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🚀 PBX Potential Trade: Bouncing from Support! 📈💹📊 Analysis: Current Situation: PBX is bouncing from an area of support. Trade Consideration: This trade is high risk, so a cautious approach will be taken. 📉 Trade Strategy: Entry: Consider entering in the $0.0013 - $0.00135 support area. Stop Loss: Implement a tight stop loss just below $0.001275 for risk management. Take Profit: Target the next resistance levels around $0.00165 - $0.00174 or $0.002 - $0.00212. 🌐 Note: Given the high-risk nature, use a small amount of capital and avoid leverage. Keep a close eye on price movements and adapt your strategy as needed.
Long
by Richtv_official
🌟 ETH Spot Trade Opportunity After Potential Market Pullback! 📊 Analysis: Current Price: ETH is trading at around $3,785, just above the $3,300 - $3,600 area of support. BTC Surge: The recent BTC surge might lead to a small pullback in the market. 📉 Trade Strategy: Spot Trade Entry: Laddering into a spot trade around the $3,300 level of support. Upside Target: Aiming for the next resistance level at around $4,150 - $4,350. Stop Loss: Positioned just below at $3,000. 🌐 Note: Keep a close eye on ETH's movement and adjust the strategy based on market dynamics! 🚀
Long
by Richtv_official
📈Cardano (ADA): Bullish Breakout & Potential Targets💸💎🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65 zone before entering a trade. 🚀The next resistance level for ADA is between $1.1 and $1.2. We can expect the price to at least touch this level, making it our first target. The next resistance level is at $3, which is the coin's all-time high (ATH). This level is likely to hold the price for some time and could be a good area to take profits. 📊On the positive side, volume has been perfectly in line with the trend since October 2023, confirming the uptrend. There is no bearish divergence on the volume indicator. The breakout candle also had high volume, which could be the start of a new uptrend. 🗯The RSI oscillator has recently entered overbought territory, which could lead to increased market volatility. The RSI could rise to a resistance level of 81.99, in which case our first target is likely to be hit. 🛑I recommend placing a stop-loss below the previous low of $0.45. This would give you a slightly tighter risk tolerance compared to the previous recommendation, while still maintaining a reasonable risk-to-reward ratio. 🧠💼This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
Next Nears All-Time High: Key Levels to WatchThe cryptocurrency Next is on the verge of breaking its all-time high (ATH) of $0.41390 on the weekly chart. If the price breaks above this resistance level, it could signal further gains for the token. However, if the price fails to break through this level, it could find support at $0.34618, the next key level is $0.31143. Technical Analysis: Resistance: $0.41390 Support: $0.34618 Relative Strength Index (RSI): 65 Moving Average Convergence Divergence (MACD): Bullish Volume Analysis: The volume of Next has been increasing steadily over the past few weeks, which is a bullish sign. This suggests that there is strong buying pressure behind the token. Price Consolidation: The price is currently in a small consolidation range. However, since the overall trend is bullish, there is a good chance that the price will break out of this range and continue its upward movement. The next support level is at $0.31143. RSI Divergence: There is a bullish divergence between the price and the RSI indicator. The price has made a new high, but the RSI has not. This suggests that the upward momentum is still strong and that the price is likely to continue to rise. Conclusion: The technical indicators for Next are bullish, suggesting that the price could continue to rise in the near future. The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Long
by behnoudt
AUDUSD Daily Analysis: Key Resistance Levels to WatchThe USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403. This week there are some important news events for the USD. These include: The US Federal Reserve interest rate decision The US non-farm payrolls report The US trade balance report These events could have a significant impact on the USD, so traders should be prepared for volatility. Technical Analysis: The USD is currently trading in a range between 0.64537 and 0.63403. The RSI indicator is nearing the overbought zone, which suggests that the currency may be due for a pullback. Traders should watch for a break below the 0.63403 support level, as this could signal a further decline in the USD. Conclusion: The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403. Always check the news before making any trades, as this week there are some important news events for the USD. These events could have a significant impact on the USD. The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Short
by behnamxt
GBPJPY: Key Resistance in Focus This Week - Breakout Potential?GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way. Technical Analysis: GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%. The pair is now approaching a key monthly resistance level at 193.659. A break above this level could signal further bullish momentum, with a potential target of 214.005. There is limited resistance between 193.659 and 214.005, suggesting that the pair could make a significant move if it breaks above the resistance level. Fundamental Factors: The Bank of England (BoE) is expected to raise interest rates at its next meeting in March. This could support the pound sterling against the Japanese yen. The Japanese economy is facing headwinds from rising inflation and a weak yen. This could weigh on the Japanese yen and support GBPJPY. Conclusion: GBPJPY is poised for a significant move this week. A break above the key resistance level at 193.659 could signal further bullish momentum, with a potential target of 214.005. Traders should closely monitor GBPJPY's price action around the 193.659 level this week. A breakout above this resistance could indicate further bullish momentum, while a rejection could indicate a potential pullback. Additional Information: The pair has already broken the monthly pivot and pulled back to it, which could be a bullish signal. The RSI indicator is also showing bullish momentum, with a reading of 65. The MACD indicator is also bullish, with a crossover above the signal line. Disclaimer: This is not financial advice. I am not a financial advisor. Please do your own research before making any investment decisions.
Long
by behnamxt
1
ARB Nears All-Time High! Key Levels to WatchThe cryptocurrency ARB is getting close to its all-time high (ATH) of $2.1514 on the weekly chart! If the price breaks above this resistance level, it could signal further gains for the token. However, if the price can't break through , it could find support at $1.7156, which was the previous ATH. Technical Analysis: Resistance: $2.1514 Support: $1.7156 ✅ Relative Strength Index (RSI): 65 Moving Average Convergence Divergence (MACD): Bullish! Volume Analysis: The volume of ARB has been steadily increasing over the past few weeks, which is a bullish sign! This suggests that there's strong buying pressure behind the token. Conclusion: The technical and volume indicators for ARB are looking good, suggesting that the price could continue to rise in the near future. The information provided in this article is not intended as financial advice. Please do your own research before making any investment decisions.
Long
by behnoudt
1
Bitcoin Analysis: Correction or Continuation?📈✅Bitcoin is the largest cryptocurrency by market capitalization. It has been on a bullish trend since the beginning of the year. 🔍Bitcoin has broken out of the primary resistance at $30,750 and has started a new primary trend. The price is currently in a very important supply zone near the ATH and we can expect a correction or pullback. 🚀The ascending channel has been broken from above and the price is continuing its movement with a curved trendline. The target of the channel is between $85,000 and $90,000. 🛒If the price starts to correct from here, we can wait for confirmation of the price for buying in the ranges of $42,500 to $45,000 and $35,000 to $37,000.However, if the resistance at $69,000 is broken, we should wait for it to start correcting and enter the correction. 🗯The RSI oscillator is also in the overbought zone and is facing resistance at 88. It may come out of the overbought zone, however, if it can break its resistance, it can move up to 95, in which case the price is likely to hit the channel target. 📊In terms of volume, it has increased after breaking $30,750 and is confirming the trend. 💎If you have bought Bitcoin from the lower levels, I suggest you wait for it to react to the resistance and if it rejects and makes a heavy red candle, you can take profit. If the supply zone is also lost, you can still hold. 🧠💼 This is not financial advice, and it is only my personal opinion on this cryptocurrency. Please do your own research before making any investment decisions.
Long
by itsparham96
IGL will become multibagger after BreakoutIGL may give Huge Breakout !! IGL is Making Hut pattern after an uptrend Possibility of Breakout is huge because its a continuation pattern We may see huge upside after breaking the resistance If stock comes down we can see support is around 370-390 level Breakout confirmation is above 480-500 Current price is around 450 Targets are around 900-950 level Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:IGLLong
by FiveCircles
2
Alikze »» WAVES | Short-term rising wave 3 scenarioIn time D1 and W1, it is moving in a long-term ascending channel. After exiting the density and an upward correction, the zigzag is currently moving towards the targets specified in the chart in the microwaves of the 3rd ascending wave. In the weekly time, the first supply range must be broken to continue the path to open the path for the next targets. Therefore, the most important resistance in front of it will be the first supply range. ⚠️The failure of the first supply area will be corrected.3 🔰 At the beginning of micro wave 3 or C rising is located. Therefore, there is a possibility of rapid movement. 🔰 If this wave is extended, there will be the ability to break and break the first supply area to the second area. 🔰 The bottom of the current wave can be considered as invalidity of the analysis. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️
WLong
by alikze
West Texas Crude Oil Long COT and Technical Analysis West Texas Crude Oil Long Price has come back up to the important psychological level of 79.000. We can see that previously this area has acted as strong resistance and support. In August last year we saw price find support here before continuing upwards. Since November last year we have seen it act as an area of resistance. On last weeks close we had price finally break through after consolidating the past few weeks. Non-Commercial traders, as can be seen through COT filings, are a majority long West Texas Crude Oil. 103,350 long positions are currently held by Non-Coms vs 53,597 shorts. Commercial Traders, who are in most cases contrarian to price, are relatively even. This should be taken into account when using COT for conformation. Geopolitical factors need to be considered. I prefer to leave these out of analysis as much as I can due to unintentional bias that comes with them, and the difficulty of quantifying them. However, when it comes to something like Oil, they often have to be at the forefront of analysis. The current Israel-Hamas conflict is one of the geopolitical factors at play here. While Israel has no dominant position in the Oil industry, Hamas links to Iran have created the possibility that the USA may harden its sanctions against Iran, the 4th largest Oil producer. The conflict against the Houthis is a major factor here. There is a concern these strikes will spill over and expand into a larger region wide conflict, heavily affecting the shipment, and therefore the price of Oil. Houthi links to Iran are also a concern, just as with the Israel-Hamas conflict. I will most likely take a position on Monday 50% of my usual size. If we can get a retest of 79.000 I will enter another 50% of my usual size. Holding this trade long-term, and moving my SL to follow new swing lows, is my current trade plan. If the two conflicts begin to cool however, it may be a good idea to look at closing my positions. If peace talks do commence for these conflicts, we will see Oil fall, but if the peace talks again amount to nothing, this would be a good opportunity to increase my position.
OANDA:WTICOUSDLong
by DedoAUS
ICP Price Analysis: Bullish Breakout Signals Potential 76% UpswICP has been on a tear since breaking out of its weekly accumulation box. The price has surged over 50% in just a few days and is now approaching its next major resistance level at $13.61. A bullish engulfing candle on the weekly chart suggests that the bulls are in control and that the price is likely to continue its upward trend. If the price can break above $13.61 with conviction, it could open the door for a rally to $76, representing a potential upside of 76%. However, traders should exercise caution before entering a long position. The cryptocurrency market is notoriously volatile and prices can reverse quickly. A stop-loss order should be placed below $8 to mitigate risk in case of a sudden sell-off. It is important to note that this analysis is for informational purposes only and should not be construed as financial advice. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Key Technical Indicators: Support Levels: $12.00, $10.00 Resistance Levels: $13.61, $15.00, $18.00 Relative Strength Index (RSI): 65 (Overbought) Moving Average Convergence Divergence (MACD): Bullish crossover Trading Strategy: Buy: If the price breaks above $13.61 with conviction. Target: $76 Stop-Loss: $8 Disclaimer: This analysis is not financial advice. Always do your own research before making any investment decisions
Long
by rahimdris9155
GBPJPY SHORT IDEAAfter a good movement for the GBP there was a slightly bear movement in the last days of this week. There was one new small bear canal which has been forming during the last days. As the last candle from Friday 01.03.2024 was a bear with a significant movement for JPY we could start looking for a short idea. The best variant to enter in a position will be after a successful retest of the demand zone which now we can consider as a supply one. It is not a good idea directly to enter in the short position because we do not have a confirmation if the zone is becoming supply.
Short
by kidagaka123
1
LOOM - Saucer Pattern - Long Trade #LOOM #Analysis Description --------------------------------------------------------------- + LOOM is forming a nice saucer pattern. This is a bullish pattern and we can expect the price to pump if the price breaks out from the resistance range. + As of now the price is below the resistance range, we need to wait for the price to hit the resistance range and then breakout from there successfully. + I'm expecting the price to breakout from the resistance in the next 2-3 days. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.11756 Stop Loss: 0.10708 ------------------------------ Target 1:0.12201 Target 2:0.12712 Target 3:0.13569 Target 4:0.14621 Target 5:0.16046 ------------------------------ Timeframe:4H Capital: 1-2% of trading capital 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
LLong
by VectorAlgo
3
🔄 ILV: Hovering Above Previous Resistance Turned Support! 📈💡📊 Analysis: Current Position: ILV is hovering above a previous resistance, now acting as support. Potential Retest: Strong chance of retesting $110. Target: Aiming for $133, presenting a potential 20% move. Next Support: $93 is the next support level. 📉 Possible Scenario: Retest Scenario: Potential retest of $110 before targeting $133. Support Scenario: Watch for support confirmation, and monitor market dynamics. 🌐 Note: Keep a close eye on ILV's behavior around key levels! 📊🚀 #ILV #SupportTurnedResistance #RetestOpportunity 📉📈
Long
by Richtv_official
MATIC - will there be further increases?Altcoins with small capitalization (young/new) have already made huge increases in the bull market, and what about altcoins with larger capitalization? The boom doesn't apply to them? I present to you possible growth scenarios with potential key places for continued growth. The first scenario assumes increases after repeating the 1:1 black correction, i.e. wave 2 as wave 4. The condition is that the price will rise above 1.54usdt. The second scenario is a flat ABC correction, where the condition is that the price increases to the red zone without breaking the top of wave 1 and falls to the green zone as wave C, ending the correction, after which I assume increases. Regards.
M
by cryptodailyuk
1