Technical_analysis
$CRV - Bull Flag BreakoutHello my Fellow TraderZ,
I must say mini- #DEFI season is going on at the moment.
Just look at $CRV #CURVEFINANCE - beautifully created the Bull Flag and consolidated inside the range for nearly a month or two and finally breaking out that too with the VOLUME .
Currently, the breakout is being followed by the retest.
I'm anticipating the price to complete another UP to give ~ 20-25% . If #BITCOIN breaks out 22.7k then the freeway to $CRV to test the July High.
CHEERS FAM .
$RSR - Saying it's my TIMEHello my Fellow TraderZ,
In the recent up move we saw many #DEFI tokens pumping out of nowhere an with a move of ~ 30-70%. Meanwhile $RSR was lagging behind or say consolidation near the Support Level.
On 4HTF, now #RSR seems to break the SYMMETRICAL TRIANGLE pattern + Horizontal level+ 200 EMA with a strong Volume.
I am waiting to load more on the retest and expecting a further 10-30% gains.
CHEERS!!!
EURUSD UPDATE ON PRICEcurrent update on eurusd as posted some days ago.. we have seen some bearish impulse on eurusd as I analysed some days back for free here. this is impulse surely ckears the doubt if where price might be heading as it's pretty clear right now.. stay tuned for more updates .. I will be posting more on here .
$LIT - Will Lit your PortfolioHello my Fellow TraderZ,
This is to bring to your attention that next $MASK could be your $LIT #Litentry - another web3 project based on the ecosystem of #Polkadot.
On DTF, it seems like $LIT is forming an Inverse Head & Shoulder and incase it plays out will give a massive 70-80% profit.
Note : - This Resistance Zone is very crucial, so enter after breakout and retest only.
Trade Happily my Friend. CHEERS!!!
Bulls and Bears zone for 11-02-2022In anticipation of FOMC meeting today, market has been trading sideways since yesterday morning's sell off.
Any test of yesterday's Low could provide direction for the day.
Level to watch 3845 --- 3843
Reports to watch:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
$XRP - Accumulation or Distribution Prepp !!Hello my Fellow TraderZ,
This is very good to see how extremely well the recent Support area has been strongly held by the #RIPPLE $XRP since more than 30 days.
But if you notice, lately whenever the price is coming to the Green Area we are not getting any strong bounce with significant amount of Volume which makes me think cautiously that - IS THE SUPPORT NO LONGER STRONG & EVENTUALLY WILL IT MELT DOWN ?
Also, unless we break the TL, we cannot expect a move upwards even to retest the Upper Resistance Zone.
Once will clear the Resistance Area, the pass to 60-70% move is clear.
Keep an eye on it.
Happy Trading Fam. CHEERS!!!
$DOGE - Break it or Take it !!!Hello my Fellow TraderZ,
I hope you guys have seen my yestedray's post where I mentioned about this move was expected and again we have nailed it with whoopy PUMPA.
Today I will be sharing my view on Daily TF and what could be expected.
Right now $DOGE is facing its major Resistance zone lies here.
If clears this zone, it has no further strong barriers to $0.2 - $0.23 which is another 40-50% move from here.
But the concerning point is that the RSI on DTF is extremely overheated + a clear cut BEARISH DIVRGENCE on 4 HTF and so I'm expecting a healthy pullback with drawdown of ~25-35%.
Also if you see with increasing price, Volume bars are going down which generally indicates the exhaustion of fuel to the PUMPA.
So be cautious and make yours' entry carefully on either side.
CHEERS!!!
$DOGE - Another Bullish Move AheadHello my Fellow TraderZ,
$DOGE has recently showed an awesome move of approx. 150% , thanks to the Elon hype once again.
Again , it is nic to see #DOGE is forming a BULLISH PENANT on the lower TFs.
Expecting this breakout to lad another 20% move to retest the recent local top at the least.
Breaking of the Support zone will invalidate the trade.
CHEERS!!!
Bulls and Bears zone for 10-27-2022S&P has rallied couple of hundred points in last few days ; therefore, yesterday's sell off could be indicative of a pullback.
Any test of yesterday's Low could provide direction for the day.
Level to watch 3853 --- 3851
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
💁♀️ ETHUSDT / 1D 💁♀️Hi
💹Currently, the price is trading in the range of $1516. We may see a correction in the supply area of $1557/$1650.
Important resistance range $1557/$1650❗
It is important to maintain the range of $1240. ‼ ❗
Important support range $1100 / $1000 / $890 ⚠️
what do you think about it? I'M glad to know your idea..😊
NQUSL - Where to next?Mapping out the next possible and probable step(s) for the indices ( in this case NQUSL )
1. Bounce/relief rally to retest the 200MA and multi-year (purple) trend-line.
Resistance holds, break-down to next support level between 2500-2400.
2. Multi-week trend-line holds as resistance, we break down to next support level between 2500-2400.
3. Bounce to retest the 200MA and multi-year (purple) trend-line.
Bounce holds, we get a 123 breakout above trendline (first multi-month higher low).
#BTC/USDT 4HR UPDATE!!Hello traders,
As BTC still managed to trade inside a rising wedge pattern between a range of $18.4k to $20.6k.
If we consider the shorter frame BTC just rejected from the upper resistance level which is mentioned in the chart and currently lists moving down again to its lower support zone of $19k, it needs to hold this level and again above otherwise break below will lead BTC again towards the lower support rage of $18.4k level.
Let’s see how the price performs in the upcoming hours.
Do your own research before any trade and hit the like button if you find this analysis helpful.
This is not financial advice.
Thank you.
#CARDANO $ADA - In the SPACE Hello my Fellow TraderZ,
Hope you guys are doing well in the Chippi-Choppy Market. The most important points to be noted in such Corrective Market or BEAR Market are
1. Save the Capital (always think 2x/3x before putting the Money).
2. Build the Capital (Trade small or consolidation ranges).
3. Deploy the Capital (Have patience and see the reversal structure of the Market).
Anyways, so today we have $ADA here. After being in the same zone since JUNE 2022, finally #CARDANO breaking the very very critical SUPPORT it has been ranging for a while. That means it is in the no land zone and a freeway to the below marked levels.
Also do not open any new SHORT position as this could be the DEVIATION as well and price would take off further which is quite less likely. Wait for the retest & Rejection from the SUPPORT level and get into the Ride.
Happy Trading. CHEERS!!!
$ETHEREUM - "Queen in Danger"Hello my fellow TraderZ,
Today we are here to discuss about the QUEEN of #Cryptocurrency - $ETH #ETHEREUM.
Can see the price is again following the SYMMETRICAL TRIANGLE Pattern and once again coming to the edge of the Pattern.
Last time on the CPI day, we had a sharp Fakeout to grab the Liquidity existing below the level of $1260.
PA is not looking so strong at the moment for $ETH. If the Triangle breaks this time confirms any 4H candle, do not hesitate to SHORT till the levels marked.
Happy Trading Fam. CHEERS!!!
$XRP - Another BULL FLAG consolidationHello my Fellow TraderZ,
$XRP has been the hottest coin in past few days both Technically & Fundamentally.
Today I'm going to cover on TA . Can see another BULLISH FLAG in making after price got rejected for the second time by $0.537 zone.
Not expecting a huge move Percentage-Wise but can Scalp here.
Enter only after candle closes above orange line.
CHEERS!!!