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GMT

GMT is based on 1 stop lossHello everyone, let's take a look at the GMT to USDT chart over the 1 day timeframe. As you can see, the price is moving below the local downtrend line. Let's start with determining the stop loss that we should take into account in the coming days. As you can see, we have a fixed 3 stoploss: SL1 - $ 0.997 where the price is currently located. SL2 - $ 0.907 and SL3 - $ 0.798 Now let's move on to the targets that we can take into account, as you can see the targets are at the price: T1 - $ 1,027, T2 - $ 1,165, and T3 - $ 1,279 Looking at the CHOP indicator, we can see that in the 1-day interval we still have some energy for further moves, and the MACD indicator shows that we are following the local upward trend.
by cryptodailyuk
2
🔥MANA: $1 become strong resistance! What`s next?Hi friends! The value area around $1 has become resistance for MANA. What's next? 📊On the chart we see a return to the trend line after a small bounce. This shows the weakness of the altcoin. There is also no reaction on volumes, they have stayed the same. The chance of a fall is return. 🚩Targets: 🔶1. $0.86-0.99 liquidity gap. 🔶2. $0.73-0.72 is also the liquidity gap and not a strong target, but it is worth noting, because the nearest possible support for the price is behind it. 🚩Also, a false breakdown of the first liquidity gap is possible. The $0.86-0.99 liquidity gap placed exactly under the local low and key level of $0,9 so it`s highly possible. Growth in volumes will confirm the presence of buyers. 🔥Keep in mind this 2 scenarios. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
1
🚀ADA: does it reach these targets? Cardano reached my second take profit. After such a strong momentum movement overtook XRP in the list of the largest cryptocurrencies and took 6th place. 🚩What are the preconditions for a local correction? 🔶Breakout of the trend line and test it as a resistance. 🔶Rising volumes on the previous momentum. Indicates that a major player made a big sell-off. 🔶Weakness of altcoins to the Bitcoin. 🔶Bitcoin weakness near the $30K level. 🔥Fuel for the fall, will be traders who bought Cardano on rising momentum. In case of fall they will close their longs at loss and pushing the price down. 📊Targets: 0.51-0.54 - local target 0.45-0.47 - possible target 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
📊What is a key level? How to use it in trading? Clear tutorial!What is a key level? A key level is a price level on the chart that creates the support or resistance to the price when it falls or rises. A key level is also called an extremum. 📊There are 3 types of levels in total: 1. Resistance level — when price rises and rebounds down when it test the level. 2. Support level — when price falls and rebounds up when it test the level. 3. Mirror level — when the level is both support and resistance. 🚩How to identify the key level? As a rule, the key level may be either the price maximum (high, H) or minimum (low, L). Price maximums occur when the price moves in a trend (bearish or bullish). It is harder to identify the key levels during consolidation, because often the price simply blurs them, making false breakouts, as we can see on the Bitcoin chart. Especially often the key level is the global highs (ATH). It can be found on any timeframe, but the higher it is (4 hours, 1 day, 1 week), the more clearly they work, because the level of 1 week may be identify by a scalper, a swing-trader or an investor, while the local levels of 1-30 minutes are only looked at by scalpers, i.e. a smaller total number of traders. Usually, the key level is an even number: 1, 50, 100, 1000. For example, $ 50,000 for Bitcoin, $ 2,000 for Ethereum, $ 1.5 for Forex pairs. 💹Why do key levels work? It's all because the traders place their orders near these levels. To put it simply, key levels work and price reacts to them, because a large number of traders often use them. Every trader knows that when Bitcoin is falling, the level of $ 20,000 will be support for the price, because this is the level of the previous ATH, and most traders put buy orders, so the bounce of the price can be huge (10-20%). ✅How can you use a key level in trading? There are many different uses of the key level in trading, for example, trading a rebound from a level when a trader places a buy order below the level or a sell order above the level. As I said before, the more prominent the level on the chart, the stronger the price pullback, so some traders place their orders near key levels in advance to buy or sell at the best price. Also, I use the key level on 30m-4h timeframses to identify price weakness or strength for false breakout trading. A false breakout of a key level shows that most traders are set up for a price move in the other direction. 🔥As many traders as there are ways to use the key level. My advice is to be craftier and use the key level with the rest of the technical analysis instruments, candle patterns, indicators. That way your win rate can increase significantly when different approaches are used together. 🏁Traders, how the key level helps you to identify the best entry point? Share your idea or a screenshot in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
Education
by Yuriy_Bishko
6
🚩EGLD: falling wedge breakout! Wait for confirmation!EGLD price made a bullish wedge after a false breakout. As we know, the crypto market has its own specifics of patterns. Often it happens with manipulations, collecting of stop losses, false breakdowns, etc. In this case, the manipulation was the first time when the wedge was broken out, when the candle collect liquidity above the wedge and returned to it. The price fell by 8-9%, almost the same as the entire crypto market. It`s not to much and show the bulls power. By volume, we see that this altcoin has been bought 3 times at the bottom. This indicates a big player who is accumulating a position. Locally, we might see a breakout of the bullish wedge. If the volumes grow on price pullbacks, it will confirm our bullish scenario. Targets can be identified by the horizontal volumes indicator. It`s the largest value areas, where the most of traders will close their position: $90-93 $107-110 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
3
🚀SHIB: trendline breakout and THEN...!Hi friends! Shiba could create a great pattern to open a long. Even in spite of the lack of volume. ✅On the volume indicator, we see the buyer buying the bottom of the Shiba for 3 times. This is a good sign for a possible local growth. 📊With the price returning to the trend line and squeezing under it we may see a breakout with targets: $0.144 - local highs, which the price has not yet tested $0.1618-0.17 - the first value zone $0.2-0.21 - the second value zone. 🚩With such a market, there's no need to hope for reaching the second value zone. Altcoin is getting weaker relative to Bitcoin, dominance is growing. The fact that the price reaches the first value zone will already be an achievement. But that means that you should only look for the best opportunities with RR 1:5-7 and not trade everything in a row, especially if you are beginner. ✅Also, a short trade is also possible. Pay attention to the volumes at the top a few days ago, after which the price dropped. Someone sold on the highs. Therefore, we can wait for a false breakdown of the trend line, with the volumes rising again, which will indicate the presence of a big seller. The local low of $0.914 could be the target for the downward movement. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
6
TARGET PROJECTION FOR GMTUSDT IN THE DIARYPrice formed a double bottom pattern, in a downtrend, also characterizing a descending triangle and, in my view, if it breaks ~up, the price can seek this price projection. Obviously it may take a few days, even because the chart is in the diary. But I believe you can look for that price region. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
2
📈SOL: open a long after THIS confirmation on chart!Solana (SOL) is a top gainer of 2021🔥 But what happen to this alt in 2022? It depends on Bitcoin and Ethereum movement. As you see all alts fall by 75-90% following the movements of biggest crypto. 🔥It was expected for Solana that it ALT can fall to the large green zone which is support for the price and a lot of liquidity for the whales. 📊But what about local scenario? On the chart I marked 2 liquidity gaps. As we can see, during the test of the $58-63 gap the price fell by 31%. This shows the weakness of the altcoin, but it did not fall below its lows, as even Etherium did - this is a positive signal. Now there is a small squeeze under the trend line, but it seems to me that Solana has not yet accumulated enough strength to continue the growth. Therefore, a local decline is possible, and after returning to the trend line and a squeeze, the price can continue to move to the liquidity gap of $58-63. ✅What will indicate the presence of a buyer? The volume indicator will help identify if someone is accumulating a position before the trend line breakout. Therefore, it is essential to keep an eye on volume. 🚩What could stop the growth? It is necessary to pay attention to false breakouts of the local highs of $48.5 and $55. A big player can push the price up to make long traders fuel for the dump. Also, Bitcoin and Ethereum should indicate buyers power. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
10
GMT has rebounded from resistance and is gaining energy. 4HCHARTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local trendline. Let's start by identifying the stop loss we have in the near future: SL1 - $ 1.1154 SL2 - $ 1,0001 SL2 - $ 0.9968 Now let's move on to the goals we may consider: T1 - $ 1.2724 T2 - $ 1.3890 T3 - $ 1.5492 Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy for the next move, while in the MACD indicator we see that the blue line crosses the red one from above, which could potentially lead to a further decline in the price. Be careful and use stoploss in the short-term game.
Short
by cryptodailyuk
📈XTZ: pullback and trap by the whales! Should you open a long?📊Tezos (XTZ) looks stronger than the most of altcoins. After the fall, it almost didn't consolidate and started to grow, which shows high demand. But a local pullback is possible. How will it happen? 📊The price is now in a triangle and a pullback is possible under the lower boundary of this triangle in order to collect liquidity (stop losses) of long traders below key level $1.76. False breakout return the price in the triangle zone and make short traders, who will open shorts on a breakdown, push the price higher and higher, closing their losing trades. 🚩It's essential to look at volumes. Exactly on the volume indicator we can see the confirmation of our idea. The growth of volumes will show that a large number of trades have been made, which means there is interest from a big player. ✅The first target will be the key level of $2.88. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
2
🔥ADA: don`t miss second opportunity! Squeeze before breakout!Cardano (ADA). The price reached the first target of $0.52 level. This altcoin has all chances to reach the second target of $0.6. How the entry point were identified: 1. someone buy a lot of Cardano at the bottom. You can see it at the volume indicator, which shows us amount of traded coins or $. The bars grow after the bottom were riched and second time before trendline breakout. 2. squeeze under the trendline which is bullish signal. 3. 2-3 weeks of consolidation of crypto market. BTC show signs of strength. If Cardano starts to squeeze under the trend line after a small consolidation (accumulation of power), it will be a good opportunity to open a long with a short stop-loss and excelent RR 1:7-9. Why this targets? As you see at the horizontal volume indicator there is huge valua areas which become a resistance for the price. But after a few week consolidation Ada have enough power to reach the second target. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
11
📊DOGE: is it happen now? Don`t miss the chance!Hi, friends! DOGE is pumping on the news from Elon Musk, and the whales continue to sell well on it. What to do next time to not miss the long? Notice how volumes rise on the lows and the highs. After the last fall, the volumes were huge, a large amount of liquidity to buy for the whale. Local sales on news from Elon and after a breakdown of the trend line. Local selling is perfectly visible on the volume indicator. 📊The possible scenario is a bear trap after a local pullback. When the global trendline is broken up, the price went up a few %, but stopped in the resistance zone of $0.083-0.09. This shows the weakness of Doge and a local pullback is possible. But where to? Pullback to the global trendline is most likely. After a false break down, it could be a bear trap, after which the teddies will become fuel🔥 for growth. 📊The targets: 🔶$0,105-0,11 🔶$0,125-0,13 ✅These value zones can stop the price, most traders will close their trades here. 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
4
🏃GMT: you can't run away from a SCAM.📊Actually, it`s +15% after the last idea. You can read about why the STEPN fell and possible scenarios of pump or dump in this idea. 📊At the moment on the volume indicator we can see an increase in volume at every test of the bottom, which means that the coin is being bought back. Especially it can be seen on the massive sell-off when the price temporarily renew its lows (2) and the coin has already risen by 50% after that. Definitely a sign of strength. 🔶1. $1.31-1.54 is the largest zone of value, a strong resistance for the price. After the 50% growth, GMT should consolidate under this area for some time, to accumulate the strength for continued growth. 🔶2. $1.87-2.02 - the first target, a value zone, an even number. Traders who bought a $1 coin will close their longs. 🔶3. $2,53-2,77 - the second target ✅Friends, trade with stop losses, this is a must. Remember, the Chinese players, were the main players and now this market is being shut down for STEPN. Even if the volume indicator shows buying, remember what happen to LUNA! Do you think this is a scam or should we expect a strong growth of Move-2-earn projects and STEPN will be the largest of them? Let me know in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
9
🚀WAVES: the hype is back! Is the scenario repeat again?Hi friends! As you all see WAVES starts pumping, It`s +34% in the few hours. Should you buy now? Let's go into more detail about this situation! According to the pattern which Waves follows, the price need to stay a little bit in consolidation to let the whales buy more coins and letter sell it out to retail traders on hype. The targets: 1. $5.75-7.35 - first value area and huge resistance for the price. I think the price will consolidate below this area until BTC will not make +25-30% and buyer return to the crypto market. 2. $12.20-14.70 3. $20.64-23.80 I`ll try to find the best entry point at the trendline breakout alonfg with some bull traps or manipulations, because it`s one of my favorite strategy. Of course growth will happen if Bitcoin show the strength and starts growing. As you know. almost 99% follows the BTC movements. The price can continue the growth on some excelent "news", but if you`ll buy it, is it a trading actually? Share your experience how do you earn on the news! Let me know in the comment! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
W
by Yuriy_Bishko
8