INJ Trade Analysis: Bullish Outlook 📈Current Market Context:
INJ is breaking out of a downtrend and demonstrating bullish momentum. The recent transition to a deflationary model adds a strong fundamental case for long-term holding.
Trade Strategy:
Entry: Initiate a trade at the current market range of $25 - $26. This entry point leverages the ongoing bullish breakout.
Take Profit: Set multiple take profit targets to lock in gains at different stages:
First Target: $29
Second Target: $35
Third Target: $45
Stop Loss: Place the stop loss at $23.17 to manage risk and protect against potential downturns.
Rationale:
Fundamentals: The deflationary model and strong metrics support a positive long-term outlook.
Technical Analysis: The break of the downtrend indicates a potential shift to a bullish phase, supported by lower time frame (LTF) analysis.
Crytpotrading
📉📈 SUI Trade Analysis 🔄💼Trade Overview:
SUI is currently priced at $1.0209 and has recently rebounded to a higher range of support, indicating potential bullish momentum.
Trade Technical Details:
Entry: Consider entering a trade between $0.90 - $1.10, leveraging the current support level and potential for further upward movement.
Take Profit: Set a take profit target at $1.40 to capture potential gains.
Stop-Loss: Place the stop-loss below $0.80 to manage risk and protect against adverse price movements.
📊🔍 Monitor SUI's price action closely for trade execution and adjustments! #SUITrading #CryptoAnalysis 🌐🔒
OPE! Putting in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looking like an impulse coming in.
The move down is funky, but the 3 wave up is clear.
PF is holding it down.
2.9793 is the official pivot bulls want to hold.
3.29 break from here may change thoughts.
📉 FIL Trade Analysis 📈📊 Market Overview:
Token: FIL (Filecoin)
Current Situation: FIL is retracing into a key support zone marked by the Fibonacci 0.618 level and previous high timeframe resistance.
Trading Approach: Observing buying pressure in this zone to trigger a spot buying opportunity.
💼 Trade Setup:
Entry Range: Consider entering the trade between $7 to $8, aligning with the key support zone and potential buying pressure.
Target Price: Aim for a take-profit range around $13 or $16.5, reflecting potential upside targets based on previous price action and resistance levels.
Risk Management: Implement a stop-loss strategy to exit the trade if the price closes below the critical support level, set at a daily close below $6.
📈 Rationale:
Key Support Zone: The Fibonacci 0.618 level and previous high timeframe resistance act as a significant support zone, attracting buying interest.
Buying Pressure: Observing for signs of buying pressure, such as bullish candlestick patterns or increasing volume, to confirm the validity of the support zone.
Upside Potential: Potential upside targets are based on historical price movements and resistance levels, providing achievable profit objectives.
One more chance to buy the dip 32k level is a strong support and resistance level. In history we can see that price had moved substantially from this level. Looking at the daily chart, we see the break of the 32k level, but not retested as support. All the hype about the ETF and the halving I think has giving us some great insight as to what is to come in the future. With that being said looking at the timing of everything, I would not be surprised to see one more sell off. Price will need to find support and a little more accumulation before the next run. We may never see BTC prices this low again and im sure the big players are going to want to beat price down a little beforehand.
Im expecting a nice pump up to the 52- 55k level before a final pull back to the 32k level.
Thoughts or comments welcome CRYPTO:BTCUSD
DOGE/USDT It required break the key level or will be rejected ??💎 DOGE has undoubtedly garnered significant attention in the market. Confronted with a challenging resistance area, DOGE needs to breach this level to sustain its upward momentum. The well-executed bounce from the demand area suggests a potential breakout from the resistance in the near future.
💎 If DOGE successfully achieves this breakout, there's the probability of substantial upward movement, reaching our target area.
💎 However, if DOGE fails to break the resistance in the near future, a retracement to the demand area becomes likely. The confirmation of a negative scenario occurs if, during the retesting phase at the demand area, DOGE fails to maintain its position, leading to a breakdown. In such a case, DOGE would shift to a bearish movement, potentially retracing to the robust support area.
DEXEUSDT 1 Hour HH Break'sDEXEUSDT Trade Plan Timeframe: 1H
#Forex #DEXEUSDT #TechnicalAnalysis #CryptoSignal #TradingOpportunity #Divergence #TradingSignal #TradingwithBelieve
Hey traders! 👋 Let's dive into a potential trading opportunity on the DEXEUSDT pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 1H- timeframe, we've been witnessing a Bullish trend in the DEXEUSDT pair. 🐻
🔄 DEXEUSDT is in strong bullish trend:
DEXEUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH. if the market successfully sustain this bullish confluence the next leg high could go for new HH. 📉🔄:
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bullish bias.
📈 Entry Price: 2.399
🎯 Stop Loss Level: 2.306
🚀TP1: 2.492
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
Bitcoin's bull-run not over yetBINANCE:BTCUSDT
• The perfect trap for more shorters to hop in for 'the bigger drop towards 25K to fill the daily gap'. Little do they know that it has already been filled from the previous days when it tapped into the 26Ks and pushed beyond 28K.
• Therefore, Bitcoin's maximum drop will not go below 26K.
• Bitcoin's current 'dump' is not a dump, as the asset's price has changed apx. (12.5%) which is an average price change for the so-called 'price correction'.
• Bitcoin correcting meaning it will be giving more opportunities to go further up (long).
• Bitcoin, for now, will aim for the 29\30K gap.
• Potential highs: 32\33K for last year's daily/weekly/monthly gap. If broken: 40Ks which is going to be the major big timeframe Fibonacci premium zone.
USDT.D Total Market Idea Cup and HandleUSDT.D On the 4HR is in a cup and handle pattern: Breakout of this pattern is BEARISH for the crypto market
It is near the top of the pattern so Looking for a breakout or rejection.
Currently is getting rejected by upper trendline.
Rejection here would give BULLISH price action for the crypto market.
As USDT.D falls crypto will rise.
Breakout: Watching overhead Resistance Levels: 7.04 - 7.09.
Next 7.18 - 7.30
Breakout here for USDT.D will give BEARISH price action for the crypto market
Rejection: Watching 4HR 21 Moving Average for support bounce or lose that level and Bearish Retest
Could also get a bounce off of lower trendline of cup and handle pattern 6.80 - 6.85 Zone
KDA/USDT is testing the resistance confluence of 1.2680$ resist#KDA ( Kadena ) showing signs of a potential breakout in the daily timeframe. According to technical analysis, the price of KDA has been consolidating within a range for some time, and it has recently formed a bullish pattern, indicating that a breakout may be imminent.
The breakout can be seen on the price chart, where the price of KDA has broken above a key resistance level. This breakout is further supported by the buying volume, which has increased significantly, indicating that there is significant interest from buyers in KDA at this level.
The breakout on the price chart and the increase in buying volume suggest that KDA may be poised for further gains in the near term. However, it's worth noting that cryptocurrency markets can be volatile, and there is always a risk of price fluctuations.
As with any investment, it's essential to do your research and understand the risks before making any trades. It may also be helpful to consult with a financial advisor or other qualified professional to get a better understanding of the potential risks and rewards of investing in cryptocurrencies like KDA.
Its just my Opinion
Like Sand in the hour glass...If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
From an Elliott Wave stand point I would be looking for at least a sweep of the low. My main focus is on these levels that seem to be reactive atm.
I will be keeping an eye on these levels for plays.
Cheers!
OKB - parabolic run at horizon - 140 in sightI'm super bullish on this one.
As long BTC stays on course then we could see a nice move on OKB in play.
So, I have my fibo levels and I believe that we will have a new parabolic run as we had before.
This time we will return to the rising channel.
Phoenix indicators are telling me that we have strenght in this bull movement.
This is my personal opinion, not a financial advise!
Take care of your hard made money guys!
Cheers!
Waited 539 days for this moment (LINK)The moment has finally come after waiting since Chainlink cycle peak May 10th 2021, its been 539days of downwards(since Cycle peak ) resistance on the dominance but finally we have a clean break.
This chart has showed us the future step by step and has been correct all the way. This Fib time Chainlink count has been correct for years now.
This was the strongest clue for me that the bottom was in for crypto , the last fib count on May 23rd 2022 signaled a bottom for the dominance and for the price of chainlink.
out of all the evidence that came in that the Bitcoin bottom is in , well atleast the "first" bottom , this was the chart that confirmed most things for me .
The time fib count yet again happen to be a important moment for chainlink showing that chainlink bottomed around this time.
Since August 2020 link has been moving down in domaince vs Bitcoin but finally we have had a major breakout which should signal a big move for Chainlink price since historically thats that what happens when dominance goes up.
There is another Time Fib count im following on chainlink aswell but this time its on the price chart check it out below.
What is also very interesting is that the 618 fib is where chainlink cycle peaked, so is it possible that we going to make a move up to 618?
Its been an amazing couple of years using this Fib count for Chainlink and as each count passes the time for the next extends so the next date is April 2024! .
ETHEREUM Is Confused...But The Price May Rally.Hey trader, I hope you're having a profitable week and ready for NFP!
As you can see, the price is bullish running in the double bottoms L2 and above the bullish crossed short-term MA's. It is preparing to rally for the patterns L3 and 200 MA (that is not visible here but on my MT4 chart). We'll get the confirmation once the price has bullishly closed and retested above the Daily H&S Neckline and 8 MA. However, our signal can be rejected because the price previously bullish broke and didn't retest the 1st Monthly Key Lvl, Mini Weekly H&S Neckline together with the 50 and 21 MA's; which gives us a bearish target that the price might anticipate.
With that in mind, take the trades at your own risk. This is not financial advice; I'm just sharing my point of view. If you decide to take the trade and lose, do not blame me but yourself!
That's it for today. I hope you found value in this article. If you have a different concept in mind, feel free to share it in the comments section below or in private, I'd love to know your thoughts and connect ;-)
Stay Blessed Baby,
Sphatrades.
🚀BTC/USDT🚀 +50% 30k?In the current analysis, we look at the king of cryptocurrencies Bitcoin.
On Chart 1D, we can see that it has been moving in accumulation since mid-June.
On September 21, the double bottom was compacted.
In the last few days, you can see that bitcoin is about to break.
The most appropriate level will be 0.382 of the last downward impulse, it will be around 30,000 dollars for one bitcoin, which we are able to see over the next months
ADA Cardano CAUTION Be Careful I wanted to post an update on ADA Cardano mainly for anyone who looks just to find vide3os of their exact coin they are investing in and or currently trading. I think that all too often people become overly involved and married to their ideas and or their one coin or stock and begin just looking at prices and point to BUY more and get their position DCA lower. This is all fine and dandy so long as you have an idea of what those levels are to watch for. when trading smaller priced coins in the cents people often just keep buying at each lower interval looking for it to just randomly stop at the next $0.01 cent down. Beware that this coin will begin most likely IMO dropping by 3-5 cents at a time from here should we lose this current level.
I also don't see a lot of well-balanced structure down below which is much the same for most of the crypto market at these current levels they are trading.
I'll begin trying to make more individual videos based on these popular coins being traded by the many newcomers to the crypto space in order to try and help bring some realistic expectations to their trading venture.
Hope this helps someone.
XRP: Bullish Volume Appears Stronger Than Expected! What's Next?XRP: Bullish Volume Appears Stronger Than Expected! What's Next?
During the previous analysis, XRP was above the triangle pattern and
now we can see it above the first and strongest 0.4200 resistance zone.
We are in good profits already.
If the price manages to hold above 0.4200, the next upside move will be
confirmed if the price bounces above 0.4400 - 0.4600.
For that breakout, I think XRP should accumulate a bit more volume.
If this area is to be cleared, it will rise further for the next target up to 0.5900
Thank you and Good Luck!
#crypto #BNBUSD SR Flip upper downtrend channel. Get long#crypto #BNBUSD Support resistance flip of the upper downtrend channel. Finding support on this channel is a very strong signal. High probability trade with a stop below the channel.
We had a tweezer bottom reversal on 19 June to make the trend our friend again.
Volume. Large green volume candles are dominating.
RSI is higher on each new low so sellers are running out of steam.
STO is high but has just dipped so can have another push higher.
Price 291.
Target 1 = 370 or just under 30%.
Stop Loss: 255.
BITCOIN UPDATE ahead of FOMC this evening (GMT)3 possible fundamental scenarios that we can get from the FOMC meeting with my full perspective on the price action we are seeing from BITCOIN - remember extreme volatility is expected trade safely. RISK management is key.
Wait for the market to show you direction then react.