Moonriver Reversal Pattern Updated (159%, 489% & 820% Pot.)Back in late 2023 Moonriver (MOVRUSDT) produced a rounded bottom before a major bullish wave. Now, in 2024, we are seeing triangular bottom, which ends in an ascending triangle before bullish growth. We also have almost 5 months of consolidation below resistance.
The reversal pattern on its own is good but the fact that the action is moving today above the triangle's neckline (or baseline) is the most interesting part. If the pattern is not complete, anything goes; but once in the bullish zone, the probabilities favor a continuation.
In this MOVRUSDT chart we have a long-term higher low and after 9 months of bearish action, a major correction, I wouldn't be surprised to see growth.
Chart like this one are quite mixed. We can see bullish next day or next week but the breakout can happen within months; patience is key.
You can find the targets on the chart. These are short- to mid-term. Long-term it can go higher and higher and higher... And higher.
Thank you for reading.
Your support is appreciated.
Namaste.
Chart Patterns
Trading Signal For SHIBUSDT Trading Setup:
A Trading Signal is seen in the SHIBUSDT SHIBAINU (4h)
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 0.00001702
⭕️SL @ 0.00001540
🔵TP1 @ 0.00002037
🔵TP2 @ 0.00002298
🔵TP3 @ 0.00002691
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
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DOGS/USDT: Persistent Bearish Momentum with No Bullish Signalshello guys.
Consistent Downtrend: Price remains confined within a strong descending channel, repeatedly failing to break above the channel's upper boundary.
No Bullish Signals: There are no signs of bullish divergence or reversal patterns, which suggests that the downtrend is likely to continue in the near term.
Weak Support: Although there’s minor support around 0.0005400 - 0.0005300, the lack of bullish reaction at this level implies weak buyer interest.
Potential for Further Decline: Without any bullish signals, the price is likely to test lower support levels within the channel.
BITCOIN - Price can bounce from resistance line and start fallHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some time ago price entered to rising channel, where it at once bounced from $63600 level and started to trades below.
Price some time traded below and even declined almost to support line of channel, after which bounced and started to grow.
Soon, price broke $63600 level and later reached resistance line of channel, but then turned around and made correction.
After correction, BTC turned around and in a short time rose to $73600 level, but at once made correction to support line.
But then price made impulse up, thereby breaking $73600 level and now it trades near resistance line of channel.
BTC can bounce from resistance line and start decline to $72600 which is located support area.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
BTCUSDT- Strong bullish trend to grow to 82K in two weeks!BTCUSDT- Strong bullish trend to grow to 82K in two weeks!
Next growth targets from short-term to long-term:
🎯 Target 1: 76,292.75
🎯 Target 2: 78,209.70
🎯 Target 3: 80,859.67
🎯 Target 4: 82,293.50
Stop-loss for the strong bullish scenario: A breakout of the bullish trendline drawn in the chart on the 1-hour timeframe won’t turn the trend bearish, but it could lead to a deeper drop down to the 67,619.38 area before growth resumes
#BITCOIN based on the 1-hour timeframe: As long as it remains above the bullish trendline drawn in the chart, it maintains a strong bullish trend and can continue its growth without any significant drop 📈
In this scenario, the maximum drop would be to either the 73,757.17 support level or the 1-hour bullish trendline. After touching these supports, the drop is expected to stop, and growth should resume towards the next targets 📊
Note: There's a chance that growth could start from this area due to the breakout of the last bearish channel in the 15-minute timeframe. If you decide to buy in this case, make sure to risk-free on Target 1
Floki (FLOKI):Possible MSB (market structure break) To Happen?Floki coin might be setting up for a nice MSB (Market Structure Break). On the daily timeframe, we’re focused on fair-value gap zones, while on the hourly timeframe, we’re watching the MSB zone. This zone will determine if we see a breakout and upward movement or a rejection and downward movement. 👀
More in-depth info is in the video—enjoy!
Swallow Team
Polygon Ecosystem Token (POL) Classic Bullish SignalsGood afternoon my fellow trader, how are you doing?
I hope your day is good, your life is good and your weekend starts good, and it should because everywhere we look all around us, everything is getting better and better —all is good.
We are looking at POLUSDT (Polygon Ecosystem Token) and cannot fail but to notice a large combination of our classic bullish signals, the bullish signals that we most often look for to spot a trend reversal.
There is a falling wedge pattern in the form of an ending diagonal. There is a rounded bottom at the end of this pattern. There is a break and recovery of support, and finally, super high and strong bullish volume is present on the chart.
The last four days are super strong, super high, super green; the market is calling for a bullish wave —all the signals are in.
👉 POLUSDT is bullish now. The targets can be seen on the chart... Would you follow me?
Thank you for reading.
Namaste.
XAU/USD : Bullish Movement Ahead ? (READ THE CAPTION)Analyzing the #Gold chart on the 4-hour timeframe, we see that yesterday’s bearish trend played out as expected, hitting all downside targets at $2717, $2700, and $2686, even extending further to $2643. This aggressive decline resulted in over 1000 pips of movement within a single day.
Currently trading around $2670, gold faces a significant liquidity gap, and with the interest rate decision due tonight, I expect the price to recover and potentially fill this gap. Expect heavy market volatility—trade cautiously!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
HMSTRUSDT trade opportunityHello everyone,
In this analysis, we’ll look into the ongoing downtrend for HMSTRUSDT and explore our plans as it approaches a critical support level. We aim to capture potential accumulation opportunities while keeping both short- and long-term targets in view. Let’s break down the outlook:
Currently, HMSTRUSDT remains in a steady downtrend, but as the price moves closer to a significant support zone, our plan is to accumulate around this area. This zone aligns with the previous bottom, where we anticipate a strong response from buyers. The accumulation phase here could provide a favorable risk-reward entry, especially if we see a breakout through the previous low and movement along the paths illustrated on the chart.
Our targets are clearly marked, with both a short-term target for quicker gains and a final target reflecting a more substantial upward move if the breakout sustains. Each target is chosen based on historical resistance levels and anticipated price action post-breakout. This dual approach offers flexibility to adapt based on market conditions.
We welcome your thoughts on this analysis and look forward to discussing potential outcomes!
ETH USDTThe chart shows Ethereum (ETH) forming a symmetrical triangle pattern, characterized by converging lower highs and higher lows, which signals a consolidation phase. This pattern suggests that the price is coiling up for a significant move. Currently, Ethereum is nearing the upper resistance line of the triangle, indicating a potential breakout. If ETH breaks above this resistance, it could lead to a strong bullish rally, with projected price targets in the $3,300–$3,500 range. The chart's projection hints at a steady upward trend after the breakout. For confirmation, an increase in trading volume would typically accompany such a move, solidifying the breakout and driving momentum. Overall, Ethereum is approaching a pivotal moment where a breakout could trigger a major upward trend.
S&P500: Very bullish after Trump's win! But...Market is still bullish, but momentum is weakening.
There's a clear support zone at between 5910 to 5950. This is where I forecast it will drop to if profit taking were to happen.
If you want to be trading short term, then make sure you see signs of reversal at the 4H chart...like bearish engulfing, tweezer top or double/triple top / H&S at the lower timeframes (1H or 15min).
Then move down to 5min to look for divergences or lower highs for entry.
DOGECOIN soon will breakout from monthly resistance Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, while highlighting the key resistance levels that are critical for the next phase of price action. 📚💡
To begin with, the most significant resistance we are currently facing is around the 23-cent mark. This level has proven to be a formidable barrier, as Dogecoin has failed to break above it and sustain upward momentum for more than a year. However, given the recent surge in volume and the overall market conditions, there is a strong possibility that we will see this resistance level broken to the upside in the near future. The primary short-term target is clearly indicated on the chart, and we are watching this level closely for a potential breakout. 📚🙌
Following that, the next major resistance level to be aware of is the 34-cent price range. This resistance has also been in place for more than two years, with the price repeatedly failing to push past it. The behavior of Dogecoin’s price near this level will be crucial, as any significant move toward 34 cents could indicate whether the cryptocurrency is truly ready for a sustained rally. We will continue to monitor this area closely and provide further analysis in future updates. 📚✨
In upcoming analyses, I will dive deeper into the price action around these resistance levels, discussing the potential scenarios and key indicators to watch for as we approach these critical price points. Understanding these levels is vital for making informed trading decisions in the coming weeks. 📚🎇
🧨 Our team's main opinion is In this analysis, I highlight key resistance levels for Dogecoin, with the first major hurdle at 23 cents and the next at 34 cents, both of which have been strong barriers for over a year. A potential breakout above these levels could signal a shift in price momentum, and I will continue monitoring these levels in future updates. 🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
BTC LONG TP:78000 1HR 08-11-2024I have uploaded an analysis on a 1-hour timeframe, setting a target price of 78,000. This analysis is valid for 24 hours; if conditions do not meet expectations, it will be invalidated. Stay alert to market fluctuations and manage your risk effectively. Good luck to everyone! #Trading #Bitcoin
BITCOIN Is Going Up! Long!
Here is our detailed technical review for BITCOIN.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 76,455.27.
Considering the today's price action, probabilities will be high to see a movement to 78,368.39.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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