunity)Market Context:
AR has moved into a critical resistance zone, where price consolidation could occur before the next upward leg. This presents an opportunity to position for potential breakout gains.
Trade Details:
Entry Zone: Ladder between $23.00 and $27.00.
Take Profit Targets:
First target: $40.00 - $45.00
Second target: $70.00 - $80.00
Stop Loss: Set a deeper stop loss just below $20.00.
This trade anticipates consolidation within the resistance area, with a setup aimed at capturing substantial upside momentum.
How Far Can Giants Like BTC Fall?? Possibly to $75K-$65KBefore BITSTAMP:BTCUSD can continue to make more All Time Highs, Structure must be created to sustain Higher Prices by testing Previous Levels!
These levels consist of a Potential 20 - 30% decline or roughly GETTEX:29K - $21K drop in Price, impossible?? Two Reasons why it may not be:
1) South Korea's temporary Declaration of Martial Law seen Bitcoin Price take a 33% drop to FWB:65K before recovering to $95K. At times of tension or uncertainty, Bitcoin can still be affected regardless of how Bullish it may be!
2) After the November 2021 All Time Highs of $69K stood the goal mark for Price to beat, it took a 77% or $53K drop in Price in just a year.
Now seeing as how Bitcoin formed a Bull Flag @ $73,835 after surpassing the November 2021 Highs and then Broke Bullish after the Trump Administration Presidential win, bias on Bitcoin remains overall Bullish and I believe Price just needs to make a slight Retracement to a Previous Level to find more Support, and that Support ultimately will be Businesses, Corporations and Countries Buying BITSTAMP:BTCUSD at Lower Prices!
The RSI Divergence from Price's Highs and the waning of Bullish Volume suggests that Bulls are losing power and supports the idea of a Price Decline.
*Be on the look out for Price to Pullback to Retest the Previous High of $73,835!
*Fibonacci Retracement from Low @ $49,050 to High @ $99,860 lands our Previous Highs and Closes right around very favorable retracement levels as Potential Pullback levels as well!