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XCH Main trend. 05/08/2024Logarithm. Time frame 1 week (no less is needed). One of the lagging cryptocurrencies. The reason is that the crowd was previously imprisoned thanks to PR by bloggers. Little by little, “faith is being killed.” It is worth paying attention to cryptocurrency, but without fanaticism, observing risk management. 🟡 Secondary trend — the price is still in the range of the accumulation channel, just over 100% of the main set zone. 🟣 Local trend —downward channel. There is a pullback from the channel resistance. Its reversal levels are indicated in yellow. It is also important to break through the resistance of the local downward channel. 📊 Volatility range of trend development now — horizontal channel range levels + fan (partial reference). 📊 After exiting the horizontal channel range (conditional set) — the main focus is on dynamic fan support and resistance zones + partially resistance levels. This is what it looks like on linear.
Long
by SpartaBTC
1
XCH /USDT (Chia) Main trend. Horizontal channel 11.6 monthsLogarithm. Time frame 1 week. Main trend. Maximums trend. False targets. KuCoin exchange chart. At the peak of pumping, under the bull market hype price was HKEX:1600 (OKX exchange, where there is also a significant volume of trades). This price should not be considered in TA because it was made (more than 2000$) at listing and with super low liquidity. Resistance levels (target sell zones) are marked in different colors for clarity. Remember, the less you set targets in the trading tools (coins), the more you earn at a distance in the market. The horizontal channel zone (accumulation of almost 1 year). At the moment of publication, the price has been moving for 350 days (11.6 months) in the parallel horizontal accumulation channel with the step of 108.4%. This is a good sign. The price is now in a squeeze (the average price of this accumulation). This is what the trend looks like on the line chart. Stop Loss Zone. Rationality of the strategy. I would like to emphasize that the stop loss under the support of this accumulation has not been knocked out (reset) at this point. This is not a mandatory action, but it is common. Just keep it in mind and consider it a conditional temporary risk, so to speak. To minimize this contingent risk, use a stop loss or, more rationally, work at an average buy/sell price. Let me remind you again that the price is now clamped with orders on the exchange (it has been there conventionally for 6 weeks) and this is the average price of this parallel channel. I deliberately showed the percentage values of the main support/resistance zones in case of the price compression (6 weeks in a very narrow range) on the chart for orientation and understanding of the logic of work. Secondary trend Time frame 3 days XCH /USDT (Chia) Secondary trend. Channel.
Long
by SpartaBTC
36
Best time to Buy alts - Life time opportunity The uncertainty lies in how the price will respond, as historical halving have seen varied reactions. Often, the price has dropped, but sometimes this decline occurred several months prior to the event. Currently, the price is testing monthly support levels. Technically, there is limited potential for downward movement, given the heightened demand due to ETF involvement. This is my perspective on the current price action; shorter time frames offer little insight, while the monthly timeframe presents a broader view. Over the past few weeks, many trades have been invalidated due to the lack of movement in altcoins. This situation persists. Since we are trading altcoins, I'm providing two charts to assess their status: - Chart displays higher time frame resistance at 57.5. - If manipulation occurs due to the halving, we might see the price tap this resistance and then begin to decline. Consequently, altcoins may experience a minor drop followed by a significant increase. The chart indicates a rising wedge, signaling an uptrend in BTC dominance. A breakdown from this pattern would suggest the beginning of a bull run. The question remains: when will this occur? The answer is elusive as timing cannot be accurately predicted. However, in my view, the timing seems imminent, particularly after the halving event. With the halving, the demand for BTC is expected to surpass its supply, thereby driving prices higher. I anticipate that our positions will soon experience significant gains. Brace yourselves for challenging times and prepare for volatility. Avoid significant losses before the anticipated bull run.
CRYPTOCAP:BTC.D
by Crypto-Adda_Official
ATOM/USDT Local trend. Pivot zone.Logarithm. Time frame 1 day. Pivot zone. A triangle was formed under the descending trend. 🟢 Its breakthrough — reversal and price growth. 🔴 No breakout and downward breakout of the triangle — realization of expected targets of the descending pennant. Stop losses are now very short. On a larger scale on the linear looks like this. Pair to bitcoin. Very important. Highly liquid HYIP alts market as a whole. Published on 10 08 2022 see the idea, description + click play on the chart, this is a closed idea previously. ATOM/BTC Major trend. Asynchrony. The big secret.
by SpartaBTC
TOTAL - What next ?Excited to buy and HODL again Analysis of TOTAL. (Left 4H, Right 1D) We can see price oscillating between 2.2 - 2.6T in a channel, hinting at a possible bullish BOS on Daily TF. Daily Fib lvls, showcasing bullish activity at 0.382 creating a daily Demand Area. on 4H, price made LHs and HLs creating a bullish Pennant Structure that has been broken out of. Our RSI on the left indicates a strong trend and the market is currently overbought at 92, hinting at recent in flow of cash, to strengthen the bullish Trend which was turning bearish. On Wed, 10/04 I anticipate major market moves after News and inflation rates. Higher rates might be a good thing for crypto projects that actually contribute to the community. So I'm long on certain projects with intention of HODL. Leave your thoughts in the comment section, thanks.
CRYPTOCAP:TOTALLong
by Hqboss