BCH/USDT will probably go out of the banner shock!BCH/USDT will probably go out of the banner shock!
🚀📈 Exciting News! 📉🚀
📉 BCH/USDT has recently experienced 5 consecutive days of slight decline, indicating the release of short selling momentum.
But wait, there's more! 📈 The positive trend is pulling up, showing signs of a potential upward surge! 💹
💪 With the closest support around 225.04 (June 29, 2023 opening price), the outlook is promising for potential rebounds! 📊
🚩 Get ready for a flag-shaped oscillation pattern ahead, offering opportunities for both short-term traders and long-term investors! 📈🚩
🌟 Don't miss out on this golden opportunity!
Stay tuned for potential profits as BCH/USDT prepares for exciting price movements!
#BCH #USDT #ForexTrading
Cryptos
SUIUSD Above the 1day MA50. Strong Buy.SUIUSD crossed above its 1day MA50 for the first time in its short history.
That is a strong technical bullish breakout signal.
Buy and target the 0.382 Fibonacci level at 0.95500, which is also near a potential Channel Up pattern that may emerge.
The 1day RSI is under 60.00, indicating that this move has significant upside ahead.
Further buying can be performed only after a 1day candle closes over the 0.5 Fibonacci, in which case you can target the 0.618 Fibonacci at 1.23450.
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HBARUSD: Is ahead of a big long term bullish breakout.HBARUSD is above its 1D MA50 but still inside the February Channel Down, restrained under the 1D MA200 but with the 1D technicals bullish (RSI = 62.752, MACD = 0.001, ADX = 27.218). The 1D MA200 has been unbroken since May 2nd so it is our technical trigger. A cross over it, will be a buy entry, targeting the 0.618 Fibonacci level (TP = 0.0700). An early bullish indication comes from the 1D MACD, which is turning upwards in contrast with the sequence on the last bullish leg that turned downwards on April 17th.
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CELOUSD: Neutral right now. Trade the breakouts.CELOUSD hit today the 1D MA200 after rebounding on the 1D MA50, forming the S1 (0.47250), being stranded essentially between the two. The 1D timeframe remains on bullish technical indicators though (RSI = 61. 619, MACD = 0.011, ADX = 41.243), making a bullish breakout above February's Channel Down quite likely. We will wait for that top to break and buy aiming at the R1 (TP = 0.73850).
Conversely, if the S1 breaks, we will sell aiming at the S2 (TP = 0.41000).
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Bitcoin in serious juncture.We had Positive XRP news that affected the market positively through the week. The market is ready to accept such. But 32 000 +- needs to be broken.
Right now w/Crypto markets and GOLD we are recoiling. Bitcoin is BULLISH all year long. A breakout will mean a Bull run and will catch momentum !
Bitcoin short-term update - next targets 🐻🐂Bitcoin short-term update
(a) BTC reached my bullish target of 27,950👀
(b) next more distant bearish target at 26,666🐻
(c) next bullish target at 29,305🐂
How was your day so far dear Crypto Nation?😎
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
AVAXUSD: testing the 1D MA200 and top of 6 month Channel Down.AVAXUSD hit today the 1D MA200 for the first time since May 8th and almost reached the top of the Channel Down pattern. With the 1D timeframe turning bullish (RSI = 67.628, MACD = 0.250, ADX = 21.860) but the RSI also at the top of its own Channel Down, we want to get a confirmation of a breakout before buying and that will be above the R1 (17.6000), otherwise we will wait for a 1D MA50 retest. Either way, our medium term target is the R2 (TP1 = 21.5000) and long term the R3 (TP2 = 30.8000).
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XRPUSD: Broke above its 1W MA100 for the first time in 15 monthsXRPUSD is having an immense rally today following the latest market news that pushed the price over the 1W MA100 for the first time since April 26th 2022! The 1D technicals are bullish (RSI = 68.180, MACD = 0.000, ADX = 23.552) but should end overbought soon and the R1 (0.65615) is the final barrier before a new parabolic rally starts.
We will use the R1 as a retest level, if the price crosses above it and retests it successfully as Support, we will buy and target the R2 level (TP = 0.8000). It has to be noted that today's breakout not only crossed above the 1W MA100 but also the 1 year Channel Up pattern. Any pull back near the 1D MA50 will be a great buy opportunity.
Prior idea:
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1INCHUSD: Short term buy and bullish breakout target.1INCHUSD crossed over the 1D MA50 today for the first time in almost 3 months (April 19th). As the 1D timeframe turned technically bullish again (RSI = 57.661, MACD = -0.003, ADX = 31.888) we are going on a short term buy, targeting the top of the six month Channel Down (TP = 0.38500).
A candle close over the 0.382 Fibonacci level, will be a bullish breakout signal, directed to the 0.786 Fibonacci (TP = 0.59500).
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FTTUSD Rebounding off the 1D MA200 and targeting the 2023 High.FTTUSD, the FTX Token, held the 1D MA200 and since yesterday it is rebounding with aggression on a 1D timeframe that turned bullish again (RSI = 61.498, MACD = 0.102, ADX = 42.568). As the LMACD is about to form a Bullish Cross, this leg is the second wave of the rally to the R1 we spoke of last month. We are therefore adding an extra long, targeting the Resistance (TP = 2.7000).
Prior idea:
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WAVESUSD: First time above the 1W MA50 in more than 1 year.WAVESUSD crossed above the 1W MA50 for the first time since April 18th 2022. With the 1W time frame turning neutral (RSI = 48.860, MACD = -0.216, ADX = 28.633) this should be treated as a first indication of a long term trend change but will get validated only if the 1W candle is closed above the MA50.
We will go long on that signal and will target the R2 on the long term (TP = 6.55000).
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KASUSD This is how Kaspa can reach 0.1000 in August.Kaspa / KASUSD is rising today after approaching the 1day MA50.
At the same time, the 1day RSI bounced on a Rising Support in a way similar to January 31st.
As you see, Kaspa's price action is so far cyclical. A vast rise corrects to a Fibonacci level then a Channel Up leads the price to the next price jump.
As long as the 1day MA50 holds, buy and target the -0.382 Fibonacci level at 0.1000 projected on the next rally.
Previous chart:
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HEXUSD: Buy signal on an RSI Bullish Divergence.HEXUSD is on a price Double Bottom while the the 1D RSI is rising for more than 3 weeks. This Bullish Divergence has been spotted on another two price Double Bottoms in the past 12 months. With the price also under the 1D MA50, on July 12th 2022 and October 15th 2022, that Bullish Divergence initiated a rally that peaked at +158% and 71.80% respectively. We are buying this structure and aim at another +150% rise (TP = 0.01700).
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SOLUSD Pull back expected. Buy opportunity after.Solana / SOLUSD is trading inside the 1day MA200 - MA50, being more than half-way through the bullish leg on the 5 month Channel Down.
On the previous bullish leg, the 1day MA200 caused a pull back near the 0.618 Fibonacci and then rebounded to complete the Lower High.
Sell on the short term and buy at 17.000, targeting 22.500.
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BSVUSD: Strong buy opportunity for +50% profit.BSVUSD hit the top of the former Channel Down pattern and is rebounding. The 1D time frame has normalized its previously overbought technicals (RSI = 63.544, MACD = 3.840, ADX = 63.502) and that can give rise to a new round of buying. As you can see the Fibonacci retracement levels form solid Support and Resistance levels, with the latest one being the 0.786 level that was almost hit on the last rally. Our target is a full gap filling (TP = 67.0000).
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BTCUSD Is accumulating buyers for the next jump to 40k.BTCUSD has been trading sideways for nearly the last 2 weeks.
The long term pattern is a Channle Up since the start of the year and this appears to be the accumulation phase that technically precedes the Higher Highs.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 40000 (Gap 3 from the Bear Cycle).
Tips:
1. Every Higher High on this Channel Up has filled a Lower High gap from the 2022 Bear Cycle. The next one is marginally over the 40000 level.
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XVGUSD Buy the pull back unless the 1week MA200 breaks first.Verge / XVGUSD is having a +550% rally in the past 2 weeks and is approaching the 1week MA200, which is intact since April 4th 2022.
The Channel Down that drove the price to its market bottom before that recent weekly jump is almost the same as the one in 2019 that paved the way to the massive 2020/21 rally.
As a result don't buy before a new pull back to the 1week MA50, unless the price closes 1week over the 1week MA200.
In both cases, target the 0.08400 High.
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ZILUSD: Testing the 1D MA200, in anticipation of a strong breakZilliqa has come today the closest it has been on the 1D MA200 since the May 8th contact, turning the 1D time frame largely bullish (RSI = 67.434, MACD = 0.000, ADX = 54.733). Consequently, a break above it, should set in motion the last part of the bullish leg that started at the bottom of the long term Channel Down. We will buy if the 1D MA200 breaks and target the top of the Channel Down (TP = 0.0300).
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AAVEUSD Validated buy signal aiming at 95.000.AAVEUSD has closed two 1D candles over the Channel Down pattern of February and has validated a new rally on the 1D timeframe which is on very healthy bullish technicals (RSI = 68.966, MACD = 3.550, ADX = 52.986).
As long as the 1D MA200 is turned into Support, we will be bullish targeting the R2 (TP = 95.000).
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