$QNT - Brewing Up for next HIGHHello my Fellow TraderZ,
On 4 HTF, $QNT #QUANT is forming an ASCENDING TRIANGLE which is bullish in nature. RSI has already broken the Trendline Resistance so waiting for the Price to do the same.
But be a bit cautious as multiple rejections near $142 is clearly showing the strength of the Sellers.
If breakout happens above $142 with strong VOLUME, go for LONG with the price target ~$160.
Trade well FAM. CHEERS!!!
Technical_analysis
ICPUSDT /1D
Currently, the price is fluctuating between 5.60 and 6.
The first support limits are $5/$5.50. Most likely, the price in these ranges will be associated with a positive reaction. If it is accompanied by a lot of selling pressure, further correction may be made. To enter, we must wait for the confirmation of the candlestick in these ranges. 💹
The important resistance range of 6.20 for a positive price trend should be above the stabilization range so that the next resistance range has a positive movement.
It is important to maintain the range of 4.64
what do you think about it? 🙂
USDT.D 4H
Dominance Tether
As you can see, it has reacted to the 7.25% support range and the 7.72% resistance range every time. It is currently in the range of 7.55%. It may move towards the range of 7.72. This issue can be a negative reaction for the cryptocurrency market. 💹
In case of exiting the box to the top and fixing the limited high of 7.72%, the possibility of growth up to the range of 7.80%/8% can be considered.❗️
It is important to maintain the range of 7.46%/7.43% to continue the trend ❗❗❗
what do you think about it?
$ATOM - Smash the NecklineHello my Fellow TraderZ,
In recent time, is there any coin which has outperformed most other top 50 coins is $ATOM #Cosmos.
Looks like it is once again ready to settle for Upward Movement.
On smaller TF, Inverse Head&Shoulder is almost ready to play out just waiting to break the neckline and retest it to BOOM.
Target is set for ~10% .
CHEERS!!!
$MATIC - BULLISH but CautiousHello my Fellow TraderZ,
#POLYGON ($MATIC) is going inside the Descending Channel Pattern and again got rejected by the Upper Trendline.
The recent upward movement was also supported by the RSI momentum which clearly was showing Bullish Divergence.
Now I see on 4 HTF price going to come and retest the MA50/200 at the least.
Also on 1 HTF, it is clearly visible that Price was maoving inside the Ascening Triangle and broke the Triangle beautifully and again coming to retest. Here my projection for the coming hours/days where we could go to the $0.9
Happy Trading Fam. CHEERS!!!
💲USD / CAD, Continuation of the uptrend, price accumulation💲USD / CAD, Continuation of the uptrend, price accumulation before the move.
In the current analysis, we look at USD / CAD.
We are currently at key levels, the price area around 1.36 1.38 is a moment of accumulation for this pair, which has been going on since September 26.
Today the level of 1.364 was defended, which gave us the confirmation of the Head and Shoulders Pattern. Considering that we are in a long-term upward trend, and the dollar continues to dominate other currencies in terms of strength, which is due to the flight of capital from Europe to America due to geopolitical tensions.
An interesting opportunity has arisen and it would be worth taking advantage of.
It is also worth mentioning the event that took place today and was the most important event today, i.e. the Core PCE Price Index (MoM) (Aug), which surprised the market consensus by beating expectations and amounting to 0.6% compared to the previous month in which was 0.1%.
$QNT - Inverse Head & Shoulder on the ChartHello my Fellow TraderZ,
In my analysis of $UNI/Usdt pair, I mentioned abou the $QNT as both are almost following the same pattern.
But here $QNT has already broken the neckline and I'm looking for the retest for making any fresh entries.
If the retest gets succesful, we will see the price climbing $206 mark within no time, else will see back to $70-87 range to test.
Happy Trading Fam. CHEERS!!!
$SNX - On the Bullish EdgeHello my Fellow TraderZ,
$SNX is coming to the Edge of the FALLING WEDGE Pattern.
We can easily see the Bullish divergence spotted on 4 HTF RSI.
We need to wait for the Pattern Breakout an the crossing of the EMA55 with decent volume.
Good to trade with minimun 10% - 25% TP.
Trae well my Fam. CHEERS!!!
Bulls and Bears zone for 09-28-2022Overnight session, market has been trading in a range, perhaps sellers are aggressive.
Any test of yesterday's Fibonacci 50% range could provide direction for the day.
Level to watch 3684 ---- 3682
Reports to watch :
US:Pending Home Sales Index
10:00 AM ET
US:Jerome Powell Speaks
10:15 AM ET
US:EIA Petroleum Status Report
10:30 AM ET
$SOLANA - Back in Bullish TerritoryHello my Fellow TraderZ,
So here we have $SOL today which is trying to hold up here after breaking the Trendline. Few more candles above the Resistance will clear the line for LONG Signal.
Also see the Inverse Head & Shoulder Pattern, which is still validate and post- breakout the price is retesting the neckline.
All eyes on Powell Feedback about #CRYPTO's future now till then waiting before any further trade.
Happy Trading Fam. Cheers!!!
$TRB - Double Bullish DivergenceHello my Fellow TraderZ,
$TRB is ranging inside a FALLING WEDGE Pattern on 4 HTF.
I've mentioned here that the Double BULLISH DIVERGENCE is in formation on 4H RSI.
Price is just getting hit by EMA 55 if clears and breaks out of the Wedge Pattern, we can see the mentioned targets.
Also if we lose $14.7 , look for SHORT,
Trade well FAM. CHEERS!!!
$BNB - Will it Break the Trendline ?Hello my Fellow TraderZ,
Most of the #ALTS presently coming to the Dynamic Trendline RESISTANCE and one such is $BNB, native token of BINANCE exchange.
As you can see $BNB has approached the Trendline Resistance Zone for the 5th time. On previous occassions it has rejected from this Resistance Zone. Will this time be different? May or may not be.
Currently holding the $260 Support Zone incredibly well on DTF. I'm expecting here a move upside to the $300 or $330 in the short term if Breakout occurrs.
I'm little bit inclined towards breakout as #bnb is making its ALL TIME HIGH against Bitcoin, see below :
So we may see that upside move but again only if breaks and gives a Daily candle close above the Trendline.
Interesting to see how it acts further. Till then Happy Trading FAM.
CHEERS!!!
$CAKE - Just Taste ItHello my Fellow TraderZ,
After June lows, $CAKE has been ranging inside an ASCENDING TRIANGLE on Daily Time Frame and continously maintaining the Higher Lows.
Previous Daily candle closing was Pin Bar pattern with decent Volume. Now the price is trying to attempt the Breakout of the Triangle, all we need is greater Volume bars than previous one. Hence this breakout will be valid.
Keep it in the Radar and enjoy the Trading.
Target mentioned on the chart.
Happy Trading. CHEERS!!!
$ALGO - Time to GOAL Hello my Fellow Traderz,
With the arrival of the FIFA World Cup, keep your targets on the tokens which are directly or indirectly linked to the Championship.
I have already made an analysis on one such token in one of my previous ANALYSIS.
Today I've come up with $ALGO. #ALGORAND is officially the blockchain partner of FIFA WORLD CUP. So it is quite obvious MMs are burning the fuel for the leg up as the tournament is about to start.
$ALGO ha already broke the Trendline Resistance 1 with solid amount of VOLUME which indicates that this Breakout is Valid. Now approaching towards Trendline R2. Also the Horizontal Resistance of $0.42 lies there.
Break above $0.49 we do not have any resitances meanwhile and we could easily reach the next Major RESISTANCE Area of $0.70-$0.75.
Happy Trading my FAM....CHEERS!!!
Bulls and Bears zone for 09-21-2022Yesterday's late afternoon rally seems to be getting weak during ETH session .
Any test of yesterday's High could provide direction for the day.
Level to watch 3892 --- 3890
Reports to watch:
US:Existing Home Sales
10:00 AM ET
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
$NEAR - Approaching the Major WEEKLY SupportHello my Fellow TraderZ,
Today I'm up with the Weekly chart of $NEAR .
This is one of the TOP L1 and must-bagged project in the portfolio. Despite of the Bear Market, #NEAR team is constantly active and keep working to attract investors around the world.
Besides Fundamentals, here we see that the price is coming to the Major WEEKLY Trendline SUPPORT. And currently being held by the Daily Horizontal Support Area.
If price holds the TL, I'm expecting the price to move higher to test the Downward TL ~ $4.8.
If fails to hold the TL support, our First local Support will be ~ $3 and next Important area will be $2.
Try to DCA in the zone of $2 if reaches, as I see myself Optimistic about this L1 seeing their constant efforts.
Till then Happy Trading FAM. CHEERS!!!
Next Top Is...Minor wave 1 may have finished today, slight chance of it finishing if a new low occurs shortly after the open tomorrow. For now, Minor wave 1 was 3 days. Wave 2 will likely be similar in length. Historical relationships point to a possible top around 4000.
There is not much news until the Fed so we could meander upward for a few days while we wait. I do expect Minor wave 3 to be a very sharp drop in the order of 300+ points over 3-6 days which would be fueled by a larger than expected Fed hike and/or hawkish comments afterward.
Minor wave 1 has been eventful so far, we shall see what happens next.