Support
🚀📉 MANTA Support and Resistance Levels! 🎯💹📊 Analysis:
Current Level: Returned to the support at $2.73.
Upward Trend: Aiming for the next resistance at $3.47.
Crucial Level: Clearing and holding above $3.10 is important.
Next Resistance: Positioned at $3.81.
Lower Support: The wick stopped at $2.30.
📈 Trading Strategy:
Action: Monitor for a sustained move above $3.10.
Targets: Consider resistance areas at $3.47 and $3.81.
Risk Management: Be aware of lower support at $2.30.
🚨 Note: Stay adaptable to market dynamics for effective decision-making! 🌐🔍 #MANTA #CryptoAnalysis #SupportResistance 📊💱
🎂💹 CAKE Trading Strategy - Laddering Within Support Zone! 🚀📊🔍 Strategy Overview:
Condition: Testing the $3.00 - $3.15 support area.
Entry Criteria: Ladder entry within the support zone.
Targets: Aim for the next resistance levels at $3.45 or $3.65 - $3.80.
Risk Management: Set stop-loss just below $2.80.
📢 Analysis: Utilizing laddering within a strong support zone provides flexibility. Keep an eye on market dynamics and adapt as needed. 🌐🚀
#CAKE #CryptoTrading #RiskManagement 💰📈
Gold Analysis: Will the Critical Resistance Hold or Break Gold is following a downward trend line in the 4-hour time frame and has formed a short-term ascending channel!
Gold is currently at a very important resistance zone of 2035 - 2039. Here we have two possibilities:
1. Gold may fail to break above this resistance and continue its downward movement from this area.
2. Gold might break above this resistance with today's news and move towards 2044 - 2047, meaning the top of the descending channel, and then, with tomorrow's news, continue to hit a downward trend from this area or an even more significant resistance of 2055 - 2058.
Pay attention to the news! News events shape all trends! 📈
FB (META), What is going on?Stocks fall one after another !
We Saw a considerable decline in FB (Meta) Stoc k after earning report after hours of last trading session. What is happening for FB (Meta) in terms of Elliott waves?
FB (META), has likely completed a primary degree ascending cycle started on 4th Sept 2012 at 17.55 USD . This cycle took 9 years to be completed therefore, we can imagine how boring will be the correction phase before completion !
If true , FB (META) has started a correction decline form ATH (384.33) down to Retracement levels with today's pre-market price around 0.382 level.
Although 0.382 retracement is also possible for wave 2s , I give very low possibility to bounce back from this level according to timing and corrective patterns.
Retracement down to 200 , 157 and even 96 USD corresponding to 0.5 , 0.618 Golden Ration and 0.786 Retracement levels is very possible, I tried to show the probability of each possible Retracement with thickness of arrows with the thickest to be the most probable ( As I suppose ) and vice versa.
After completion of this primary degree wave 2 , there will be a huge up going wave which is primary degree wave 3 . This wave 3 will push the price up to at least 700 USD and even higher ( Very good news for long term investors ) depending on at which retracement level this boring correction phase ends. It is too soon to talk about this target we can update our targets in next years !
Please note this is a very long term prediction so, there will be lots of ups and downs and fluctuations in our path. What is happening on FB (META) is more than likely similar to whats happened for ETSY, SHOPIFY, SQ and many others in the market.
As I showed on the chart, this is what I see as the most probable scenario which means there are more optimistic scenarios. Mots probable more optimistic scenario is that FB ( META) is just correcting the wave cycle labeled as wave (5). As far as the stock is trading above 170 USD, this scenario is valid.
Hope this analysis to be helpful and wish you all the best.
SBILIFE ready to Free fall ??SBILIFE Is ready to Free fall ??
SBILIFE is in a Rising Channel and Channel is Working from March 2023
Stock is around the resistance of the Rising channel.
Resistance zone is coming around 1560-1580
Stock can fall till 1420-1430
Strong Support is around 1420-1430
That would be the Best Buying zone !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
BINANCE:CRVUSDT - Perfect LONG doesn't exist ?---------------------------------------------------------------
Description
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+ CRV broke-out the descending triangle and headed towards the next resistance
+ This is a good opportunity to enter the trade.
+ We can expect the price to reach upto 0.6469 easily
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VectorAlgo Trade Details
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Entry Price: 0.4820
Stop Loss: 0.4384
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Targets 1:0.500
Targets 2: 0.5287
Targets 3: 0.5800
Targets 4:0.6400
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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VectorAlgo
ORDI Dump is Over, Pump is Incoming 🎁#ORDI/USDT Analysis
Description
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+ ORDI is clearly around the support zone, i see two support zone for the ORDI to bounce back from
+ 1st Support is around 59.794 and second one is around 56.266 I'm expecting the ORDI to bounce back between these two support zones
+ If the this support range breaks then we are looking at further crash and consolidation around the are 48.89
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VectorAlgo Trade Details
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Entry Price: 59.7998 (After bounce back)
Stop Loss: 54.73
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Target 1: 64.17
Target 2: 67.87
Target 3: 73.394
Target 4: 79.59
Target 5: 86.34
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
Divergence spotted, expect reversal. Potential +800% profit.Bullish divergence on the Relative Strength Index (RSI) indicates a promising outlook for BINANCE:COTIUSDT , suggesting a potential uptrend in the near future. This divergence typically occurs when the price of an asset moves in the opposite direction to the RSI indicator, signaling a potential shift in market sentiment.
Moreover, recent price action has shown signs of reversal, further supporting the notion of an upcoming bull run. This reversal is expected to continue its momentum, potentially driving prices higher over time.
For traders considering entry into this market, the current price stands at 0.07180, presenting an opportune moment to initiate positions. Additionally, setting clear targets can help manage expectations and guide trading strategies. The following targets are suggested:
Target-1: 0.13108
Target-2: 0.19075
Target-3: 0.33982
Target-4: 0.45786
Target-5: 0.51000
Target-6: 0.61245
Target-7: 0.69199
It's crucial to implement risk management techniques to protect capital. A suggested stop loss level is at 0.03701, which can help limit potential losses in case the trade does not unfold as anticipated.
Considering these factors, this trade opportunity presents a favorable long-term prospect with the potential for substantial gains. Traders are encouraged to conduct thorough analysis and assess their risk tolerance before making any investment decisions.
Should you have any further questions or require additional information, please feel free to reach out.
Regards,
SC - Driving towards support | +310% Profit Target#SC/USDT Analysis
Description
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+ SC is currently moving towards the support line, if the it goes in this direction i'm expecting a nice double top pattern which is more bearish for SC.
+ I'm expecting this trend to continue and hit the next support before consolidating.
+ I'm not waiting for double top instead trading while double top is forming.
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VectorAlgo Trade Details
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Entry Price: 0.012568
Stop Loss: 0.014570
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Targets 1: 0.01186
Targets 2: 0.01104
Targets 3:0.009839
Targets 4: 0.008537
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Timeframe: 1D
Trade Type: Short
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
STG - PUMP or DUMP - We are ready with our entries 👻#STG/USDT Analysis
Description
- STG has formed a nice descending triangle and currently in decision phase of whether this will breakout upwards or downwards.
- No matter in which direction the price breaks the triangle I see a good trade opportunity.
- If the price breaks above the resistance line then we can enter a LONG trade around 0.6593
- If the price breaks below the support line then we can enter a SHORT position around 0.6200
LONG Entry: 0.6593 | StopLoss: 0.6200 | Target 1:0.6807 , Target 2: 0.7197
SHORT Entry: 0.6200 | StopLoss: 0.6593 | Target 1: 0.6015, Target 2: 0.5660
Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-20x
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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
RNDR - Breakout will yield a LONG signalBINANCE:RNDRUSDT (4H CHART) Technical Analysis Update
RNDR is currently trading at $7.325 and currently its inside a descending the triangle, a breakout
The price can break up or down of the descending triangle, we will enter the trade based on the direction of the breakout
>> SHORT TRADE <<
Entry level: $7.787
Stop loss level: $ 6.998
Target 1: $ 8.198
Target 2: $ 8.624
Target 3: $ 9.159
Target 4: $ 10.400
>> LONG TRADE <<
Entry level: $ 6.838
Stop loss level: $ 7.590
Target 1: $ 6.548
Target 2: $ 6.305
Target 3: $ 6.062
Target 4: $ 5.689
Max Leverage: 3x
Don't forget to keep stop loss.
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GreenCrypto
DXYDXY is trading under the declining trendline . The price is reacting well the support and resistance of falling trendline.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 104.3 followed by 104.6
What you guys think of this idea?
Rejection or Breakout for OP/USDT ? BINANCE:OPUSDT (4H CHART) Technical Analysis Update
OP is currently trading at $ and currently price is at the resistance line
We can expect price to either breakout from the resistance or get rejected from the resistance. We will enter trade based on whether price will get rejected or not.
LONG Trade Details (only after confirmed Breakout)
Entry level: $ 4.023
Stop loss level: $ 3.818
Target 1: $ 4.122
Target 2: $ 4.217
Target 3: $ 4.429
SHORT Trade Details (only after confirmed Rejection
Entry level: $ 3.818
Stop loss level: $ 3.978
Target 1: $3.723
Target 2: $3.623
Target 3: $3.458
Max Leverage: 5x
Stay tuned for updates on breakout or rejection.
Don't forget to keep stop loss.
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GreenCrypto
Alikze => CHZ| The scenario of wave 3 ascending or CAfter several short-term analyzes regarding the CHZ currency, this time we will examine the currency in the long term. In the weekly time, it is moving in a descending channel, which has made a zigzag correction in the form of wave 2 correction with the bottom of the 50% Fibo range. It is currently in wave 3 of 3. At the moment, it has returned 100% of the wave, which will have the ability to grow up to the ranges of 0.17 and then 0.195. The most important resistance area to continue climbing up to the 0.78 Fibo range and also 0.34 cents is the 0.19 resistance. I will go into detail in the daily analysis and lower time frames.
Support areas: 0.1220 and green box
In addition, considering that it is big in wave 3 or C, for the long-term goal, it has the ability to return to the 100% Fibo wave in the range of $14.
🟩Sup: 0.1220 and green box
⛳️Tp 1:0.17
⛳️ Tp2 : 0.195
⛳️ Tp3 : 0.34
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EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD is making a
Bearish correction after
A strong push upwards
But the pair will soon
Retest a horizontal support
Level of 1.456 from where
I think we will see a
Bullish rebound
Buy!
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SOL, possible bullish Spring setup, AB=CD on raising volumeSolana had a bullish flag breakout in the longer timeframes (check my other related Daily analysis).
Currently, a potential technical setup might play out for a shorter-term trade or addon to the first one. We have an AB=CD measured move.
Volume profile - notice how the first bullish bar that reacted from the support level occurred on higher volume compared to the test afterward which is on lower volume. This is always a positive confirmation that we want to see a breakout.
We hope for a test of the previous high and a runner.
TIAUSDT: Potential Bullish Cup with Handle Pattern at SupportTIAUSDT has potentially formed a Cup with Handle and has held on to a Daily Support level with a bit of MACD Bullish Divergence and some Bullish RSI BAMM confirmation. This could end up being an early Bullish entry before TIA goes for the break of the handle.
BONK SUPER CONFLUENCE!! BULLISH Support Zone!Massive confluence here at support!! VAL, Weekly, Daily, Golden Pocket, HTF POC...
BULLISH IF PRICE CAN HOLD THIS LEVEL!
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S&P 500 INTRADAY LEVELS FOR 21/02/2024 BUY ABOVE - 4980
SL - 4968
TARGETS - 4992,5000,5008
SELL BELOW - 4968
SL - 4980
TARGETS - 4958,4948,4940
NO TRADE ZONE - 4968 to 4980
Previous Day High - 4992
Previous Day Low - 4958
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
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