Hookreversal
Bullish Momentum Alert: Hook Unleashing Potential!Hey Traders! 🌐📈
🔄 Exciting Times for Hook!
A bullish pattern is in play, and Hook has successfully broken out! 🚀
🔄 Retest & Surge:
Brace for impact as we enter the retest phase; the path to higher levels awaits.
💹 Upward Trajectory Ahead:
Anticipate Hook to climb even higher after a robust retest.
💰 DCA Power Move:
Consider Dollar-Cost Averaging (DCA) from green levels for strategic entry.
🟢 Patience and strategic accumulation can amplify gains.
📊 Similar to CFX's chart:
This chart looks like CFX's weekly chart.
🚨 Risk Management Advisory:
🛡️ Diversify and practice due diligence. Don't go all in; play it smart.
It needs time , this is a weekly chart😉
DYOR (Do Your Own Research) for informed decisions.
🌟 Wishing You Success!
Good luck on this exciting journey with Hook! 🚀💪
HOOKUSDThook lost all the important supports at once and there is no other support at least on the Binance chart that we can rely on. But for now, it was able to find support on the 0.786 Fibonacci line, and there is an expectation of a price return and a retest of the previous support.
⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
HOOK can be the next coin in your Profits Book!BINANCE:HOOKUSDT
Why i am buying HOOK?
HOOK has been making a long accumulation and then in it's continuation it has made a nice triangle which can give 30-50% upside move from here
Personally i am in HOOK from 3.3$ with invalidation of 2.75$
I have found something interesting in HOOK is that:
First:
those white arrows are the daily lows which were shaken out and then price stayed above it..price never came back
Second:
those purple arrows are the dumps which took out those daily lows and it just happened again in today's candle. what does it means?
it means high chances that price will not go lower than those daily lows which were taken..just like it happened 3 times before.
Third:
Next!..on 4hr time frame it is making a clean triangle which is going to breakout anytime soon
Also this whole structure of price in HOOK is similar to MAGIC coin and magic coin gave a nice rally after the breakout
check the last picture..its the chart of MAGIC coin which made same structure and gave breakout of minimum 30% and maximum 48% till now.
MAGIC and HOOK CHART:
To all of this..its just one thing which is making worried is BTC looks choppy and bearish.
But we have so many reasons to buy HOOK..which i already mentioned..dont you think HOOK deserves a bet?
lets see how our HOOK trade goes✌️
QQQ MACRO ANALYSIS / SUPPLY & DEMAND / SHORT / PREDICTIONDESCRIPTION: In the chart above I have provided a macro analysis of QQQ.
*IMPORTANT: Aside from SUPPLY & DEMAND POCKETS the main thing to consider is the distinct pattern we seem to have been following for the past 3 falls after rallies. Where PRICE ACTION seems to create this hook like formation before CAPITULATION takes place.
POINTS:
1. QQQ exhibits a DOWNWARD TREND on the 16Hour Timeframe.
2. Deviation of 35 POINTS TOTAL JUSTIFIES SUPPLY & DEMAND POCKET PLACEMENT.
3. Estimation of Days for upcoming drop was taken by using a mean from last three rallies and falls of 76, 79 & 58 DAYS = 71 DAYS.
4. Depth of DROP was also estimated with a mean average that came out to roughly 25%.
5. MACD IS ALSO IN CONGRUENCE WITH CURRENT CHART PATTERNS & MACD LEVELS ARE CORRECTLY POSITIONED FOR MORE DOWNSIDE.
BULLISH SCENARIO #1: We come to see a continuation of current channel & commit to sideways momentum above 260 eventually breaking past 295.
BEARISH SCENARIO #2: If hook pattern is to expire reliable we can surely bet on enough downside that will send us below 260 and onto 225 as a final destination that can serve as a more probable MARKET BOTTOM.
NASDAQ:QQQ
NASDAQ:TQQQ
NASDAQ:SQQQ
ACRX LongHook Reversal
In Demand Zone
Entry 1.38
Stop 1.2
Target 2.25
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
SRPT Long Breakaway Gap
Hook Reversal
Price Crossed SMA13
RSI divergence
Williams %R Crossed -80
Entry 74
Stop 67
Target 100
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
RMO Long Hook Reversal
RSI Divergence
MACD Divergence
Entry 8.6
Stop 7
Target 18.5
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.