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#MBOX Ready for a Pullback or Will it Fall Further? Key LevelsYello, Paradisers! Is #MBOX gearing up for another rally, or are we facing a deeper pullback to shake out the weak hands? Let's break down the latest analysis of #MOBOX: 💎#MBOXUSDT has been trading within a well-defined Descending Channel since its peak earlier this year. It has recently shown signs of strength by breaking out of the channel resistance while sweeping liquidity near $0.35 and then reversing. Currently, the asset is coming down to the lower support zones for a liquidity capture. 💎The $0.38–$0.42 range is a critical supply area where the profit-taking wave comes into play. For any sustainable rally, #MBOXUSD must clear this zone decisively as it has historically served as a rejection point. 💎If AMEX:MBOX maintains support above $0.17 and builds momentum, we could see a powerful surge toward the $0.38-$0.42 resistance zone. Breaking above $0.42 would unlock further upside, with potential targets around $0.50 or even $0.55. However, bulls need strong volume and conviction to fuel this breakout. 💎The support zone between $0.17 and $0.119 remains the Bulls' primary defensive line. A daily candle closing below the $0.119 support level would invalidate the bullish thesis, paving the way for a potential drop toward $0.10 or lower. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
ATCryptoScan: BTCUSD into early 2025... how ah?Previously, called for a moderated 88K BTCUSD by the end pf 2024. Its two days away and currently about 93K. What I like about these recent downside targets is that they get close but not there nor exceeded. This tells me that there is underlying demand. However, as previously marked, it really appears that regardless of support currently, there should be a (brief) meeting of 75K around early Feb 2025. So... just marking out with a purple pencil the path BTCUSD should be taking somewhat. Targets are projected and technical indicators are not strong, so there is downside risk. MACD has broken below zerop line, and Rate of VolDiv is decelerating fast. I'd be waiting and ready... Have a Happy New Year!
BITSTAMP:BTCUSD
by Auguraltrader
USDT Dominance Chart Analysis. The chart shows a symmetrical triangle formation, indicating a potential breakout scenario. A break to the downside could lead to a significant decrease in USDT dominance, as the chart’s measured move suggests. A breakdown from current levels could result in a drop to 18.77%, aiming to move towards 3.50% dominance. Breakdown Scenario: If the dominance breaks below 4.30%, expect a drop towards 3.50%. This could be in line with a bullish scenario for the altcoin, as a decrease in USDT dominance often signals capital inflows into crypto assets. A move above 4.40% would invalidate the bearish setup and could signal further consolidation or an upside breakout. A drop in USDT dominance often correlates with altcoin rallies, as traders allocate capital to riskier assets. Wait for a confirmed breakout or breakdown with adequate volume before entering any position. Disclaimer: Chart patterns provide probabilities, not guarantees. Do additional research and ensure proper risk management before taking action. Let me know if you’d like further assistance or adjustments! DYOR. NFA
CRYPTOCAP:USDT.D
by CryptoSanders9563
THETA - A Nice Pattern for a quick tradeBINANCE:THETAUSDT (1D CHART) Technical Analysis Update THETA is currently trading at $2.33 and showing overall bearish sentiment Price got rejected from the resistance within the channel and expected to crash further. There is a good short trade opportunity here. Entry level: $ 2.33 Stop Loss Level: $ 2.58 TakeProfit 1: $ 2.1 TakeProfit 2: $ 2.0 TakeProfit 3: $ 1.9 TakeProfit 4: $ 1.78 Max Leverage: 5x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
Short
by GreenCryptoTrades
1
ETH cooling off?ETH broke a fib level of 0.786 at 3,406 now on a downtrend towards the 0.618 level at 2,866 in the monthly. Weekly fib, floating right under 3,406 bounced off a 3,213 support. Quick conclusion, on a cool downtrend watching the 2,866 fib level if it breaks the 3,213 support. On the Daily currently showed a reverse double stop, rejecting price forcing it down. Now cooking in a triangle on the daily on a downtrend which usually indicates bearish signals. Zoom out still trending up, watching the 3,406 fib level for uptrend signals. Don't forget what, and who you're doing this for. Remember to always to take your profits, DYOR, and invest only what you can afford to lose. My stuff is never any financial advice, i just post my opinions of stuff that i am on, goodluck, and happy holidays!
COINBASE:ETHUSD
by forstockzonly
ENS Price Action: Rebound Imminent or Bearish Freefall?Yello, Paradisers! Is #ENSUSDT gearing up for a significant rally, or are we looking at a bearish breakdown? Let’s take a closer look at what the charts are telling us. 💎#ENS seems poised to retest its support level before potentially continuing its upward movement. A breakout above the minor resistance could spark a strong rally, with the price likely heading toward the next key target at the strong resistance area. 💎However, there’s a risk to watch out for. If ENS fails to rebound and breaks below the support zone, the price could head lower, potentially hitting the bullish order block or demand area. This region is crucial for maintaining a bullish structure. If ENS manages to reclaim support around the $32 mark, there’s a good chance of a rebound and resumption of the upward move. 💎On the flip side, if the daily candle closes below this area, it would signal a bearish invalidation. In that case, we could see a deeper dip, with ENS entering a completely bearish phase and continuing its downward trajectory. Stay disciplined, trade smart, and let’s navigate this market with a professional mindset! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
Bitcoin $BTCUSD Bear FlagBitcoin BITSTAMP:BTCUSD Bear Flag 📉 What is a Bear Flag? 📉 A bear flag is a technical pattern signaling a continuation of a downtrend. It starts with a steep price drop (the flagpole) followed by a brief consolidation in a parallel channel (the flag). If the price breaks below the flag's support, it often indicates further downside. ⚠️ 💡 Key Features: Flagpole: Sharp price drop. Flag: Sideways or upward consolidation. Breakdown: Signals bearish continuation. Traders watch this pattern to spot potential selling opportunities. 🚨 #CryptoEducation #BearFlag #Bitcoin #TradingTips #CryptoAnalysis
BITSTAMP:BTCUSDShort
by AlgoTradeAlert