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JASMY AT A PERFECT ENTRY POINT FOR A LONG POSITION! TRADE PLANTechnical Analysis by Blaž Fabjan Pattern Identification: The chart displays a falling wedge pattern , a bullish reversal pattern often signifying a potential trend change from bearish to bullish. The price action is currently testing the upper boundary of the wedge pattern, indicating that a breakout could be imminent if there’s sufficient buying momentum. Support and Resistance: Support Line: The lower green line in the falling wedge acts as support. This line has been consistently respected, indicating strong buying interest at those levels. Resistance Line: The upper green line marks the resistance level within the pattern. A breakout above this line would be considered a strong bullish signal. Volume Analysis: There’s a noticeable decrease in volume within the wedge, which aligns with typical falling wedge characteristics. Look for a volume increase on a breakout to confirm the move. Indicators: VMC Cipher: Divergences and buy signals have been detected, showing signs of potential momentum shifts. RSI: At around 41.07, the RSI is approaching the neutral zone (50), suggesting the potential for further upside if it breaks above 50. Stochastic: Currently around 60.48, indicating upward momentum and possibly further bullish action if it continues moving up. HMA+ Histogram: Showing minor bullish signals that could align with a breakout confirmation. Entry Signal: The wedge breakout zone is highlighted as an “Amazing Entry Point.” The suggested entry is around the resistance line in the pattern, currently close to $0.01743. Trading Plan Entry: Enter a long position once JASMY/USDT breaks and closes above the falling wedge resistance line with increased volume. This would be near or slightly above the $0.0175 level, depending on price action confirmation. Stop Loss: Place a stop loss slightly below the wedge’s recent support level or just below the most recent swing low at around $0.016 to mitigate risk. Take Profit Levels: First Take Profit (TP1): Set around the recent swing high near $0.019. Second Take Profit (TP2): For a more extended target, aim around $0.0205, where the price previously found resistance. Final Take Profit (TP3): Around $0.022, aligning with previous higher resistance levels. Risk Management: Calculate position size to risk no more than 1-2% of your trading account per trade. Monitor volume closely, as a breakout with low volume may indicate a false breakout, in which case exiting the trade early could be advisable. Alternative Scenario: If the price fails to break the resistance and moves back within the wedge, refrain from entering. In this case, wait for a possible retest of the support level around $0.016 as a secondary entry point. Summary Pattern: Falling Wedge (Bullish). Buy Zone: Above $0.0175, confirmed with volume. Stop Loss: Below $0.016. Take Profit Targets: $0.019 (TP1), $0.0205 (TP2), $0.022 (TP3). btw: VERY GOOD ENTRY POINT AT THE MOMENT!
Long
by elfabiiani
1
BITCOIN is the KING and upward movement is highly expected!Technical analysis and trade plan by Blaž Fabjan Support and Resistance Levels: Resistance Levels: 72,198.87 USDT 68,556.87 USDT 64,591.15 USDT Support Levels: 66,333.98 USDT 61,758.48 USDT 60,301.68 USDT 56,902.49 USDT The key levels indicate potential areas where price action could face resistance or find support, which might serve as entry or exit points. Indicators: Wave Cipher Divergences: Wave Cipher shows divergences suggesting a possible upward momentum. Positive divergences with green dots could imply bullish continuation. Relative Strength Index (RSI): RSI currently reads 55.19, indicating a neutral zone, leaning slightly bullish if it moves towards 60. This suggests Bitcoin isn't overbought or oversold and could continue a gradual trend. Stochastic Oscillator: The Stochastic shows a value around 70.52, close to the overbought region (above 80). If it breaks further upward, it may signal an overbought state, potentially leading to a correction. Hull Moving Average (HMA): HMA appears to trend slightly downwards, showing a bearish trend in the short term. The value of -6.58 indicates a bearish momentum, which may warn of a potential short-term pullback before any significant uptrend resumes. Price Action: The chart shows a potential breakout attempt around the 66,333.98 USDT level, where price action previously tested and retraced. A consolidation near this level could suggest that bulls are preparing for an upward push, especially if price breaks above 68,556.87 USDT. Volume Analysis: Volume shows a steady, moderate increase, supporting the upward trend. This moderate volume increase without large spikes could imply gradual accumulation rather than distribution. Trading Plan Long Position (Bullish Scenario) Entry: Consider entering a long position if the price breaks and holds above the 68,556.87 USDT resistance level with volume confirmation. Stop Loss: Set a stop loss slightly below the 66,333.98 USDT support level to mitigate risk in case of a false breakout. Targets: Target 1: 72,198.87 USDT — aligns with a strong resistance level and provides a conservative target. Target 2: 75,553.67 USDT — the next significant resistance level, offering a favorable risk-to-reward ratio. Short Position (Bearish Scenario) Entry: Consider shorting if the price fails to hold above 66,333.98 USDT and shows bearish confirmation, such as a breakdown with high volume. Stop Loss: Set a stop loss above 68,556.87 USDT to avoid risks from potential false breakdowns. Targets: Target 1: 61,758.48 USDT — a nearby support level that provides a logical take-profit point. Target 2: 60,301.68 USDT — serves as a secondary target if the bearish trend strengthens. Risk Management: Given the proximity to resistance and support levels, using a risk/reward ratio of 1:2 or higher is advisable to maintain favorable trade setups. Monitor Divergences: Keep an eye on divergences in the Wave Cipher, RSI, and Stochastic Oscillator for potential trend reversals or continuations. News and Market Sentiment: Be mindful of broader market sentiment and news events, as these can influence Bitcoin's price behavior, particularly near key levels. This trading plan provides a structured approach to capitalize on potential breakouts or breakdowns, balancing both bullish and bearish scenarios.
Long
by elfabiiani
1
1000PEPEUSDTBINGX:1000PEPEUSDC.P The red line is the 4-hour trend, the gray range is the price compression in 30 minutes, if the trend line is broken and the price closes below the green range, you can enter a sell order in pullback, keep in mind that the big red range that It is at the top of the price, it was the 4-hour range, and the price has retraced its money in that time frame, so eventually we will have a decline, according to the previously mentioned conditions. This is a simple method of chart analysis.
Short
by Sooeeni1985
Bitcoin UpdateOn August 5th, Bitcoin dropped below the 50,000 mark, invalidating a previously established channel. Currently, Bitcoin is testing the 57,000 level. If this test is successful, Bitcoin could rise to the 61,000 level, where it may face a minor retest before continuing its upward trajectory. However, the heavy order concentration and liquidations between the 60,000 and 63,000 levels could present significant challenges. Optimistic Scenario (Green Arrow): After navigating the fluctuations above the order block, Bitcoin successfully tests the blue line, confirming support, and continues its upward trend. Pessimistic Scenario (Red Arrow): Bitcoin faces substantial resistance within the 60,000 to 63,000 range due to high order activity, leading to a reversal and a potential decline back to the 45,000 level.
by LyricBridge5207
Potential BTC RallyBitcoin is currently testing its support level, and the market is watching closely. As long as we stay above the green and yellow lines, we shouldn't see any significant downside pressure. Bullish Scenario: If BTC can maintain its position above the green trend line and subsequently break out of the descending channel, we could witness a substantial rally. Historically, BTC has made two attempts to break out of this channel, but each time it was rejected and retraced. This time, a breakout could signal a strong bullish momentum. However, it's crucial not to get overly optimistic just yet. A breakout from the channel doesn't guarantee a straight upward trajectory. Instead, we'll be looking at the white resistance line above the channel. Should BTC manage to close above this white line, it would be a strong indicator of an impending upward surge. This would likely attract more buyers and could trigger a significant price increase. Bearish Scenario: On the flip side, if Bitcoin breaks below the green support line and subsequently the yellow line, we could be in for a bearish ride. This would likely push BTC down to the 63,440 level, with potential for further declines. Traders should be cautious and watch for these key levels. A breakdown below these lines could signal a broader market correction, and it's essential to have stop-loss orders in place to mitigate potential losses. If you have questions please use comment section Thank you for reading
Long
by LyricBridge5207
OKB | The Best Crypto Exchange token The price of OKB is 53 today with a 24hour trading volume of 144 million dollar . This represents a 13% price increase in the last 24 hours and 170% since last year bear market is the best time to assessment and judge crypto projects and exchanges now lets look at Performance of cryptocurrency exchange platform coins in the past 360 days OKB -8% BNB -20% HT -58% CRO -82% FTT -95% OKB is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx.The OKB token plays an important role in the OKEx ecosystem, It allows users to receive up to a 40% discount on transactions The OK Exchange is one of the largest in the world and currently ranks third in liquidity, fourth in trading volume, and provides a wide selection of trading pairs. OKEx has become a world-leading trading floor since its launch in 2017.Jay Hao joined OKEx as CEO from the beginning, and he still holds the position. long story short the team and founders are pros. the daily vol and most indicators are bullish and positives and Okb is ready for higher targets like 55 and 57$
Long
by moonypto
2
BONKUSDT Potential Head and Shoulders PatternIn the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern. In this scenario, a decline towards the area within the purple rectangle could be anticipated. In the event of a more severe decline, it is possible that the price could fall to the turquoise rectangle, which is outlined with a purple border. Alternative Scenario: If BONKUSDT breaks through the 0.000029945 levels with significant volume, an increase up to the orange rectangle could be expected, and subsequently, it could move towards the red box. If the price rises to the range of 0.000032385 - 0.000033910, the Head and Shoulders pattern will be invalidated. Attention: Given the high dominance of BTC, caution is advised, and BTCUSD should be closely monitored.
Short
by LyricBridge5207
Potential Head and ShouldersIn the 4-hour chart, an emerging but not yet fully confirmed Head and Shoulders pattern is distinctly visible. This technical pattern is often used by traders to predict potential reversals in the market. For the OKX chart, a critical level to watch is 63,480. If the price drops below this level, it could signify a bearish trend, potentially bringing us down to the 55,000 levels. Left Shoulder: Formed at the 66,000 level Head: Reached the peak at approximately 68500 Right Shoulder: Currently awaiting formation The price has touched all the key support points, indicating a potential upward move to form the right shoulder. BTC is currently rising towards this level, suggesting a critical juncture in the pattern development. This movement is crucial because it will determine whether the pattern completes or if another scenario plays out. Alternative Scenario: If Bitcoin manages to break the right shoulder with high volume on the given chart, it could invalidate the Head and Shoulders pattern. A high-volume breakout above the right shoulder would be a strong bullish signal, potentially resulting in a significant upward movement. In this case, we could see BTC rise to the 72,000 level. This analysis suggests that traders should closely monitor the following: 63,480 Support Level: A drop below this level could indicate a bearish trend towards 55,000. Formation of the Right Shoulder: Watch for the completion of the right shoulder around the current levels. Volume Analysis: High trading volume accompanying a breakout above the right shoulder would suggest a strong bullish trend, potentially leading to the 72,000 level. Given these factors, the current market conditions present a pivotal moment for BTC. Traders should be prepared for both scenarios, adjusting their strategies accordingly to manage risks and capitalize on potential opportunities. In summary, the Head and Shoulders pattern in the 4-hour chart provides a critical framework for anticipating BTC's next moves. Whether BTC confirms the pattern by breaking below 63,480 or invalidates it with a high-volume surge above the right shoulder will be key in determining the market direction in the near term.
Short
by LyricBridge5207
2
#LTCUSDT #2h (OKX Futures) Broadening wedge breakout and retestCRYPTOCAP:LTC regained 50MA support and looks good for bullish continuation from here. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (7.0X) Amount: 5.0% Current Price: 73.13 Entry Targets: 1) 72.05 Take-Profit Targets: 1) 76.19 Stop Targets: 1) 69.98 Published By: @Zblaba CRYPTOCAP:LTC OKX:LTCUSDT.P #2h #Litecoin #PoW litecoin.org Risk/Reward= 1:2.0 Expected Profit= +40.2% Possible Loss= -20.1% Estimated Gaintime= 3-4 days
Long
by TradingOn
#SOLUSDT #1h (OKX Futures) Ascending broadening wedge breakdownSolana lost 50MA on hourly TF, retracement down to 200MA support seems in place, let's hedge short. ⚡️⚡️ #SOL/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Short) Leverage: Isolated (6.0X) Amount: 4.8% Current Price: 157.06 Entry Targets: 1) 158.69 Take-Profit Targets: 1) 147.63 Stop Targets: 1) 164.23 Published By: @Zblaba CRYPTOCAP:SOL OKX:SOLUSDT.P #1h #Solana #PoS solana.com Risk/Reward= 1:2.0 Expected Profit= +41.8% Possible Loss= -20.9% Estimated Gaintime= 2-3 days
Short
by TradingOn
1
#BTCUSDT #4h (OKX Futures) Descending trendline break and retestBitcoin just regained 50MA support and is pulling back to it, looks ready for short-term recovery towards 200MA resistance, especially after that bullish hammer. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (5.0X) Amount: 4.9% Current Price: 57886.5 Entry Targets: 1) 57738.1 Take-Profit Targets: 1) 62483.9 Stop Targets: 1) 55359.4 Published By: @Zblaba CRYPTOCAP:BTC OKX:BTCUSDT.P #4h #Bitcoin #PoW bitcoin.org Risk/Reward= 1:2.0 Expected Profit= +41.1% Possible Loss= -20.6% Estimated Gaintime= 1 week
Long
by TradingOn
2
#LTCUSDT #1h (OKX Futures) Descending trendline breakoutLitecoin printed a dragonfly doji on 50MA support, looks bullish for the days to come. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: OKX Futures Signal Type: Regular (Long) Leverage: Isolated (9.0X) Amount: 4.8% Current Price: 78.97 Entry Targets: 1) 78.32 Take-Profit Targets: 1) 81.98 Stop Targets: 1) 76.49 Published By: @Zblaba CRYPTOCAP:LTC OKX:LTCUSDT.P #Litecoin #PoW litecoin.org Risk/Reward= 1:2.0 Expected Profit= +42.1% Possible Loss= -21.0% Estimated Gaintime= 2-3 days
Long
by TradingOn
The TradingView Show: Live With OKX & TradeTravelChillGreetings, TradingViewers worldwide! This interview was conducted live and is now available for playback and on-demand viewing on our TradingView account, accessible for free. This program delves into trader education, cryptocurrencies, and the flexibility of trading from anywhere with an Internet connection. Keep in mind that this show was streamed LIVE, so you might come across references to our live chat. No worries, though; you can still watch the show instantly and access the comments section below. Feel free to leave us your feedback! Here's a glimpse of what we cover in this episode: 1. Gain insights into crypto trading, specific strategies, and the essence of trading them. 2. Understand the dynamics of trading on-the-go and establishing personal rules in an era where crypto trades round-the-clock and connectivity is constant. 3. Discover how TradeTravelChill began on TradingView and OKX, now leveraging our integrated broker partnership. TradeTravelChill and OKX are partners, with OKX being a broker partner on our platform, facilitating seamless connections for traders. 4. Dive into trade ideas and setups in crypto markets, particularly focusing on major coins. 5. Explore some of the hottest topics in crypto markets at the moment. Our objective with this show is to educate traders worldwide! While we don't provide direct advice, our focus is on empowering traders to learn, practice, and excel in the markets. Relax, ask questions, and enjoy the show!
Editors' picks
Education
by TradingView
11
Zeta - New kid on the block - Broadening Wedge (Descending) Caught my attention with OKX jumpstart and the moves they have made after such as quickly listing on Coinbase (no announcement?), Binance futures (no spot?) and more others. Their listing strategy is different to other projects in the market and its refreshing to see. Has cool tech, cross chain interoperability is the only way for the future, and these guys do it natively. Tested out the tech myself with some of their ecosystem partners (Can be found on Zeta Hub), works without a hitch so far. On the chart, I see a descending broadening wedge with a potential double bottom. Please correct me if you think I am wrong. This is usually a bullish formation. However, of course this is a super new coin, they are generally much more unpredictable. Currently sitting at 450-500m USD Market Cap, I believe with its cool tech, good design, good communication strategy; we should see Zeta chain in top 50 projects on CMC. That would be 5x from here. Do your own research please, this analysis is purely for my own records, not to be taken as financial advice.
Long
by TheAlchemist888
My rec who loses too much on trading. Relax and gain knowledge I recommend to stop trading who loses too much. Instead you can run AI trading bot in OKX platform. My referral okx.com 1) Choose Future DCA Martingale 2) Go to AI strategy tab 3) Choose ETHFI/USDT perpetual (with other pairs you should put big amount, but with like ETHFI, TON you can only put around 30 coins) 4) Choose Mid-term moderate bullish (Short-term aggressive bullish, doesn’t work well for me and haven’t tried long-term last one from list. Only use mid-term, that’s should be enough) 5) Don’t touch leverage, leave as is 6) Put amount of sum (I actually put all what I have) 7) But you should check after BTC movement, if BTC in downtrend stop the bot, if it reversal to uptrend then run again AI bot. With other all bots, didn’t get the same result. 8) That is it. Just wait and you can see how AI earns for you. This is better than lost money every day. With this method you can relax. When you will ready and gained trading knowledge, you can return to analysis and to earn more. You can also select SPOT DCA Martingale and same settings. I think this method fits to new in trading system. This is my referral okx.com
Education
by Nakens
1
OKB/BTC - Relative Strength & an upcoming opportunity What Altcoin has outperformed BTC by 1000% since February 2021? CRYPTOCAP:OKB Token from the OKX Exchange. Potential Set Up in coming months - Break out of the falling wedge - Bounce from the lower diagonal support Both to me offer entry points with defined stop loss's under the both trend lines. Lets keep an eye. OKX is one of the few exchanges that also operates from Malta in Europe under MICA regulations and is possibly one of the only alts/exchange alts demonstrating relative strength against BTC. PUKA
Long
by PukaCharts