Support
XRP/USDT 4H IntervalHello everyone, let's look at the 4H chart of XRP to USDT, because you can see that the price has broken out of the descending triangle.
Let's start by setting goals for the near future that we can include:
T1 = $0.59
T2 = $0.63
T3 = $0.68
AND
T4 = $0.71
Now let's move on to the stop loss in case of further market declines:
SL1 = $0.56
SL2 = $0.50
SL3 = $0.47
AND
SL4 = $0.42
Looking at the RSI indicator, we can see that we are staying above the upper limit, which may indicate an attempt at price recovery.
XAUUSD: Return to the support area and consider whether to buyFriends in the channel know that my strategy has a high accuracy rate, even if it is not 90%, it is at least 80%. We achieved good results with our two short sales of gold yesterday. At the end, I made it clear that if the gold price breaks through the resistance range, it will test new historical highs again. Now the gold price is moving towards this prediction. Let me first explain that although I am bullish, the price is at a high level now, and I will definitely not choose to chase the rise.
On the one hand, there will be 4 data released today, which has high uncertainty, and the market is very sensitive to data after the bombardment of data in the previous few days. Once the data does not meet expectations, it will fluctuate greatly.
On the other hand, today is Friday, and it is hard to say that it will not fall by tens of dollars again like the previous Friday.
Therefore, we must respond carefully today, just like I said before, "Don't do uncertain market, forced trading is very easy to lose money." This sentence is also for everyone!
From a technical point of view, the Fibonacci retracement 0.5-0.618 line is in the range of 2459-2464, so I think the best place to buy today is here, or even lower. If nothing unexpected happens, I will intervene in this range.
Resistance: above 2476
Support: 2450, 2430
#BTC: QUICK UPDATE! TESTING YOUR PATIENCE!!Hey everyone!
Appreciate a like and follow if this analysis helps!
Bitcoin is currently trading sideways around the $58k level. The daily chart shows a potential bull flag formation, suggesting a period of consolidation before a significant move. I anticipate this sideways action to continue for another 3-4 weeks.
While we wait, accumulating promising projects like FET, ONDO, JUP, RENDER, and INJ could be a strategic move.
Key indicators to watch:
RSI divergence: A bullish divergence on the RSI could signal a potential breakout.
Volume profile: An increase in volume during consolidation can often precede a strong move.
Patience is key. A breakout from the bull flag could lead to substantial gains.
What are your thoughts on Bitcoin's current price action? Share your analysis in the comments!
ETH/USDT 4H chartHello everyone, I would like to invite you to a quick review of ETH/USDT, taking into account the 4-hour interval. As you can see, the price, despite the nice rebound, still remains below the downward trend line.
Moving on, we will move on to determining support and here the price is currently bouncing off the support at $2,427, then we have strong support at $2,204.
Looking the other way, you can see how the resistance at $2,805 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $2,987, and further towards the very strong resistance at $3,237.
XAUUSD - Resistance Sell Short Term, Long Term BuysXAUUSD is trading at key areas, this is a great time to intra-day trade gold.
Personally i'm waiting for XAUUSD to either breakout at the higher level, there i would be looking for new key zones to trade off, or reject the key level and drop down to the support zone.
I believe dropping to the support zone will happen, regardless if the market breaks out above, as there is non liquidation candle sticks near the lower key resistance level that will be tapped given enough time.
XAUUSD: Risk aversion heats up, continues to be bullishGold Market Fundamentals:
Yesterday, gold prices surged by over $40 due to escalating tensions in the Middle East, driving safe-haven inflows. Israel’s military actions in Gaza, potential Iranian retaliation, and Ukrainian attacks on Russia’s Kursk region have all heightened investor demand for gold. Additionally, the market's heightened sensitivity to geopolitical risks has increased gold’s appeal as a safe-haven asset. The market now sees a 49% chance of a 50 basis point rate cut by the Fed in September. Falling U.S. Treasury yields are also supporting gold prices.
Gold Market Technicals:
Technically, the uptrend remains strong. After yesterday's rapid price increase, gold is facing resistance at previous highs. According to Fibonacci retracement, the 0.786 level is at 2456, which has shown some support but not strongly. The next strong support area is significantly lower than the current price.
Trading Strategy:
I have bought at 2461, targeting 2480 and 2500
Support Range: 2456, 2435
Resistance Range: Around 2480
Intraday Risk Data: U.S. July PPI
If you have different opinions or questions, please speak up and let’s discuss GOLD’s latest ideas together.
SAGA - Strong Recovery with the bullish opportunity#SAGA/USDT #Analysis
Description
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+ Price has hit the horizontal support zone twice and bounce back immediately, which implies that the support is holding strong and it's highly unlikely that price will go below the support zone.
+ Currently price is at the resistance zone and a strong breakout from this resistance zone will push the price higher yielding a decent profit for long trade.
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VectorAlgo Trade Details
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Entry Price: 1.7419
Stop Loss: 1.1308
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Target 1: 2.0901
Target 2: 2.5828
Target 3: 3.1821
Target 4: 4.6493
Target 5: 6.4239
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
SUI - Strong upward momentum +300% Profit Target#SUI/USDT #Analysis
Description
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+ SUI had a strong reversal after hitting the trendline support, This strong reversal is showing overall healthy recovery for the SUI price.
+ i'm expecting this momentum to continue and hit the resistance trend line with the price target of $4
+ This is a weekly chart analysis, it will take few months to reach our target.
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VectorAlgo Trade Details
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Entry Price: 0.95
Stop Loss: 0.44
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Target 1: 1.2328
Target 2: 1.5592
Target 3: 2.1871
Target 4: 3.0679
Target 5: 4.0058
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Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
XRP - Trading Inside the channel - Pending BreakoutBINANCE:XRPUSDT (1W CHART) Technical Analysis Update
XRP is currently trading at $0.57 and price is trading inside in the channel. Price got successfully bounced back from the support line and now trading near the resistance line, A clear breakout will confirm the bullish trend of the XRP. We can enter the long trade after the confirmed breakout.
Entry level: $ 0.7040 (Candle close above the channel
Stop Loss Level: $ 0.4158
TakeProfit 1: $ 0.8563
TakeProfit 2: $ 0.9925
TakeProfit 3: $ 1.1653
TakeProfit 4: $ 1.4356
TakeProfit 5: $1.8800
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
Sol-Usdt 4h chart Hello everyone, I would like to invite you to a quick review of SOL/USDT, taking into account the 4-hour interval. As you can see, the price moved up from the local downward trend line, but currently there is a downward movement, staying above the trend line.
Moving on, we will move on to determining support and here the price is currently bouncing off the support at $142, then we have strong support at $130, and then a very strong support at $110.
Looking the other way, you can see how the resistance at $162 rejected the sudden upward movement, only when it overcomes it will it move towards the resistance at $176, and further towards the very strong resistance at $193.
The RSI indicator shows an ongoing trend of recovery after the increase, but there is room for a renewed upward movement.
TOTAL - An Overview on the crypto marketcap#TOTAL #Analysis
Description
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+ After a clear bounce from the support, another drop is occurring, which is normal.
+ We also have a strong support line that is providing significant support.
+ As long as the market cap remains above the horizontal and trendline support, there is hope for an upcoming bullish market.
+ A breakdown from this support zone could lead to further declines in the market.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BTC - Price is still retesting#BTC/USDT #Analysis
Description
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+ It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate.
+ As the downtrend continues to unfold, it indicates that future retest attempts may push to even lower price levels while still maintaining their effectiveness. This pattern underscores the importance of carefully monitoring these price movements, as they could provide valuable insights into market behavior.
+ The key element to focus on here is the continuation of the trend. For Bitcoin to reverse this downtrend, it must demonstrate robust buy-side volume during these retests. A strong influx of buying interest at these critical junctures could signal a potential shift in market sentiment, paving the way for a possible upward momentum.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
AVAX - Daily Chart Analysis - A Short Term Opportunity#AVAX/USDT #Analysis
Description
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+ AVAX has formed a nice falling wedge pattern and also the price has hit the major support zone.
+ A clear breakout from the falling wedge is required for a confirmed bullish trend.
+ We will enter the long trend only after the confirmed breakout from the falling wedge.
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VectorAlgo Trade Details
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Entry Price: 23.86
Stop Loss: 16.86
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Target 1: 29.92
Target 2: 35.25
Target 3: 43.69
Target 4: 62.57
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
AVAX - TRADING AT KEY SUPPORT LEVEL#AVAX/USDT #Analysis
Description
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+ AVAX is currently trading at a key support level, and holding this level is crucial for maintaining further bullish momentum.
+ A falling wedge formation is also visible, and a breakout from this pattern could drive the price higher.
+ A clear reversal from the support zone is needed to confirm the bullish trend. We can enter a long trade at the current price, with a stop-loss set below the support zone and a target at the local resistance.
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VectorAlgo Trade Details
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Entry Price: 20.88
Stop Loss: 15.93
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Target 1: 28.10
Target 2: 37.44
Target 3: 48.62
Target 4: 62.34
Target 5: 87.40
Target 6: 99.28
Target 7: 133.97
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
MATIC - 4H Chart Analysis - Trading Inside the channel#MATIC/USDT #Analysis
Description
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+ The price is currently trading within a channel and has successfully bounced back from the lower boundary.
+ A strong breakout from this channel could drive the price higher.
+ We can enter a long trade at the current price and place the stop-loss (SL) below the support zone.
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VectorAlgo Trade Details
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Entry Price: 0.4240
Stop Loss: 0.3851
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Target 1: 0.4491
Target 2: 0.4783
Target 3: 0.5036
Target 4: 0.5604
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Timeframe: 2H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
DOGE - Testing the support after long awaited reversal#DOGE/USDT #Analysis
Description
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+ After months of consolidation in the support zone, the price finally broke out and reached the local resistance.
+ Following this, there was a significant reversal, with the price returning to the support zone.
+ I’m observing a strong reversal and bullish momentum from the support zone, and I expect a trend change soon.
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VectorAlgo Trade Details
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Entry Price: 0.10694
Stop Loss: 0.06167
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Target 1: 0.16821
Target 2: 0.23087
Target 3: 0.34588
Target 4: 0.56844
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
RON - A reversal with a leading breakout is expected to push the#RON/USDT #Analysis
Description
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+ Price has hit the support zone around 1.5 price range.
+ A strong reversal can be expected from the support zone which gives a good opportunity for a long trade.
+ Enter a long trade only after the price reversal.
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VectorAlgo Trade Details
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Entry Price: 1.6
Stop Loss: 1.14
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Target 1: 1.848
Target 2: 2.320
Target 3: 2.752
Target 4: 3.658
Target 5: 5.308
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BTC/USDT 4H chart reviewHello everyone, I invite you to a quick review of the BTC/USDT chart on the 4-H interval. As we can see, the price has dynamically returned to the local downtrend line and is currently struggling to maintain its position.
Going further, you can see how the price returned above the support at $59,510, then support at $57,490, and then strong support at $54,308 and another very strong support at $52,000.
Looking the other way, you can see resistance at the level of $62,000, which effectively rejected the price increase, the next resistance is at $65,426, and then there is strong resistance at $69,662.
On the RSI, we can see the indicator falling, but the price does not record a major correction, which may have a positive impact on further upward movement.