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AXS (Axie Infinity) Falling WedgeTrade setup : Price is in a Downtrend, however, it's trading in a Falling Wedge pattern, which typically resolves in a bullish breakout and a trend reversal. We wait for such a breakout. Patterns : Falling Wedge Usually results in a bullish breakout . When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30). Support and Resistance : Nearest Support Zone is $4.00. Nearest Resistance Zone is $7.00, then $9.00.
Long
by altFINS
SNX (Synthetix): Falling WedgeTrade setup : Price is in a downtrend, trading in a Falling Wedge pattern. Swing traders: price is approaching the Wedge support trendline and $1.00 horizontal support, and is oversold (RSI < 25!), which makes for a good trade entry, with +50% upside potential to $1.50 key level. Stop Loss at $0.87. Patterns : Falling Wedge Usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order. Learn to trade chart patterns in Lesson 8. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Very Oversold currently, based on RSI-14 levels (RSI < 25). Support and Resistance : Nearest Resistance Zone is $1.85, then $2.50.
Long
by altFINS
BITCOIN (BTCUSD): 2 Important Zones to Watch ₿ Here are 2 significant demand zones on Bitcoin to pay close attention to. Zone 1: 46600 - 50000 area This structure is based on an important psychological level 50000 and 2 historical key levels. Zones 2: 38500 - 41300 area This structure is based on multiple historic levels that the price respected in December last year. Probabilities are high that the market will stop falling soon. However, a bearish violation of Zone 1 will push the prices much lower. Let's see. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDShort
by VasilyTrader
2
#BITCOINx.com Two weeks ago, when BULLISH sentiment was flooding everywhere, from major crypto online publishers to the biggest crypto YouTube influencers, I decided to send this message to their contact/editor email with a kindly ask, that I would like to present this outlook as a reasonable counter-view to their. PRO BONO. FREE OF CHARGE. From 15 of the major publishers, ONE of them replied with- No. EVERYONE else just ignored the message. TODAY, when BTC is 20% lower, you don't see them apologizing for their incompetency, they rather come up with excuses for WHY it happened, not thinking about damage they have done to all people who TRUSTED in THEM! So this message is for YOU - an ordinary general public person, who took an interest in crypto investing. DO NOT TRUST THOSE PEOPLE! THEY DON'T CARE ABOUT YOUR BEST INTEREST! ALL THEY CARE ABOUT IS MONEY THEY RECEIVE FROM THOSE VERY COMPANIES THEY PUBLISH FOR! If you want to be AHEAD of the GAME and NOT HOLD the Bag, CONTACT US in DM! #Bitcoin
BINANCE:BTCUSD
by cryptocapitaltrading
1
MANA (Decentraland): Approaching SupportTrade setup : Price is in a Downtrend. It had a failed breakout from Falling Wedge pattern but price did make a Higher High (above prior swing high), which is also a positive sign (see chart). Now we'll wait for price to pull back and watch if it makes a Higher Low (above prior downswing low of $0.27). Series of Higher Highs and Higher Lows are indicative of an Uptrend. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.27. Nearest Resistance Zone is $0.32, then $0.40.
Long
by altFINS
KAVA (Kava.io): Approaching ResistanceTrade setup : Price remains in a downtrend, trading well below 200-day moving average. It had a bearish breakout from Falling Wedge pattern and dipped as low as $0.32, making a new 52-week low. It bounced from very oversold levels (RSI < 25!) near that $0.32 support and is approaching $0.42 resistance now, where it's likely to get rejected and revisit $0.32. It's too early to tell if this is a sign of trend reversal or just a bounce in a downtrend. Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.32. Nearest Resistance Zone is $0.42, then $0.55.
Long
by altFINS
Breakout Alert: #BETAUSDT Has Broken Out of Falling WedgeYello, Paradisers! Are you ready to catch the next potential breakout in #BETA? #BETAUSDT has broken out of the falling wedge and let's where it's going: 💎#BETA is currently showing signs of a probable bullish continuation from a support zone at $0.05028. We've observed #BetFinance following a falling wedge for quite some time. Now it has broken above the descending resistance and is aiming for the internal resistance at $0.062. 💎If MYX:BETA holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.062 could lead to targeting the next resistance zones and beyond. 💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.041. 💎It's crucial to stay vigilant and monitor #BETAUSDT price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines. Paradisers, you always need to treat the market as a businessman and not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
#ZRXUSDT Ready For a Major Bullish Move After the BreakoutYello, Paradisers! Are you ready for the next big move in #ZRXUSDT? The #ZRX is retesting a crucial demand zone and let's see what happens next: 💎 NEWCONNECT:ZRX is currently showing signs of a probable bullish continuation from a support zone at $0.2893. We've observed #0xProtocol following a descending channel for quite some time. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level. 💎If NEWCONNECT:ZRX holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.407 could lead to targeting the next resistance zones and beyond. 💎However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.227. 💎It's crucial to stay vigilant and monitor #ZRXUSDT price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Potential Bullish Reversal for Stader (SD/USDT)#SD/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a descending channel pattern forming since the peak in end of 2023. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range. + The price is currently near the lower boundary of the descending channel, around $0.51, which has acted as a significant support level. + A breakout above the upper boundary of the channel around $0.93 could signal a potential trend reversal. + If the price holds above the $0.50 support level and breaks out of the descending channel, we can expect a potential move towards the $1.15 resistance zone. + Further upside could see the price targeting the $2.00 - $2.50 levels + The RSI is currently at 40.42, indicating that the asset is nearing the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $0.5109 Stop Loss: $0.37 ------------------------------ Target 1: 0.8259 Target 2: 1.15 Target 3: 2.0 Target 4: 3.0 Target 5: 5.0 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
Potential Bullish Trend for Stacks (STX/USDT)#STX/USDT #Analysis Description --------------------------------------------------------------- + The chart shows a strong ascending trendline acting as support, originating from the low in mid-2022. This trendline has been respected multiple times, indicating its significance.+ + The price has broken above the previous resistance zone around $1.90, now acting as a support level. + The next major resistance zone is between $3.80 and $4.50, which was previously a strong support zone before the price breakdown in mid-2021. + The EMA 100 (blue line) is currently acting as dynamic support, aligning with the ascending trendline and providing additional support to the bullish case. + If the price holds above the ascending trendline and the $1.90 support zone, we can expect a retest of the $3.80 - $4.50 resistance zone. + A successful breakout above this resistance could see the price targeting the next psychological level around $6.00 and potentially higher to $7.50 + The RSI is currently at 46.92, which is neutral but showing signs of potential reversal from the oversold region. If the RSI moves above 50, it would support the bullish momentum. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: $1.587 Stop Loss: around $1.20 ------------------------------ Target 1: 2.660 Target 2: 4.050 Target 3: 6.00 Target 4: 7.5 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
#QNTUSDT Ready For a Major Breakout From Falling Wedge?Yello, Paradisers! Are you ready for what might be a significant move in #QNTUSDT? Let's look at the latest analysis and see what's happening: 💎Currently, #QNT is compressed within a falling wedge pattern, a classic bullish reversal signal. But what makes us confident in an upcoming breakout? It's the combination of increasing trading volume and improving macro market sentiment. 💎However, there's always a plan B in trading. If #Quant gets rejected at the upper trend line of the wedge, we might see a retest of the major support zone around $61-$64. This level has consistently provided strong support and is rich with liquidity. 💎Should GPW:QNT fail to bounce back from the $61-$64 support, our eyes will be on the next critical level at $54.8. Historically, this level has been a stronghold, and the probability of a rebound here is notably higher. 💎But remember, if #QNT breaks below these key support levels, the bears might take control, potentially leading to a bearish continuation. Always remember to strive for consistency, not quick profits. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
STORJUSDT Is This the Start of a Major Bullish Reversal?Yello, Paradisers! Are you ready to dive into the latest #STORJUSDT analysis? Let's uncover if STORJ is about to make a massive move! 💎#STORJ has successfully broken out of a falling wedge formation, signaling a bullish momentum shift. The price has already retested the support, indicating a high probability of continuing upward towards our first target at the strong resistance area, which also aligns with the Fair Value Gap (FVG) zone. 💎Upon reaching the first target, STORJ may face a hard rejection, leading to a test of the nearby support. A breakout above this strong resistance will be crucial, potentially pushing the price significantly higher as the trend switches back to bullish momentum, aiming for our final target at the Bearish Order Block (OB). 💎If STORJ fails to rebound while testing the support trendline, the price could revisit the strong demand area. This revisit could trigger another significant bullish momentum, possibly leading to a substantial price reversal. 💎STORJ has shown resilience in the strong demand zone, rebounding upward the last time it hit this area. A bounce here upon revisit is crucial. If the bullish invalidation occurs, the highest probability is for the price to continue downward and dip further. Stay disciplined, stay focused, and let’s navigate these exciting market movements together! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
BAKEUSDT Critical Levels to Watch for the Next Big Move! Yello, Paradisers! Are you prepared for the next big shift in #BAKEUSDT? This analysis is crucial if you want to stay ahead! 💎#BAKE appears poised to test its strong demand zone, potentially creating new momentum for a significant upward move. However, success hinges on several key factors: 💎If BAKE reverses from the strong demand zone, it must break through the resistance at 0.3138 to continue its upward trajectory. 💎Should BAKE fail to break the resistance, it might either trade sideways between the strong demand and resistance levels or consolidate further in the order block (OB) area. If the latter scenario holds, it could lead to a robust bullish reversal and eventual resistance breakout. 💎If BAKE fails to rebound at the OB area and remains sideways, it signals trouble. The bullish scenario is invalidated if BAKE breaks the key support and closes below 0.309 daily, increasing the probability of further downward movement. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
XLMUSDT: Get Ready for Potential Big Moves! Yello, Paradisers! Are you ready for some potential big moves with #XLMUSDT? Let's dive into the analysis to see what's brewing! 💎#XLM is currently showing signs of a probable bullish continuation from a support zone at $0.0934. We've observed #XLM following a descending channel for quite some time. Recently, after breaking above the descending resistance, it's gaining momentum at this key support level. 💎 If the price holds strong at this level, there's a high probability of a bullish rally, similar to previous trends. A breakout above the probable resistance at $0.1117 could lead to targeting the next resistance zones and beyond. However, if the momentum doesn't hold at the key support, we might see a bullish rebound from the lower demand area around $0.0801. 💎 It's crucial to stay vigilant and monitor #XLM price movements closely. A daily closure below the demand area could invalidate the bullish outlook and potentially lead to further declines. Remember, Paradisers, staying disciplined and patient is key in these volatile markets. Consistently profitable trading comes from waiting for the best opportunities. Stay focused and avoid emotional decisions! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
FTM (Fantom): Approaching SupportTrade setup : Price remains in a downtrend. It had a failed breakout from Falling Wedge pattern and pulled back to $0.40 support that held in early July. If it breaks below that, it could resume its downtrend and revisit $0.30 next. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $0.40, then $0.30. Nearest Resistance Zone is $0.50, then $0.62.
Long
by altFINS
FTMUSDT Will This Bullish Reversal Hold?Yello, Paradisers! Have you been watching #FTMUSDT closely? This analysis could determine your next big move! 💎#FTM is showing promising signs as it bounces off the demand zone, forming a double bottom a classic bullish reversal pattern. However, the key question is: Can FTM break through the descending resistance trendline, which has been rejected it three times already. 💎For FTM to switch back to bullish momentum, it must break through the descending resistance. A successful breakout will likely lead to a significant upward move towards our target strong resistance area. 💎If FTM fails to break the resistance, it may test the demand zone at 0.386 again. This could either create new momentum or form a triple bottom. 💎 If FTM breaks below the demand zone and heads toward the key support area, it would be a concerning sign. The key support at 0.309 is critical; a daily close below this level would invalidate the bullish scenario and suggest a higher probability of further downward movement. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
Major Move Imminent for #SXP! Will It Breakout or Break Down?Yello Paradisers! Are you ready for what's next? #SXP is approaching a crucial point, and we need to be prepared for all possible scenarios. 💎Currently, #Solar is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.224, which could lead to a significant bullish breakout if sustained momentum is achieved. 💎Should this occur, we could see #SXPUSDT challenging the descending resistance and aiming for the major supply area at $0.3061. 💎A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area. 💎If #SXP faces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.195. 💎Falling below this support could indicate a prolonged bearish trend, with #SXP continuing to trade within the descending channel. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. Trend Traders : wait for price to regain that critical level to signal resumption of uptrend. Swing Traders : price is approaching $6.75 support, which has held up several times and could be a swing trade entry opportunity with upside to $8.00 - $9.00. This is a riskier trade setup because it’s against the overall downtrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Long
by altFINS
Is #MAGIC About to Skyrocket? Key Demand Zone ApproachingYello, Paradisers! Are you ready for the next big move in #MAGIC? Let's dive into the latest analysis of the #Treasure and find out what will happen next: 💎#MAGIC is currently trading in a descending channel, but the price is approaching a key demand zone, setting the stage for a possible bullish breakout. 💎Right now, #Treasure is adhering to a descending resistance pattern. However, it's now on the verge of breaking out, especially if it taps into the critical demand level of $0.464. Should the price maintain strong momentum here, we could see #MAGICUSDT breaking through the descending resistance and targeting the major supply area at $0.94. 💎A successful breach above this supply area could lead to a significant bullish move, pushing the price towards a strong resistance zone. 💎On the other hand, if #MAGICUSDT loses momentum and faces rejection at the supply area, we may see a bullish rebound from the lower strong support at $0.39-$0.43. 💎However, falling below this level could signal a prolonged bearish trend, and OMXTSE:MAGIC will keep moving within a descending channel. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
ORDIUSDT Poised for a Major Move Bullish Breakout or Bearish ?Yello Paradisers! Are we on the brink of a bullish breakout, or are we facing a potential bearish breakdown with ORDIUSDT? This cryptocurrency has been navigating a descending channel for a while, and it’s now at a critical juncture. 💎#ORDIUSDT is currently testing a crucial demand zone at $34.30. This level is significant because if the price can sustain above it, we might see a bullish breakout from the descending channel. The upper expansion of the channel also hints at growing bullish sentiment. However, as always, caution is warranted. 💎 If the price fails to hold above $34.30, our focus will shift to the next support level at $25.18. A break below this level could signal a bearish shift, invalidating the current bullish setup and potentially leading to a more substantial decline. This scenario underscores the importance of being prepared for both outcomes. Remember, disciplined and well-planned trading is the key to consistent success. Stay focused and trade smart, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
2
#IOTXUSDT Poised for Major Breakout: Key Levels to WatchYello, Paradisers! Could we be on the brink of a game-changing breakout for #IOTX? Let's look at the latest analysis of the #IOTXUSDT and see what's happening: 💎Our analysis indicates that #IOTX is currently navigating a descending channel on the daily timeframe, with the price closely adhering to the trendlines. Recent market movements hint at a potential breakout due to improving market sentiment. 💎Currently, #IOTeX is approaching a critical support zone between $0.037 and $0.040, a key area filled with liquidity. This zone could serve as a springboard for a breakout above the descending resistance line, signaling a possible trend reversal in line with our bullish outlook. 💎A bounce from the major support zone at $0.037-$0.040 could ignite an upward rally. Watch for strong buying interest here. 💎If the liquidity at the major support zone isn't enough, we might see a move down to $0.031. A strong buying response at this level could still spark a bullish run for #IOTXUSDT. 💎However, if both the major and lower support levels fail, SEED_DONKEYDAN_MARKET_CAP:IOTX might face increased bearish pressure, possibly leading to further declines. As always, stay sharp and manage your risk. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
Trade Setup: OM Long PositionMarket Context: OM has remained extremely bullish over the last month, with prices continuing to push higher. In case of any bearish news this week, potential buying opportunities are identified. Trade Parameters: Entry: Buy in the range of $0.93 to $1, ideally finding acceptance in the golden zone above the 0.618 Fibonacci level. Take Profit: First target: $1.40 Second target: $2.00 Stop Loss: Set at a daily close below $0.80. Additional Notes: Monitor for retests of the range high as support. Be vigilant for acceptance above the 0.618 Fibonacci level to confirm the bullish trend. Adjust your strategy if market conditions change or if significant bearish news impacts the price. #OM #TradingStrategy #CryptoTrading 🎯
Long
by Richtv_official
1