PORTALUSDT
#PORTAL/USDT#PORTAL
The price is moving in a descending channel on the 4-hour frame and is holding it tightly and is about to break out to the upside
We have a bounce from the lower limit of the channel at 0.2620
We have a bearish trend on the RSI that is about to break out, which supports the upside
We have a trend to stabilize above the 100 moving average
Entry price 0.2700
First target 0.3045
Second target 0.3275
Third target 0.3595
#PORTAL/USDT#PORTAL
The price is moving in a descending channel on the 4-hour frame and is sticking to it greatly and is about to break upwards
We have a bounce from the lower limit of the channel at a price of 0.3220
We have a downtrend on the RSI indicator that is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.3373
First target 0.3767
Second target 0.4038
Third target 0.4390
PORTALUSDT.4HAnalyzing the 4-hour chart for PORTAL/USDT, it's evident that the price has been experiencing a volatile trend. Initially, the price observed a significant drop from a high, marking a critical resistance level, denoted as R1, at approximately $0.3474. This was followed by a downtrend where the price formed lower highs and lower lows, confirming a bearish momentum.
After reaching a local low, the price rebounded, but it faced resistance at the descending trendline, unable to break through. This resistance, along with the subsequent lower high, reconfirms the strength of the bearish trend. As I analyze further, the immediate support level, labeled as S1 at $0.2074, appears crucial. A breach below this could lead to further declines, potentially retesting the previous low at around $0.2035.
From a technical perspective, the Moving Average Convergence Divergence (MACD) is hovering near the zero line with a flat histogram, which indicates a lack of strong momentum in either direction. The Relative Strength Index (RSI) at 55 suggests that the asset is neither overbought nor oversold, providing little directional bias from this indicator.
In conclusion, the current market setup suggests a cautious approach. The persistence of the bearish trendline and the resistance levels above indicate that any bullish efforts might be capped, whereas a break below the $0.2074 support could ignite further selling pressure. Trading strategies should consider these technical levels, with potential setups for short positions on rallies towards resistance or breakdowns below support, always keeping an eye on sudden shifts in market sentiment that could disrupt this technical outlook.
#PORTAL/USDT#PORTAL
The price is moving in an ascending channel on the 4-hour frame and is sticking to it very well and is expected to break it upwards
We have a bounce from a major support area at the lower line of the channel at 0.2700
We have an upward trend on the RSI indicator that was broken upwards, which supports the rise
We have a trend to stabilize above the 100 moving average, which supports the rise
Entry price 0.2830
First target 0.3496
Second target 0.3962
Third target 0.4580
#PORTAL/USDT#PORTAL
The price is moving within a descending channel pattern on the 1-hour frame and is expected to reach the upper limit of the channel, which is a resistance level
We have a downtrend on the RSI indicator that has been broken upwards and we have a tendency to stabilize above it
We have a major support level in green at a price of 0.2380
We have a tendency to stabilize above the moving average 100, which supports the rise
Entry price 0.2480
First target 0.2690
Second target 0.2830
Third target 0.3000
#PORTAL/USDT#PORTAL
The price is moving within a descending channel pattern on the 4-hour frame, which is a retracement pattern
We have a bounce from a major support area in the color EUR at 0.4350
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.4525
The first target is 0.4927
The second target is 0.5235
The third target is 0.5590
Portal swing trade ideaPortal based on IAP model BINANCE:PORTALUSDT
Possible Targets and explanation idea
➡️IAP model what I already explained! Now we are at ok zone to buy. For swing trade
➡️The best zone marked. Also take profit zone marked.
➡️ If you want you can leave % coins for new ath and main uptrend
➡️Invalidation marked red X under listing price
➡️MP indicator showing big money start inflow in Portal
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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#PORTAL/USDT#PORTAL
The price is moving in a descending channel on the 4-hour frame and has just broken it well
We have a bounce from a major support area in green at 0.3500
We have a downtrend on the RSI indicator that has been broken upwards
We have a trend to stabilize above the moving average 100 which supports the rise
Entry price 0.3950
First target 0.4269
Second target 0.4530
Third target 0.4856
#PORTAL/USDT#PORTAL
The price is moving in a parallel channel on the 4-hour frame and is sticking to it strongly and is about to break it to the upside
.
We have a bounce from the green support area at .2970
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price: 3050
The first target is 0.3280
The second target is 0.3533
The third target is 0.3800
#PORTAL/USDT#PORTAL
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.6400
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.7140
The first target is 0.8201
The second target is 0.9340
Third goal 1.07
PORTAL/USDT Breakout Confirmed | Now Getting Ready to Rally👀🚀💎Attention, Paradisers, #PORTALUSDT has recently surged above the falling wedge and is now moving to retest what was once resistance, now turned support, of the wedge. With the Point of Control (POC) of the Volume Profile Visible Range (VPVR) channel providing additional support, the stage is set for a potential bullish continuation.
💎If $PORTAL successfully confirms its support during this retest at $0.754, we can expect a substantial rally fueled by the positive momentum. This setup indicates a strong chance of an upward trend as #Portal looks to capitalize on the solid support at this level.
💎However, if #Portal loses its footing and descends back within the wedge, dipping below the support level, it may signal an extension of the bearish trend, with the $0.705 zone as the next crucial area to watch. This level is renowned for its liquidity and has historically catalyzed significant bullish recoveries.
💎Should #PORTAL test this lower demand zone again, it is imperative to achieve a robust rebound to maintain bullish support. A failure to do so could heighten bearish momentum, sour market sentiment, and potentially precipitate further declines.
MyCryptoParadise
iFeel the success
PORTALUSDT(PORTAL) Daily tf Range Updated till 03-06-24PORTALUSDT(PORTAL) Daily timeframe range. another fairly new price action here. cause of that its gold mine of trading setups. if you can use range levels right its free profits. not much of holdup till 1.4189 all it needs retail interest. local support at 0.7491.
#PORTAL/USDT
#PORTAL
The price is moving in a bearish channel pattern on a 12-hour frame, which it adheres to perfectly.
We have a tendency to hold above the moving average of 100.
We have a downtrend on the RSI indicator
that supports the rise and is about to break higher
Entry price is 0.9400
The first goal is 1.18
The second goal is 1.60
the third goal is 1.92
the fourth goal is 2.32
PORTAL/USDT If break the descending, Indicating bullish momentum💎 PORTAL has recently undergone notable market dynamics. Presently, PORTAL has successfully reclaimed its position above the support area and is now approaching the resistance of a descending channel pattern.
💎 A breakout above this pattern would signal bullish momentum, probability propelling the price further upward toward our target resistance area.
💎 However, should PORTAL fail to break above the pattern and retreat back to the support level, there's a risk of losing the support, leading to a potential downturn towards the demand area around $1.8 - $1.7.
💎 PORTAL must bounce from the demand area and reclaim its position above $2.07 to sustain upward momentum.
💎 Failure to do so could result in further downward movement, particularly if key support levels are breached.