ETHUSDT : Downward correction in price channel . Based on the provided ETHUSDT chart, ETH is trading within a descending price channel, with strong resistance at the upper trendline. The price is currently hovering around 2,643 USDT and has failed to break through the upper resistance, indicating that buying pressure is insufficient to push prices higher.
Technical Analysis:
ETH has attempted to test the upper resistance of the channel but has been unsuccessful, increasing the likelihood of a short-term decline.
The 34 and 89 EMA lines are providing dynamic support for ETH, particularly around the 2,608 USDT level, which serves as a crucial support zone to watch.
If the price breaks below the lower trendline of the descending channel, a deeper drop towards lower levels around 2,580 USDT or further could be expected.
Conversely, if ETH manages to recover and break the upper resistance of the channel, the price could rise toward the higher levels around 2,680 - 2,700 USDT.
Prediction: In the short term, ETH is likely to continue its downward movement, testing lower support levels near 2,608 USDT before potentially experiencing a minor rebound.
Buy-signal
SOLUSDT Based on the current SOLUSDT chart, Solana has broken out of a descending channel and is attempting to continue its upward momentum. Here are the key highlights from the technical analysis and market impact:
Breakout from the Descending Channel:
Solana has broken through the upper resistance of the descending price channel. This indicates strong bullish momentum, and SOL is now targeting higher price levels.
Key Support and Resistance Levels:
The support zone is around 146 - 148 USDT (highlighted in green). This area may provide a foundation for further upward movement if the price pulls back slightly.
The major resistance is at 152 - 154 USDT (highlighted in orange). If SOL breaks this resistance, it could push higher with a clear bullish trend.
Short-Term Expectations:
SOLUSDT is likely to experience a slight correction towards the support level around 148 USDT before finding new buying pressure and attempting to test the resistance zone at 152 - 154 USDT.
A successful breakout above the resistance could lead to a significant upward move, with higher targets becoming viable.
Forecast: In the short term, SOLUSDT is expected to retrace slightly towards the 148 USDT area before bouncing back to test the key resistance at 152 - 154 USDT. The weakness of the US dollar and positive sentiment in the cryptocurrency market could fuel further growth for SOLUSDT.
ETHUSDT : Pricing momentum lasts"ETHUSDT is currently on a prolonged downtrend, confined within a descending price channel. My strategy continues to prioritize selling in the long term, although ETHUSDT may experience some upward corrections along the way.
If the upper boundary of the price channel remains intact, it could be a good opportunity to consider selling this coin based on the targets and strategy outlined on the chart.
What about you? Do you think ETHUSDT has the potential to break out of this channel and reverse its trend?
SOLUSDT: Increase while the price is still decreasing?Currently, SOLUSDT is trading within a descending channel, with significant selling pressure keeping it in check. From the chart, we can clearly see the strong support zone (super support) between $120-$130, which has been a key level where SOLUSDT has bounced multiple times in the past.
At this point, it’s likely that SOLUSDT may continue to correct and test this support zone again before making a stronger move upward. The resistance around $180 has yet to be broken, indicating that the longer-term downtrend remains intact. If SOLUSDT fails to break the descending channel, we could see further downside movement towards the support zone before a potential rally.
Forecast: SOLUSDT is likely to experience a slight pullback towards the support zone before possibly gaining momentum for a bullish rebound.
Market sentiment and macroeconomic news will continue to influence this trend, especially as the cryptocurrency market faces ongoing volatility. Stay alert for any developments that might shake up the charts!
ETHUSDT : Price increase but not stable!Hello traders, let’s dive into the analysis of ETHUSDT together!
For today’s review, I’m focusing on the 1D chart, where the price is currently hovering around the $2,656 level.
Trend Overview:
ETHUSDT is showing signs of recovery, with nearly a 3% increase today. While the short-term trend is bullish, it’s clear that the broader, long-term downtrend hasn’t fully played out yet.
However, there’s reason to be optimistic. We could be on the verge of another upward movement as the pair gears up for the next correction, supported by the formation of two higher lows.
I expect ETH to rise again, gaining momentum from the marked support level.
Happy trading, and good luck!
DOT - A Risky Opportunity for HoldingBINANCE:DOTUSDT (1W CHART) Technical Analysis Update
DOT is currently trading at $5.9 and the price is in a consolidation state. As we expect a bull market in crypto, it's likely that the price will bounce back from this consolidation zone. This is a good opportunity to buy some and hold in the spot market.
Entry level: $ 5.9
Stop Loss Level: $ 4.7
TakeProfit 1: $ 8.811
TakeProfit 2: $ 10.667
TakeProfit 3: $ 16.852
TakeProfit 4: $ 23.526
Max Leverage: 2x / Sport
Position Size: 0.5% of capital
Remember to set your stop loss.
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GreenCrypto
UNI - Playing around the resistance level#UNI/USDT #Analysis
Description
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+ UNI's price is currently moving towards the resistance level around $14-$16.
+ If this resistance is broken, the price could head towards the next resistance around $30.
+ The subsequent resistance level is around $45, which is UNI's previous all-time high (ATH).
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VectorAlgo Trade Details
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Entry Price: 11.36
Stop Loss: 8
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Target 1: 14
Target 2: 22
Target 3: 30
Target 4: 45
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Timeframe: W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
GALA - Has potential - Buy in SpotBINANCE:GALAUSDT (1W CHART) Technical Analysis Update
GALA is currently trading at $0.02823 and price is retracing after breaking out from the resistance line, since the price had significant retracement, i'm expecting this support line to hold and bounce back from it. This gives a good opportunity for long trade,
You can either buy in spot market or in future with low leverage (minimise your risks)
Entry level: $ 0.02435 - 0.02817
Stop Loss Level: $ 0.01399
TakeProfit 1: $ 0.03599
TakeProfit 2: $ 0.04789
TakeProfit 3: $ 0.06562
TakeProfit 4: $ 0.13133
TakeProfit 5: $ 0.28521
Max Leverage: 2x or Spot
Position Size: 1% of capital
Remember to set your stop loss.
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GreenCrypto
ONE - Looking like a moon trade #ONE/USDT #Analysis
Description
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+ The price has reached the broadening wedge pattern and is currently trading within the support zone.
+ I anticipate this support holding and the price rebounding from this zone. (However, if this support fails, our trade is invalidated.)
+ I'm initiating a short position at this point and will consider adding more once the rebound is confirmed.
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VectorAlgo Trade Details
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Entry Price: 0.01983
Stop Loss: 0.01595
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Target 1: 0.02251
Target 2: 0.02560
Target 3: 0.03124
Target 4: 0.03931
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Buy signal for Lido #LDOLido #LDO has produced a buy signal on the daily chart. The “doji” candle marks the signal, and the shadow of the candle is the point from which the stoploss will be placed.
The buy signal, if effective, will face a resistance (dashed black line) that if overcome will take the price even higher.
Technical Analysis: EURUSD potential Double Bottom EURUSD is looking quite bearish right now. Many of our Indicators are showing signs the price may continue to drop for a few days.
Our Sell Momentum has yet to end and our Momentum and Fear & Greed Index oscillators are only showing Bearish sell pressure on this current bar. This means that the price could pull back out of this dump and continue upwards; only time will tell. However, it’s not looking good in the short term.
EURUSD’s overall trend is downwards and it looks like it may test its current bottom quite soon. This could be a great thing for bullish price movement if it only touches the bottom pivot and doesn’t crash through; as it would signify a double bottom.
We will conclude with, EURUSD is looking quite bearish in the short term with strong bullish potential if the double bottom occurs.
CHZ - Bullish on Weekly Chart#CHZ/USDT #Analysis
Description
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+ Looking at the weekly chart, CHZ is displaying a distinct breakout from the channel, indicating an overall bullish signal.
+ Examining the higher timeframe reinforces this bullish sentiment.
+ On the lower timeframe, we might anticipate a price pullback, presenting a favorable opportunity to improve our entry price through averaging.
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VectorAlgo Trade Details
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Entry Price: 0.12756
Stop Loss: 0.04482
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Target 1: 0.16175
Target 2: 0.24233
Target 3: 0.35612
Target 4: 0.46627
Target 5: 0.90295
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
GOLD - Bearish Correction Incoming!Gold / XAUUSD has potential for a small bullish pump over the next few days; followed by a bearish correction.
We have some Buy Signal Momentum currently going; it hasn't ended yet but this current bar is displaying it; this implies now is still considered to be a good time to buy but may not be tomorrow! The buy rating started at 1☆ and is closing at a 2☆; this may imply a push back to the $2474 region.
Gold has consolidated for quite awhile meaning that it's RSI has had some time to cool down and is now relatively neutral at 55; however our YinYang RSI is still saying quite overvalued and that a dump is underway.
Conclusion: A small pump may occur over the next few days; however we don't think this is long term. We believe Gold may get rejected ~2474 and continue in a downtrend towards the 2190 region.
GRT/USDT - Descending Triangle Pattern - LONG TradeBINANCE:GRTUSDT (4H CHART) Technical Analysis Update
GRT is currently trading at $0.3942 and showing overall bullish sentiment.
Currently the price has formed a nice descending triangle. Price has successfully broken out from the descending triangle and now the price is retesting. This is a good opportunity for a long trade with decent RR.
Entry level: $ 0.3972 (after retracement)
Stop Loss Level: $ 0.3491
TakeProfit 1: $ 0.4211
TakeProfit 2: $ 0.451
TakeProfit 3: $ 0.4959
Max Leverage: 5-10x
Position Size: 1% of capital
Don't forget to keep stop loss.
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GreenCrypto
INVZ Innoviz Technologies Buy OpportunityI believe this could be a Premium idea, but let's wait and see how it unfolds:
In March, INVZ saw some unusual out-of-the-money calls valued at over $1 million with a $2.5 strike price, expiring on April 19th.
Upon reviewing the chart, it resembles a double bottom pattern, suggesting a potential price target of $2.85 if a reversal occurs.
Recently, OUST, a rival company, announced record revenue for the fourth quarter and its stock price doubled. Similarly, INVZ reported record revenue and has a partnership with the industry giant Mobileye.
OUST's results underscore the importance of Lidar companies expanding beyond the automotive market.
Lidar technology can serve various purposes, such as enabling cars to navigate highways for adaptive cruise control or assisting humanoid robots in performing basic tasks with AI.
Some of the robots seen at Nvidia's recent event had eyes provided by Ouster lidar, according to Ouster.
Considering these factors, I speculate that the $2.5 calls on INVZ may be linked to a significant upcoming catalyst, possibly even a buyout.
DOGEUSDT - Confirmed Breakout - Enter on RetraceBINANCE:DOGEUSDT (4H CHART) Technical Analysis Update
DOGE is currently trading at $0.08319 and showing overall bullish sentiment after the breakout from the descending triangle pattern.
We are expecting the price to retrace back to the support line and once it hits the support we can enter the long position.
Entry level: $ 0.08091 - 0.08316
Stop loss level: $ 0.07473
Target 1: $ 0.08599
Target 2: $ 0.08958
Target 3: $ 0.9814
Target 4: $ 0.10733
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
SEI - A Technical Analysis - New High is Breakout or Fakeout ? BINANCE:SEIUSDT (1D CHART) Technical Analysis Update
SEI is currently trading at $0.9030 and showing overall bullish sentiment
We are seeing confirmed breakout from the resistance zone. Currently price is heading back to its support level (Previous resistance level), we can expect the price to bounce back after hitting the support level.
Enter 50% of the position now and rest after the pull back.
Entry level: $ 0.8468 - 0.9034
Stop loss level: $ 0.6529
Target 1: $ 0.9982
Target 2: $ 1.1195
Target 3: $ 1.4870
Target 4: $ 1.9038
Max Leverage: 2x
Don't forget to keep stop loss.
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GreenCrypto
Litecoin (LTCUSDT) Market MomentumLitecoin (LTCUSDT) has been a steady force, treading above the 61.8% Fibonacci support area since late September 2023, creating a stronghold of demand around the $64 level. The recent resurgence sees LTCUSDT reclaiming its position above the long-term uptrend trendline, signaling the potential validation of a mid-term uptrend.
In today's analysis, a compelling chapter unfolds as we witness a potential clean bounce off the short-term uptrend trendline—a support pillar that currently cradles Litecoin's price. Notably, the $69 zone emerges as an attractive buying opportunity, boasting a risk-to-reward trade setup that promises solidity and potential gains.
The journey ahead for LTC holds promise. The $69 zone, with its strategic positioning and enticing risk profile, beckons as a gateway to potential market opportunities. As the gears of Litecoin's market dynamics click into place, our sights are set on the $87 resistance area, where the next chapter of LTC's upward trajectory may unfold.
FIL - Next Target is 28$ ( +225% Profit Opportunity)#FIL/USDT #Analysis
Description
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+ As depicted in the chart, FIL has developed a well-defined saucer pattern and has effectively surpassed the resistance level.
+ This unmistakably signals the imminent bullish phase for FIL.
+ I intend to enter a LONG trade at the current price, allocating 0.2% of the capital. The profit potential appears substantial from my analysis.
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VectorAlgo Trade Details
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Entry Price:
Stop Loss:
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Target 1: 9.16
Target 2: 9.8
Target 3: 11.11
Target 4: 13.52
Target 5: 16.24
Target 6: 20.34
Target 7: 28.22
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
LTCBTC Potential ReversalLitecoin has maintained a persistent downward trend against Bitcoin, but today's observation brings a potential turning point into focus. A discernible rebound has occurred, precisely off the 441.4% Fibonacci support level, hinting at the potential conclusion of the decline.
To solidify this potential reversal, it's imperative to monitor the daily close, ensuring it remains above the 0.001341 support. Should this condition be met, LTCBTC could be preparing for an upward surge toward the 61.8% Fibonacci resistance. Notably, this level aligns with a previously established supply/demand zone, adding an extra layer of significance to the potential reversal scenario.