XLMUSDT Technical Chart ReviewWhen the daily chart of XLMUSDT is examined; It is observed that the price movements continue in a downward trend. As long as the crypto price does not break below the 0.08059 level, it is evaluated that in price movements above the 0.09406 level, it can cross the 0.11566 level and target the 0.14259 level.
Fractales
COTTON Graphic ReviewWhen the COTTON daily chart is examined; It is observed that the price movements continue within the possible Çanak formation formation. As long as the COTTON price level is not broken down from the 6611 level, it is evaluated that the price movements above the 7553 level may exceed the 8187 level and target the 10143 level.
Tesla - A Head & Shoulders in a H&S :DFrom the base of the most recent rally to the selloff at the major neckline, price has retraced about 80% of its gains, leaving us with 20% left from the last low. Its expected to see continuous selling pressure until $155, and a possible spike-out around $133.
First lets confirm local support lvls (30min - 1min) for a reversal back to liquidity (~$216) to only selloff once again.
Buyers displayed aggressive price action from $110 and $155 which is overall bullish in the long term.
Bitcoin PA (Linear) and the 50 EMA repeating patternOn the main image, As noted on the Day counts, See how the 50 EMA ( red) was under the PA at the ATH but dropped below arounf 270 days later.
It then remained below PA for around 700 days from ATH and then, now it has broken above again, we are climbing.
Now compare that to the 2013 / 2014 PA
Same days counts and PA back above, it Rose steadily to a New ATH in 2017, 777 days later.
If you Look at the image below, Not only is PA following the Fractal, but thsat 777 day count brings PA right up to the 4.236 Fib line around April 2025, which has confluence with many charts
There re so many things going on with PA right now, that just copies the past, it is a little unnerving to be honest but at the same time, IT IS SUPERB
These Cycles DO Exist, no matter what is said or done to try and stop them.
However, it take three points of contact to make a trend line.
Rgus us ibkt rgw 2nd time "Trend Motion" has happened......
It may not end up like this at all and so , please be cautious...However, It is uncanny.....
Enjoy
Looking Long! Heavy Support formed, while in a triangle.Compare this Chart to BTC2 as per my X post, we can see a big base o support formed with volume, price traded around that POC support, then brokeout nearly 80%. I am expecting at least a breakout, % wise, who knows with these low vol alt coins.
$Bitcoin for Q1,Q2 and Q3 | Fractal |Hi fam,
Following our previous analysis about CRYPTOCAP:BTC and my clear thought on seeing Q1 a Red one i want to add a fresh view about previous fractals that has the possibility of recurring in coming months.
So here it goes,
a premature top or local top creates at 0.618 fib level of correction wave. Dec 2017 correction wave started from 20k to 3k and bounced. the best guess about how much did it bounce? fib. 0.618 is the answer.
So fib. 0.618 created out premature top before halving event around 13.8 k. the price printed the next low at fib. 0.618 and then my personal fib. level at 0.869 of the last impulse wave as an ABC correction. this was the max pain right before the main move starts from 3k to 69k.
the correction wave duration was 260 days.
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This cycle we saw market top at 69k and correction wave ended at 15.5k (i shared this bottom many weeks before it happen in my ideas).
if we expect to see the last fractal happen again then price must bounce from 15.5k about fib. 0.618. it is what exactly happened. price bounced to 48.5k which matches fib. 0.618 of the last correction wave.
So far it repeated the last fractal by notable accuracy.
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what to expect next?
if we consider 48.5k our new premature top before halving then the correction to levels of 0.618 and my level at 0.869 will give us these numbers:
26.6k and 19.3.k.
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I expect to see price at these levels in coming weeks and months.
Q1 as i said before will most likely to be Red.
Q2 will most likely to be Green with a "B" wave from 26k to 40k.
Q3 will be Res again to show the max pain down to 19k.
Q4 will be mind blowing Green again.
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These are my personal thoughts and might be wrong. Always DYOR.
Cheers!
ALGO's Parabolic Growth: Cup and Handle Masterpiece! 🚀Algorand (ALGO) emerges as a distinguished performer, crafting a masterpiece in the form of a Cup and Handle pattern. With a breakthrough of a crucial trendline, ALGO is now shaping the handle of this pattern, signaling potential for a resolute continuation of its upward journey.
Chart Analysis: Crafting the Cup and Handle Symphony
Cup and Handle Formation:
ALGO intricately weaves the narrative of a Cup and Handle pattern, a bullish continuation formation.
The cup, formed by a gradual rounding bottom, transitions into the handle—a consolidation before the potential surge.
Trendline Breakthrough:
ALGO marks a significant breakthrough, piercing through a vital trendline.
This breakout serves as a precursor to the formation of the handle, setting the stage for a potential strong upward movement.
Anticipated Scenarios: A Harmonious Surge
Crafting the Handle:
ALGO is currently in the process of forming the handle, a consolidation phase within the Cup and Handle pattern.
This consolidation is essential for gathering momentum before the next phase of the bullish journey.
Bullish Continuation:
The completion of the handle sets the scene for a potential bullish continuation.
Traders and investors eagerly anticipate the symphony of growth, expecting ALGO to resume its ascent.
Strategic Approaches: Navigating ALGO's Crescendo
Strategic Entry Points:
Traders may strategically position themselves during the handle formation, ensuring entry at optimal points within the consolidation.
Timing is crucial, and vigilant entry strategies could enhance the potential for capitalizing on the anticipated surge.
Monitoring the Handle Dynamics:
Continuous monitoring of ALGO's price action within the handle is imperative.
Breakout confirmation from the handle would be a key signal for traders to act on the anticipated bullish continuation.
Conclusion: ALGO's Symphony Continues to Unfold
As Algorand weaves the harmonious notes of its Cup and Handle symphony, traders and enthusiasts alike await the completion of the handle—a prelude to a potential surge in price. The stage is set for ALGO to continue its journey, composing a resounding melody of growth in the crypto realm.
🚀 Crafting the Cup and Handle Symphony | 🎻 The Crucial Trendline Breakthrough | 🌌 Navigating ALGO's Crescendo
❗See related ideas below❗
Share your insights on ALGO's chart dynamics and join the conversation about the potential breakout and its implications. 💚🚀💚
USDCAD BREAKDOWN ON HTF MONTHLY ALSO WEEKLY Hello traders, this is FX:USDCAD Breakdown, we see the overall trend is is Bullish there's no confirmation to tell the opposite, so this is a strong Bullish trend we ranging on a high scale but we gonna continue the Upside Movement i be doing a Daily and a 4H Breakdown for FX:USDCAD sonner!
LTC Fractals : Unlocking the Power of Repetition 📊🔁ŁGreetings, fellow traders! 🚀 Let's delve into the captivating world of fractals – a concept that reveals the art of repetition in trading patterns. Today, we'll explore the phenomenon of the Double Bottom pattern on the Litecoin chart. Brace yourself for insights into the power of fractals in forecasting market movements.
🔍 Understanding Fractals: Picture fractals as the echoes of patterns across different time frames. Just as nature exhibits patterns that repeat at various scales, trading charts also showcase fractals – smaller patterns that resemble larger ones.
📉 The Double Bottom Tale: A Double Bottom is a classic bullish reversal pattern. It consists of two distinct troughs at nearly the same price level, forming a "W" shape on the chart. This signifies a potential trend reversal from bearish to bullish.
🔄 Fractal Repetition: Here's where fractals come into play. A Double Bottom pattern on a smaller time frame can mirror a larger Double Bottom pattern on a higher time frame. The repetition of this pattern underscores the market's inclination to follow similar dynamics.
🚀 The Power of Recognition: Identifying a Double Bottom pattern on the Litecoin chart can offer insights into potential price movements. A successful breakout above the pattern's neckline could signal a bullish momentum.
💡 Insights for Traders: The concept of fractals teaches us to look beyond the surface and recognize patterns that repeat across time frames. Understanding these echoes can equip traders with enhanced analytical skills.
Deja Vu in Crypto: Bitcoin's Echoes of History RepeatingHave you ever felt like you've seen this before? Well, in the world of Bitcoin, history has a knack for repeating itself, and the charts hold the key to these intriguing echoes.
A Trip Down Memory Lane: 2020 Revisited
Why Does History Repeat?
Human Psychology: The crypto market is driven by human emotion. Greed, fear, excitement – these emotions tend to play out in similar ways, leading to recurring patterns.
Market Dynamics: Certain market dynamics, like supply and demand, tend to exert consistent influences over time.
Cycles: Markets operate in cycles, influenced by factors such as macroeconomic events, technological advancements, and regulatory changes.
2020 vs. Now: A Closer Look
While history may be echoing, it's essential to remember that no two moments in time are identical. The context, the players, the global circumstances – they all contribute to the subtle differences between then and now.
Trading Wisdom from the Echoes
Learn from the Past: Studying historical patterns can provide insights into potential future movements. What happened after a similar setup in 2020 might offer clues for today.
Exercise Caution: While history might repeat, it doesn't guarantee the same outcome. Always exercise caution and consider other factors.
Stay Informed: Stay updated on current events, as they can drastically alter market dynamics and outcomes.
In the world of Bitcoin, history is more than just a dusty record – it's a guidebook. Keep your eyes on the patterns, your finger on the pulse, and your mind open to the echoes of the past. What we're witnessing today might just be the prelude to the next chapter in the fascinating saga of cryptocurrencies.
USDJPY 1H 26/04/2023Currently, on the 1-hour timeframe, we are in a bearish range that goes from 133.94 to 133.01. We can also see that the structure has broken down multiple times, mitigating the larger demand zones. Therefore, we could expect two possibilities: firstly, the price could react to one of the marked gray demand zones, or alternatively, it could break the structure upwards without a pullback. This would signal a possible redistribution, and we could look for bearish ranges in lower timeframes to continue the established movement.
BTCUSD 1D 26/04/2023Currently, on the daily timeframe chart, we are within a bullish range that ranges from 26,679 to 31,170, with the latter being the liquidity point of the range. We can also see that the price reacted to the first supply zone ranging from 27,590 to 26,689, and the mitigation of this zone could indicate that we can look for new bullish ranges in favor of the daily trend in lower timeframes to position ourselves in the movement towards the liquidity point of the daily range.
BTCUSD 1W 25/04/2023 Currently, on the weekly timeframe chart, we can see that the price has made an initial structural change to the upside. If it closes above the current range at 31,170 with a strong bullish candle, we could see that the double break of structure to the upside would result in a new weekly bullish trend that we could follow to anticipate a sustained and consistent upward movement.
USDJPY 1H 20/04/2023In the 1-hour timeframe, we can see that the price is currently in a bullish range between 135.134 and 133.954. This range would be broken if the price falls below 133.954 with a full-bodied candlestick. If this occurs, we could consider taking a short position within the gray areas marked in the chart, as they would be within the valid range of the new bearish range.
The first area to consider is between 134.358 and 138.261, while the second area is between 134.830 and 134.665. These areas represent potential opportunities for short positions, as they are within the range of the new bearish trend. However, it is important to note that market conditions can change quickly, and traders should always exercise caution and make informed decisions when entering or exiting positions.