Hexatrades
INJUSDT: Potential Bullish ContinuationINJUSDT Technical analysis update
INJ has formed a symmetrical triangle pattern after reaching a new all-time high. A breakout from this pattern could indicate the potential continuation of the uptrend.
Buy level: Below $35.5
Stop Loss: $31.00
Mid Term Target: $50
Long Term Target: $100
Regards
Hexa
MAGICUSDT Good Buy!MAGICUSDT Technical analysis update
Buy zone : Below $1.285
MAGICUSDT price has formed an ascending triangle pattern. The price is nearing the resistance line, and a breakout could indicate potential upward movement in MAGIC.
Support : $1.175
Resistance 1: $1.38
Resistance 2: $1.60
Resistance 3: $2.00
Always keep Stop Loss
Bitcoin $200,000: A Matter of TimeThe price of Bitcoin has historically exhibited an upward trend following each halving event. This phenomenon stems from a combination of factors, including a reduced supply of newly minted bitcoins, increased demand driven by scarcity, positive market sentiment surrounding the halving, and speculative buying fueled by anticipation of future price appreciation.
The price of Bitcoin began to rise significantly in the months leading up to the 3rd halving, which occurred on May 11, 2020. The price rose from around $5,000 in March 2020 to over $10,000 in May 2020. After the halving, the price of Bitcoin continued to rise, reaching a peak of over $68,000 in November 2021.
The fourth halving is estimated to occur in the second week of April 2024. The price of Bitcoin has been rising since the beginning of 2023, and I believe that it could reach $46,000 before halving and forming strong resistance for the next breakout. However, it is also possible that the price of Bitcoin could decline before the halving, as it did in the months leading up to the second and third halving in 2016 and 2020.
After the 4th halving, we can expect a significant upward movement in Bitcoin. Additionally, we can expect ETF approval after the halving, which could further impact the price of Bitcoin and drive it upwards to $200k.
Thanks
Hexa
RDNTUSDT Pump Is Incoming!RDNTUSDT Technical Analysis Update
RNDTUSDT price is breaking its resistance zone after 240 days of a ranging market. The high volume from last week indicates this is a bullish indication for RDNT.
Buy zone : Below $0.35
Stop loss : $0.29
Take Profit 1: $0.405
Take Profit 2: $0.495
Take Profit 3: $0.70
Regards
Hexa
TRBUSDT About To Hit New ATH!TRBUSDT formed a cup and handle pattern on the daily chart, with price nearing the neckline. The $164 level, a previous ATH resistance, awaits above. A breakout could trigger a significant bullish move for TRB.
Buy zone : Below $120
Stop loss : $88
Take Profit 1: $160.00
Take Profit 2: $220.00
Take Profit 3: $400.00
Regards
Hexa
Comparing Bitcoin Halving With Price Movementwhat is Bitcoin Halving?
Bitcoin halving is an event that occurs every four years and reduces the block reward for verifying transactions on the Bitcoin network. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. The next halving is expected in 2024.
Chart Overview: The chart above shows, how the bitcoin price moved before and after halving, before the 500 days of halving, the bitcoin price began to rise slowly. After the halving, the price of Bitcoin goes up hard, this was repeated in the past 3 halvings. expecting the same price movement in the 4th bitcoin halving. till the 4th bitcoin halving (halving expected date 2nd may 2024) bitcoin price will rise slowly After the halving we expect a strong up move in bitcoin and potentially reach the 200k level.
Thanks
Hexa
GMXUSDT Inverse Head And ShouldersGMXUSDT Technical analysis update
GMXUSDT has formed an inverse head and shoulder pattern on the daily chart. With the price breaking its neckline, this suggests a potential bullish signal for GMX.
Buy zone: Below $55.50
Stop loss : $48.75
Take Profit 1: $60.50
Take Profit 2: $72.00
Take Profit 3: $90.00
Thanks
Hexa
ETH unlikely to dip below $2,000 ETHUSDT Technical Analysis Update:
There are two potential scenarios for a rebound.
Scenario 1: The previous resistance level at $2,140 could now act as crucial support for ETH, potentially triggering a bounce from this level.
Scenario 2: At the $2,000 level, two historical resistances could act as support for ETH. Additionally, the $2,000 level carries psychological significance as support for ETH.
If Ethereum (ETH) price reaches the $2,000 level, the 100-day Exponential Moving Average (EMA) could act as a potential support in the day chart.
Ethereum price may consolidate above the $2,000 support level for a month before the upward move.
I believe the ETH price is unlikely to fall below $2,000
JOEUSDT Trend Line Breakout!JOEUSDT Technical Nalaysis Update
JOE/USDT is breaking its trend resistance line. The price is trading above the 100EMA and 200EMA. We are expecting a good up move.
Buy zone : Below $0.418
Stop loss : $0.355
Resistance 1 : $0.474
Resistance 2 : $0.564
Resistance 3 : $0.725
Regards
Hexa
GLMRUSDT Good BuyBINANCE:GLMRUSDT Technical analysis Update
GLMR's price has decisively broken out of its descending broadening wedge pattern on the daily chart, currently trading above both the 100 and 200 EMAs. This, combined with significantly increased volume during the breakout, strongly confirms bullish momentum.
Buy zone : Below $0.314
Stop loss : $0.262
Resistance 1 : $0.36
Resistance 2 : $0.435
Resistance 3 : $0.81
Regards
Thanks
WAVESUSDT 100% PotentialBINANCE:WAVESUSDT Technical analysis update
WAVESUSDT has been trading within a range for the past 400 days. Once the price breaks out of resistance, we can expect a significant move. Currently, the price is trading above both the 100 and 200 EMA, which is a bullish signal.
Buy zone : Below $2.31
Stop loss : $2.05
Resistance 1 : $2.55
Resistance 2 : $3.35
Resistance 3 : $4.80
Regards
Hexa
CHZUSDT Inverse Head And Shoulder Pattern!CHZUSDT Technical Analysis Update.
CHZUSDT has formed an inverse head and shoulders pattern. Now, the price is breaking the neckline with good volume, suggesting a potential continuation of the bullish trend.
Buy zone : Below $0.0860
Stop loss : $0.077
Regards
Hexa