DYDX Secondary Trend. Capitulation Zone. Wedge. 30 08 2024Logarithm. Time frame 3 days.
Line chart.
Main trend and this secondary trend zone in it.
DYDX Main trend 30 08 2024
Cryptocurrrency
DYDX Main trend 30 08 2024Logarithm. Time frame 1 week. Horizontal channel. Beginning of entry into the capitulation zone (under channel support). Formation of a locally descending wedge, in the final phase of formation (volatility narrowing).
Line chart.
Secondary trend. Wedge.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Fibonacci Level - 61.80%
Rising Wedge as an Corrective Pattern in Short Time Frame
CHoCH
Demand Zone
Completed " 1234 " Impulsive Waves
Amendment by the beginning of 2028 to the range of $30,000Amendment by the beginning of 2028 to the range of $30,000
BTCUSDPair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Demand Zone
LRC/USD Local trend. Wedge. Capitulation zone 17 08 2024Logarithm. Time frame 3 days (no less).
The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity.
Linear without market noise.
Main trend (most of the price chart history).
LRC/USDT Main Trend 08/17/2024Main trend (the most visible part). Logarithm. Time frame 1 week. Loopring is an open protocol for building decentralized exchanges.
The price is in the capitulation zone in a local descending wedge, after breaking the long-term horizontal channel. The percentages are shown from the key zones for clarity.
The chart also shows the dynamic support/resistance zones of the Gann fan (bullish and bearish).
It is worth noting that the price is at a significant profit of crypto funds 4-26X, but most of the volume has already been redistributed.
Linear for clarity of the trend.
Secondary trend
ETHUSDPair : EHTUSD ( Ethereum / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
CHoCH
Bullish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 61.80%
Potential bullish bounce?Bitcoin (BTC/USD) is falling towards the pivot which is an overlap support and could bounce to the 1st resistance level which has been identified as a pullback resistance.
Pivot: 56,833.90
1st Support: 56,677.44
1st Resistance: 61,685.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?Bitcoin (BTC/USD) has reacted off the pivot and could fall to the 1st support level which is a pullback support.
Pivot: 56,868.43
1st Support: 51,276.67
1st Resistance: 59,440.64
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ETHUSDPair : ETHUSD ( Ethereum / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure
Fibonacci Level - 38.20% / 50.00%
RSI - Divergence
Completed " 1234 " Impulsive Waves
btc is short to 43000The price is ready to fall again to 43000 thousand dollars from this area after pulling back to the trend line. Do you think like me? Express your opinions in the comments please. Thank you for following me and liking the post.
btcusdPair : BTCUSD ( Bitcoin / U.S Dollar )
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
Head and Shoulder as Correction in Short Time Frame
RSI - Divergence
Bearish Channel as an Corrective Pattern in Long Time Frame
A potential decend trade on ADAUSD..Based on Elliot wave analysis, i saw ADAUSD has completed its wave 2, right at 61.8 fibo level, or it can be possibly find as wave B of its A-B-C correction. Either way, it's time to go up..
Take a look on the chart to see my 1st and 2nd target.
Good luck!
CHEERS!
Could Bitcoin reverse from here?The price is rising towards the pivot which has been identified as an overlap resistance and could reverse to the pullback support.
Pivot: 67,019.71
1st Support: 63,519.90
1st Resistance: 69,419.07
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SOL -- Almost time to break upwards?Perhaps one more downward drive toward 150 before continuing up.
Could price reverse from here?Bitcoin (BTC/USD) is falling towards the pivot, which has been identified as an overlap support and could reverse to the 1st resistance which is a pullback resistance.
Pivot: 63,359.63
1st Support: 61,477.03
1st Resistance: 65,878.60
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?The Bitcoin )BTC/USD) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support.
Pivot: 67,443.01
1st Support: 64,367.22
1st Resistance: 69,696.83
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Phemex Analysis #10: Solana - Blinks, ETF, and a 60% Surge! The recent surge in PHEMEX:SOLUSDT.P (SOL) price, fueled by the buzz surrounding its "Blinks" feature and speculation surrounding a potential Solana ETF launch, has drawn significant attention from the market. As we analyze the current price action, it's crucial to understand the key resistance and support levels that could shape SOL's future trajectory.
Market Context:
ETF Speculation: The anticipation of a Solana ETF, following the recent launch of Bitcoin and Ethereum ETFs, has injected a sense of optimism into the market. This speculation has contributed to the recent price surge.
Blinks Feature: The introduction of Solana's "Blinks" feature, a novel technology for faster and more efficient transactions, has generated significant buzz on social media platforms like X (formerly Twitter). This positive sentiment has likely played a role in the recent price gains.
Technical Analysis:
Resistance: SOL's price has encountered resistance around the $205-$210 level. This resistance zone represents a significant psychological barrier and could potentially cap further upside movement.
Support: A strong support level has been established at the $120-$110 range. This level represents a key area where buyers are likely to step in and prevent further price declines.
Possible Scenarios:
Bullish Breakout: A breakout above the $210 resistance level, accompanied by high trading volume, would signal a strong bullish sentiment. This scenario could potentially lead to a significant price rally, particularly if the overall market sentiment remains positive.
Strong Rejection at $210: If the price encounters strong selling pressure at the $210 resistance level, it could trigger a retracement towards the $130 or even the $110 support levels. This scenario could present a buying opportunity for investors who believe in SOL's long-term potential, as the price consolidates around these support levels.
Conclusion:
The recent surge in SOL's price has been driven by a combination of factors, including ETF speculation and the excitement surrounding the "Blinks" feature. While the current price action is bullish, it's important to recognize the potential resistance and support levels that could influence future price movements. Investors should carefully consider these technical factors and the broader market sentiment before making any trading decisions.
Note: Have you tried buying crypto on Phemex yet?
We support 30+ payment methods, 60+ fiat currencies, and 10+ cryptocurrencies. There's definitely one that suits you!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
Could price reverse from here?Ethereum (ETH/USD) is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 3,387.81
1st Support: 3,185.17
1st Resistance: 3,519.30
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ADA/USD secondary trend. Wedge. Mirror level.Local trading situation. A wedge is being formed. The price is at its resistance. Local targets in case of a breakout, as well as in case of further formation of a wedge in the zone of previous accumulation (redistribution is more correct).
It is also worth noting that the price is also near the accumulation - redistribution range (the average price of the set is highlighted in green).
This redistribution zone is accumulation on a larger scale of the chart
Main trend. 1 month
ADA/USD Main trend
ADA /USD Main trend. 07 2024Logarithm. Linear chart to remove market noise. Main trend to understand the zone for work.
The asset is at a huge percentage of pumping from the last cycle, but the decline occurred from the peak at -91% and there was re-accumulation. Locally, a descending wedge is formed.
Secondary trend for work.
ADA/USD secondary trend. Wedge. Mirror level.
