Cryptotrading
TIA: Oversold at SupportTrade setup : Price is in a downtrend. However, near-term, it appears oversold (RSI < 30) just as it reached $6.00 support and it could bounce up +20% to $8.00 resistance. Stop Loss at $5.67.
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.00, then $5.00. Nearest Resistance Zone is $8.00, then $10.00.
SOLANA - In correction mode. BINANCE:SOLUSDT Is in corrective mode but we are now in a key area which could see it move to new highs. The next few days might give us a clue as crypto moves with the US Inflation data.
The other possibility is a deeper correction back down to 100 before we see the big run to new highs.
Either way we will see new highs as this whole move from the March high is corrective.
Keep an eye on this one.
Enjoy the day.
ORNUSDT Will It Hold the Line or Break Down Further?Yello, Paradisers! Are you prepared for the next big move in #ORNUSDT?
💎#ORN is currently moving within an ascending pattern, signaling that the price might test the demand area at $1.58 before attempting to break through the resistance at $1.87. The last time ORN attempted a breakout, it ended in a fakeout, leading to a significant downward movement. For a continued upward movement to our target strong resistance area, a breakout of the $1.87 resistance is crucial.
💎However, if ORN fails to show strength when testing the demand area and breaks the support trendline, we could see the price continue downward toward the strong demand area between $1.29 and $1.13.
💎Historically, ORN has always rebounded and reversed upwards upon hitting this strong demand area. If this scenario plays out again, there's a good chance the price will rebound and attempt another breakout of the resistance area.
💎On the flip side, if the price breaks through the strong demand area, it would invalidate the bullish scenario and likely result in a further dip.
If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
MyCryptoParadise
iFeel the success🌴
ZRO to hero or zero?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
As long as it can keep flipping these levels into support, if it gives an impusle down, looking for these levels to play as resistance.
3.12 would be an ideal hold if it retraces.
3.42 area is the next level to beat from here.
Trade Safe!
Trade Clarity!
ETH, ran out of breath?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
#ETH update 🧵
It looks like it moved down and bounced out of the area,
MLT for a W5 as a possible impulse.
Watching these 3 paths for some clarity.
A completed impulse down here doesn't spell ATH.
But A break of
3653 and 3759 would have me reconsider.
#Elliottwave #PriceAction
AAVE: Approaching SupportTrade setup : Price remains in a Downtrend until it breaks above the 200-day moving average (~$100). After a failed breakout from Channel Down pattern, price dipped back below 200-day moving average and reached $80 support. That's a level where price has found support several times in the past and could be a swing trade entry. This is a riskier trade setup because it’s against the overall downtrend.
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 Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $70.00. Nearest Resistance Zone is $90.00, then $115.00.
BLZUSDT Are You Ready for a Major Move? Yello, Paradisers! Is #BLZUSDT about to plummet or skyrocket? Let's dive into the key levels and probabilities you need to know!
💎#BLZ is showing signs of retracing to the support zone in the $0.215 - $0.2 area after failing to break the supply zone and experiencing a hard rejection. This loss of momentum suggests may need to revisit the support zone to regain strength for a new move.
💎If BLZ successfully breaks out without revisiting the support zone, we could see a significant bullish momentum, pushing the price upwards to achieve high-probability targets.
💎However, if BLZ revisits the support zone but fails to sustain it, breaking below $0.2, this could be a bearish signal. The price may continue downward towards the next target area around the Bullish Order Block (OB) at $0.183.
💎Should BLZ hit the OB at $0.183, a reversal could occur due to large orders in that area. However, confirmation is needed. BLZ must reclaim the support zone above $0.215 to align with our bullish plan.
💎If BLZ breaks below the OB at $0.183, this would be a strong bearish signal, invalidating the bullish scenario and increasing the probability of further dips.
Stay vigilant, Paradisers! The next moves in BLZ will determine if we see a bullish surge or a bearish plunge. Discipline and strategic planning are crucial. Trade smart and stay focused!
MyCryptoParadise
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RPL: Approaching ResistanceTrade setup : Trends are improving but price has failed to stay above $25.50 resistance and 200-day MA (~$27), which it needs to signal resumption of uptrend with +20% upside potential to $33. We wait for price to regain those key levels.
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 Up, Medium-term trend is Up 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 $20.00, then $18.00. Nearest Resistance Zone is $25.50, then $33.50.
NEARUSDT Will It Rebound or Dive? Critical Levels to Watch!Yello, Paradisers! Are you ready to see if #NEARUSDT can bounce back or if it will continue to plunge? Let's dive into the latest analysis and what you need to watch out for.
💎#NEAR has shown a rebound from the support zone, suggesting a potential reversal back to an upward movement if it successfully breaks out above the resistance area at 5.860. If this scenario plays out, we could see a significant rise towards our target at the strong resistance area.
💎However, if NEAR fails to break through the resistance, we might see a rejection and a return to the support zone between 4.6 and 4.3. Should NEAR break this support zone, it could signal a further decline towards the next target area at the Bullish Order Block (OB) around 3.6.
💎A reversal is probable when hitting the OB due to large orders there, but confirmation is needed. If NEAR successfully reclaims the support zone above 4.6, there's still a chance to follow our plan.
💎However, if NEAR also breaks the OB area, this is a bearish sign, invalidating the bullish scenario. The highest probability then would be a deeper dip.
Treat the market as a businessman, not as a gambler. Stay focused, patient, and disciplined, Paradisers.
MyCryptoParadise
iFeel the success🌴
COMPUSDT on the Verge of a Major Move – Are You Ready?Yello, Paradisers! Are you prepared for a potential big move in #COMPUSDT? Here's why you need to keep a close eye on this one right now.
💎 #COMP is showing promising signs of rebounding from a strong support area. If this upward trajectory continues, we could see a test of the descending resistance area soon. A successful breakout above this descending resistance could ignite a bullish momentum, potentially driving the price significantly higher.
💎Our first target is the resistance level around $66. Should COMP break through this area, there is a high probability it will reach our target strong resistance level.
💎However, if COMP fails to show strong signs at the support and merely moves sideways for a few days, this could spell trouble. A break below the strong support level would invalidate the bullish outlook and indicate a bearish continuation, driving the price further down.
It's crucial to be patient and wait for the best, highest probability trading opportunities. Remember, disciplined trading is the key to long-term success.
MyCryptoParadise
iFeel the success🌴
AR: Oversold at SupportTrade setup : Price remains in a long-term Uptrend. Price got oversold (RSI < 30) and bounced off of $23 support and 200-day moving average. If it breaks above $28 resistance, it could swing up to $37 next. Momentum is inflecting bullish again (MACD Histogram rising).
Pattern : Price is Oversold at Support . This trading strategy finds assets that are oversold (RSI < 30) and are near a support area, which means there's a high probability that price will bounce up near-term. Oversold conditions are typically reached when RSI hits 30 or less. Learn this trading strategy in Lesson 5.
Trend : Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up.
Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $23.00, then $17.00. Nearest Resistance Zone is $28.00, then $37.00.
BTCUSDT | End of the Downward Movement?Market Context
Are we finally seeing the end of the downward movement for Bitcoin? A compelling scenario is unfolding!
Chart Analysis
Bitcoin has been holding strong at the 65K support level, which might be the springboard we need to shoot towards 70K and beyond.
Key Indicators
• Strong Support at 65K: Despite recent volatility, BTC has maintained its ground at 65K, indicating robust support.
• Potential for 70K: With the current momentum, aiming for 70K is a realistic short-term target.
Strategy
Let’s ride this wave! If BTC can break through to 70K, we might be looking at even higher gains down the road. For now, our target is 70K, and we’ll reassess from there.
Action Plan
I’m going long on BTCUSDT, targeting 70K. This could be the start of an exciting upward journey—let’s see how it plays out!
THETAUSDT Will It Rebound or Dive Further?Yello, Paradisers! Are we on the brink of a #THETAUSDT rebound, or are darker days ahead? Let’s dive into the latest analysis to find out!
💎Currently, #THETA is hovering around the support zone. We might see a rebound here, which could test the supply area at $1.72. For confirmation of this probability upward move, we need a breakout above this supply area. If this happens, we could see a strong bullish momentum as THETA breaks the descending resistance, aiming for our target resistance level.
💎However, if THETA fails to rebound and breaks below the support zone, this could spell trouble. In this scenario, we might see the price drop further, probability hitting the Bullish OB area around $1.66.
💎If THETA makes a bullish rejection at the OB area, this could be a good sign. The best confirmation would be for THETA to reclaim the support area, indicating a potential upward movement.
💎If the price fails to rebound from the OB and breaks below it, this invalidates the bullish scenario and suggests a deeper decline.
To make it far in your crypto trading journey, consistency and patience are key. Discipline, patience, and robust strategies are your tickets to long-term success in this market.
MyCryptoParadise
iFeel the success🌴
BITCOIN (BTCUSD): Bullish Outlook For Today
Bitcoin may bounce from a key daily structure support.
After its test, I see 2 strong bullish confirmations:
the price formed a falling wedge pattern and a double bottom.
Both the trend line and the neckline of 2 patterns were broken.
It indicates the strength of the buyers.
I think we can see a pullback at least to 66500
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RPL: Resistance BreakoutTrade setup : Bullish breakout above $25.50 resistance and back above 200-day MA (~$27) could signal resumption of uptrend with +20% upside potential to $33 next. Stop Loss (SL) at $23.
Pattern : Resistance Breakout . Once a price breaks above a resistance zone, it signals that buyers have absorbed all the supply from sellers at this level and price can resume it's advance. Following a resistance breakout, the next closest resistance zone becomes a price target. Learn to trade key level breakouts in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Neutral 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 $20.00, then $18.00. Nearest Resistance Zone is $33.50, then $39.00.
Ton of resistance, Elliott wave analysisIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The level at 7.50 looks might strong.
With this current swift move down back below the level,
I am looking to HOW the price reacts to that level if it is reached again.
If it come to it in a corrective fashion, then I would suspect a rejection.
If it can get back above, then I would have to reconsider, based out what PA has printed.
The divergence adds to this.
Trade Safe!
Trade Clarity!
CPOOLUSDT Testing the key Support Level Right Now | What's Next?Yello, Paradisers! Did you notice #CPOOLUSDT’s breakout from the descending channel? Let's break it down to understand what can happen next:
💎#CPOOLUSDT has been navigating a descending channel and recently broke out to the upside. After the breakout, the price surged by almost 70%. The first profit-taking wave occurred a few days ago, and now the price is pulling back to retest the resistance-turned-support at the upper layer of the channel. This marks the second wave of profit-taking.
💎#ClearPool has a support level of around $0.132. This level has held multiple times before and we expect it to do so again.
💎However, if $0.132 support fails, we anticipate a bigger pullback for the #CPOOL to the next support level at $0.109. The chances of price increasing from here become much bigger.
💎The overall macro sentiment and Bitcoin’s price movement will significantly influence this prediction of $CPOOL, so make sure to keep an eye on the market. If the $0.109 support also fails to hold, the likelihood of a bearish continuation increases significantly.
Stay disciplined, stay patient, and always wait for the best trading opportunities. This is how you can become a winner.
MyCryptoParadise
iFeel the success🌴
BTC at HTF range middle 📉 Bitcoin Daily 📈
Bitcoin closed week at 66653. That was above higher timeframe range middle and above developing quarter VWAP. Can't say this price action looks bullish, but at least it hasn't yet completely wiped out all the bulls. In short term perspectives there is still a chance for a bounce to May close this week.
Higher timeframe picture and conditions remain the same. Acceptance below 66k will lead to BTC drop down to 63-64k and possible dips down to 59k (HTF range bottom). Last week close gives me bearish vibes - even if this week close above range middle chances to see those dips are close to "guaranteed".
Nearest liquidity pools:
above - 67260 / 67720 / 69195 / 70290
below - 65675 / 64885 / 64220 / 63080
Lines on the chart:
🔸72132 - May high
🔸71363 - March close
🔸69667 - week close
🔸68540 - week close (May)
🔸67577 - May close
🔸66653 - week close
🔸64025 - last April week close
Trend: D ▶️ W 🔼 M 🔼
🤑 F&G: 71 < 71 < 74 < 74 < 70