OMG Tripple Bottomed day touching 200 day moving averageThis is an incredibly buillish sign. I'm seeing things all over the market preparing for a huge boom and omg is showing incredibly bullish characteristics with a tripple bottom and each time it wicked down it tapped the 200day moving average with what looks like immediate rejection also loving so much positive volume
Bullishpattern
BTC Golden cross on weekly, Bull Flag, Big Boom!We have a 50 & 200 day moving average which as an amazing sight!
I personally like to look at the larger time frames and work my way in, it tells me the more appropriate story that way.
Right now we've got a beautiful bull flag forming,
The price target happens to coincide with a very significant resistance line, leading me to believe bitcoin will be seeing previous all time highs within the next few weeks.
With as much FUD as i'm seeing and the amount of shorts that'll be liquidated, it just seems to be adding up to that time. See you guys in the bull market!
Tracking Technicals
QUANT (QNT) - A Deep Dive into Its Bullish Weekly Timeframe Hello, TradingView aficionados!
Today, I'm taking a closer look at QUANT (QNT), specifically analyzing its performance on the weekly timeframe. There's a lot to unpack here in terms of technical indicators and bullish signals, so let's dive into the nitty-gritty.
Weekly Timeframe Analysis:
Support/Resistance (S/R) Dynamics: On the weekly chart, QUANT has been consistently testing and respecting key S/R levels. The recent bounce off a significant support level indicates strong buying interest at these price points, a bullish signal for potential upward movement.
Trend Analysis: The application of trend lines and channels on the weekly timeframe reveals a potential reversal pattern. Look out for a breakout above the descending trend line which could signify a trend reversal from bearish to bullish.
Bullish Indicators and Metrics:
Volume Analysis: An uptick in trading volume accompanying price increases is a sign of strong buyer interest, adding credence to the bullish outlook.
Fundamental Overlays:
While the focus here is on technical analysis, it's always beneficial to overlay fundamental aspects. QUANT's unique proposition in blockchain interoperability and its enterprise-grade solutions provide a solid fundamental backdrop to the technical outlook.
Trading Strategy:
Entry Points: Identify entry points post a confirmed S/R flip or a breakout from the descending trend line.
Exit Points: Setting up profit targets near historical resistance levels and using trailing stops can optimize exit points.
Risk Management: Given the inherent volatility in crypto markets, it's crucial to manage risk by allocating only a portion of your portfolio to such trades and setting up strict stop-loss orders.
Conclusion:
QUANT's weekly timeframe analysis paints a bullish picture, backed by several technical indicators. However, always remember, no analysis is foolproof. Diversify your risks and keep abreast of broader market movements.
Eager to hear your analysis and viewpoints on QUANT’s current market position. Let's engage in a fruitful discussion!
Happy Trading!
IOTA/USDT - Poised for a Turnaround Post Liquidity Sweep and S/RToday, I'd like to delve into the intriguing dynamics of IOTA/USDT, particularly highlighting its current positioning on the higher time frames, complemented by a detailed look at the daily trade setup. We're observing some compelling signals that suggest a potential upside in the near term.
Technical Analysis:
Higher Time Frame Outlook: The higher time frame for IOTA/USDT has been showing strength and stability, laying a solid foundation for potential bullish movements.
Liquidity Sweep Completed: Recently, IOTA has undergone a liquidity sweep, which is often a precursor to a significant directional move. This sweep can signal the exhaustion of selling pressure, setting the stage for a bullish reversal.
Support/Resistance Flip: A key development to note is the S/R flipping. IOTA has turned what was once resistance into support, a classic bullish signal that often precedes upward price movement.
Daily Trade Perspective:
Entry Points: Look for confirmation of support holding on the daily time frame, which could serve as a robust entry point.
Targeting Profits: Set your profit targets based on key resistance levels overhead, which could act as potential take-profit zones.
Risk Management: Given the volatility of the crypto market, it's crucial to employ prudent risk management strategies. Ensure to set appropriate stop-loss orders to protect your capital.
Why IOTA is Worth Watching:
IOTA's unique technology, particularly its Tangle ledger, offers significant advantages over traditional blockchain in terms of scalability and transaction fees, making it a noteworthy project in the crypto space.
Continuous development and potential adoption scenarios in IoT (Internet of Things) make IOTA a fundamentally strong project with promising future prospects.
Conclusion:
The combination of a positive higher time frame outlook, a completed liquidity sweep, and a successful S/R flip creates a potentially lucrative scenario for IOTA/USDT. As with any trade, keep an eye on the broader market sentiment and news that might impact the crypto market.
I'm eager to hear your views and approaches to this setup. Let's discuss more in the comments section below!
Happy Trading!
SPX Double Top - January 2024 Recession: Target 1599Hello everybody, I have been keeping a close eye on our economy and indices and it looks like we are already in a recession. This will be one of the biggest recessions in history and will make 1929 and 2008 look like a correction. As job layoffs continue, we expect this to increase dramatically for the next couple of years. On a technical level we are witnessing a major double top
Bullish Reversal in Sight for AVAX/USDT on Higher Time FrHello, fellow traders!
Today, I'd like to share an exciting observation on the AVAX/USDT pair, which is currently showing promising signs of a bullish reversal on higher time frames. After a period of downward movement, it seems that Avalanche (AVAX) is gaining momentum against Tether (USDT), signaling a potential shift in market sentiment.
Key Observations:
Trend Reversal: The higher time frame charts are indicating a reversal from a bearish to a bullish trend. This change in trend direction suggests a growing confidence in AVAX.
Potential Upside Movement: Based on this reversal, we can anticipate an upward trajectory in the price of AVAX relative to USDT. For those looking to capitalize on this movement, considering long positions could be a strategic approach.
Technical Analysis: The analysis is grounded in a technical approach, focusing on price actions and historical movements. As always, I recommend keeping an eye on key resistance and support levels to refine entry and exit points.
Trading Strategy:
Entry Point: Look for confirmation of the bullish trend through additional indicators or candlestick patterns.
Exit Strategy: Set clear profit targets and stop-loss orders to manage risk effectively.
Risk Management: As with any trade, it's crucial to assess your risk tolerance and adjust your position sizes accordingly.
This observation presents a potentially lucrative opportunity for those willing to ride the wave of AVAX's upward momentum. However, remember that the crypto market is volatile and it's important to do your own research and analysis before making any trades.
I'm keen to hear your thoughts and strategies on this. Feel free to share your insights or ask questions in the comments below. Let's navigate these market movements together!
Happy Trading!
MANA ANALYSIS🔮 #MANA Analysis 💰💰
🌟🚀 #MANA is trading in a Symmetrical Triangle Pattern and gave a breakout. The price is currently going and showing a good bullish moment. 🚀🚀
🔖 Current Price: $0.4850
⏳️ Target Price: $0.5811
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #MANA. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#MANA #Cryptocurrency #DYOR
FIL 17.01.24In an environment where the market is generally positive, the halving is approaching, and finally interest rate cuts are discussed, FIL coin will also get its share.
The rising trend (green line) will be the best place to buy, but since I do not want to wait, it would be best to buy in pieces, including these levels.
It will be ready to fly when the 4-hour candle closes above the falling trend (red line) and retests.
TP1 : 7.4
TP2 : 7.99 (psychological resistance)
TP3 : 8.61
What I write here serves as a note to myself. Does not include investment advice.
Greaves cotton breakout of descending triangle looks good greaves cotton looks good with support tested after testing support at 120 two times.
If markets are bullish can reach first resistance according to triangular pattern.
only investment script not suitable for intraday trading or even MTF holding.
thank you.
XRPUSDTXRPUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 0.600
What you guys think of this idea?
AVAXUSDTAVAXUSDT is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 41.2.
What you guys think of this idea?
⤴️⤴️ Gold vip) fullback up ⬆️)Hello trader’s what do you think about gold) ?
Gold this week fullback up ⬆️
gold cpi news service 2024) down back up 2065) retest support 2030)
And breakdown support levels fullback 2086) resistance levels)
Looking 👀 H4 tame-frame🖼️ ⤴️⤴️
Looking 👀 3H tame frame 🖼️ ⤴️⤴️
Looking 👀 2H tame frame 🖼️ ⤴️⤴️
safe trade 🙏🙏❤️🩵 Plaes like 👍🏻 and comment’s)
⤴️⤴️AUDUSD) bullish market sentiment analysis)Hello trader’s what do you think about Audusd)?
Audusd 4H tame frame 🖼️ bullish momentum in market sentiment and Trendlinien. I think 💭 Audusd retest support levels fullback up ⬆️
Entry 0.66627
Target 0.67906
Target 0.68819
safe trade 🙏🙏🩵❤️ pales like 👍🏻 and comments)
TSLA Bullish Volume DetectedTSLA on a 15 minute chart is showing bullish volume trend as detected by the Unusual Market Volume Detector indicator.
Green color showed up after consistent Red for the last week or so. The bullish Price Action is consistent with the bullish volume trend. Watch out for any Divergence i.e. Purple color in the lower panel. More importantly what color shows up after the divergence will be the key.