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SasanSeifi| Is a Bullish Breakout Around the Corner?Hey there, ✌ In the daily chart of BINANCE:METISUSDT , as shown, the price has been on a downtrend since reaching the $76 level. After this decline, the price reacted to the $25 level, entering a range between $25 and $42. During this period, the price experienced some fluctuations and relative growth. Currently, after hitting the $42 level twice, the price has pulled back to the demand zone. In this area, we’re seeing some positive movement, with the price now trading near the downward trend line. It appears that a Double Bottom pattern has formed around the $31 level, which could signal a minor upward move. If, in the daily timeframe, the downtrend line and the $37 to $38 price range are broken, and the price stabilizes above this level, there is a chance for an increase towards the $40 and $42.50 resistance zones. In such a scenario, it will be important to monitor how the price reacts to these higher targets. Should the price break through the $42 level and maintain its position above it, the next potential target could be the supply zone between $46 and $50. For risk-tolerant traders, the $36 price range could serve as an entry point. Additionally, upon a breakout and stabilization above the downtrend line, more secure entry points may be identified. The key support area for METIS lies between $33 and $31. Holding this support zone is crucial for a bullish scenario. If this level is lost, further price declines are likely. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
Long
by SasanSeifi
2
SasanSeifi| Key Levels to Watch in the Daily Timeframe!Hey there, ✌ FX:GBPUSD In the daily timeframe, as evident from the chart, after a bullish move, the price has struggled to break above the 1.34 level and, following a period of consolidation, has faced a downward trend. Currently, the price is trading around 1.30. The overall trend suggests a bearish outlook, and it’s expected that if the price breaks below the 1.30 level and confirms this breakdown, we could see it heading towards the target of 1.29500. After this move, the price may enter a range-bound or minor consolidation phase before dropping further to the 1.28500 area and the demand zone around 1.28. Alternatively, another scenario is possible where if the 1.30 level holds, and we observe confirmations in lower timeframes, the price could rise towards the FVG zone between 1.30200 to 1.32700 and potentially up to 1.33. In this scenario, after a slight rally and pullback, the price might return to the 1.30 and 1.29500 levels. It’s crucial to closely monitor the price’s reaction to these levels for better insight into future movements. This analysis is based on personal opinion and is not financial advice. Always conduct your own research before making any investment decisions. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
SasanSeifi| Is Ethereum Poised for a Move to Higher Levels?Hey there, ✌ In the daily timeframe analysis, as shown, the price has entered a downward trend from the $4,000 range. Following this price drop, it reacted at the important support level of $2,100, oscillating between the price ranges of $2,100 to $2,800. Currently, after observing demand at the $2,300 level, the price has experienced slight positive fluctuations and is trading around $2,600. Based on the candlestick behaviour, it is anticipated that in the short term, the price may rise towards the important resistance levels of $2,700 to $2,820, with some minor positive fluctuations. If the price breaks above $2,820 and stabilizes in lower timeframes, the likelihood of further price growth towards the resistance zone of $3,000 to $3,250 increases. In such a scenario, monitoring the price reactions at these levels will be essential for evaluating the next trend. However, if the $2,820 level is not breached and the price fails to maintain its stability, the possibility of a price retracement may rise. The long-term outlook remains bearish, with expectations for the price to move towards the $1,800 to $1,500 range. In the daily timeframe, the $2,450 to $2,300 levels serve as critical support. Maintaining the price above these levels is crucial for the desired scenario. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
by SasanSeifi
70.3K is a nearest targetMorning folks, So, BTC nows shows good bullish context. Downside action was limited with our AB=CD. Due to couple of bullish grabbers on weekly chart we consider 70.3K Top as the nearest target. On intraday charts we consider 62-63.5 and 61.15K Fib levels as potentially interesting for entry. It is just unclear in what manner the pullback happens. Big reverse H&S pattern is more in favor of 61.15K area, while gradual minor retracement could point on 62-63K... Overall context bullish and we do not consider any bearish positions by far.
BITFINEX:BTCUSDLong
by Sive-Morten
SasanSeifi| Are We Headed for $35/$40 !??Hey there, ✌ BINANCE:AVAXUSDT In the daily timeframe, we've witnessed a persistent downward trend for more than four months. Recently, the price corrected and has now entered a phase of positive volatility around the $20 level. After breaking the downtrend line, it successfully reached the critical $30 threshold, indicating significant growth. At present, after testing the $30 resistance, the price has retraced and is trading around $26. It's vital to maintain support levels between $25 and $20 for a continued upward trajectory. Looking forward, if we can hold these support zones and the price stabilizes above the 200 EMA and the $30 level, we could target a move towards $35 and potentially reach the $40 order block. For a better grasp of future price movements, it’s essential to monitor how the price reacts. Should the price fail to hold above these critical support levels and dips below the demand zone, we may see further corrections down to $15, $13.50, and $10. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
62K for entry 57.8K for targetMorning folks, So BTC has failed to break the vital 64.5K resistance that we've talked about last time. It means that context remains bearish and chances on downside AB=CD have increased. Especially on the back of outstanding rally in USD and US yields. It makes us to consider no long positions by far, treat former 64.5 top as invalidation point and watch south. Nearest downside target seems to be around 57.8K. For position taking it is possible to consider 62K intraday resistance, if you have plans to sell. For long position taking we need to get either failure of current bearish scenario and rally above 64.5K top or deeper standing support areas. We have nothing yet, so let's wait with any longs by far.
COINBASE:BTCUSDShort
by Sive-Morten
SasanSeifi|Will the 0.30 Cent Level Hold?Hey there, ✌ BINANCE:ADAUSDT In the daily timeframe, as observed, the price followed a downward trend from the 0.80 cent range, extending the correction down to 0.30 cents. Afterward, the price entered a consolidation phase within the 0.30 cent range, which has since been maintained. Currently, we’re seeing a breakout of the long-term descending trend line, and the price is trading around the 0.35 cent level. The scenario we can consider in the daily timeframe is that, given the preservation of the demand zone and after accumulating liquidity, the price could see an upward movement towards the target of 0.39 cents and the supply zone in the 0.42 cent range. To confirm further upward movement, we need to observe the price’s reaction to these zones. (For a continuation of the uptrend and reaching the 0.50 cent target, the supply zone needs to be broken, with the price stabilizing above it.) On the other hand, if the price falls below the 0.30 cent range after a consolidation phase and stabilizes, the probability of further correction increases. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
SasanSeifi| Will DOT Break Out Above $4.50?Hey there, ✌ By analysing the daily chart of BINANCE:DOTUSDT , we can see that the price has been in a downward trend for some time and is currently trading in a range around $4. The current key support level is at $4. One scenario to consider in the daily timeframe is that if the price breaks the downtrend and stabilizes above $4.50, it could reach short-term targets around $5, as well as targets in the range of $5.80 and the supply zone at $6. To better understand the future price movements, it’s essential to observe how the price reacts to these levels. (For a continued bullish trend in the long term, breaking the significant supply area at $6 and stabilizing above it is crucial.) Conversely, if the price breaks below the $4 level and stabilizes after a range-bound period, the likelihood of further price corrections may increase. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
SasanSeifi|Is a Breakout Looming? Watch the 0.35 Resistance!Hey there, ✌ In the daily timeframe, as you can see, the price has entered a consolidation phase between 0.25 and 0.35 cents after a downward trend, maintaining the 0.25 cent level for nearly five months. Currently, the price is trading around the descending trend line at 0.31 cents. If we see demand and a breakout above the significant resistance level of 0.35 cents, and it holds, we can expect the price to rise towards the target of 0.40 to 0.42 cents. To understand the continuation of the trend, we should monitor how the price reacts at the first target. We may observe a pullback and then a renewed rise towards the supply area of the second target at 0.47 to 0.50 cents. The crucial support level remains at 0.25 cents. If the price does not behave as expected and breaks below 0.25 cents, the likelihood of further correction will increase. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
BTC is a victim of liquidity problemsMorning folks, So, we've planned just perfect last time, and BTC actually has dropped but much faster than we thought. It was not even able to form the right arm of H&S pattern and collapsed. But don't search the explanation on cryptomarket. The reasons are more pragmatic - short-term liquidity fall in the US. First is BofA collapse yesterday, then SOFR rate has jumped above RRP. Sea ports are under strike, which also bring a mess in mutual relations of all counterparts. So, current BTC drop is a pure run into liquidity. We do not know when it will be over, hopefully soon. But now we do not consider any longs and prefer follow to the market and see what reaction will be around strong support areas. Next one is 58K
COINBASE:BTCUSD
by Sive-Morten
63K and 68.75K to watchGreetings everybody, Just on Thu we've decided to be cautious about any bearish positions as market was behaving not typical, BTC has made drastic changes on Friday. A lot of bullish signs now. It means that currently we have bullish context. Our nearest target is 68.75K. Meantime, market has hit local 4H H&S target and now shows the response. Here 63K looks interesting for long position taking - trend line support and 3/8 Fib level. Besides, if later this construction will shift to H&S - we should get upside bounce in a way of right arm, so chances to move stops to breakeven look as good. Another pattern that might be formed - upside 1.618 3-Drive and BTC could start upside action earlier than 63K. If you want to foresee this either, one of the options is to split position in parts and take small part first, say, 30% of normal trading lot. Take the rest if BTC hits 63K support.
COINBASE:BTCUSDLong
by Sive-Morten
Watching for the same 60.5K areaMorning folks, So, the plan that we've prepared last week mostly stands the same. In fact, BTC has decided first to complete upside nearest AB=CD target, and starts retracement second. So, although we were waiting for pullback on previous week, it is starting only now. Here, on 1H chart you could see potential H&S pattern. We do not call you to trade it, because our primary context is bullish (although you can if you want). Here we're mostly interested with its fruits - downside pullback somewhere to ~60K support area. Which we think might be interesting for long entry later in the week. Cheers.
COINBASE:BTCUSD
by Sive-Morten
Watching for 57-57.5K levelMorning folks, So, upside target of last week around 60.5K is done, H&S worked very nice. Now, I suppose, it makes sense to wait a bit and see what will happen around 57-57.5K support area. Reason is simple. Technically BTC keeps door open for both scenarios. Supposedly the Fed statement should be dovish and supportive to BTC, but only if they either change rate for 50 points (that I have big doubts about) or will tell something very dovish on conference. Right now we do not have any clear signals. So, our choice is to wait when market hits support area, then watch on 15-30 min charts for any bullish reversal patterns. If we get any - it will be possible to use them for long entry. If not, or if the level will be broken - it would be better to forget about long entry for some time.
COINBASE:BTCUSD
by Sive-Morten
BTCUSD: Revisiting 58K, Eyes Still on 61K - 62KGM crypto bro's, this morning the Fear and Greed Index is back in the fear zone, while the stoch RSI seems tired of being overbought and may be dropping towards the oversold area. Looks like BTC is not in the mood to hit 61K - 62K this morning and is just hanging out around the 58K range again 🗿. Based on today’s price action, there’s a possibility of a drop back to around 57K, but the potential pump to 61K - 62K is still our target for now. Remember, the market is dynamic. Don’t be FOMO, stay safe, keep calm, and always remember that anything can happen in the crypto market. Always maintain your risk. And as always, that’s the crypto update for today. It’s Akki, signing off with one chart, and have a nice day.
INDEX:BTCUSD
by x_Akki
Pullback to 60.3KMorning folks, Probably I should make it as an update of previous idea... anyway... BTC shows upside bounce from the 1st 52K target. The pullback obviously is taking shape of reverse H&S pattern. Thus, the setup #1 for scalp bulls. You could think about this pattern, and its target around 60.3K For the bears it is nothing so far. You should watch for 2 moments - either H&S failure, or its completion around 60.3K Fib level and consider any ways for short entry there, if we get corresponding trading setup. For now it seems early to bet on downside continuation.
COINBASE:BTCUSD
by Sive-Morten